Here is a perfectly coded ATR. I had said before; that I would be using a 1-hour timeframe, registered on a 4-hour timeframe.
ATR MULTIPLIER is at 1.5
ATR LENGTH 14
Entry reads: $66,715
Profit reads: $68,085
Stop reads: $65,337
The above prices is my long position. If you look at my idea, my long position isn't aligned with my ATR green blue, and red horizontal lines, they were before but that's because my ATR horizontal lines are auto. As the trend moves, the lines move meaning take profit can be greater.
This ATR works wonders but I must know where to enter and for that, I have my algo. This ATR is far better than anyone out there sold in the market trading industry.
I can stick to my long position or I can follow the ATR horizontal lines because eventually, the price will get met. Now I would say as the lines move over my long position, then anything above my target is extra as I follow the blue ATR WAVE.
If in case the trend begins to fall then it will adjust back to my long position or if the trend falls any deeper, the stop line will move downwards to a much lower price when your actual stop price is much higher.
I'm also showing you the spoofing done by whales. How is my spoofing evaluated?
Spoofing: refers to attempts to manipulate the market by placing fake orders to deceive other traders.
- The script detects spoofing by checking if there is an **unusual volume spike**, meaning the volume is significantly higher than usual (# times the ##-period moving average).
- It also checks for **price stability**, where the price change is less than #.#%.
- If both conditions are met (volume spike + stable price), a spoofing event is detected, marked with an orange triangle on the chart labeled "SPOOF."
I've completed this idea to show our next simple price. My next idea I going BRUTAL. I will use a much higher timeframe for a higher price target.