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).
Credits to @Fractured Adapted the "Many Moving Averages" script to VP's NNFX No Nonsense Forex method. Includes: - ATR bands and labels - Price is > 1 ATR away from baseline indication Without ATR Bands and bar colors Available MAs "ALMA", "EMA", "DEMA", "TEMA", "WMA", "VWMA", "SMA", "SMMA", "HMA", "Kijun", "McGinley"
ATR Volatility Based System Jim Berg
This indicator consists of a fast and slow EMA (default lengths are 50 and 9 periods) and an upper and lower ATR band. When combined, this combination gives traders an accurate picture of both trend strength and direction. Users can modify the lengths of the fast and slow EMA , as well as the multipliers and length for the upper and lower ATR bands.
Slight modification on my previous script "ATR-Overlay" This script plots the max value of the ATR in a given period. Really straight forward, but has given me better stop-loss levels on trade entries.
ATR, with sma of ATR, made into a histogram.
Update for Crayons 0.2 Crayons is early onset hyper customizable trend reversal trading suite There is some big changes for Signal and Pivot generation and its set as Default mode so in case of nostalgia for white noise there is an option to "rollback" placed at the top of input menu As always- hyper customizable Every singal core crayon signal group will be...
ATR shows volatility. SMA of ATR measures the average volatility over a chosen look-back period (default 200). Divergence of ATR and sma is represented as a histogram. Low periods of volatility are below the zero line. High periods of volatility are above the zero line. Average volatility over a 200 period look-back is the zero value.
Increasing and decreasing volatility in respect to ATR crossing an ema of ATR. Ema acts as a proxy for look-back period as per Historical Volatility Percentile. ATR is a proxy for Volatility as per standard deviation. Divergence below ema means low volatility: the more divergence, the lower. Divergence above the ema means high volatility.
ATR plotted above and below price with a multiplier. Defaults to 2x ATR. Makes it easier to use ATR for stop or take profit.
This is a script request by trader emma that calculates atr and plots the appropriate levels based on the multiplier
Given a Traditional index, shows the different sessions overlayed with ATR
A simple indicator to overlay high and low swing points with the ATR at each point to quickly see an ATR-based stop.