The Up/Down Range breaks the price range into an upward and a downward moving component, so we can easily turn it into a momentum oscillator. This script does just that. You can find the Up/Down Range (UDR) indicator here:
Measuring the difference between the highs and lows from the average, this measure can serve as a proxy for the volatility, just like the ATR. However, it breaks the range into an upward and a downward moving component, so it also gives information about the current trend direction. In fact, I turned it into a momentum indicator here:
Draws bounds on the last candle showing the potential movement range basing on the ATR value.
Plots ATR calculated on a daily basis as an overlay on the current chart. Implemented using the builtin atr function. ATR is a volatility indicator originally developed by J. Welles Wilder, Jr. for commodities: New Concepts in Technical Trading Systems. Greensboro, NC: Trend Research. ISBN 978-0-89459-027-6. The range of a day's trading is simply R = high −...
CDC ATR Trailing Stop V2.1 The indicator / system was developed a few years ago. Contains two ATR trailing stop lines, fast and slow. The slow ATR SL line is the same as the one in a normal ATR trailing stop loss indicator. The fast one is created to generate buy/sell signals To use the signals, activate them from the indicator's settings (gear icon next to...
May be used to find out stocks that have a "relatively" high ATR thereby signifying that it is susceptible to similar moves in the future.
Script to calculate the amount of stocks for of an order in relation to depot size (money), risk awareness, profit target and ATR
Based on the standard ATR trailing stop indicator. A few minor tweaks as used in Chaloke.com's community
ATR levels drawn on a chart as dynamic (can change throughout the day), straight lines. Upper band = daily ATR in pips + daily low. Lower band = daily high - daily ATR in pips. Can be used as a reversal signal if there is a good level past ATR. Can go long/short from there.
ATR levels drawn on a chart as dynamic (can change throughout the day), straight lines. Upper band = daily ATR in pips + daily low. Lower band = daily high - daily ATR in pips. Can be used as a reversal signal if there is a good level past ATR. Can go long/short from there.
Average True Range Trailing Stops Strategy, by Sylvain Vervoort The related article is copyrighted material from Stocks & Commodities Jun 2009 Please, use it only for learning or paper trading. Do not for real trading.
The same as the original Supertrend 1.0 indicator except I have added alerts and set the bar colour based on the trend. Original code is here:
Plots three Average True Range channels as described in Alexander Elder's "The New Trading for a Living". You can adjust the EMA and ATR days that are the basis of these channels. This is my first script – happy to get any feedback on this! Thanks :)
The ATR Up indicator shows increased volatility for the period. You can use it to filter your trades.