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Trendoscope

TrendRangeIdentifier V2

Trendoscope Wizard  
Average True Range (ATR) Volatility Trend Analysis
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averagetruerange volatility trendanalysis
This is the enhanced version of TrendRangeIdentifier:

Trend-Range Identifier

Highlights of this version are:

  • Different ATR multiplier used based on trend.
  • Supertrend is used for trend bias for determining which ATR to use on which side
  • Crossover is based on option selected. It can be either high, low or close price which is determined by crossover type selected.

Remaining parameters remain same as that of original indicator.
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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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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