I rely on this script for both my live trading and my backtesting process. I couldn’t live without it. It’s extremely simple – all it does is calculate your trailing stop price. How It Works The first number in blue is the current ATR (pips). The second number in green is your trailing stop loss price for Long trades, and the third number in red is your...
Average True Range Take Profit An objective method of determining an initial Take Profit and Stop Loss, based on true market volatility and not arbitrary price levels. Take Profit Levels and Stop Loss Levels are calculated based on multiples of Average True Range Features & Functions Option to switch between long or short Default Value Take Profit 1 = 1x...
Features: Select alternate resolution Select type of moving average Select custom multiplicator
Black line = Trade Range from the last X periods. Red Line = 61.8% of black line value. Green bar = The current trade period range. Default Value = 21 (21 days = I business month) Generally speaking, a stock moves approximately the same value daily. Knowing the approximate value it likes to stay within calms the nerves when you see retracement of price...
This 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...
What is ATR By Time? This premium indicator was inspired by my RVOL By Time indicator . It works on Stocks, Forex, Crypto and most Futures markets. Instead of calculating the ATR by recent price data, it calculates an ATR value for each candle based on that candle’s time of day. For example, if you set the Lookback setting on this indicator to 14, then instead...
This indicator includes a customizable mobile average with ATR levels
use this to show you where to place stop loss on short and long
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...
Just one more go at a zigzag, this time with the aid of renko emulator.
This 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...
Just a bunch of things I like, to determine trend direction. This script uses faster EMAs and slower SMAs. Also ATR for stops and trend reversals.
Double ATR Bands ATR can be used to calculate stop loss and take profit Recommended to take action one candle after the current candle hits the support or resistance. Long position Inner green line - take profit for long position Outer red line - stop loss for long position Short position Inner red line - take profit for short position Outer green line -...
Average True Range for trailing stops, can be set to any timeframe independently of currently-displayed timeframe This indicator is derived from but more customizable. Many thanks to HPotter for the original version
ATR Channels help you to identify where to place your stop-loss or trailing stop-loss based on price volatility, according to the Average True Range (ATR).