CrackingCryptocurrency

Cracking Cryptocurrency - Quadrigo Average True Range

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Quadrigo Average True Range

An objective method of determining an initial Take Profit and Stop Loss, based on true market volatility and not arbitrary price levels.


Features & Functions

Quadrigo ATR can be set to any source to analyze price data.
Best Options = Close, HL2 , HLC3, OHLC4. Another indicator, moving average, etc. can also be selected.
Take Profit Levels and Stop Loss Levels are calculated based on multiples of ATR.
Default Values are Stop Loss = 1.5x ATR.
Take Profit 1 = 1x ATR. (Take 50% Profit and move stop-loss to break even at this level, or set a Trailing Stop Loss ( TSL ))
Take Profit 2 = 2x ATR. (Take 30% Profit and move stop-loss to Take Profit 1 at this level, or set a TSL )
Take Profit 3 = 3x ATR. (Exit Trade, or set a TSL with a value equal to Take Profit 2 at this level.)

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Purpose

To give clear objective stop losses and take profit levels based off price volatility , rather than arbitrary price levels, percentage points, ticks, pips, etc.

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Versionshinweise: -Update Log-

-Added ATR % to calculations.
-Fixed indicator so that the lines are transparent and sits in the main window as an overlay indicator, therefore not taking up an indicator pane at the bottom of the screen.
-Fixed colors for better clarity. Yellow = Stop Losses. Lime = Long Take Profits. Aqua = Short Take Profits. White = Data.
Versionshinweise: Changed the way ATR and ATR % are plotted to stop re-sizing of price bars.
Versionshinweise: Quality of Life Update.

Easily plot/unplot overlay lines by selecting "Plot for Longs" or "Plot for Shorts" from the input window.
All Data is still accessible in the Data Window as usual.
Versionshinweise: -Smoothing options for Average True Range. EMA, RMA, SMA, WMA.
-Select source from which to measure ATR. Close, Low, HL2, HLC3, OHLC4.
-Added 'Qualifier Line' per PTP strategy. A white or black line will be plotted onto the chart the value of ATR above your selected Base Line to easily help identify whether a trade qualifies or not.
-Input settings to change Base Line.
Versionshinweise: Added option to disable Trade Qualifier.
Versionshinweise: Quadrigo Average True Range Version 2.0
Update Log

-Added Median True Range function to filter outliers.
-Re-factored Code for quicker compiling and UI.
-Ability to flip Long or Short from a drop-down instead of boolean check boxes.
-Three Take Profits and one Stop Loss, depending on whether we are long or short. Not either displayed.
-Color scheme updated.
-Custom ATR value feature added, input your own ATR value.
-Distance to Stop Loss and Stop Loss % displayed, invaluable for Forex trading and determining risk per pip.
-Position Size Calculator added - Calculate Full Risk Position Sizes based off Quadrigo ATR.
-Fixed Position Size Calculator errors, no bar offsets anymore.
-Input Settings made much cleaner, user friendly, and functional.
Versionshinweise: Last minute fix to offsets. :)
Versionshinweise: Update Log

-Added Input Boxes for Percentage to Sell at Take Profit 1, 2 and 3.
-Added Limit Order Value boxes which display the quantity of contracts to sell at each TP price based on position size and percentage allocation inputted.
Versionshinweise: Fixed Take Profits being out of order.
Versionshinweise: -Added the Quadrigo Information Panel.
Thanks go to @Daveatt and @RicardoSantos for doing a lot of the leg work.

All information desired for entering into a proper Position Size will now be displayed in a convenient box next to the current bar. This information includes your
-Take Profit Targets based on your desired ATR Multiplier
-Stop Loss based on your desired ATR Multiplier
-Current Average True Range (or Median True Range if selected)
-Suggested Position Size based off inputted Equity and Stop Loss in USD and BTC (based off current exchange rate)
-The percent of equity to allocate to this trade.
-The distance to the stop loss in units of Quote Currency.
-The percentage of the stop loss distance based off current price.
-The Average True Range Percentage for setting updated stop losses or trailing stops.

Note: To make shifting between assets utilizing USD as the quote currency and assets utilizing BTC as the quote currency, there is an option in the Input Settings to select how many decimals you would like to use. If you are trading a larger USD pair (BTC, ETH, LTC) then select the 2 decimal option, if you are trading an alt-coin, please select 8. This will change the Take Profit, Stop Loss, ATR, and Distance to Stop values accordingly.
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