OPEN-SOURCE SCRIPT
ATR% Multiple from Key Moving Average
This script gives signal when the ATR% multiple from any chosen moving average is beyond the configurable threshold value. This indicator quantifies how extended the stock is from a given key moving average.
A lot of traders use ATR% multiple from 10DMA, 21EMA, 50SMA or 200SMA to determine how extended a stock is and accordingly sell partials or exit. By default the indicator takes 50SMA and when the ATR% multiple is greater than 7 then it gives the signal to take partials. You can back test this indicator with previous trades and determine the ideal threshold for the signal. For small and midcaps a threshold of 7 to 10 ATR% multiples from 50SMA is where partials can be taken while large caps can revert to mean even earlier at 3 to 5 ATR% multiples from 50SMA.
You can modify this script and use it anyway you please as long as you make it opensource on TradingView.
A lot of traders use ATR% multiple from 10DMA, 21EMA, 50SMA or 200SMA to determine how extended a stock is and accordingly sell partials or exit. By default the indicator takes 50SMA and when the ATR% multiple is greater than 7 then it gives the signal to take partials. You can back test this indicator with previous trades and determine the ideal threshold for the signal. For small and midcaps a threshold of 7 to 10 ATR% multiples from 50SMA is where partials can be taken while large caps can revert to mean even earlier at 3 to 5 ATR% multiples from 50SMA.
You can modify this script and use it anyway you please as long as you make it opensource on TradingView.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。