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animecummer
Apr 15, 2022 9:37 PM

Average True Range (VStop) Guppy 

Bitcoin / United States DollarCoinbase

Description

This script allows Volatility Stop, an average true range-based indicator, to be plotted like a "Guppy" multiple moving average indicator. Backtesting results seem pretty good when a solid majority of the lines are in agreement.

Of course, as is customary with my scripts, the user can select the length, source, and multiple for any of the ATR lines plotted and customize the visuals how they want.

Value added:
  • As far as I know, there aren't any ATR-based indicators that quite do this -- setting up a "Guppy" actually seems to help quite a lot with seeing the overall big picture & capturing the meat of a trend.

Release Notes

adjusted default values
Comments
CodyMaki
this is pretty sweet can this be an exit indicator as well
shmaiz
really clever. thanks
leandrolucato
Very cool idea!
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