█ OVERVIEW This Pine Script calculates a Stop Loss and Take Profit order suggestion based on the Average True Range (ATR). This provides a market generated visual reference for the user to better gauge risk and profit potential for their trades. This is not a trade signal system, it is a tool best used in conjunction with an existing system. ...
"ATR by Time" incorporates time-specific volatility patterns by calculating the Average True Range (ATR) over a customizable period and comparing it to historical ATR values at specific times of the day. The Average True Range (ATR) is a popular technical indicator that measures market volatility by decomposing the entire range of an asset price for that...
This indicator uses lower-timeframe cumulative volume delta (CVD) candles to calculate the Volume True Range (VTR) of your instrument. The VTR is calculated similarly to the traditional true range, but uses volume instead (no price is involved in the calculation other than in the lower timeframe bar delta assignments). I haven't seen this concept developed...
### ATR Price Range Prediction V.2 This script calculates the expected high and low prices for the current day based on the Average True Range (ATR) and displays the proportion of days where the daily range (high - low) is greater than or equal to the ATR. Additionally, the script provides an option to adjust the size of the text displayed in the top-right corner...
Overview This script is designed to generate trading signals based on the Supertrend indicator, a popular technical analysis tool. The Supertrend indicator is used to identify the direction of the market trend and potential reversal points. Supertrend Settings The script uses two sets of Supertrend settings: Small Supertrend Factor: 3.0 ATR Period: 10 ...
Volatility ATR Support and Resistance Bands The “Volatility ATR Support and Resistance Bands” is a trend visualization tool that uses Average True Range (ATR) to create a dynamic channel around price action, adapting to changes in volatility and offering clear trend indicators. The band direction can indicate trend and the lines can indicate support and...
# Custom Trading System Indicator This Pine Script indicator is designed to identify potential trading setups based on a specific set of rules. It's intended for use on lower timeframes (M1-M5) in the forex market, particularly during the New York-London overlap period. ## Key Features 1. **EMA Condition**: Uses a 20-period Exponential Moving Average (EMA) to...
The KATR indicator enhances the traditional ATR by leveraging the most common candle body percentage range, tailoring volatility measurement to specific market contexts. This advanced tool provides more relevant insights tailored to current market conditions. Key Features: Configurable ATR Length : Allows users to set the period for the ATR calculation,...
This Pine Script, titled "Daily ATR & Movement %," is designed for traders looking to gauge volatility and price movements relative to that volatility directly on their trading chart. The script calculates and displays the Average True Range (ATR) over a 14-day period using daily data, alongside the percentage movement of the current price from the previous day's...
GERMAN: Schnelle Zusammenfassung: Dieses Skript basiert auf dem ATR-Indikator und wurde so angepasst, dass sowohl relative (%) als auch absolute Zahlen angezeigt werden. Es bietet eine Darstellung des ATR in absoluten und prozentualen Werten sowie multipliziert mit den Faktoren x2, x2.5 und x3. Diese Darstellung erleichtert die Festlegung von Stop-Kursen,...
Introduction This publication introduces the " Fibonacci Retracement Trend Reversal Strategy, " tailored for traders aiming to leverage shifts in market momentum through advanced trend analysis and risk management techniques. This strategy is designed to pinpoint potential reversal points, optimizing trading opportunities. Overview The strategy leverages...
The Long Bar Highlighter is designed to detect long bars that exhibit significant price expansion beyond recent price levels. It highlights bars that exceed the length of the previous four bars, marking them for their potential importance in market movements. Additionally, the indicator plots directional shapes based on the closing prices, which helps traders...
Overview The swing indicator is designed to offer traders a comprehensive analysis of market trends and volatility by integrating Bollinger Bands and the Average True Range (ATR). It aids in the visualization of price movements and volatility across multiple time frames, thereby providing insights into potential buy and sell opportunities. Key Features - ...
🔶 Description: The "Range Finder " indicator aims at identifying and visualizing price ranges within a specified number of candles. By utilizing the Average True Range (ATR) indicator and Simple Moving Average (SMA), it detects potential breakout conditions and tracks consecutive candles that remain within the breakout range. This indicator offers flexibility...
(OVERVIEW) The typical ZigZag indicator, which connects pivot points (see TradingView's Help Center regarding their indicator Pivot Points High Low, for an in depth explanation on how they are calculated) with lines, except instead of a percentage threshold, it uses ATR which adjusts for volatility of the ticker you are viewing. The ZigZag indicator can...
This Pine Script code is a TradingView study script titled "SVMKR_UT_Bot_HMA_UCS_LRS". It combines two separate trading indicators: the UT Bot (Ultimate Trailing Stop Bot) and the UCS_LRS (Linear Regression Slope) indicator. UT Bot (Ultimate Trailing Stop Bot): The UT Bot is designed to provide buy and sell signals based on a trailing stop strategy. It...
Introduction This indicator uses a novel combination of ATR Bands, candle wicks crossing the ATR upper and lower bands, and baseline, and combines them with the Stochastic SRSI oscillator to provide early BUY and SELL signals in uptrends, downtrends, and in ranging price conditions. How it’s unique People generally understand Bollinger Bands and Keltner...
Shadow Range Index (SRI) introduces a new concept to calculate momentum, shadow range. What is range? Traditionally, True Range (TR) is the current high minus the current low of each bar in the timeframe. This is often used successfully on its own in indicators, or as a moving average in ATR (Average True Range). To calculate range, SRI uses an innovative...