PROTECTED SOURCE SCRIPT
atrATR
so this easy to see indicator based on ATR and donochian channel
there is fast and there is slow channels . when they are kissing each other then either in the low point or high point is change of trend. for example: the price went to high point and the fast channel is departing down from the slow this is time to sell.
the opposite when the fast channel departing up from the slow channel
it the same mechanism of the linear regression just more accurate.
the circles are just point where ATR think it time to buy or sell. but this is easy way to think on trends and to figure out if you going short or long
there is fast and there is slow channels . when they are kissing each other then either in the low point or high point is change of trend. for example: the price went to high point and the fast channel is departing down from the slow this is time to sell.
the opposite when the fast channel departing up from the slow channel
it the same mechanism of the linear regression just more accurate.
the circles are just point where ATR think it time to buy or sell. but this is easy way to think on trends and to figure out if you going short or long
Protected script
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.