ATR Multiples Plotted

27. Sept. 2023

Inspired by @jeffsuntrading and @Fred6724's ATR% multiple from 50-MA.

There are no catch-all values, however a high of 6 and a low of -4 generally has been valuable to me. I tend to look at the historical highs and lows of the indicator, and adjust the Value High and Value Low accordingly to get an idea when profit-taking may be sensible.

The essence is the difference between price and the selected moving average, measured in ATRs.

30. Sept. 2023

Versionshinweise

Added custom ATR Length

8. Nov. 2023

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Added optional 0-line

15. Nov. 2023

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Tidied and clarified some of the code.

--Currently working on an 'Adaptive Mode', which will calculate and plot the upper and lower values based on the selected average's historical turning points

2. Feb.

Versionshinweise

Added quick reference table to show the dollar value of your chosen Value High and it's upside percentage.

Comes in handy when scanning or evaluating Pre/Post-Market moves. See ATRx6 value and AMZN pre-market value of ~$170 on 02/02/2024 for example.

2. Feb.

Versionshinweise

Chart

10. Juli

Versionshinweise

Added option to allow percentage based calculations, which is how Jeff Sun's indicator is calculated.

Some changes and clarification to the table, see the tooltips for guidance.

10. Juli

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Chart update

29. Okt.

Versionshinweise

Fixed typos in table

gestern

Versionshinweise

Updated to Pine v6