animecummer

Average True Range (VStop) Guppy

This 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.
Release Notes: adjusted default values
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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