TheATR™: Volatility Extremes (VolEx)Volatility is a crucial aspect of financial markets that is closely monitored by traders and investors alike. The traditional Average True Range (ATR) oscillator is a widely used technical indicator for measuring volatility in financial markets. However, there are limitations to the ATR oscillator, as it does not account for changing market conditions and may not adequately reflect extreme price movements. To address these limitations, TheATR has developed the VolEx indicator, which aims to identify extremes in the ATR oscillator by building dynamic thresholds using either a 'percentage' or 'standard deviation' based comparison with the value of the ATR.
The VolEx indicator utilizes a dynamic approach to measure volatility by considering the current level of the ATR oscillator relative to the dynamically generated thresholds. The dynamic thresholds are calculated based on the current ATR value and the chosen method of comparison (either 'percentage' or 'standard deviation'). If the ATR value exceeds the upper dynamic threshold, the market is experiencing high volatility, while a value below the lower dynamic threshold indicates low volatility.
The VolEx indicator offers several advantages over traditional volatility indicators, such as the ATR oscillator. First, it takes into account the changing market conditions and adjusts the thresholds accordingly. Second, it offers flexibility in the choice of the comparison method, allowing traders to tailor the indicator to their specific trading strategies. Finally, it provides clear signals for identifying extremes in volatility, which can be used to inform trading decisions.
In summary, the VolEx indicator developed by TheATR is a dynamic and flexible technical indicator that offers a robust approach to measuring volatility in financial markets. By utilizing dynamic thresholds and allowing for different comparison methods, the VolEx indicator provides a valuable tool for traders and investors seeking to identify extremes in market volatility..
NOTE: It is important to note that volatility, as measured by the VolEx indicator, does not provide any directional bias for the market movement. Rather, it simply indicates the degree to which the market is moving, regardless of direction. Traders and investors must use other technical or fundamental analysis tools to determine the direction of the market and make informed trading decisions based on their individual strategies and risk tolerance.
真實波幅均值(ATR)
Relative ATRATR is one of the main indicators we use to measure volatility. When the market starts to consolidate or does not rise, ATR will be at a relatively low position.
However, the classic ATR formula does not consider that when the price changes at a logarithmic level, the ATR value will also change significantly. Therefore, I divide the calculated ATR value by the closing price to get an amplitude ratio index.
The adjusted indicator can well reflect the level of volatility. For example, the volatility of BTC reached an unprecedented low in January this year, which means that there will be a significant outbreak after breaking through the consolidation range. The configuration of the breakthrough order will be an excellent choice.
Fibonacci Levels Based on Supertrend [By MUQWISHI]A “ Fibonacci Levels Based on Supertrend ” indicator is supertrend indicator planned with Fibonacci retracements levels. Fibonacci retracements provides a sequence of levels starting from 0% to 100% in addition to extension levels. 0% is measured to be the initial Supertrend line, and 100% is the previous Supertrend line where it has been broken by candle. This tool could be valuable in terms of managing trades by setting targets and reducing the risk in the trend direction.
█ OVERVIEW
█ INDICATOR SETTINGS
Please let me know if you have any questions.
Thank you.
Cryptos Pump Hunter[liwei666]🔥 Cryptos Pump Hunter captured high volatility symbols in real-time, Up to 40 symbols can be monitored at same time.
Help you find the most profitable symbol with excellent visualization.
🔥 Indicator Design logic
🎯 The core pump/dump logic is quite simple
1. calc past bars highest and lowest High price, get movement by this formula
" movement = (highest - lowest) / lowest * 100 "
2. order by 'movement' value descending, you will get a volatility List
3. use Table tool display List, The higher the 'movement', the higher the ranking.
🔥 Settings
🎯 2 input properties impact on the results, 2 input impact on display effects, others look picture below.
pump_bars_cnt : lookback bar to calc pump/dump
resolution for pump : 1min to 1D
show_top1 : when ranking list top1 change, will draw a label
show pump : when symbol over threhold, draw a pump lable
🔥 How TO USE
🎯 only trade high volatility symbols
1. focus on top1 symbol on Table panel at top-right postion, trading symbols at label in chart.
2. Short when 'postion' ~ 0, Long when 'postion' ~ 1 on Table Cell
🎯 Monitor the symbols you like
1. 100+ symbols added in script, cancel remarks in code line if symbol is your want
2. add 1 line code if symbol not exist. if you want monitor 'ETHUSDTPERP ', then add
" ETHUSDTPERP = create_symbol_obj('BINANCE:ETHUSDTPERP'), array.unshift(symbol_a, ETHUSDTPERP ) "
🎯 Alert will be add soon, any questions or suggestion please comment below, I would appreciate it greatly.
Hope this indicator will be useful for you :)
enjoy! 🚀🚀🚀
Average True Range PercentWhen writing the Quickfingers Luc base scanner (Marvin) script, I wanted a measure of volatility that would be comparable between charts. The traditional Average True Range (ATR) indicator calculates a discrete number providing the average true range of that chart for a specified number of periods. The ATR is not comparable across different price charts.
Average True Range Percent (ATRP) measures the true range for the period, converts it to a percentage using the average of the period's range ((high + low) / 2) and then smooths the percentage. The ATRP provides a measure of volatility that is comparable between charts showing their relative volatility.
Enjoy.
Trail Blaze - (Multi Function Trailing Stop Loss) - [mutantdog]Shorter version:
As the title states, this is a 'Trailing Stop' type indicator, albeit one with a whole bunch of additional functionality, making it far more versatile and customisable than a standard trailing stop.
The main set of features includes:
Three independent trailing types each with their own +/- multipliers:
- Standard % change
- ATR (aka Supertrend)
- IQR (inter-quartile range)
These can be used in isolation or summed together. A subsequent pair of direction specific multipliers are also included.
Two separate custom source inputs are available, both feature the standard options alongside a selection of 'weighted inputs' and the option to use another indicator (selected via 'AUX'):
- 'Centre' determines the value about which the trailing sum will be added to define the stop level.
- 'Trigger' determines the value used for crossing of stops, initiating trend changes and triggering alerts.
A selection of optional filters and moving averages are available for both.
Furthermore there are various useful visualisation options available, including the underlying bands that govern the stop levels. Preset alerts for trend reversals are also included.
This is not really an 'out-of-the-box' indicator. Depending upon the market and timeframe some adjustments will be necessary for it to function in a useful manner, these can be as simple or complex as the feature-set allows. Basic settings are easy to dial in however and the default state is intended as a good starting point. Alternatively with some experimentation, a plethora of unique and creative configurations are possible, making this a great tool for tweaking. Below is a more detailed overview followed by a bunch of simple example settings.
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Lengthy Version :
DESIGN & CONCEPT
Before we start breaking this down, a little background. This started off as an attempt to improve upon the ever-popular Supertrend indicator. Of course there are many excellent user created variants available utilising some interesting methods to overcome the drawbacks of the basic version. To that end, rather than copying the work of others, the direction here shifted towards a hybrid trailing stop loss with a bunch of additional user customisation options. At some point, a completely different project involving IQR got morphed into this one. After sitting through months of sideways chop (where this proved to be of limited use), at the time of publication the market has began to form some near term trend direction and it appears to be performing well in many different timeframes.
And so with that out of the way...
INPUTS
The standard Supertrend (and most other variants) includes a single source input, as default set to 'hl2' (candle mid-range). This is the centre around which the atr bands are added/subtracted to govern the stop levels. This is not however the value which is used to trigger the trend reversal, that is usually hard-coded to 'close'. For this version both source values are adjustable: labelled 'centre' and 'trigger' respectively.
Each has custom input selectors including the usual options, a selection of 'weighted inputs' and the option to use another indicator (selected from the Aux input). The 'weighted inputs' are those introduced in Weight Gain 4000, for more details please refer to that listing. These should be treated as experimental, however may prove useful in certain configurations. In this case 'hl-oc2' can be considered an estimate of the candle median and may be a good alternative to the default 'centre' setting of 'hl2', in contrast 'cc-ohlc4' can tend to favour the extremes in the trend direction so could be useful as a faster 'trigger' than the default 'close'.
To cap them off both come with a selection of moving average filters (SMA, EMA, WMA, RMA, HMA, VWMA and a simple VWEMA - note: not elastic) aswell as median and mid-range. 'Centre' can also be set to the output of 'trigger' post-filter which can be useful if working with fast/slow crosses as the basis.
DYNAMICS
This is the main section, comprised of three separate factors: 'TSL', 'ATR' and 'IQR'. The first two should be fairly obvious, 'TSL' (trailing stop loss) is simply a percentage of the 'centre' value while 'ATR' (average true range) is the standard RMA-based version as used in Supertrend, Volatility Stop etc.
The third factor is less common however: 'IQR' (inter-quartile range). In case you are unfamiliar the principle here is, for a given dataset, the greatest 25% and smallest 25% of samples are removed. The remainder is then treated as a set and the range is calculated by highest - lowest. This is a commonly used method in statistical analysis, by removing the extremes it is less prone to influence by outliers and gives a good representation of the main dispersion around the median. In practise i have found it can be a good alternative to ATR, translating better across multiple time-frames due to it representing a fraction of the total range rather than an average of per-candle range like ATR. Used in combination with the others it can also add a factor more representative of longer-term/higher-timeframe trend. By discarding outliers it also benefits from not being impacted by brief pumps/volatility, instead responding only to more sustained changes in trend, such as rallies and parabolic moves. In order to give an accurate result the IQR is calculated using a dataset of high, low and hlcc4 values for all bars within the lookback length. Once calculated this value is then halved which, strictly speaking, makes it a semi-interquartile range.
All three of these components can be used individually or summed together to create a hybrid dynamics factor. Furthermore each multiplier can be set to both positive and negative values allowing for some interesting and creative possibilities. An optional smoothing filter can be applied to the sum, this is a basic SWMA-4 which is can reduce the impact of sudden changes but does incur a noticeable lag. Finally, a basic limiter condition has been hard-coded here to prevent the sum total from ever going below zero.
Capping off this section is a pair of direction multipliers. These simply take the prior dynamics sum and allow for further multiplication applied only to one side (uptrend/lo-stop and downtrend/hi-stop). To see why this is useful consider that markets often behave differently in each direction, we've all seen prices steadily climb over several weeks and then abruptly dump in the process of a day or two, shorter time frames are no stranger to this either. A lack of downside liquidity, a panicked market, aggressive shorts. All these things contribute to significant differences in downward price action. This function allows for tighter stops in one direction compared to the other to reflect this imbalance.
VISUALISATIONS
With all of these options and possibilities, some visual aids are useful. Beneath the dynamics' section are several visual options including both sources post-filter and the actual 'bands' created by the dynamics. These are what govern the stop levels and seeing them in full can help to better understand what our various configurations actually do. We can even hide the stop levels altogether and just use the bands, making this a kind of expanded Keltner Channel. Here we can also find colour and opacity settings for everything we've discussed.
EXAMPLES
The obvious first example here is the standard %-change trailing stop loss which, from my experience, tends to be the best suited for lower time frames. Filtering should probably minimal here. In both charts here we use the default config for source inputs, the top is a standard bi-directional setup with 1.5% tsl while the bottom uses a 2.5% tsl with the histop multiplier reduced to 0 resulting in an uptrend only stoploss.
Shown here in grey is the standard Supertrend which uses 'hl2' as centre and 'close' as trigger, ATR(10) multiplied by 3. On top we have the default filtered source config with ATR(8) multiplied by 2 which gives a different yet functionally similar result, below is the same source config instead using IQR(12) multiplied by 2. Notice here the more 'stepped' response from IQR following the central rally, holding back for a while before closing in on price and ultimately initiating reversal much sooner. Unlike ATR, the length parameter for IQR is absolute and can more significantly affect its responsiveness.
Next we focus on the visualisation options, on top we have the default source config with ATR(8) multiplied by 2 and IQR(12) multiplied by 1. Here we have activated the switch to show 'bands', from this we can see the actual summed dynamics and how it influences the stop levels. Below that we have an altogether different config utilising the included filters which are now visible. In this example we have created a basic 8/21 EMA cross and set a 1% TSL, notice the brief fakeout in the middle which ordinarily might indicate a buy signal. Here the TSL functions as an additional requirement which in this case is not met and thus no buy signal is given.
Finally we have a couple of more 'experimental' examples. On top we have Lazybear's 'Variable Moving Average' in white which has been assigned via 'aux' as the centre with no additional filtering, the default config for trigger is used here and a basic TSL of 1.5% added. It's a simple example but it shows how this can be applied to other indicators. At the bottom we return to the default source config, combining a TSL of 8% with IQR(24) multiplied by -2. Note here the negative IQR with greater length which causes the stop to close in on price following significant deviations while otherwise remaining fairly wide. Combining positive and negative multiples of each factor can yield mixed results, some more useful than others depending upon suitable market conditions.
Since this has been quite lengthy, i shall leave it there. Suffice to say that there are plenty more ways to use this besides these examples. Please feel free to share any of your own ideas in the comments below. Enjoy.
True Range MomentumThe indicator calculates the momentum of bullish and bearish based on the average true range and the highest highs and lowest lows of the historical price.
The indicator displays the strength for either taking a long position, or a short position.
The simplest way to use the indicator is to take a long position when the M+ line crosses above the 0 line. Similarly, to short, the M- line should cross above the 0 line. The exit would be when the respective line crosses below the 0 line.
The contrarian traders should wait for the lines to start rising towards the 0 line and taking an exit. In essence, the line should be going from negative to 0.
The greater the divergence between the M+ and M-, the stronger the trend.
The small table of Long and Short suggests what is in strength. A 100 will show a strong trend in the respective direction. It will be 50-50 when there is no clear direction, ideally identifying a consolidation range.
ER-Adaptive ATR Limit Channels w/ States [Loxx]As simple as it gets, channels based on high, low and ATR distances, Shows possible short term support / resistance or can be used as a take profit/stop-loss in some trading systems. It does this by comparing high/low values of price to multiplied by a multiple of ATR to determine when the trend changes. States are included to change the sensitivity to trend changes. 1 is very sensitive, 3 is least sensitive.
This uses Loxx's Expanded Source Types. You can read about them here:
What is ER Adaptive ATR?
Average True Range (ATR) is widely used indicator in many occasions for technical analysis . It is calculated as the RMA of true range. This version adds a "twist": it uses Perry Kaufman's Efficiency Ratio to calculate adaptive true range
Profitable Supertrend v0.1 - AlphaThis a script to try detect the best combination of supertrend parameters in a space of time. Sadly the script is slow. Evaluate all possibilities params is hard for a pinescript and my knowledge too. In some cases, when you want evaluate many time could be the script fails for timeout. Perhaps with time I could enhance. For this problem of speed the calculate of combinatios it's not complete: In factor use a increment of 0.2 in each param (0.1, 0.3, 0.5 ...) in period the increment for each value is 3. The range for factor it's from 3.0 to 12.0. The range of period it's from 10 to 43
My knowledge don't let me go more far. Perhaps with time I can enhance the script.
ATR PivotsThe "ATR Pivots" script is a technical analysis tool designed to help traders identify key levels of support and resistance on a chart. The indicator uses various metrics such as the Average True Range (ATR), Daily True Range ( DTR ), Daily True Range Percentage (DTR%), Average Daily Range (ADR), Previous Day High ( PDH ), and Previous Day Low ( PDL ) to provide a comprehensive picture of the volatility and movement of a security. The script also includes an EMA cloud and 200 EMA for trend identification and a 1-minute ATR scalping strategy for traders to make informed trading decisions.
ATR Detail:-
The ATR is a measure of the volatility of a security over a given period of time. It is calculated by taking the average of the true range (the difference between the high and low of a security) over a set number of periods. The user can input the number of periods (ATR length) to be used for the ATR calculation. The script also allows the user to choose whether to use the current close or not for the calculation. The script calculates various levels of support and resistance based on the relationship between the security's range ( high-low ) and the ATR. The levels are calculated by multiplying the ATR by different Fibonacci ratios (0.236, 0.382, 0.5, 0.618, 0.786, 1.000) and then adding or subtracting the result from the previous close. The script plots these levels on the chart, with the -100 level being the most significant level. The user also has an option to choose whether to plot all Fibonacci levels or not.
DTR and DTR% Detail:-
The Daily True Range Percentage (DTR%) is a metric that measures the daily volatility of a security as a percentage of its previous close. It is calculated by dividing the Daily True Range ( DTR ) by the previous close. DTR is the range between the current period's high and low and gives a measure of the volatility of the security on a daily basis. DTR% can be used as an indicator of the percentage of movement of the security on a daily basis. In this script, DTR% is used in combination with other metrics such as the Average True Range (ATR) and Fibonacci ratios to calculate key levels of support and resistance for the security. The idea behind using DTR% is that it can help traders to better understand the daily volatility of the security and make more informed trading decisions.
For example, if a security has a DTR% of 2%, it suggests that the security has a relatively low level of volatility and is less likely to experience significant price movements on a daily basis. On the other hand, if a security has a DTR% of 10%, it suggests that the security has a relatively high level of volatility and is more likely to experience significant price movements on a daily basis.
ADR:-
The script then calculates the ADR (Average Daily Range) which is the average of the daily range of the security, using the formula (Period High - Period Low) / ATR Length. This gives a measure of the average volatility of the security on a daily basis, which can be useful for determining potential levels of support and resistance .
PDH /PDL:-
The script also calculates PDH (Previous Day High) and PDL (Previous Day Low) which are the High and low of the previous day of the security. This gives a measure of the previous day's volatility and movement, which can be useful for determining potential levels of support and resistance .
EMA Cloud and 200 EMA Detail:-
The EMA cloud is a technical analysis tool that helps traders identify the trend of the market by comparing two different exponential moving averages (EMAs) of different lengths. The cloud is created by plotting the fast EMA and the slow EMA on the chart and filling the space between them. The user can input the length of the fast and slow EMA , and the script will calculate and plot these EMAs on the chart. The space between the two EMAs is then filled with a color that represents the trend, with green indicating a bullish trend and red indicating a bearish trend . Additionally, the script also plots a 200 EMA , which is a commonly used long-term trend indicator. When the fast EMA is above the slow EMA and the 200 EMA , it is considered a bullish signal, indicating an uptrend. When the fast EMA is below the slow EMA and the 200 EMA , it is considered a bearish signal, indicating a downtrend. The EMA cloud and 200 EMA can be used together to help traders identify the overall trend of the market and make more informed trading decisions.
1 Minute ATR Scalping Strategy:-
The script also includes a 1-minute ATR scalping strategy that can be used by traders looking for quick profits in the market. The strategy involves using the ATR levels calculated by the script as well as the EMA cloud and 200 EMA to identify potential buy and sell opportunities. For example, if the 1-minute ATR is above 11 in NIFTY and the EMA cloud is bullish , the strategy suggests buying the security. Similarly, if the 1-minute ATR is above 30 in BANKNIFTY and the EMA cloud is bullish , the strategy suggests buying the security.
Inside Candle:-
The Inside Candle is a price action pattern that occurs when the current candle's high and low are entirely within the range of the previous candle's high and low. This pattern indicates indecision or consolidation in the market and can be a potential sign of a trend reversal. When used in the 15-minute chart, traders can look for Inside Candle patterns that occur at key levels of support or resistance. If the Inside Candle pattern occurs at a key level and the price subsequently breaks out of the range of the Inside Candle, it can be a signal to enter a trade in the direction of the breakout. Traders can also use the Inside Candle pattern to trade in a tight range, or to reduce their exposure to a current trend.
Risk Management:-
As with any trading strategy, it is important to practice proper risk management when using the ATR Pivots script and the 1-minute ATR scalping strategy. This may include setting stop-loss orders, using appropriate position sizing, and diversifying your portfolio. It is also important to note that past performance is not indicative of future results and that the script and strategy provided are for educational purposes only.
In conclusion, the "ATR Pivots" script is a powerful tool that can help traders identify key levels of support and resistance , as well as trend direction. The additional metrics such as DTR , DTR%, ADR, PDH , and PDL provide a more comprehensive picture of the volatility and movement of the security, making it easier for traders to make better trading decisions. The inclusion of the EMA cloud and 200 EMA for trend identification, and the 1-minute ATR scalping strategy for quick profits can further enhance a trader's decision-making process. However, it is important to practice proper risk management and understand that past performance is not indicative of future results.
Special thanks to satymahajan for the idea of clubbing Average True Range with Fibonacci levels.
DTR/ATR Scanner v1.0This indicator allows you to view DTR vs. ATR % for multiple instruments. When colors are Red the instrument is near 90% of its daily ATR.
Up Down VolatilityThis is just experimental. I wanted the flexibility in looking at volatility and this indicator gives you several ways to do so.
I haven't figured out the best way to use this yet but I suspect that as a form of entry confirmation indicator would be best.
If you find a way this works well for you please drop me a note. It would nice know someone found a way to use it successfully!
The options available are:
* Your source can be price or the ATR.
* It allows you to separate the volatility of the bearish and bullish candles and even allows you to produce differential.
* You can choose to run the result through any one of many smoothers.
With the above options you can look at:
* The normal volatility. That is not split into bearish and bullish components.
* The bearish and bullish volatility and the difference between them.
* The relative bearish and bullish volatility and the difference between them.
The "The relative bearish and bullish" is each one divided into the source before it was split into Up and Down or low/high divided by close which should make the max value roughly around 1.
The code is structured to easily drop into a bigger system so use it as a lone indicator or add the code to some bigger project you are creating. If you do integrate it into something else then send me a note as it would be nice to know it's being well used.
Enjoy and good luck!
Multi IND Dashboard [Skiploss]Multi IND Dashboard is dashboard combine with price change, RSI, ATR, Alligator and Supertrend. With a maximum of 10 timeframes, I think it's going to make your life easier. In looking at the momentum of each chart.
How it work??
Change :
It is the distance from the close price of previous candlestick and shows the movement value of the candlestick in that timeframe.
RSI :
Default setting are 14 and source close
Value >= 75 : Fill text color maximum overbought
Value >= 65 : Fill text color medium overbought
Value >= 55 : Fill text color minimum overbought
Value >= 45 : Fill text color minimum overbought
Value >= 35 : Fill text color medium overbought
Value >= 25 : Fill text color maximum overbought
ATR :
Default setting are 14 length and RMA smoothing, It like the average swing of the candlesticks.
Alligator :
Default setting are 13, 8 and 5
Bullish status is value lips > teeth and teeth > jaw
Bearish status is value lips < teeth and teeth < jaw
Neutral status status is value lips > teeth and teeth < jaw or lips < teeth and teeth > jaw
Supertrend :
Default setting are 8 and 3.0
Bullish status is uptrend
Bearish status is downtrend
ATR+This is an indicator which uses the ATR (average true range) to calculate take profit levels, stop loss levels, and position sizing.
It acts an ATR indicator, based on concepts found in the No Nonsense Forex (NNFX) trading system.
ATR works by looking at the past N periods (14 by default) to see on average, how many pips or dollars an asset has moved. It is widely used by itself or as part of another indicator.
This script also implements money/risk management to determine:
Take Profit : 1.00x ATR (default)
Stop Loss : 1.50x ATR (default)
Risk : 2% of account size (default)
Position Sizing : How many lots/shares/units you need to achieve the indicated risk
Trade Value : The total cost of the lots/shares/units
This indicator only displays information in the status line. It does not guarantee a successful trade, and is only intended to be used to calculate take profit and stop loss levels, or as a point of reference when entering trades. Always do your own research.
1st Gray Cross Signals ━ Histogram SQZMOM [whvntr][LazyBear]This is the Histogram Version of one of my other indicators named: SQZ Momentum + 1st Gray Cross Signals (with arrows) Which is a modification of "Squeeze Momentum Indicator" by user: "LazyBear". In that indicator of his he described, and suggested, the use of his gray cross signals to find points of interest for trading based on the direction of momentum when the first gray cross appears... I have programmed these points, and highlighted them, for ease of use. The 1st gray cross strategy, he said , is from John F. Carter's book, Chapter 11, "Mastering the Trade".
Here we have the Histogram version, with background highlights only, and nothing on the chart, in true SQZ Momentum style.
Disclaimer: using this indicator, or any indicator anywhere, involves risk when trading and isn't a guarantee of 100% accurate results.
ATR Oscillator - Index (Average True range Oscillator)The purpose of converting the ATR value indicator to an oscillator;
It is known that the ATR value is not between the two specified values. So it is not compressed between 0 and 100 like RSI and %B etc. Therefore, conditions such as "A condition if ATR value is X, B condition if ATR value is Y" cannot be created. In order to create these conditions, the max and min value range of the ATR value must be determined. This indicator converts the ATR values into a percentage number according to the maximum and minimum ATR values in the period you will choose. Max value is 100, min value is 0. The considered ATR value, on the other hand, corresponds to the % of the difference between the max and min value in the selected period.
In this way, conditions such as "If the ATR Oscillator value is greater than 10 or 20 or 30" can now be created, or the value of another indicator can be calculated based on the ATR Oscillator value. For example; Let's say we want the standard deviation of BBand to change according to the value of the ATR Oscillator. If BBand Standard Deviation is 3 if ATRO value is 100, BBand Standard Deviation is 2 if ATRO value is 0, and BBand Standard Deviation is 2.5 when ATRO value is 50;
We can encode it as BBand_Std_Dev=((ATRO*0.01)+2 )
If the ATRO value is between .... and ...., you can make improvements such as plot color X.
Trendly
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About the script:
This script is an easy-to-use trend indicator, which is based on another popular indicator called "Supertrend" . The basic idea is very simple, i.e. to compute Average True Range(ATR) and use that as the basis for trend detection. The key difference lies in a custom trend detection method, that computes trends across different timeframes and projects them in a table view. The script also tries to improve the behaviour of the existing indicator by highlighting flat regions on the chart, indicating sideways market or potential trend reversals.
How to use it:
You can use it just like any other indicator, add it to your chart and start analysing market trends. Results can be interpreted as follows.
Indicator output is currently made up of two main components:
>> Trend Table:
Appears at the bottom right of your screen
Contains trend indicator for 9 different timeframes
Timeframes can be adjusted using indicator settings panel
Green Up Arrow --> Up Trend
Red Down Arrow --> Down Trend
>> Enhanced Supertrend:
Shows up as a line plot on the chart
Green line indicates up trend
Red line indicates down trend
White regions indicates slow moving markets or a potential trend reversal
Indicator can be used on any timeframe, it provides a view of current and historical market trend
Can be used as an indicator for entering/exiting trades
Can be used to build custom trading strategies
BankNifty Dash
This indicator to be used only in BankNifty , shows Values of BankNifty Index & its top constituents.
Dashboard Interpretation :
LTP - Last Traded Price.
D High - Day High.
D Low - Day Low.
I Points - Shows the contribution of top BankNifty constituents according to its weightage.
PH-PL - "PH - PL" means LTP is trading between Previous Days High( PH ) & Previous Days Low( PL ) which indicates Rangebound-ness.
"+ PH" means LTP is trading above Previous Days High( PH ) which indicates Bullish-ness.
"- PL" means LTP is trading below Previous Days Low( PL ) which indicates Bearish-ness.
ATR - Displays the Daily ATR (Average True Range) (14 period).
DTR - Current Day Range.
DTR% - Current Day Range percentage.
( DTR & DTR%, changes colour based on percent value. < 61.8 is green and > 61.8 is red.)
For example if the Daily ATR is 100 and the current range of the day is 200 this would be 200% the original move.
EMA:-
Default value of 5 is used in Fast EMA.
Default value of 21 is used in Slow EMA.
Default value of 200 is used in EMA (Used for trend direction).
User can change values from input section.
If the colour filled between Fast EMA and Slow EMA is green, the market is in a uptrend
If the colour filled between Fast EMA and Slow EMA is red, the market is in a downtrend.
ADR :-
Plots ADR (Average Day Range) zones are used as support and resistance, ADR zones are calculated using a 5 or 10 day period unless you change the settings.
PDH/PDL :-
Plots Previous Day High(PDH) and Previous Day low(PDL).
Remaining ATR [vnhilton]ATR levels can be used on a trading day to look for overextensions beyond the average, where you can look to take profits. Remaining ATR is calculated as the current day range subtracted by the previous day ATR. RATR is then plotted away from the high & low lines. All lines (except for the day open) are dynamic, so RATR lines will move according to how much RATR remains.
Note: This indicator only works on intraday timeframes
(FEATURES)
- Works on either RTH or ETH sessions
- Select Day ATR period, & 3 multipliers that will be applied to RATR values away from respective intraday high & low
- Extend current lines to the right
- Show recent lines only
- Change line style, colours within & out the intraday range, & thickness
- Change label offset, size, & colours within & out the intraday range
- Hide RATR lines & labels when within intraday range
- Plot fill between lines (note: RATR plot fills are from their lines to the intraday high & low, so there'll be overlapping)
To show more lines in the past, go to higher intraday timeframes.
Same chart & timeframe as above but on RTH session only.
Volatility Compression Ratio by M-CarloHello traders. I created this simple indicator to use as a FILTER.
He does not provide any operational signals but tells us if we are in a period of volatility compression or expansion and it can work on all market.
This filter works great for all strategies that work on breakouts
The concept is this: I will enter at breakout of a price level that I consider important, only if there is a volatility compression and not in the case of expansion of volatility.
Technically the calculation is very simple:
Step 1: I calculate the ATR at "x" periods, I set 7 by default because I get better results but you can change it as you like using the "atr length" field. You can also choose whether to calculate the ATR via RMA, SMA or EMA.
Step 2: I Calculate a simple average of the previous ATR over a longer period, longer period than set with the "length multiplier" parameter, which multiplies the "atr length" value by "x" times. Here I set the default 3 but you can change it as you like.
Step 3: I divide the ATR value calculated in step1 by its long-term average calculated in step2, obtaining a value that will oscillate above and below the value of 1
So:
if the indicator is above the value of 1 it means that volatility is expanding
If the indicator is below the value of 1 it means that we are in a period of volatility compression (and as we know volatility explodes sooner or later)
If you have any questions write to me and I hope this filter helps you! Have good Trading!
Average True Range Refurbished💡 Objective
This script is a rebuild of the pre-existing ATR indicator, with improvements and fine-tuning.
🪄Improvements
1. Normalization option (range 0 to 100)
2. Optional calculation of the ratio between current volatility and average volatility
3. Optional smoothing
4. Show a moving average
5. Show Bollinger Bands with 3 bands
6. Change bar colors according to ATR and Bollinger Bands
📚 Definition
'The Average True Range (ATR) is a tool used in technical analysis to measure volatility. Unlike many of today's popular indicators, the ATR is not used to indicate the direction of price. Rather, it is a metric used solely to measure volatility, especially volatility caused by price gaps or limit moves.'
(TradingView)
ATR & APCAverage True Range (ATR) and Average Price Change (APC). Shows the ATR and APC as well as the TR and PC for the current bar, colour coded to indicate very large/small bars. The ATR and APC are also colour coded to reflect whether they are increasing or decreasing. Style will need to be customized.
ATR Table 2.0ATR Table 2.0
This script was created in order to display a table that "calculates" how far the price can go on the current day .
The script is a table with 3 lines that calculates:
First Line - Day TR: The True Range of the current day ( - , including an Opening GAP if it exists);
Second Line - 10 Day ATR: The Average True Range of the asset (including Opening GAPs) for the last 10 days;
Third LIne - Range Consumed: How much of the 10 Day ATR it was consumed on the current day.
Example of how to use the information on the table and the understanding of it's purpose:
1) Supose you are day trading an asset that, during the last 10 days, have moved around $1.00 a day - This is the 10 Day ATR.
2) On this day, after 2 hours of the opening market, the price have already moved $0.50 (supose that it has moved $0.30 up and $0.35 down from the close of the prior day and the price is now near the close of the prior day).
3) In this situation, knowing that the price often moves around $1.00 a day, and knowing that it already moved $0.65 ($0.30 up and $0.35 down based on the close of the prior day), you may pay attention when the price breaksthrough the max or the min of the day, cause it can still move $0.35 in that direction ($1.00 - $0.65).
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ATR Table 2.0
Esse script foi criado para disponibilizar uma tabela que "calcula" quanto o preço pode andar ainda no dia em questão .
O script é uma tabela com 3 linhas que calcula:
Primeira Linha - TR do Dia: O Range Verdadeira do dia em questão ( - , incluindo GAP de Abertura se for o caso);
Segunda Linha - ATR de 10 Dias: A média do Range Verdadeira do ativo (incluindo GAPs de abertura) dos últimos 10 dias;
Terceira Linha - Range Consumido: O quanto do ATR de 10dias já foi consumido no dia em questão.
Exemplo de como usar essa informação na tabela e o entendimento do seu propósito:
1) Suponha que você está realizando day trade de um ativo que, durante os últimos 10 dias, se move em torno de $1.00 por dia. Esse é o ATR de 10 dias.
2) Nesse dia, após 2 horas da abertura do pregão, o preço já se moveu $.050 (suponhamos que ele tenha se moveu $0.30 para cima e $0.35 para baixo a partir do fechamento do dia anterior e agora o preço está próximo do fechamento do dia anterior).
3) Nessa situação, sabendo que o preço se move por volta de $1.00 por dia, e sabendo que ele já se moveu $0.65 ($0.30 pra cima e $0.35 pra baixo a partir do fechamento do dia anterior), você deve se atentar para quando o preço romper a máxima ou a mínima do dia, pois ele pode se mover ainda $.035 na direção do rompimento ($1.00 - $0.65).
