OPEN-SOURCE SCRIPT
WAHIDAL ATR
This TradingView script calculates the Average True Range (ATR) and uses it to determine a stop percentage based on a user-defined multiplier. The ATR is a popular volatility indicator that measures the degree of price movement over a given period, providing insight into market volatility.
Key Features:
ATR Calculation:
The script calculates the Average True Range over a specified period (default is 14 days).
It calculates the ATR as a percentage of the opening price, offering a normalized measure of volatility.
Stop Percentage:
The script then multiplies the ATR percentage by a user-defined multiplier to compute a stop percentage. This is useful for setting dynamic stop-loss levels based on market volatility.
Customizable Inputs:
Users can customize the ATR period length and the multiplier to tailor the indicator to their specific trading strategy.
Visual Outputs:
The ATR percentage is plotted in orange, while the stop percentage is plotted in red, providing a clear visual representation of both metrics on the chart.
This indicator is useful for traders looking to assess market volatility and establish stop-loss levels that adapt to changing market conditions.
Key Features:
ATR Calculation:
The script calculates the Average True Range over a specified period (default is 14 days).
It calculates the ATR as a percentage of the opening price, offering a normalized measure of volatility.
Stop Percentage:
The script then multiplies the ATR percentage by a user-defined multiplier to compute a stop percentage. This is useful for setting dynamic stop-loss levels based on market volatility.
Customizable Inputs:
Users can customize the ATR period length and the multiplier to tailor the indicator to their specific trading strategy.
Visual Outputs:
The ATR percentage is plotted in orange, while the stop percentage is plotted in red, providing a clear visual representation of both metrics on the chart.
This indicator is useful for traders looking to assess market volatility and establish stop-loss levels that adapt to changing market conditions.
סקריפט קוד פתוח
ברוח TradingView אמיתית, מחבר הסקריפט הזה פרסם אותו בקוד פתוח, כך שסוחרים יוכלו להבין ולאמת אותו. כל הכבוד למחבר! אתה יכול להשתמש בו בחינם, אבל השימוש החוזר בקוד זה בפרסום כפוף לכללי הבית. אתה יכול להכניס אותו למועדפים כדי להשתמש בו בגרף.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.