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...
Great Expectations helps traders answer the question: What is possible? It is a powerful question, yet exploration of the unknown always entails risk. A more complete set of questions better suited to traders could be: What opportunity exists from any given point on a chart? What portion of this opportunity can be realistically captured? What risk will be...
The Volatility System was created by J. Welles Wilder, Jr. It first appeared in his seminal masterpiece, "New Concepts in Technical Trading Systems" (1978). He describes the system on pp.23-26, in the chapter discussing the first presentation ever of the "Volatility Index", built using a novel way of calculating a value representing volatility that he named...
This indicator builds on the idea of the Average True Range (ATR) as a way of measuring volatility. It uses two different ATRs to show a shift in market volatility. It is mainly composed of two moving averages of ATR. One fast moving, which looks back at the previous 5 periods. One slow moving, which looks back at the previous 21 periods. Both ATRs have been...
An ATR (Average True Range) can be used to position a trailing stop In this script, the true range of today is calculated based on the low of yesterday in order to be more stable. It only goes up, as a trailing stop should do. It only goes down when the trailing stop is reached by the price.
The calculation of this ATR is based on the low of yesterday in order to not change continuously during the day. You can use this indicator to create a trailing stop taking into account volatility on the nATRPeriod previous days. It also always go up as a trailing stop should. It only goes down the price reaches the trailing stop.
This script uses band passes to normalize Average True Range. A high band pass is used to remove signals greater than the wave_duration period. a low band pass is used to remove signals smaller than the lowerband input
This script normalizes ATR to a Z Score, or a number of standard deviations it is from its long term average, positive or negative.
This is Average True Range indicator, but it is smoothed with Hull MA ( not WMA etc ) It is set to overlay the candles so looks different from normal ATR but i assure you it is ATR Script open so you can see for yourself. perhaps different settings are better, Help me test it, and suggest improvements thankyou
This is a Normalized ATR, which means it displays ATR as a percentage instead of absolute price. For example, a value of 1 indicates a true range of 1% in a given period. This indicator creates a moving average of the volatility of a product going back X number of periods and is useful for deciding what to trade. For example, if used on a daily chart, one...
This is a redesign of the SuperTrend indicator. It removes stupid transitions between SuperTrend states and highlights initial points for both lines. SuperTrend is a moving stop and reversal line based on the volatility (ATR).
The basic update of the ATR as a ratio of the current spot rate.
This model is based on ATR ratio between the high and the low. I add to Super trend that can act as filter or act by its own (setting is 1 and 1 but try to change it to find better outcome) add take profit on 5% Similar to price channel model and don ratio model I use the difference between the high and the low to create the signal The aim of the super trend...
I created this indicator to primarily manually test other indicators in replay mode. To use this indicator generally you will: Select trade type: long or short Enter your ATR (enter the actual ATR). The indicator will then calculate and plot your SL and targets based on your values Default Stop Loss is ATR * 1.5 Default Target 1 is ATR * 1.5 Default...