Super Adaptive RSI [Quantigenics]The Super Adaptive RSI Indicator is an advanced technical analysis tool designed to measure market momentum and identify potential trend reversals in financial markets. Unlike the traditional RSI indicator, the Super Adaptive RSI adapts to changing market volatility, in real-time, making it more responsive and accurate under various market conditions. The core innovation of this script lies in its dynamic adjustment of the RSI calculation based on the Average True Range (ATR), providing a more nuanced and reliable analysis of market conditions.
Key Features:
Adaptive RSI Calculation: Unlike the traditional RSI, the Super Adaptive RSI adjusts its calculation dynamically based on the ATR. This dynamic adjustment makes the indicator more sensitive during high volatility periods and less sensitive during low volatility periods, thereby reducing noise and improving signal accuracy.
Customizable Levels: Users can define the overbought and oversold levels, allowing flexibility based on different trading strategies and asset characteristics. This customization helps traders tailor the indicator to their specific needs.
Visual Alerts: The indicator includes visual alerts for overbought and oversold conditions, aiding traders in making timely decisions. These alerts are triggered when the smoothed RSI crosses above the oversold threshold or crosses below the overbought threshold.
Smoothing Options: The RSI value can be smoothed over a user-defined period, which helps in filtering out market noise and focusing on significant trends. The smoothing is done using a Simple Moving Average (SMA) to provide a clear view of the trend direction.
Technical Details:
ATR-Based Adjustment: The indicator calculates the ATR over a user-defined range (default is the average of a minimum of 3 and a maximum of 8 periods). The length of the RSI calculation is then adjusted based on this ATR value, allowing the RSI to adapt to current market conditions. Specifically, the ATR is used to determine the dynamic length of the RSI, which is recalculated for each new bar.
RSI Calculation: The RSI is calculated using the following steps:
1. Net Change Average: This is computed as a running average of the price changes, adjusted by a smoothing factor based on the adaptive length.
2. Total Change Average: This is the running average of the absolute price changes.
3. RSI Value: The RSI value is then derived from the ratio of the Net Change Average to the Total Change Average, scaled to fit within a 0-100 range.
Smoothing: The smoothed RSI is obtained by applying a Simple Moving Average (SMA) to the RSI values over a user-defined period (default is 3 periods).
Plotting and Visualization: The indicator plots the smoothed RSI along with the overbought and oversold levels on a separate pane. The colors of the RSI line change based on its position relative to these levels, providing immediate visual cues. Additionally, shaded areas are filled to highlight overbought and oversold zones.
User Instructions for Configuring the Super Adaptive RSI Indicator:
Source (Price): Select the price data that the indicator will use for calculations (default is hlc3 - the average of high, low, and close prices).
Max ATR Length: Set the upper boundary for market volatility analysis, determining the maximum sensitivity of the RSI (default is 8). This influences the dynamic length used in the RSI calculation.
Min ATR Length: Set the lower boundary for market volatility analysis, establishing the minimum sensitivity of the RSI (default is 3). This ensures that the RSI length does not become too short during low volatility periods.
Oversold Level: Define the value at which the asset is considered to be oversold (default is 30). This level helps identify potential buying opportunities.
Oversold Color: Choose a color to represent the oversold condition on the chart, enhancing visual clarity (default is blue).
Middle Level: Set the middle value for the RSI, often used as a neutral zone (default is 50).
Middle Level Color: Select a color for the middle level line on the chart for better visual representation (default is gray).
Overbought Level: Set the point at which the asset is deemed overbought (default is 70). This level helps identify potential selling opportunities.
Overbought Color: Choose a color to represent the overbought condition on the chart, making it easy to identify (default is red).
RSI Smoothing Length: Adjust the smoothing period for the RSI to control the responsiveness of the indicator line (default is 3). A longer smoothing period results in a smoother but less responsive RSI line.
How This Indicator Differs from the Traditional RSI Indicator:
The Super Adaptive RSI Indicator is not just another RSI tool. Its unique feature of dynamically adjusting the RSI calculation based on ATR sets it apart from conventional RSI indicators. This makes it particularly useful in volatile markets where static indicators often fail to provide accurate signals. The ability to customize key levels and smoothing options further enhances its utility, allowing traders to tailor the indicator to their specific trading strategies.
By offering a more adaptive and reliable measure of market conditions, this indicator helps traders make better-informed decisions, reducing the risk of false signals and improving overall trading performance. The visual alerts and color-coded RSI line provide immediate feedback, enhancing the trader’s ability to react to market changes.
Although the Super Adaptive RSI Indicator Is an invite-only script we’re offering it at no cost to anyone who wishes to use it.
Average True Range (ATR)
Candle Range Detector [UAlgo]The "Candle Range Detector " is a Pine Script™ indicator designed to identify trading opportunities based on the concept of price consolidation and breakout. It analyzes the price range of a specified number of previous candles and detects when subsequent candles stay within that range (consolidation). The indicator then highlights potential breakouts above or below the range and provides calculated Take Profit (TP) and Stop Loss (SL) levels based on your chosen method (percentage or Average True Range - ATR).
🔶 Key Features
Configurable Range: Define the minimum number of candles required to establish a valid price range.
Breakout Detection: Identify potential breakouts above or below the established range based on your selection (close price or wick).
Take Profit & Stop Loss Levels: The indicator calculates TP and SL levels based on your chosen method (percentage or ATR) and user-defined multipliers. The calculated TP and SL levels are visualized as horizontal lines with corresponding labels ("Take Profit" and "Stop Loss").
Optional Count Display: You can choose to display the number of candles currently within the range.
🔶 Disclaimer:
Not Financial Advice: This indicator is intended for educational and informational purposes only. It does not constitute financial advice or recommendations to buy, sell, or hold any financial instruments.
Use at Own Risk: Trading involves substantial risk of loss and is not suitable for all investors. Users of this indicator should exercise caution and conduct their own research and analysis before making any trading decisions.
Performance Not Guaranteed: Past performance is not indicative of future results. While the indicator aims to assist traders in analyzing market trends, there is no guarantee of accuracy or success in trading operations.
🔷 Related Scripts
Range Finder
NEXT Volatility-Momentum Moving Average (VolMo MA)Overview
Volatility-Momentum Moving Average (VolMo MA) incorporates two key market dynamics into its price averaging formula: volatility and momentum. Traditional MAs, like EMA, often lag in volatile markets or during strong price moves. By integrating volatility (price range variability) and momentum (rate of price change), we developed a more adaptive and responsive MA.
Key Concepts
Volatility Calculation: Average True Range (ATR) used to quantify market volatility. ATR measures the average price range over a specified period.
Momentum Calculation: Relative Strength Index (RSI) applied to assess market momentum. RSI evaluates the speed and magnitude of price movements.
Moving Average Adjustment: Dynamically weight EMA based on volatility and momentum metrics. When volatility is high, the MA's responsiveness increases. Similarly, strong momentum accelerates the MA adjustment.
Input Parameters:
Length - length of Volatility-Momentum Moving Average (VolMo MA). This input also affects how far back momentum and volatility are considered. Experimentation is highly encouraged.
Sensitivity - controls the Volatility-Momentum adjustment rate applied to the MA. Default is 50, but experimentation is highly encouraged.
Source - data used for calculating the MA, typically Close, but can be used with other price formats and data sources as well. A lot of potential here.
Note: The VolMo MA Indicator plots, both, the Volatility-Momentum Moving Average and EMA for base comparison. You can disable EMA by unticking it under Style tab.
NASDAQ 100 Futures ( CME_MINI:NQ1! ) 1-minute
The following example compares VolMo MA (blue) to EMA (green). Length set to 34, Sensitivity to 40. Notice the difference in responsiveness as price action consolidates and breaks out. The VolMo MA can be used for scalping at lower Length values and 40-60 Sensitivity or as a dynamic support/resistance line at higher Length values.
Alerts
Here is how to set price crossing VolMo MA alerts: open a TradingView chart, attach NEXT NEXT Volatility-Momentum Moving Average (VolMo MA), right-click on chart -> Add Alert. Condition: Symbol (e.g. NQ) >> Crossing >> NEXT Volatility-Momentum Moving Average (VolMo MA) >> VolMo MA >> Once Per Bar Close.
Development Roadmap
Our initial research shows plenty of edge potential for the VolMo MA when used, both, by itself, or interacting with other indicators. To that end, we'll be adding the following features over the next few months:
Visual signal generation via interaction with EMA, price action, and other MAs and indicators - you can already do alerts with TradingView's built-in Alert functionality
Addition of a second, fully configurable VolMo MA for a Double VolMo MA cross strategy
VolMo MA MACD
Automation and Backtesting via Strategy
ZigZag With ATR Filter [vnhilton](OVERVIEW)
The typical ZigZag indicator, which connects pivot points (see TradingView's Help Center regarding their indicator Pivot Points High Low, for an in depth explanation on how they are calculated) with lines, except instead of a percentage threshold, it uses ATR which adjusts for volatility of the ticker you are viewing. The ZigZag indicator can therefore be used to help visualise price legs and trends on a usually noisy looking chart.
(FEATURES)
- Toggles for pivot point label contents such as the value, the trend, or nothing at all.
- ATR and pivot point periods.
- ATR multiplier minimum threshold to plot pivots and draw lines only when this threshold is met (helps eliminate small, perhaps insignificant price movements, to have a better focus on the overall trend).
- Show the last 2 to 499 ZigZag lines.
- Uptrend, downtrend and range colors for high and low pivot labels, text labels and lines, for both confirmed and real-time plots.
- Label size, and label styles for the high and low pivots.
- Customisable width and styles (Arrow Right, Dashed, Dotted, Solid) for the ZigZag line.
In the main chart picture, labels show both the pivot point value and the trend at that point. In the picture above, on the left shows only the pivot point value, the right shows only the trend.
Picture above shows just the label with 0 contents. Also notice the last recent line being blue instead of green. This is because the current bar hasn't finished so this line is currently live and not confirmed, so is subject to change. Keep in mind even if a pivot point is confirmed, it can be updated by a subsequent higher high/lower low.
Left chart shows a minimum ATR threshold multiplier of 1x; Right chart has 2x ATR minimum threshold. Notice the left chart highlights more price legs as more price legs satisfy a less strict threshold.
Uptrick: Comprehensive Market Sentiment DashboardIntroducing "Uptrick: Comprehensive Market Sentiment Dashboard"—an advanced trading indicator designed to provide traders with a complete and detailed overview of market conditions for multiple assets at a glance. This sophisticated tool is engineered to enhance your trading decisions by consolidating key technical indicators into a single, easy-to-read dashboard. Perfect for both novice and experienced traders, the Uptrick Dashboard is built to offer a competitive edge in the dynamic world of trading.
### Purpose
The primary goal of the Uptrick Dashboard is to equip traders with a powerful, all-in-one solution that streamlines market analysis. By combining multiple technical indicators and presenting their outputs in a cohesive format, this dashboard eliminates the need to toggle between different charts and tools. It delivers a clear, immediate understanding of market sentiment across various assets, enabling faster and more informed trading decisions.
### Features and Inputs
The Uptrick Dashboard integrates several widely-used technical indicators, each customizable to fit your specific trading strategy. Here’s a detailed breakdown of the features and input parameters:
1. **Exponential Moving Average (EMA)**
- **Input Parameter:** EMA Length
- **Purpose:** Tracks the asset’s price trend by smoothing out price data over a specified period.
2. **Simple Moving Average (SMA)**
- **Input Parameter:** SMA Length
- **Purpose:** Provides a simpler, more straightforward calculation of price trends compared to EMA.
3. **Relative Strength Index (RSI)**
- **Input Parameter:** RSI Length
- **Purpose:** Measures the magnitude of recent price changes to evaluate overbought or oversold conditions.
4. **Moving Average Convergence Divergence (MACD)**
- **Input Parameters:** MACD Fast Length, MACD Slow Length, MACD Signal Length
- **Purpose:** Identifies changes in the strength, direction, momentum, and duration of a trend.
5. **Bollinger Bands (BB)**
- **Input Parameters:** BB Length, BB StdDev
- **Purpose:** Provides a visual representation of volatility and relative price levels over a specified period.
6. **Ichimoku Cloud**
- **Input Parameters:** Ichimoku Tenkan Length, Ichimoku Kijun Length, Ichimoku Span A Length, Ichimoku Span B Length
- **Purpose:** Offers a comprehensive view of support and resistance levels, momentum, and trend direction.
7. **Supertrend**
- **Input Parameters:** Supertrend ATR Length, Supertrend Multiplier
- **Purpose:** Combines trend direction and volatility to provide buy and sell signals.
8. **Symbols Input**
- **Input Parameter:** Symbols (comma separated)
- **Purpose:** Allows users to specify and monitor multiple assets simultaneously.
### Customization and Flexibility
Each indicator within the Uptrick Dashboard is fully customizable, allowing you to adjust parameters to align with your trading strategy. Whether you prefer short-term trading with faster indicators or long-term analysis with slower, more reliable data, this dashboard can be tailored to meet your needs.
### Key Differentiators
What sets the Uptrick Dashboard apart from other market sentiment tools is its unparalleled integration of multiple technical indicators into a single, comprehensive view. This consolidation not only saves time but also provides a more holistic understanding of market conditions. Here’s what makes the Uptrick Dashboard unique:
- **Integrated Analysis:** Combines multiple indicators to provide a unified market sentiment.
- **Customizable Inputs:** Each indicator can be adjusted to suit your specific trading strategy.
- **Multi-Asset Monitoring:** Track and analyze several assets simultaneously.
- **User-Friendly Interface:** Designed for ease of use, presenting data in an organized, visually appealing format.
- **Real-Time Updates:** Continuously updates to reflect the latest market data.
### Future Updates
We are committed to continually improving the Uptrick Dashboard to ensure it remains a valuable tool in your trading arsenal. Users can expect regular updates that will introduce new features, enhance existing functionalities, and incorporate user feedback. Future updates may include:
- **Additional Indicators:** Introducing new technical indicators to provide even deeper insights.
- **Enhanced Visualization:** Improved graphical representations for better data interpretation.
- **Automation Features:** Tools to automate certain trading strategies based on indicator outputs.
- **User Customization:** More options for personalizing the dashboard to fit individual preferences.
### How It Works
The Uptrick Dashboard operates by calculating key technical indicators for each specified asset and displaying the results in a neatly organized table. Here’s a closer look at how it works:
1. **Input Parameters:** Users input their preferred settings for each indicator, including the list of assets to monitor.
2. **Data Retrieval:** The dashboard retrieves real-time market data for each specified asset.
3. **Indicator Calculation:** Using the input parameters, the dashboard calculates the values for each technical indicator.
4. **Visual Display:** Results are displayed in a table format, highlighting key information such as price, 24-hour change, and sentiment indicators (e.g., MACD, RSI, Bollinger Bands).
5. **Final Position:** The dashboard calculates an overall market position (Long, Short, or Neutral) based on the combined outputs of the individual indicators.
### Conclusion
The "Uptrick: Comprehensive Market Sentiment Dashboard" is a must-have tool for traders seeking a streamlined, efficient way to monitor market conditions across multiple assets. By integrating essential technical indicators into a single, customizable dashboard, it provides a comprehensive view of market sentiment, facilitating quicker and more informed trading decisions. Stay ahead of the market with Uptrick and experience the difference that a well-designed, all-in-one trading tool can make.
With regular updates and a commitment to excellence, the Uptrick Dashboard is poised to evolve continually, adapting to the changing needs of traders and the dynamics of the market. Whether you’re a seasoned trader or just starting out, the Uptrick Dashboard offers the insights and flexibility needed to enhance your trading strategy. Invest in the Uptrick Dashboard today and take your trading to the next level.
ATR GerchikAverage True Range ( ATR ) is a technical analysis indicator that measures market volatility. It is a moving average of the true range over a period of time. Originally developed by a market technician J. Welles Wilder Jr. in the 1970s, ATR was utilized to measure the average volatility of an asset over a given time period. Wilder realized that measuring volatility using only closing prices would not yield accurate results, necessitating a more complex system. To calculate the Average True Range, one must first determine the True Range (TR).
ATR calculation procedure:
1. Determine the true maximum - this is the highest of the current maximum and yesterday's closing price of the day.
2. Determine the true minimum - this is the smallest of the current minimum and yesterday's closing price.
3. Determine the true range - this is the distance between the true maximum and minimum.
4. Exclude extremely large candles and extremely small ones from the obtained true ranges.
5. Calculate the average for the selected period based on the remaining range.
6. Calculate the percentage of the current True Range relative to the average ATR value for the previous period.
Description:
If you analyze market movements, you will find that 75-80% of the time, an instrument moves only 1 ATR per day. Understanding this is crucial; for example, if an instrument has already moved 80% of its daily range, it is not advisable to enter a new position. This concept is similar to a car's fuel tank; if the tank is nearly empty, the car won’t go far. Many indicators include anomalous candles in their ATR calculations, which can yield unreliable results and lead to incorrect decisions. This is why many traders prefer to calculate ATR manually.
However, the Gerchik ATR indicator accounts for anomalous candles by filtering out extremely large and small candles. Users can set the coefficient for the upper and lower filtering thresholds. Experiment with these settings to find your criteria for filtering out abnormal candles. Personally, I filter out candles larger than 2x ATR and smaller than 0.5x ATR. Additionally, this indicator displays the consumed “fuel” of the instrument for the entire day and the current percentages, so you don’t have to calculate the distance traveled manually. The indicator also visually displays the boundaries of the average true range on the chart, enabling quick and informed decisions. When building any strategy, relying on the average true range movement is essential.
This extended version of the indicator includes a NATP indicator (Normalized ATR), a variation of the ATR that measures volatility as a percentage of the current price. It helps gauge market volatility levels and assists traders in making informed decisions.
Procedure for calculating NATR (Normalized ATR):
1. Determine the true maximum - the higher of the current high and the previous close.
2. Determine the true minimum - the lower of the current low and the previous close.
3. Determine the true range - the distance between the true maximum and minimum.
4. Filter out extremely large and small values from the obtained true ranges.
5. Calculate the average for n candles based on the remaining ranges.
Additionally in this version:
- Change table position
- Added NATP indicator
- Option to turn off the table description
- Option to turn off some indicators in the table
- Indication of the selected period in the table
- Changing coefficients for filtering abnormal candles
- Display of the number of invalid candles in the selected period
- Inclusion of labels with full ATR, NATR, candle range, and validity information
- Color-coding labels based on validity
- Selection of colors for valid and invalid candles
- Adjustable label size
- ATR graph display on the chart
- Customizable graph style, line thickness, and fill color
Detailed description:
Displays colored labels with detailed information. Labels can be color-coded based on validity and selected color. The text color will automatically adjust if a lighter color is chosen.
Panel of available settings
Graphic styles:
Line ATR graph style
Cross line ATR graph style
Step line ATR graph style
Step line diamond ATR graph style
Cross ATR graph style
Columns ATR graph style
Circles ATR graph style
Area ATR graph style
Cross area ATR graph style
Key Features:
- Anomalous Candle Filtering: Excludes extremely large and small candles for more reliable ATR values. Set filtering thresholds independently as coefficients.
- Consumed Fuel Indicator: Shows the percentage of the ATR consumed, aiding quick assessment of remaining movement potential.
- Daily Timeframe Focus: Designed for daily charts for accurate long-term analysis. The indicator is displayed on the daily timeframe if enabled, hiding it on lower timeframes.
- Visual Indicator Boundaries: Displays indicator boundaries on the chart with customizable styles and settings.
Practical Applications:
ATR helps traders predict potential future price movements, aiding in setting Stop Loss and Take Profit targets. Using ATR for SL/TP placement helps avoid market noise. ATR can also form an exit strategy by placing Trailing Stop Losses.
- Entry and Exit Points: Determine optimal entry and exit points by assessing market volatility and potential price movement.
- Stop-Loss Placement: Calculate stop-loss levels based on ATR to ensure appropriate placement, accounting for current market volatility.
- Trend Confirmation: Use ATR percentage consumption to confirm trend strength and decide on trade entries or exits.
Examples of Use:
- Trend Following: During strong trends, ATR identifies increased volatility periods, signaling potential breakouts or reversals.
- Range Trading: In ranging markets, ATR highlights low volatility periods, indicating consolidation and potential breakout zones.
ATR Gerchik LightAverage True Range ( ATR ) is a technical analysis indicator that measures volatility in the market. ATR is a moving average of the true range over a period of time.
ATR calculation procedure:
1. Determine the true maximum - this is the highest of the current maximum and yesterday's closing price of the day.
2. Determine the true minimum - this is the smallest of the current minimum and yesterday's closing price.
3. Determine the true range - this is the distance between the true maximum and minimum.
4. We exclude extremely large candles (> x2 ATR) and extremely small ones (< 0.5 ATR) from the obtained true ranges.
5. We calculate the average for the selected period based on the remaining range.
6. We calculate the percentage of the current True Range relative to the average ATR value for the previous period.
Description:
If you analyze it yourself, you will see that 75-80% of the time, the instrument moves only 1 ATR per day. You must understand that if an instrument has, for example, moved 80% of its daily range, it is not advisable to purchase it. This is comparable to a car's fuel tank: if the tank is almost empty, the car won't go far. Most indicators that calculate ATR include anomalous candles, which give unreliable results and lead to incorrect decisions. Because of this, many traders prefer to calculate ATR on their own.
However, the Gerchik ATR indicator accounts for anomalous candles and filters out extremely large candles (> 2x ATR) and extremely small ones (< 0.5x ATR). Additionally, this indicator immediately shows the consumed “fuel” of the instrument as a percentage, so you don't have to calculate the distance traveled yourself. This allows you to make quick, informed decisions. If we see that the tank is almost empty, it is logical not to get into that car today. When building any strategy, you must rely on the average movement.
Key Features:
Anomalous Candle Filtering: Excludes extremely large and small candles to provide more reliable ATR values.
Consumed Fuel Indicator: Shows the percentage of the ATR consumed, helping traders quickly assess the remaining potential movement.
Daily Timeframe Focus: Designed specifically for use on daily charts for accurate long-term analysis.
Practical Applications:
Entry and Exit Points: Use the ATR to determine optimal entry and exit points by assessing market volatility and potential price movement.
Stop-Loss Placement: Calculate stop-loss levels based on ATR to ensure they are placed at appropriate distances, accounting for current market volatility.
Trend Confirmation: Use the percentage of ATR consumed to confirm the strength of a trend and decide whether to enter or exit trades.
Examples of Use:
Trend Following: During strong trends, ATR helps identify periods of increased volatility, signaling potential breakouts or reversals.
Range Trading: In ranging markets, ATR can highlight periods of low volatility, indicating consolidation and potential breakout zones.
Note: The indicator is displayed and works only on the daily timeframe!
The indicator was created according to the instructions, description of the functionality, and strategy of Mr. Gerchik. Thank you so much, Chief!
________________________
Average True Range ( ATR , средний истинный диапазон) – это индикатор технического анализа, который измеряет волатильность на рынке. ATR представляет собой скользящее среднее истинного диапазона за определенный период времени.
Порядок расчета ATR:
1. Определяем истинный максимум – это наивысшее из текущего максимума и вчерашней цены закрытия дня.
2. Определяем истинный минимум – это наименьшее из текущего минимума и вчерашней цены закрытия.
3. Определяем истинный диапазон – это расстояние между истинным максимумом и минимумом.
4. Исключаем из полученных истинных диапазонов экстремально большие свечи (> x2 ATR) и экстремально маленькие (< 0.5 ATR).
5. Рассчитываем среднее за выбранный период исходя из оставшегося диапазона.
6 . Рассчитываем процент текущего истинного диапазона (True Range) относительно среднего значения ATR за предыдущий период.
Описание:
Если вы сами проанализируете, то увидите, что 75-80% времени инструмент ходит только 1 ATR. И вы должны понимать, что если инструмент внутри дня прошел, к примеру, 80% своего движения, то этот инструмент больше нельзя покупать. Это можно сравнить с баком машины: если бак почти пустой, машина далеко не уедет. Большинство индикаторов, которые рассчитывают ATR, производят расчет с паранормальными свечами. Это дает недостоверный результат и приводит к неверным решениям. Многие трейдеры из-за этого не используют готовые индикаторы и предпочитают считать ATR самостоятельно. Но индикатор ATR Gerchik учитывает паранормальные свечи и фильтрует экстремально большие свечи (> x2 ATR) и экстремально маленькие (< 0.5 ATR). Также этот индикатор сразу показывает израсходованный "бензин" инструмента в процентах. И вам не надо самостоятельно высчитывать пройденный путь. Вы можете быстро принимать правильные решения. Если мы видим, что бак почти пустой, логично не садиться в эту машину сегодня. Когда вы строите какую-то стратегию, вы должны обязательно полагаться на среднестатистическое движение.
Существует много стратегий, завязанных на ATR, которые учитывают волатильность инструмента, запас хода, точки разворота, места выставления стоп-лоссов (SL) и тейк-профитов (TP) и другие факторы. Я не буду останавливаться на них, так как каждый может найти описание этих стратегий и использовать их на свой выбор.
Индикатор отображается и работает только на дневном таймфрейме!
Индикатор создан по наставлениям, описанию функционала и стратегии господина Герчика. Огромное спасибо, Шеф!
ICT Single Candle Order Block (SCOB) [UAlgo]The "ICT Single Candle Order Block (SCOB) " designed for traders who utilize the concept of Order Blocks in their trading strategy. Order Blocks are significant price levels where institutions or smart money have placed their trades, leading to potential future price reactions when these levels are revisited. This indicator focuses on identifying and highlighting Single Candle Order Blocks (SCOBs), allowing traders to visually analyze key price levels on their charts.
🔶 What is Single Candle Order Block (SCOB) ?
A Single Candle Order Block (SCOB) is a specific type of Order Block that is identified based on a single candlestick pattern. These patterns indicate potential areas where significant buying or selling interest has occurred, often leading to a notable price reaction when revisited. In the context of this indicator, a bullish SCOB is identified when a specific bullish candlestick pattern is met, and a bearish SCOB is identified based on a bearish candlestick pattern.
Bullish SCOB: Detected when the open price of two bars ago is higher than its close, the close price of the previous bar is higher than its open, the current close price is higher than the open, the low of the previous bar is lower than the low of two bars ago, and the current close is higher than the high of the previous bar.
Bearish SCOB: Detected when the open price of two bars ago is lower than its close, the close price of the previous bar is lower than its open, the current close price is lower than the open, the high of the previous bar is higher than the high of two bars ago, and the current close is lower than the low of the previous bar.
🔶 Key Features
Show Single Candle Order Block (SCOB): Toggle the visibility of the Single Candle Order Blocks on the chart.
Mitigation Method: Choose between "Close" and "Wick" methods for determining whether a SCOB has been mitigated (price has interacted with the block).
Show Last X SCOBs: Control the number of most recent SCOBs displayed on the chart, allowing you to focus on the most relevant price levels.
Volatility Filter: Enable or disable the volatility filter, which uses the Average True Range (ATR) to filter out less significant SCOBs. When enabled, only SCOBs with an ATR above the mean value of the ATR are displayed.
Customizable Colors: Configure the colors for bullish and bearish SCOBs to enhance visual clarity. The indicator uses cooler RGB values to ensure the blocks are distinct and easily noticeable.
🔶 Disclaimer
The "ICT Single Candle Order Block (SCOB) " indicator is provided for educational and informational purposes only. Trading involves significant risk and may not be suitable for all investors.
Past performance is not indicative of future results. Users should use this indicator in conjunction with their own research and trading strategy.
Supports & Resistances [UAlgo]The "Supports & Resistances " indicator is designed to identify and visualize key support and resistance levels on the price chart. It utilizes the Average True Range (ATR) and Pivot Points to define the boundaries of S & R zones and considers historical price action to assess the strength of these zones.
🔶 How to Obtain Zones
The script continuously analyzes the price action and identifies potential support and resistance zones based on the following criteria:
Zone Creation: For swing highs, a zone is created with the high price at the zone length as the top and the top minus the Average True Range (ATR) as the bottom. Conversely, for swing lows, the zone is created with the low price at the zone length as the bottom and the low plus the ATR as the top.
Zone Strength Calculation: The script iterates through historical bars within the zone and counts how many times the price (low for support, high for resistance) touched but failed to break entirely through the zone. This count is assigned as the zone's "strength".
Zone Display and Removal: It identifying zones by assigning a "strength" value based on how many times the price has approached but failed to break the zone. This helps prioritize stronger potential support/resistance levels. Only zones exceeding the defined "strength threshold" are visually displayed on the chart. Weaker zones or those broken by price are automatically removed.
🔶 Parameters
Zone Length: Traders can adjust S & R detection sensitivity, length to be used to find pivot points.
Strength Threshold: Set the minimum number of times the price needs to touch but fail to break a zone for it to be considered "strong" and displayed.
Visual Settings: Tailor the appearance of the support/resistance zones by defining separate colors and text size for borders, backgrounds, and zone text.
🔶 Disclaimer
The "Supports & Resistances " indicator is provided for educational and informational purposes only.
It should not be considered as financial advice or a recommendation to buy or sell any financial instrument.
The use of this indicator involves inherent risks, and users should employ their own judgment and conduct their own research before making any trading decisions. Past performance is not indicative of future results.
🔷 Related Scripts
Support and Resistance with Signals
ATR Based Support and Resistance Zones
Scalping System by Machine# Custom Trading System Indicator
This Pine Script indicator is designed to identify potential trading setups based on a specific set of rules. It's intended for use on lower timeframes (M1-M5) in the forex market, particularly during the New York-London overlap period.
## Key Features
1. **EMA Condition**: Uses a 20-period Exponential Moving Average (EMA) to determine trend direction.
2. **Candle Analysis**: Identifies strong bars and candle color changes.
3. **Volume Confirmation**: Checks for increasing volume.
4. **Volatility Filter**: Utilizes the Average True Range (ATR) to gauge market volatility.
5. **Time-based Filter**: Highlights the New York-London overlap period.
6. **Visual Aids**: Plots potential entry points, stop losses, and take profit levels.
## Trading Rules
1. **Buy Signal**:
- Price is above the 20 EMA
- Candle color changes from red to green
- Current candle is a strong bar (closing within 75% of its range)
- Volume is higher than the previous bar
- ATR(14) is above 4 pips OR it's during the NY-London overlap
2. **Sell Signal**:
- Price is below the 20 EMA
- Candle color changes from green to red
- Current candle is a strong bar (closing within 75% of its range)
- Volume is higher than the previous bar
- ATR(14) is above 4 pips OR it's during the NY-London overlap
3. **Stop Loss**: Placed near the low of the setup candle for buys, or near the high for sells.
4. **Take Profit**: Aimed at 1R (one times the range of the setup candle).
## Visual Elements
- **20 EMA**: Plotted as a blue line on the chart.
- **Buy Signals**: Green triangles below the candles.
- **Sell Signals**: Red triangles above the candles.
- **Stop Loss Levels**: Small red dots at the calculated stop loss prices.
- **Take Profit Levels**: Small green dots at the calculated take profit prices.
- **Information Table**: Displays current values for ATR, strong bar condition and volume condition.
## Usage Notes
1. This indicator is designed for manual trading, not automated execution.
2. It works best when combined with analysis of major trend lines, support, and resistance levels.
3. Exercise caution with very large setup candles.
4. Consider additional filters or money management rules for enhanced performance.
5. For higher timeframe bias validation, consider incorporating a 100-period break of structure (BOS) analysis.
## Customization
The indicator includes several input parameters that can be adjusted:
- EMA Length
- ATR Length and Threshold
- Volume Multiplier
- Strong Bar Percentage
Users can also toggle the visibility of stop loss and take profit markers.
Remember, while this indicator can identify potential setups, it should be used in conjunction with other forms of analysis and risk management strategies. Always consider the overall market context and your personal risk tolerance when making trading decisions.
ATR (Average True Range) mit relative/absolute Zahlen GERMAN:
Schnelle Zusammenfassung:
Dieses Skript basiert auf dem ATR-Indikator und wurde so angepasst, dass sowohl relative (%) als auch absolute Zahlen angezeigt werden. Es bietet eine Darstellung des ATR in absoluten und prozentualen Werten sowie multipliziert mit den Faktoren x2, x2.5 und x3. Diese Darstellung erleichtert die Festlegung von Stop-Kursen, insbesondere für Trailing Stops und Trailing Abstände.
Periode:
Die Periode ist einstellbar und definiert die Länge der Berechnung des ATR (Standardwert: 14).
Glättung: Es stehen verschiedene Methoden zur Auswahl, um die Daten zu glätten (RMA, SMA, EMA, WMA).
Berechnungen:
ATR (Absolute Zahl): Berechnung der durchschnittlichen wahren Reichweite (ATR) unter Verwendung der ausgewählten Glättungsmethode und Periode.
ATR (Prozentualer Wert): Berechnung des ATR als Prozentsatz des aktuellen Schlusskurses.
Multiplikation des ATR: Berechnung des ATR multipliziert mit den Faktoren 2, 2.5 und 3 zur Einschätzung verschiedener Handelsszenarien.
Darstellung:
Absoluter ATR-Wert: Darstellung der absoluten ATR-Werte in Blau.
Relative ATR-Werte (%): Darstellung der prozentualen ATR-Werte, ohne Linie in der Grafik (transparent).
Multiplizierte ATR-Werte (x2, x2.5, x3): Darstellung der multiplizierten ATR-Werte in den Farben Grün (x2), Orange (x2.5) und Lila (x3).
Textbeschriftungen: Für jeden absoluten ATR-Wert und seine Multiplikationen werden Textbeschriftungen links im Chart angezeigt.
Verwendung des Indikators:
Dieser Indikator unterstützt Trader und Analysten dabei, die durchschnittliche wahre Reichweite (ATR) eines Finanzinstruments zu verstehen und zu visualisieren. Die verschiedenen Multiplikationen des ATR ermöglichen es, potenzielle Preisbewegungen zu analysieren und Handelsstrategien zu entwickeln, die auf der Volatilität basieren.
Hinweis:
Dies ist meine persönliche Meinung und Einstellung. Dieses Skript stellt keine Bankberatung oder Anlageempfehlung dar. Die Nutzung erfolgt auf eigenes Risiko und Verantwortung des Nutzers.
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ENGLISH:
Quick Summary:
This script is based on the ATR (Average True Range) indicator and has been modified to display both relative (%) and absolute values. It provides a representation of ATR in absolute and percentage terms, as well as multiplied by factors x2, x2.5, and x3. This visualization aids in setting stop-loss levels, especially for trailing stops and trailing distances.
Period:
The period is adjustable and defines the length of the ATR calculation (default: 14).
Smoothing: Various methods are available to smooth the data (RMA, SMA, EMA, WMA).
Calculations:
ATR (Absolute Value): Computes the Average True Range using the selected smoothing method and period.
ATR (Percentage Value): Calculates the ATR as a percentage of the current closing price.
Multiplication of ATR: Computes the ATR multiplied by factors 2, 2.5, and 3 to assess different trading scenarios.
Visualization:
Absolute ATR Value: Displays the absolute ATR values in blue.
Relative ATR Values (%): Shows the ATR values as percentages, without lines in the chart (transparent).
Multiplied ATR Values (x2, x2.5, x3): Presents the multiplied ATR values in green (x2), orange (x2.5), and purple (x3).
Text Labels: Text labels are shown on the left side of the chart for each absolute ATR value and its multiples.
Use of the Indicator:
This indicator helps traders and analysts understand and visualize the Average True Range (ATR) of a financial instrument. The different multipliers of ATR allow for the analysis of potential price movements and the development of trading strategies based on volatility.
Disclaimer:
This represents my personal opinion and viewpoint. This script does not constitute bank advice or investment recommendations. Use it at your own risk and responsibility.
[KVA] KATRThe KATR indicator enhances the traditional ATR by leveraging the most common candle body percentage range, tailoring volatility measurement to specific market contexts. This advanced tool provides more relevant insights tailored to current market conditions.
Key Features:
Configurable ATR Length : Allows users to set the period for the ATR calculation, providing flexibility to adapt to different trading strategies and timeframes.
Multiple Smoothing Options : Offers a choice of RMA, SMA, EMA, and WMA for smoothing the ATR, enabling traders to select the method that best suits their analysis style.
Histogram Visualization for ATR Differences: The histogram visually represents the difference between the ATR and its moving average. This difference, or "dif," is calculated and smoothed, then multiplied by a user-defined factor. The histogram color indicates market conditions:
Light Red: Increasing but below zero, signaling potential weakening.
Light Green: Increasing and above zero, indicating strengthening.
Dark Green: Decreasing but above zero, showing potential weakening.
Dark Red: Decreasing and below zero, indicating strong weakening.
Ideal for Traders:
This indicator is perfect for traders seeking precise, context-sensitive volatility assessments to optimize trade timing and risk management strategies. Integrated seamlessly with other technical indicators, the KATR enhances your trading dashboard by adding depth to volatility analysis.
Detailed Explanation:
ATR Calculation: The ATR is derived by taking the average true range over a specified period, multiplied by the most common body percentage found in historical data.
Smoothing: Users can smooth the ATR using different methods, adding flexibility and customization to suit various trading styles.
Histogram: The histogram's primary function is to visualize the difference between the current ATR and its smoothed average. This provides clear, visual signals for potential volatility expansions or contractions, aiding in better decision-making.
Whether you're a day trader or a long-term investor, the KATR helps you stay ahead of market trends with reliable and easy-to-interpret insights. Elevate your trading strategy with the KATR's innovative approach to volatility measurement.
ATR by Time [QuantVue]"ATR by Time" incorporates time-specific volatility patterns by calculating the Average True Range (ATR) over a customizable period and comparing it to historical ATR values
at specific times of the day.
The Average True Range (ATR) is a popular technical indicator that measures market volatility by decomposing the entire range of an asset price for that period.
By taking the ATR at certain times of the day and comparing it to the current bar's ATR, traders can gain several potential advantages:
Volatility Pattern Recognition: Different times of the trading day often exhibit different levels of volatility. For instance, markets might be more volatile at the open and close compared to midday. By tracking ATR at specific times, traders can recognize these patterns and better predict periods of high or low volatility.
Risk Management: Understanding volatility trends throughout the day helps in better risk management. During periods of high expected volatility (indicated by higher ATR compared to the historical average), traders can adjust their stop-loss levels and position sizes accordingly to protect their capital.
Trend Confirmation and Divergence: This indicator can help confirm trends or identify potential reversals. For example, if the current ATR consistently exceeds the average ATR at specific times, it may confirm a strong trend. Conversely, if the current ATR falls below the historical average, it could signal a potential slowdown or reversal.
This indicator will work on all markets on all time frames. User can customize ATR length as well as the lookback period.
This script utilizes TradingView's RelativeValue library and averageAtTime function, which is used to compare a current data point in a time interval to an average of data points with corresponding time offsets across historical periods. Its purpose is to assess the significance of a value by considering the historical context within past time intervals.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers!
Supertrend Alert with Arrows and Time FilterOverview
This script is designed to generate trading signals based on the Supertrend indicator, a popular technical analysis tool. The Supertrend indicator is used to identify the direction of the market trend and potential reversal points.
Supertrend Settings
The script uses two sets of Supertrend settings:
Small Supertrend
Factor: 3.0
ATR Period: 10
Big Supertrend
Factor: 10.0
ATR Period: 30
These settings are fixed and should not be altered to maintain the integrity of the signal generation process.
Configurable Parameters
startHour: The hour at which signal generation begins.
endHour: The hour at which signal generation ends.
These parameters allow users to focus on specific trading hours, optimizing the signal relevance to their trading strategy.
Signal Types
The script generates two types of signals:
Type 1: Reversal Signal
Long Signal: Triggered when the big Supertrend is in an uptrend, and the small Supertrend transitions from a downtrend to an uptrend.
Short Signal: Triggered when the big Supertrend is in a downtrend, and the small Supertrend transitions from an uptrend to a downtrend.
Type 2: Trend Change Signal
Long Signal: Triggered when the big Supertrend changes from a downtrend to an uptrend.
Short Signal: Triggered when the big Supertrend changes from an uptrend to a downtrend.
How the Script Works
Initialization: The script initializes with predefined Supertrend settings.
Data Input: Market data (e.g., price data) is fed into the script.
Supertrend Calculation: The script calculates the Supertrend values using the predefined factors and ATR periods.
Signal Detection: The script monitors the Supertrend values and detects the defined signals based on the conditions mentioned above.
Time Filtering: Signals are filtered based on the specified startHour and endHour, ensuring only relevant signals are displayed within the desired timeframe.
Usage
Set Parameters: Define startHour and endHour according to your trading schedule.
Run Script: Execute the script with market data input.
Interpret Signals: Monitor the generated signals and use them to inform your trading decisions.
Originality
Dual Supertrend Usage: The use of both a small and a big Supertrend to generate signals adds a layer of complexity and reliability to the signals.
Time-Based Filtering: Allows traders to focus on specific trading hours, enhancing the relevance and accuracy of signals.
Two Signal Types: The combination of reversal signals and trend change signals provides comprehensive market insights.
Conclusion
This Supertrend Signal Generator is a robust tool for traders seeking to leverage the Supertrend indicator for more informed trading decisions. By combining dual Supertrend settings and configurable trading hours, the script offers unique and flexible signal generation capabilities.
ATR Price Range Prediction V.2### ATR Price Range Prediction V.2
This script calculates the expected high and low prices for the current day based on the Average True Range (ATR) and displays the proportion of days where the daily range (high - low) is greater than or equal to the ATR. Additionally, the script provides an option to adjust the size of the text displayed in the top-right corner of the chart.
#### How It Works
1. **ATR Calculation**: The script calculates the ATR for a specified period (`atrPeriod`). ATR is a measure of volatility that represents the average range between the high and low prices over a specified number of periods.
2. **Expected High and Low Calculation**:
- **Expected High**: Calculated by adding the ATR value to the low price of the current day.
- **Expected Low**: Calculated by subtracting the ATR value from the high price of the current day.
3. **Proportion Calculation**: The script calculates the proportion of days where the daily range (high - low) is greater than or equal to the ATR value. This proportion is updated in real-time as new data comes in.
4. **Table Display**: Instead of displaying labels on each candle, the script shows the expected high, expected low, and the calculated proportion in a table located at the top-right corner of the chart. The size of the text in this table can be adjusted using the `Table Size` input.
5. **Color Coding**: The script changes the color of the bars to yellow if the daily range is greater than or equal to the ATR value, making it easy to identify these bars visually.
#### How to Use
- **ATR Period (`atrPeriod`)**: Adjust the period for the ATR calculation using the input parameter. The default value is 14.
- **Table Size (`tableSizeOption`)**: Choose the size of the text displayed in the table. Options include `tiny`, `small`, `normal`, `large`, and `huge`.
- **Expected High and Low**: Use the green and red lines to identify potential target prices or stop-loss levels for your trades. The green line represents the expected high, and the red line represents the expected low.
- **Proportion**: The table in the top-right corner of the chart shows the proportion of days where the daily range is greater than or equal to the ATR value. This can provide insight into the volatility of the asset.
- **Color Coding**: Yellow bars indicate days where the daily range is greater than or equal to the ATR value.
---
### ภาษาไทย
### ATR คาดการณ์ราคาสูงสุดและต่ำสุด พร้อมสัดส่วน
สคริปต์นี้คำนวณราคาสูงสุดและต่ำสุดที่คาดการณ์สำหรับวันปัจจุบันโดยอิงจากค่าเฉลี่ยช่วงที่แท้จริง (ATR) และแสดงสัดส่วนของวันที่ช่วงราคาต่อวัน (สูง - ต่ำ) มากกว่าหรือเท่ากับค่า ATR นอกจากนี้ยังมีตัวเลือกในการปรับขนาดข้อความที่แสดงในกล่องข้อความมุมขวาบนของกราฟ
#### วิธีการทำงาน
1. **การคำนวณ ATR**: สคริปต์คำนวณค่า ATR สำหรับช่วงเวลาที่กำหนด (`atrPeriod`) ATR เป็นมาตรวัดความผันผวนที่แสดงช่วงเฉลี่ยระหว่างราคาสูงสุดและต่ำสุดในช่วงเวลาที่กำหนด
2. **การคำนวณราคาสูงสุดและต่ำสุดที่คาดการณ์**:
- **ราคาสูงสุดที่คาดการณ์**: คำนวณโดยการบวกค่า ATR กับราคาต่ำสุดของวันปัจจุบัน
- **ราคาต่ำสุดที่คาดการณ์**: คำนวณโดยการลบค่า ATR จากราคาสูงสุดของวันปัจจุบัน
3. **การคำนวณสัดส่วน**: สคริปต์คำนวณสัดส่วนของวันที่ช่วงราคาต่อวัน (สูง - ต่ำ) มากกว่าหรือเท่ากับค่า ATR สัดส่วนนี้จะอัปเดตแบบเรียลไทม์เมื่อมีข้อมูลใหม่เข้ามา
4. **การแสดงผลในตาราง**: แทนที่จะแสดงป้ายกำกับบนแท่งเทียนแต่ละแท่ง สคริปต์จะแสดงราคาสูงสุดที่คาดการณ์ ราคาต่ำสุดที่คาดการณ์ และสัดส่วนที่คำนวณในตารางที่มุมขวาบนของกราฟ โดยสามารถปรับขนาดข้อความในตารางได้
5. **การใช้สี**: สคริปต์จะเปลี่ยนสีของแท่งเทียนเป็นสีเหลืองหากช่วงราคาต่อวันมากกว่าหรือเท่ากับค่า ATR ทำให้สามารถระบุแท่งเทียนเหล่านี้ได้ง่ายขึ้น
#### วิธีการใช้งาน
- **ATR Period (`atrPeriod`)**: ปรับช่วงเวลาสำหรับการคำนวณ ATR โดยใช้พารามิเตอร์การป้อนค่า ค่าเริ่มต้นคือ 14
- **Table Size (`tableSizeOption`)**: เลือกขนาดข้อความที่แสดงในตาราง ตัวเลือกได้แก่ `tiny`, `small`, `normal`, `large`, และ `huge`
- **ราคาสูงสุดและต่ำสุดที่คาดการณ์**: ใช้เส้นสีเขียวและสีแดงเพื่อระบุราคาที่เป็นเป้าหมายหรือระดับการหยุดขาดทุนสำหรับการซื้อขายของคุณ เส้นสีเขียวแสดงถึงราคาสูงสุดที่คาดการณ์และเส้นสีแดงแสดงถึงราคาต่ำสุดที่คาดการณ์
- **สัดส่วน**: ตารางที่มุมขวาบนของกราฟแสดงสัดส่วนของวันที่ช่วงราคาต่อวันมากกว่าหรือเท่ากับค่า ATR ซึ่งสามารถให้ข้อมูลเชิงลึกเกี่ยวกับความผันผวนของสินทรัพย์
- **การใช้สี**: แท่งเทียนสีเหลืองบ่งบอกถึงวันที่ช่วงราคาต่อวันมากกว่าหรือเท่ากับค่า ATR
_____
Volume True Range (VTR) and Volume Average True Range (VATR)This indicator uses lower-timeframe cumulative volume delta (CVD) candles to calculate the Volume True Range (VTR) of your instrument. The VTR is calculated similarly to the traditional true range, but uses volume instead (no price is involved in the calculation other than in the lower timeframe bar delta assignments). I haven't seen this concept developed before on TradingView or frankly the Internet, but I thought it seemed fairly intuitive; we can calculate the lower timeframe volume delta candles, so it makes sense to calculate a volume true range, which could show divergences in volume and price.
The VTR is calculated by the following code which uses the lower-timeframe CVD candles:
volumeTR = math.max(cvd_high - cvd_low, math.abs(cvd_high - nz(cvd_close )), math.abs(cvd_low - nz(cvd_close )))
The Volume Average True Range (VATR) is calculated by taking the RMA of the VTR, similarly to the ATR.
I would like to thank TradingView for the calculation of up/down intrabar volumes, which I referenced from their 'CVD - Cumulative Volume Delta Candles' indicator.
How to Use
The VTR and VATR can be used to identify price-volume trends and volatility divergences. A strong VTR (above the VATR of your specified length) can indicate the start or continuation of a trend, which you can identify via the VTR color (determined via price candle colors). Similarly, a rising VATR with most VTR bars of a specific color (green or red) will show that volume is moving in a specific price direction.
Additionally, the VATR plotted next to the ATR of the same length will show you volume volatility divergences. A strong VATR next to a muted/flat ATR indicates strong volume movement, which price might follow in the upcoming bars. Or, for trend reversals, a decreasing ATR after a strong trend combined with a rising VATR of the opposite trend may show a possible reversal.
Hope you all enjoy this.
-wbburgin
* Quick note: lower timeframe analysis returns only so much data. If you are on a high timeframe and the indicator is showing only a limited amount of bars, raise the lower timeframe (but still keep it below your current timeframe) so that the arrays can return more bars for you.
Trade Exit Calculator [MarketSignalsPro]█ OVERVIEW
This Pine Script calculates a Stop Loss and Take Profit order suggestion based on the Average True Range (ATR). This provides a market generated visual reference for the user to better gauge risk and profit potential for their trades. This is not a trade signal system, it is a tool best used in conjunction with an existing system.
█ FEATURES
Inputs:
stopLossMultiplier and takeProfitMultiplier : These are input parameters that allow the user to adjust the multiplier for calculating stop loss and take profit levels.
longIndicator : This input parameter determines whether the script is calculating levels for a long setup (buy) or a short setup (sell).
Variable Initialization:
Various variables are initialized to manage labels, lines, and calculated stop loss and take profit levels.
ATR (Average True Range) is calculated using a period of 14.
Calculation of Stop Loss and Take Profit:
Depending on the value of longIndicator stop loss and take profit levels are not calculated the same way.
For long setups, stop loss is calculated below the closing price and take profit above, while for short setups, it's the opposite.
The calculation involves multiplying the ATR value by the user-defined multipliers and adding or subtracting from the closing price accordingly.
Plotting Lines:
Lines representing the calculated stop loss, take profit, and entry price are plotted on the chart.
Displaying Labels:
Labels displaying the calculated stop loss, take profit, and entry price are shown on the chart alongside the respective lines.
Updating and Deleting Objects:
Existing lines and labels are updated or deleted to ensure only the most recent levels are displayed on the chart.
Final Output:
The script outputs visual representations of stop loss, take profit, and entry price levels on the chart, providing traders with guidance for risk management and profit-taking strategies based on the volatility of the market.
█ CONCLUSION
In summary, this Pine Script enhances trading strategies by calculating and illustrating stop loss and take profit levels based on the Average True Range indicator, offering traders a structured way to manage risk and profit potential.
█ THANKS
Special thanks to Cryptosnagger for taking the time to build this Pine Script and share it freely with the community.
Volatility ATR Support and Resistance Bands [Quantigenics]Volatility ATR Support and Resistance Bands
The “Volatility ATR Support and Resistance Bands” is a trend visualization tool that uses Average True Range (ATR) to create a dynamic channel around price action, adapting to changes in volatility and offering clear trend indicators. The band direction can indicate trend and the lines can indicate support and resistance levels.
The script works by calculating a series of moving averages from the highest and lowest prices, then applies an ATR-based multiplier to generate a set of bands. These bands expand and contract with the market’s volatility, providing a visual guide to the strength and potential direction of price movements.
How to Trade with Volatility ATR Band:
Identify Trend Direction: When the bands slope upwards, the market is trending upwards, which may be a good opportunity to consider a long position. When the bands slope downward, the market is trending downwards, which could be a sign to sell or short.
Volatility Awareness: The wider the bands, the higher the market volatility. Narrow bands suggest a quieter market, which might indicate consolidation or a potential breakout/breakdown.
Confirm Entries and Exits: Use the bands as dynamic support and resistance; entering trades as the price bounces off the bands and considering exits as it reaches the opposite side or breaches the bands.
Hope you enjoy this script!
Happy trading!
Daily Chart ATR & Movement %This Pine Script, titled "Daily ATR & Movement %," is designed for traders looking to gauge volatility and price movements relative to that volatility directly on their trading chart. The script calculates and displays the Average True Range (ATR) over a 14-day period using daily data, alongside the percentage movement of the current price from the previous day's close, scaled by the ATR. These metrics provide a snapshot of daily volatility and the magnitude of price movements within that context, which can be crucial for making informed trading decisions, especially in markets where volatility is a significant factor.
Key Features:
Daily ATR Calculation: Utilizes the ta.atr(14) function to compute the Average True Range on a daily basis, which measures market volatility by decomposing the entire range of asset prices for that day.
Movement Percentage: The script calculates the movement from yesterday’s closing price to today’s current price as a percentage of the daily ATR. This shows how significant today's price change is relative to the typical daily volatility, which helps in understanding whether the price movement is substantial or trivial.
Customizable Label Display: Traders can customize the display through a user input dropdown menu for label size ("small", "normal", "large", "huge") and a slider for vertical offset. This allows for better visibility and customization based on user preference and screen setup.
Dynamic Label Updates: A label is dynamically updated each bar with the latest ATR value and movement percentage. This ongoing update keeps traders informed in real-time without manual recalculations.
How to Use:
Setup: Apply the indicator to any chart.
Customization: Adjust the label size and vertical position to suit your viewing preference using the script’s input options.
Interpretation: Monitor the displayed ATR value and movement percentage to assess volatility and relative price movements. High percentages could indicate significant moves worth trading, while low percentages suggest minor changes.
This script is particularly useful for traders who rely on volatility-based trading strategies, such as breakout trading, where understanding the context of price movements relative to typical market fluctuations can provide a strategic edge.
ATR Stop Loss Zones [ziksfx]The indicator is a dynamic tool that helps traders identify potential stop-loss levels in trending markets. It calculates the Average True Range (ATR) and uses it to create upper and lower boxes around the closing price. These boxes visually represent potential stop-loss zones for long and short positions.
Originality and Usefulness:
This indicator stands out for its unique ability to dynamically adjust stop-loss zones based on market volatility using the ATR approach. This provides traders with a flexible and adaptable risk management tool that adapts to changing market conditions. By visually representing potential stop-loss levels, taking into account the inherent uncertainty of market movements, the indicator empowers traders to make informed decisions about placing stop loses ONLY in trend markets. This allows them to maximize profit potential while minimizing potential downside risk.
Functionality:
Calculates the ATR based on the closing price.
Creates upper and lower of box by adding and subtracting the ATR multiplied by a predefined multiplier (1.5) to the closing price, then generates dynamic boxes based on the upper and lower ATR values.
Indicator allows traders to choose to display boxes for long, short, or both positions simultaneously.
Enables customization of box colors to suit individual preferences and trading styles.
Can be used as a dynamic trailing stop-loss mechanism.
Long box: Enable or disable the display of box for long positions.
Short box: Enable or disable the display of box for short positions.
Color Long Box: Set the color of the box for long positions.
Color Short Box: Set the color of the box for short positions.
Disclaimer:
This information is for educational purposes only and should not be considered financial advice. Remember that trading involves risk, and you could lose money. Always do your own research and consult with a financial professional before making any investment decisions.
Long Bar Highlighter @shrilssThe Long Bar Highlighter is designed to detect long bars that exhibit significant price expansion beyond recent price levels. It highlights bars that exceed the length of the previous four bars, marking them for their potential importance in market movements. Additionally, the indicator plots directional shapes based on the closing prices, which helps traders visualize potential upward or downward momentum. An optional ATR crossover setting refines these signals, focusing on stronger trends for more optimal trading opportunities.
Best Average Candle SizeThis indicator, named "Best Average Candle Size with Dynamic Midline" (BACS), is designed to provide insights into the average candle size of a financial instrument along with a dynamically adjusting midline. Here's a brief description of its components and functionality:
1. **Average Candle Size**: The indicator calculates the average size of candles over a specified period, which is the absolute difference between the open and close prices. This average candle size is plotted on the chart, helping traders understand the typical price movement within each candle.
2. **Dynamic Midline**: In addition to the average candle size, the indicator computes a dynamic midline. This midline is determined by calculating the moving average of the average candle size over another specified period. The dynamic midline adapts to changes in the average candle size, providing a reference point for assessing deviations from the average.
3. **Volatility Analysis**: The indicator incorporates the Average True Range (ATR) to assess volatility. ATR is plotted alongside the average candle size and the dynamic midline. Traders can compare the average candle size to the ATR to gauge volatility levels. Higher average candle sizes relative to ATR may indicate periods of heightened volatility.
4. **Trend Strength Analysis**: The indicator also evaluates trend strength by comparing the average candle size to its dynamic midline. When the average candle size is above the dynamic midline, it suggests potential trend strength. Traders can use this comparison to assess the strength of price movements and identify potential trend reversal points.
5. **Visualization and Highlighting**: The indicator provides visual representations of the average candle size, dynamic midline, and ATR on the price chart. It also highlights conditions of interest, such as periods of high volatility or strong trend strength, using customizable background colours.
Overall, the "Best Average Candle Size with Dynamic Midline" indicator offers traders a comprehensive view of average candle size dynamics, volatility, and trend strength, aiding in their technical analysis and decision-making processes.
TrendVista Swing IndicatorOverview
The swing indicator is designed to offer traders a comprehensive analysis of market trends and volatility by integrating Bollinger Bands and the Average True Range (ATR). It aids in the visualization of price movements and volatility across multiple time frames, thereby providing insights into potential buy and sell opportunities.
Key Features
- Multitimeframe Analysis : By default, the indicator examines the market across the following time frames: 1 Day (1D), 4 Hours (4H), 1 Hour (1H), and 15 Minutes (15min). Users have the flexibility to modify these time frames to suit their trading strategy by adjusting the indicator's settings.
- Buy and Sell Timings : The indicator identifies optimal buy signals when the price drops below the lower Bollinger Band and subsequently re-enters the band's range. Additionally, a buy signal is generated during high volatility periods—signified by the ATR exceeding its 10-day average—helping traders spot potential liquidation points. Sell signals are tailored for traders looking to exit long positions rather than for initiating short positions.
- Bollinger Bands Phases : The indicator categorizes the market condition into three phases based on Bollinger Bands movement:
- Neutral Phase : When the closing price is within the Bollinger Bands' upper and lower limits.
- Bullish Phase : Signaled by the price closing above the upper Bollinger Band, suggesting an upward trend until the price closes below the middle band.
- Bearish Phase : Initiated when the price closes below the lower Bollinger Band, indicating a downtrend until the price closes above the middle band.
Users can opt to exclude the neutral phase from the analysis through the indicator's settings for a more focused view on bullish or bearish trends.
Indicator Customization
The swing indicator is versatile, allowing users to customize the time frames and phase visibility according to their preferences. This feature ensures that traders can tailor the indicator to match their specific analysis needs and trading strategies.
Considerations
- The signals provided by the swing indicator are not symmetrically designed for both buy and sell actions. The indicator primarily optimizes for identifying long positions, particularly in bull markets. The sell signals are intended for exiting existing long positions rather than for short selling.
Range Finder [UAlgo]🔶 Description:
The "Range Finder " indicator aims at identifying and visualizing price ranges within a specified number of candles. By utilizing the Average True Range (ATR) indicator and Simple Moving Average (SMA), it detects potential breakout conditions and tracks consecutive candles that remain within the breakout range. This indicator offers flexibility by allowing users to customize settings such as range length, method for determining range breaks (based on either candle close or wick), and visualization options for displaying range breaks on the chart.
🔶 Key Features
Identifying Ranges: The Range Finder automatically adapts to the market by continuously evaluating the Average True Range (ATR) and its Simple Moving Average (SMA). This helps in dynamically adjusting the range based on market volatility.
Range Length: Users can specify the number of candles to be used for constructing the range via the "Range Length" input setting. This allows for customization based on trading strategies and preferences.
Range Break Method: The indicator offers the flexibility to choose between two methods for identifying range breaks. Users can select between "Close" or "Wick" based on their preference for using the closing price or the highs and lows (including wicks) of candles for defining the breakout.
Show Range Breaks: This option enables visual representation of range breaks on the chart. When activated, labels with the letter "B" will appear at the breakout point, colored according to the breakout direction (upward breakouts in the chosen up range color and downward breakouts in the chosen down range color).
Range Color Customization: The indicator provides the ability to personalize the visual appearance of the range by selecting preferred colors for ranges indicating potential upward and downward breakouts.
🔶 Disclaimer
It's important to understand that the Range Finder indicator is intended for informational purposes only and should not be solely relied upon for making trading decisions. Trading financial instruments involves inherent risks, and past performance is not necessarily indicative of future results.
