Holy sell-off Batman. Today we finally had some volatility, and a 2-3% down day in the stock indices. This range expansion seems like a perfect day to come back with another lesson on market tendencies and using ATR to calculate flush zones. What's a flush zone you ask? It's where the weak hands get flushed.
For this lesson, I'm using prior session lows as the levels to measure the zone, but you can apply this concept to any significant level. And remember, you can do this with any instrument. Try it in AAPL or BTCUSD or your favorite symbol.
rod you should make a flush zone indicator love your channel
RodCasilli
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@OliverDiaz, Thanks. Yeah, coding hybrid indicators that read multiple values (prior session levels, ATR, % ATR based on value) get a bit tricky. For flush zones, it's easier to set an alert at the level. I'll be streaming 30 minutes a day on TradingView in 2022. Live futures trading using our methods.
Waltellar
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@RodCasilli ; Thanks a lot for sharing here some of your knowledge and always posting very interesting videos .
RodCasilli
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@Waltellar, Thanks for the comment. Glad you're finding the posts helpful.
Waltellar
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@RodCasilli, ( ...how to see the last value of your ATR showing in the scale column : just need to click on the small notched wheel on the right bottom corner of the chart , then select "label" + "last indicator value" .... ) , but i might not have understood what fonction you were looking for ...
RodCasilli
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@Waltellar, yep, that's exactly what I was look for - thanks again. Lots of great functions in that gear/wheel I didn't know about.
Junmadayag
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I catched the buttom. I didn’t realise it will be filled