Double ATR Line, Assist on Trend, Volume and Unnormal Price Movement.
- Fast Line ATR
- Slow Line ATR
1) Able to Change The ATR = Period
2) Able to Change The ATR = Moving Average Type
This script is putting one of my old trading method, ATR Break, on chart.
It used to win many times in Dukascopy strategy contest a few years ago.
Pine script is quite easy to learn and very powerful. So I coded it to have a quick view for ATR break on chart.
The rule is simple:
- Current close - open / Previous ATR(5) > alertlevel (1.2), long signal
-...
This idea came up while discussing about strategies with one of the trading enthusiast from tradingview community.
Strategy basically uses existing script of Vix Fix by Chris Moody:
VixFix is a great indicator for finding the market bottoms. But, sometimes it generates signal too early. But, we can apply linear regression on vix fix to find vix fix top to make...
The Baus Bands are a simplified version of another one of my trend following indicators, the Neapolitan Bands. This version only shows the trend trading zones in green and red. An additional 21 EMA with an ATR band was added as part of my own trend trading rules using these bands.
How do I read this indicator?
Is the blue band between and not touching the...
Roc & Atr Orders
My indicator, where I compare the 20 bar change percentage with the 14 bar atr band, I hope it will be useful to everyone. the green zones can be interpreted as BUY and the red zone as SELL zone. In graphs with high motion and low atr, the channel narrowing can be interpreted as BUY and the channel opening as SELL.
No indicator shows you the...
Average True Range
What Is the Average True Range (ATR)?
The average true range (ATR) is a technical analysis indicator, that measures market volatility by decomposing the entire range of an asset price for that period.
The true range indicator is taken as the greatest of the following: current high less the current low; the absolute value of the current high...
Hi,
Welcome to my 4th script.
Someone asked me some questions about the Bollinger Band strategy I previously published. When I went back to my published script I couldn't help myself but simply try and make it better. Which I did.
Since I've published that script, I've gained much more knowledge about how Pinescript functions. As well as gaining more and more...
This strategy will enter into long position based on the volatility of prices implied by indicators of (a) Bollinger bands, and (b) ATR.
Application of Bollinger bands ("BOLL")
Using plain vanilla settings for BOLL (i.e. 20 period moving average, and 2 standard deviations of closing prices), we are interested to know about the shape of the area that is bounded...
The basis of this script is my "Hybrid Overbought/Oversold Detector" which uses many different oscillators to confirm overbought/oversold conditions. The main idea is to generate higher and lower bands around the desired moving average using an average of the volatility (ATR) and the standard deviation (StDev), of course by interfering detected overbought/oversold...
This indicator allows you to improve your stop loss placement. It displays two lines based on the ATR ( Average True Range ), an upper line based on the current price + ATR and a lower line based on the current price - ATR. The ATR is multiplied by 2 but you can change this in the indicator settings.
It is simply your traditional MFI , except that your 50 line became the actual price.
Why and how could it be useful? This indicator helps to spot more easily and efficiently divergences .
You could also use it for trend reversals as you usually do with your 50 line, but I would suggest to set a higher length for the MFI, like 155 or something like that.
View ATR Stop in a different timeframe, the default timeframe is 1D, the default ATR multiplier is 60%.
upperStop = current high + dayATR * 60%;
lowerStop = current low - dayATR * 60%;
This is a demo of ATR based trailing Stop Loss.
This SL strategy uses 2 types of ATR based SL.
tight SL as initial (ATR * 1.5)
slack SL as trailing (ATR * 4)
When any entry singal occurs by the buy/sell conditions, this SL strategy uses the "tight SL" as the initial SL.
Then the SL will chase the price as trailing SL. However, this strategy uses the...
My Own Kagi Indicator Implementation!
I couldn't find anywhere on the internet a simple implementation of the Kagi indicator (apart from a seemingly complicated JavaScript implementation).
So I decided to implement it myself and test it against the built-in Kagi indicator calculated by the built-in security function - They ended up exactly the same! (You can see...
![KO: [KL] Bollinger Bands Consolidation Strategy](https://s3.tradingview.com/u/UIdThJsJ_mid.png "[KL] Bollinger Bands Consolidation Strategy")
![AUDUSD: ATR trailing Stop Loss tight to slack [Takazudo]](https://s3.tradingview.com/u/uPqTfcHs_mid.png "ATR trailing Stop Loss tight to slack [Takazudo]")
