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Average True Range (ATR)

Range Force Impulse The "Range Force Impulse" indicator combines 4 useful indicators into one, freeing up chart real-estate and giving the trader insight into trend health, bull/bear commitment, range and volatility all at a glance. The indicator consists of the following: Direction - True Range and Average True Range columns shown above and below 0 depending on direction of the period's price -- TR (gray) shows the current period's trading volatility -- ATR (Impulse colors, see below) shows an EMA of TR over a specified length -- Can be used to determine stops and targets (Example: Stop loss at prev close - ATR, Target at 2x ATR) Index - Alexander Elder's EMA of (change(close) * volume), shows crosses above 0 (green) and below 0 (red), and intermediate signals -- Shows bull vs. bear interest/commitment/dominance -- Elder recommends EMA length of 2 for daily chart buy/sell signals, and 13 for weekly chart bull/bear dominance & trend direction signals -- Intermediate signals are shown above 0 when falling (salmon), or below 0 when rising (pale yellow) System - Range columns are colored using Alexander Elder's censorship system (green: do not short, red: do not long, blue: is up to you) -- Shows overall trend health (Macd histogram and EMA up/down changes)
Pine Script™ indicator
by zephurr
4
QuarryLake v4As some of you requested, I will make the code for QuarryLake Open for you all. I have also updated the script in version 4. This strategy consists of 3 indicators that I found works quite well together. Keltner Channel, Waddah Attah Explosion, and Volatility Stop . KC Period = 200 KCATR = 5 Vstop Period = 3 Vstop Mult = 1.5 Long when close > KC, close > Vstop, WAE trendUp Short when close < KC, close < Vstop, WAE trendDown Works well on BTCUSD XBTUSD , as well as other major liquid Pair. This strategy utilized a modified Kelly position sizing for BTCUSD Bitstamp , feel free to modify it to your needs. And lastly, Save Hong Kong, the revolution of our times.
Pine Script™ strategy
by Lancelot_Augur
2
ATR TRex [SHK]To appreciate dear Mr.Khakestar efforts i have converted his mt4 ATR formula to pine script. All credits goes to him. Plots You can enable plots from the settings tab and then disable five first plots from the style tabs (finally save as default). Then you can view the ATR result of each candle in the past: Green number is the HL range of the candle. Red number is the ATR of the candle. First black number is the ATR of the 4H chart. Second black number is the ATR of the 1D chart. Third black number is the ATR of the 1W chart. What makes this ATR formula so different? This formula invented by Mr.Khakestar and it shows the power of the price to move in each cycle of the chart. We can use it in RTM strategy and Price Action trading. To learn how to use it you need to learn TRex strategy (Presented by Mr.Khakestart for free in Persian).
Pine Script™ indicator
by shayankm
24
Lancelot ATR Volume MeterThis is an experiment I did a while back ago. I often think On Balance Volume is a great indicator as trend direction and volume cannot lie. However, I bumped into a few problems. It is slow, doesn't show volatility and often time it is prone to chop. That's why I added ATR to the equation. Original OBV calculation src > 0? : +volume : src < 0? -volume Modified OBV with ATR src > 0 ? +volume * (volume / atr) : src < 0? -volume * (volume / atr) I have used 2 ema for this modified OBV. ema 3 ema 18 By adding ATR to the equation we can smooth out many erratic price movement. (Stop hunting) Also, when price move slowly but steady, often prepping for a big move, this indicator will move faster. In short, this indicator prevents you from being stop hunted and also provide great entry for a trending market. Works well on BTCUSD XBTUSD, as well as other major liquid Pair. Feel free to follow me on Twitter @Lancelot_Auger for more free Alpha. Please acknowledge my effort by like and follow. And lastly, Save Hong Kong, the revolution of our times.
Pine Script™ indicator
by Lancelot_Augur
19
Lancelot Band - ATR Reversal+Trending IndicatorThis is an indicator I created recently, with the mind of spotting where price might reverse and where the price is trending. You can see this as the primary indicator for your system, however, it is recommended you use this in conjunction with other confirmation indicators. This script focus solely on ATR or Average True Range. This indicator is the combination of the baseline from the Ichimoku cloud and the concept of the Keltner channel. Baseline period = 14 ATR period = 14 ATR Mult = 1.5 For reversal Long when price crossover Lower band & Stop loss at xLower band Sell when price crossunder Upper band & Stop loss at xUpper band For Trend Following Long when price crossover xUpper band and Stop loss at Upper band Short when price crossunder xLower band and Stop loss at Upper band Again, you will need other indicators to help you to succeed in this system. This indicator will not generate the best exit for your position but will generate a good entry signal when you use it with both volume indicator and exit indicator. Works well on BTCUSD XBTUSD, as well as other major liquid Pair. Feel free to follow me on Twitter @Lancelot_Auger for more free Alpha. Please acknowledge my effort by like and follow. And lastly, Save Hong Kong, the revolution of our times.
Pine Script™ indicator
by Lancelot_Augur
Alert-QuarryLake Indicator Map - ATR Trend Following Strategy A lot of times I don't like my chart crowding with indicators, thus the reason for creating this script for my strategy QuarryLake. This script also comes with alert. Below is the explanation for QuarryLake I have also updated the script in version 4. This strategy consists of 3 indicators that I found works quite well together. Keltner Channel, Waddah Attah Explosion, and Volatility Stop. You can find WAE here KC Period = 200 KCATR = 5 Vstop Period = 3 Vstop Mult = 1.5 Long when close > KC, close > Vstop, WAE trendUp Short when close < KC, close < Vstop, WAE trendDown Works well on BTCUSD XBTUSD, as well as other major liquid Pair. Feel free to follow me on Twitter @Lancelot_Auger for more free Alpha. Please acknowledge my effort by like and follow. And lastly, Save Hong Kong, the revolution of our times.
Pine Script™ indicator
by Lancelot_Augur
4
CloudRest ATR based cloudThis is an indicator I have been working on for the past 2 years, developed specifically for cryptocurrency. It is primarily a trend following indicator with great success and it performs the best in 4hrs to the weekly chart. There are two components of this indicator. The baseline from Ichimoku cloud and volatility stop . baseline period = 26 volatility stop = 1.5ATR, 3 You can view this as the main component of a trend following system but you will need other confirmation indicators to confirm your entry. Feel free to modify the script for your own system. Feel free to follow me on twitter @Lancelot_Auger I will be posting more content in the future, stay tuned. And lastly, Free hong kong, the revolution of our time!
Pine Script™ indicator
by Lancelot_Augur
3
ATR + Trailing StopsSimple visualisation of Average True Range in Pinescript V4. The script has two modes: Running and Trailing. In Running mode, it continuously displays the ATR above and below the price. Specifically, it displays the High and Low price plus and minus the ATR times a user-supplied multiplier. This can be helpful for visualising volatility. In Trailing mode, it displays the same ATR line, except the line trails until price crosses it. When price crosses it, it flips from long to short or vice-versa. You could use trailing ATR as a stop loss. Adjust the multiplier and lookback period for your asset and preference.
Pine Script™ indicator
by SimpleCryptoLife
44