OPEN-SOURCE SCRIPT
已更新 ATR-Based Suitability Checker

Purpose:
Key Features:
How to Use:
Input Parameters:
Who Should Use This:
Notes:
This indicator helps traders identify the most suitable timeframe for trading by comparing fees to market volatility (ATR). Instead of filtering out specific assets or strategies, it focuses on finding optimal trading conditions for the selected timeframe. It is designed to adapt dynamically, ensuring that traders can align their approach with the current market environment.
Key Features:
- Dynamic ATR Analysis: Measures volatility using the Average True Range (ATR) and evaluates how fees impact potential profitability across timeframes.
- Fee-to-ATR Ratio: Calculates the proportion of fees to ATR, highlighting conditions where fees are too large relative to price movements.
- Visual Feedback: **Red Background:** Indicates unsuitable trading conditions where fees dominate. **Green Background:** Highlights suitable conditions for trading efficiency. Markers provide quick visual identification of suitability.
- Custom Transparency: Enables users to adjust the background’s transparency for better chart visibility.
How to Use:
- Timeframe Optimization: When volatility rises, price movements become larger, making shorter timeframes more suitable for trading. Conversely, during periods of low volatility, longer timeframes are preferable to avoid overtrading within a narrow price range.
- Spot & Leverage Trading: For spot trading, this tool identifies conditions where fees (e.g., 0.25%-0.3%) might excessively impact profitability. For instance, if ATR is comparable to fees, the trading environment may not be ideal. In leveraged trading, the indicator helps assess whether the current volatility supports your chosen leverage level, ensuring that leverage does not amplify undue risks.
- Efficiency Focus: The indicator emphasizes finding a balance between market conditions and your trading strategy. Not all timeframes need to be "suitable" at all times; instead, it highlights the best opportunities based on current market dynamics. Utilize the suitability ratio across different timeframes to guide and adjust your trading strategies effectively.
Input Parameters:
- ATR Length: Defines the period for ATR calculation (default: 14).
- Fee Percentage (%): Trading fee as a percentage of the closing price (default: 0.1%).
- Unsuitable Threshold (% of 1 ATR): Sets the maximum acceptable fee-to-ATR ratio for suitable conditions (default: 20%).
- Background Transparency (0-100): Adjusts the opacity of the background highlight (default: 80).
Who Should Use This:
- This tool is ideal for traders seeking to align their strategy with market conditions by finding the most suitable timeframe. It applies to both spot and leveraged markets, helping optimize efficiency while managing fees and volatility.
Notes:
- The ATR-Based Suitability Checker is a supplementary tool. Combine it with other forms of analysis for comprehensive decision-making.
- Regularly adjust the parameters to match your trading preferences and market conditions.
發行說明
unsuitableThreshold =15發行說明
unsuitableThreshold is now 8%. 發行說明
unsuitableThreshold = input.float(10, minval=1, title="Unsuitable Threshold (% of 1 ATR)") / 100發行說明
bgTransparency = input.int(90, minval=0, maxval=100, title="Background Transparency (0-100)")發行說明
unsuitableThreshold = input.float(8, minval=1, title="Unsuitable Threshold (% of 1 ATR)") / 100發行說明
unsuitableThreshold = input.float(6.5, minval=1.0, title="Unsuitable Threshold (% of 1 ATR)") / 100發行說明
unsuitableThreshold = input.float(8.2, minval=1.0, title="Unsuitable Threshold (% of 1 ATR)") / 100發行說明
- New Feature (Yellow Background):
The script now highlights periods of high volatility with a yellow background. This occurs when the fee-to-ATR ratio is below half of the unsuitable threshold (e.g., < 4.1% when the multiplier is 2). This addition helps identify when market conditions are too volatile for optimal trading, complementing the existing red (low volatility) and green (suitable volatility) backgrounds.
發行說明
color.purple highVolMultiplier = input.float(1.74, minval=1.0, title="High Volatility Multiplier (x normal)") 發行說明
unsuitableThreshold = input.float(9.0, minval=1.0, title="Unsuitable Low Volatility Threshold (% of 1 ATR)") / 100發行說明
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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。
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。