OPEN-SOURCE SCRIPT
ATR with Impulse Alerts
Updated
This is a very simple script which simply plots an ATR (the built-in ATR function, using RMA) and plots a cross when the previously closed bar is larger than the ATR by a given threshold. There are also alert conditions set so you can be alerted when these impulse bars show up, either up or down bars. Have fun and safe trading!
Release Notes
Update: I also added a plot for the actual range of each bar since I found myself calculating it occasionally.Release Notes
Reordered plots.Release Notes
Several updates to the format and visibility of the indicator.Release Notes
Added a minimum size setting for the impulse move bars.Release Notes
Added the option to adjust the filter by another ATR multiplier rather than flat values so it works across more assets.Release Notes
Added an alertcondition that captures both up and down moves so alerts can be set that don't use as many alert slots if used on multiple instruments.Release Notes
Updated to v5 and added a multiplier for easily using with other indicators for SL/TP.Release Notes
Updated to plot the multiplied ATR. Oops.Release Notes
Minor updates; will need to rollback some of these updates at a later point. Trying to plot the numerics without visually updating it as it squashes the plots.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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