Elixiumcapital.com

ATR Pips [LazyBear] [Elixium Mod: FEAR GAUGE]

Modified version of ATR Pips

The indicator's value is a third of the daily range which is good to use as a stop loss value for intra day scalping on markets such as index futures and forex.
It's good for detecting and confirming inflection points in the market.
Remove from Favorite Scripts Add to Favorite Scripts
//
// @author LazyBear 
// 
// List of my public indicators: http://bit.ly/1LQaPK8 
// List of my app-store indicators: http://blog.tradingview.com/?p=970 
//
study("ATR Pips [LazyBear] FEAR GAUGE", shorttitle="FEAR GAUGE", overlay=false, precision=0)
length=input(5, title="ATR Length")
mult=input(0.33, title="Percentage Multiplier (for ex., 0.7 = 70%)", step=0.1, minval=0.1, maxval=1.0)
sb=input(false, title="Show Enclosing BB")
l = input(34, minval=1, title="Enclosing BB Length")
m = input(2.0, minval=1, maxval=50, title="Enclosing BB Multiplier")
oa=input(false, title="Show actual ATR")
p=mult*100
ii=syminfo.pointvalue==0
s=ii?na:oa?atr(length):floor(syminfo.pointvalue * mult * atr(length))
x=ii?(nz(x[1])+0.7)%3.0:na
plotshape(ii?x:na, style=shape.cross, color=red, text="Invalid", location=location.absolute, title="ErrorText")
basis = sb?sma(s, l):na
dev = sb?m * stdev(s, l):na
upper = sb ? (basis + dev) : na
lower = sb ? (basis - dev) : na
plot(upper, color=gray, linewidth=2, title="Upper")
plot(lower, color=gray, linewidth=2, title="Lower")
plot(basis, color=orange, linewidth=2, title="Middle")
plot(ii?na:s, color=red, linewidth=2, title="ATR")

ul=hline(120, color=gray)
ll=hline(60, color=gray)
hline(80, color=gray)
hline(100, color=gray)

fill(ul,ll, color=blue)
What's the red dots at the top of the candles?
Reply
Elixiumcapital.com PRO aasifthemerchant
That's when I posted my ideas for shorting, turned out to be a great trade.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out