ATR% Multiple from Key Moving AverageThis script gives signal when the ATR% multiple from any chosen moving average is beyond the configurable threshold value. This indicator quantifies how extended the stock is from a given key moving average.
A lot of traders use ATR% multiple from 10DMA, 21EMA, 50SMA or 200SMA to determine how extended a stock is and accordingly sell partials or exit. By default the indicator takes 50SMA and when the ATR% multiple is greater than 7 then it gives the signal to take partials. You can back test th
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