ATR PlotterThis is an Average True Range plotting indicator that i myself use to get me the Stop Loss and Take Profit targets.
going through the settings, you can choose the multiplier you need; whether its 2, 3 or any other value
you can also change the smoothing, where the ATR can be based on EMA, SMA or any of the other types included.
lastly, i know that some traders use the ATR differently, so i included the source type of each ATR. the default is on Close but you can change it to High and low if you need to.
ATR
Solution Zigma - Fibonacci Impulse'Solution Zigma' is strategy for any securities because this strategy use EMA of Fibonacci Level and Plot Like candle easy for analysis trend impulse. This strategy used DMI(ADX) for filter sideway but not greatest indicator, Please use this strategy with Risk Management.
Stop Loss With Average True Range (ATR)Stop Loss With Average True Range (ATR)
It simplifies the calculation of stop loss price for stop loss method using the average true range (ATR).
For example;
You want to stop loss below 3 ATR. Let's assume the price is 100, the average true range is 5. You will multiply the average true range by 3 and subtract from the price and enter a stop loss order at the 85 price you have reached. Instead of doing this calculation every time, you just need to use this script and set the multiplier to 3. A stop loss line will be drawn below the price candles.
You can set the method to be used when averaging the true range. Methods you can use to average: EMA (exponentially moving average), HMA (hull moving average), RMA (moving average used in RSI), SMA (simple moving average), SWMA (symmetrically weighted moving average), VWMA (volume-weighted moving average), WMA (weighted moving average).
You can set the length to be used when averaging the true range.
You can set the multiplier to be used when determining the stop loss price.
Turkish
Ortalama Gerçek Aralıkla (ATR) Zarar Durdurma
Gerçek aralığın ortalamasını kullanarak zarar durdurma yöntemi için zarar durdurma fiyatının hesaplanmasını kolaylaştırır.
Örneğin;
3 ATR kadar aşağıda zarar durdurmak istiyorsunuz. Fiyatın 100, ortalama gerçek aralığın 5 olduğunu varsayalım. Ortalama gerçek aralığı 3 ile çarparak fiyattan çıkaracaksınız ve ulaştığınız 85 fiyatına zarar durdurma emri gireceksiniz. Bu hesabı her seferinde yapmak yerine bu betiği kullanmanız ve çarpanı 3 olarak ayarlamanız yeterli. Bu sayede fiyat mumlarının altına zarar durdurma çizgisi çizilecektir.
Gerçek aralığın ortalaması alınırken kullanılacak yöntemi ayarlayabilirsiniz. Ortalama almak için seçebileceğiniz yöntemler: EMA (üstel hareketli ortalama), HMA (gövde hareketli ortalama), RMA (göreceli hareketli ortalama), SMA (basit hareketli ortalama), SWMA (simetrik ağırlıklı hareketli ortalama), VWMA (hacim ağırıklı hareketli ortalama), WMA (ağırlıklı hareketli ortalama).
Gerçek aralığın ortalaması alınırken kullanılacak periyot uzunluğunu ayarlayabilirsiniz.
Zarar durdurma fiyatını belirlerken kullanılacak çarpanı ayarlayabilirsiniz.
wnG - Spikes IdentifierThis indicator, based on the ATR, allows you to identify the potential reversal on price and helps you identify the Support and Resistance.
When the price moves far away from the multiple moving average, the background color changes :
- Red for Short potential entry
- Green for Long potential entry
There are 2 ways to use this script :
- Conservative : Use it in your trading system to Take Profit ==> when the background turns red, close LONG position (and green = close short).
- Aggressive : As soon as the background turns red, enter SHORT (and green = long).
For aggressive use, I recommand you to couple this script with an oscillator to confirm the signals (RSI stochastic for example).
You can customize the sensibility with 4 levels :
- low probability of reversal
- medium probability of reversal
- high probability of reversal
- very high probability of reversal
PS : the "High" and "Very High" probability setup are the only one I'm using in my trading systems.
Commercial Algo Trend © Fzn V1Hello Traders,
Here i bring to you my 2nd Price Action Atr based Indictor combined with fib entry and exit trailing levels with minimum risk and maximum profit , as we must have seen at times as we enter the trend reverse and hits our stop losses . Keeping that in mind as i too struggled and made losses so i decided and focused more on minimizing the stop loss and only on confirmation of Long or Short trade is been initiated with proper Stop loss as explained in the images below , why should we give market our money ;) as we are here to make money :D .. There is no holy grail as Stop loss wont be hit but yes it will be way less and all alerts are based on candle close . One can use this on any chart and any timeframe and its very good for scalping too .ATR Trailing SL is added too just incase you want to enter and exit trend manually . Better results are on 15m and above . Hope you guys will like it and comment if you have any doubts..
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Disclaimer
Copyright by FaizanNawazz.
The information contained in my scripts/indicators/strategies/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators are only for educational purposes!
Happy Trading!
2 EMA + Stochastic RSI with ATR TrailingHello, one of my first public scripts!
This strategy uses:
1. 2 EMA's
2. Stochastic RSI
3. ATR
Very simple, yet effective strategy.
The strategy will go long when stochastic crosses under the oversold area and and price has pulled back to the fast EMA - while price is above the long term EMA. Vice versa for shorts.
The stop loss and take trofit are both based on the ATR. There is a trailing ATR function as well.
Happy Trading!
ATR SL + Position Size Calculator [DoctaBot]Props to @Veryfid for his original script 'ATR Stop Loss Finder'.
The concept is simple. We use the average true range to determine an appropriate stop loss distance based on recent volatility. The original script calculated the stop loss offset from the current candle's high or low. Here, I've added the option to offset stop loss from the recent local low or local high (a better way in my opinion).
I have also added a feature to automatically calculate position size by either dollar amount or as a percent of your account size to suit your risk profile (percent of account at risk per trade). This calculator supports use of leverage to calculate the amount of margin required to open desired position size.
ATR Day Grid by RSUATR at the daily and intraday prompt lines, it is recommended to trade within 50%, and if it exceeds 50%, there is a risk of chasing high.
At the minute level,Day-level ATR grid line is displayed.
CCI SupertrendCCI Supertrend
+ This simple scripts base on CCI level to plot "Supertrend".
+ When CCI move above level 0, SuperTrend lowerBand is plotted.
+ When CCI move below level 0, SuperTrend upperBand is plotted.
ATR BandsIn many strategies, it's quite common to use a scaled ATR to help define a stop-loss, and it's not uncommon to use it for take-profit targets as well. While it's possible to use the built-in ATR indicator and manually calculate the offset value, we felt this wasn't particularly intuitive or efficient, and could lead to the potential for miscalculations. And while there are quite a few indicators that plot ATR bands in some form or another already on TV, we could not find one that actually performed the exact way that we wanted. They all had at least one of the following gaps:
The ATR offset was not configurable (usually hard-coded to be based off the high or low, while we generally prefer to use close)
It would only print a single band (either the upper or lower), which would require the same indicator to be added twice
The ATR scaling factor was either not configurable or only stepped in whole numbers (often time fractional factors like 1.5 yield better results)
To that end, we took to making this enhanced version to meet all of the above requirements. While we were doing so, we decided to take this opportunity to also make some non-functional enhancements as well:
Updated the indicator to the most recent version of Pine
Updated the indicator definition to allow alternate (non-chart) timeframe usage
Made the input types explicitly defined to improve consistency
Updated the inputs with appropriate minimum values and step sizes where appropriate
Separated settings into logical groups
Added helptext to the indicator settings noting usage and common settings values
Explicitly titled the on-chart plots of the ATR bands so that they can more easily be identified and referenced in other indicators/scripts, as well as the Data Window
Food for thought : When looking at some of the behaviors of these ATR bands, you can see that when price first levels out, you can draw a "consolidation zone" from the first peak of the upper ATR band to the first valley of the lower ATR band that price will generally respect. Look for price to break and close outside of that zone. When that happens, price will usually (but not always) make a notable move in that direction, which can be used as either a potential trigger or as an additional confluence with other indicators/price action.
Finally, while we have made what we feel are some noteworthy updates and enhancements to this indicator, and have every intention of continuing to do so as we find worthy opportunities for enhancement, credit is still due to the original author: AlexanderTeaH
StopLossThat indicator helps us to determine the stop loss levels or prices in terms of atr levels. It includes 4 (four) options which are 1-Don't Risk, 2-Low Risk, 3-High Risk, 4-Risk Lover their exploding rates are 1-2.4% , 2-3.9% , 3-6.7% , 4-16.7% in sort. It helps us to produce new methods to decreace our risk/reward ratio. It is ATR Trailing StopLoss indicator. The indicator is awesome in terms of comfortable. Thanks and waiting for your feedbacks.
ATR and IV Volatility TableThis is a volatility tool designed to get the daily bottom and top values calculated using a daily ATR and IV values.
ATR values can be calculated directly, however for IV I recommend to take the values from external sources for the asset that you want to trade.
Regarding of the usage, I always recommend to go at the end of the previous close day of the candle(with replay function) or beginning of the daily open candle and get the expected values for movements.
For example for 26April for SPX, we have an ATR of 77 points and the close of the candle was 4296.
So based on ATR for 27 April our TOP is going to be 4296 + 77 , while our BOT is going to be 4296-77
At the same time lets assume the IV for today is going to be around 25% -> this is translated to 25 / (sqrt (252)) = 1.57 aprox
So based on IV our TOP is going to be 4296 + 4296 * 0.0157 , while our BOT is going to be 4296 - 4296 * 0.0157
I found out from my calculations that 80-85% of the times these bot and top points act as an amazing support and resistence points for day trading, so I fully recommend you to start including them into your analysis.
If you have any questions let me know !
ATR stoploss bands ATR止损通道线计算方式为开盘价，方便一开始就知道这根k线的止损位置。
用21和1.618作为参数，在btc上经常能看见刚好差一点打破到这个止损，不知是否是我的错觉。
使用方法：
出现信号后，将止损设置在当前k线止损点处，也可以用前一根的止损点，或前几根k线之内的最高价K线的ATR来止损。
ATR without paranormal barsWhat Is the Average True Range (ATR)?
The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period.
Problems of the classic ATR indicator
The indicator does not show the true volatility of the instrument, at the moments of its strong acceleration or deceleration.
For example, after a strong increase in the volatility of an instrument, with smoothing enabled, the indicator value lags a lot and shows high values, while in fact the volatility has returned to its previous values.
A statistically sharp acceleration or deceleration in volatility ends as quickly as it began.
Due to the problem of data lag, the value of the ATP indicator value information is greatly reduced. The more we increase the smoothing period, the more the indicator value will lag.
The solution to the problem with a sharp temporary change in volatility is to exclude from the calculation the values of the sizes of bars whose size deviates strongly from the average value, such bars are called paranormal.
Examples of paranormal bars
Paranormal bars occur when there is a sharp acceleration or deceleration of the instrument's volatility.
This is characterized by the size of the bars, which are much smaller or larger than their average value in the next period of time.
Comparison of the ATR indicator and ATR_WPB
Comparison of the classic ATP indicator (top) and the ATP indicator calculated without taking into account paranormal bars (bottom).
The example shows that where sharp changes in the instrument's volatility are temporary, they do not affect the value of the ATR_WPB indicator.
Work example
Red - ATR_WPB indicator
Gray - True range
Blue - Momentum (MTM) is a simple leading momentum indicator
How is it calculated
Gray - True range
True Range (TR), which is defined as the greatest of the following:
* Current High less the current Low
* Current High less the previous Close (absolute value)
* Current Low less the previous Close (absolute value)
TrueRange = max {High-Low ; High - Close_previous ; Close_previous-Low}
Blue - Momentum (MTM) is a simple leading momentum indicator
Momentum (MTM) is simply calculated by subtracting the previous price close from the latest price close using the formula:
Momentum = Latest close - Specified close
where the specified period is any previous price close specified by the trader. The result is plotted as an unbound oscillator that oscillates above and below a center line, namely the zero line.
Red - ATR_WPB indicator
Mean value for N bars from a sample that excludes paranormal bars.
How to use
The value of the ATR_WPB indicator can be used to calculate the parameters of a trade, for example, to calculate the amount of risk (stop) per trade, taking 10%-15% of ATR_WPB as the amount of risk.
If we take the ATR_WPB value on the daily chart, we can assume how far the instrument can travel in a day, because the TrueRange value will always tend to the ATR_WPB value.
If the value of Momentum is significantly less than ATR_WPB, then we can conclude that the instrument has sufficient margin of movement, since the value of Momentum will tend to catch up with the value of ATR_WPB.
If the Momentum value is greater than ATR_WPB, then it is worth recognizing that the instrument has already exhausted the energy of its movement, since statistically the Momentum value rarely exceeds the ATR_WPB value.
ATR Take Profit / Stop Loss [JoseMetal]============
ENGLISH
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- Description:
This indicator is based on ATR to print current ATR multiple values for Take Profits or Stop Loss levels, it's real time, so you can use the replay feature to test it or calculate these levels anytime on any candle.
Therefore, levels are calculated by multiplying the ATR by the level multiplier.
- Visual:
Both a "diamond" and label with the ATR multiplier and price value are printed for each level.
Each level has a color for both, diamond and label to make it easier to read.
The levels are split in 2 columns for better visualization.
- Usage and recommendations:
Fibonacci's levels are used for default, but you can customize them as you like.
I usually take 3.82 level (red by default) as stop loss, and I take profit every 2 levels depending on the timeframe, is good to let a small part run until break even or ATR 10 (last level).
- Customization:
Custom ATR period, 10 is default.
Each level has custom multiplier and level.
Customizable offset for diamonds and labels.
Custom precision for prices (because it greatly depends on the asset you're working with).
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ESPAÑOL
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- Descripción:
Este indicador se basa en el ATR para mostrar múltiples niveles de Take Profits o Stop Loss, es en tiempo real, por lo que se puede utilizar la función de repetición para probarlo o calcular estos niveles en cualquier momento y en cualquier vela.
Por lo tanto, los niveles se calculan multiplicando el ATR por el multiplicador del nivel.
- Visual:
Tanto un "diamante" como una etiqueta con el multiplicador ATR y el valor del precio se imprimen para cada nivel.
Cada nivel tiene un color tanto para el diamante como para la etiqueta para facilitar su lectura.
Los niveles están divididos en 2 columnas para una mejor visualización.
- Uso y recomendaciones:
Se usan los niveles de Fibonacci defecto, pero puedes personalizarlos como quieras.
Yo suelo usar el nivel 3.82 (rojo por defecto) como stop loss, y tomo beneficios cada 2 niveles dependiendo de la temporalidad, es bueno dejar correr una pequeña parte hasta el break even o ATR 10 (último nivel).
- Personalización:
Periodo ATR personalizable, 10 es el predeterminado.
Cada nivel tiene multiplicador y nivel personalizables.
Desplazamiento (offset) personalizable para los diamantes y las etiquetas.
Precisión para decimales personalizada (porque depende mucho del activo con el que se trabaje).
Oasis Trading Group Market Making Bot - Mean Reversion BandsThe OTG Market Making Bot was designed with mean reversion trading in mind. It uses advanced ATR and other volatility formulas to create a set of bands that price should stay within. If price is testing the upper or lower bands then it is "extended" and a mean reversion back to the midline is likely.
The indicator comes with two sets of reversion bands, by default they are set to two and three standard deviations away from the midline, these can be changed to your preference. The indicator will give you Buy and Sell arrows if the conditions are being met. The conditions can be as simple as price hitting the bands or with certain filters, the filters are as follows:
Volatility Filter: Based on your settings it will look at the Current ATR vs Historic ATR Average if the Current ATR is higher than the average it will not show the mean reversion Buy/Sell signals because the volatility is too high. This filter can be turned on and off in the settings.
Trend Filter: Based on your settings it will lookback a certain amount of candles to see if the current price action is ranging or trending. If the current price action is determined to be trending it will not show the mean reversion Buy/Sell signals because it wants to trade within a range. This filter cannot be turned off in the settings, but if you wish to see all the Mean Reversion Buy/Sell signals without any filters you can turn them on in the style settings.
Midline: The midline is color coded based on your Trend Lookback settings. If it determines that the market is ranging it will be colored Green, if it determines that the market is trending it will be colored Red. Green means you are safe to take Mean Reversion trades.
The indicator comes with multiple alerts for all the different Buy/Sell signals. These signals can come from the first set of bands, second set, or unfiltered.
This indicator is designed to be paired with the ATR Improved Indicator I have created which is open source, it can be found here.
Also, paired with the OTG Automated Trading Bot. The OTG Trading Bot is a trend following bot, it excels in trend trading but fails in range trading. This Mean Reversion bot was designed to compliment the OTG Bot perfectly.
The Oasis Trading Group Market Making Bot will be available as a free add-on to all OTG Trading Bot users.
If you have any questions feel free to let me know in the comments or DM me.
Average True Range - ImprovedAverage True Range - Improved is a small variation I have made to the standard ATR indicator. It will test the current ATR against the Historic Average ATR of your preference to see if the current volatility is high or low.
Once it has determined if it is high or low it will color code the circles at the top based on this information. Green means the current volatility is low and red means the current volatility is higher than the historic average.
In the settings I have also placed a couple styles, if you wish to show the ATR and Historic ATR in percent format instead of normal you can turn them on in the style settings. If you are using the percent format I recommend setting the Precision to 2-3 decimal places.
I hope you all enjoy this indicator, if you have any questions please feel free to post them in the comments.
Average True Range (VStop) GuppyThis script allows Volatility Stop, an average true range-based indicator, to be plotted like a "Guppy" multiple moving average indicator. Backtesting results seem pretty good when a solid majority of the lines are in agreement.
Of course, as is customary with my scripts, the user can select the length, source, and multiple for any of the ATR lines plotted and customize the visuals how they want.
Value added:
As far as I know, there aren't any ATR-based indicators that quite do this -- setting up a "Guppy" actually seems to help quite a lot with seeing the overall big picture & capturing the meat of a trend.
IR% - Intraday Range (% or $)Shows the percentage difference between the High and Low of the price bar expressed as a percent of the Open of that bar. In the settings, you can change to Price Change instead of percent change. This will show the price change between the High and Low for each price bar.
It can be used on any time frame.
I use it on the daily chart . I note the daily figure, and that lets me know how far the price tends to move during a typical day (no gaps included).
If using on another time frame other than the daily, then it is an intrabar calculation, not intraday.
Apply a moving average to it to see the average intraday movement after the open when using a daily chart .
The IR% of a 1-minute chart tells you the price range of that one-minute price bar, and a weekly chart will show the price range of each weekly price bar.
It only measures high to low versus the candle's open price. It does not include gaps between candles, which makes it different than the ATR. ATR is more useful for swing trading, where the trader may be holding through gaps in price, and thus wants to factor them in.
The IR% is useful for day traders because it shows how much a stock tends to move during the day (intraday range), when using a daily chart . ATR is not as effective for this because it includes gaps, which day traders can't generally capitalize on.
If the IR% is fluctuating between 5% and 10% over the last 50 days or so (on the daily chart ), day traders know that AFTER the open, the price is likely to move 5% to 10% from high point to low point. This can help with establishing profit targets, seeking out stocks that tend to move a lot within the day, or avoid these types of stocks if they are undesirable to you. Seek out low IR% stocks if you prefer lower movement during your selected time frame.
A stock may have an ATR% of 5% but ATR doesn't tell us if that movement occurred after the open or includes a gap. Some stocks are prone to gaps. They may gap 4% most days, and then only move 1% during the day. This will still be a 5% ATR%, but most of that movement ISN'T capturable each day. The IR% for this stock would only be 1%, not 5% like the ATR suggests.
I developed this because I like day trading volatile stocks, and I wanted a measure that ONLY includes movement during the day, and doesn't include price gaps in the calculation. Because as a day trader, gaps don't matter to me. I can only make money on what happens during the day, after the open.
It is similar to another indicator called Average Day Range (ADR). Although most ADR calculations are already calculated as an average (so I don't see each individual value) or plots things on the chart. This may be useful for some people, but I wanted to see the data on each price bar, have the option to add a moving average or not, and not have anything plotted on the price chart. It also nice to be able to flip from % to $ dollar movement if desired.
ATR Drift %This script plots an histogram calculated this way:
Get the previous ATR sample, calculated in the specified timeframe
Get the actual open price of the bar in the specified timeframe minus the actual price in the current timeframe
and plots the percent change between the the 2 values
For example, if you select DAY as timeframe for the ATR:
Plots the percent change between:
- ATR(daily) from yesterday
and
- open from today - actual price
Due to Tradingview limitations, only shows the plot if the actual timeframe of the graphic is equal or lower that the ATR selected timeframe
The background changes shows a new ATR sample taking place
I'm testing this for scalping in 5M timeframe with the ATR in 4H
All my published scripts at: es.tradingview.com
ATR Daily Drift %This script is an especial request from a user
Plots the percent change between:
- ATR(daily) from yesterday
and
- open from today - actual price
Due to Tradingview limitations, only shows the plot if the actual timeframe of the graphic is daily or lower.
All my published scripts at: es.tradingview.com
intraday_bondsStatistics for assisting with intraday bond trading, using five minute periods and one hour ranges. There are two tables, a volatility table and a correlation table. The correlation table shows the correlation of five minute returns (absolute) between the four different bond contracts that trade on the CME. The volatility table shows for each contract:
- The current realized volatility, based on the previous one hour of realized volatility. This figure is annualized for easy comparison with options contracts.
- The current realized volatility's z-score, based on all available data.
- The tick range of an "N" standard deviation move over one hour. Choose "N" using the stdevs input.
- The previous hour's true range (high - low).
The ranges are expressed in ticks.
GBTT Range Wave IndicatorOverview:
This script is a type of mean reversion indicator, it uses a short period EMA, the EMA5 to be exact, as its basis for a mean. From here, we run a modified version of ATR over a longer period of time to find an average range value for price movement. Finally, we calculate the cloud/band/wave by multiplying this range value by our deviation values to produce areas where the price could be considered too far from the mean (similar to an oversold or overbought scenario).
Additionally, we wrote this script with a goal to reduce or eliminate repainting. In the code, we have utilized OPEN values (instead of CLOSE) and previous candle values (not the current candle) to build all the data for the algorithm here to avoid the waves constantly moving and changing their values on real time candles. That said, this is NOT a guarantee that it will never repaint.
What you see:
Visually, the waves are always on the chart. Optionally, we provide a custom standard deviation channel based off the EMA5 (represented with a blue shading) and/or a simple ema5/21 crossover cloud. These can be used for additional confluence if desired, but are not necessary for the core function of the indicator which would be the upper and lower wave.
Intended use:
To provide educational content about the short term movement of an asset. Designed to be run on any time frame.
Disclaimer:
NOT intended to be a sole source of Technical Analysis or anything more than an educational tool!
