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Average True Range (ATR)

Average Daily Range TableThis is the last script to complete Vladimir Poltoratskiy's setup found in his books. Poltoratskiy argues that you should not take any fractal corridors higher than 50% of the Average Daily Range. To be honest, even 40% is a lot, because then, your target will be 160% ADR away from your entry and one "fracture" just can't be enough to predict moves this big. I chose a table to visually represent the indicator because it doesn't change its value during the day. It takes far less room on the chart. There are also two simple moving averages. You may use the as an indicator if the relative volatility as of late is extremely low and in that case, perhaps, expect an increase in the coming days. They are applied to the Average Daily Range, not one day range!
Pine Script™ indicator
by OrcChieftain
1
ADR% / ATR / LoD dist. TableDisplays the following values in a table in the upper right corner of the chart: ADR%: Average daily range (in percent). ATR: Average true range (hidden by default). LoD dist.: Distance of current price to low of the day as a percentage of ATR. All values are calculated based on daily bars, no matter what time frame you are currently viewing. Doesn't work for time frames >1D, which is why the table is not shown on weekly/monthly charts. Credit to MikeC / TheScrutiniser and GlinckEastwoot for ADR% formula
Pine Script™ indicator
by ArmerSchlucker
19
Table Identifies the Price Extensively Using RSI, MA, and ATR ⬤ INDICATOR KEY ⬤ INTRODUCTION The indicator has presented as a table to show the perspective result of different indicators to help the user identify the status of the price if it’s extended or not. The table starts with the ATR section, which gives out a better look to compare the current day’s candle wide versus the average candle wide of a certain length of period that selected by the user. The second section of the table, showing RSI values at the most common upper timeframes, and the different percentages between the current price and long-term moving average entered by the user. ⬤ INDICATOR OVERVIEW ⬤ FINAL COMMENTS ▸This’s not a trading signal, but it helps to make a trading decision whether to set targets, stop loss, and enter a new trade. ▸If you found this content useful, please consider supporting presented indicators projects through PayPal which mentioned in the signature box, below. ▸ Trade Safe✌️. ⬤ OTHER GREAT INDICATORS CREATED BY MUQWISHI 📈 Muqwishi Volumetric Candle 📈 Support and Resistance For Day Trader | By MUQWISHI
Pine Script™ indicator
by MUQWISHI
19
Stop Loss IndicatorThe stop loss indicator is a single trade indicator to manage risk It tells you the size of the trade you should enter and lets you know where to place stops and when and where to trail your stops to based on ATR, given your entry price and risk amount. Set the date and time once trade is active and once ATR moves above(long)/below(short) entry price you can move your stop loss following the green triangles. Short green triangle down => high + (ATR * 1.5) red triangle up => low + (ATR * 1.5) Long green triangle up => low - (ATR * 1.5) red triangle down => high - (ATR * 1.5)
Pine Script™ indicator
by jstntham
TREX TREX or TPA indicator by SOTTI // The basic version and start of this indicator was set by my good friend Mr Shayan Karimi and we have room to learn from him and this text is here to make this happen. //This indicator is taken from Master Saeed khakestar indicator //Trigger price action -- True Range Exchange -- TPA - TRex how to use this indicator: this indicator for price action system and use full for student of master saeed khakestar you can use tp1 for stop loss and tp3,7,15 for target you finde a flag limit on this area and set your tp or target and use th or tr for price how much can be run and live use for price how much runned TP1 = ATR time PI.SL = TP1 + ENG.sl = pivot stop loss ENG.sl = 0.25* TP1 = triger price actions stop loss TP3 = 3*TP1 TP7 = 7*TP1 TP15 = 15*TP1 TH -> tavan harkati TR -> True range average LIVE -> live range candel TP1 = توان حرکتی تایم که در ان هستیم PI.SL = توان حرکتی تایم + میزانی که از نفوذ هار در امان باشیم ENG.sl = یک چهارم ای تی ار تایم TP3 =سه برابر تارگت اول TP7 = هفت برابر تارگت اول TP15 = پانزده برابر تارگت اول TH -> توان حرکتی TR -> میانگین توان حرکتی LIVE -> میران حرکت کندل لایو TH.long = گام بلند حرکتی TH.small = گام کوتاه حرکتی
Pine Script™ indicator
by sotti
10
Crypto EMA Trend Reversal StrategyThis is an EMA crossover strategy which involves 5 EMAs to trigger trades. The strategy has two take profit settings and uses a stop loss. TP1 and SL are based on ATR and TP2 is an EMA crossover. The strategy goes both long and short and the default settings work particularly well as a scalping strategy for ETHUSDT on the 5M time frame. I have also created another version with tweaked settings for scalping LINKUSDT on the 5M with very similar results. There is an option to add a volume condition parameter within the script on lines 26-28 which can be added to the end of lines 34-35 in the following format: and vol_cond I personally don't currently use the volume condition parameter.
Pine Script™ strategy
by ADHDCRYPT0
2
EMA based ATR Stops-If the FAST EMA is ABOVE the SLOW EMA then the ATR Stops will be placed x amount BELOW the lows -If the FAST EMA is BELOW the SLOW EMA , then the ATR Stops will be placed x amount ABOVE the highs -If the fast ema is above the slow ema but they are sloping down, their colours will turn to a shade of blue -If the fast ema is below the slow ema but they are sloping up, their colours will turn to a lighter shade of blue -I added an extra ema but it is off by default TAYOR!
Pine Script™ indicator
by FeelVee106
EMA RSI ATR Hidden Div Strat - 1 MinHey there! Hereby I present you the EMA RSI Lowest Low Hidden Divergence strategy, which I discovered on a youtube channel. He has tested the strategy hundreds of times manually, herewith I try to automate the whole thing. Since I use the strategy with a bot, it can only enter long positions for now. But in the future I will add the possibility to trade short positions. The strategy was tested with BTC/ USDT in 1m chart (8 days). The values must be adjusted depending on the timeframe and coin. ----------------------------------------------------------------------------------- How does the strategy work? First of all, we need a bullish hidden divergence. Once this is detected, the following parameters are checked: The 50 EMA must cross the 250 EMA . Then, the candle must close above the 50 EMA . The K line of the RSI STOCH indicator need to crosses the D line. If the next candle closes above the 50 EMA , a long position is opened. The stop loss is determined with the "lowest low/highest high lookback". The profit factor is multiplied by the value of the lowest low/highest high lookback. The results of the strategy are without commissions and levers. If you have any questions or feedback, please let me know in the comments. In the future I will add other types of stop loss / take profits. (ATR; %; eg.) I wish you good luck with the strategy!
Pine Script™ strategy
by TradingStrategyCheck
20
Session Volatility CalculatorHey traders! This script calculates the average volatility of trading sessions. You specify a start date, an end date, and a session time (eg. market open, Asian session etc) The script then scans through all the price action on your chart and calculates the average price movement during that specified period. What Is It For? I created this script for my own purposes when developing certain strategies and testing certain ideas. The purpose of this script is to give you an idea of how much price tends to move during certain times of day for certain markets. You could think of it as a "session's average true range". In crypto and forex this might be how much price tends to move on certain pairs during the Australian/Asian session, or the European session, or the overnight U.S. session etc. In stocks this might be how much a symbol tends to move during the first hour of the day or the last hour of the day. The point of calculating this information is for better understanding how markets move during certain times of day. It's not a perfect science obviously since some days can be wilder than others depending on what fundamental events are developing, but it's useful information to have for times when there are no expected volatility-inducing events. This info can help with optimizing targets and stop loss placement for certain day-trading strategies, and just generally getting an idea of what kinds of moves you might reasonably expect out of overnight positions or certain times of day etc - or at least that's what I use it for. Settings Hover your mouse over the "i" symbol to get more information on the script's settings, but here's a brief description: Start Date: The date to begin calculating from (set to 1000 by default so it scans the entire chart). End Date: The date to stop calculating (set to 2099 by default so it scans the entire chart) Time Session: This is the time session during the day that you want to analyze. Color Background: If turned on, this setting changes the background color to highlight the session. Indicator Values The indicator outputs a handful of values onto your chart. This is what the colors correspond to: Top-Right Box: The average price range during the given time of day over historical price action. Green Number: The recent session's highest price. Red Number: The recent session's lowest price. Purple Number: The recent session's price range (high - low). Orange Number: The recent session's range ÷ the average (outputs a relative % of the average).
Pine Script™ indicator
by ZenAndTheArtOfTrading
10
[EURUSD60] BB Expansion StrategyOverview This is a strategy that can be used in the EURUSD 60 time frame. It is a trend-following method that uses Bollinger Bands Expansions. The idea of using Bollinger Bands expansion is well known to the general public, but I don’t know any strategy that this idea has been PINE coded. The three main components of this strategy are as follows. ・Long term BB and Short term BB : When the short term BB expands more than the long term BB, it suggests the occurrence of a trend. ・14EMA of 240 t/f : The direction of 14EMA of the upper time frame is used as the trend direction. ・ATR lines : As a stop-loss line and a take-profit line. Description Fig. Long entry pattern Fig. Short entry pattern ・Description of lines Gray : Large BB (=Long term BB) White : Small BB (=Short term BB) Blue or Red line : Upper t/f EMA(default: 14EMA), blue is up-trend, red is down-trend Yellow : Stop loss line by ATR(the term is 14) Purple : Take profit line by ATR(the term is 14) ・Description of strategy First of all, when the small BB expands more than the large BB, this strategy detects the occurrence of a trend. Second, When the price crosses over or crosses under small BB basis, this strategy entries long or short to trend direction (by upper time frame 14EMA). The default stop-loss range is three times ATR value, and the default take-profit target is 1.5 times the stop-loss range (=risk reward ratio is 1.5).
Pine Script™ strategy
by kasaism
Cappuccino IndicatorThis is a indicator I built on the basis of RSI and price action. It is the Cappuccino-Indicator. It calculates back the estimated price based on RSI with some optional filters and gives signals for buy and sell. it works as follows: - the current RSI value is calculated back to a estiamated market price - shoutout to some developers who made some functions possible, this was a long work, I cannot find Your sources anymore, I'm sorry. Text me I will publish Your credits. You are awesome and I respect Your work. - The principle is simple. as suggested by RSI Rookies the market is bullish when in certain RSI Levels, and bearish when in other - This indicator also combines some trend channels for easier spotting good entries - The Cappuccino Indicator tries to keep you in a trade as long as possible - It uses ATR based Trailing SL for you to not get rekt - It is just a piece of software, You're trading on Your own risk Have fun.
Pine Script™ indicator
by cappuccino_trading
15
Position Sizing w/ ADR&ATR TrackingScript to use for position sizing based on portfolio size, max position, and max loss inputs. The option to use custom entry and stop are available, but default to last price for entry, and Low of Day (LoD) for stop. The ATR % is a measure of the low of day to current price as a percentage move. Credit to LonesomeTheBlue for the base code on position sizing and TheScrutiniser/GlinckEastwoot for ADR formula -Nelgoth, best of luck
Pine Script™ indicator
by Nelgoth
4