OPEN-SOURCE SCRIPT
已更新 ATR COG (Joy Bangla)

Notes:
This is an updated version 4 script from Lazy Bear's code as found from here
The update is there to ensure we can have alerts successfully set on Trading View
- Black crosses indicate squeeze. It means an impending move once squeeze is released
- Price tends to go from red dot to green dot to red dot to green dot to red dot in an endless cycle. We wait for the price bar to not touch the dots before we make a move
- If the price goes between the dots and the lines, it means it is likely overheated/oversold respectively
- If the price moves above the top line, it means the market is super overbought
- If the price moves below the bottom line, it means the market is super oversold
This is an updated version 4 script from Lazy Bear's code as found from here

The update is there to ensure we can have alerts successfully set on Trading View
發行說明
Title: Advanced ATR COG IndicatorDescription:
This Advanced ATR COG (Average True Range Center Of Gravity) Indicator is a sophisticated tool for traders seeking an edge in their technical analysis. The indicator is based on the concept of Center of Gravity (COG) and combines it with Average True Range (ATR) and Standard Deviation concepts to provide a more nuanced view of market behaviour.
Key features:
1. COG (Center of Gravity): The COG line (COG Median STDEV) is calculated by linear regression over a user-defined period. It essentially gives a best-fit line over the specified period and can provide insight into the market's overall trend.
2. STDEV Channel (COG BB+ and COG BB-): This channel is formed by adding/subtracting a user-defined multiple of the standard deviation from the COG line. It may provide potential areas of support and resistance.
3. ATR Channel (COG Starc+ ATR and COG Star- ATR): This channel is formed by adding/subtracting a user-defined multiple of the Average True Range from the COG line. It provides another perspective of volatility and may be used for breakout strategies or to assess risk.
Customization:
Users can customize the source for COG calculation, COG length, COG multiplier, and the top and bottom ATR multipliers better to suit their specific trading strategy or market conditions.
Please note that, like all technical analysis tools, this indicator should be used in conjunction with other forms of analysis and is not meant to provide buy or sell signals.
Always conduct your own analysis and consult a financial advisor before trading.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
For guides on how to use the Aladdin indicator or how to buy it, please check joy-bangla.gitbook.io/aladdin/
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
For guides on how to use the Aladdin indicator or how to buy it, please check joy-bangla.gitbook.io/aladdin/
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。