This script plots the daily Average True Range lines low and high for each day. Even when using a lower interval it will continue to plot daily lines. Some traders find this helpful for day trading and consider these as Support and Resistance. For me I use it to see the reasonable move within a day so I can sell options against, I don't necesarily consider them...
See source code comments for details on difference.
The mult is the number of standard deviations to observe.
ATR true range with SMA, trend become when ATR crossover SMA
KaseDev Stops implementation for Trendstone The Kase DevStops are based on volatility, using TrueRange as a proxy. The major shortcoming of fixed-value trailing stops is in determining what value to use. Many new traders are advised to risk what they can afford. This is like a Gloucester fisherman standing on a bluff overlooking a raging windtossed ocean and...
Indicator make histogram from difference of: - classic ATR (default period - 14) - Simple Moving Average (default period - 100) to this ATR. Histogram colored (green when >0, red <0). Volatility increase signal - histogram crosses the zero line. For greater visibility, a colored variable moving average (variable SMA for histogram) was added (green when...
The code in this post contains a set of default strategy inputs I use in new projects / backtests in Tradingview. Full code commentary is available on the Backtest-Rookies website. To comply with house rules, I cannot post the direct link here. Features Trade Direction: So that you can limit the strategy for long only, short only or trade in both...
Plots the upper and lower average true range away from the previous days close on all time frames.
Calculates and shows a percentage of the Average True Range. Default is 120% ATR.
This script is designed to aid in back-testing and trade execution. It displays three sets of values - the teal colored value is the current ATR, the green colored value is your stop loss distance (in pips) below the most recent swing low for long trades , and the red colored value is your stop loss distance (in pips) above the most recent swing high for short...
Simulation of Gunbot PingPong strategy useful for fine tuning settings and backtesting. First load the instrument and chart period you are wanting to trade and note the general low and high prices. You will need these for "dialing in" your PingPong Buy and Sell prices once you load the indicator. Defaults are set for current USDT-BTC prices. In Pine Editor ->...
Creator: Andrew Palladino Date: 10/22/2017 Strategy Name: Pattern Classifier System. Description: The strategy automatically classifies common price patterns using price fractals an trades them with an ATR based risk management strategy. The following patterns are currently supported: Symmetrical Triangle Breakout Long or Short Ascending Triangle Long ...
Determining Buy/Sell Entries by Crossover of two CCI and Wave analysis by ATR.
Great if you want to see a shift in trend or want to ride long/ short positions longer. Green/ Yellow - indicate upper range. Red/ Orange - indicate lower range. Study the graph with this indicator and you learn more.
This indicator is designed to be used with the rules of Steven Hart's Aggressive Pullback Strategy. It is intended for use on the 4-hour timeframe of certain currency pairs, but will work on all timeframes and instruments. The rules are customizable, but the default settings are designed to reflect the rules of Steven's pullback strategy as closely as possible. ...