ATR Percentage of PriceThis indicator takes the standard ATR and expresses it as a percentage of the OHLC4 price. This has the advantage of normalising the ATR value across the history of an asset. For example, an ATR of value 20 when the price is 2000 actually has a very different meaning when the price rises to 4000. The ATR may be the same value but actually the volatility it represents has halved.
I also add an SMA to the value and a histogram which shows the difference between the two. Positive values mean that volatility is expanding while negative values mean volatility is contracting.
Average True Range (ATR)
SPX ATR14 indicator This indicator works well on SPX 500
Needs to be inverted so Red is at the bottom
Levels of pullbacks are used to determine trend .
Pullback to the Green zone normal Bull Market
Pullback to the Brown Zone are warning of potential Bear Market , but if it holds , just a deeper correction within a Bull Market
Pullbacks into the Red , Bear Market .
In Bear , wait until indicator is forming a reversal trend up and price should make a divergence by either making a new low or retesting previous low.
The Blue MA is the 33 MA and can be used as a form of stop trend indicator on the cross below the MA
KeltnerModified + DonchianColoredKeltner Channel + color coded candles when making new Donchian highs/lows
Investment_TradersStreamHello Guys here we are introducing another important tool, in that you can anticipate when to enter Market for Long term Investment and when to Exit you Positions from Long term Investments. We introduced some of uniq indicators that helps to calculate the Risk. Those are Exhaust Candle, Time or Price correction of stock after a strong movement special Moving average to calculate monthly Trend and one of the popular indicator to know that how much movement happened in a stock from a mean line (Bollinger Band). Please comment below for any information.......
[C] Dynamic Range Channel based on ATR on Multi Time FramePlots the dynamic range from the calculated Average True Range of the security. The calculated price that it could return to from high to low and vice versa. Has been tested on multiple time frames on NSE equity stocks.
ADR price targets with alert options- UltimateADR based price targets with option to hide past levels..
Balance BuilderBalance Builder is the culmination of everything I've learned over the last few years and will be my exclusive FOREX and crypto trading indicator going forward. I will be developing and updating it on a regular basis.
The unique signals it generates do not repaint, nor do they lag. What you are seeing is real-time and will not change once the current candle closes.
This technology analyses trend strength, momentum and the outcome of previous candles to determine the best time to accurately go long or short.
Use the labels to influence your own manual trading decisions or enable the built in alerts to hook in to your trading bot of choice and automatically trade around the clock.
The system can be applied to any instrument but the defaults are tuned for trading Bitcoin on the 4 hour chart. Higher time frames such as this are recommended to increase the win-rate but the parameters can easily be tweaked to cater for shorter term trading.
Important: I personally use Heikin Ashi candles with this script to further filter entries. An option is available within the script settings to toggle this on/off should you wish to do the same.
This is a premium script. Please DM me for access.
Supertrend MTF Heikin AshiThis is non-repaiting Supertrend Multi Time Frame script, uses Heikin Ashi Candles as source on normal chart
There is an option for Higher Time Frame. if you choose "Auto" then Higher Time Frame calculation is made by the script. If you choose "User Defined" option and then you can select Time Frame.
You better use this script with other indicators such as RSI, Momentum etc.
Enjoy!
Zero Lag Keltner ChannelsThis is Keltner Channelz (KC) with Zero Lag Moving Average (ZLMA as base). It is smoother and has less lag than the original (EMA/SMA) variant.
It also can be used as a trend indicator and trend confirmation indicator. The upper and lower bands are green if it is an up trend, and red if a down trend. If both have the same color it is a stronger trend.
ATR based Stop and Take-Profit levels in realtime Little tool to quickly identify stops and take-profit levels based on Average True Range. User can change ATR multipiers, as well as the ATR length used. Green and red lines show these levels; plot is visible over last 8 bars only to reduce clutter. Label showing the current ATR, up above the last bar
Adam H Grimes - Keltner Channels with Day's High & LowThe indicator shows the day's high and low along with the Keltner Channels.
Keltner Channel Period - 20
Keltner Channel Multiple - 2.25
Advanced ADR - PivotBossThis Script comes straight from PivotBoss Masterclass. Script calculates compression and expansion of prices. ADR is calulated for user defined period and it is compared over 10 period. If the prices goes over 125% of average ADRin the look back period then current price is over expanded and reversal is in the corner. When Prices falls below 65% of average ADR then prices are under compression. Then you should look to position yourself in the direction of the expansion.
Expansion leads to compression. Compression leads to Expansion
Renko Weis Wave VolumeThis is live and non-repainting Renko Weis Wave Volume tool. The tool has it’s own engine and not using integrated function of Trading View.
Renko charts ignore time and focus solely on price changes that meet a minimum requirement. Time is not a factor on Renko chart but as you can see with this script Renko RSI created on time chart.
Renko chart provide several advantages, some of them are filtering insignificant price movements and noise, focusing on important price movements and making support/resistance levels much easier to identify.
As source Closing price or High/Low can be used.
Traditional or ATR can be used for scaling. If ATR is chosen then there is rounding algorithm according to mintick value of the security. For example if mintick value is 0.001 and brick size (ATR/Percentage) is 0.00124 then box size becomes 0.001. And also while using dynamic brick size (ATR), box size changes only when Renko closing price changed.
This tool is based on the Weis Wave described by David H. Weis (a Wyckoff specialist). The Weis Waves Indicator sums up volumes in each wave. This is how we receive a bar chart of cumulative volumes of alternating waves and The cumulative volume makes the Weis wave charts unique.
If there is no volume information for the security then this tool has an option to use “True Range” instead of volume .
Better to use this script with the following one:
Enjoy!
ATR Stoploss Lines - Minimize Risk | Maximize ProfitThe ATR Stoploss is best used as a trailing stop. While actively managing your trades, move your stops up as price increases/decreases.
There is an offset of 1 candle, so the ATR will only be based on closed candles. This prevents you from moving your stop's when you really shouldn't.
The top lines are used for short positions and the bottom lines are used for long positions.
You can adjust the distance of the ATR lines from your candles by changing the multiplier in the settings.
You may want to increase the multiplier to 2-3 on less volatile assets, and keep it ~1.75 for volatile assets like BTC.
Feel free to reach out if you need any tips or more help with using these. Just remember, this indicator should only be used to manage your trades, not enter them.
London Breakout with MDX Trailing StopThis indicator aims to aid in using the regular London Breakout strategy, as well as improve on it by adding a trailing stop based on the Mean Deviation Index.
The London Breakout strategy (according to my personal understanding) basically sees the morning before London open as the accumulation or distribution range for large buyers or sellers, and assumes the market will break either above that mornings high or below that mornings low when they start to move price. It is mostly used to trade stock indices and forex.
This indicator plots the morning high and low for each day. The green line is the morning high, and the red line is the morning low. If price moves above the green line (the morning high) it fills that area with a green color. If price moves below the green line (the morning low) it fills that area with a red color. This makes the breakouts easy to spot.
The background color of the chart turns green when the MDX is above 0 (price is more than X times ATR above the mean) and a breakout above the morning high has occurred, and stays green until the opposite happens.
The background color of the chart turns red when the MDX is below 0 (price is more than X times ATR below the mean) and a breakout above the morning high has occurred, and stays green until the opposite happens.
The default for X above is 1.0, but this can be changed in the settings by changing "ATR Multiplier".
The background is always neutral during the morning session since the morning high and morning low are not established yet.
A trailing stop is shown when price is more than X times away from the mean and a breakout has occured. The distance is set using the MDX. The trailing stop uses a separate ATR multiplier though, to make the signal and trailing stop MDX values different, if one likes. The default ATR multiplier for the trailing stop is 1.25, but this can be changed is the settings by changing "ATR multiplier for trailing stop".
When the high or low of a candle breaks the trailing stop, it is moved further away, indicating you have been stopped out, but gives opportunity to use it if you enter again (so it doesn't just disappear).
As an added bonus, take profit levels have been added based on the mornnig range. The take profit distance is set by multiplying the range with a factor. The levels are then plotted that distance from the morning high and morning low.
MDX:
ATR SL/TP Calculator
Hello traders!
With this script you will able to calculate easier SL and TP using the ATR Value according with your strategy.
Script plots two circles below and above the candle that is calculated using H/L of the candle +/- ATR Value.
You can also modify the ATR Period and other plotting options clicking on the settings icon.
Ciao Traders, in questi ultimi giorni non ho pubblicato analisi ma spero che gradirete questo script che vi faciliterà di molto il lavoro quando applicherete strategie basate sull'ATR per il calcolo degli stop o dei profit.
Grazie a questo script riuscirete a calcolare più facilmente lo SL ed il TP utilizzando il valore dell'ATR applicato al Massimo o al Minimo di quella candela.
Lo script visualizzerà due cerchi, uno sopra e uno sotto la candela che rappresentano il Massimo/Minimo più/meno il valore dell'ATR.
Potrete modificare il periodo dell'ATR e lo stile semplicemente cliccando sull'icona delle Impostazioni.
ATR BandsThe NNFX way
This indicator makes it easy to see the ATR values of the chart.
The red lines are at 1.5 ATR
The blue lines are at 1 ATR
Credits to www.tradingview.com for the code he published. I've extracted only the ATR to create this indicator. Many thanks ❤
UT Bot AlertsUT Bot indicator was initially developer by @Yo_adriiiiaan
The idea of original code belongs @HPotter
These are v4 alerts for my previously published strategy:
Original script:
Cryptohopper ATRThe Cryptohopper ATR analyses the volatility of the asset. When the market is rather ranging, the volatility remains low and the ATR line decreases . However, when the market starts moving quickly in one direction, doesn’t matter if it’s up or down, the ATR will start rising.
It can be a very good indicator to spot when the big investors are entering the market to buy or sell.
We have added a moving average of the ATR line to generate signals. In this way, when volume starts flooding the market and the volatility peaks, the ATR line will rise above its moving average. Likewise, when the volatility falls and the market ranges, the ATR line will fall below its moving average.
Last but not least , unlike with other indicators, the ATR does not generate buy or sell signals since it measures the volatility of the market. Therefore, the price can be going up or down.
Then, how can you use this indicator in your automated strategy? It can be described as a volatility filter . When the ATR line goes above the moving average, the market is more volatile and the price is moving, then the ATR will let another indicator(s) to give a buy or sell signal. However, when the volatility is low and the price is ranging, the ATR is below its moving average, and it won’t let another indicator(s) to give any buy or signal.
Therefore, it filters out trades when the market volatility is low and the price doesn’t move much and let your strategy trade when the market is volatile and the price is trending.
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As you can see in the chart, when the ATR line (orange line) is below the blue line, the price is not volatile and it is likely to be ranging. On the other hand, when the ATR line is above the blue one, the volatility of the market is increasing, which means that the price is initiating a new trade and there will be more trading opportunities.
Current vs. Average price performance (daily and weekly)This indicator is to be used only by the values it gives back, don't use the lines .
In "current week days" choose number of days that already BEGAN this week (ex. on Wednesday type 3)
Green1 - Current Daily Range
Orange1 - Average Daily Range
Green2 - Current Weekly Range
Red1 - Average Weekly Range
Orange2 - Today's price movement compared to the average daily price movement (in percentage)
Red2 - This week price movement compared to the average weekly price movement (in percentage)
By these values you can check how price performed today and this week in comparison to the average daily and weekly values - you can check with some probability if the movement is already exhausted or price can do some more action.
[KICK] Volatility HeatmapWith this indicator you can gauge the price volatility of an instrument across multiple timeframes in a very compact visualization. It allows you to find critically low areas of volatility and predict the likelihood of an imminent move or the conclusion of a move. While you can do this with other indicators, it is often easy to miss low volatility on timeframes that you don't normally survey.
Features:
Measure volatility using either Average True Range Percentile Rank (ATR-PR) or Historical Volatility Percentile (HVP)
Measure volatility from any other source (e.g. Volume, or custom series from another indicator) using HVP
2 Rendering Modes (Smooth and Distinct) as seen in the sample chart above
Ability to show current timeframe Volatility in bar chart above the heatmap
Get alerts when a certain number of timeframe levels (configurable) are showing critically low volatility (implying imminent move)
Get an alert when the current timeframe volatility level emerges from a critically low volatility zone (usually indicating the start of a significant move)
The bands on the map are 1x, 2x, 3x, 5x, 8x, 13x, 21x, and 34x the curent timeframe. The volatility measurements go (from lowest to highest): Lime, Blue, Dark Purple -> Light Purple (gradient), Magenta, Pink. If you see grey blocks/bands, these indicate that the instrument you are using does not have enough historical data to determine the volatility based on your timeframe and reference period. For example, if you are using a reference period of 100 and are on the daily view, to render the bottom-most band (x34) you would need around 3400 days of data (over 9 years).
You can use this indicator in multiple ways. My favorite way personally is to look for areas that have multiple consecutive timeframes showing low volatility warnings and then enter when the highest of those timeframes turns back to purple. Use other methods, analysis, or indicators to determine direction (or just straddle P.A. with market stops). If I am scalping, then I will generally mostly watch the "current timeframe" and get alerts when it emerges from low volatility.
Use the link below to watch a tutorial video, request a trial, or purchase for access.
BASELINE + ATR CHECKER BANDSThis script shows the Ichimoku Baseline and ATR Bands.
Inspired by VP's algorithm this indicator tell you if you can open a trade or not.
How to use:
If a long/short candle cross the baseline and its close is higher/lower the ATR bands DO NOT TAKE the trade, otherwise feel free to enter.
Input variables:
Baseline Period (26 is default)
ATR Period (14 is default)
ATR safe zone bands multiplier (default is ATR*1)
How to install:
Add this indicator to your chart and pin it to the Right Scale (A)
BERLIN Range Index | Panel versionThe original problem: The choppiness index is great at finding ranging markets, but it is sometimes very slow, which means most of the time it only catches the end of a trend.
This indicator tries to solve this. It uses the choppiness index and filters it using a factor that is based on the standard deviation of the ATR.
The ATR based filter is calculated by first calculating the running standard deviation of the ATR, and then looking at that in relation to its recent low to find a filtering factor to use on the choppiness index. This makes the choppiness index more reactive to trends, but also slightly more likely to missidentify ranges.
This is the panel version of the indicator. It plots the index and min/max values, as well as background colors to tell you when it thinks the market is ranging or trending.
Yellow = Trending
Transparent gray = Ranging
