ATR-ranged Donch on 15min

// This is a simple Mean Reversion & Breakout Indicator.
// A Donchian Channel is plotted. A threshold equal to 0.25 of Daily ATR.
// If price reverses from this threshold, then it can be taken as possible Mean Reversion.
// If price crosses the previous Donchian levels, it can be taken as a possible breakout.
// Typical of such strategy is the whipsaw effect when price movement is just flat.
// I have marked the region where the lower and higher thresholds are closer to be an indicative of whipsaw.
// But it is not really effective to avoid whipsaw.
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A simple Mean Reversion & Breakout Indicator. But, needs a better parameters to identify (predict?) whipsaw regions. Any ideas are welcome.
Unbaam Masa_1234
@Masa_1234, Good indicator. Thanks. Daily pivot movement is one decent indicator for ranging / trending market filter. Trending markets, the gap between pivots grows and vice versa on ranging.
@Unbaam, I am glad that you are finding it useful. Thanks for the good words.
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