Average Trading Range Percentage
Average high/low trading range for the current timeframe.
Daily high/low trading range.
טווח ממוצע אמיתי (ATR)
Overall % of ATRThis ATR script is supposed to filter paranormal candles (too small or big) and calculate ATR and percent of average ATR using only average daily candles.
Rosebud Trend [DepthHouse]Rosebud Trend Indicator uses complex range calculations to easily detect trend changes, critical support and resistance levels, and even aid in spotting reversals. The Critical Support & Resistance Zones are plotted via the red and green cloud. This cloud not only visually displays the expected trend direction but often acts as major support and resistance zones. The outer band measures the expected range in which the assets trades within over longer periods of time.
Users can switch the ‘Trend Sensitivity’ between ‘Low’ and ‘High’ to increase or decrease the rate at which the cloud changes.
By altering the S/R Band Thickness users can furthermore increase or decrease the rate at which a trend changes by altering the thickness of the cloud. I prefer to keep these settings at 0.55 , 0.382, or 0.236.
The bar colors are generated by a combination of Rosebuds primary function and our ATR AUTO Oscillator base functions. Users have 3 bar color options to select from: Simple, Complex, and Off .
Simple: Bars colors alternate between shades of red and green based on the trend direction and the ATR Auto strength. Stronger the shade, the stronger the trend.
Complex: This adds a few extra variables to the script which generates a more complex bar color display. Using this option, Rosebud will generate light red bars in a bull trend if downward movement is strong and vice versa in a bear trend. It also will generate a purple bar if the candle successfully closes above or below the Top & Bottom Range Bands; We call this a range break , and it could be an early sign of strong upward or downward movement.
Off: In case you like to keep things even simpler, this option hides all overlay bar colors.
Sample of Complex Bar Colors:
Bull, Bear signals along with Up and Down arrows are too based on a combination of our trend direction and ATR Auto Oscillator calculations.
Users have the option to adjust both bar color, and shape generation settings via:
Smoothed Signal Option: Turns advance smoothing on or off. On will reduce signal noise, while Off could land you that perfect bottom signal with a lower success rate.
Candlestick Length: Default factor for bar color and shape generation, higher the number the fewer signals that will generate.
Candlestick Smoothing: Default smoothing for the Candlestick Length
Signal Lookback: Adjust the factor at which Bull, Bear, Up, and Down. Lower this to 2 for more signals.
Cross Thresholds: The lower this number the easier it is for ‘Bull’, ‘Bear’, and over extended signals to generate; see image below:
*Users also have the option to hide all signal visuals via the 'Shapes' On/Off option.
Users have multiple built in Alerts to choose from:
Bullish Trend Change: When the critical cloud switches to Bullish
Bearish Trend Change: When the critical cloud switches to Bearish
Upper Range Break: When the price action closes above the Range Top
Lower Range Break: When the price action closes below the Range Bottom
Light Bullish Cross: Early bullish signal; also displayed by up arrows by default
Light Bearish Cross: Early bear signal: also displayed by down arrows by default
Verified Bullish Cross: Occurs when a Bull signal is generated.
Verified Bearish Cross: Occurs when a Bear signal is generated.
*Past performance is no guarantee of future results*
Baus BandsThe Baus Bands are a simplified version of another one of my trend following indicators, the Neapolitan Bands. This version only shows the trend trading zones in green and red. An additional 21 EMA with an ATR band was added as part of my own trend trading rules using these bands.
How do I read this indicator?
Is the blue band between and not touching the green or red clouds? The condition is ranging.
Is the blue band touching the green cloud? The condition is a bullish trend.
Is the blue band touching the red cloud? The condition is a bearish trend.
The trend trading rules are exactly the same as the default Neapolitans, but include an extra condition.
A trend has started once 2 conditions are met:
Price has entered either trending cloud.
The 21 EMA ATR band in blue is within the same cloud.
With those conditions met, if you expect the trend to continue, trade pull-backs to the blue band in the direction of the trending cloud.
Isn't this just a 21 EMA trading pull-backs strategy?
No. The 21 EMA alone is not sufficient in my opinion to define a range or trend technically. Always buying the 21 EMA pull-back, especially in a range, is not a great strategy by itself unless you've already identified price as trending. Baus Bands adds that trend identification.
Why make this?
Baus Bands show the conditions I personally use for catching trends and identifying ranges with these indicators, and shows only the information I use.
What's the purpose of the ATR band around the 21 EMA?
Sometimes price will open and close below the 21 EMA and cause some technical analysts will say the trend is over. I added the ATR specifically to get a volatility based, upper and lower bound range around the 21 EMA. that way I have an acceptable price range where price could move past the 21 EMA and still keep a trend valid using similar rules. I then saw that so long this ATR band (not the 21 EMA itself) was touching those trending clouds, then the trend has a good chance of continuing as long as that was true.
Roc & Atr
Roc & Atr Orders
My indicator, where I compare the 20 bar change percentage with the 14 bar atr band, I hope it will be useful to everyone. the green zones can be interpreted as BUY and the red zone as SELL zone. In graphs with high motion and low atr, the channel narrowing can be interpreted as BUY and the channel opening as SELL.
No indicator shows you the right way ... The best way is your own thoughts
ATR Daily Levels Band NakitxuAverage True Range
What Is the Average True Range (ATR)?
The average true range (ATR) is a technical analysis indicator, that measures market volatility by decomposing the entire range of an asset price for that period.
The true range indicator is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close.
The ATR is then a moving average, generally using 14 days, of the true ranges.
This script is an especial request of a TradingView user.
Shows 5 levels based on ATR daily, plotted in wherever timeframe you are using:
level 1: prv day ATR + prv day close
level 2: prv day ATR + prv day high
level 3: level 2 - prv day ATR
level 4: prv day close - prv day ATR
level 5: prv day low - prv day
Only show the levels if you are in a timeframe daily or lower than daily.
Overbought/Oversold BandsThe basis of this script is my "Hybrid Overbought/Oversold Detector" which uses many different oscillators to confirm overbought/oversold conditions. The main idea is to generate higher and lower bands around the desired moving average using an average of the volatility (ATR) and the standard deviation (StDev), of course by interfering detected overbought/oversold condition.
Simply put, the more the asset become overvalued/undervalued, the tighter the channel would be and every breakout of the bands announces a return back into the channel in near future.
By default, the multiplier of the standard deviation in the indicator settings is set to 2 which means only less than 5% of price actions would appear outside the bands. Also the default multiplier of the ATR is set to 3 which leads to some similar result, but to achieve more strict results setting StDev multiplier to 3 and ATR multiplier to 4 would be useful.
The type of the central moving average could be picked up from 6 different types which are:
- SMA (Simple Moving Average)
- EMA (Exponential Moving Average)
- HMA (Hull Moving Average)
- LSMA (Least Squares Moving Average)
- TMA (Triangular Moving Average)
- MAEMA (My Personalized Momentum Adjusted EMA)
The latter one leads to a useful combination of the channel with the momentum.
Also the script has multi-timeframe features and the user could apply calculations from other time frames to the current chart.
Hope the idea would be helpful!
Advanced Average True RangeThis indicator allows you to improve your stop loss placement. It displays two lines based on the ATR ( Average True Range ), an upper line based on the current price + ATR and a lower line based on the current price - ATR. The ATR is multiplied by 2 but you can change this in the indicator settings.
Dziwne MFI Overlay (with highlight)It is simply your traditional MFI , except that your 50 line became the actual price.
Why and how could it be useful? This indicator helps to spot more easily and efficiently divergences .
You could also use it for trend reversals as you usually do with your 50 line, but I would suggest to set a higher length for the MFI, like 155 or something like that.
ATR Stop BandView ATR Stop in a different timeframe, the default timeframe is 1D, the default ATR multiplier is 60%.
upperStop = current high + dayATR * 60%;
lowerStop = current low - dayATR * 60%;
Kagi Implementation (+ATR)My Own Kagi Indicator Implementation!
I couldn't find anywhere on the internet a simple implementation of the Kagi indicator (apart from a seemingly complicated JavaScript implementation).
So I decided to implement it myself and test it against the built-in Kagi indicator calculated by the built-in security function - They ended up exactly the same! (You can see my orange plot completely covers the security's purple plot)
My calculations are based on this article from a site called "euroland", the article is called "Kagi Chart" (I can't post the link because of TradingView restrictions)
Bonus: The built-in kagi indicator uses only Fixed Amount Reversal Size. One that is interested in an ATR Reversal Size can modify the calculation a bit (see script's comments) to easily create and use it.
Some interesting info about the security function I discovered while doing this script:
After I implemented it I noticed that my calculations are the same except the fact that all my values are delayed by 1 bar (relative to the security's indicator). After some research I discovered that the security function uses future data in it's calculation and therefore it cannot be trusted for testing live-trading strategies, unless it is given the appropriate parameters (see script for example).
Have fun trading and don't lose money!
ATR-MSimple ATR with a moving average signal line. Play with the inputs, I suggest making the MA longer than the ATR length for a more reactive outcome. This is a great tool for trend trading!
There are two main uses for this indicator:
1. Filtering out losing trades
- Take trades when the ATR is above the signal line.
2. Identifying trends and slow downs to trends
- Ride trending markets.
- Be weary of the ATR crossing below the signal line, a reversal or pause in the trend is coming.
I'm sure something like this exists on TV but I haven't seen it yet. I'm new to making indicators and trading in general yet this tool looks to eliminate a lot of losing trades my entry indicator took during noisy/dead markets.
I hope this helps somebody out!
ATR For Stop Loss (Overlay)This script is an enhancement of ATR Indicator.
It is used to determine the stop loss position by using the ATR indicator, in conjunction with the low of the candle.
Formula = Stop Loss = Lowest(Lowest Length) - (ATR Multiplier * ATR (Smoothing, Length))
However, the user needs to manually identify the swing low for a better stop loss placement.
Parameter Information :
- Length : Period to calculate the average true range.
- Smoothing : The method used for averaging.
- ATR Multiplier : Multiplier factor to determine the Stop Loss from the lowest reference point. (1 ATR Multiplier means the stop loss would be = Low - ATR)
- Lowest Length : A total number of candle to determine the lowest reference point. (1 means only using the latest candle's low as a lowest reference point)
Have fun and good luck!
ATR PercentAverage True Range in Percent to price
- 2 customizable horizontal line: to be used as custom levels.
ATR SL/TPThis indicator uses the ATR to give areas where the user might want to take profit or set a stop loss.
Forex Risk Buddy - Lite: Position Size, SL & TP System [UTS]Forex Risk Buddy - Lite
Position Size, Stop Loss & Take Profit System
The ultimate system to calculate trading risk on forex markets.
The 'Lite' version is limited to the EUR/USD forex trading pair.
💵 Forex
Position Sizing
De-risk possible drawdown by calculating a proper position size.
Define your risk percent based on your net value
Freely define your account currency
Trade any asset by the customizable Base / Quote currency factor
Calculate trading fees
Show all information on a customizable data screen
Stop Loss
Minimize trade risk by calculating your stop-loss.
Percent, Value and Delta display from current price
ATR based (Average True Range, modifiable)
Custom SL value possible
Adjustable
Two visual representations on chart
Automatically and real-time calculated on screen
Take Profit
Multiple take-profit levels to ensure not giving back to the market.
Up to 3 take profit levels to define
ATR based (Average True Range, modifiable)
Custom TP values possible
Easily customizable
Two visual representations on chart
Automatically and real-time calculated on screen
Currencies
Choose an account currency and calculate your risk for every trading pair.
USD
EUR
GBP
AUD
CAD
CHF
HKD
JPY
NOK
NZD
RUB
SEK
SGD
TRY
ZAR
BTC (crypto)
ETH (crypto)
USDT (crypto)
BUSD (crypto)
USDC (crypto)
Forex Risk Buddy: Position Size, SL & TP System [UTS]Forex Risk Buddy
Position Size, Stop Loss & Take Profit System
The ultimate system to calculate trading risk on forex markets.
💵 Forex
Position Sizing
De-risk possible drawdown by calculating a proper position size.
Define your risk percent based on your net value
Freely define your account currency
Trade any asset by the customizable Base / Quote currency factor
Calculate trading fees
Show all information on a customizable data screen
Stop Loss
Minimize trade risk by calculating your stop-loss.
Percent, Value and Delta display from current price
ATR based (Average True Range, modifiable)
Custom SL value possible
Adjustable
Two visual representations on chart
Automatically and real-time calculated on screen
Take Profit
Multiple take-profit levels to ensure not giving back to the market.
Up to 3 take profit levels to define
ATR based (Average True Range, modifiable)
Custom TP values possible
Easily customizable
Two visual representations on chart
Automatically and real-time calculated on screen
Currencies
Choose an account currency and calculate your risk for every trading pair.
USD
EUR
GBP
AUD
CAD
CHF
HKD
JPY
NOK
NZD
RUB
SEK
SGD
TRY
ZAR
BTC (crypto)
ETH (crypto)
USDT (crypto)
BUSD (crypto)
USDC (crypto)
Crypto Risk Buddy - Lite: Position Size, SL & TP System [UTS]
Crypto Risk Buddy - Lite
Position Size, Stop Loss & Take Profit System
The ultimate system to calculate trading risk on crypto assets.
The 'Lite' version is limited to BTC as base currency.
₿ Cyptocurrencies
Position Sizing
De-risk possible drawdown by calculating a proper position size.
Define your risk percent based on your net value
Freely define your account currency
Trade any asset by the customizable Base / Quote currency factor
Calculate trading fees
Show all information on a customizable data screen
Stop Loss
Minimize trade risk by calculating your stop-loss.
Percent, Value and Delta display from current price
ATR based (Average True Range, modifiable)
Custom SL value possible
Adjustable
Two visual representations on chart
Automatically and real-time calculated on screen
Take Profit
Multiple take-profit levels to ensure not giving back to the market.
Up to 3 take profit levels to define
ATR based (Average True Range, modifiable)
Custom TP values possible
Easily customizable
Two visual representations on chart
Automatically and real-time calculated on screen
Currencies
Choose an account currency and calculate your risk for every trading pair.
USD
EUR
GBP
AUD
CAD
CHF
HKD
JPY
NOK
NZD
RUB
SEK
SGD
TRY
ZAR
BTC (crypto)
ETH (crypto)
USDT (crypto)
BUSD (crypto)
USDC (crypto)
Crypto Risk Buddy: Position Size, SL & TP System [UTS]
Crypto Risk Buddy
Position Size, Stop Loss & Take Profit System
The ultimate system to calculate trading risk on crypto assets.
₿ Cyptocurrencies
Position Sizing
De-risk possible drawdown by calculating a proper position size.
Define your risk percent based on your net value
Freely define your account currency
Trade any asset by the customizable Base / Quote currency factor
Calculate trading fees
Show all information on a customizable data screen
Stop Loss
Minimize trade risk by calculatig your stop-loss.
Percent, Value and Delta display from current price
ATR based (Average True Range, modifiable)
Custom SL value possible
Adjustable
Two visual representations on chart
Automatically and real-time calculated on screen
Take Profit
Multiple take-profit levels to ensure not giving back to the market.
Up to 3 take profit levels to define
ATR based (Average True Range, modifiable)
Custom TP values possible
Easily customizable
Two visual representations on chart
Automatically and real-time calculated on screen
Currencies
Choose an account currency and calculate your risk for every trading pair.
USD
EUR
GBP
AUD
CAD
CHF
HKD
JPY
NOK
NZD
RUB
SEK
SGD
TRY
ZAR
BTC (crypto)
ETH (crypto)
USDT (crypto)
BUSD (crypto)
USDC (crypto)
Normalized Quantitative Qualitative Estimation nQQENormalized version of Quantitative Qualitative Estimation QQE:
Normalized QQE tries to overcome the problems of false signals due to RSI divergences on the original QQE indicator.
The main purpose is to determine and ride the trend as far as possible.
So users can identify:
UPTREND : when nQQE Histogram is GREEN (nQQE is above 10)
DOWNTREND : when nQQE Histogram is RED (nQQE is below -10)
SIDEWAYS: when nQQE Histogram is YELLOW (nQQE is between -10 and 10)
Calculation is very simple;
RSI based QQE oscillates between 0-100
nQQE is simply calculated as:
nQQE=QQE-50
to make the indicator fluctuate around 0 level to get more accurate signals.
Various alarms added.
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