This simple script base on function of ATR Trailing Stop (aka SuperTrend) to plot Trading Setup on chart with detail as below: 1. Type of Average True Range (ATR) + The function calculate ATR may base on 1 of 3 type of Average: RMA, SMA, EMA 2. Trading Setup 2.1 Long setup + SuperTrend is upTrend + Entry Long at (or below) last value ATR Trailing Stop of Previous...
The 4C ATR Threshold is a simple indicator that paints the chart background red when the ATR goes below the user defined ATR minimum. Some trading setups have specific criteria that require a minimum ATR on a certain timeframe for the instrument to be playable. The painting of the chart background based on the ATR value is useful as a quick visual reference....
Introduction This is my newest Support/Resistance indicator based on the idea of my previous script which had been featured in Editors' Picks . Everyone seems to have their own idea of how you should measure support and resistance levels. This code finds the exact highest and lowest price points (Extrema) on the chart and then draws the support and resistance...
I will explain step by step. 1- The position order filtering option is used to filter out duplicate positions. 2- The reason I use an ATR multiplier is to balance the ATR value that differs in instruments. 3- ATR lower limit and ATR upper limit values are to reduce unnecessary transactions and commission expenses in the horizontal market. 4- Strategy take...
The 4C ATR is a simple indicator that plots a horizontal line on the ATR indicator, which can be used as a minimum or maximum reference value. Some trading setups have specific criteria that require a minimum ATR on a certain timeframe for the instrument to be playable. The horizontal line is useful as a quick visual reference, and can be adjusted to any...
This indicator helps you to set your stoploss levels by using ATR. Traders often use atr values in order to calculate their stoploss levels. This indicator does the calculation for you and draw two tiny lines without messing up the chart so that you can easily see your stoploss levels and get an idea about the volatility and risk amount as well. One line is below...
Knowing how big a range one is operating in (from a higher time frame perspective) is very important to understand where the reversals could potentially come from. This indicator uses the closing price of previous HTF candle and plots its ATR range - and several levels on top of it. +/- 75% +/- 100% +/- 150% +/- 200% +/- 300%
Library "adx" Calculate ADX (and its constituent parts +DI, -DI, ATR), using different moving averages and periods. adx(atrMA, diMA, adxMA, atrLen, diLen, adxLen, h, l, c) Parameters: atrMA : Moving Average used for calculating the Average True Range. Traditionally RMA, but using SMA here and in adxMA gives good results too. diMA : Moving...
This simple script indicate the potential flat market zones, calculated based on the Bollinger Bands width. It's showing the Bollinger Bands in red when the market is detected as flat. You can adjust the Width Threshold with precision on the inputs settings. Enjoy :)
After seeing strategy after strategy refer to calculating ATR values using a "calculator" (how barbaric!), I thought I'd take a stab at one possible solution to the "problem" as an overlay indicator on the main chart that replaces traditional standard ATR bands. This indicator presents ATR within a channel with a slick trick: invisible hover-able tooltips for you...
Mainly developed for AMEX:SPY trading on 1 min chart. But feel free to try on other tickers. Basic idea of this strategy is to look for 3 candle reversal pattern within trending market structure. The 3 candle reversal pattern consist of 3 consecutive bullish or bearish candles, followed by an engulfing candle in the opposite direction. This pattern usually...
1st it exactly looks like the original Supertrend indicator. But if you see the options, you can see it is totally different: It uses my other indicator inside: Zero Lag Keltner Channels, so you can use smoothed ATR bands for calculation instead of the raw ATR. By default it's length is 1 so it works like the original Supertrend. You can choose different...
This indicator extends the built-in Volatility Stop indicator to a visual signals type indicator based on the crossover of a small VStop value (default 1.5x ATR) and a larger VStop value (default 3x ATR). The two values form a "cloud" with default coloring based on RSI/strength of trend.
I have a thing for efficiency, as I'm sure many of you do as well. One could say we are minimalist. As such, wasting precious chart space is absolutely unacceptable. Such precious commodity should only be used for things that are pleasing to the eye and mind. This minimalistic ATR filter will give you all the functions a regular ATR provide, without all the...
I created a strategy version for the Chandelier Exit indicator, originally owned by @everget . With the strategy I prepared, you can try both short-long and stop loss - trailing stop and take profit rates. I have also added a date filter feature so that you can test the strategy in the date range you want. Orjinali @everget 'e ait olan Chandelier Exit ...
Try to visualize TREX method. -4 types of candle based on TR : 1. Spinning ( Candle < 0.8*ATR ) 2. Standard ( 0.8*ATR < Candle < 1.2*ATR ) 3. Long bar ( 1.2*ATR < Candle < 2.5*ATR ) 4. Spike ( 2.5*ATR < Candle ) ATR length is different base on FRACTAL timeframes. you can now find what is type of candle as colored ATR. -Time frames : 1 Min 5 Min 15 Min 1...
It is based on the Choppiness Index indicator. It can show you when the market is in range. If the lines are below the lower band, it can be a strong trend, if it is inside the 2 bands, it is considered to be a choppy market, and if it is crossed down the upper band, it can be a developing trend. This indicator does not show you the trend direction! This may be...
Library "TAExt" Indicator functions can be used in other indicators and strategies. This will be extended by time with indicators I use in my strategies and studies. atrwo(length, stdev_length, stdev_mult) ATR without outliers Parameters: length : The length of the ATR stdev_length : The length of the standard deviation, used for detecting...