ARS Strength Index
This script is a graphis representation of Gunbot`s addon called ARS.
Small script indicator showing the strength (volatility) of a current selected pair.
Based on % deviation between ATR and baseline SMA(ATR)
Supposed to be used on 1h frame.
Could be used to switch automated trading strategy settings to more save if index grows.
Green zone is calm market
Yellow zone is average
Red is risk zone
Purple is high risk zone (liqudation)
Small script indicator showing the strength (volatility) of a current selected pair.
Based on % deviation between ATR and baseline SMA(ATR)
Supposed to be used on 1h frame.
Could be used to switch automated trading strategy settings to more save if index grows.
Green zone is calm market
Yellow zone is average
Red is risk zone
Purple is high risk zone (liqudation)