ATR Channels help you to identify where to place your stop-loss or trailing stop-loss based on price volatility, according to the Average True Range (ATR).
This has been a long time coming for me. I need to clean it up and add inputs for others to customize it that's why its protected. This is configured for US securities. Goal: Signal when to enter a trade on either side Method: ATR and 2 RSI signals using: 3 Minute Chart Resolution MUST have an active (can be hidden) BUILT-IN ATR ; length = 4 and set...
Hey everyone this is an exciting new script I have prepared for you. I was reading an old forex bulletin article some time ago when I came across this: solar.murty.net (or you can download the full bulletin with lots of other good articles here: www.forexfactory.com). You can already buy this for metatrader (www.mql5.com) so I figured to make it for free for...
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 is a redesign of the built-in Parabolic SAR indicator. I added a proper input system, an option to highlight initial points for both lines and an option to choose points width. So, customize it as you want. Parabolic SAR was originally developed by J. Welles Wilder and described in his book "New Concepts in Technical Trading Systems" (1978). It is a...
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).
(Made on XBT/USD 4h Bitmex) This strategy is a first attempt to countertrade the false break of a key support/resistance. If a candle breaks the level, but it comes back before close, it will trigger an order. The Stop Loss is in %, the Take Profit is near the EMA. There is a "volatility filter" to block orders when the price is near the EMA and a coefficient to...
This the last tool I was working on for quite few weeks now. finally got it working. It's the only tool in my tool set that you can tweak how it looks because you can use three instances to show short length, medium length and long length trailing stops. These trailing stops also can be used as support / resistance zones if you desire too. Don't ask for getting...
This indicator takes the average of a series of ATR to calculate what I would consider an optimum stop loss placement represented in percentage (read below for full overview). While the data is plotted what is most helpful are the actual numbers presented. This indicator is most helpful on the daily timeframe but can be used for all timeframes such as the 4HR or...
This script is a combination of useful overlay indicators that can be used for day trading or swing trading. You can use it for long term positions as well, but some tweaking may be required. I also added the multi time frame possibility for the majority of settings. This indicator gives you a lot of opportunities and trade setups. Default settings are made for...
Fixed Script only showing Daily Stop Loss. Now will show stop loss based on the resolution of the chart you are on, i.e. 1 min, 5 min, 15 min, 1 h, 4 h, 1 d, 1 w, 1 month, etc...
This is the separation of moving average parts from NeoIchi indicator with addition of four different ATR setting that can be used for Stop Loss and Trailing Stops. The NeoIchi indicator won't have any moving averages any more, the code is secured but every one have access to use this indicator on their charts.