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Average True Range (ATR)

ATR Stop Loss and Take Profit FinderThe purpose of this tool is to help the trader determine a safe stop loss price and take profit which dynamically changes due to ATR (Average True Range) This tool uses the concept of ATR (Average True Range) Risk Reward Ratio (Money Management method) How is ATR Stop Loss and Take Profit Finder working Step 1 ) Tool will calculate TR(True Range Step 2) Then the TR will be used to find the Average value of X time frame, using 5 math models: RMA SMA EMA WMA and LSMA Step 3) The value from Step 2 will be multiplied by the factor, and the result is ATR After we got ATR Value, the Tool will find 2 lines: Upper Band and Lower Band which will function as a Stoploss value for both Short and Long trade ATR Stop Loss and Take Profit Finder will be using Upper Band and Lower Band to calculate Take profit price. A trader can set their Target Risk Reward Ratio by setting How to use ATR Stop Loss and Take Profit Finder ATR Stop Loss and Take Profit Finder is not an indicator, it is only a tool to help the trader quickly find their stop loss/take profit price. t For open long position, We comment trade to switch mode of 'Type of open Position to be long. Same as short which is need to be changed to short
Pine Script™ indicator
by Pornnarong
7
Normalized Velocity [Loxx]Velocity (which is often called a "smoother momentum" since it is much smoother than momentum without lagging at all) with an addition of ATR normalization Since velocity is (even when normalization is applied) is not an indicator with fixed bounds, this indicator is uses floating levels for what is usually called overbought and oversold levels (+ a floating "zero" line is added). Something that would look like a "fixed levels" is easily achieved if you use long floating levels period in which case those levels are quite similar to fixed levels. This indicator can be used like any momentum indicator (in that case recommended coloring mode is to use either slope coloring or "zero" middle level crossing coloring) or it can be used as a "trending" indicator in which case it is better to use coloring on outer level cross, and longer calculation periods are advised in that case. Included: Bar coloring 3 signal variations w/ alerts Loxx's Expanded Source Types Alerts
Pine Script™ indicator
by loxx
ATR Trend Bands [Misu]█ This indicator shows an upper and lower band based on price action and ATR (Average True Range) The average true range (ATR) is a market volatility indicator used in technical analysis. █ Usages: The purpose of this indicator is to identify changes in trends and price action.  It is mainly used to identify breaking points and trend reversals.  But it can also be used to show resistance or support levels. █ Features: > Buy & Sell Alerts > Buy & Sell Labels > Color Bars > Show Bands █ Parameters: Length: Length is used to calculate ATR. Atr Multiplier: A factor used to balance the impact of the ATR on the Trend Bands calculation.
Pine Script™ indicator
by Fontiramisu
9
SuperTrend Entry(My goal creating this indicator) : Provide a way to enter the market systematically, automatically create Stop Loss Levels and Take Profit Levels, and provide the position size of each entry based on a fix Percentage of the traders account. The Underlying Concept : What is Momentum? The Momentum shown is derived from a Mathematical Formula, SUPERTREND. When price closes above Supertrend Its bullish Momentum when its below Supertrend its Bearish Momentum. This indicator scans for candle closes on the current chart and when there is a shift in momentum (price closes below or above SUPERTREND) it notifies the trader with a Bar Color change. Technical Inputs - If you want to optimize the rate of signals to better fit your trading plan you would change the Factor input and ATR Length input. Increase factor and ATR Length to decrease the frequency of signals and decrease the Factor and ATR Length to increase the frequency of signals. Quick TIP! : You can Sync all VFX SuperTrend Indicators together! All VFX SuperTrend indicators display unique information but its all derived from that same Momentum Formula. Keep the Factor input and ATR Length the same on other VFX SuperTrend indicators to have them operating on the same data. Display Inputs - The indicator has a candle overlay option you can toggle ON or OFF. If toggled ON the candles color will represent the momentum of your current chart ( bullish or bearish Momentum) your able to change the colors that represent bullish or bearish to your preference - You can toggle on which shows the exact candle momentum switched sides your able to change the colors that represent a bullish switch or bearish switch to your preference - The trader can specify which point you would like your stop loss to reference. (Low and High) Which uses the Low of the Momentum signal as the reference for your Stop Loss during buy signals and the High as the reference during sell signals. Or (Lowest Close and Highest Close) which uses the Lowest Close of the Momentum signal as the reference for your Stop Loss during buys and the Highest Close as the reference during sells. - The colors that represent your Stop Loses and Take Profits can also be changed Risk Management Inputs - Your Risk MANAGMENT section is used to set up how your Stop Loss and Take Profit are calculated - You have the option to take in account Volatility when calculating your Stop Loss. A adjusted ATR formula is used to achieve this. Increase Stop Loss Multiplier from 0 to widen stops. - Increase Take Profit Multiplier from 0 to access visual Take Profit Levels based on your Stop Loss. This will be important for traders that Prefer trading using risk rewards. For Example: If the the Take Profit Multiplier is 3 a Take Profit level 3 times the size or your stop loss from your entry will be shown and a price number corresponding to that Take Profit Level becomes available. - Enter your current Account size, Bet Percentage and Fixed Spread to get your Position Size for each trade -Toggle on the Current Trade Chart and easily get the size of your Position and the exact price of your Take Profit and Stop Loss. You can increase the Size of the Current Trade Chart= Tiny, Small, Normal, Large, Huge and change the Position of the Current trade Chart to your preference, (Top- Right, Center, Left) (Middle- Right, Center, Left) (Bottom- Right, Center, Left). How it can be used ? - Enter Trades and always know where your stop is going to be - Eliminate the need to manual calculate Position Size - Get a consistent view of the current charts momentum - Systematical enter trades - Reduce information overload
Pine Script™ indicator
by Who7is7Like7God
3
The Killer Whale - Multiple Keltner Channels by JoeFinally, after centuries of pain and suffering, the good townsfolk of TradingView have been given a single Keltner Channel indicator that will grant them FREE access to MORE THAN ONE Keltner Channel. With "The Killer Whale" indicator, Joe has once again saved all the peasants—those who cannot add 10,000 indicators to our charts—from the dirty tyrants who arrogantly rule over us with disdain. And, now, not only can you have more than one Keltner Channel with this single indicator, but you can have UP TO FOUR! For FREE! Yes, I know, it seems too good to be true. But, install and enjoy your newfound freedom! Options: Keltner Channel length and source Multiplication Factor for each channel SMA or EMA ATR Length Border and fill colors for each channel Now, go, therefore, and Keltner to your heart's content. May The Killer Whale be with your charts forever!
Pine Script™ indicator
by crypto-with-joe
15
SSL + Wave Trend StrategyStrategy incorporates the following features: Risk management: Configurable X% loss per stop loss Configurable R:R ratio Trade entry: Based on strategy conditions below Trade exit: Based on strategy conditions below Backtesting: Configurable backtesting range by date Trade drawings: Each entry condition indicator can be turned on and off TP/SL boxes drawn for all trades. Can be turned on and off Trade exit information labels. Can be turned on and off NOTE: Trade drawings will only be applicable when using overlay strategies Alerting: Alerts on LONG and SHORT trade entries Debugging: Includes section with useful debugging techniques Strategy conditions Trade entry: LONG C1: SSL Hybrid baseline is BLUE C2: SSL Channel crosses up (green above red) C3: Wave Trend crosses up (represented by pink candle body) C4: Entry candle height is not greater than configured threshold C5: Entry candle is inside Keltner Channel (wicks or body depending on configuration) C6: Take Profit target does not touch EMA (represents resistance) SHORT C1: SSL Hybrid baseline is RED C2: SSL Channel crosses down (red above green) C3: Wave Trend crosses down (represented by orange candle body) C4: Entry candle height is not greater than configured threshold C5: Entry candle is inside Keltner Channel (wicks or body depending on configuration) C6: Take Profit target does not touch EMA (represents support) Trade exit: Stop Loss: Size configurable with NNFX ATR multiplier Take Profit: Calculated from Stop Loss using R:R ratio Credits Strategy is based on the YouTube video "This Unique Strategy Made 47% Profit in 2.5 Months " by TradeSmart. It combines the following indicators to determine trade entry/exit conditions: Wave Trend: Indicator: WaveTrend Oscillator by @LazyBear SSL Channel: SSL channel by @ErwinBeckers SSL Hybrid: SSL Hybrid by @Mihkel00 Keltner Channels: Keltner Channels Bands by @ceyhun Candle Height: Candle Height in Percentage - Columns by @FreeReveller NNFX ATR: NNFX ATR by @sueun123
Pine Script™ strategy
by kevinmck100
7
Candle Info by MontyThis indicator was made to help my friend. This indicator basically calculates the MOVE in percentage and shows the OHLC of candle in a label. -> Panel Index: How much index you want the label to be. -> Show Candle OHLC: Shows Open High Low and Close of the candle in the panel/label -> % Calculation Mode: 1: Calculated by Candle Wick Low to Candle Wick High for Green candle and Vice Versa for Red Candle 2: Calculated by Open of a candle to the current price. -> Label Text Color: Used to change the color of the Label Text -> Label Background Color: Used to change the color of Label background Join the free Discord: discord.gg/chuffgang
Pine Script™ indicator
by MontyTheGuy
ER-Adaptive ATR, STD-Adaptive Damiani Volatmeter [Loxx]ER-Adaptive ATR, STD-Adaptive Damiani Volatmeter is a Damiani Volatmeter with both Efficiency-Ratio Adaptive ATR, used in place of ATR, and Adaptive Deviation, used in place of Standard Deviation. What is Adaptive Deviation? By definition, the Standard Deviation (STD, also represented by the Greek letter sigma σ or the Latin letter s) is a measure that is used to quantify the amount of variation or dispersion of a set of data values. In technical analysis we usually use it to measure the level of current volatility . Standard Deviation is based on Simple Moving Average calculation for mean value. This version of standard deviation uses the properties of EMA to calculate what can be called a new type of deviation, and since it is based on EMA , we can call it EMA deviation. And added to that, Perry Kaufman's efficiency ratio is used to make it adaptive (since all EMA type calculations are nearly perfect for adapting). The difference when compared to standard is significant--not just because of EMA usage, but the efficiency ratio makes it a "bit more logical" in very volatile market conditions. The green line is the Adaptive Deviation, the white line is regular Standard Deviation. This concept will be used in future indicators to further reduce noise and adapt to price volatility . See here for a comparison between Adaptive Deviation and Standard Deviation What is Efficiency Ratio Adaptive ATR? Average True Range (ATR) is widely used indicator in many occasions for technical analysis . It is calculated as the RMA of true range. This version adds a "twist": it uses Perry Kaufman's Efficiency Ratio to calculate adaptive true range See here for a comparison between Efficiency-Ratio Adaptive ATR, and ATR. What is the Damiani Volatmeter? Damiani Volatmeter uses ATR and Standard deviation to tease out ticker volatility so you can better understand when it's the ideal time to trade. The idea here is that you only take trades when volatility is high so this indicator is to be coupled with various other indicators to validate the other indicator's signals. This is also useful for detecting crabbing and chopping markets. Shoutout to user @xinolia for the DV function used here. Anything red means that volatility is low. Remember volatility doesn't have a direction. Anything green means volatility high despite the direction of price. The core signal line here is the green and red line that dips below two while threshold lines to "recharge". Maximum recharge happen when the core signal line shows a yellow ping. Soon after one or many yellow pings you should expect a massive upthrust of volatility . The idea here is you don't trade unless volatility is rising or green. This means that the Volatmeter has to dip into the recharge zone, recharge and then spike upward. You can also attempt to buy or sell reversals with confluence indicators when volatility is in the recharge zone, but I wouldn't recommend this. However, if you so choose to do this, then use the following indicator for confluence. And last reminder, volatility doesn't have a direction! Red doesn't mean short, and green doesn't mean long, Red means don't trade period regardless of direction long/short, and green means trade no matter the direction long/short. This means you'll have to add an indicator that does show direction such as a mean reversion indicator like Fisher Transform or a Gaussian Filter. You can search my public scripts for various Fisher Transform and Gaussian Filter indicators. Price-Filtered Spearman Rank Correl. w/ Floating Levels is considered the Mercedes Benz of reversal indicators Comparison between this indicator, ER-Adaptive ATR, STD-Adaptive Damiani Volatmeter , and the regular Damiani Volatmeter . Notice that the adaptive version catches more volatility than the regular version. How signals work RV = Rising Volatility VD = Volatility Dump Plots White line is signal Thick red/green line is the Volatmeter line The dotted lower lines are the zero line and minimum recharging line Included Bar coloring Alerts Signals Related indicators Variety Moving Average Waddah Attar Explosion (WAE) Damiani Volatmeter
Pine Script™ indicator
by loxx
STD-Filtered, ATR-Adaptive Laguerre Filter [Loxx]STD-Filtered, ATR-Adaptive Laguerre Filter is a standard Laguerre Filter that is first made ATR-adaptive and the passed through a standard deviation filter. This helps reduce noise and refine the output signal. Can apply the standard deviation filter to the price, signal, both or neither. What is the Laguerre Filter? The Laguerre RSI indicator created by John F. Ehlers is described in his book "Cybernetic Analysis for Stocks and Futures". The Laguerre Filter is a smoothing filter which is based on Laguerre polynomials. The filter requires the current price, three prior prices, a user defined factor called Alpha to fill its calculation. Adjusting the Alpha coefficient is used to increase or decrease its lag and it's smoothness. Included: Bar coloring Signals Alerts Loxx's Expanded Source Types
Pine Script™ indicator
by loxx
Step Generalized Double DEMA (ATR based) [Loxx]Step Generalized Double DEMA (ATR based) works like a T3 moving average but is less smooth. This is on purpose to catch more signals. The addition of ATR stepped filtering reduces noise while maintaining signal integrity. This one comes via Mr. Tools. Theory: The double exponential moving average (DEMA), was developed by Patrick Mulloy in an attempt to reduce the amount of lag time found in traditional moving averages. It was first introduced in the February 1994 issue of the magazine Technical Analysis of Stocks & Commodities in Mulloy's article "Smoothing Data with Faster Moving Averages". The way to calculate is the following : The Double Exponential Moving Average calculations are based combinations of a single EMA and double EMA into a new EMA: 1. Calculate EMA 2. Calculate Smoothed EMA by applying EMA with the same period to the EMA calculated in the first step 3. Calculate DEMA DEMA = (2 * EMA) - (Smoothed EMA) This version: For our purposes here, we are using Tim Tillson's (the inventor of T3) work, specifically, we are using the GDEMA of GDEMA for calculation (which is the "middle step" of T3 calculation). Since there are no versions showing that "middle step, this version covers that too. The result is smoother than Generalized DEMA, but is less smooth than T3 - one has to do some experimenting in order to find the optimal way to use it, but in any case, since it is "faster" than the T3 (Tim Tillson T3) and still smooth, it looks like a good compromise between speed and smoothness. Usage: You can use it as any regular average or you can use the color change of the indicator as a signal. Included Alerts Signals Bar coloring Loxx's Expanded Source Types
Pine Script™ indicator
by loxx
6
PluePhantom's Trailing Stop Loss Multiple of ATRThis is a simple trailing stop loss line for long and short positions, made by Bluephantom using PS v2. I converted it onto v5 It is calculated as a multiple of the ATR instead of a percentage. You are able to change the multiple and the ATR length. It can be used as a guide to where you should consider putting in your stop loss on a trade and to where you should move your stop loss to as the days go by. This indicator is experimental. Use at your own risk.
Pine Script™ indicator
by ChamodSachin
1
KTP ATR , TR and DATR by Mitraj ThakkarThis indicator provides values of ATR, TR and DATR values side by side which makes it easy for user to compare it for current candle and takes decision. It is not a complete system for trading but it aids in taking decision for entry and exit. for eg. ema crossover is formed for entry, we can take entry 5% of datr above pattern and keep stop loss 10% datr below pattern. ATR stands for Average true range of last 14 candles. TR stands for true range of each candle. DATR stands for Daily Average True Range.
Pine Script™ indicator
by RAJTHAKKER023
Daily/Weekly ExtremesBACKGROUND This indicator calculates the daily and weekly +-1 standard deviation of the S&P 500 based on 2 methodologies: 1. VIX - Using the market's expectation of forward volatility, one can calculate the daily expectation by dividing the VIX by the square root of 252 (the number of trading days in a year) - also know as the "rule of 16." Similarly, dividing by the square root of 50 will give you the weekly expected range based on the VIX. 2. ATR - We also provide expected weekly and daily ranges based on 5 day/week ATR. HOW TO USE - This indicator only has 1 option in the settings: choosing the ATR (default) or the VIX to plot the +-1 standard deviation range. - This indicator WILL ONLY display these ranges if you are looking at the SPX or ES futures. The ranges will not be displayed if you are looking at any other symbols - The boundaries displayed on the chart should not be used on their own as bounce/reject levels. They are simply to provide a frame of reference as to where price is trading with respect to the market's implied expectations. It can be used as an indicator to look for signs of reversals on the tape. - Daily and Weekly extremes are plotted on all time frames (even on lower time frames).
Pine Script™ indicator
by Zeal_Trading
[SS]Multicolor BB with Squeez Moving Average & Colored BarsHello Followers, Hope u guyz doing well in the market. Came with a standalone Trading System which helps u with the trend & choppiness zone. This system is combination of multiple stretagies which makes it better than single published indicators. ========================================================================================================= We have used Variety-Filtered, Squeeze Moving Averages which is a chop zone indicator that identifies when price is below a specific volatility threshold calculated as the difference between a fast and slow moving average and filtered using ATR- or Pips-based threshold. This indicator can be use as both an entry and exit indicator. It identifies both chop zones and breakouts/breakdowns Uses:- When the candles turn white and the threshold bands appear on the chart, this is indicative of low volatility When price exits the threshold bands, price will usually explode up or down giving a long or short signal. This acts as a sort of squeeze momentum. Included: Bar coloring Signals Alerts, 4 types of alerts: Squeeze started, Squeeze ended, long, and short <<------------------------------------->> Multicolour Bollinger Bands indicator that indicates market phases. It plots on the price chart, thanks to different color zones between the bands, a breakdown of the different phases that the price operates during a trend. The different zones are identified as follows: - red color zone: trend is bearish , price is below the 200 periods moving average --> orange color zone: price operate a technical rebound below the 200 periods moving average - yellow color zone: (phase 1 which indicate a new bearish cycle) - light green zone: (phase 2 which indicate a new bullish cycle) --> dark green zone: trend is bullish , price is above the 200 periods moving average - grey color zone: calm phase of price/low volatility - dark blue color zone: price is consolidating in either bullish or bearish trend - light blue zones: price will revert to a new opposite trend (either long or short new trend) By identifying clearly the different market phases with the multicolor Bollinger bands , the market entries by either a the beginning of a new trend or just after a rebound or a consolidating phase is easier to spot on. <<==========================>> The credit of above indicator souce goes to loxx & Deveatt. I just backtested and modified it to increase accuracy of trade and clear visual representation for trades. Modified the trend based SMA and BB period and entry criteria. <<===========================>> <> 1) Look for BB COLOR and SMA for trend either up or down. 2) Look Bar coloring, enter when price above sma and green for long else short.
Pine Script™ indicator
by World_of_Indicators
4
True_Range_%Average True range percent show the the latest true range value as percentage of previous close. Standard ATR shows the average of absolute value of True range. This is problem when price level changes over time. Because Stocks trading at higher price level e.g $1,000 will have high ATR value as compared to stocks trading $ 50. This may look like volatility has increase recently which is of-course not true. As you can see in the chart, ATR value of period before 2020 is lower than the recent period. True Range Percentage solves value. With this script you can also find when there is a Volatility spike (1.5 time of avg) or Low volatility (0.7 times of avg). Volatility is cyclic in nature. It oscillates between high and low. Observing this behavior can be extremely usefully in timing entry and exits.
Pine Script™ indicator
by Teji_Singh
Swing Trend StrategyThis script is a trend following system which uses a long term Moving Average to spot the trend in combination with the Average True Range to filter out Fakeouts, limiting the overall drawdown. Default Settings and Calculation: - The trend is detected using the Exponential Moving Average on 200 periods. - The Average True Range is calculated on 10 periods. - The Market is considered in an Uptrend when the price closes above the EMA + ATR. - The Market is considered in a Downtrend when the price closes below the EMA - ATR. - The strategy will open a LONG position when the market is in an Uptrend. - The strategy will close its LONG positions when the price closes below the EMA. - The strategy will open a SHORT position when the market is in a Downtrend. - The strategy will close its SHORT positions when the price closes above the EMA. This script is best suited for the 4h timeframe, and shows good results on BTC and ETH especially. The options allow to modify the type of moving average to use, the period of the moving average, the ATR multiplier to add as well as the possibility to open short trades or not.
Pine Script™ strategy
by Inkedlau
2
RedK Chop & Breakout Scout (C&B_Scout)The RedK Chop & Breakout Scout (C&BS or just CBS) is a centered oscillator that helps traders identify when the price is in a chop zone, where it's recommended to avoid trading or exit existing trades - and helps identify (good & tradeable) price breakouts. i receive many questions asking for simple ways to identify chops .. Here's one way we can do that. (This is work in progress - i was exploring with the idea, and wasn't sure how interesting other may find it. ) Quick Intro: ================== Quick techno piece: This concept is similar to a Stochastic Oscillator - with the main difference being that we're utilizing units of ATR (instead of a channel width) to calculate the main indicator line - which will then lead to a non-restricted oscillator (rather than a +/- 100%) - given that ATR changes with the underlying and the timeframe, among other variables. to make this easy, and avoid a lot of technical speak in the next part, :) i created (on the top price panel) the same setup that the C&B Scout represents as a lower-panel indicator. So as you read below, please look back and compare what C&BS is doing in its lower panel, with how the price is behaving on the price chart. how this works ======================== - To identify chops and breakouts, we need to first agree on a definition that we will use for these terms. - for the sake of this exercise, let's agree that the price is in a chop zone, as long as the price is moving within a certain distance from a "price baseline" of choice ( which we can adjust based on the underlying, the volatility, the timeframe, the trading style..etc) - when the price moves out of that chop zone, we consider this a breakout - Now not all breakouts are "good" = they need to at least happen in the direction of the longer term trend. In this case, we can apply a long Moving Average to act as a filter - and consider breakouts to be "good" if they are in the same direction as the filter line - With the above background in mind, we establish a price baseline (as you see on the top panel, this is based on the midline of a Donchian Channel - but we can use other slow moving averages in future versions) - we will decide how far above/below that baseline is considered to be "chop zone" - we do this in terms of units of Average True Range (ATR) - using ATR here is valuable for so many reasons, most of all, how it adjusts to timeframe and volatility of underlying. - The C&B Scout line simply calculates how far the price is above/below the baseline in terms of "ATR units". and shows how that value compares to our own definition of a "chop zone" - so as long as the price is within the chop zone, the CBS line will be inside the shaded area - and when the price "breaks out" of the chop zone, the CBS line will also breakout (or down) from the chop zone. - C&B Scout will give a visual clue to help take trades in the direction of the prevailing trend - the chop zone is green when the price is in "long mode", as in, the price is above the filter line - and will be red when we are in "short mode" - so the price is below the filter line. in green mode, we should only consider breakouts to the upside, and ignore breakouts to the downside (or breakdowns) - in red mode, we should only consider breakouts to the downside., and ignore the ones to the upside. - i added some examples of "key actions" on the chart to help explain the approach here further. Usage & settings Notes: ======================== - even though for many traders this will be a basic concept/setup, i still highly suggest you spend time getting used to how it works/reacts and adjusting the settings to suit your own trading style, timeframe, tolerance, what you trade....etc - for example, if i am a conservative trader, i may consider any price movement within 1 x ATR above and below the baseline to be in "chop" (ATR Channel width = 2 x ATR) - and i want to only take trades when the price moves outside of that range *and* in the direction of the prevailing trend - An aggressive trader may use a smaller ATR-based value, say 0.5 x ATR above/below the baseline, as their chop zone. - A swing trader may use a shorter filter line and focus on the CBS line crossing the 0 line. - .... and so on. - Also note that the "tradeable" signal is when the CBS line "exits" the chop zone (upward on green background, or downward on red background) - however, an aggressive trader may take the crossing of the CBS line with the 0 line as the signal to open a trade. - As usual please do not use this indicator "in isolation" and ensure you have other confirming signals from your setups before trading. conclusion =========== As i mentioned, this is really a simple concept - and i'm a big fan of those :) -- and there's so much that could be done to expand around it (add more visuals/colors, add alerts, add options for ATR calculation, Filter line calculations, baseline..etc) - but with this v1.0, i wanted to share this initially and see how much interest and how valuable fellow traders find it, before playing any further with it. so please be generous with your comments.
Pine Script™ indicator
by RedKTrader
53