ATR Multiples Plotted

2023年9月27日

Inspired by @jeffsuntrading and @Fred6724's ATR% multiple from 50-MA.

There are no catch-all values, however a high of 6 and a low of -4 generally has been valuable to me. I tend to look at the historical highs and lows of the indicator, and adjust the Value High and Value Low accordingly to get an idea when profit-taking may be sensible.

The essence is the difference between price and the selected moving average, measured in ATRs.

2023年9月30日

發行說明

Added custom ATR Length

2023年11月8日

發行說明

Added optional 0-line

2023年11月15日

發行說明

Tidied and clarified some of the code.

--Currently working on an 'Adaptive Mode', which will calculate and plot the upper and lower values based on the selected average's historical turning points

2月2日

發行說明

Added quick reference table to show the dollar value of your chosen Value High and it's upside percentage.

Comes in handy when scanning or evaluating Pre/Post-Market moves. See ATRx6 value and AMZN pre-market value of ~$170 on 02/02/2024 for example.

2月2日

發行說明

Chart

7月10日

發行說明

Added option to allow percentage based calculations, which is how Jeff Sun's indicator is calculated.

Some changes and clarification to the table, see the tooltips for guidance.

7月10日

發行說明

Chart update

10月29日

發行說明

Fixed typos in table

昨天

發行說明

Updated to Pine v6