ATR Trend & ATR Top/Bottom (Expo) is an advanced and multifunctional trading tool that gives insight into Trends, Pullbacks, and where Top/Bottom pattern can occur. The indicator is simple to use and understand therefore valuable to all trading styles.
One key feature is the ability to adjust settings according to the type of Trader you are. Trend Followers can easily enable Trend and Pullback settings and Scalpers can enable the Top/Bottom feature. The Trend, Pullback, and Top/Bottom setting can be displayed simultaneously for those that want to maximize their trading results!
Insights and Value the indicator brings:
✔ Clear perspective identifying short-term and long-term Trends
✔ A simple and convenient way to recognize Pullbacks and market impulses.
HOW TO USE
- Identify the short-term and long-term Trend
- Identify Pullbacks
- Identify market impulses
- Identify potential Tops/Bottoms
INDICATOR IN ACTION
1-hour chart (Trend-Setting used)
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
- New trend layer added. Now easier to spot Trend Shifts and Pullbacks.
- Alerts Added
- BarColor Added (When ATR crosses over/crosses under a predefined set limit value).
- Easier to only display the ATR Top/Bottom feature
- Improved setting panel
Access my indicators at: http://zeiier-man.com
Master List: https://1drv.ms/w/s!AieB89nHkQXVa2j_ZCKpATEp1T0?e
I compare the inner workings in the ATR Trend & ATR Top/Bottom with such a movement. I can use that for a strategy that is unmatched in its simplicity and precision.
If I had to choose between a Rolex and the ATR Trend & ATR Top/Bottom, the decision would be very easy for me.
With one I can measure how time is wasting, the other makes me rich over time.