ARS Strength Index — Indicator by bestnaf

This script is a graphis representation of Gunbot`s addon called ARS.

Small script indicator showing the strength (volatility) of a current selected pair.

Based on % deviation between ATR and baseline SMA(ATR)

Supposed to be used on 1h frame.

Could be used to switch automated trading strategy settings to more save if index grows.

Green zone is calm market
Yellow zone is average
Red is risk zone
Purple is high risk zone (liqudation)

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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