Directional ATROANDA:EURUSD
TLDR: A custom volatility indicator that combines Average True Range with candle direction.
The Directional ATR (DATR) is an indicator that enhances the traditional Average True Range (ATR) by incorporating the direction of the candle (bullish or bearish).
This indicator is designed to help traders identify trend strength, potential trend reversals, and market volatility.
Key Features:
Trend Confirmation: Positive and increasing DATR values suggest a bullish trend, while negative and decreasing values indicate a bearish trend. A higher absolute DATR value signifies a stronger trend.
Trend Reversal: A change in the direction of the DATR from positive to negative or vice versa may signal a potential trend reversal.
Volatility: Like the standard ATR, the DATR can be used to gauge market volatility, with larger absolute values indicating higher volatility and smaller values suggesting lower volatility.
Divergence: Divergence between the price and the DATR could signal a potential weakening of the trend and an upcoming reversal.
Overbought/Oversold Levels: Extreme DATR values can be used to identify overbought or oversold market conditions, signaling potential reversals or corrections.
Please note that the Directional ATR is just an indicator, and the interpretations provided are based on its underlying logic.
It is essential to combine the DATR with other technical analysis tools and test the indicator on historical data before using it in your trading strategy. Additionally, consider other factors such as risk management, and your own trading style.
Atrstop
Interactive SAR Stop-Loss [TANHEF]This indicator is "Interactive" which means some inputs can are manually added through the first click after adding the indicator to the chart (SAR Trailing Stop-loss start point).
Unlike the normal Parabolic SAR, this indicator allows for the modification of the start point of the Parabolic SAR’s first bar calculation. Normally, the Parabolic SAR automatically has a start point after the first bar of an asset’s historical price that will then switch between trailing above and below price respectively. It must be noted that due to how the first position of the Parabolic SAR is calculated, on occasion the Parabolic SAR will immediately flip on the next bar to the opposite side relative to price that it was just located. Modifying the setting “⭐Initial Interactive SAR Position Source”, then selecting either 'Clicked' or 'ATR' level as the vertical start position will prevent this. See images below for more explanation.
Why use a trailing stop-loss?
A trailing stop-loss provides an exit when price moves against you but also enables you to move the exit point further into profit when price is moving in the desired direction of a trade. The Parabolic SAR ( stop and reverse ) which is used to determine price direction as well as when price direction is changing, is very effective at functioning as a trailing stop loss.
Indicator Explanation
Initially when this indicator is added to the chart, you will be prompted to select where to begin the SAR Trailing Stop-loss.
For a long stop-loss, select below price.
For a short stop-loss, select above price.
After this indicator is placed, it can be modified via dragging or from within the settings by modifying the time and the price input. Or simply re-add the indicator to the chart. Another option is to have this Parabolic SAR begin directly on the price that was initially ‘Clicked’ or the ‘ATR’ level, which requires selecting the option in settings labeled “⭐Initial Interactive SAR Position Source”
The SAR Stop Loss plotted. Note that the calculation that occurs on this first bar of the ‘Interactive SAR’ is as if the prior bar was the oldest historical bar of the asset. Due to the SAR’s calculations, if the ‘Normal SAR’ were to also flip sides over to the position that has been manually set for the ‘Interactive SAR’, they won’t necessarily have the same result.
An optional fixed profit target can be added within the settings. This profit target will only actively be plotted when the SAR Trailing Stop-loss has not be hit yet or until the profit target has been hit.
Here shows that the profit target was hit, then later on the SAR Trailing Stop-loss was hit.
Note, trailing stop-loss will continue to be plotted until it has been hit regardless of the profit target being hit or not.
Here is an example of when the Parabolic SAR will immediately flip on the next bar to the opposite side relative to price that it was just first located. This is due to how the Parabolic SAR is calculated and will also occur with the traditional Parabolic SAR that is not interactively (manually) given a start location. To prevent this, either relocate this time in which this SAR beings or consider modifying the SAR’s (start, increment, max) settings specifically.
Here instead of using the SAR’s calculation for an initial bar, the ‘ATR’ was selected as the start point within the setting “⭐Initial Interactive SAR Position Source”.
Alerts
1. 'Check' alerts to use within indicator settings (trailing stop hit and/or profit target hit).
2. Select 'Create Alert'
3. Set the condition to 'Interactive SAR''
4. Select create.
Interactive ATR Stop-Loss [TANHEF]This indicator is "Interactive" which means some inputs can are manually added through the first click after adding the indicator to the chart (ATR Trailing Stop-loss start point). See images below for more explanation.
Why use a trailing stop-loss?
A trailing stop-loss provides an exit when price moves against you but also enables you to move the exit point further into profit when price is moving in the desired direction of a trade. The ATR (Average True Range) which is used to measure volatility, is very effective at functioning as a trailing stop loss.
Indicator Explanation
Initially when this indicator is added to the chart, you will be prompted to select where to begin the ATR Trailing Stop-loss.
For a long stop-loss, select below price.
For a short stop-loss, select above price.
After this indicator is placed, it can be modified via dragging or from within the settings by modifying the time and the price input. Or simply re-add the indicator to the chart.
The ATR Stop Loss plotted. Note that the trailing value that is considered as the stop loss value is the value of the ATR from the prior candle. The settings for the ATR calculation can be modified within the settings.
An optional fixed profit target can be added within the settings. This profit target will only actively be plotted when the ATR Trailing Stop-loss has not be hit hit yet or until the profit target has been hit.
Here shows that the profit target was hit, then later on the ATR Trailing Stop-loss was hit.
Note, trailing stop-loss will continue to be plotted until it has been hit regardless of the profit target being hit or not.
Alerts
1. 'Check' alerts to use within indicator settings (trailing stop hit and/or profit target hit).
2. Select 'Create Alert'
3. Set the condition to 'Interactive ATR''
4. Select create.
Moving Average Displaced Envelope & ATRTS Moving Average Displaced Envelope. These envelopes are calculated
by multiplying percentage factors with their displaced expotential
moving average (EMA) core.
How To Trade Using:
Adjust the envelopes percentage factors to control the quantity and
quality of the signals. If a previous high goes above the envelope
a sell signal is generated. Conversely, if the previous low goes below
the envelope a buy signal is given.
Average True Range Trailing Stops Strategy, by Sylvain Vervoort
The related article is copyrighted material from Stocks & Commodities Jun 2009
ATR TS used by filter for MADE signals.
WARNING:
- For purpose educate only
- This script to change bars colors.
SKYtrend Bruteforce Open Source✨SKYtrend Bruteforce Now Open Source✨
📌This indicator analyzes the trend and calls Long/Short which is fully custom to fit your style of trading.
📌Custom Take Profit Levels currently have 3 TP levels for Long and Short you can decide which % each TP will be in settings.
📌2 Custom Stoploss levels. For Long or Short. Can Enable or Disable either.
📌Can set alert For Long, Short , TP Long 1-3, TP Short 1-3, SL 1-2
📌Has built in ichimoku cloud
If you like it, like it. :)
8X Trend ATR SAR Dingue V58X Trend ATR SAR Dingue V5 - This is the updated version for Pine Script 5.
8x indicator into 1 :
2x ATR indicator - 3x Trend indicator - 3x SAR indicator
Trends are helpful to spot reversal and support resistance, especially on bigger time frames.
This indicator gives you a global view of various trends all at once. You can easily turn them On or Off as to not clog the screen.
Each trend is also color-coded to visualize quickly the position of the price compared to it.
You can customize lengths, adjust line sizes, have the start of a new trend marked with a circle, fill in colors.
'Tool tips' explain other settings and if you have any questions, feel free to ask in the comments below.
Thank you for the feedback and check all my ‘Dingue’ indicators.
ATR Stop BandView ATR Stop in a different timeframe, the default timeframe is 1D, the default ATR multiplier is 60%.
upperStop = current high + dayATR * 60%;
lowerStop = current low - dayATR * 60%;
ATR BandsIt has happened to everybody. You enter the market, the position gets a stop loss, then later the market goes in the direction you originally planned. Worse yet - you enter a position, the market goes in your favor, gets near the target, and then it reverses and you get stopped.
We brazilians call this a "violinado", or getting violinated. It happens either because:
1. You put the stop loss too close, or the target too far
2. You entered in the right direction, but at a wrong time
While the second point cannot be programmly adressed, the first can. One popular way of setting a stop loss is by using the average of the true range, it even has a built-in indicator in TV. The problem with it is that you can still get violinated, since as the trend develops, the stop loss only goes up, never down. So if you enter at the wrong time, one slip can still take you out of the market.
Since I got sick of losing money using a conventional stop loss, I made these ATR bands. When you add this indicator to your graph, 6 lines are going to show up, 3 above the price, 3 below it. These lines are calculated from the ATR of the last 20 periods (can be configurated). The upper lines are the high of the last candle + the ATR * the multiplicator factor, the lower lines are the low - ATR * multiplicator factor. There are three multiplicator factors: 1.0, 1.618 and 2.0, and you change them to be whatever you want.
The logic behind it is that theses bands represents the region in which the market is more likely to stay. So if you enter the market at 50.00, you can't expect it to reach 500.00 in the next hour if the ATR is 5.00. And if you set the stop loss at 49.99, it is very likely that the market is going to stop you. By using the ATR bands, you can get a more reasonable price range, so you would set the stop loss at 45.00 and the take profit level at 60.00.
There are two types os ATR you can use: the regular, calculated with RMA, and another using a custom WMA, which puts greater emphasis on large amplitudes. By default, the average uses the past 20 true ranges. You can also choose to use either the closing price or the extremes of the candle as a basis.
Another thing I've added is the violation statistics, which shows the percentages of the times that a band was violated in the next 5 candles (can be configurated). With this, you can get a broader view on the probability of the bands actually being reached.
You may have notice that the bands are lagged by 1 period. I did this so that there is no way you can use future data. You can disable it or increase it, but I recommend just letting it be 1. These bands are the range in which the price is most likely to stay in, if you change the lag you are essentially breaking it's whole purpose.
VWMA_withATRstops_strategyThis strategy follows the trend when price is above VWMA indicator. I have modified entry and exit rules to get most out of it.
Instead of entering LONG when price crosses above VWMA, I have used RSI(14) of VWMA . that way it skips the false signals. (some extent)
ENTRY
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1. VWMA setting is 33
2. When RSIofVwma is above 30 enter Long ( and also checks if price already broke the ATR Stop above line )
Stop Loss and Exits
==================
1. Exit is when price breaks the ATR stop loss
2. ATR setting is set as same VWMA Length and multiplier is 3.5
3. STOP Loss that I mentioned in the settings is being used to calculate the how many units can be purchased based on risk of capital value.
Note: There is NO hard stop loss. having above ATR stop loss works as Trailing stop loss
Warning
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For the educational purposes only
SwingArm ATR Trend IndicatorThe general idea of using SwingArms is to provide a visual confirmation of a trend change.
Green for bullish (BUY)
Red for bearish (SELL)
A color-coded system providing an easy way for a novice to understand.
Converted to TradingView based on the work of Jose Azcarate.
I hope you guys enjoy.
ATRxNIndacator shows price range calculated as previous closing price +/- ATR * multiplier
Setup options: multiplier, average type (RMA, EMA,SMA,WMA), Source and number of point to average
Индикатор показывает диапазон цен рассчитанный как цена предыдущего закрытия +/- ATR * множитель
Настраивается : Множитель, тип усреднения (RMA, EMA,SMA,WMA), Источник и Длина усреднения
SuperTrendSuperTrend is one of the most common ATR based trailing stop indicators.
In this version you can change the ATR calculation method from the settings. Default method is RMA, when the alternative method is SMA.
The indicator is easy to use and gives an accurate reading about an ongoing trend. It is constructed with two parameters, namely period and multiplier. The default values used while constructing a superindicator are 10 for average true range or trading period and three for its multiplier.
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
The buy and sell signals are generated when the indicator starts plotting either on top of the closing price or below the closing price. A buy signal is generated when the ‘Supertrend’ closes above the price and a sell signal is generated when it closes below the closing price.
It also suggests that the trend is shifting from descending mode to ascending mode. Contrary to this, when a ‘Supertrend’ closes above the price, it generates a sell signal as the colour of the indicator changes into red.
A ‘Supertrend’ indicator can be used on equities, futures or forex, or even crypto markets and also on daily, weekly and hourly charts as well, but generally, it fails in a sideways-moving market.
I had converted Supertrend indicator code for various platforms like Metastock in 2017, but in this TradingView version special credit goes to everget - Alex Orekhov which gave a great inspiration to look my indicators better with highlights, signals and alarms. Thank you Alex.
Trailing SL Strategy [QuantNomad]I'm a big fan of simple strategies.
This one is a very simple one. So it consists only from one Trailing SL. When SL is hit, the position is reversed and SL is tracked for a new position.
You can choose one of 3 types of SL:
% of your price
ATR - it is calculated as current ATR * multiplier
Absolute
As you can see even this simple strategy can show pretty good results.
VWAP-ATRstopAdapted ATR-stop with only VWAP and ATR.
Didnt test it, feel free to use it the way you want. You can turn off the bar color function and change any config.
VWAPVWMAATRAdapted ATR that i am using in BTC 15M charts. It is an usual ATR-Stop smoothed by a VWAP and a VWMA.
This crazy config i am using only for BTC, but i found others configs with others assets, like brlusd contracts.
You can turn off the barcolor function and change the lenght of the VWAP and VWMA.
IFTS+TS Strategy OverlayInverse Fisher transform on stochastic with Hull MA and Donchian Channels with oversell/overbuy levels and dynamic trailing stop
Options:
Fixed trailing stop
Dynamic, based on ATR trailing stop
Re-enter after trailing stop
Includes Hull MA
Hull MA filtration for re-entering after trailing stop
Donchian channels, with overbuy/oversell levels
No repaints
Chandelier ExitThis is a redesign of the Chandelier Exit indicator. It removes stupid transitions between Chandelier Exit' states and highlights initial points for both lines.
This indicator was originally developed by Charles Le Beau and popularized by Dr. Alexander Elder in his book "Come Into My Trading Room: A Complete Guide to Trading" (2002).
In short, this is a trailing stop-loss based on the Average True Range (ATR).
SuperTrendThis is a redesign of the SuperTrend indicator. It removes stupid transitions between SuperTrend states and highlights initial points for both lines.
SuperTrend is a moving stop and reversal line based on the volatility (ATR).
