OPEN-SOURCE SCRIPT

Roc & Atr


Roc & Atr Orders

My indicator, where I compare the 20 bar change percentage with the 14 bar atr band, I hope it will be useful to everyone. the green zones can be interpreted as BUY and the red zone as SELL zone. In graphs with high motion and low atr, the channel narrowing can be interpreted as BUY and the channel opening as SELL.

No indicator shows you the right way ... The best way is your own thoughts
ATRAverage True Range (ATR)Bollinger Bands (BB)corssovercrossovercrossunderRate of Change (ROC)ROCsignals

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.

Want to use this script on a chart?


Also on:

Disclaimer