OPEN-SOURCE SCRIPT
Updated ADR in 0.5 / 1 / 3 / 5
top of the morning!
This indicator is a tiny bit different then the previous one i published.
As per my little study into the ATR, i have decided to remove it out of my indicator and instead put in a half an ADR in dollar vallue.
For me, i can use this value to check at what level i would like my stop. The next evolvement of this indicator might be a total new one since i'd be one for a lower timeframe with the 0.5 and 0.3 adr down from current high otd.
Hope you enjoy it,
Peace
This indicator is a tiny bit different then the previous one i published.
As per my little study into the ATR, i have decided to remove it out of my indicator and instead put in a half an ADR in dollar vallue.
For me, i can use this value to check at what level i would like my stop. The next evolvement of this indicator might be a total new one since i'd be one for a lower timeframe with the 0.5 and 0.3 adr down from current high otd.
Hope you enjoy it,
Peace
Release Notes
Fast update, made the font size 1 tick bigger.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.