ATR BandsIn many strategies, it's quite common to use a scaled ATR to help define a stop-loss, and it's not uncommon to use it for take-profit targets as well. While it's possible to use the built-in ATR indicator and manually calculate the offset value, we felt this wasn't particularly intuitive or efficient, and could lead to the potential for miscalculations. And while there are quite a few indicators that plot ATR bands in some form or another already on TV, we could not find one that actually performed the exact way that we wanted. They all had at least one of the following gaps:
The ATR offset was not configurable (usually hard-coded to be based off the high or low, while we generally prefer to use close)
It would only print a single band (either the upper or lower), which would require the same indicator to be added twice
The ATR scaling factor was either not configurable or only stepped in whole numbers (often time fractional factors like 1.5 yield better results)
To that end, we took to making this enhanced version to meet all of the above requirements. While we were doing so, we decided to take this opportunity to also make some non-functional enhancements as well:
Updated the indicator to the most recent version of Pine
Updated the indicator definition to allow alternate (non-chart) timeframe usage
Made the input types explicitly defined to improve consistency
Updated the inputs with appropriate minimum values and step sizes where appropriate
Separated settings into logical groups
Added helptext to the indicator settings noting usage and common settings values
Explicitly titled the on-chart plots of the ATR bands so that they can more easily be identified and referenced in other indicators/scripts, as well as the Data Window
Food for thought : When looking at some of the behaviors of these ATR bands, you can see that when price first levels out, you can draw a "consolidation zone" from the first peak of the upper ATR band to the first valley of the lower ATR band that price will generally respect. Look for price to break and close outside of that zone. When that happens, price will usually (but not always) make a notable move in that direction, which can be used as either a potential trigger or as an additional confluence with other indicators/price action.
Finally, while we have made what we feel are some noteworthy updates and enhancements to this indicator, and have every intention of continuing to do so as we find worthy opportunities for enhancement, credit is still due to the original author: AlexanderTeaH
ATR
StopLossThat indicator helps us to determine the stop loss levels or prices in terms of atr levels. It includes 4 (four) options which are 1-Don't Risk, 2-Low Risk, 3-High Risk, 4-Risk Lover their exploding rates are 1-2.4% , 2-3.9% , 3-6.7% , 4-16.7% in sort. It helps us to produce new methods to decreace our risk/reward ratio. It is ATR Trailing StopLoss indicator. The indicator is awesome in terms of comfortable. Thanks and waiting for your feedbacks.
ATR and IV Volatility TableThis is a volatility tool designed to get the daily bottom and top values calculated using a daily ATR and IV values.
ATR values can be calculated directly, however for IV I recommend to take the values from external sources for the asset that you want to trade.
Regarding of the usage, I always recommend to go at the end of the previous close day of the candle(with replay function) or beginning of the daily open candle and get the expected values for movements.
For example for 26April for SPX, we have an ATR of 77 points and the close of the candle was 4296.
So based on ATR for 27 April our TOP is going to be 4296 + 77 , while our BOT is going to be 4296-77
At the same time lets assume the IV for today is going to be around 25% -> this is translated to 25 / (sqrt (252)) = 1.57 aprox
So based on IV our TOP is going to be 4296 + 4296 * 0.0157 , while our BOT is going to be 4296 - 4296 * 0.0157
I found out from my calculations that 80-85% of the times these bot and top points act as an amazing support and resistence points for day trading, so I fully recommend you to start including them into your analysis.
If you have any questions let me know !
ATR stoploss bands ATR止损通道线计算方式为开盘价，方便一开始就知道这根k线的止损位置。
用21和1.618作为参数，在btc上经常能看见刚好差一点打破到这个止损，不知是否是我的错觉。
使用方法：
出现信号后，将止损设置在当前k线止损点处，也可以用前一根的止损点，或前几根k线之内的最高价K线的ATR来止损。
ATR without paranormal barsWhat Is the Average True Range (ATR)?
The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period.
Problems of the classic ATR indicator
The indicator does not show the true volatility of the instrument, at the moments of its strong acceleration or deceleration.
For example, after a strong increase in the volatility of an instrument, with smoothing enabled, the indicator value lags a lot and shows high values, while in fact the volatility has returned to its previous values.
A statistically sharp acceleration or deceleration in volatility ends as quickly as it began.
Due to the problem of data lag, the value of the ATP indicator value information is greatly reduced. The more we increase the smoothing period, the more the indicator value will lag.
The solution to the problem with a sharp temporary change in volatility is to exclude from the calculation the values of the sizes of bars whose size deviates strongly from the average value, such bars are called paranormal.
Examples of paranormal bars
Paranormal bars occur when there is a sharp acceleration or deceleration of the instrument's volatility.
This is characterized by the size of the bars, which are much smaller or larger than their average value in the next period of time.
Comparison of the ATR indicator and ATR_WPB
Comparison of the classic ATP indicator (top) and the ATP indicator calculated without taking into account paranormal bars (bottom).
The example shows that where sharp changes in the instrument's volatility are temporary, they do not affect the value of the ATR_WPB indicator.
Work example
Red - ATR_WPB indicator
Gray - True range
Blue - Momentum (MTM) is a simple leading momentum indicator
How is it calculated
Gray - True range
True Range (TR), which is defined as the greatest of the following:
* Current High less the current Low
* Current High less the previous Close (absolute value)
* Current Low less the previous Close (absolute value)
TrueRange = max {High-Low ; High - Close_previous ; Close_previous-Low}
Blue - Momentum (MTM) is a simple leading momentum indicator
Momentum (MTM) is simply calculated by subtracting the previous price close from the latest price close using the formula:
Momentum = Latest close - Specified close
where the specified period is any previous price close specified by the trader. The result is plotted as an unbound oscillator that oscillates above and below a center line, namely the zero line.
Red - ATR_WPB indicator
Mean value for N bars from a sample that excludes paranormal bars.
How to use
The value of the ATR_WPB indicator can be used to calculate the parameters of a trade, for example, to calculate the amount of risk (stop) per trade, taking 10%-15% of ATR_WPB as the amount of risk.
If we take the ATR_WPB value on the daily chart, we can assume how far the instrument can travel in a day, because the TrueRange value will always tend to the ATR_WPB value.
If the value of Momentum is significantly less than ATR_WPB, then we can conclude that the instrument has sufficient margin of movement, since the value of Momentum will tend to catch up with the value of ATR_WPB.
If the Momentum value is greater than ATR_WPB, then it is worth recognizing that the instrument has already exhausted the energy of its movement, since statistically the Momentum value rarely exceeds the ATR_WPB value.
ATR Take Profit / Stop Loss [JoseMetal]============
ENGLISH
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- Description:
This indicator is based on ATR to print current ATR multiple values for Take Profits or Stop Loss levels, it's real time, so you can use the replay feature to test it or calculate these levels anytime on any candle.
Therefore, levels are calculated by multiplying the ATR by the level multiplier.
- Visual:
Both a "diamond" and label with the ATR multiplier and price value are printed for each level.
Each level has a color for both, diamond and label to make it easier to read.
The levels are split in 2 columns for better visualization.
- Usage and recommendations:
Fibonacci's levels are used for default, but you can customize them as you like.
I usually take 3.82 level (red by default) as stop loss, and I take profit every 2 levels depending on the timeframe, is good to let a small part run until break even or ATR 10 (last level).
- Customization:
Custom ATR period, 10 is default.
Each level has custom multiplier and level.
Customizable offset for diamonds and labels.
Custom precision for prices (because it greatly depends on the asset you're working with).
============
ESPAÑOL
============
- Descripción:
Este indicador se basa en el ATR para mostrar múltiples niveles de Take Profits o Stop Loss, es en tiempo real, por lo que se puede utilizar la función de repetición para probarlo o calcular estos niveles en cualquier momento y en cualquier vela.
Por lo tanto, los niveles se calculan multiplicando el ATR por el multiplicador del nivel.
- Visual:
Tanto un "diamante" como una etiqueta con el multiplicador ATR y el valor del precio se imprimen para cada nivel.
Cada nivel tiene un color tanto para el diamante como para la etiqueta para facilitar su lectura.
Los niveles están divididos en 2 columnas para una mejor visualización.
- Uso y recomendaciones:
Se usan los niveles de Fibonacci defecto, pero puedes personalizarlos como quieras.
Yo suelo usar el nivel 3.82 (rojo por defecto) como stop loss, y tomo beneficios cada 2 niveles dependiendo de la temporalidad, es bueno dejar correr una pequeña parte hasta el break even o ATR 10 (último nivel).
- Personalización:
Periodo ATR personalizable, 10 es el predeterminado.
Cada nivel tiene multiplicador y nivel personalizables.
Desplazamiento (offset) personalizable para los diamantes y las etiquetas.
Precisión para decimales personalizada (porque depende mucho del activo con el que se trabaje).
Oasis Trading Group Market Making Bot - Mean Reversion BandsThe OTG Market Making Bot was designed with mean reversion trading in mind. It uses advanced ATR and other volatility formulas to create a set of bands that price should stay within. If price is testing the upper or lower bands then it is "extended" and a mean reversion back to the midline is likely.
The indicator comes with two sets of reversion bands, by default they are set to two and three standard deviations away from the midline, these can be changed to your preference. The indicator will give you Buy and Sell arrows if the conditions are being met. The conditions can be as simple as price hitting the bands or with certain filters, the filters are as follows:
Volatility Filter: Based on your settings it will look at the Current ATR vs Historic ATR Average if the Current ATR is higher than the average it will not show the mean reversion Buy/Sell signals because the volatility is too high. This filter can be turned on and off in the settings.
Trend Filter: Based on your settings it will lookback a certain amount of candles to see if the current price action is ranging or trending. If the current price action is determined to be trending it will not show the mean reversion Buy/Sell signals because it wants to trade within a range. This filter cannot be turned off in the settings, but if you wish to see all the Mean Reversion Buy/Sell signals without any filters you can turn them on in the style settings.
Midline: The midline is color coded based on your Trend Lookback settings. If it determines that the market is ranging it will be colored Green, if it determines that the market is trending it will be colored Red. Green means you are safe to take Mean Reversion trades.
The indicator comes with multiple alerts for all the different Buy/Sell signals. These signals can come from the first set of bands, second set, or unfiltered.
This indicator is designed to be paired with the ATR Improved Indicator I have created which is open source, it can be found here.
Also, paired with the OTG Automated Trading Bot. The OTG Trading Bot is a trend following bot, it excels in trend trading but fails in range trading. This Mean Reversion bot was designed to compliment the OTG Bot perfectly.
The Oasis Trading Group Market Making Bot will be available as a free add-on to all OTG Trading Bot users.
If you have any questions feel free to let me know in the comments or DM me.
Average True Range - ImprovedAverage True Range - Improved is a small variation I have made to the standard ATR indicator. It will test the current ATR against the Historic Average ATR of your preference to see if the current volatility is high or low.
Once it has determined if it is high or low it will color code the circles at the top based on this information. Green means the current volatility is low and red means the current volatility is higher than the historic average.
In the settings I have also placed a couple styles, if you wish to show the ATR and Historic ATR in percent format instead of normal you can turn them on in the style settings. If you are using the percent format I recommend setting the Precision to 2-3 decimal places.
I hope you all enjoy this indicator, if you have any questions please feel free to post them in the comments.
Average True Range (VStop) GuppyThis script allows Volatility Stop, an average true range-based indicator, to be plotted like a "Guppy" multiple moving average indicator. Backtesting results seem pretty good when a solid majority of the lines are in agreement.
Of course, as is customary with my scripts, the user can select the length, source, and multiple for any of the ATR lines plotted and customize the visuals how they want.
Value added:
As far as I know, there aren't any ATR-based indicators that quite do this -- setting up a "Guppy" actually seems to help quite a lot with seeing the overall big picture & capturing the meat of a trend.
IR% - Intraday Range (% or $)Shows the percentage difference between the High and Low of the price bar expressed as a percent of the Open of that bar. In the settings, you can change to Price Change instead of percent change. This will show the price change between the High and Low for each price bar.
It can be used on any time frame.
I use it on the daily chart . I note the daily figure, and that lets me know how far the price tends to move during a typical day (no gaps included).
If using on another time frame other than the daily, then it is an intrabar calculation, not intraday.
Apply a moving average to it to see the average intraday movement after the open when using a daily chart .
The IR% of a 1-minute chart tells you the price range of that one-minute price bar, and a weekly chart will show the price range of each weekly price bar.
It only measures high to low versus the candle's open price. It does not include gaps between candles, which makes it different than the ATR. ATR is more useful for swing trading, where the trader may be holding through gaps in price, and thus wants to factor them in.
The IR% is useful for day traders because it shows how much a stock tends to move during the day (intraday range), when using a daily chart . ATR is not as effective for this because it includes gaps, which day traders can't generally capitalize on.
If the IR% is fluctuating between 5% and 10% over the last 50 days or so (on the daily chart ), day traders know that AFTER the open, the price is likely to move 5% to 10% from high point to low point. This can help with establishing profit targets, seeking out stocks that tend to move a lot within the day, or avoid these types of stocks if they are undesirable to you. Seek out low IR% stocks if you prefer lower movement during your selected time frame.
A stock may have an ATR% of 5% but ATR doesn't tell us if that movement occurred after the open or includes a gap. Some stocks are prone to gaps. They may gap 4% most days, and then only move 1% during the day. This will still be a 5% ATR%, but most of that movement ISN'T capturable each day. The IR% for this stock would only be 1%, not 5% like the ATR suggests.
I developed this because I like day trading volatile stocks, and I wanted a measure that ONLY includes movement during the day, and doesn't include price gaps in the calculation. Because as a day trader, gaps don't matter to me. I can only make money on what happens during the day, after the open.
It is similar to another indicator called Average Day Range (ADR). Although most ADR calculations are already calculated as an average (so I don't see each individual value) or plots things on the chart. This may be useful for some people, but I wanted to see the data on each price bar, have the option to add a moving average or not, and not have anything plotted on the price chart. It also nice to be able to flip from % to $ dollar movement if desired.
ATR Drift %This script plots an histogram calculated this way:
Get the previous ATR sample, calculated in the specified timeframe
Get the actual open price of the bar in the specified timeframe minus the actual price in the current timeframe
and plots the percent change between the the 2 values
For example, if you select DAY as timeframe for the ATR:
Plots the percent change between:
- ATR(daily) from yesterday
and
- open from today - actual price
Due to Tradingview limitations, only shows the plot if the actual timeframe of the graphic is equal or lower that the ATR selected timeframe
The background changes shows a new ATR sample taking place
I'm testing this for scalping in 5M timeframe with the ATR in 4H
All my published scripts at: es.tradingview.com
ATR Daily Drift %This script is an especial request from a user
Plots the percent change between:
- ATR(daily) from yesterday
and
- open from today - actual price
Due to Tradingview limitations, only shows the plot if the actual timeframe of the graphic is daily or lower.
All my published scripts at: es.tradingview.com
intraday_bondsStatistics for assisting with intraday bond trading, using five minute periods and one hour ranges. There are two tables, a volatility table and a correlation table. The correlation table shows the correlation of five minute returns (absolute) between the four different bond contracts that trade on the CME. The volatility table shows for each contract:
- The current realized volatility, based on the previous one hour of realized volatility. This figure is annualized for easy comparison with options contracts.
- The current realized volatility's z-score, based on all available data.
- The tick range of an "N" standard deviation move over one hour. Choose "N" using the stdevs input.
- The previous hour's true range (high - low).
The ranges are expressed in ticks.
GBTT Range Wave IndicatorOverview:
This script is a type of mean reversion indicator, it uses a short period EMA, the EMA5 to be exact, as its basis for a mean. From here, we run a modified version of ATR over a longer period of time to find an average range value for price movement. Finally, we calculate the cloud/band/wave by multiplying this range value by our deviation values to produce areas where the price could be considered too far from the mean (similar to an oversold or overbought scenario).
Additionally, we wrote this script with a goal to reduce or eliminate repainting. In the code, we have utilized OPEN values (instead of CLOSE) and previous candle values (not the current candle) to build all the data for the algorithm here to avoid the waves constantly moving and changing their values on real time candles. That said, this is NOT a guarantee that it will never repaint.
What you see:
Visually, the waves are always on the chart. Optionally, we provide a custom standard deviation channel based off the EMA5 (represented with a blue shading) and/or a simple ema5/21 crossover cloud. These can be used for additional confluence if desired, but are not necessary for the core function of the indicator which would be the upper and lower wave.
Intended use:
To provide educational content about the short term movement of an asset. Designed to be run on any time frame.
Disclaimer:
NOT intended to be a sole source of Technical Analysis or anything more than an educational tool!
Saty ATR LevelsThis indicator uses the previous period close and +/- 1 ATR to display significant day, multiday, swing, and position trading levels including:
- Trigger clouds for possibly going long/short @ 23.6 fib
- Mid-range level at 61.8 fib
- Full range level at +/- 1 ATR (from previous close)
- Extension level at 161.8 fib
Additionally, a convenient info table is provided that shows trend, range utilization, and numerical long/short values.
This indicator is most beneficial when you combine it with price, volume, and trend analysis. For educational content please check out the indicator website at atrlevels.com.
I am constantly improving this indicator, please use this one if you want to continue to get new features, bug fixes, and support.
Volatile Atr 1859It shows the volatility (mobility) of a cryptocurrency. Comparisons can be made between cryptocurrencies in terms of mobility. Atr period can be entered. Atr volatility can be entered. Thus, if the volatility in a bar is higher than the entered volatility, the indicator b sign goes down. The more b signs there are, the more volatile it is. Average Atr period can be entered.
Turkish: Bir kripto paranın volatilitesini (hareketliliğini) gösterir. Kripto paralar arasında hareketlilik yönünden karşılaştırma yapılabilir. Atr periodu girilebilir. Atr volatilitesi girilebilir. Böylece, bir bardaki volatilite, girilen volatiliteden yüksek ise gösterge b işareti düşer. Ne kadar çok b işareti varsa, o kadar volatildir. Ortalama Atr periodu girilebilir.
ATR Report & Tool█ OVERVIEW
This indicator reports the historical probabilities of the price trading past its Average True Range (ATR).
█ CONCEPTS
It is common knowledge that the market is not likely to trade past 1x ATR. Is this true? How much unlikely exactly? The indicator reports the data in a table and tells you precisely how often the price made it past x times ATR.
You have identified two plausible entries at different price structures or two targets at significant projections; which one should you choose? While is it possible to reach them, is this indeed probable? The indicator complements your analysis for making sounds trading decisions.
█ FEATURES
Price Selection Tool
The indicator has a price selection tool embedded. You can select a price on the chart and it will show the distance relative to the ATR so you can easily refer to the historical probability table.
Multi-Timeframe
By default, the indicator uses the daily timeframe for analyzing how much price moves compared to its average volatility during a day. To the same extent, you can set it to any other timeframe.
Configurable ATR
• Pick your preferred smoothing between the Simple Moving Average (SMA) or the Relative Moving Average (RMA).
• Set the length for getting the average price movement. For example, you can set it to 20 for the daily ATR (20 trading days in a month), 12 for the weekly ATR (3 months), or 6 for the monthly ATR.
• Select the reference between “previous” or “current” ATR value (default set on previous).
Data Window
The indicator provides additional volatility-related values and reporting data.
Others
Automatically hides the indicator when the chart’s timeframe is higher than the indicator’s one.
█ NOTES
Calculation
The volatility is calculated from the selected period's low to high. It may use the previous close when the market gaps up/down.
SuperJump Turn Back Bollinger BandThis is a simple indicator using bolinger band return.
After the candle's bolinger band broke out,
Turn back inside BB is the entry point.
Usually there are more than two triangles, so you can wait after ordering a better price.
As you already know about it, it is very dangerous for the bolinger band to enter in the reverse direction when a strong trend is created.
That's why I made the Red Line. It is calculated by ATR and will suggest you an appropriate StopLoss value.
Super Scalper - 5 Min 15 MinThis strategy is based on RSI and ATR Bands which works better in 5 and 15 Mins time frame.
Perform enough back testing with 1:2R before using in real time.
Entry only on trade on screen symbols, use additional buy/sell alerts to book profit or to trail SL.
I have also added Golden Cross Over of 65 and 21 EMA to have confirmation on trend.
SuperTrend OptimizerHello!
This indicator attempts to optimize Supertrend parameters. To achieve this, 102 parameter combinations are tested concurrently - the top three performers are listed in descending order.
Parameters,
Factor: Changes to this parameter shifts the tested factor range. For instance, increasing the factor measure from 3.00 to 3.01 (+0.01) will remove 3.00 from the tested range - this setting controls the lower threshold of the range. The upper threshold, in all instances, is the lower Factor threshold + 3.3 (i.e. 3.0(lower) - 6.3(upper), 4.0(lower) - 7.3(upper), 2.5(lower) - 5.8(upper))
ATR period: Changes to this parameter shifts the tested ATR period range. For instance, increasing the ATR measure from 10 to 11 (+1) will remove 10 from the tested range - this setting controls the lower threshold of the range. The upper threshold, in all instances, is the lower threshold + 2 (i.e. 10(lower) - 12(upper), 11(lower) - 13(upper), 9(lower), - 11(upper))
The Factor parameter is modifiable to any positive decimal number; the ATR parameter is modifiable to any positive integer. Changing either parameter shifts the tested parameter combination range. Both parameters can be changed in the settings, to which you control the lower threshold of the range. If, for instance, you were to change the Factor measurement from 3.0 to 4.1 (+1.1) the 4.0 Factor measurement, and all Factor measures less than 4.0, will be excluded from the performance test.
Consequently, a Supertrend test will be performed with a Factor of 4.1 and an ATR period of 10 (default). This test repeats at 0.1 Factor intervals and 1.0 ATR intervals.
Therefore, assume you modify the Factor lower threshold to 3.1 and the ATR lower threshold to 10. The indicator will test three Supertrend systems with a Factor of 3.1 and an ATR period of 10.. then 11.. 12, then three systems with a Factor of 3.2 and an ATR period of 10.. then 11.. 12... until (lower Factor threshold + 3.3) and (lower ATR threshold + 2) are tested... which in this example is... a Factor of 6.4 and an ATR period of 12.
The tested Factor range and ATR range are displayed in a bottom right table alongside the top performing parameter combinations.
Of course, you can change the the lower thresholds, which means you can test numerous Supertrend parameter combinations! However, no greater than 102 parameter combinations will be tested simultaneously; the best performing Supertrend parameters are plotted on the chart automatically.
I will be working on this indicator more tomorrow! Let me know if you have questions or anything you would like included!
(I of course added something fun in the script. Be sure to try it with bar replay!)
SSL + Wavetrend (7 indicators) by TradeSmartHello everyone! This script is implementing a strategy that uses 7 indicators: SSL, Wavetrend, SSL Hybrid, Keltner Channel, EMA, Candle Height and ATR. This is the 2nd best strategy that we have tested so far (based on the 100 backtests).
STRATEGY ENTRY RULES
Long entry: go long if SSL Hybrid is blue (between last candle and entry candle) and SSL Channel crosses up (green SSL line is on the top) and Wave Trend prints green dot (candle color turns yellow) and entry Candle Height is not higher than 0.6 and entry candle is inside the Keltner Channel and price target does not hit the 200 EMA.
Short entry: go short if SSL Hybrid is pink (between last candle and entry candle) and SSL Channel crosses down (red SSL line is on the top) and Wave Trend prints red dot (candle color turns blue) and entry Candle Height is not higher than 0.6 and entry candle is inside the Keltner Channel and price target does not hit the 200 EMA.
EXIT STRATEGY
The strategy will exit based on a set ATR value. Take profit and stop loss levels can be changed with risk/reward settings.
CHANGEABLE SETTINGS
Wave Trend: Channel Length, Average Length, Wave Trend Limit High, Wave Trend Limit Low
SSL: Period
SSL Hybrid: SSL1 / Baseline Type, SSL1 / Baseline Length, Base Channel Multiplier
Target Price Limit: can set 6 different limiters for long and short entries
Candle Height Limit: Limit based on, Candle Limit High, Candle Limit Low
Keltner Channel: Limit range long, Limit range short, Length, Multiplier, Source, Use Exponential MA, Bands Style, ATR Length
Exit strategy: ATR Length, ATR Smoothing, Stop Loss Multiplier (risk), Exit Price Multiplier (reward)
Setups: Capital Percentage, Risk Percentage, Allow Long Entries, Allow Short Entries
Date Range: Limit Between Dates, Start Date, End Date
Trading Time: Valid Trading Days
FIRST RELEASE SETTINGS FOR ALGOUSDT 30 M (3/19/2022)
Wave Trend: Channel Length = 11, Average Length = 19, Wave Trend Limit High = 27, Wave Trend Limit Low = -48
SSL: Period = 10
SSL Hybrid: SSL1 / Baseline Type = EMA, SSL1 / Baseline Length = 36, Base Channel Multiplier = 0.21
Target Price Limit: can set 6 different limiters for long and short entries: all false
Candle Height Limit: Limit based on: Candle Body (open/close), Candle Limit High = disabled, Candle Limit Low = enabled, 0.32
Keltner Channel: Limit range long = enabled, Full range, Limit range short = enabled, Full range, Length = 3, Multiplier = 1, Source = close, Use Exponential MA = enabled, Bands Style = Average True Range, ATR Length = 11
Exit strategy: ATR Length = 14, ATR Smoothing = EMA, Stop Loss Multiplier (risk) = 1.9, Exit Price Multiplier (reward) = 2
Setups: Capital Percentage = disabled, Risk Percentage = enabled, 1, Allow Long Entries = enabled, Allow Short Entries = enabled
Date Range: Limit Between Dates = disabled, Start Date, End Date
Trading Time: Valid Trading Days = 1234567
Hope you like this strategy, feel free to check all of our scripts. Thank you for your support!
Multi-Timeframe ATR Levels█ OVERVIEW
This indicator plots the upside and downside ATR levels popularized by Trader Dante.
█ CONCEPTS
Beyond a level's boundary, a market is trading over its average volatility. The indicator adds confirmation to "reversal" setups located at likely mean reversion. Oppositely, it highlights trades with an increased risk where the price is over-extended and when the market is possibly exhausted.
Inside the levels’ boundaries, a market is trading within its average range. The indicator adds confluence to your target selection. Indeed, a target set at or nearby a level is at reasonable reach for the selected period. In addition, it can improve your stop placement. Tucking your stop-loss outside the boundary of a level adds an extra assurance that your stop is beyond reach.
█ FEATURES
Multi-Timeframe
By default, the indicator sets the timeframe to the daily for tracking how much price moves compared to its average volatility during a day. To the same extent, you can set it to any other timeframe. For example, you can use the weekly or the monthly timeframe for adjusting your trading during the week or when approaching the end of the month.
Configurable ATR
• Pick your preferred smoothing between the Simple Moving Average (SMA) or the Relative Moving Average (RMA). The SMA is used in the original MT4 indicator, and the RMA is the default in TradingView.
• Set the length for getting the average price movement. For example, you can set it to 20 for the daily ATR (20 trading days in a month), 12 for the weekly ATR (3 months), or 6 for the monthly ATR. Also, you may set a shorter length when you want to emphasize the recent price volatility.
• Apply a custom multiplier on the ATR when you want to focus on a particular price movement.
• Select the reference between “previous” or “current” ATR value (default set on previous).
Customizable Labels
• Personalize what info to show in the labels located on the right side of the levels. You can compose the data for showing the price, the ATR, both the price and the ATR or none.
• On hovering a label, a smart tooltip displays the complementary data. The less info a label displays, the more its tooltip shows.
• Choose how to display the values. In addition to the labels, the indicator can display the last values on the price scale, the status line, and the data window.
Enhanced Coloring
At a glance, see which level the price is approaching with the "Cold & Warm" coloring or quickly glimpse when the price has reached or exceeded the ATR with the "Overflow" coloring.
Others
• Automatically hides levels when the chart’s timeframe is higher than the indicator’s one.
• Alerts setting.
█ NOTES
Calculation
Upper band = low* + ATR
Lower band = high* - ATR
*The previous close is used when a gap up/down occurs.
This is a PREMIUM indicator. I also have a free version of the Daily ATR Levels .
ATR Trading SetupThis simple script base on function of ATR Trailing Stop (aka SuperTrend) to plot Trading Setup on chart with detail as below:
1. Type of Average True Range (ATR)
+ The function calculate ATR may base on 1 of 3 type of Average: RMA, SMA, EMA
2. Trading Setup
2.1 Long setup
+ SuperTrend is upTrend
+ Entry Long at (or below) last value ATR Trailing Stop of Previous Trend (DownTrend)
+ Stop loss at first value ATR Trailing Stop of now Trend (upTrend)
+ Take profit at first value ATR Trailing Stop of Previous Trend (downTrend)
+ Move stop loss follow ATR Trailing Stop (green dot)
2.1 Short setup
+ SuperTrend is downTrend
+ Entry Short at (or above) last value ATR Trailing Stop of Previous Trend (upTrend)
+ Stop loss at first value ATR Trailing Stop of now Trend (downTrend)
+ Take profit at first value ATR Trailing Stop of Previous Trend (upTrend)
+ Move stop loss follow ATR Trailing Stop (red dot)
