ATR Trailing Stop by ceyhunSame coding only coloring and information panel was added.
CDC ATR Trailing Stop V2.1 (2013)
//Barcolor
Green = Trail1 > Trail2 and close > Trail2 and low > Trail2
Blue = Trail1 > Trail2 and close > Trail2 and low < Trail2
Red = Trail2 > Trail1 and close < Trail2 and high < Trail2
Yellow = Trail2 > Trail1 and close < Trail2 and high > Trail2
//It gives White color where there is deterioration.
//InfoPanel
Buy Price = Blue draws the circles at the purchase price.
Profit Long>20 = Risk level taken as a percentage, I got the highest 20%, you can determine as you wish.
Sell Price = Red draws the circles at the purchase price.
Profit Short>20 = Risk level taken as a percentage, I got the highest 20%, you can determine as you wish.
ATR
ATR _NormalizedThis script is good to use with Williams %R indicator, to find out when price has bottomed out.
ATR has to be over 90 and Williams %R ( lenght 52 ) has to be over 95 to find out level around which one is good to buy.
You can check back, to see that this worked very well over history. Best way to use this 2 indicators is with DCA ( dollar cost average ), as area where to buy can go a little bit down and up for as long as few months. So dont just jump in, use DCA .
Fear And Greed IndicatorThe Fear And Greed Indicator is a very popular indicator on the Bloomberg platform and since I didn't have actual source code to work with, this is a very close approximation of that indicator. Let me know if you spot any discrepancies with the original and I will do my best to fix them.
For buy and sell signals it is pretty straightforward. Just buy when the green (greed) is in control and sell when the fear (red) is in control
This was a special request so let me know if you want to see more scripts from me or if you want something custom!
Sicko Mode v3.0The goal of this indicator is to determine when volatility is trending in a specific direction.
This indicator leverages the ATR over a certain metric where the exterior lines represent X amount of ATRs from the open of a consecutive candle sequence and X ATRs from the swing low or swing high over a period of X candles.
The up and down arrows represent a break of these support and resistance lines where both lines are breached in a 5 candle period.
For best results please use with the current trending time frame as that is when ATR is most relevant.
PM us to obtain access or use the contact information provided in my signature field in the link below.
BKN ATR Trading RangeThis script allows you to view ATR extremes based on the open of the candle. Average True Range gives you the average move of an asset during a period of time. If you're viewing the Daily timeframe , The Average True Range represents the average size of a move that occurs in a one day timespan over the specified period. Reaching the upper or lower boundary could signify that a trend is reaching exhaustion as the asset is reaching it's expected move for the period.
You can manually set a timeframe to use for the ATR value. By default, we are viewing a Daily timeframe . For lower timeframe trading you may want to look at the hourly or four hour ATR range.
GODMODE GUPPY ATRThis script includes volatility calibrated ATR ( Average True Range )
features :
* Custom time intervals for ATR
( example you can use 45 min ATR on any time frame for swing plays & you can use 15 min ATR on lower time frames like 15 min for scalping )
* Smooth Guppy : helps to understand support and resistance also helps to understand trend direction ( Red is bearish trend & Blue is bullish trend )
* Triangle shapes : Triangle shapes are extra confirmation for trend changing
HOW TO USE :
"BULL" signal is a bullish breakout
&
"BEAR" signal is a bearish breakdown
Stops above or below ATR as per the signal
Guppy shows trend direction
So,
when guppy is blue longs are profitable
and when red shorts are profitable
Buy/Sell on the candle close confirmation of signal is set on candle close
For access DM
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ATR By Time [Chart]What is ATR By Time (Chart)?
This premium indicator is a companion script to my ATR By Time indicator.
This companion script draws your stop loss price to the chart directly. In the above example, the black line represents a regular 1x ATR stop loss above and below price action, while the colored lines are the 1x ATR By Time indicator values when set to use the "Smallest ATR" in the settings menu.
When set to "Smallest ATR", the script calculates the regular ATR and the ATR By Time of Day and compares the distance of the two values. It then selects whichever value is smaller to be used as the stop loss, and adds or subtracts it to the most recent swing high or low (or the closing price if desired).
This allows for tighter stops and larger position sizing during certain times of day for aggressive traders when set to Smallest ATR, or wider stop losses during more volatile periods of the day for conservative traders when set to Largest ATR.
Stop Loss Distance Options:
- Regular ATR
- ATR By Time
- Smallest ATR
- Largest ATR
More Information
Similar to my RVOL By Time indicator, the ATR By Time indicator works on any market that has consistent trading session lengths . So it works best on Forex & Crypto, but also works on some Stock and Futures markets.
Instead of calculating the ATR based on recent price data like the regular ATR indicator, it calculates an ATR value for each candle based on that candle’s time of day .
For example, if you set the Lookback setting on this indicator to 14, then instead of calculating the ATR based on the past 14 candles, it will calculate an ATR value based on the past 14 trading sessions for each candle (as an average).
So in other words, your 10:00AM candle will show the average of the past 14 10:00AM candles rather than the past 14 candles leading up to that 10:00AM candle.
This is extremely useful for day traders in particular as it allows you to gauge the average range of candles during certain times of day instead of only by the most recent price action.
It also draws a regular ATR (optional) – so this is essentially an enhanced ATR script that gives you multiple readings on price volatility.
If you are interested in trying the script or you want more information on how the script works, there is more information available on my website including instructions on how to apply for a free trial: ATR By Time Feature Page .
Good luck with your trading!
Volume_ATR_HistricalVolatilityCompare Volume, ATR, Historical Volatility in same axis. (percentage last 1000)
Wick SniperThis indicator is free to all Oasis Trading Group members.
The Wick Sniper was created to catch volatile moves that are extended from the mean. It uses an advanced ATR formula to follow price like a band, with an upper deviation and a lower deviation. I have also added a 1 candle offset so that the moves are not in "hindsight". Feel free to experiment with the inputs to find what is best for your asset.
For Access or Questions: Private message us. Thank you.
Celasor Normalized ATR with Williams %RNormalized Average True Range combined with Williams %R - Celasor 04/2020.
Indicator can be used for identifying potential market bottoms with the following criteria: Normalized ATR is above 80% and Williams %R is below -80.
This script combines both indicators and displays bars to mark where conditions are met. Future updates may include selectable smoothing.
Show ATR and 1st hour high+low1. Shows TR at daily bars
2. Shows ATR lines intraday: 100% and 75% (customizable)
3. Shows hint with ATR for current day and percent passed
4. Show high and low of the 1st hour
Channel ATR1 - What is the Channel ATR indicator
This is an envelope indicator (like the Bollinger bands indicator) used to evaluate how much the price diverge from it's moving average.
This indicator can be used as a system on it's own. I recommend to use it when the market goes side way, although, you can also use it when the market is trending.
What makes this indicator so relevant and reliable ? The use of the ATR to build the envelope. Read below if you wan to know more.
2 - How is the Channel ATR computed
The main component is an EMA. The envelope is made of 3 layers, each is the Average True Range, plot at a multiple distance from the EMA (1*EMA, 2*EMA, 3*EMA) . If you don't know what is the ATR, it's basically a measure of the volatility (you can read more about it here ).
Each layer of the envelope is a multiple of the measure of the volatility. Let's see how to use it.
3 - How to use the Channel ATR indicator
You can use this indicator in different strategies :
- Return to the mean: When the price goes out of the envelope, it's an excess of the market. You can take advantage of this by betting to a return to the EMA value.
- Trend following : If the market is tending, you can buy/sell when the price touch the EMA and place a target at another level in the envelope.
- Stop loss: Since each envelope layer is built from the ATR (i.e. the volatility), you can use it to place your stop at least at 1 ATR from your entry, to not be hit by the market noise.
- Find your own way : The Channel ATR is a very rich and powerful indicator, you can try to built your own trading system on the top of it.
Twin Range FilterAn experiment to combine two range filters and plot the average of both to smooth out the signals.
This works significantly better than the typical ATR set-up, but there's still too much noise here to set and forget with bots. Use it as the basis of your own system with additional filtering on top.
ATR %Displays ATR percentage with 2SD. When value is greater than 12% I consider the stock as highly volatile
Long Wick TrialI've created this as a confirmation indicator to help know when market conditions are favorable to enter a trade. It measures volume, volatility, and ATR. It is not intended to tell you when to enter/exit the market, but use it with another indicator such as the mirror macd to filter out many losses and avoid entering the market during low volume or excessive volatility that may trip your stop loss.
Green = Favorable Market conditions
Yellow = Enter with caution, the market is moving sideways but is slightly trending
Orange = Enter with caution, the market is trending but extremely volatile and may trip stop loss early
Black = Shouldn't enter market here, market is moving sideways and volume is also low.
MACD/ATRThis indicator is a restricted MACD .
I reached this with a little trick: I devided it by ATR . This way it is most of the time inside the -1..1 range. It depends on the length of the ATR's period. If it is greater, the probability of outliers is greater.
With this indicator you can use cerain levels of MACD and its histogram as a trigger.
Share with me if you found it useful.
[mya] ATR FilteredATR Filtered for NNFX trading.
A classic Average True Range (ATR) indicator with a simple feature to filter out the spikes.
The ATR value is the tool to determine your TP and SL on daily time-frame, specifically in the NNFX way of trading.
VP mentions in his podcast that when the ATR spikes up you have 2 options: 1. wait 14 candles for the ATR to normalize, 2. use the ATR value prior to the spike.
ATR spikes are easy to spot (thus easy to exclude) for an itraday flash crash.
On the other hand when volatility increases over several candles (as in the Covid-19 shock) it can be difficult to determine which ATR value to base your TP/SL on.
In definition of standard deviation, 95.4% of the value will fall within the 2 sigma bands. Therefore the rest 4.6% can be filtered out as an extreme value (a spike).
The ATR in this indicator will plot the standard ATR value in normal condition, then when the ATR spike happens it will stay at the highest value at the point, when the ATR exceeded its 2 sigma band.
The filtering will reset when the ATR comes back down below the extended highest value.
*Disclaimer: Use at your own risk. I am not a programmer, just another guy trying to beat this game. Let's go get it.
BEST ATR Stop Multiple StrategyHello traders
Here we go again.... with another strategy snippet.
Reminder: it's an alternative of this Trailing Stop strategy script
Entry logic
The entry is based on a Simple Moving Averages (SMA) cross.
This part doesn't matter here - as I wanted to focus on the ATR multiple stop loss component.
ATR STOP
This strategy snippet uses an entry stop loss defined based on a multiple of the average true range value.
The soure code detects ATR value at entry price, applies the multiplier and will set a static (= non trailing) stop-loss to each position
A pinescript v4 label will appear for each new signal displaying the ATR*multiplier value at signal time
All the BEST
Dave
Lancelot Volatility Volume DeltaThis indicator calculate the delta of the volatility adjusted on-balance volume.
This could be use as a filter or trigger in a system.
Chonky ATR LevelsChoose any custom ATR settings (smoothing, period, time frame, lookback)
and project daily high/low with current daily high/low values
[JOHN] KR SCALPERHello this is KR SCALPER indicator. (work on crypto market)
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How this indicator work?
KR SCALPER script work with bollinger bands, price volatility and ATR (average true range).
This system provide
- HIGH QUALITY BUY/SELL Signals with a reasonable ROI.
- DIPS noted on chart with "DIP" TEXT, thanks to the use of bbands parameters.
- Work in cryptocurrency market, tested with top 10 coins, with good results.
- Tested on LTF (from 5m to 1h), work even on 4h, 1d.
How use it?
Indicator is setup for cryptocurrency. You can long and short by following the indications below:
GREEN LABEL = LONG
RED LABEL = SHORT
DIP noted on chart
This system write on chart with "DIP" text whenever a decrease of price/selloff occour, usually a good place to make attention if you are looking for a trade.
This is possible with the use of Bbands that helped me on this add.
Below some timeframes examples.
5 minute chart
15 minute chart
1H timeframe chart
4H timeframe chart
Below ETH USD 4H timeframe chart for reference.
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I hope you like and enjoy.
Good trading traders!
[HM] VWAP Envelope dinamic intraday v1- VWAP, volume weighted average price;
- Plus Envelope bands:
1) Dinamic, adjusted by volatility:
- - - daily ATR or
- - - daily Standard Deviation
2) or simple fixed % increments bands, defined by user.
# Intraday timeframe only.
# If volume data is absent, the indicator will not work at all.
Hope this could help the community.
