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Average True Range (ATR)

Chandelier Exit | SAR/Long Only (4CUP)As introduced by StockCharts.com, Chandelier Exit was developed by Charles Le Beau and featured in Alexander Elder's books, this sets a trailing stop-loss based on the Average True Range (ATR). Chandelier Exit can be formulated as a stop-and-reverse (SAR) or as a traditional trailing stop-loss version shown by Stockcharts.com. The main difference is that, in SAR version, the indicator is usually formulated in a higher of previous or spot indicator (HPS) for long and lower of previous and spot indicator (LPS) for short position. This indicator is coded to show both the SAR version and the traditional one shown by Stockcharts.com (for long position) by simply clicking a tick in the Version box. The ATR multiplier is relaxed to allow non-integer input, like 3.5, 4.25, ... for a greater flexibility to tailor your best-fit exit strategy. If you find this indicator is useful to you, Star it, Follow, Donate, Like and Share. Your support is a highly motivation for me.
Pine Script® indicator
by earnSmartAlgorithm
ATR Trend & ATR Top/Bottom (Expo) ATR Trend & ATR Top/Bottom (Expo) is an advanced and multifunctional trading tool that gives insight into Trends, Pullbacks, and where Top/Bottom pattern can occur. The indicator is simple to use and understand therefore valuable to all trading styles. One key feature is the ability to adjust settings according to the type of Trader you are. Trend Followers can easily enable Trend and Pullback settings and Scalpers can enable the Top/Bottom feature. The Trend, Pullback, and Top/Bottom setting can be displayed simultaneously for those that want to maximize their trading results! Insights and Value the indicator brings: ✔ Clear perspective identifying short-term and long-term Trends ✔ A simple and convenient way to recognize Pullbacks and market impulses. HOW TO USE Identify the short-term and long-term Trend Identify Pullbacks Identify market impulses Identify potential Tops/Bottoms INDICATOR IN ACTION 1-hour chart (Trend-Setting used) I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments! ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My scripts/indicators/strategies/ideas are only for educational purposes! ACCESS THE INDICATOR • Contact me on TradingView or use the links below
Pine Script® indicator
by Zeiierman
15
Minimum Average True RangeI use ATR a lot when designing trading strategies, this way the strategy adjusts to the instrument in most cases instead of me plugging in special numbers. However, ATR itself could get spiked by some violent moves. For this I have created MinATR which I am publishing here. It is effectively ATR + minimum ATR over the last "Min Length" bars. (this is a parameter which I have defaulted to 50). So use this the same way you use ATR, but it will also show the min ATR over the last "Min Length" periods.
Pine Script® indicator
by asenski
9
Range & Trend (Expo)Range & Trend (Expo) calculates the long term and short term Trading ranges as well as identifying the Trend. The indicator makes it easy to trade with the trend and to spot trading ranges. ☖ The indicator has a unique trend line that adapts to the current volatility which enables that the trend is displayed more clearly. The color and the slope of the line determines the trend. HOW TO USE Identify Long term and Short term Trading ranges Identify range breakouts Identify the trend INDICATOR IN ACTION Daily chart I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments! ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My scripts/indicators/strategies/ideas are only for educational purposes! ACCESS THE INDICATOR • Contact me on TradingView or use the links below
Pine Script® indicator
by Zeiierman
43
BlackPika Supertrend S1Hello Reader! This study script is based on the SuperTrend. There are some extra things added to make it able to use more efficiently. They are listed below: 1. Pullback signals: These signals indicate a pull back after a trend reversal and are the most optimum places where you can add to your existing position. They also come with Alerts ! 2. Trailing Stop Loss and Take Profit: These further help to reduce the draw-down and can help you to trail profits with more granularity thus securing gains. How to use ? ---------------- Personally I use it on major pairs on cryptocurrencies like BTCUSD . Usually after the trend flips, there will be pullbacks, You can enter a part of the position when trend reversal is confirmed. Then add more when you get a pullback. To make life simpler, alerts are added for pullback signals as well. These can help acheive good entry price. Entering at pullback signals limits your losses to a great extent, as the trend will flip on the bar close if it goes against you. You can trade manually or you can automate. All the signals have been provided with Alerts. some signals have been grouped, to reduce the number of the alerts if you wish to. I wish you all the luck and please comment and Like if you have any doubts. How to gain access ? ------------------------- 1. You can dm me in trading view
Pine Script® indicator
by pikachuventures
10
Confluence of Indicators and Signals v1 skvWhy this script This script will display the buy or sell signals received from indicators, super trend, adx, rsi, macd, sma, and floor pivots along with some tweaked calculations and fixed numbers. This is useful for beginners who want to study the signals and timing to practice. This script is created for educational purpose and can be used for intraday scalping with 5 minutes time frame only after the signals are understood clearly. How to use Strong Buy - when series of buy/long signals generated by indicators, bright green up arrow indicates momentum/strength Strong Sell - when series of sell/short signals generated by indicators, bright orange down arrow indicates momentum/strength Exits - use the pivot lines, or the RSI-LX, SX exit signals. Also combine with Bollinger Bands to understand the exit points. Look for reversals at pivot resistance and support. Disclaimer 1. Only for educational purpose 2. Intraday scalping strategies only and on 5 min timeframe 3. Do paper trade before using any information for actual trading 4. Not swing or positional trade
Pine Script® indicator
by gtskaran
2
[co.n.g] LeathermanThis is a modest approach of assembling my most favorite strategies into a single indicator script! I extended the functionality of the ART to the maximum in this piece of price action and volume analysis. The original "Average Range Targets" - though by default turned off t due to heavily re-scaling the chart - and the previous day's high and low. What I've added: high and low of the actual week high and low of the previous week open of the day close of the previous day VWAP of the daily session - adjustable to any length VWAP of the weekly session opening range / inital balance of the session -fixed to 15 Minutes I've decluttered the chart as good as possible. KNOWN BUGS: Sometimes the plotting is incorrect due to rescaling or zooming in and out of the chart. How to use - a quick price action guide: The breakout of the open range is often indicating the trend of the day, a false breakout is often seen as a reversal sign. A price below the VWAP is seen as cheap, a price above as expensive. In contrary to others, I personally prefer to see a rising price on a rising VWAP ; additionally, I like bounces off or spikes and reversals through the VWAP , either the daily or the weekly. The highs and lows of the days and weeks are seen as support and resistance . Trade preferably long above and short below those levels. The ADR is an indication not working perfectly, especially with stocks. !!! WARNING !!! Don't rely solely on a single script nor a single indicator! Always consider the price action, the trend, the overall market and especially the volume. There is no "Get-Rich-Quick"-scheme, learn to read the chart and trade accordingly. Enjoy and make money! Yours, Constantine p.s.: If you like to show your gratitude for my work: CHEER!
Pine Script® indicator
by constantine_trading
1
2HLA very simple, almost naive strategy, in which you buy on the lowest of the two previous candles and sell at the highest of the two previous candles. You can configure these highest and lowest lenght, in some assets two is too small of a number to make profit. You can also configure to exit the position after X, and I found that 7 (which is a week of working days) is a good number for that. This is strategy is intended to be used as a swing trade. Your capital needs to be high enough so that it can pay the operaitonal costs, and reach it's target with a reasonable profit. Since this is a volatility based strategy, assets that are more liquid won't work properly.
Pine Script® strategy
by EduardoMattje
7
Supertrend - Delayed TrailI use supertrend for for trailing stops. One of the problem of trailing stops in long term trend trading is we get stopped too early and then trend continues. To avoid this problem, we can limit or delay our trailing. In this modified version of supertrend, we can delay trailing by two methods: Bars : Trail after certain bars. Input DelayBars says after how many bars it should trail. Steps : Trail after reaching equivalent stop on the other side. ConsiderWicks option reverse direction upon high reaching trailing Sell stop or low reaching trailing buy stop (instead of close) ConsiderWicksForDelayByStep does the same thing for calculating if the steps have reached.
Pine Script® indicator
by Trendoscope
4
Volatility Squeeze Region IndicatorVolatility Squeeze Indicator conditions based on lowest ATR ,proportion of Bollinger and keltner channel upper and lower bands. Usage to identify and highlight Squeeze region when if indicator value <1 means Squeeze On and >1 means Squeeze off . Additionally Background Highlights for Daily(Blue), Weekly(Brown) and Monthly(purple) Squeeze regimes for confluence check. For Breakouts and trades use appropriate Price Action and in conjunction other indicators.
Pine Script® indicator
by Mani2101
1
Moving Average Ribbon Master StrategyThe following features available in this strategy are listed below. To access, please visit the website in the signature area of this posting. INTRODUCTION Robust, fast, trading system Multiple time frame (MTF) aspects built in everywhere into the strategy Combines swing, scalp, greedy, volatile trading mechanisms Works on intraday day time frames as well as Daily and Weekly Trade sizing, targets, and stops are shown as new trades form and existing trades develop Alerts warn the trader on all aspects of the trade evolution Alerts are ready to be used for complete lifecycle automated trading EMA TRADING Combining EMAs on a higher time frame than the chart time frame is key Trade conditions are met on a lower time frame that agree with the EMA ribbon direction WHY DOES IT WORK? With the right EMA settings, it is "hard" to generate trades. The trade direction can easily shift Successful trade entry triggers require a strong trend While the EMA trend is positive, longs are taken on pullbacks, opposite for shorts A basic learning algorithm is used to create a stop behind the trades Learns over time the best stop offset from the price based on volatility SWINGS AND SCALPS Swings and scalps are treated differently. Swings are the very first trade taken upon a directional shift. This is similar to the DIVINE series trading strategies Swings are held until stopped out, Scalps always have a target based on the current volatility of the ticker and multiplier Both swings and scalps start out in the "building" or "forming" phase. A building phase is triggered when all criteria are met to form a long or short Both trade types are executed as a market long or short when the ATR execution sensitivity reverses The current ATR direction can be seen by the colored bars. TRADING STYLES Conservative Aggressive Greedy Volatile TRADE SIZING Contract/Unit VIX Multiplier Percent of Equity Percent Risk TRADE INFORMATION Historical trades show the price target of a scalp and the number of ticks of profit in parenthesis New trades show all of the extra information surrounding the trade. This can be turned on to show the same information for past trades, but is left off to reduce clutter Go over trade information categories one-by-one Recent historical trades have a tooltip loaded to hover over and see the hidden information Scalp trade is filled the numbered scalp icon shows as a (N) SESSION WINDOW Longs and shorts can only receive an execution signal when the ticker is within one of three session options provided ADJUSTMENT Last 3 sizing types show the quantity required to enter the trade to meet the parameters Percent risk automatically adjusts the quantity to meet the risk criteria given the account equity, per trade The account currency can be changed with will update the quantities automatically Tick Unit and Value can also be changed if they are not accurate ALERTS Alerts for entire trade lifecycle Full automated trading ready
Pine Script® indicator
by mortdiggiddy
20