Duyck

ATR Targets - JD

A simple visual representation of ATR trading targets.
The indicator shows ATR targets (TP and SL) from the last swing points (if you entered there)

There is an option to chose targets for a long or short position.


JD .
#NotTradingAdvice #DYOR

I build these indicators for myself and provide them open source, to use for free to use and improve upon,
as I believe the best way to learn is toghether.
הערות שחרור: Changed the entry value to the "close" at the time of the "pivot signal" instead of the pivot value itself, to have more realistic entry and target points.

JD.
הערות שחרור: Added the option to chose between "Average True Range" (ATR) and "Average Pivot Range" (APR) trading targets.

The "APR" or "Average Pivot Range" is an indicator I created that calculates the difference between the highest and the lowest points of the last price swing (the last Pivot Range) and takes an average of that "swing amplitude" over a given lookback period.

The indicator shows ATR targets (TP and SL) from the close of the candle when the swing is detected (to give a realistic entry point)
or, in the case of APR, at the last high or low swing points (to show the likely expected extend of the move to the next swing point).

For the APR, the Average Range is calculated seperately for the 'up" and "down" moves, so the expected up move will be different to an expected down move,
because of that a factor of "1" is recommended for both TP and SL when using APR.

JD.
הערות שחרור: Changed screenshot to APR version

JD.
הערות שחרור: Changed faulty logic in APR targets.

JD.
הערות שחרור: Updated script to separate the zones better.
Thanks to Scarff for the code!!!

JD.
הערות שחרור: Modified the averaging logic and removed errors in target calculations for APR

JD.
הערות שחרור: code cleanup
הערות שחרור: update to v4.
סקריפט קוד פתוח

ברוח TradingView אמיתית, מחבר סקריפט זה פרסם אותו עם קוד פתוח, כך שסוחרים יוכלו להבין ולאמת זאת. הידד למחבר! אתה יכול להשתמש בו בחינם, אך שימוש חוזר בקוד זה בפרסום הנו בכפוף ל כללי הבית . אתה יכול להגדירו כמועדף ולהשתמש בו בגרף.

רוצה להשתמש בסקריפ זה בגרף?
Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.

You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!

תגובות

hello sir
very good script .
I want to communicate with you. Your telegram address is incorrect.
Please announce the Telegram ID.
Thank You
השב
Duyck jebra
@jebra, Hi, strange, I regularly get contacted through my telegram id. in the signature.

Gr, JD.
+1 השב
I guess there's a slight problem with this script Sir.. colour changing not happening and also when we customize and save settings and we open a new chart, the settings revert to default in the new chart.. the new saved settings do not apply to the newly opened chart.. could you kindly look into it please? Many thanks again for this superb piece of work Sir!
השב
Duyck Disciple_Of_Shiva
@Disciple_Of_Shiva, Hi, thanks for the info. I'll have a look to see what I can do.
Gr, JD.
+1 השב
@Duyck, Thank you so much Sir.. have a great day ahead :)
השב
Fantastic work bro!! Many thanks... was looking for something like this for a long time! Beautiful for intraday and otherwise too! God Bless!
השב
DOES IT REPAINTS ?
השב
Several functions can be selected.
this is the ATR based version (TP x 1,SL x 1.5)

this is the APR based version (TP x 1, SL x 1)


The indicator can also be used as a Trailing Stop,
for clarity you can deselect the TP line to use as TS
ATR based

APR based


You can also chose to color the entry, TP and SL bars.
השב
@Duyck, i'm in a deep backtesting fase with this "indicator". Is it possible to change the code so TP also can be uneven numbers? - 1,5 and so on.

Kindly Jonas
השב
Duyck jonasstigmadsen
@jonasstigmadsen, I semm to have looked over that,
just change:

TP_fact=input(1,title="TP factor x ATR/APR")

to

TP_fact=input(1.0,title="TP factor x ATR/APR")

and you should be able to insert decimanl numbers.

Gr,
JD.
השב