Volatility SpeedometerThe Volatility Speedometer indicator provides a visual representation of the rate of change of volatility in the market. It helps traders identify periods of high or low volatility and potential trading opportunities. The indicator consists of a histogram that depicts the volatility speed and an average line that smoothes out the volatility changes.
The histogram displayed by the Volatility Speedometer represents the rate of change of volatility. Positive values indicate an increase in volatility, while negative values indicate a decrease. The height of the histogram bars represents the magnitude of the volatility change. A higher histogram bar suggests a more significant change in volatility.
Additionally, the Volatility Speedometer includes a customizable average line that smoothes out the volatility changes over the specified lookback period. This average line helps traders identify the overall trend of volatility and its direction.
To enhance the interpretation of the Volatility Speedometer, color zones are used to indicate different levels of volatility speed. These color zones are based on predefined threshold levels. For example, green may represent high volatility speed, yellow for moderate speed, and fuchsia for low speed. Traders can customize these threshold levels based on their preference and trading strategy.
By monitoring the Volatility Speedometer, traders can gain insights into changes in market volatility and adjust their trading strategies accordingly. For example, during periods of high volatility speed, traders may consider employing strategies that capitalize on price swings, while during low volatility speed, they may opt for strategies that focus on range-bound price action.
Adjusting the inputs of the Volatility Speedometer indicator can provide valuable insights and flexibility to traders. By modifying the inputs, traders can customize the indicator to suit their specific trading style and preferences.
One input that can be adjusted is the "Lookback Period." This parameter determines the number of periods considered when calculating the rate of change of volatility. Increasing the lookback period can provide a broader perspective of volatility changes over a longer time frame. This can be beneficial for swing traders or those focusing on longer-term trends. On the other hand, reducing the lookback period can provide more responsiveness to recent volatility changes, making it suitable for day traders or those looking for short-term opportunities.
Another adjustable input is the "Volatility Measure." In the provided code, the Average True Range (ATR) is used as the volatility measure. However, traders can choose other volatility indicators such as Bollinger Bands, Standard Deviation, or custom volatility measures. By experimenting with different volatility measures, traders can gain a deeper understanding of market dynamics and select the indicator that best aligns with their trading strategy.
Additionally, the "Thresholds" inputs allow traders to define specific levels of volatility speed that are considered significant. Modifying these thresholds enables traders to adapt the indicator to different market conditions and their risk tolerance. For instance, increasing the thresholds may highlight periods of extreme volatility and help identify potential breakout opportunities, while lowering the thresholds may focus on more moderate volatility shifts suitable for range trading or trend-following strategies.
Remember, it is essential to combine the Volatility Speedometer with other technical analysis tools and indicators to make informed trading decisions.
Average True Range (ATR)
Cumulative TICK Trend[Pt]Cumulative TICK Trend indicator is a comprehensive trading tool that uses TICK data to define the market's cumulative trend. Trend is shown on ATR EMA bands, which is overlaid on the price chart. Cumulative TICK shown on the bottom pane is for reference only.
Main features of the Cumulative TICK Trend Indicator include:
Selectable TICK Source: You have the flexibility to choose your preferred TICK source from the following options, depending on the market you trade: USI:TICK, USI:TICKQ, USI:TICKI, and USI:TICKA.
TICK Data Type: Select the type of TICK data to use, options include: Close, Open, hl2, ohlc4, hlc3.
Simple Moving Average (SMA): You can choose to apply an SMA on the calculated Cumulative TICK values with a customizable length.
Average True Range (ATR) Bands: It provides the option to display ATR bands with adjustable settings. This includes the ATR period, EMA period, source for the ATR calculation, and the ATR multiplier for the upper band.
Trend Color Customization: You can customize the color of the bull and bear trends according to your preference.
Smooth Line Option: This setting allows you to smooth the ATR Bands with a customizable length.
How it Works:
This indicator accumulates TICK data during market hours (9:30-16:00) as per the New York time zone and resets at the start of a new session or the end of the regular session. This cumulative TICK value is then used to determine the trend.
The trend is defined as bullish if the SMA of cumulative TICK is equal to or greater than zero and bearish if it's less than zero. Additionally, this indicator plots the ATR bands, which can be used as volatility measures. The Upper ATR Band and Lower ATR Band can be made smoother using the SMA, according to the trader's preference.
The plot includes two parts for each trend: a stronger color (Red for bear, Green for bull) when the trend is ongoing, and a lighter color when the trend seems to be changing.
Remember, this tool is intended to be used as part of a comprehensive trading strategy. Always ensure you are managing risk appropriately and consulting various data sources to make informed trading decisions.
Master Supertrend [Trendoscope]Are you a fan of supertrend? Me too!! Here is a supertrend indicator which provides multiple variation options to chose from.
🎲 Introduction
Supertrend is a popular technical indicator used by traders to identify potential trend reversals and determine entry and exit points in financial markets. It is a trend-following indicator that combines price and volatility to generate its signals. Generally supertrend is calculated based on ATR and multiplier value which is used for calculation of stops. In these adaptions, we look to provide few variations to classical methods.
🎲 Variations
Following variations are provided in the form of settings.
🎯 Range Type
Instead of ATR, different types of ranges can be used for stop calculation. Here is the complete list used in the script.
Plus/Minus Range - Calculates plus range and minus range for each candle and uses them for different sides of stop calculation
Ladder ATR - Based on the existing concept of Ladder ATR defined in Supertrend-Ladder-ATR
True Range - True range derived from standard function ta.tr
Standard Deviation - Standard deviation of close prices
🎯 Applied Calculation
In standard ATR, rma of TR is used for calculations. But, the application calculation provides option to users to use different mechanisms. It can be a type of moving average or few other types of calculations.
Available values are
sma
ema
hma
rma
wma
high
median
medianHigh (Highest of the last N medians)
medianLow (Lowest of the last N medians)
🎯 Other options
Few other options provided are
Use Close Price - If selected stops are calculated based on the close price instead of high/low prices
Wait for Close If selected, change of supertrend direction is calculated based on close price instead of high/low prices
Diminishing Stop Distance - When selected, stop distance for the trend direction can only reduce and cannot increase. This option is useful for keeping the tight stops on strong trends.
🎯 Plus Minus Range
One of the range type used is Plus/Minus Range. What it means and how are these ranges calculated? Let's have a look.
Plus Range is an upward movement of a candle from its last price or open price whichever is lower.
Minus Range is a downward movement of a candle from its last price or open price whichever is higher.
This divides True Range into two separate range for positive and negative side.
Here are the simple settings in nutshell which reflects the same.
custom Bollinger bands with filters - indicator (AS)-----------Description-------------
This indicator is basically Bollinger bands with many ways to customize. It uses highest and lowest values of upper and lower band for exits. I think something is wrong with the script but cant find any mistakes – most probably smoothing. The ATR filter is implemented but is working incorrectly. In code you can also turn it into strategy but I do not recommend it for now as it is not ready yet.
So this is my first script and I am looking for any advice, ideas to improve this script, sets of parameters, markets to apply, logical mistakes in code or any ideas that you may have. Indicator was initially designed for EURUSD 5MIN but I would be interested in other ideas.
-----------SETTINGS--------------
---START - In starting settings we can choose
Line 1: what parts to use BB/DC/ATR
Line 2: what parts to plot on chart
Line 3 Whether or not apply smoothing to BB or ATR filter
Line 4 Calculate deviation for BB from price or Moving average
Line 5 Fill colors and plot other parts for debug (overlay=false)
Line 6:( for strategy) – enable Long/Short Trades
---BB and DC – here we modify Bollinger bands and Donchian
Line 1: Length and type of BB middle line and also length of DC from BB
Line 2: Length and type of BB standard deviation and multiplier
Line 3: Length and type of BB smoothing and %width for BB filter
---ATR filter – (not ready fully yet)
Line 1: type and length of ATR
Line 2: threshold and smoothing value of ATR
---DATE and SESSION
Line 1: apply custom date or session?
Line 2: session hours settings
Line 3:Custom starting date
Line 4: Custom Ending date
-----------HOW TO USE--------------
We open Long if BB width is bigger than threshold and close when upper band is no longer highest in the period set. Exact opposite with Short
Limit Order + ATR Stop-Loss [TANHEF]This indicator enables interactive placement of limit or stop-limit orders with a trailing ATR stop-loss and optional profit target (with alerts). Refer to the images below for further clarification.
Why use a trailing stop-loss?
A trailing stop-loss serves as an exit strategy when price moves against you, while also allowing you to adjust the exit point further into profit when price moves favorably. The ATR (Average True Range), a reliable measure of volatility, acts as an effective risk management tool, functioning as a trailing stop-loss.
Indicator Explanation
Initial indicator placement: Select Long Limit or Long-Stop Limit order.
Change Entry Type: Switch between Long and Short within settings.
Modify entry price: Drag circle, adjust in settings, or re-add indicator to chart.
Optional Profit Target: Use Risk/Reward ratio or specify price.
Entry anticipation: Estimated ATR stop-loss and profit target as blue circles (fluctuates with volatility changes).
Entry triggered: Actual ATR stop-loss and profit target plotted.
Exit conditions: Stop-loss or profit target hit, exit entry.
Update Frequency: Continuously, Bar Open, or Bar Open on entry then continuously.
ATR Overlap: no entry occurs if the ATR overlaps with price (stop-loss 'hit' already on entry bar)
Table: Displays input settings selected.
Show Only On Ticker: Ability to hide indicator on other tickers.
Long Limit
Long Stop-Limit
Short Limit
Short Stop-Limit
Alerts
1. 'Check' alerts to use within indicator settings (entry, trailing stop hit, profit target hit, and failed entry).
2. Select 'Create Alert'
3. Set the condition to 'Limit Order + ATR Stop-Loss''
4. Select create.
Additional details can be added to the alert message using these words in between Curly (Brace) Brackets:
{{trail}} = ATR trailing stop-loss (price)
{{target}} = Price target (price)
{{type}} = Long or Short stop-loss (word)
{{traildistance}} = Trailing Distance (%)
{{targetdistance}} = Target Distance (%)
{{starttime}} = Start time of position (day:hr:min)
{{maxdrawdown}} = max loss
{{maxprofit}} = max profit
{{update}} = stoploss update frequency
{{entrysource}} = entry as 1st bar source (yes/no)
{{triggerentry}} = Wick/Close Trigger entry input
{{triggerexit}} = Wick/Close Trigger exit input
{{triggertarget}} = Wick/Close Trigger target input
{{atrlength}} = ATR length input
{{atrmultiplier}} = ATR multiplier input
{{atrtype}} = ATR type input
{{ticker}} = Ticker of chart (word)
{{exchange}} = Exchange of chart (word)
{{description}} = Description of ticker (words)
{{close}} = Bar close (price)
{{open}} = Bar open (price)
{{high}} = Bar high (price)
{{low}} = Bar low (price)
{{hl2}} = Bar HL2 (price)
{{volume}} = Bar volume (value)
{{time}} = Current time (day:hr:min)
{{interval}} = Chart timeframe
{{newline}} = New line for text
PhenomIt is a simple and effective tool for trading on moving averages.
The main advantage is that an ATR-based risk management system is included here. The system is based on the work of FullTimeTradingRu and the FBMA indicator
How to use the system:
1. I recommend using a daily timeframe.
2. Look for a rebound from the moving average, the most effective 20 Ema. For convenience, the colors of the bars are painted green in an uptrend.
3. Enter the transaction using hints. The recommended number of shares to buy is indicated in the table, taking into account your deposit and the risk per transaction from the deposit (by default 1%). Stop 1.5 ATR. Everything is the same for opening short positions.
4. I recommend entering the second trade only if the previous one passed 0.5 ATR, thereby confirming the trend and the fact that you correctly guessed the movement.
There are ATR settings in the script
Last bar show — How many bars to show
ATR lines ATR Step — For a more convenient view, ATR lines can be turned into a ladder.
Rainbow Drift BetaRainbow Drift Beta is an indicator that detects the triggers of long and short positions at any TF.
It's based on two different type of approaches to the EMAs periods:
- Classic EMAs periods: 10 and 50
- Cycle EMAs perdios: 16, 64 and 256
The 256 period EMA (Annual Cycle) detects the trend: if the EMA 64 (Three-Weekly Cycle) is above, it shows an uptrend; while the EMA 64 is below, it means that the price action is in downtrend.
10 and 16 periods EMAs are working together as well as the 50 and the 64. The first couple reacts faster than the second one and as soon as the 10 is above the 16, the band shows the first attempt of the price action to go in the uptrend direction. The same concept is applied to the second couple (50, 64): when EMA 50 > EMA 64 it's a confirmation of the faster EMAs long direction. Viceverca happens for the downtrend but with the same concept.
As the EMA periods taken in consideration are quite often a sensitive level of reaction of the price, the indicator detects when there is trigger of a long or a short set up and plots a label on the chart. It's possibile to set up an alert as well.
Quite important, the indicator is looking for sideways patterns as the breakout of them shows a clear direction of the price.
Moreover, in order to privide the first and the best entry possibile, the indicator has a function that is triggering only one time as the trend reverted: for example, a long entry on the EMA 10-16 happens only one time since they crossover the EMA 64.
As included in the name, this is a beta version and new improvements will be added in the near future like suggested price entry, SL and TP, and the focus of the development is to avoid as much as possibile the false triggers.
Of course the best way to improve the code is to receive the users' feedbacks, so please feel free to post your comments and questions.
ATR CandlesAverage true range (ATR) is a market volatility indicator used to show the average range prices swing over a specified period.
The ATR Candles indicator has two primary functions. First, it measures a short-term ATR against a longer-term ATR to show if volatility is contracting or expanding.
Secondly, this indicator goes a step further by highlighting individual candles that exceed or fall below user selected ATR thresholds.
Moments of volatility contraction often lead to expansion and vice versa. By using the ATR Candles traders can identify potential imminent breakouts/breakdowns or healthy pullbacks vs a volatile correction.
Indicator Features
Selectable ATR lengths
Selectable threshold limits (1 contraction / 2 expansion)
Calculate current candles range from open / previous close / daily range
Custom colors
Show or hide every element
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.
ATR ControlThis indicator shows the following values:
ATR value of the current symbol
Size of the full position based on the maximum risk set
Three sizes that are percents of the full size already present in this indicator
Customizable settings are:
Show/hide single rows
ATR Timeframe
ATR Lenght
First percent of the split to apply
Second percent of the split to apply
Maximum risk
The last percent is automatically calculated using the first two.
Example:
Full size: 500
First percent: 10
Second percent: 40
The third percent is calculated as 100 - first percent - second percent = 50
The split sizes shown are: 50/200/250
JS-TechTrading: Supertrend-Strategy_Basic versionAre you looking for a reliable and profitable algorithmic trading strategy for TradingView? If so, you might be interested in our Supertrend basic strategy, which is based on three powerful indicators: Supertrend (ATR), RSI and EMA.
Supertrend is a trend-following indicator that helps you identify the direction and strength of the market. It also gives you clear signals for entry and exit points based on price movements.
RSI is a momentum indicator that measures the speed and change of price movements. It helps you filter out false signals and avoid overbought or oversold conditions.
EMA is a moving average indicator that smooths out price fluctuations and shows you the long-term trend of the market. It helps you confirm the validity of your trades and avoid trading against the trend.
Our Supertrend basic strategy combines these three indicators to give you a simple yet effective way to trade any market. Here's how it works:
- For long trades, you enter when the price is above Supertrend and pulls back below it (the low of the candle crosses Supertrend) and then rebounds above it (the high of the next candle goes above the pullback candle). You exit when the price closes below Supertrend or when you reach your target profit or stop loss.
- For short trades, you enter when the price is below Supertrend and pulls back above it (the high of the candle crosses Supertrend) and then drops below it (the low of the next candle goes below the pullback candle). You exit when the price closes above Supertrend or when you reach your target profit or stop loss.
- You can also use RSI and EMA filters to improve your results. For long trades, you only enter if RSI is above 50 and price is above 200 EMA. For short trades, you only enter if RSI is below 50 and price is below 200 EMA.
- You can set your stop loss and target profit as a percentage of your entry price or based on other criteria. You can also adjust the parameters of each indicator according to your preferences and risk tolerance.
Our Supertrend basic strategy is easy to use and has been tested on various markets and time frames. It can help you capture consistent profits while minimizing your losses.
EMA + ATR Support and Resistance + Take Profit SignalThe 'EMA+ ATR Support Resistance Take Profit signal' indicator is a technical analysis tool designed to help traders identify potential support and resistance levels, using the Exponential Moving Average (EMA) and the Average True Range (ATR) indicators. This indicator not only tracks the EMA and ATR but also plots these levels as support and resistance lines, providing useful insights into potential buy and sell points.
The indicator allows you to set the lengths for both the EMA and ATR, with default values set to 20 and 14, respectively. Moreover, you can specify the multiplier for the ATR in the Support/Resistance (S/R) length setting, which defaults to 2. The line width for the plotted lines can also be adjusted according to your preference.
The EMA line in center is invisible by default but you can change that by going to the setting of the indicator. The support and resistance lines are plotted in green and red, respectively. When the price hits the support or resistance levels, the indicator provides a visual signal with a cross shape below or above the respective bars, in lime and red, respectively. If you do not need the take profit signals you can disable them in the setting.
How to Use:
1. Define the EMA and ATR lengths according to your trading strategy. Higher lengths will provide smoother lines but may also lag the current price action.
2. Set the S/R length to determine the distance of the support and resistance lines from the EMA line. Higher values will place these lines further away from the EMA.
3. Monitor the chart for instances when the price hits the support or resistance levels. This is indicated by a cross shape below (for support hit) or above (for resistance hit) the price bar. These points may be considered as potential take profit points or entry/exit points, depending on your strategy.
4. Use the indicator in conjunction with other tools and indicators to confirm signals and reduce the risk of false signals. So the assumption is you enter a trade using your other indicators but you can rely on this indicator to remind you to take profit if you are long by a red cross of the resistance line and if you are short reminds you by a green cross on the support line.
Disclaimer: This indicator should not be used as the sole determinant for any investment decision. Always conduct thorough research and consider multiple factors before trading.
ATR by ChampBoyThis is a simple indicator that takes into account the volatility of candles and contains an error setting. Setting the error allows you to bring the value of the indicator closer to real data and detect the stock of the price movement or its absence in time. Just look at history.
Attention! After adding the indicator:
1. Click on the three dots next to the indicator name7
2. Select "move" and "move up" to make it appear on the bar/candle bar
3. Also go to "three points" and select "pin to scale" -> select "pin to right".
Now more about the setup:
Candle Length - length of bars/candles. I use 3 for more reliable information.
Smooth Length - smoothing. I use 2 for noise reduction.
Data - this is the data of the candle. I use candle close
Current/Last - drawing comes from opening the current one or closing the previous one. I use 0 - the opening of the current bar.
Percent High – this parameter is about excluding bars from the calculation, which exceed X times. I am using 1.8
Percent Low - similar, but with the exception of bars that are X times smaller. I am using 0.5.
Error - error setting. I use 30 to 42.
In any case, you can customize for yourself.
На русском языке:
Это простой индикатор, который учитывает волотильность свечей и содержит настройку погрешности. Настройка погрешности позволяет приблизить значение инидикатора к реальным данным и во время обнаружить запас хода цены или его отсуствие. Достаточно посмотреть на историю.
Внимание! После добавления индикатора:
1. Нажмите на три точки рядом с названием индикатора7
2. Выберите "переместить" и "переместить выше", чтобы он появился на панели баров/свечей
3. Также зайдите "в три точки" и выберите "закрепить на шкале" -> выберите "закрепить справа".
Теперь подробнее о настройке:
Candle Length - длина баров/свечей. Я использую 3 для более достоверной информации.
Smooth Length - сглаживание. Я использую 2 для убирания шума.
Data - это данные свечи. Использую закрытие свечи
Current/Last - прорисовка идет от открытия текущей или закрытия предыдущей. Я использую 0 – открытие текущего бара.
Percent High – этот параметр про исключение баров из подсчета, которые превышают в Х раз. Я использую 1.8
Percent Low - аналогично, но исключение баров, которые меньше в Х раз. Я использую 0.5.
Error - настройка погрешности. Я использую от 30 до 42.
В любом случае, вы можете настроить под себя.
Scalper's toolkit - ATR WidgetWidget specifically designed for scalping. Many settings to fit the instrument and view preferences to make it fit into your chart window how you like, even on mobile.
** I have 5 other features to add into this in the very near future, as I use this as my primary tool for Risk reward. This script will be updated in the near future as more features are coded into it. See bottom for notes on plans
Features:
Displays a quick view of the ATR value on the chart, in decimal PIPs or directly in Points - a key value for scalping using the DOM for point value settings and one click trading on fast time frames.
Automatic calculation of stop and target distance for a predetermined Risk Reward Ratio (Set with the settings panel), and then also displayed in PIPs or Points for easy use in quick trading.
Works on most all instruments/pairs/cryptos with multiple precision levels for correct values to be shown in the widget.
Fully customizable -
ATR period Base setting, just like a normal ATR indicator
Display in : PIPs or Points
ATR based stop distance, using a multiplier. 2 is the most common multiplier used, and the default setting.
Risk Reward Calculation using the Stop Loss value.
-Quickly helps with proper target and stop sizing for the volatility in the price on the current trade entry point.
-Set to any ratio you wish, from 1:0.1 all the way to 1:100 or more, unlimited R ratio settings to fit your strategy and risk tolerances.
Position anywhere on the chart window with 9 preset locations available (Pine script limitation)
Show as a column layout or a row layout
Customize the Size, with 5 preset widget sizes, from tiny to huge (Pine script limitation)
-Mobile Friendly - Tiny or Small may be too small on PC, but can be used for Mobile so the widget does not become too large over the chart.
Custom text, background, and boarder colors
Custom Boarder Size - 0 size is no boarder
Set up:
-Open the settings panel.
First section is the basic settings for the ATR - the length (Default is 14) and to use a PIP value display, or Point value display.
Here you also see a "Precision" Setting. **Because each instrument returns different precision ATR values, it is difficult to determine with code what those values will be ahead of time to do the math in the background. Even some 2 decimal instruments return 5 decimal ATR values, so this setting filters that** Just use the dropdown and choose how many decimal places the instrument has from 2 - 5 decimals
The second section is for risk and reward calculations, and can be disabled if you do not want to see these values.
The first value is the "ATR Multiplier" Typically, a 2x multiplier is used on the ATR to determine how far away to place your stop loss from the entry, placing it out of harm's way from normal market activity.
The second value is the Reward target distance, based from the stop loss size. This quickly calculates your target to match your intended reward ratio, saving some manual work to calculate this by hand every trade.
** Note: because of the math used in the code, you may see odd values on some instruments, like indexes. If you have the precision correct, try changing the "Show in Pips" to "Show in Points", as this may solve the issue.
The last two sections are purely for how the widget looks and how/where it shows on the screen. These can be set however you like. To have no boarder, just set the "Frame size" value to 0.
Additional Updates planned:
Pip value calculation (2 feature uses)
-This will serve 2 purposes. The widget will calculate the value of the trade based on the lot size. It will also have a risk limit, so if the ATR get's too high for the current risk settings, It will show red to warn you of a high risk situation before you trade.
Example, you have a set limit of 3 dollars per trade using .02 lot sizing. If the ATR get's too high, The Stop value will be more risk than you would like to use at that trade sizing. Reduce the trade size, or wait for ATR to come lower.
Purpose 2: lot size calculation, so if you wanted to maximize the use of risk available. If you wanted to risk 600 for example, it would use the ATR you have set for the risk, and determine the proper lot size for the amount of volatility in the market. This way, you Risk Exactly, or as close as possible to 600 for the the current trade conditions.
Extra use for this value: Show the Current trade amounts at risk and for gain in money values on the side of the pip/point value. Know what you're risking and also trading for in monetary value.
ATR candle Comparison- Early momentum Detection (2 feature uses)
Will show an additional section on the bottom of the widget to show how each candle compares to the one before, up to the last 5, and show if ATR went down, up, or stayed the same over the last 5 candles.
Show an additional symbol to indicate the current candle status in comparison to the close of the last candle. Real time of if the ATR is getting larger, smaller, or staying the same.
Grid Range Volatility BasedThis TradingView Pine script implements a grid range volatility based indicator that displays dynamic horizontal lines on the chart. The lines are calculated based on the average true range (ATR) of the security being plotted, and the range can be adjusted using an input parameter. The distance between the top and bottom lines is displayed as a percentage in a dynamic label that updates with each new bar.
The script allows the user to choose whether to use red or black lines, and also provides options to set the number of days for range calculations, and the calculation type (either ATR(1) or ATR(x)). The script is designed to work with stocks, forex, and other securities that have price data.
To use this script, simply attach it to a chart and adjust the input parameters to suit your analysis needs. The dynamic lines and percentage label will be displayed on the chart, providing a visual representation of the range volatility of the security being plotted. The values of the highest and lowest lines can also be displayed as labels on the price axis, providing additional context for the range volatility.
Volatility Spike EstimatorPlots the Average True Range (ATR), its historical mean, the upper threshold for a volatility spike, and uses background color to show the likelihood of a volatility spike based on the current ATR value.
Green background indicates an increased likelihood of a volatility spike, while red background means a spike might have already occurred or be in progress.
Update: In this version, we added a short-term ATR calculation with an adjustable input parameter, shortTermATRLength. The likelihood of a volatility spike is now estimated based on the short-term ATR instead of the original ATR. This change makes the indicator more sensitive to recent market conditions and can help detect potential volatility spikes more quickly.
ATR-Stepped, Another New Adaptive Moving Average [Loxx]ATR-Filtered, Another New Adaptive Moving Average is a modification of @cheatcountry's "Another New Adaptive Moving Average " shown below
I've added AT- stepped filtering. This is a standard ATR filter that works by requiring movement by XX multiple of ATR before registering a trend flip. I've also included Loxx's Expanded Source Types. You can read about those here:
From @cheatcountry on A New Adaptive Moving Average
The New Adaptive Moving Average was created by Scott Cong (Stocks and Commodities Mar 2023) and this is a companion indicator to my previous script
This indicator still works off of the same concept as before with effort vs results but this indicator takes a slightly different approach and instead defines results as the absolute difference between the closing price and a closing price x bars ago. As you can see in my chart example, this indicator works great to stay with the current trend and provides either a stop loss or take profit target depending on which direction you are going in. As always, I use darker colors to show stronger signals and lighter colors to show normal signals. Buy when the line turns green and sell when it turns red.
Included
Alerts
Signals
Loxx's Expanded Source Types
Volatility Percentile (H-LINES)A simple script that adjusts the Volatility Percentile Indicator visibly in order to better accommodate entries/exits and certain trading setups/strategies.
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TL;DR - Remember after a full reset, we are looking for initial crosses UP on the UpperSwingline and crosses DOWN on the LowerSwingline for primary and secondary signal derivation.
Vice versa also works great but the prior method mentioned is a little more consistent in my experience, but you should mess around and optimise this for your own setups and strategies anyway.
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ORIGINAL SCRIPT HERE:
^Click image for a redirect to that script.
ALL CREDIT GOES TO: www.tradingview.com
He wrote everything so give credit where it's due, good bit of kit this here script is.
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HOW I USE MY VISUALLY ALTERED VERSION OF THIS SCRIPT
First of all, the alterations I've made seem only to be consistently viable with renko charts though if you can get the sought after results using candles or any other chart type then perfect, but be wary. All my back-testing done only with LinReg, HMA and SWMA - ATR type settings exclusively on renko charts. The changes I've made to the original script essentially just turns it visibly into an oscillator and uses a couple horizontal lines to generate signals, very simple - absolutely nothing has changed in the actual code of calculating this indicator.
What I believe my adjustments have achieved is quite simple. A full reset/oscillation on the indicator tries to map the strongest parts of a move or at least the part of the move where volume and the rate of transactions is at its peak to even facilitate said move. *take this statement with a pinch of salt though I do believe it's interacting with accumulation/distribution patterns, which is expected of volatility*
For ease of communication let's refer to the area between the the first UpperSwingline cross to the subsequent LowerSwingline cross, as the primary move. Then afterwards when it crosses the UpperSwingline again to make the full reset, the area in between those two points referred to as the secondary move.
Though more interestingly/practically the indicator ends up giving you two signals. In order for this to work we have to first decide that a spike up in volatility which crosses the UpperSwingline implies a significant level of interest at that price level. Usually that means a reversal is brewing, if price has already moved, trended and is approaching a certain area of value; which causes a spike of new positions to be taken, then you know that this is a level where contrarians are looking to enter. Now here's the tricky part, when volatility crosses the LowerSwingline price action becomes a little more open for interpretation, the way I personally like to look at this secondary signal is the potential for an exhaustion period to prolong itself a little longer. I know that's not the perfect analysis for what's going on, a more in-depth look into what's going on would best be described using Elliott Wave Theory, if a cross on the UpperSwingline near a significant area of value gives us a reversal trade lets just assume for the sake of argument that a new Elliott Wave can begin forming here. Making the move from that initial UpperSwngline cross to the cross on the LowerSwingline, the area that encompasses those two points: the impulse wave. After this point my analogy kind of falls apart and sadly my knowledge just isn't what it needs to be in order for me to properly analyse what's going on here but I must digress. Price after crossing the LowerSwingline up until the point where it makes a full reset by crossing the UpperSwingline again, within this area price seems to do either one of two things:
Situation 1 - Most likely occurs after a major trend reversal from major support/resistance or area of value (price has trended to new territory, maybe spent time a little time consolidating but hasn't broken the key level, momentum shifts, price action breaks current structure and you get the signal that primary move is a reversal) = Exhaustion Period, price will continue in direction of primary move during the secondary move. This here is for our trend-followers, you wanna take a continuation trade? Just wait for the pullback/rally to hit a FiB retracement level and enter - or any other means to find a decent support/resistance to enter.
Situation 2 - Most likely occurs when market enters a range or consolidation (price was previously seen as being at either a discount or premium so Situation 1 could have already played out and now you're looking at a full reset after that, imagine this spot to be the centre line of a linear regression channel or bang in the middle of your range, could even occur if price breaks a key moving average and decides it ought to consolidate around it for a while. Basically at any point where a somewhat prolonged consolidation is expected and not a quick reversal) = Corrective Wave, price will move against the direction of primary move during the secondary move. Now you might be expecting me to say this ones for you reversal traders but not really, if this is occurring then there probably isn't a definitive direction the market has chosen so you can use this opportunity to take range trades in the direction or against the direction of whatever the current trend or latest trend was depending on whatever slight bias you may have. <--- Situation 2 is very useful for finding cleaner entries if you do have a trend bias, say price underwent Situation 1, is now at key moving average but your bias is that it will break and continue up, so you wait and allow the secondary move of Situation 2 to take your entry to a much better R:R before entering a position.
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Ladder ATRThis indicator shows the upwards (green) and downward (red) volatility of the market. It is a moving average of the true range values like the ATR indicator does but with a twist! For the upwards volatility, only the green candles are taken into account, and for the downwards only the red candles are.
To the best of my knowledge, this technique had been introduced by HeWhoMustNotBeNamed in his "Supertrend - Ladder ATR" publication where the different types of volatility helped to improve the "trend reversal" conditions compared to the "Supertrend" indicator.
However, the actual "Ladder ATR" values were hard to see. This indicator shows the actual upward and downward volatility making it easy to reason about long and short price moves and potential biases in each direction.
In layman's terms this indicator "Ladder ATR" is to the "Supertrend - Ladder ATR" what the "Average True Range" indicator is to the "Supertrend" indicator.
I11L - Better Buy Low Volatility or High Volatility?This Pine Script code defines a TradingView strategy called "I11L - Better Buy Low Volatility or High Volatility?". The strategy aims to study the difference between buying when an asset's volatility is low and when it is high. It allows the user to select whether to buy during low or high volatility periods by changing the input variable mode.
Here's a brief explanation of the System:
The strategy is initialized with relevant settings such as overlay, pyramiding, default quantity type, initial capital, and others.
The mode input allows the user to choose between "Buy low Volatility" and "Buy high Volatility" options.
volatilityTargetRatio is the user-defined threshold to be used for making buy decisions. A value of 1 equals the average ATR (Average True Range) for the security. A lower value indicates lower volatility.
atrLength is the number of periods to calculate the ATR.
sellAfterNBarsLength sets the number of bars to hold the position before selling it.
The script calculates the ATR using the ta.atr() function, and then divides it by the closing price to normalize the value. It also calculates the simple moving average (SMA) of the normalized ATR over a period of 5 times the ATR length, and then computes the ratio between the normalized ATR and its average.
The script keeps track of the number of holding bars using the variable holdingBarsCounter. When there are open trades, the holding bars counter is incremented.
The decision to buy is made based on the selected mode and whether the computed ratio is above or below the user-defined threshold.
When the holding bars counter exceeds the user-defined limit, the position is closed.
The script plots the computed ratio with different colors based on the buy and close conditions. The ratio is plotted in green when a buy signal is triggered, red when a close signal is triggered, and white in all other cases. The value of 1 (the reference for the average ATR) is also plotted on the chart in white color.
This strategy helps traders study the difference between buying during low and high volatility periods and compare the performance of these conditions. It can be useful for analyzing the effectiveness of volatility-based trading strategies, such as entering positions when the market is calm or during periods of strong price movement.
4C Options Expected Move (Weekly + 0DTE)This indicator plots the calculated Expected Move for BOTH Weekly and Zero Dated Expiration (0DTE) Daily options, for a quick visual reference.
Please Note: This indicator is different from our original "4C Expected Move (Weekly Options)" indicator, as it now packages the ability to ALSO plot 0DTE options expected moves along with Weekly expected moves. Many other newer features have also been implemented.
Background Information
The Expected Move (EM) is the amount that a stock is predicted to increase or decrease from its current price, based on the current level of options pricing and implied volatility.
This range can be viewed as possible support and resistance, or, once price gets outside of the range, institutional hedging actions can accelerate the move in that direction.
It can be useful to know what the weekly EM range is for a stock to understand the probabilities of the overall distance, direction and volatility for the week.
About the Indicator
This indicator plots the calculated Expected Move for BOTH Weekly and Zero Dated Expiration (0DTE) options, for a quick visual reference.
For the weekly EM, the range is based on the Weekly close of the prior week.
For the Daily EM based on 0DTE options, the range is based on the Daily close of the prior day.
The indicator will automatically start a new weekly EM plot at the beginning of the week, and a new daily EM at the beginning of each day.
The EM values must be updated weekly and/or daily.
Features
Plots the EM for the week
Plots the EM for the day, for symbols that offer daily expiration options
Plots the 2 Standard Deviation EM for both the weekly and daily EM
Labels with calculated values are plotted near the levels for quick visual aid
Settings
Can toggle weekly EM on/off
Can toggle Daily EM on/off
Can toggle 2 Standard Deviation lines on/off
Can toggle labels for all EM on/off
Robust line settings
Can adjust label location left/right based on personal preference
Can enter symbol into settings as a reference
Handy instructions in the settings
How To Set Up The Indicator
To use this indicator you must have access to a broker with options data (not available on Tradingview).
Usually, you can look at the stock's option chain to find the weekly expected move.
You will have to do your own research to find where this information is displayed depending on your broker. You may also need to find the information elsewhere if your broker does not have this information.
You can also do your calculation of the EM using the following formula (please do your own research):
Expected Move = Option Price x Implied Volatility x Square Root of Time
See screenshot example below
This is the Thinkorswim platform's option chain, and the Implied Volatility % and the calculated EM are on the right side of the option chain.
The Expected Move is circled in blue. Use the +- number in parentheses, NOT the % value.
For the weekly EM, input the number that corresponds to the weekly option into the indicator. This must be done on a weekly basis, and It is typically best to use the EM for the next week expiration that is generated AFTER the Friday close and/or before the Monday open of the upcoming week.
For the daily EM, input the number that corresponds to the daily 0DTE option into the indicator. This must be done on a daily basis, and it is typically best to use the EM value for the 0DTE option that is generated the night before (after market close), or before the market opens for that 0DTE. .
TheATR™: Volatility Extremes (VolEx)Volatility is a crucial aspect of financial markets that is closely monitored by traders and investors alike. The traditional Average True Range (ATR) oscillator is a widely used technical indicator for measuring volatility in financial markets. However, there are limitations to the ATR oscillator, as it does not account for changing market conditions and may not adequately reflect extreme price movements. To address these limitations, TheATR has developed the VolEx indicator, which aims to identify extremes in the ATR oscillator by building dynamic thresholds using either a 'percentage' or 'standard deviation' based comparison with the value of the ATR.
The VolEx indicator utilizes a dynamic approach to measure volatility by considering the current level of the ATR oscillator relative to the dynamically generated thresholds. The dynamic thresholds are calculated based on the current ATR value and the chosen method of comparison (either 'percentage' or 'standard deviation'). If the ATR value exceeds the upper dynamic threshold, the market is experiencing high volatility, while a value below the lower dynamic threshold indicates low volatility.
The VolEx indicator offers several advantages over traditional volatility indicators, such as the ATR oscillator. First, it takes into account the changing market conditions and adjusts the thresholds accordingly. Second, it offers flexibility in the choice of the comparison method, allowing traders to tailor the indicator to their specific trading strategies. Finally, it provides clear signals for identifying extremes in volatility, which can be used to inform trading decisions.
In summary, the VolEx indicator developed by TheATR is a dynamic and flexible technical indicator that offers a robust approach to measuring volatility in financial markets. By utilizing dynamic thresholds and allowing for different comparison methods, the VolEx indicator provides a valuable tool for traders and investors seeking to identify extremes in market volatility..
NOTE: It is important to note that volatility, as measured by the VolEx indicator, does not provide any directional bias for the market movement. Rather, it simply indicates the degree to which the market is moving, regardless of direction. Traders and investors must use other technical or fundamental analysis tools to determine the direction of the market and make informed trading decisions based on their individual strategies and risk tolerance.
Relative ATRATR is one of the main indicators we use to measure volatility. When the market starts to consolidate or does not rise, ATR will be at a relatively low position.
However, the classic ATR formula does not consider that when the price changes at a logarithmic level, the ATR value will also change significantly. Therefore, I divide the calculated ATR value by the closing price to get an amplitude ratio index.
The adjusted indicator can well reflect the level of volatility. For example, the volatility of BTC reached an unprecedented low in January this year, which means that there will be a significant outbreak after breaking through the consolidation range. The configuration of the breakthrough order will be an excellent choice.
