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Average True Range (ATR)

ATR % Line from Day LowHow can you make sure that you're not buying a stock that is too extended? By limiting your buys to within a certain percentage of either the low-of-the-day (LoD) if you're going long, or to the high-of-the-day (HoD) if you're shorting a stock. This script will help you do just that. Limiting stock purchases to within a certain percentage of the Average True Range (ATR) from the day's low or high is a risk management technique that offers several key benefits: Risk Control and Position Sizing By using ATR as a boundary, you're essentially creating a volatility-adjusted buffer. Since ATR measures recent price volatility, this approach prevents you from buying into stocks that have already moved significantly beyond their normal trading range. This helps avoid entering positions when the stock might be overextended and due for a pullback. Improved Entry Timing This strategy encourages patience and discipline. Rather than chasing a stock that's already run up substantially from its low, you wait for better entry points. For example, if you set a limit of 50% of ATR from the day's low, you're only buying when the stock hasn't moved more than half its typical daily range from the bottom. Volatility Awareness ATR naturally adjusts for each stock's individual volatility characteristics. A high-volatility stock might have an ATR of $2, while a low-volatility stock might have an ATR of $0.50. This approach scales your entry criteria appropriately for each security rather than using arbitrary dollar amounts. Reduced Emotional Trading Having a systematic rule removes the temptation to chase momentum or buy at poor technical levels. It forces you to wait for the stock to come back to more reasonable levels relative to its recent trading behavior. Better Risk-Reward Ratios By entering closer to the day's low (within your ATR percentage), you're typically getting a better risk-reward setup. Your stop loss (often placed below the day's low) will be tighter, while your potential upside remains intact. This approach works particularly well for swing traders and those looking to enter positions on pullbacks or during consolidation periods rather than breakout scenarios. To save valuable real estate on your chart, there's also an option that can give you a compact version of this indicator which will show only the "Current Day's Low/High" and "Target Price". "Target Price" being the price at which your max buy limit is based on the % ATR you choose in settings.
Pine Script® indicator
by BigWaveChartist
ATR (14) WatermarkThis lightweight overlay displays the ATR (14) value and its percentage of the current price directly on your chart — along with a visual cue (🔴🟡🟢) to indicate volatility levels. This tool is perfect for traders who want to quickly assess volatility without crowding the chart with lines or indicators. 🔧 Features: ATR (14) value and percentage of current price 🔴 High, 🟡 Medium, 🟢 Low volatility indicator Adjustable vertical & horizontal positioning Fully configurable text size and color Clean, unobtrusive table watermark overlay
Pine Script® indicator
by Puzirsky
🕯️ Full Candle Size AnalyzerFull Candle Size Analyzer – Detect Volatility with Visuals and Alerts This all-in-one indicator is designed to help traders spot large candles based on high–low range, a key measure of price volatility. It provides a clear visual representation and customizable alerts when candle sizes exceed average behavior. Features: 🎯 Candle Coloring: Automatically colors candles red if their full size (High - Low) exceeds a user-defined multiple of the average candle size. 📊 Size Plotting: Displays both current candle size and its moving average in a separate pane for easy visual comparison (toggle on/off). 🚨 Alerts: Alerts when candle size exceeds a more aggressive threshold (customizable). 🎨 Background Highlights: Light red background flags extremely large candles visually. ⚙️ Customizable Settings: Choose your average period, thresholds for coloring and alerting, and plot visibility.
Pine Script® indicator
by Anmolneb
X-Day Capital Efficiency ScoreThis indicator helps identify the Most Profitable Movers for Your fixed Capital (ie, which assets offer the best average intraday profit potential for a fixed capital). Unlike traditional volatility indicators (like ATR or % change), this script calculates how much real dollar profit you could have made each day over a custom lookback period — assuming you deployed your full capital into that ticker daily. How it works: Calculates the daily intraday range (high − low) Filters for clean candles (where body > 60% of the candle range) Assumes you invested the full amount of capital ($100K set as default) on each valid day Computes an average daily profit score based on price action over the selected period (default set to 20 days) Plots the score in dollars — higher = more efficient use of capital Why It’s Useful: Compare tickers based on real dollar return potential — not just % volatility Spot low-priced, high-volatility stocks that are better suited for intraday or momentum trading Inputs: Capital ($): Amount you're hypothetically deploying (e.g., 100,000) Look Back Period: Number of past days to average over (e.g., 20)
Pine Script® indicator
by FYMDGLV
ATR-Multiple from 50SMAThis indicator provides a nuanced view of price extension by calculating the distance between the current price and its 50-period Simple Moving Average. This distance is not measured in simple percentage terms but is quantified in multiples of the Average True Range (ATR), offering a volatility-adjusted perspective on how far an asset has moved from its mean. The primary goal is to help traders identify potentially overextended conditions, which can often precede price consolidation or reversals. As a general guideline, when an asset's price stretches to multiples of 7 ATRs or more above its 50-day SMA, it often enters a zone where significant profit-taking may occur. By visualizing this extension, the indicator can serve as a powerful tool for gauging when to consider taking profits on existing long positions. Furthermore, it can act as a cautionary signal, helping traders avoid initiating new long positions in assets that are already significantly stretched and may be poised for a pullback. Features Volatility-Adjusted Extension Measures the distance from the 50 SMA in terms of ATR multiples, providing a more standardized way to compare extension across different assets and time periods. Daily Timeframe Consistency By default, the indicator uses the daily SMA and ATR for its calculations, regardless of the chart's current timeframe. This ensures a consistent and meaningful measure of extension rooted in the daily trend. Histogram Visualization Displays the result as a clear histogram in a separate pane, making it easy to track the extension level over time and identify historical extremes. Dynamic Color-Coding The histogram bars are color-coded to visually highlight different levels of extension. The colors shift as the price moves further from the mean, providing an intuitive at-a-glance reading. Key Threshold Markers Includes pre-set horizontal lines at the 7 and 10 ATR multiples to clearly mark the zones of potential profit-taking and extreme extension, respectively. Built-in Alerts Comes with configurable alert conditions that can notify you when the price reaches the "profit-taking" threshold (7 ATRs) or the "extreme extension" threshold (10 ATRs). Customization Options MA & ATR Periods You can adjust the length for the Simple Moving Average (default 50) and the Average True Range (default 14) to suit your specific analytical needs. Timeframe Source A toggle allows you to switch between always calculating using daily data (the default and recommended setting) or using the data from the current chart's timeframe. Color Display Style You can choose between a smooth color gradient that transitions elegantly with the extension level or a distinct, step-based color display for a clearer visual separation of the defined zones. Full Color Scheme Control Every visual element is fully customizable. You can change the colors for the regular extension, the "get ready," "profit-taking," and "extreme" levels, as well as the horizontal reference lines.
Pine Script® indicator
by shftd
Multi TF Oscillators Screener [TradingFinder] RSI / ATR / Stoch🔵 Introduction The oscillator screener is designed to simplify multi-timeframe analysis by allowing traders and analysts to monitor one or multiple symbols across their preferred timeframes—all at the same time. Users can track a single symbol through various timeframes simultaneously or follow multiple symbols in selected intervals. This flexibility makes the tool highly effective for analyzing diverse markets concurrently. At the core of this screener lie two essential oscillators: RSI (Relative Strength Index) and the Stochastic Oscillator. The RSI measures the speed and magnitude of recent price movements and helps identify overbought or oversold conditions. It's one of the most reliable indicators for spotting potential reversals. The Stochastic Oscillator, on the other hand, compares the current price to recent highs and lows to detect momentum strength and potential trend shifts. It’s especially effective in identifying divergences and short-term reversal signals. In addition to these two primary indicators, the screener also displays helpful supplementary data such as the dominant candlestick type (Bullish, Bearish, or Doji), market volatility indicators like ATR and TR, and the four key OHLC prices (Open, High, Low, Close) for each symbol and timeframe. This combination of data gives users a comprehensive technical view and allows for quick, side-by-side comparison of symbols and timeframes. 🔵 How to Use This tool is built for users who want to view the behavior of a single symbol across several timeframes simultaneously. Instead of jumping between charts, users can quickly grasp the state of a symbol like gold or Bitcoin across the 15-minute, 1-hour, and daily timeframes at a glance. This is particularly useful for traders who rely on multi-timeframe confirmation to strengthen their analysis and decision-making. The tool also supports simultaneous monitoring of multiple symbols. Users can select and track various assets based on the timeframes that matter most to them. For example, if you’re looking for entry opportunities, the screener allows you to compare setups across several markets side by side—making it easier to choose the most favorable trade. Whether you’re a scalper focused on low timeframes or a swing trader using higher ones, the tool adapts to your workflow. The screener utilizes the widely-used RSI indicator, which ranges from 0 to 100 and highlights market exhaustion levels. Readings above 70 typically indicate potential pullbacks, while values below 30 may suggest bullish reversals. Viewing RSI across timeframes can reveal meaningful divergences or alignments that improve signal quality. Another key indicator in the screener is the Stochastic Oscillator, which analyzes the closing price relative to its recent high-low range. When the %K and %D lines converge and cross within the overbought or oversold zones, it often signals a momentum reversal. This oscillator is especially responsive in lower timeframes, making it ideal for spotting quick entries or exits. Beyond these oscillators, the table includes other valuable data such as candlestick type (bullish, bearish, or doji), volatility measures like ATR and TR, and complete OHLC pricing. This layered approach helps users understand both market momentum and structure at a glance. Ultimately, this screener allows analysts and traders to gain a full market overview with just one look—empowering faster, more informed, and lower-risk decision-making. It not only saves time but also enhances the precision and clarity of technical analysis. 🔵 Settings 🟣 Display Settings Table Size : Lets you adjust the table’s visual size with options such as: auto, tiny, small, normal, large, huge. Table Position : Sets the screen location of the table. Choose from 9 possible positions, combining vertical (top, middle, bottom) and horizontal (left, center, right) alignments. 🟣 Symbol Settings Each of the 10 symbol slots comes with a full set of customizable parameters : Enable Symbol : A checkbox to activate or hide each symbol from the table. Symbol : Define or select the asset (e.g., XAUUSD, BTCUSD, EURUSD, etc.). Timeframe : Set your desired timeframe for each symbol (e.g., 15, 60, 240, 1D). RSI Length : Defines the period used in RSI calculation (default is 14). Stochastic Length : Sets the period for the Stochastic Oscillator. ATR Length : Sets the length used to calculate the Average True Range, a key volatility metric. 🔵 Conclusion By combining powerful oscillators like RSI and Stochastic with full customization over symbols and timeframes, this tool provides a fast, flexible solution for technical analysts. Users can instantly monitor one or several assets across multiple timeframes without opening separate charts. Individual configuration for each symbol, along with the inclusion of key metrics like candlestick type, ATR/TR, and OHLC prices, makes the tool suitable for a wide range of trading styles—from scalping to swing and position trading. In summary, this screener enables traders to gain a clear, high-level view of various markets in seconds and make quicker, smarter, and lower-risk decisions. It saves time, streamlines analysis, and boosts overall efficiency and confidence in trading strategies.
Pine Script® indicator
by TFlab
2
Adaptive Momentum Scalper (AMS) - ADX/RSI Filters Fixed### 📘 Strategy Description: **Adaptive Momentum Scalper (AMS) – Prop Firm Edition** The **Adaptive Momentum Scalper (AMS)** is a breakout-based trend-following strategy designed with **prop firm trading rules and risk management** in mind. It combines volatility, momentum, and trend filters with dynamic sizing to manage risk across changing market conditions. #### ✅ Core Features: * **Breakout Logic**: Enters long or short when price breaks above/below a short-term range. * **Momentum Filter**: Confirms breakouts with ATR-based price momentum. * **Trend Filter**: Uses EMA(20) to ensure directional bias. * **Volatility Filter**: Requires ATR > ATR average to avoid choppy zones. * **ADX Filter (Optional)**: Confirms strength of trend (default ADX > 20). * **RSI Zone Filter (Optional)**: Limits long trades to RSI > 50, shorts to RSI < 50. * **Dynamic Position Sizing**: Risk-based lot sizing tied to ATR and account equity. * **Hard SL/TP or Time-Based Exit**: Trades close by target, stop, or max bars in trade. * **Session Filtering**: Trade only within configured hours (to avoid high spread periods). * **Prop Firm Safety-Oriented**: Configurable to stay within max drawdown rules. --- ### ⚙️ Settings: * **Risk per Trade** (% of equity) * **ATR multipliers** for stop loss and take profit * **Trading hours** (e.g. 1 AM to 10 PM EST) * **Max bars in trade before exit** * **Enable/disable**: * ADX filter * RSI filter --- ### 🎯 Ideal Use: * Scalping on **Gold (XAUUSD)** or other volatile assets. * Forward testing under prop firm conditions (3% daily / 6% max drawdown). * Identifying breakout opportunities with strong trend and momentum backing.
Pine Script® strategy
by jf1778
SLTP v3Sometimes when you are entrying a position or placing a limit/stop order, you only see one or even none key price level to set as TP (Take Profit) or SL (Stop Loss) conditional orders. You can use this SLTP to choose proper price levels to set as TP or SL. This indicator is highly custom. Remember to alter the color of the short side to your background color when you are about to long a security and do the same to the long side when you are about to short. By the way the reference levels are based on volatility of last 14 bars of your security. Will keep updating this indicator with high pratical value but not today. Peace out 有时当你进入一个头寸或设置限价/止损订单时，你可能只看到一个甚至没有关键价格水平可以设置为获利（Take Profit，TP）或止损（Stop Loss，SL）条件订单。你可以使用这个SLTP指标来选择合适的价格水平设置为TP或SL。这个指标高度可定制。当你打算买入证券时，记得将空头一侧的颜色改为与背景颜色一致；当你打算做空时，也对多头一侧做同样的调整。 顺便说一下，参考水平是基于证券最近14根K线的波动率来计算的。 我会持续更新这个具有高实用价值的指标，但不是今天。 祝好！
Pine Script® indicator
by jtwongresearch
1
Adaptive Momentum Scalper (AMS) - Prop Firm Safe**This has only been used in TV strategy testing and has not been used by me on a live account yet.** This is a strategy is a quick momentum trading with a close stop loss. This scalping strategy looks for big candles and momentum and enters a quick trade. SL and TP are ATR based and the duration of open time is limited to the number of candles entered in the settings. Please take a look and let me know your thoughts. If anyone can collect some solid data on forward testing please let me know.
Pine Script® strategy
by jf1778
Toolbar-FrenToolbar-Fren is a comprehensive, data-rich toolbar designed to present a wide array of key metrics in a compact and intuitive format. The core philosophy of this indicator is to maximize the amount of relevant, actionable data available to the trader while occupying minimal chart space. It leverages a dynamic color-coded system to provide at-a-glance insights into market conditions, instantly highlighting positive/negative values, trend strength, and proximity to important technical levels. Features and Data Displayed The toolbar displays a vertical column of critical data points, primarily calculated on the Daily timeframe to give a broader market context. Each cell is color-coded for quick interpretation. DAY: The percentage change of the current price compared to the previous day's close. The cell is colored green for a positive change and red for a negative one. LOD: The current price's percentage distance from the Low of the Day. HOD The current price's percentage distance from the High of the Day. MA Distances (9/21 or 10/20, 50, 200) These cells show how far the current price is from key Daily moving averages (MAs). The values are displayed either as a percentage distance or as a multiple of the Average Daily Range (ADR), which can be toggled in the settings. The cells are colored green if the price is above the corresponding MA (bullish) and red if it is below (bearish). ADR Shows the 14-period Average Daily Range as a percentage of the current price. The cell background uses a smooth gradient from green (low volatility) to red (high volatility) to visualize the current daily range expansion. ADR%/50: A unique metric showing the distance from the Daily 50 SMA, measured in multiples of the 14-period Average True Range (ATR). This helps quantify how extended the price is from its mean. The cell is color-coded from green (close to the mean) to red (highly extended). RSI The standard 14-period Relative Strength Index calculated on the Daily timeframe. The background color changes to indicate potentially overbought (orange/red) or oversold (green) conditions. ADX The 14-period Average Directional Index (ADX) from the Daily timeframe, which measures trend strength. The cell is colored to reflect the strength of the trend (e.g., green for a strong trend, red for a weak/non-trending market). An arrow (▲/▼) is also displayed to indicate if the ADX value is sloping up or down. User Customization The indicator offers several options for personalization to fit your trading style and visual preferences: MA Type Choose between using Exponential Moving Averages (EMA 9/21) or Simple Moving Averages (SMA 10/20) for the primary MA calculations. MA Distance Display Toggle the display of moving average distances between standard percentage values and multiples of the Average Daily Range (ADR). Display Settings Fully customize the on-chart appearance by selecting the table's position (e.g., Top Right, Bottom Left) and the text size. An option for a larger top margin is also available. Colors Personalize the core Green, Yellow, Orange, and Red colors used throughout the indicator to match your chart's theme. Technical Parameters Fine-tune the length settings for the ADX and DI calculations.
Pine Script® indicator
by shftd
ATR-Stop-SurvivalHow to Use the ATR-Stop-Survival Indicator This indicator was designed to prioritize functionality, removing unnecessary elements and focusing only on what is essential for survival in the financial market. It is easy to understand for both beginner and experienced traders, avoiding visual clutter and unnecessary buttons. Key Features: Uses only 1 indicator on the chart, unlike the previous version, which consumed 2 indicators. Recommended for 4-hour timeframes. If desired, it can also be used in 2-hour or 3-hour intervals. Not recommended for daily, weekly, or monthly timeframes, as they are too long and may lead to significant financial losses due to stop-loss activation. ATR Period Adjustment: The default is 14, but it can be set to 20, if preferred. ATR Multiplier Settings: 1.5 (Conservative) → For calm and stable assets. 2.0 (Aggressive) → For volatile, fast-moving assets with high candle retracement. This indicator is a practical tool that ensures clarity and efficiency, allowing traders to focus only on critical market movements without distractions.
Pine Script® indicator
by Canhoto-Medium
ATR Keltner Channels [iryna]Hello! I’m excited to share my custom ATR Keltner Channel script, built around a 21-period EMA and ATR-based volatility bands. I am using this tool myself for watching price behavior, any pullbacks or breakouts, and to visualize dynamic support and resistance. How it works: • The centerline is a 21-day Exponential Moving Average (EMA), giving you a smooth sense of the trend. • The upper and lower bands are calculated using Average True Range (ATR), so they expand and contract based on volatility. • The upper and lower bands are x1ATR, x2ATR, x3ATR. All my knowledge comes from SpikeTrade community, where I am learning from Kerry Lovvorn and Alexander Elder. Let me know if you have any suggestions to improve or update! Have a fruitful trading session! - Iryna
Pine Script® indicator
by learningInstinct
ATR RopeATR Rope is inspired by DonovanWall's "Range Filter". It implements a similar concept of filtering out smaller market movements and adjusting only for larger moves. In addition, this indicator goes one step deeper by producing actionable zones to determine market state. (Trend vs. Consolidation) > Background When reading up on the Range Filter indicator, it reminded me exactly of a Rope stabilization drawing tool in a program I use frequently. Rope stabilization essentially attaches a fixed length "rope" to your cursor and an anchor point (Brush). As you move your cursor, you are pulling the brush behind it. The cursor (of course) will not pull the brush until the rope is fully extended, this behavior filters out jittery movements and is used to produce smoother drawing curves. If compared visually side-by-side, you will notice that this indicator bears striking resemblance to its inspiration. > Goal Other than simply distinguishing price movements between meaningful and noise, this indicator strives to create a rigid structure to frame market movements and lack-there-of, such as when to anticipate trend, and when to suspect consolidation. Since the indicator works based on an ATR range, the resulting ATR Channel does well to get reactions from price at its extremes. Naturally, when consolidating, price will remain within the channel, neither pushing the channel significantly up or down. Likewise, when trending, price will continue to push the channel in a single direction. With the goal of keeping it quick and simple, this indicator does not do any smoothing of data feeds, and is simply based on the deviation of price from the central rope. Adjusting the rope when price extends past the threshold created by +/- ATR from the rope. > Features & Behaviors - ATR Rope ATR Rope is displayed as a 3 color single line. This can be considered the center line, or the directional line, whichever you'd prefer. The main point of the Rope display is to indicate direction, however it also is factually the center of the current working range. - ATR Rope Color When the rope's value moves up, it changes to green (uptrend), when down, red (downtrend). When the source crosses the rope, it turns blue (flat). With these simple rules, we've formed a structure to view market movements. - Consolidation Zones Consolidation Zones generate from "Flat" areas, and extend into subsequent trend areas. Consolidation is simply areas where price has crossed the Rope and remains inside the range. Over these periods, the upper and lower values are accumulated and averaged together to form the "Consolidation Zone" values. These zones are draw live, so values are averaged as the flat areas progress and don't repaint, so all values seen historically are as they would appear live. - ATR Channel ATR Channel displays the upper and lower bounds of the working range. When the source moves beyond this range, the rope is adjusted based on the distance from the source to the channel. This range can be extremely useful to view, but by default it is hidden. > Application This indicator is not created to provide signals, or serve as a "complete" system. (People who didn't read this far will still comment for signals. :) ) This is created to be used alongside manual interpretation and intuition. This indicator is not meant to constrain any users into a box, and I would actually encourage an open mind and idea generation, as the application of this indicator can take various forms. > Examples As you would probably already know, price movement can be fast impulses, and movement can be slow bleeds. In the screenshot below, we are using movements from and to consolidation zones to classify weak trend and strong trend. As you can see, there are also areas of consolidation which get broken out of and confirmed for the larger moves. Author's Note: In each of these examples, I have outlined the start and end of each session. These examples come from 1 Min Future charts, and have specifically been framed with day trading in mind. "Breakout Retest" or "Support/Resistance Flips" or "Structure Retests" are all generally the same thing, with different traders referring to them by different names, all of which can be seen throughout these examples. In the next example, we have a day which started with an early reversal leading into long, slow, trend. Notice how each area throughout the trend essentially moves slightly higher, then consolidates while holding support of the previous zone. This day had a few sharp movements, however there was a large amount of neutrality throughout this day with continuous higher lows. In contrast to the previous example, next up, we have a very choppy day. Throughout which we see a significant amount of retests before fast directional movements. We also see a few examples of places where previous zones remained relevant into the future. While the zones only display into the resulting trend area, they do not become immediately meaningless once they stop drawing. > Abstract In the screenshot below, I have stacked 2 of these indicators, using the high as the source for one and the low as the source for the other. I've hidden lines of the high and low channels to create a 4 lined channel based on the wicks of price. This is not necessary to use the indicator, but should help provide an idea of creative ways the simple indicator could be used to produce more complicated analysis. If you've made it this far, I would hope it's clear to you how this indicator could provide value to your trading. Thank you to DonovonWall for the inspiration. Enjoy!
Pine Script® indicator
by SamRecio
6
Choppiness ZONE OverlayPurpose This script overlays choppiness zones directly onto the price chart to help traders identify whether the market is trending or ranging. It is designed to filter out low-probability trades during high choppiness conditions. How It Works Calculates the Choppiness Index over a user-defined period using ATR and price range. Divides choppiness into four zones: 30 to 40: Low choppiness, possible trend initiation, shown in yellow. 40 to 50: Moderate choppiness, transition zone, shown in orange. 50 to 60: High choppiness, weakening momentum, shown in red. 60 and above: Extreme choppiness, avoid trading, shown in purple. Highlights each zone with customizable color fills between the high and low of the selected range. Triggers a real-time alert when choppiness exceeds 60. Features Customizable choppiness zones and color settings. Real-time alert when market becomes extremely choppy (choppiness ≥ 60). Visual zone overlay on the price chart. Compatible with all timeframes. Lightweight and responsive for scalping, intraday, or swing trading. Tip Use this tool as a volatility or trend filter. Combine it with momentum or trend-following indicators to improve trade selection.
Pine Script® indicator
by alghamdi_meriam
System 0530 - Stoch RSI Strategy with ATR filterStrategy Description: System 0530 - Multi-Timeframe Stochastic RSI with ATR Filter Overview: This strategy, "System 0530," is designed to identify trading opportunities by leveraging the Stochastic RSI indicator across two different timeframes: a shorter timeframe for initial signal triggers (assumed to be the chart's current timeframe, e.g., 5-minute) and a longer timeframe (15-minute) for signal confirmation. It incorporates an ATR (Average True Range) filter to help ensure trades are taken during periods of adequate market volatility and includes a cooldown mechanism to prevent rapid, successive signals in the same direction. Trade exits are primarily handled by reversing signals. How It Works: 1. Signal Initiation (e.g., 5-Minute Timeframe): Long Signal Wait: A potential long entry is considered when the 5-minute Stochastic RSI %K line crosses above its %D line, AND the %K value at the time of the cross is at or below a user-defined oversold level (default: 30). Short Signal Wait: A potential short entry is considered when the 5-minute Stochastic RSI %K line crosses below its %D line, AND the %K value at the time of the cross is at or above a user-defined overbought level (default: 70). When these conditions are met, the strategy enters a "waiting state" for confirmation from the 15-minute timeframe. 2. Signal Confirmation (15-Minute Timeframe): Once in a waiting state, the strategy looks for confirmation on the 15-minute Stochastic RSI within a user-defined number of 5-minute bars (wait_window_5min_bars, default: 5 bars). Long Confirmation: The 15-minute Stochastic RSI %K must be greater than or equal to its %D line. The 15-minute Stochastic RSI %K value must be below a user-defined threshold (stoch_15min_long_entry_level, default: 40). Short Confirmation: The 15-minute Stochastic RSI %K must be less than or equal to its %D line. The 15-minute Stochastic RSI %K value must be above a user-defined threshold (stoch_15min_short_entry_level, default: 60). 3. Filters: ATR Volatility Filter: If enabled, trades are only confirmed if the current ATR value (converted to ticks) is above a user-defined minimum threshold (min_atr_value_ticks). This helps to avoid taking signals during periods of very low market volatility. If the ATR condition is not met, the strategy continues to wait for the condition to be met within the confirmation window, provided other conditions still hold. Signal Cooldown Filter: If enabled, after a signal is generated, the strategy will wait for a minimum number of bars (min_bars_between_signals) before allowing another signal in the same direction. This aims to reduce overtrading. 4. Entry and Exit Logic: Entry: A strategy.entry() order is placed when all trigger, confirmation, and filter conditions are met. Exit: This strategy primarily uses reversing signals for exits. For example, if a long position is open, a confirmed short signal will close the long position and open a new short position. There are no explicit take profit or stop loss orders programmed into this version of the script. Key User-Adjustable Parameters: Stochastic RSI Parameters: RSI Length, Stochastic RSI Length, %K Smoothing, %D Smoothing. Signal Trigger & Confirmation: 5-minute %K trigger levels for long and short. 15-minute %K confirmation thresholds for long and short. Wait window (in 5-minute bars) for 15-minute confirmation. Filters: Enable/disable and configure the Signal Cooldown filter (minimum bars between signals). Enable/disable and configure the ATR Volatility filter (ATR period, minimum ATR value in ticks). Strategy Parameters: Leverage Multiplier (Note: This primarily affects theoretical position sizing for backtesting calculations in TradingView and does not simulate actual leveraged trading risks). Recommendations for Users: Thorough Backtesting: Test this strategy extensively on historical data for the instruments and timeframes you intend to trade. Parameter Optimization: Experiment with different parameter settings to find what works best for your trading style and chosen markets. The default values are starting points and may not be optimal for all conditions. Understand the Logic: Ensure you understand how each component (Stochastic RSI on different timeframes, ATR filter, cooldown) interacts to generate signals. Risk Management: Since this version does not include explicit stop-loss orders, ensure you have a clear risk management plan in place if trading this strategy live. You might consider manually adding stop-loss orders through your broker or using TradingView's separate strategy order settings for stop-loss if applicable. Disclaimer: This strategy description is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Trading involves significant risk of loss. Always do your own research and understand the risks before trading.
Pine Script® strategy
by Archertoria
ATR-InfoWHAT IT SHOWS - ATR (): Average True Range of the chosen timeframe, printed with the instrument’s native tick precision (format.mintick). - ATR % PRICE: ATR divided by the latest close, multiplied by 100 – the range as a percentage of current price. - LEN / TF: The ATR length and timeframe you selected (shown in small print). INPUTS - ATR Length (default 14) - ATR Timeframe (for example 60, D, W) - Design settings: table position, font size, colours, border EXAMPLES BTC-USD: price 67 800, ATR 2 450, ATR % 3.6 NQ E-Mini: price 18 230, ATR 355, ATR % 1.9 CL WTI: price 76.40, ATR 2.10, ATR % 2.8 EUR-USD: price 1.0860, ATR 0.0075, ATR % 0.69 USE CASES Volatility-adjusted stops: place your stop roughly one ATR beyond the entry price. Position sizing: money at risk divided by ATR gives the number of contracts or coins. Market selection: trade assets only when their ATR % sits in your preferred range. Strategy filter: trigger entries or exits only when ATR % crosses a chosen threshold. LIMITS ATR is descriptive; it does not predict future moves. Illiquid symbols may show exaggerated ATR spikes. ATR % ignores differing session lengths (24/7 crypto versus exchange-traded hours).
Pine Script® indicator
by lou_fx
BK AK-Scope🔭 Introducing BK AK-Scope — Target Locked. Signal Acquired. 🔭 After building five precision weapons for traders, I’m proud to unveil the sixth. BK AK-Scope — the eye of the arsenal. This is not just an indicator. It’s an intelligence system for volatility, signal clarity, and rate-of-change dynamics — forged for elite vision in any market terrain. 🧠 Why “Scope”? And Why “AK”? Every shooter knows: you can’t hit what you can’t see. The Scope brings range, clarity, and target distinction. It filters motion from noise. Purpose from panic. “AK” continues to honor the man who trained my sight — my mentor, A.K. His discipline taught me to wait for alignment. To move with reason, not emotion. His vision lives in every code line here. 🔬 What Is BK AK-Scope? A Triple-Tier TSI Correlation Engine, fused with adaptive opacity logic, a volatility scoring system, and real-time signal clarity. It’s momentum dissected — by speed, depth, and rate of change. Built to serve traders who: Need visual hierarchy between fast, mid, and slow TSI responses. Want adaptive fills that pulse with volatility — not static zones. Require a volatility scoring overlay that reads the battlefield in real time. ⚙️ Core Systems: How BK AK-Scope Works ✅ Fast/Mid/Slow TSI → Three layers of correlation: like scopes with zoom levels. You track micro moves, mid swings, and macro flow simultaneously. ✅ Rate-of-Change Adaptive Opacity → Momentum fills fade or flash based on speed — giving you movement density at a glance. Bull vs. Bear zones adapt to strength. You feel the market’s pulse. ✅ Volatility Score Intelligence → Custom algorithm measuring: Range expansion Rate-of-change differentials ATR dynamics Standard deviation pressure All combined into a score from 0–100 with live icons: 🔥 = Extreme Heat (70+) 🧊 = Cold Zone (<30) ⚠️ = ROC Warning • = Neutral drift ✅ Auto-Detect Volatility Modes → Scalp = <15min Swing = intraday/hourly Macro = daily/weekly Or override manually with total control. 🎯 How To Use BK AK-Scope 🔹 Trend Continuation → When all three TSI layers align in direction + volatility score climbs, ride with the trend. 🔹 Early Reversals → Opposing TSI + rapid opacity change + volatility shift = sniper reversal zone. 🔹 Consolidation Filter → Neutral fills + score < 30 = stay out, wait for signal surge. 🔹 Signal Confluence → Pair with: • Gann fans or angles • Fib time/price clusters • Elliott Wave structure • Harmonics or divergence To isolate entry perfection. 🛡️ Why This Indicator Changes the Game It's not just momentum. It’s TSI with depth hierarchy. It’s not just color. It’s real-time strength visualization. It’s not just volatility. It’s rate-weighted market intelligence. This is market optics for the advanced trader — built for vision, clarity, and discipline. 🙏 Final Thoughts 🔹 In honor of A.K., my mentor. The man who taught me to see what others miss. 🔹 Inspired by the power of vision — because execution without clarity is chaos. 🔹 Powered by faith — because Gd alone gives sight beyond the visible. “He gives sight to the blind and wisdom to the humble.” — Psalms 146 Every tool I build is a prayer in code — that it helps someone trade with clarity, integrity, and precision. ⚡ Zoom In. Focus Deep. Trade Clean. BK AK-Scope — Lock on the target. See what others don’t. 🔫 Clarity is power. 🔫 Gd bless. 🙏
Pine Script® indicator
by Ki11a_B
RSI SwingRadar🧠 Strategy Overview This long-only strategy combines RSI/MA crossovers with ATR-based risk management, designed for cleaner entries during potential bounce phases — especially tuned for assets like XMR/USDT. 🔍 Core Logic: - RSI Crossover: Entry occurs when the 14-period RSI crosses above its 14-period SMA, signaling a potential shift in momentum. - Oversold Filter: The RSI must have been below a user-defined oversold threshold (default: 35) on the previous candle, filtering for bounce setups after a pullback. - ATR-Based Stop/Target: Stop-loss is placed below the low by a user-adjustable ATR multiplier (default: 0.5×). Take-profit is calculated with a Risk:Reward multiplier (default: 4×). These elements work in tandem — RSI crossovers give momentum confirmation, oversold filtering adds context, and ATR-based exits adapt to volatility, creating a compact yet responsive strategy. 📉 Visuals: - Dynamic Bands: The chart displays the active stop-loss, entry price, and take-profit as colored bands for easy visual tracking. - Clean Overlay: Designed with simplicity — only confirmed setups are shown, keeping noise low. ✅ Suggested Use: - Works best on XMR/USDT or similarly trending assets. - Best suited for pullback entries during broader uptrends. - Adjustable for different volatility conditions and asset behaviors. ⚠️ Disclaimer - This strategy is for educational and research purposes only. - It does not guarantee profitability in any market. - Always backtest, forward-test, and understand your own risk tolerance before using any strategy in a live environment. - Past performance is not indicative of future results. - This script is not financial advice.
Pine Script® strategy
by TheWaveHunter
Trend Surge with Pullback FilterTrend Surge with Pullback Filter Overview Trend Surge with Pullback Filter is a price action-based strategy designed to enter strong trends not at the breakout, but at the first controlled pullback after a surge. It filters out noise by requiring momentum confirmation and low volatility conditions, aiming for better entry prices and reduced risk exposure. How It Works A strong upward trend is identified when the Rate of Change (ROC) exceeds a defined percentage (e.g., 2%). Instead of jumping into the trend immediately, the strategy waits for a pullback: the price must drop at least 1% below its recent high (over the past 3 candles). A low volatility environment is also required for entry — measured using ATR being below its 20-period average multiplied by a safety factor. If all three conditions are met (trend + pullback + quiet volatility), the system enters a long position. The trade is managed using a dynamic ATR-based stop-loss and a take-profit at 2x ATR. An automatic exit occurs after 30 bars if neither SL nor TP is hit. Key Features - Momentum-triggered trend detection via ROC - Smart pullback filter avoids overbought entries - Volatility-based filter to eliminate noise and choppy conditions - Dynamic risk-reward ratio with ATR-driven exit logic - Time-limited exposure using bar-based exit Parameter Explanation ROC Length (10): Looks for short-term price surges ROC Threshold (2.0%): Trend is considered valid if price increased more than 2% Pullback Lookback (3): Checks last 3 candles for price retracement Minimum Pullback % (1.0%): Entry only if price pulled back at least 1% ATR Length (14): Measures current volatility Low Volatility Multiplier (1.2): ATR must be below this multiple of its 20-period average Risk-Reward (2.0): Target is set at 2x the stop-loss distance Max Bars (30): Trade is closed automatically after 30 bars Originality Statement This strategy doesn’t enter at the trend start, unlike many momentum bots. Instead, it waits for the first market hesitation — a minor pullback under low volatility — before entering. This logic mimics how real traders often wait for a better entry after a breakout, avoiding emotional overbought buys. The combined use of ROC, dynamic pullback detection, and ATR-based environment filters makes it both practical and original for real-world trading. Disclaimer This strategy is intended for educational and research purposes. Backtest thoroughly and understand the logic before using with real capital.
Pine Script® strategy
by CMATechnologies
Volatility Pulse with Dynamic ExitVolatility Pulse with Dynamic Exit Overview This strategy, Volatility Pulse with Dynamic Exit, is designed to capture impulsive price moves following volatility expansions, while ensuring risk is managed dynamically. It avoids trades during low-volatility periods and uses momentum confirmation to enter positions. Additionally, it features a time-based forced exit system to limit overexposure. How It Works A position is opened when the current ATR (Average True Range) significantly exceeds its 20-period average, signaling a volatility expansion. To confirm the move is directional and not random noise, the strategy checks for momentum: the close must be above/below the close of 20 bars ago. Low volatility zones are filtered out to avoid chop and poor trade entries. Upon entry, a dynamic stop-loss is set at 1x ATR, while take-profit is set at 2x ATR, offering a 2:1 reward-to-risk ratio. If the position remains open for more than 42 bars, it is forcefully closed, even if targets are not hit. This prevents long-lasting, stagnant trades. Key Features ✅ Volatility-based breakout detection ✅ Momentum confirmation filter ✅ Dynamic stop-loss and take-profit based on real-time ATR ✅ Time-based forced exit (42 bars max holding) ✅ Low-volatility environment filter ✅ Realistic settings with 0.05% commission and slippage included Parameters Explanation ATR Length (14): Captures recent volatility over ~2 weeks (14 candles). Momentum Lookback (20): Ensures meaningful price move confirmation. Volatility Expansion Threshold (0.5x): Strategy activates only when ATR is at least 50% above its average. Minimum ATR Filter (1.0x): Avoids entries in tight, compressed market ranges. Max Holding (42 bars): Trades are closed after 42 bars if no exit signal is triggered. Risk-Reward (2.0x): Aiming for 2x ATR as profit for every 1x ATR risk. Originality Note While volatility and momentum have been used separately in many strategies, this script combines both with a time-based dynamic exit system. This exit rule, combined with an ATR-based filter to exclude low-activity periods, gives the system a practical edge in real-world use. It avoids classic rehashes and integrates real trading constraints for better applicability. Disclaimer This is a research-focused trading strategy meant for backtesting and educational purposes. Always use proper risk management and perform due diligence before applying to real funds.
Pine Script® strategy
by CMATechnologies
ATR Percentage TableSimple ATR shows the average price change per candle. In order to enter a trade, I need to know how much percent I will win. I should enter the game for the cross with the highest percentage change. I created a table by entering a cross name in each line in the list and made it possible to follow the changes in the active window. I sorted the ATR change percentages from largest to smallest. Being able to see the highest percentage change is an answer to the question of which crosses I should choose to open a trade.
Pine Script® indicator
by halkayramis