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Average True Range (ATR)

Stop Loss With Average True Range (ATR)Stop Loss With Average True Range (ATR) It simplifies the calculation of stop loss price for stop loss method using the average true range (ATR). For example; You want to stop loss below 3 ATR. Let's assume the price is 100, the average true range is 5. You will multiply the average true range by 3 and subtract from the price and enter a stop loss order at the 85 price you have reached. Instead of doing this calculation every time, you just need to use this script and set the multiplier to 3. A stop loss line will be drawn below the price candles. You can set the method to be used when averaging the true range. Methods you can use to average: EMA (exponentially moving average), HMA (hull moving average), RMA (moving average used in RSI), SMA (simple moving average), SWMA (symmetrically weighted moving average), VWMA (volume-weighted moving average), WMA (weighted moving average). You can set the length to be used when averaging the true range. You can set the multiplier to be used when determining the stop loss price. Turkish Ortalama Gerçek Aralıkla (ATR) Zarar Durdurma Gerçek aralığın ortalamasını kullanarak zarar durdurma yöntemi için zarar durdurma fiyatının hesaplanmasını kolaylaştırır. Örneğin; 3 ATR kadar aşağıda zarar durdurmak istiyorsunuz. Fiyatın 100, ortalama gerçek aralığın 5 olduğunu varsayalım. Ortalama gerçek aralığı 3 ile çarparak fiyattan çıkaracaksınız ve ulaştığınız 85 fiyatına zarar durdurma emri gireceksiniz. Bu hesabı her seferinde yapmak yerine bu betiği kullanmanız ve çarpanı 3 olarak ayarlamanız yeterli. Bu sayede fiyat mumlarının altına zarar durdurma çizgisi çizilecektir. Gerçek aralığın ortalaması alınırken kullanılacak yöntemi ayarlayabilirsiniz. Ortalama almak için seçebileceğiniz yöntemler: EMA (üstel hareketli ortalama), HMA (gövde hareketli ortalama), RMA (göreceli hareketli ortalama), SMA (basit hareketli ortalama), SWMA (simetrik ağırlıklı hareketli ortalama), VWMA (hacim ağırıklı hareketli ortalama), WMA (ağırlıklı hareketli ortalama). Gerçek aralığın ortalaması alınırken kullanılacak periyot uzunluğunu ayarlayabilirsiniz. Zarar durdurma fiyatını belirlerken kullanılacak çarpanı ayarlayabilirsiniz.
Pine Script® indicator
by GormYa
Commercial Algo Trend © Fzn V1Hello Traders, Here i bring to you my 2nd Price Action Atr based Indictor combined with fib entry and exit trailing levels with minimum risk and maximum profit , as we must have seen at times as we enter the trend reverse and hits our stop losses . Keeping that in mind as i too struggled and made losses so i decided and focused more on minimizing the stop loss and only on confirmation of Long or Short trade is been initiated with proper Stop loss as explained in the images below , why should we give market our money ;) as we are here to make money :D .. There is no holy grail as Stop loss wont be hit but yes it will be way less and all alerts are based on candle close . One can use this on any chart and any timeframe and its very good for scalping too .ATR Trailing SL is added too just incase you want to enter and exit trend manually . Better results are on 15m and above . Hope you guys will like it and comment if you have any doubts.. ----------------- Disclaimer Copyright by FaizanNawazz. The information contained in my scripts/indicators/strategies/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 are only for educational purposes! Happy Trading!
Pine Script® indicator
by FaizanNawazz
10
Saty ATR LevelsThis indicator uses the previous period close and +/- 1 ATR to display significant day, multiday, swing, and position trading levels including: - Trigger clouds for possibly going long/short @ 23.6 fib - Mid-range level at 61.8 fib - Full range level at +/- 1 ATR (from previous close) - Extension level at 161.8 fib Additionally, a convenient info table is provided that shows trend, range utilization, and numerical long/short values. This indicator is most beneficial when you combine it with price, volume, and trend analysis. For educational content please check out the indicator website at atrlevels.com. I am constantly improving this indicator, please use this one if you want to continue to get new features, bug fixes, and support.
Pine Script® indicator
by satymahajan
118
MTF Triple Kagi Indicator v1.0Introduction The indicator attempts to implement three (3) time-based, multi-timeframe, non-repainting Kagi lines as an overlay to your chart and applying a trend bullish/bearish trend strength evaluation based on the position of the Kagi close prices between the Fast Kagi and Slow Kagi. How is it original and useful? This indicator is unique in that it combines a Fast and Slow Kagi timeframes and applies the following trend analysis to determine bullish/bearish strength: Strong Bullish = when both Fast and Slow Kagi are below the current price and Slow is less than or equal to Fast Kagi. Moderate Bullish = when both Fast and Slow Kagi are below the current price and Slow is greater than Fast Kagi. Neutral = when current price is between the Fast and Slow Kagi. Moderate Bearish = when both Fast and Slow Kagi are above the current price and Slow is less than Fast Kagi. Strong Bearish = when both Fast and Slow Kagi are above the current price and Slow greater than or equal to Fast Kagi. In addition, the indicator adds a Trigger Kagi that you can optionally use as a faster Kagi to see more confirmation of trend within the Fast/Slow Kagi combination. It is not used in the bullish/bearish comparison analysis but is simply informative in confirming the trend with a smaller timeframe than the Fast Kagi. How does it compare to other scripts in the Public Library? This indicator makes use of the security() function and applies the best-practices as provided by the PineCoders' script called `security()` revisited so that the indicator will not repaint when you refresh the chart or re-open it at a later date. In addition, at the time of initial publishing, this indicator is the only publicly available indicator that combines multiple time-based Kagi lines to offer a simple trend analysis status for short-term or long-term traders. What does it do and how does it do it? When applied to the chart for the first time, the default settings will work to produce Kagi lines from the beginning of the chart history up to the real-time bar. All three Kagi lines will default to the current chart's timeframe, therefore it is expected that you open the settings and adjust the Fast and Slow Kagi settings to provide the full effects of the indicator's features. The example chart above is using a 1-Hour chart with a Fast Kagi of 1 day (ATR(6)), a Slow Kagi of 1-Week (ATR(6)) and a Trigger Kagi of 6-Hours (ATR(14)). These settings are not universal for all markets; thus, it will require trial and error adjustments to tune the indicator to the specific market you are evaluating. Lastly, the example chart above is illustrating how this indicator could be used with the 3Commas DCA Bot Strategy to provide entry and exit signals to simulate a bot's performance using the powerful Strategy Tester within TradingView to further evaluate the indicators influence on hypothetical trading conditions. The indicator provides a plot data point called "Kagi Bullish/Bearish Signal" that can be used in other chart strategies as a signal provider. The following is the meaning of the numeric signal value for this data point: Strong Bullish = 2 Moderate Bullish = 1 Neutral = 0 Moderate Bearish = -1 Strong Bearish = -2 Enjoy! 😊👍
Pine Script® indicator
by prosum_solutions
1
ATR SL + Position Size Calculator [DoctaBot]Props to @Veryfid for his original script 'ATR Stop Loss Finder'. The concept is simple. We use the average true range to determine an appropriate stop loss distance based on recent volatility. The original script calculated the stop loss offset from the current candle's high or low. Here, I've added the option to offset stop loss from the recent local low or local high (a better way in my opinion). I have also added a feature to automatically calculate position size by either dollar amount or as a percent of your account size to suit your risk profile (percent of account at risk per trade). This calculator supports use of leverage to calculate the amount of margin required to open desired position size.
Pine Script® indicator
by DoctaBot
5
ATR BandsIn many strategies, it's quite common to use a scaled ATR to help define a stop-loss, and it's not uncommon to use it for take-profit targets as well. While it's possible to use the built-in ATR indicator and manually calculate the offset value, we felt this wasn't particularly intuitive or efficient, and could lead to the potential for miscalculations. And while there are quite a few indicators that plot ATR bands in some form or another already on TV, we could not find one that actually performed the exact way that we wanted. They all had at least one of the following gaps: The ATR offset was not configurable (usually hard-coded to be based off the high or low, while we generally prefer to use close) It would only print a single band (either the upper or lower), which would require the same indicator to be added twice The ATR scaling factor was either not configurable or only stepped in whole numbers (often time fractional factors like 1.5 yield better results) To that end, we took to making this enhanced version to meet all of the above requirements. While we were doing so, we decided to take this opportunity to also make some non-functional enhancements as well: Updated the indicator to the most recent version of Pine Updated the indicator definition to allow alternate (non-chart) timeframe usage Made the input types explicitly defined to improve consistency Updated the inputs with appropriate minimum values and step sizes where appropriate Separated settings into logical groups Added helptext to the indicator settings noting usage and common settings values Explicitly titled the on-chart plots of the ATR bands so that they can more easily be identified and referenced in other indicators/scripts, as well as the Data Window Food for thought : When looking at some of the behaviors of these ATR bands, you can see that when price first levels out, you can draw a "consolidation zone" from the first peak of the upper ATR band to the first valley of the lower ATR band that price will generally respect. Look for price to break and close outside of that zone. When that happens, price will usually (but not always) make a notable move in that direction, which can be used as either a potential trigger or as an additional confluence with other indicators/price action. Finally, while we have made what we feel are some noteworthy updates and enhancements to this indicator, and have every intention of continuing to do so as we find worthy opportunities for enhancement, credit is still due to the original author: AlexanderTeaH
Pine Script® indicator
by TheTrdFloor
16
StopLossThat indicator helps us to determine the stop loss levels or prices in terms of atr levels. It includes 4 (four) options which are 1-Don't Risk, 2-Low Risk, 3-High Risk, 4-Risk Lover their exploding rates are 1-2.4% , 2-3.9% , 3-6.7% , 4-16.7% in sort. It helps us to produce new methods to decreace our risk/reward ratio. It is ATR Trailing StopLoss indicator. The indicator is awesome in terms of comfortable. Thanks and waiting for your feedbacks.
Pine Script® indicator
by MrMagic09
4
MTF Kagi Indicator v1.0Introduction The indicator attempts to implement a time-based, multi-timeframe, non-repainting Kagi lines as an overlay to your chart using traditional candlesticks. How is it original and useful? This indicator is unique in that it allows you to choose from among three different methods to define the reversal amount. They are: ATR (Average True Range): After each Kagi line is drawn, the latest ATR value from the selected timeframe will be used until a new vertical Kagi line is drawn. At this point, the latest ATR value will be used for the reversal amount until it changes again. This means that the reversal amount will adjust as price action volatility changes. Fixed Amount: This method will be useful if you desire to fix the reversal amount, like the normal Kagi Chart. Thus, use this option if you desire to mimic the same Kagi Chart on TradingView. Percent of Price: This method, like the ATR, will produce the reversal amount using the latest close price against the given percentage value. In addition, the indicator will allow you to define the Up and Down line colors and width. You can even elect to have a Kagi line drawn on the real-time bar or not. How does it compare to other scripts in the Public Library? This indicator makes use of the security() function and applies the best-practices as provided by the PineCoders' script called " `security()` revisited " so that the indicator will not repaint when you refresh the chart or re-open it at a later date. In addition, the indicator provides three possible alerts for Alert Conditions or Any Alert() Function Call. They are: "Break Shoulder" - this alert will trigger (Once Per Bar) when the close price crosses above the shoulder (higher) of the previous Kagi line. "Break Waist" - this alert will trigger (Once Per Bar) when the close price crosses below the waist (lower) of the previous Kagi line. "New Kagi Line" - this alert will trigger (Once Per Bar) when the indicator draws a new vertical Kagi line and continues to monitor the next trend change. When using the "Any alert() function call" option in creating alerts, the following placeholders are supported in the alert message: {{shoulder_price}}, {{waist_price}}, and {{kagi_close_price}} What does it do and how does it do it? When applied to the chart for the first time, the default settings will work to produce Kagi lines from the beginning of the chart history up to the real-time bar. The Kagi line width will have a width of 1 pixel and the colors will match the normal color schemes that TradingView charts have for rising and falling colors. The reversal method will default to ATR with a period length of 14 so that it can provide a visually appealing Kagi lines where the reversal amount will be adaptive for all price charts. The default timeframe will be the chart's timeframe, but it can be changed to any higher timeframe. Using a timeframe that is lower than the current chart will not disable the indicator, but the lines will not be accurate since lower timeframe prices are being grouped to fit the current timeframe. Enjoy! 😊👍
Pine Script® indicator
by prosum_solutions
7
ATR without paranormal barsWhat Is the Average True Range (ATR)? The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period. Problems of the classic ATR indicator The indicator does not show the true volatility of the instrument, at the moments of its strong acceleration or deceleration. For example, after a strong increase in the volatility of an instrument, with smoothing enabled, the indicator value lags a lot and shows high values, while in fact the volatility has returned to its previous values. A statistically sharp acceleration or deceleration in volatility ends as quickly as it began. Due to the problem of data lag, the value of the ATP indicator value information is greatly reduced. The more we increase the smoothing period, the more the indicator value will lag. The solution to the problem with a sharp temporary change in volatility is to exclude from the calculation the values ​​of the sizes of bars whose size deviates strongly from the average value, such bars are called paranormal. Examples of paranormal bars Paranormal bars occur when there is a sharp acceleration or deceleration of the instrument's volatility. This is characterized by the size of the bars, which are much smaller or larger than their average value in the next period of time. Comparison of the ATR indicator and ATR_WPB Comparison of the classic ATP indicator (top) and the ATP indicator calculated without taking into account paranormal bars (bottom). The example shows that where sharp changes in the instrument's volatility are temporary, they do not affect the value of the ATR_WPB indicator. Work example Red - ATR_WPB indicator Gray - True range Blue - Momentum (MTM) is a simple leading momentum indicator How is it calculated Gray - True range True Range (TR), which is defined as the greatest of the following: * Current High less the current Low * Current High less the previous Close (absolute value) * Current Low less the previous Close (absolute value) TrueRange = max {High-Low ; High - Close_previous ; Close_previous-Low} Blue - Momentum (MTM) is a simple leading momentum indicator Momentum (MTM) is simply calculated by subtracting the previous price close from the latest price close using the formula: Momentum = Latest close - Specified close where the specified period is any previous price close specified by the trader. The result is plotted as an unbound oscillator that oscillates above and below a center line, namely the zero line. Red - ATR_WPB indicator Mean value for N bars from a sample that excludes paranormal bars. How to use The value of the ATR_WPB indicator can be used to calculate the parameters of a trade, for example, to calculate the amount of risk (stop) per trade, taking 10%-15% of ATR_WPB as the amount of risk. If we take the ATR_WPB value on the daily chart, we can assume how far the instrument can travel in a day, because the TrueRange value will always tend to the ATR_WPB value. If the value of Momentum is significantly less than ATR_WPB, then we can conclude that the instrument has sufficient margin of movement, since the value of Momentum will tend to catch up with the value of ATR_WPB. If the Momentum value is greater than ATR_WPB, then it is worth recognizing that the instrument has already exhausted the energy of its movement, since statistically the Momentum value rarely exceeds the ATR_WPB value.
Pine Script® indicator
by aks_v
9
ATR Take Profit / Stop Loss [JoseMetal]============ ENGLISH ============ - Description: This indicator is based on ATR to print current ATR multiple values for Take Profits or Stop Loss levels, it's real time, so you can use the replay feature to test it or calculate these levels anytime on any candle. Therefore, levels are calculated by multiplying the ATR by the level multiplier. - Visual: Both a "diamond" and label with the ATR multiplier and price value are printed for each level. Each level has a color for both, diamond and label to make it easier to read. The levels are split in 2 columns for better visualization. - Usage and recommendations: Fibonacci's levels are used for default, but you can customize them as you like. I usually take 3.82 level (red by default) as stop loss, and I take profit every 2 levels depending on the timeframe, is good to let a small part run until break even or ATR 10 (last level). - Customization: Custom ATR period, 10 is default. Each level has custom multiplier and level. Customizable offset for diamonds and labels. Custom precision for prices (because it greatly depends on the asset you're working with). ============ ESPAÑOL ============ - Descripción: Este indicador se basa en el ATR para mostrar múltiples niveles de Take Profits o Stop Loss, es en tiempo real, por lo que se puede utilizar la función de repetición para probarlo o calcular estos niveles en cualquier momento y en cualquier vela. Por lo tanto, los niveles se calculan multiplicando el ATR por el multiplicador del nivel. - Visual: Tanto un "diamante" como una etiqueta con el multiplicador ATR y el valor del precio se imprimen para cada nivel. Cada nivel tiene un color tanto para el diamante como para la etiqueta para facilitar su lectura. Los niveles están divididos en 2 columnas para una mejor visualización. - Uso y recomendaciones: Se usan los niveles de Fibonacci defecto, pero puedes personalizarlos como quieras. Yo suelo usar el nivel 3.82 (rojo por defecto) como stop loss, y tomo beneficios cada 2 niveles dependiendo de la temporalidad, es bueno dejar correr una pequeña parte hasta el break even o ATR 10 (último nivel). - Personalización: Periodo ATR personalizable, 10 es el predeterminado. Cada nivel tiene multiplicador y nivel personalizables. Desplazamiento (offset) personalizable para los diamantes y las etiquetas. Precisión para decimales personalizada (porque depende mucho del activo con el que se trabaje).
Pine Script® indicator
by JoseMetal
3
Oasis Trading Group Market Making Bot - Mean Reversion BandsThe OTG Market Making Bot was designed with mean reversion trading in mind. It uses advanced ATR and other volatility formulas to create a set of bands that price should stay within. If price is testing the upper or lower bands then it is "extended" and a mean reversion back to the midline is likely. The indicator comes with two sets of reversion bands, by default they are set to two and three standard deviations away from the midline, these can be changed to your preference. The indicator will give you Buy and Sell arrows if the conditions are being met. The conditions can be as simple as price hitting the bands or with certain filters, the filters are as follows: Volatility Filter: Based on your settings it will look at the Current ATR vs Historic ATR Average if the Current ATR is higher than the average it will not show the mean reversion Buy/Sell signals because the volatility is too high. This filter can be turned on and off in the settings. Trend Filter: Based on your settings it will lookback a certain amount of candles to see if the current price action is ranging or trending. If the current price action is determined to be trending it will not show the mean reversion Buy/Sell signals because it wants to trade within a range. This filter cannot be turned off in the settings, but if you wish to see all the Mean Reversion Buy/Sell signals without any filters you can turn them on in the style settings. Midline: The midline is color coded based on your Trend Lookback settings. If it determines that the market is ranging it will be colored Green, if it determines that the market is trending it will be colored Red. Green means you are safe to take Mean Reversion trades. The indicator comes with multiple alerts for all the different Buy/Sell signals. These signals can come from the first set of bands, second set, or unfiltered. This indicator is designed to be paired with the ATR Improved Indicator I have created which is open source, it can be found here. Also, paired with the OTG Automated Trading Bot. The OTG Trading Bot is a trend following bot, it excels in trend trading but fails in range trading. This Mean Reversion bot was designed to compliment the OTG Bot perfectly. The Oasis Trading Group Market Making Bot will be available as a free add-on to all OTG Trading Bot users. If you have any questions feel free to let me know in the comments or DM me.
Pine Script® indicator
by OasisTrading
Average True Range - ImprovedAverage True Range - Improved is a small variation I have made to the standard ATR indicator. It will test the current ATR against the Historic Average ATR of your preference to see if the current volatility is high or low. Once it has determined if it is high or low it will color code the circles at the top based on this information. Green means the current volatility is low and red means the current volatility is higher than the historic average. In the settings I have also placed a couple styles, if you wish to show the ATR and Historic ATR in percent format instead of normal you can turn them on in the style settings. If you are using the percent format I recommend setting the Precision to 2-3 decimal places. I hope you all enjoy this indicator, if you have any questions please feel free to post them in the comments.
Pine Script® indicator
by OasisTrading
Average True Range (VStop) GuppyThis 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.
Pine Script® indicator
by animecummer
3
IR% - Intraday Range (% or $)Shows the percentage difference between the High and Low of the price bar expressed as a percent of the Open of that bar. In the settings, you can change to Price Change instead of percent change. This will show the price change between the High and Low for each price bar. It can be used on any time frame. I use it on the daily chart . I note the daily figure, and that lets me know how far the price tends to move during a typical day (no gaps included). If using on another time frame other than the daily, then it is an intrabar calculation, not intraday. Apply a moving average to it to see the average intraday movement after the open when using a daily chart . The IR% of a 1-minute chart tells you the price range of that one-minute price bar, and a weekly chart will show the price range of each weekly price bar. It only measures high to low versus the candle's open price. It does not include gaps between candles, which makes it different than the ATR. ATR is more useful for swing trading, where the trader may be holding through gaps in price, and thus wants to factor them in. The IR% is useful for day traders because it shows how much a stock tends to move during the day (intraday range), when using a daily chart . ATR is not as effective for this because it includes gaps, which day traders can't generally capitalize on. If the IR% is fluctuating between 5% and 10% over the last 50 days or so (on the daily chart ), day traders know that AFTER the open, the price is likely to move 5% to 10% from high point to low point. This can help with establishing profit targets, seeking out stocks that tend to move a lot within the day, or avoid these types of stocks if they are undesirable to you. Seek out low IR% stocks if you prefer lower movement during your selected time frame. A stock may have an ATR% of 5% but ATR doesn't tell us if that movement occurred after the open or includes a gap. Some stocks are prone to gaps. They may gap 4% most days, and then only move 1% during the day. This will still be a 5% ATR%, but most of that movement ISN'T capturable each day. The IR% for this stock would only be 1%, not 5% like the ATR suggests. I developed this because I like day trading volatile stocks, and I wanted a measure that ONLY includes movement during the day, and doesn't include price gaps in the calculation. Because as a day trader, gaps don't matter to me. I can only make money on what happens during the day, after the open. It is similar to another indicator called Average Day Range (ADR). Although most ADR calculations are already calculated as an average (so I don't see each individual value) or plots things on the chart. This may be useful for some people, but I wanted to see the data on each price bar, have the option to add a moving average or not, and not have anything plotted on the price chart. It also nice to be able to flip from % to $ dollar movement if desired.
Pine Script® indicator
by CoryMitchell-CMT
2
Fusion: ATR Ranging using PercentileA simple (but improved on my first attempt) way to determine a ranging market. The defaults are for a specific use of my own so by no means feel a need to use them, adjust as needed. By default this sits on the main chart however if you want to see the lines behind the result make a copy and put the copy on it's own chart and then just check the "Show ATR" and "Show PLI" (Percentile Linear Interpolation) flags. There is no reason for using a Hull MA over any other except that it's a preference of mine, that is, it's not for some magical reason I figured out. That said, the Hull is perhaps my favorite because of what I learned about it after quite a bit of research so take that as you will. Credit to: "Hull Suite by InSilico" from which I used the HMAs. The code is structured to easily drop into bigger system so use as a lone indicator or add to some bigger project you are creating. If you do add this to a bigger system please drop me a note as it's nice to know your system is being used in something greater. Finally, if you find value please do make a comment, give thumbs up etc. Enjoy and good luck!
Pine Script® indicator
by Koalems
3
ATR Drift %This script plots an histogram calculated this way: Get the previous ATR sample, calculated in the specified timeframe Get the actual open price of the bar in the specified timeframe minus the actual price in the current timeframe and plots the percent change between the the 2 values For example, if you select DAY as timeframe for the ATR: Plots the percent change between: - ATR(daily) from yesterday and - open from today - actual price Due to Tradingview limitations, only shows the plot if the actual timeframe of the graphic is equal or lower that the ATR selected timeframe The background changes shows a new ATR sample taking place I'm testing this for scalping in 5M timeframe with the ATR in 4H All my published scripts at: es.tradingview.com
Pine Script® indicator
by Nakitxu
intraday_bondsStatistics for assisting with intraday bond trading, using five minute periods and one hour ranges. There are two tables, a volatility table and a correlation table. The correlation table shows the correlation of five minute returns (absolute) between the four different bond contracts that trade on the CME. The volatility table shows for each contract: - The current realized volatility, based on the previous one hour of realized volatility. This figure is annualized for easy comparison with options contracts. - The current realized volatility's z-score, based on all available data. - The tick range of an "N" standard deviation move over one hour. Choose "N" using the stdevs input. - The previous hour's true range (high - low). The ranges are expressed in ticks.
Pine Script® indicator
by taylor_o
ADR in 0.5 / 1 / 3 / 5top of the morning! This indicator is a tiny bit different then the previous one i published. As per my little study into the ATR, i have decided to remove it out of my indicator and instead put in a half an ADR in dollar vallue. For me, i can use this value to check at what level i would like my stop. The next evolvement of this indicator might be a total new one since i'd be one for a lower timeframe with the 0.5 and 0.3 adr down from current high otd. Hope you enjoy it, Peace
Pine Script® indicator
by superbeeki
GBTT Range Wave IndicatorOverview: This script is a type of mean reversion indicator, it uses a short period EMA, the EMA5 to be exact, as its basis for a mean. From here, we run a modified version of ATR over a longer period of time to find an average range value for price movement. Finally, we calculate the cloud/band/wave by multiplying this range value by our deviation values to produce areas where the price could be considered too far from the mean (similar to an oversold or overbought scenario). Additionally, we wrote this script with a goal to reduce or eliminate repainting. In the code, we have utilized OPEN values (instead of CLOSE) and previous candle values (not the current candle) to build all the data for the algorithm here to avoid the waves constantly moving and changing their values on real time candles. That said, this is NOT a guarantee that it will never repaint. What you see: Visually, the waves are always on the chart. Optionally, we provide a custom standard deviation channel based off the EMA5 (represented with a blue shading) and/or a simple ema5/21 crossover cloud. These can be used for additional confluence if desired, but are not necessary for the core function of the indicator which would be the upper and lower wave. Intended use: To provide educational content about the short term movement of an asset. Designed to be run on any time frame. Disclaimer: NOT intended to be a sole source of Technical Analysis or anything more than an educational tool!
Pine Script® indicator
by GreatBlueTrades