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ATR in %Muh indicator :) Simple but so useful little script. I work in percents because this is what makes sense not "pips" and "ticks" my account grows or diminishes a certain percentage I risk "1%" for example not ticks, ticks is what bad dogs have. Was tired of calculating manually every time. Makes it easier to set stop losses, get an idea of what to expect, risk in a kind of worse case scneario, backtest strategies, compare charts etc quickly. More quick now. Example. Bitcoin and NatGas, you do NOT need leverage... optionsellers.com that somehow got surprised by Natgas volatility and squeezed, I think he did not bother doing this... Happens all the time on NatGas, that "short seller catastrophy" that made the headlines was not even that big of a spike... Plenty of way worse ones not long ago
Pine Scriptยฎ indicator
by MrRenev
1
Average True Range Trailing Mean [Alifer]Upgrade of the Average True Range default indicator by TradingView. It adds and plots a trailing mean to show periods of increased volatility more clearly. ATR TRAILING MEAN A trailing mean, also known as a moving average, is a statistical calculation used to smooth out data over time and identify trends or patterns in a time series. In our indicator, it clearly shows when the ATR value spikes outside of it's average range, making it easier to identify periods of increased volatility. Here's how the ATR Trailing Mean (atr_mean) is calculated: atr_mean = ta.cum(atr) / (bar_index + 1) * atr_mult The ta.cum() function calculates the cumulative sum of the ATR over all bars up to the current bar. (bar_index + 1) represents the number of bars processed up to the current bar, including the current one. By dividing the cumulative ATR ta.cum(atr) by (bar_index + 1) and then multiplying it by atr_mult (Multiplier), we obtain the ATR Trailing Mean value. If atr_mult is set to 1.0, the ATR Trailing Mean will be equal to the simple average of the ATR values, and it will follow the ATR's general trend. However, if atr_mult is increased, the ATR Trailing Mean will react more strongly to the ATR's recent changes, making it more sensitive to short-term fluctuations. On the other hand, reducing atr_mult will make the ATR Trailing Mean less responsive to recent changes in ATR, making it smoother and less prone to reacting to short-term volatility. In summary, adjusting the atr_mult input allows traders to fine-tune the ATR Trailing Mean's responsiveness based on their preferred level of sensitivity to recent changes in market volatility. IMPLEMENTATION IN A STRATEGY You can easily implement this indicator in an existing strategy, to only enter positions when the ATR is above the ATR Trailing Mean (with Multiplier-adjusted sensitivity). To do so, add the following lines of codes. Under Inputs: length = input.int(title="Length", defval=20, minval=1) atr_mult = input.float(defval=1.0, step = 0.1, title = "Multiplier", tooltip = "Adjust the sensitivity of the ATR Trailing Mean line.") smoothing = input.string(title="Smoothing", defval="RMA", options= ) ma_function(source, length) => switch smoothing "RMA" => ta.rma(source, length) "SMA" => ta.sma(source, length) "EMA" => ta.ema(source, length) => ta.wma(source, length) This will allow you to define the Length of the ATR (lookback length over which the ATR is calculated), the Multiplier to adjust the Trailing Mean's sensitivity and the type of Smoothing to be used for the ATR. Under Calculations: atr= ma_function(ta.tr(true), length) atr_mean = ta.cum(atr) / (bar_index+1) * atr_mult This will calculate the ATR based on Length and Smoothing, and the resulting ATR Trailing Mean. Under Entry Conditions, add the following to your existing conditions: and atr > atr_mean This will make it so that entries are only triggered when the ATR is above the ATR Trailing Mean (adjusted by the Multiplier value you defined earlier). ATR - DEFINITION AND HISTORY The Average True Range (ATR) is a technical indicator used to measure market volatility, regardless of the direction of the price. It was developed by J. Welles Wilder and introduced in his book "New Concepts in Technical Trading Systems" in 1978. ATR provides valuable insights into the degree of price movement or volatility experienced by a financial asset, such as a stock, currency pair, commodity, or cryptocurrency, over a specific period. ATR - CALCULATION AND USAGE The ATR calculation involves three components: 1 โ€” True Range (TR): The True Range is a measure of the asset's price movement for a given period. It takes into account the following factors: The difference between the high and low prices of the current period. The absolute value of the difference between the high price of the current period and the closing price of the previous period. The absolute value of the difference between the low price of the current period and the closing price of the previous period. Mathematically, the True Range (TR) for the current period is calculated as follows: TR = max(high - low, abs(high - previous_close), abs(low - previous_close)) 2 โ€” ATR Calculation: The ATR is calculated as a Moving Average (MA) of the True Range over a specified period. The ATR is calculated as follows: ATR = MA(TR, length) 3 โ€” ATR Interpretation: The ATR value represents the average volatility of the asset over the chosen period. Higher ATR values indicate higher volatility, while lower ATR values suggest lower volatility. Traders and investors can use ATR in various ways: Setting Stop Loss and Take Profit Levels: ATR can help determine appropriate stop-loss and take-profit levels in trading strategies. A larger ATR value might require wider stop-loss levels to allow for the asset's natural price fluctuations, while a smaller ATR value might allow for tighter stop-loss levels. Identifying Market Volatility: A sharp increase in ATR might indicate heightened market uncertainty or the potential for significant price movements. Conversely, a decreasing ATR might suggest a period of low volatility and possible consolidation. Comparing Volatility Between Assets: Since ATR uses absolute values, it shouldn't be used to compare volatility between different assets, as assets with higher prices will consistently have higher ATR values, while assets with lower prices will consistently have lower ATR values. However, the addition of a trailing mean makes such a comparison possible. An asset whose ATR is consistently close to its ATR Trailing Mean will have a lower volatility than an asset whose ATR continuously moves far above and below its ATR Trailing Mean. This can help traders and investors decide which markets to trade based on their risk tolerance and trading strategies. Determining Position Size: ATR can be used to adjust position sizes, taking into account the asset's volatility. Smaller position sizes might be appropriate for more volatile assets to manage risk effectively.
Pine Scriptยฎ indicator
by AliferCrypto
1
Volatility Regimes | GainzAlgo๐Ÿ“Š OVERVIEW: ========= This is a comprehensive ATR-based trading system designed for professional traders who need advanced volatility analysis, precise trade management, and intelligent market regime detection. The indicator combines multiple proven volatility concepts into one powerful, customizable tool. โญ WHY THIS SYSTEM IS UNIQUE AND WORTHY OF PUBLICATION: ==================================================== This is not simply a collection of ATR-based indicators placed together. It represents a unified volatility analysis framework where each component is specifically designed to work in concert with the others, creating a complete trading workflow that cannot be replicated by using multiple separate indicators. ๐Ÿ”— SYNERGISTIC INTEGRATION - How Components Work Together: ๐Ÿง  1. CONTEXT-AWARE ANALYSIS The Volatility Regime Detection acts as the "brain" of the system, classifying market conditions into 4 distinct phases. Every other component then adapts its behavior based on this regime classification: - ATR Bands expand/contract with regime changes - Stop Loss distances automatically adjust (tighter in compression, wider in high volatility) - Take Profit targets scale proportionally to current regime - Signal sensitivity filters itself based on market phase ๐Ÿ“ 2. UNIFIED VOLATILITY FOUNDATION All calculations share a single ATR baseline calculation, ensuring internal consistency across the entire system. When ATR changes, every element updates in perfect synchronization: - Bands recalculate from the same ATR value - Risk management levels use the same volatility measurement - Regime classification and signals reference identical data ๐Ÿ›ก๏ธ 3. INTEGRATED RISK MANAGEMENT The system doesn't just show WHERE to enter - it calculates HOW MUCH to risk: - Dynamic Stop Loss adapts to current ATR automatically - Position Size Calculator uses the dynamic stop to compute exact quantities - Take Profit levels scale proportionally, maintaining optimal risk:reward โœ… 4. TWO-STAGE SIGNAL CONFIRMATION The alert system creates a logical progression: Step 1: Volatility Breakout โ†’ Market energy is building Step 2: Trend Confirmation โ†’ Direction confirmed with volatility support This prevents false breakouts by requiring both volatility AND direction. ๐Ÿฆ 5. PROFESSIONAL WORKFLOW INTEGRATION The system mirrors how institutional traders analyze markets: Phase 1: Assess regime โ†’ What's the market doing? Phase 2: Identify setup โ†’ Where's the opportunity? Phase 3: Calculate risk โ†’ What's my exposure? Phase 4: Set targets โ†’ Where do I take profit? Phase 5: Monitor regime โ†’ When do conditions change? โŒ WHY NOT USE SEPARATE INDICATORS? - Separate ATR Bands: Don't know about regime changes, remain static - Separate Regime Indicator: Doesn't automatically adjust stop/targets - Separate Position Calculator: Doesn't know your actual ATR-based stop - Manual Integration: Requires constant mental calculation and cross-referencing ๐Ÿงฎ DETAILED CALCULATION METHODOLOGY: ================================= ๐Ÿ“ ATR (AVERAGE TRUE RANGE) CALCULATION: - True Range = Maximum of: 1. Current High - Current Low 2. Absolute value of (Current High - Previous Close) 3. Absolute value of (Current Low - Previous Close) - ATR = Simple Moving Average of True Range over specified period (default: 14) ๐Ÿ“Š DYNAMIC ATR BANDS: - Upper Band = Current Close + (ATR ร— Band Multiplier) - Lower Band = Current Close - (ATR ร— Band Multiplier) - Band 1: 1.0ร— ATR (closest support/resistance) - Band 2: 2.0ร— ATR (intermediate zone) - Band 3: 3.0ร— ATR (extended zone) ๐ŸŒก๏ธ VOLATILITY REGIME CLASSIFICATION: Step 1: Calculate ATR Baseline - Baseline ATR = SMA or EMA of ATR over long period (default: 50 bars) - This represents "normal" volatility for the instrument Step 2: Calculate ATR Ratio - ATR Ratio = Current ATR รท Baseline ATR - Example: If current ATR = 70 and baseline = 50, ratio = 1.40 Step 3: Classify Regime Based on Ratio - COMPRESSION: Ratio < 0.70 (ATR is 30% below normal) Market consolidating, volatility contracting, energy building - EXPANSION: Ratio between 1.15 and 1.40 (ATR is 15-40% above normal) Volatility breaking out, early phase of directional movement - HIGH VOLATILITY: Ratio > 1.40 (ATR is 40%+ above normal) Strong sustained trend with high participation - EXHAUSTION: ATR declining after high volatility period Requires: Previous high ratio + declining ATR over X bars (default: 5) Trend maturity, potential reversal or consolidation approaching ๐Ÿ›‘ DYNAMIC STOP LOSS CALCULATION: - For Long Positions: Stop Loss = Entry Price - (ATR ร— SL Multiplier) - For Short Positions: Stop Loss = Entry Price + (ATR ร— SL Multiplier) - Default Multiplier: 2.0ร— ATR - Adjusts automatically: Wider in high volatility, tighter in compression ๐ŸŽฏ TAKE PROFIT LEVELS: - TP1 = Entry Price ยฑ (ATR ร— TP1 Multiplier) - TP2 = Entry Price ยฑ (ATR ร— TP2 Multiplier) - TP3 = Entry Price ยฑ (ATR ร— TP3 Multiplier) - Direction (+ or -) depends on trade direction ๐Ÿ“ฆ POSITION SIZE CALCULATION: Formula: Position Size = Account Risk Amount รท Stop Loss Distance Step-by-step: 1. Risk Amount = Account Size ร— (Risk Percentage รท 100) 2. Stop Distance = |Entry Price - Stop Loss Price| 3. Position Size = Risk Amount รท Stop Distance ๐Ÿ“ˆ ATR PERCENTILE RANKING: - >80% = Extremely high volatility - 20-80% = Normal volatility range - <20% = Extremely low volatility ๐ŸŒ€ VOLATILITY CONTRACTION PATTERN: Detects extended low-volatility periods indicating imminent breakout. ๐Ÿงญ TREND DETECTION SIGNALS: Bullish: Price > MA AND Current ATR > ATR MA Bearish: Price < MA AND Current ATR > ATR MA โšก VOLATILITY BREAKOUT SIGNALS: Triggered when ATR exceeds its moving average by a defined threshold. ๐Ÿงฉ CORE FEATURES: ============== 1. ATR BANDS (Dynamic Support/Resistance) 2. VOLATILITY REGIME DETECTION 3. DYNAMIC STOP LOSS SYSTEM 4. MULTIPLE TAKE PROFIT LEVELS 5. SUPPORT & RESISTANCE LEVELS 6. RISK MANAGEMENT CALCULATOR 7. ATR PERCENTILE RANKING 8. VOLATILITY CONTRACTION PATTERN 9. TREND DETECTION SIGNALS 10. VOLATILITY BREAKOUT SIGNALS โš™๏ธ RECOMMENDED SETTINGS BY TRADING STYLE: ====================================== DAY TRADING โ€ข SWING TRADING โ€ข POSITION TRADING โ€ข SCALPING ๐Ÿ“˜ HOW TO USE THIS INDICATOR: ========================== STEP 1: Identify Market Regime STEP 2: Wait for Entry Signal STEP 3: Set Stop Loss STEP 4: Set Take Profits STEP 5: Position Sizing STEP 6: Monitor & Manage ๐Ÿ”” ALERT SYSTEM: ============= Alerts for volatility breakouts, trend changes, regime transitions, ATR band crossings, contraction completion, and percentile extremes. ๐ŸŽจ CUSTOMIZATION: ============== All visuals, thresholds, multipliers, colors, alerts, and risk parameters can be fully customized. โš ๏ธ IMPORTANT DISCLAIMER: ===================== This indicator is a volatility analysis tool and does NOT provide financial advice. Past performance does not guarantee future results. All trading involves substantial risk. All trading decisions are the sole responsibility of the user.
Pine Scriptยฎ indicator
by GainzAlgo
103
Adaptive ATR Limitsโ–ˆโ€ƒOVERVIEW This indicator plots adaptive ATR limits for intraday trading. A key feature of this indicator, which makes it different from other ATR limit indicators, is that the top and bottom ATR limit lines are always exactly one ATR apart from each other (in "auto" mode; there is also a "basic" mode, which plots the limits in the more traditional wayโ€”i.e., one ATR above the low and one ATR below the high at all timesโ€”and this can be used for comparison). โ–ˆโ€ƒFEATURES Provides an algorithm to plot the most reasonable intraday ATR top/bottom limits based on currently available information Dynamically adapts limits as the price evolves during the day Works correctly and consistently on both RTH and ETH charts Has a user-selected ADR mode to base the limits on ADR instead of ATR Option to include the current pre-market and previous day's post-market range in the calculation Configurable ATR/ADR averaging length Provides a visual smoothing option Provides an information box showing the current numerical ATR/ADR values Reasonable defaults that work well if the user changes nothing Well-documented, high-quality, open-source code for those interested โ–ˆโ€ƒHOW TO USE At a minimum, there is nothing that needs to be set. The defaults work well. The ATR top line (red, configurable) gives you the most reasonable move given the currently available information. The line will move away from the price as the price approaches it; that is normalโ€”it is reacting to new information. This happens until the ATR bottom limit hits the lower of the daily low and the previous day's close (in ATR mode). The ATR bottom line (green, configurable) works the same way, with reversed logic. There is an option to use ADR instead of ATR. The ATR includes the previous day's RTH close in the range, whereas ADR does not. Another option allows the user to add the current day's pre-market range or the previous day's post-market into the current day's range, which has an effect if either of those went outside of today's RTH range, plus yesterday's RTH close (in the default ATR mode). Pre-market and post-market range is not typically included in the daily true range, so only change it if you really know you want it. โ–ˆโ€ƒCONCEPTS Most traditional ATR limit indicators plot the top ATR limit one ATR above the current daily low, and the bottom ATR limit one ATR below the current daily high. This indicator can also do that (in "basic" mode), but its value lies in its default "auto" mode, which uses an algorithm to dynamically adapt the ATR limits throughout the day, keeping them one ATR apart at all times. It tries to plot the most sensible ATR limits based on the current daily ATR, in order to provide a reasonable visual intraday target, given the available information at that point in time. "Auto" mode is actually a weighted average of two methods: midpoint and relative (both of which can also be explicitly selected). The midpoint method places the midpoint of the ATR limit equal to the midpoint of the currently established daily range. The relative method measures the currently established daily range and calculates the position of the current price within it (as a ratio between 0 and 1). It then uses that value as a weight in a weighted average of extreme locations for the ATR limits, which are: the ATR top anchored to one ATR above the daily low, and the ATR bottom anchored to one ATR below the daily high. The relative method is more advanced and better for most of the day; however, it can cause wild swings in the early market or pre-market before a reasonable range (as a percentage of ATR) has been established. "Auto" mode therefore takes another weighted average between the two methods, with the weight determined by the percentage of the ATR currently established within the day, more strongly weighting the calmer midpoint method before a good range is established. Once the full ATR has been achieved, the algorithm in "auto" mode will have fully switched to the relative method and will remain with that method for the rest of the day. To explain the effect further, as an example, imagine that the price is approaching the full ATR range on the high side. At this point, the indicator will have almost fully transitioned to the second (relative) method. The lower ATR limit will now be anchored to the daily low as the price hits the upper ATR limit. If the price goes beyond the upper ATR, the lower ATR limit will stay anchored to the daily low, and the upper limit will stay anchored to one ATR above the lower limit. This allows you to see how far the price is going beyond the upper ATR limit. If the price then returns and backs off the upper ATR limit, the lower ATR limit will un-anchor from the daily low (it will actually rise, since the daily ATR range has been exceeded, so the lower ATR limit needs to come up because the actual daily range canโ€™t fit into the ATR range anymore). The overall effect is to give you the best visual indication of where the price is in relation to a possible upper ATR-based target. Reverse this example for when the price low approaches the ATR range on the low side. Care was taken so that the code uses no hard-coded time zones, exchanges, or session times. For this reason, it can in principle work globally. However, it very much depends on the information provided by the exchange, which is reflected in built-in Pine Script variables (see Limitations below). โ–ˆโ€ƒLIMITATIONS The indicator was developed for US/European equities and is tested on them only. It is also known to work on US futures; in this case, the whole 23-hour session is used, and the "Sessions to include in range" setting has no effect. It may or may not work as intended on security types and equities/futures for other countries.
Pine Scriptยฎ indicator
by BruzX
5
Combined ATR + VolumeOverview The Combined ATR + Volume indicator (C-ATR+Vol) is designed to measure both price volatility and market participation by merging the Average True Range (ATR) and trading volume into a single normalized value. This provides traders with a more comprehensive tool than ATR alone, as it highlights not only how much price is moving, but also whether there is sufficient volume behind those moves. Originality & Utility Two Key Components ATR (Average True Range): Measures price volatility by analyzing the range (highโ€“low) over a specified period. A higher ATR often indicates larger price swings. Volume: Reflects how actively traders are participating in the market. High volume typically indicates strong buying or selling interest. Normalized Combination Both ATR and volume are independently normalized to a 0โ€“100 range. The final output (C-ATR+Vol) is the average of these two normalized values. This makes it easy to see when both volatility and market participation are relatively high. Practical Use Above 80: Signifies elevated volatility and strong volume. Markets may experience significant moves. Around 50โ€“80: Indicates moderate activity. Price swings and volume are neither extreme nor minimal. Below 50: Suggests relatively low volatility and lower participation. The market may be ranging or consolidating. This combined approach can help filter out situations where volatility is high but volume is absentโ€”or vice versaโ€”providing a more reliable context for potential breakouts or trend continuations. Indicator Logic ATR Calculation Uses Pine Scriptโ€™s built-in ta.tr(true) function to measure true range, then smooths it with a user-selected method (RMA, SMA, EMA, or WMA). Key Input: ATR Length (default 14). Volume Calculation Smooths the built-in volume variable using the same selectable smoothing methods. Key Input: Volume Length (default 14). Normalization For each metric (ATR and Volume), the script finds the lowest and highest values over the lookback period and converts them into a 0โ€“100 scale: normalizedย value =(currentย valueโˆ’min)(maxโˆ’min)ร—100 normalizedย value= (maxโˆ’min)(currentย valueโˆ’min) ร—100 Combined Score The final plot is the average of Normalized ATR and Normalized Volume. This single value simplifies the process of identifying high-volatility, high-volume conditions. How to Use Setup Add the indicator to your chart. Adjust ATR Length, Volume Length, and Smoothing to match your preferred time horizon or chart style. Interpretation High Values (above 80): The market is experiencing significant price movement with high participation. Potential for strong trends or breakouts. Moderate Range (50โ€“80): Conditions are active but not extreme. Trend setups may be forming. Low Values (below 50): Indicates quieter markets with reduced liquidity. Expect ranging or less decisive moves. Strategy Integration Use C-ATR+Vol alongside other trend or momentum indicators (e.g., Moving Averages, RSI, MACD) to confirm potential entries/exits. Combine it with support/resistance or price action analysis for a broader market view. Important Notes This script is open-source and intended as a community contribution. No Future Guarantee: Past market behavior does not guarantee future results. Always use proper risk management and validate signals with additional tools. The indicatorโ€™s performance may vary depending on timeframes, asset classes, and market conditions. Adjust inputs as needed to suit different instruments or personal trading styles. By adhering to TradingViewโ€™s publishing rules, this script is provided with sufficient detail on what it does, how itโ€™s unique, and how traders can use it. Feel free to customize the settings and experiment with other technical indicators to develop a trading methodology that fits your objectives. ๐Ÿ”น Combined ATR + Volume (C-ATR+Vol) ์ง€ํ‘œ ์„ค๋ช… ์ด ์ธ๋””์ผ€์ดํ„ฐ๋Š” ATR(Average True Range)์™€ ๊ฑฐ๋ž˜๋Ÿ‰(Volume)์„ ๊ฒฐํ•ฉํ•˜์—ฌ ์‹œ์žฅ์˜ ๋ณ€๋™์„ฑ๊ณผ ์œ ๋™์„ฑ์„ ๋™์‹œ์— ์ธก์ •ํ•˜๋Š” ์ง€ํ‘œ์ž…๋‹ˆ๋‹ค. ATR์€ ๊ฐ€๊ฒฉ ๋ณ€๋™์„ฑ์˜ ํฌ๊ธฐ๋ฅผ ๋‚˜ํƒ€๋‚ด๋ฉฐ, ๊ฑฐ๋ž˜๋Ÿ‰์€ ์‹œ์žฅ ์ฐธ์—ฌ์ž์˜ ํ™œ๋™ ์ˆ˜์ค€์„ ๋ฐ˜์˜ํ•ฉ๋‹ˆ๋‹ค. ๋ณดํ†ต ๋†’์€ ATR์€ ๊ฐ€๊ฒฉ ๋ณ€๋™์ด ํฌ๋‹ค๋Š” ์˜๋ฏธ์ด๊ณ , ๋†’์€ ๊ฑฐ๋ž˜๋Ÿ‰์€ ์‹œ์žฅ์—์„œ ์ ๊ทน์ ์ธ ๊ฑฐ๋ž˜๊ฐ€ ์ด๋ฃจ์–ด์ง€๊ณ  ์žˆ์Œ์„ ๋‚˜ํƒ€๋ƒ…๋‹ˆ๋‹ค. ์ด ๋‘ ์ง€ํ‘œ๋ฅผ ๊ฐ๊ฐ 0~100 ๋ฒ”์œ„๋กœ ์ •๊ทœํ™”ํ•œ ํ›„, ํ‰๊ท ์„ ๊ตฌํ•˜์—ฌ "Combined ATR + Volume (C-ATR+Vol)" ๊ฐ’์„ ๊ณ„์‚ฐํ•ฉ๋‹ˆ๋‹ค. ์ด๋ฅผ ํ†ตํ•ด ๋‹จ์ˆœํ•œ ๊ฐ€๊ฒฉ ๋ณ€๋™์„ฑ๋ฟ๋งŒ ์•„๋‹ˆ๋ผ ๊ฑฐ๋ž˜๋Ÿ‰๊นŒ์ง€ ๊ณ ๋ คํ•˜์—ฌ, ๋”์šฑ ์‹ ๋ขฐ์„ฑ ์žˆ๋Š” ๋ณ€๋™์„ฑ ํŒ๋‹จ์„ ํ•  ์ˆ˜ ์žˆ๋„๋ก ๋„์™€์ค๋‹ˆ๋‹ค. ๐Ÿ“Œ ํ•ต์‹ฌ ๊ฐœ๋… 1๏ธโƒฃ ATR (Average True Range)๋ž€? ์‹œ์žฅ์˜ ๋ณ€๋™์„ฑ์„ ์ธก์ •ํ•˜๋Š” ์ง€ํ‘œ๋กœ, ์ผ์ • ๊ธฐ๊ฐ„ ๋™์•ˆ์˜ ๊ณ ์ -์ €์  ๋ณ€๋™ํญ์„ ๊ธฐ๋ฐ˜์œผ๋กœ ๊ณ„์‚ฐ๋ฉ๋‹ˆ๋‹ค. ATR์ด ๋†’์„์ˆ˜๋ก ๊ฐ€๊ฒฉ ๋ณ€๋™์ด ํฌ๋ฉฐ, ๋‚ฎ์„์ˆ˜๋ก ํšก๋ณด์žฅ์ด ์ง€์†๋  ๊ฐ€๋Šฅ์„ฑ์ด ํฝ๋‹ˆ๋‹ค. ํ•˜์ง€๋งŒ ATR์€ ๋ฐฉํ–ฅ์„ฑ์„ ์ œ๊ณตํ•˜์ง€ ์•Š์œผ๋ฉฐ, ๋‹จ์ˆœํžˆ ๋ณ€๋™์„ฑ์˜ ํฌ๊ธฐ๋งŒ์„ ๋‚˜ํƒ€๋ƒ…๋‹ˆ๋‹ค. 2๏ธโƒฃ ๊ฑฐ๋ž˜๋Ÿ‰ (Volume)์˜ ์—ญํ•  ๊ฑฐ๋ž˜๋Ÿ‰์€ ์‹œ์žฅ ์ฐธ์—ฌ์ž์˜ ๊ด€์‹ฌ๊ณผ ์œ ๋™์„ฑ์„ ๋ฐ˜์˜ํ•˜๋Š” ์ค‘์š”ํ•œ ์š”์†Œ์ž…๋‹ˆ๋‹ค. ๋†’์€ ๊ฑฐ๋ž˜๋Ÿ‰์€ ๊ฐ•ํ•œ ๋งค์ˆ˜ ๋˜๋Š” ๋งค๋„์„ธ๊ฐ€ ์กด์žฌํ•จ์„ ์˜๋ฏธํ•˜๋ฉฐ, ๋‚ฎ์€ ๊ฑฐ๋ž˜๋Ÿ‰์€ ์‹œ์žฅ ์ฐธ์—ฌ๊ฐ€ ์ ๊ฑฐ๋‚˜ ๊ด€์‹ฌ์ด ์ค„์–ด๋“ค์—ˆ์Œ์„ ๋‚˜ํƒ€๋ƒ…๋‹ˆ๋‹ค. 3๏ธโƒฃ ATR + ๊ฑฐ๋ž˜๋Ÿ‰์˜ ๊ฒฐํ•ฉ (C-ATR+Vol) ๋‹จ์ˆœํ•œ ATR ๊ฐ’๋งŒ์œผ๋กœ๋Š” ๋ณ€๋™์„ฑ์ด ์ปค๋„ ๊ฑฐ๋ž˜๋Ÿ‰์ด ๋ถ€์กฑํ•  ์ˆ˜ ์žˆ์œผ๋ฉฐ, ๋ฐ˜๋Œ€๋กœ ๊ฑฐ๋ž˜๋Ÿ‰์ด ๋งŽ์•„๋„ ๋ณ€๋™์„ฑ์ด ๋‚ฎ์„ ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค. ์ด๋ฅผ ํ•ด๊ฒฐํ•˜๊ธฐ ์œ„ํ•ด ATR๊ณผ ๊ฑฐ๋ž˜๋Ÿ‰์„ ๊ฐ๊ฐ 0~100์œผ๋กœ ์ •๊ทœํ™”ํ•˜์—ฌ ๊ท ํ˜• ์žกํžŒ ๋ณ€๋™์„ฑ ์ง€ํ‘œ๋ฅผ ๋งŒ๋“ค์—ˆ์Šต๋‹ˆ๋‹ค. ๋‘ ์ง€ํ‘œ์˜ ํ‰๊ท ๊ฐ’์„ ๊ณ„์‚ฐํ•˜์—ฌ, ๊ฐ€๊ฒฉ ๋ณ€๋™๊ณผ ๊ฑฐ๋ž˜๋Ÿ‰์ด ๋™์‹œ์— ๋†’์€์ง€๋ฅผ ์ธก์ •ํ•  ์ˆ˜ ์žˆ๋„๋ก ์„ค๊ณ„๋˜์—ˆ์Šต๋‹ˆ๋‹ค. ๐Ÿ“Š ์‚ฌ์šฉ๋ฒ• ๋ฐ ํ•ด์„ 80 ์ด์ƒ โ†’ ๊ฐ•ํ•œ ๋ณ€๋™์„ฑ ๊ตฌ๊ฐ„ ๊ฐ€๊ฒฉ ๋ณ€๋™์„ฑ์ด ํฌ๊ณ  ๊ฑฐ๋ž˜๋Ÿ‰๋„ ๋†’์€ ์ƒํƒœ ๊ฐ•ํ•œ ์ถ”์„ธ๊ฐ€ ์ง„ํ–‰ ์ค‘์ด๊ฑฐ๋‚˜ ํฐ ๋ณ€๋™์ด ์ผ์–ด๋‚  ๊ฐ€๋Šฅ์„ฑ์ด ํผ ์ƒ์Šน/ํ•˜๋ฝ ๋ฐฉํ–ฅ์„ฑ์„ ํ™•์ธํ•œ ํ›„ ํŠธ๋ Œ๋“œ๋ฅผ ๋”ฐ๋ผ๊ฐ€๋Š” ์ „๋žต์ด ์œ ๋ฆฌ 50~80 ๊ตฌ๊ฐ„ โ†’ ๋ณดํ†ต ์ˆ˜์ค€์˜ ๋ณ€๋™์„ฑ ๊ฐ€๊ฒฉ ์›€์ง์ž„์ด ์ผ์ •ํ•˜๋ฉฐ, ๊ฑฐ๋ž˜๋Ÿ‰๋„ ์ ์ ˆํ•œ ์ˆ˜์ค€ ์ ์ง„์ ์ธ ์ถ”์„ธ ํ˜•์„ฑ์ด ์ด๋ฃจ์–ด์งˆ ๊ฐ€๋Šฅ์„ฑ์ด ์žˆ์Œ ์‹œ์žฅ์ด ์ ์ง„์ ์œผ๋กœ ์ƒ์Šน ํ˜น์€ ํ•˜๋ฝํ•  ๊ฐ€๋Šฅ์„ฑ์ด ํฌ๋ฏ€๋กœ, ๋ณด์กฐ์ง€ํ‘œ๋ฅผ ํ™œ์šฉํ•˜์—ฌ ๋งค๋งค ํƒ€์ด๋ฐ์„ ๊ฒฐ์ •ํ•˜๋Š” ๊ฒƒ์ด ์ค‘์š” 50 ์ดํ•˜ โ†’ ๋‚ฎ์€ ๋ณ€๋™์„ฑ ๋ฐ ์œ ๋™์„ฑ ๋ถ€์กฑ ๊ฐ€๊ฒฉ ๋ณ€๋™์ด ์ ๊ณ , ๊ฑฐ๋ž˜๋Ÿ‰๋„ ๋‚ฎ์€ ์ƒํƒœ ์‹œ์žฅ์ด ํšก๋ณดํ•˜๊ฑฐ๋‚˜ ์กฐ์ • ๊ธฐ๊ฐ„์— ๋“ค์–ด๊ฐˆ ๊ฐ€๋Šฅ์„ฑ์ด ํผ ๋ฐ•์Šค๊ถŒ ๋งค๋งค(์ง€์ง€/์ €ํ•ญ ํ™œ์šฉ) ๋˜๋Š” ๋ŒํŒŒ ์ „๋žต์„ ๊ณ ๋ คํ•  ์ˆ˜ ์žˆ์Œ ๐Ÿ’ก ํ™œ์šฉ ๋ฐฉ๋ฒ• ๋ฐ ์ „๋žต โœ… 1. ํŠธ๋ Œ๋“œ ํŒ๋‹จ ๋ณด์กฐ์ง€ํ‘œ๋กœ ํ™œ์šฉ ๋‹จ๋…์œผ๋กœ ์‚ฌ์šฉํ•˜๋Š” ๊ฒƒ๋ณด๋‹ค๋Š” RSI, MACD, ์ด๋™ํ‰๊ท ์„ (MA) ๋“ฑ์˜ ์ง€ํ‘œ์™€ ํ•จ๊ป˜ ํ™œ์šฉํ•˜๋Š” ๊ฒƒ์ด ํšจ๊ณผ์ ์ž…๋‹ˆ๋‹ค. ์˜ˆ๋ฅผ ๋“ค์–ด, MACD๊ฐ€ ์ƒ์Šน ์‹ ํ˜ธ๋ฅผ ์ฃผ๊ณ , C-ATR+Vol ๊ฐ’์ด 80์„ ์ดˆ๊ณผํ•˜๋ฉด ๊ฐ•ํ•œ ์ƒ์Šน ์ถ”์„ธ๋กœ ํ•ด์„ํ•  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค. โœ… 2. ๋ณ€๋™์„ฑ ๋ŒํŒŒ ์ „๋žต์— ํ™œ์šฉ C-ATR+Vol์ด 80 ์ด์ƒ์ธ ๊ตฌ๊ฐ„์—์„œ ๊ฐ€๊ฒฉ์ด ํŠน์ • ์ €ํ•ญ์„ ์„ ๋ŒํŒŒํ•œ๋‹ค๋ฉด, ๊ฐ•ํ•œ ์ถ”์„ธ์˜ ์‹œ์ž‘์„ ์˜๋ฏธํ•  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค. ๋ฐ˜๋Œ€๋กœ, C-ATR+Vol์ด 50 ์ดํ•˜์—์„œ ๊ฐ€๊ฒฉ์ด ์ €ํ•ญ์„ ์— ๊ฐ€๊นŒ์›Œ์ง€๋ฉด ๋ŒํŒŒ ๊ฐ€๋Šฅ์„ฑ์ด ๋‚ฎ์•„์งˆ ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค. โœ… 3. ์‹œ์žฅ ์ฐธ์—ฌ๋„์™€ ๋ณ€๋™์„ฑ ํ™•์ธ ๋‹จ์ˆœํžˆ ATR๋งŒ ๋†’์•„์„œ๋Š” ์‹ ๋ขฐํ•˜๊ธฐ ์–ด๋ ค์šด ๊ฒฝ์šฐ๊ฐ€ ๋งŽ์Šต๋‹ˆ๋‹ค. ์˜ˆ๋ฅผ ๋“ค์–ด, ๊ธ‰๋“ฑ ํ›„ ๊ฑฐ๋ž˜๋Ÿ‰์ด ๊ธ‰๊ฐํ•˜๋ฉด ์ƒ์Šน ์ง€์† ๊ฐ€๋Šฅ์„ฑ์ด ๋‚ฎ์•„์งˆ ์ˆ˜๋„ ์žˆ์Šต๋‹ˆ๋‹ค. ํ•˜์ง€๋งŒ C-ATR+Vol์„ ์‚ฌ์šฉํ•˜๋ฉด ๊ฑฐ๋ž˜๋Ÿ‰์ด ํ•จ๊ป˜ ์ฆ๊ฐ€ํ•˜๋Š”์ง€๋ฅผ ํ™•์ธํ•˜์—ฌ ๋ณด๋‹ค ์‹ ๋ขฐํ•  ์ˆ˜ ์žˆ๋Š” ๋ถ„์„์ด ๊ฐ€๋Šฅํ•ฉ๋‹ˆ๋‹ค. ๐Ÿš€ ๊ฒฐ๋ก  ๐Ÿ”น Combined ATR + Volume (C-ATR+Vol) ์ธ๋””์ผ€์ดํ„ฐ๋Š” ๋‹จ์ˆœํ•œ ATR์ด ์•„๋‹ˆ๋ผ ๊ฑฐ๋ž˜๋Ÿ‰๊นŒ์ง€ ๊ณ ๋ คํ•˜์—ฌ ๋ณ€๋™์„ฑ์„ ์ธก์ •ํ•˜๋Š” ๊ฐ•๋ ฅํ•œ ๋„๊ตฌ์ž…๋‹ˆ๋‹ค. ๐Ÿ”น ์‹œ์žฅ์ด ํฐ ์›€์ง์ž„์„ ๋ณด์ผ ๊ฐ€๋Šฅ์„ฑ์ด ๋†’์€ ๊ตฌ๊ฐ„์„ ์ฐพ๋Š” ๋ฐ ์œ ์šฉํ•˜๋ฉฐ, 80 ์ด์ƒ์ผ ๊ฒฝ์šฐ ๊ฐ•ํ•œ ๋ณ€๋™์„ฑ์ด ์žˆ์Œ์„ ๋‚˜ํƒ€๋ƒ…๋‹ˆ๋‹ค. ๐Ÿ”น ๋‹จ๋…์œผ๋กœ ์‚ฌ์šฉํ•˜๊ธฐ๋ณด๋‹ค๋Š” ๋ณด์กฐ์ง€ํ‘œ์™€ ํ•จ๊ป˜ ํ™œ์šฉํ•˜์—ฌ, ํŠธ๋ Œ๋“œ ๋ถ„์„ ๋ฐ ๋ŒํŒŒ ์ „๋žต ๋“ฑ์— ํšจ๊ณผ์ ์œผ๋กœ ์ ์šฉํ•  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค. ๐Ÿ“Œ ์ฃผ์˜์‚ฌํ•ญ ๋ณ€๋™์„ฑ์ด ํฌ๋‹ค๊ณ  ํ•ด์„œ ๋ฐ˜๋“œ์‹œ ๊ฐ€๊ฒฉ์ด ๊ธ‰๋“ฑ/๊ธ‰๋ฝํ•œ๋‹ค๋Š” ๋ณด์žฅ์€ ์—†์Šต๋‹ˆ๋‹ค. ํŠน์ •ํ•œ ๋งค๋งค ์ „๋žต ์—†์ด ๋‹จ์ˆœํžˆ ์ด ์ง€ํ‘œ๋งŒ ๋ณด๊ณ  ๋งค์ˆ˜/๋งค๋„๋ฅผ ๊ฒฐ์ •ํ•˜๋Š” ๊ฒƒ์€ ์œ„ํ—˜ํ•  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค. ์‹œ์žฅ ์ƒํ™ฉ์— ๋”ฐ๋ผ ๋ณ€๋™์„ฑ์˜ ์˜๋ฏธ๊ฐ€ ๋‹ค๋ฅด๊ฒŒ ์ž‘์šฉํ•  ์ˆ˜ ์žˆ์œผ๋ฏ€๋กœ, ๋ฐ˜๋“œ์‹œ ๋‹ค๋ฅธ ๋ณด์กฐ์ง€ํ‘œ์™€ ํ•จ๊ป˜ ํ™œ์šฉํ•˜๋Š” ๊ฒƒ์ด ์ค‘์š”ํ•ฉ๋‹ˆ๋‹ค. ๐Ÿ”ฅ ์ด ์ง€ํ‘œ๋ฅผ ํ™œ์šฉํ•˜์—ฌ ์‹œ์žฅ์˜ ๋ณ€๋™์„ฑ๊ณผ ๊ฑฐ๋ž˜๋Ÿ‰์„ ๋ณด๋‹ค ํšจ๊ณผ์ ์œผ๋กœ ๋ถ„์„ํ•ด๋ณด์„ธ์š”! ๐Ÿš€
Pine Scriptยฎ indicator
by kdhchgo
1
Multitime ATR with ATR Heat Line# Multi-Timeframe ATR Supertrend with ATH Finder ## Overview This advanced Pine Script indicator combines multi-timeframe ATR-based Supertrend analysis with an All-Time High (ATH) tracking system. Designed for swing traders who need comprehensive trend analysis across multiple timeframes while monitoring key price levels. ## Key Features ### 1. Multi-Timeframe ATR Supertrend (1H, 4H, 1D) - **1 Hour Supertrend** (Blue): Short-term trend identification - **4 Hour Supertrend** (Purple): Medium-term trend confirmation - **1 Day Supertrend** (Green/Red): Primary trend direction - Each timeframe displays independent trend lines with customizable colors and visibility ### 2. Dual ATR Data System (1D Only) - **Previous Day ATR** (lookahead_off): Used for main ATR lines - enables pre-market study and avoids intraday crossover issues - **Current Day ATR** (lookahead_on): Used for Overheating Line calculation - provides real-time profit-taking signals ### 3. Overheating Line - Dynamically calculated as: `1D ATR + (ATR Width ร— 1.3)` - Orange line indicating potential overextension zones - Uses current day real-time ATR for intraday decision-making - Only displays during uptrends - Customizable multiplier (default: 1.3) ### 4. ATH (All-Time High) Finder - Automatically tracks and displays the all-time high with a horizontal line - **Line Color**: Lime green (customizable) - **Label System**: - Green label when price is at ATH - Red label when ATH is historical - Toggle label visibility independently - **Bug Fix**: Prevents vertical line display when ATH occurs on current bar - Line extends to the right for easy visualization ### 5. Warning & Break Signals Each timeframe provides two types of alerts: - **Warning Signal** (โš ๏ธ): Price closes below uptrend line (potential reversal warning) - **Break Signal** (โšก): Price closes above downtrend line (potential breakout) - Smart timing intervals prevent signal spam: - 1H: Checks every 4 hours (warning) / 1 hour (break) - 4H/1D: Max 2 signals per day ### 6. Trend Change Indicators - Small circles mark the exact bar where trend changes occur - Color-coded for each timeframe - Helps identify reversal points and trend strength ### 7. Master Control Switches Efficiently manage all visual elements: - **Master Highlighter**: Toggle all background fills on/off - **Master Signals**: Toggle all warning/break signals - **Master Up Trend**: Toggle all uptrend lines and circles - **Master Down Trend**: Toggle all downtrend lines and circles ### 8. Fast Cut Lines (Optional) - Additional support/resistance lines offset by a percentage from main ATR lines - Useful for tighter stop-loss management - Separate controls for up and down trends - Default: OFF (customizable offset percentage) ### 9. Timeframe Visibility Control - **Hide on Daily+**: Automatically hides indicators (except 1D ATR) on daily timeframes and above - Reduces chart clutter on higher timeframes - 1D ATR always visible regardless of chart timeframe ### 10. EMA Integration (Optional) - Display 20/50/200 EMAs for confluence with ATR trends - Toggle on/off independently ## Use Cases ### For Swing Traders 1. **Entry Timing**: Wait for multiple timeframe alignment (1H, 4H, 1D all in uptrend) 2. **Trend Confirmation**: Use trend change circles to identify momentum shifts 3. **Profit Taking**: Monitor Overheating Line for potential exit zones ### For Position Management 1. **Stop Loss Placement**: Use 1D ATR line or Fast Cut lines as dynamic stop levels 2. **Risk Assessment**: Distance between timeframe ATR lines indicates volatility 3. **Breakout Trading**: Break signals (โšก) identify potential breakout opportunities ### For Pre-Market Analysis - 1D ATR uses previous day data, allowing traders to: - Study support/resistance levels before market open - Plan entry/exit strategies based on confirmed data - Avoid false signals from incomplete daily candles ## Settings Guide ### ATH Finder Settings - **Show ATH Line**: Toggle ATH line visibility - **Show ATH Label**: Toggle ATH label display (can hide label while keeping line) - **ATH Line Color**: Customize line color (default: lime) - **ATH Line Width**: Adjust line thickness (1-5) ### Timeframe Settings (Each timeframe has independent controls) - **ATR Period**: Lookback period for ATR calculation (default: 10) - **ATR Multiplier**: Distance multiplier from price (default: 1.0) - **Show Label**: Display " " / " " / " " text labels - **Show Warning/Break Signals**: Toggle alert symbols - **Highlighter**: Toggle background fill between price and ATR line ### Overheating Line Settings - **Show Overheating Line**: Toggle visibility - **Overheating Multiplier**: Adjust distance above 1D ATR (default: 1.3) ### Cut Lines Settings - **Show Fast Cut Line (Up/Down)**: Toggle visibility - **Fast Cut Offset %**: Percentage distance from ATR lines (default: 1.0%) ## Color Scheme - **Current TF**: Green (up) / Red (down) - **1H ATR**: Blue (#1848cc) / Dark Blue (#210ba2) - **4H ATR**: Purple (#7b1fa2) / Dark Purple (#4e0f60) - **1D ATR**: Green (#4caf50) / Dark Red (#8c101a) - **Overheating Line**: Orange (#ff9800) - **ATH Line**: Lime (customizable) ## Technical Notes ### ATR Calculation - Uses True Range for volatility measurement - Option to switch between SMA and EMA calculation methods - Adapts to both volatile and stable market conditions ### Performance Optimization - Maximum 500 lines and 500 labels to prevent memory issues - Bar index limitations prevent historical data errors - Efficient repainting prevention for 1D timeframe ### Alert System Built-in alert conditions for: - Buy/Sell signals (Current TF) - Warning signals (all timeframes) - Break signals (all timeframes) ## Best Practices 1. **Multiple Timeframe Confirmation**: Don't trade against higher timeframe trends 2. **Overheating Awareness**: Consider profit-taking when price reaches orange line 3. **ATH Monitoring**: Exercise caution near all-time highs (increased volatility risk) 4. **Signal Filtering**: Use warning signals as alerts, not immediate action triggers 5. **Stop Loss Management**: Place stops below the most relevant ATR line for your timeframe ## Version Information - Pine Script Version: 5 - Indicator Type: Overlay - Max Lines: 500 - Max Labels: 500 ## Credits Created by @yohei ogura with <3 Modified for Multi-Timeframe functionality with ATH tracking
Pine Scriptยฎ indicator
by ogudora0812
Momentum Breakout Filter + ATR ZonesMomentum Breakout Filter + ATR Zones - User Guide What This Indicator Does This indicator helps you with your MACD + volume momentum strategy by: Filtering out fake breakouts - Shows โš ๏ธ warnings when breakouts lack confirmation Showing clear entry signals - ๐Ÿš€ LONG and ๐Ÿ”ป SHORT labels when all conditions align Automatic stop loss & profit targets - Based on ATR (Average True Range) Visual trend confirmation - Background color + EMA alignment Signal Types ๐Ÿš€ LONG Entry Signal (Green Label) Appears when ALL conditions met: โœ… MACD crosses above signal line โœ… Volume > 1.5ร— average โœ… Price > EMA 9 > EMA 21 > EMA 200 (bullish trend) โœ… Price closes above recent 20-bar high ๐Ÿ”ป SHORT Entry Signal (Red Label) Appears when ALL conditions met: โœ… MACD crosses below signal line โœ… Volume > 1.5ร— average โœ… Price < EMA 9 < EMA 21 < EMA 200 (bearish trend) โœ… Price closes below recent 20-bar low โš ๏ธ FAKE Breakout Warning (Orange Label) Appears when price breaks high/low BUT lacks confirmation: โŒ Low volume (below 1.5ร— average), OR โŒ Wick break only (didn't close through level), OR โŒ MACD not aligned with direction Hover over the warning label to see what's missing! ATR Stop Loss & Targets When you get a signal, colored lines automatically appear: Long Position Red solid line = Stop Loss (Entry - 1.5ร—ATR) Green dashed lines = Profit Targets: Target 1: Entry + 2ร—ATR Target 2: Entry + 3ร—ATR Target 3: Entry + 4ร—ATR Short Position Red solid line = Stop Loss (Entry + 1.5ร—ATR) Green dashed lines = Profit Targets: Target 1: Entry - 2ร—ATR Target 2: Entry - 3ร—ATR Target 3: Entry - 4ร—ATR The lines move with each bar until you exit the position. Chart Elements Moving Averages Blue line = EMA 9 (fast) Orange line = EMA 21 (medium) White line = EMA 200 (trend filter) Volume Yellow bars = High volume (above threshold) Gray bars = Normal volume Background Color Light green = Bullish trend (all EMAs aligned up) Light red = Bearish trend (all EMAs aligned down) No color = Neutral/mixed MACD (Bottom Pane) Green/Red columns = MACD Histogram Blue line = MACD Line Orange line = Signal Line Info Dashboard (Bottom Right) ItemWhat It ShowsVolumeCurrent volume vs average (โœ“ HIGH or โœ— Low)MACDDirection (BULLISH or BEARISH)TrendEMA alignment (BULL, BEAR, or NEUTRAL)ATRCurrent ATR value in dollarsPositionCurrent position (LONG, SHORT, or NONE)R:RRisk-to-Reward ratio (shows when in position) How To Use It Basic Workflow Wait for setup Watch for MACD to approach signal line Volume should be building Price should be near EMA structure Get confirmation Wait for ๐Ÿš€ LONG or ๐Ÿ”ป SHORT label Check dashboard shows "โœ“ HIGH" volume Verify trend is aligned (green or red background) Enter the trade Enter when signal appears Note your stop loss (red line) Note your targets (green dashed lines) Manage the trade Exit at first target for partial profit Move stop to breakeven Trail remaining position What To Avoid โŒ Don't trade when you see: โš ๏ธ FAKE labels (wait for confirmation) Neutral background (no clear trend) "โœ— Low" volume in dashboard MACD and Trend not aligned Settings You Can Adjust Volume Sensitivity High Volume Threshold: Default 1.5ร— Increase to 2.0ร— for cleaner signals (fewer trades) Decrease to 1.2ร— for more signals (more trades) Fake Breakout Filters You can toggle these ON/OFF: Volume Confirmation: Requires high volume Close Through: Requires candle close, not just wick MACD Alignment: Requires MACD direction match Tip: Turn all three ON for highest quality signals ATR Stop/Target Multipliers Default settings (conservative): Stop Loss: 1.5ร—ATR Target 1: 2ร—ATR (1.33:1 R:R) Target 2: 3ร—ATR (2:1 R:R) Target 3: 4ร—ATR (2.67:1 R:R) Aggressive traders might use: Stop Loss: 1.0ร—ATR Target 1: 2ร—ATR (2:1 R:R) Target 2: 4ร—ATR (4:1 R:R) Conservative traders might use: Stop Loss: 2.0ร—ATR Target 1: 3ร—ATR (1.5:1 R:R) Target 2: 5ร—ATR (2.5:1 R:R) Example Trade Scenarios Scenario 1: Perfect Long Setup โœ… Stock consolidating near EMA 21 MACD curling up toward signal line Volume bar turns yellow (high volume) ๐Ÿš€ LONG label appears Red stop line and green target lines appear Result: High probability trade Scenario 2: Fake Breakout Avoided โœ… Price breaks above resistance Volume is normal (gray bar) โš ๏ธ FAKE label appears (hover shows "Low volume") No entry signal Price falls back below breakout level Result: Avoided losing trade Scenario 3: Premature Entry โŒ MACD crosses up Volume is high BUT trend is NEUTRAL (no background color) No signal appears (trend filter blocks it) Result: Avoided choppy/sideways market Quick Reference Entry Checklist ๐Ÿš€ or ๐Ÿ”ป label on chart Dashboard shows "โœ“ HIGH" volume Dashboard shows aligned MACD + Trend Colored background (green or red) ATR lines visible No โš ๏ธ FAKE warning Exit Strategy Target 1 (2ร—ATR): Take 50% profit, move stop to breakeven Target 2 (3ร—ATR): Take 25% profit, trail stop Target 3 (4ร—ATR): Take remaining profit or trail aggressively Stop Loss: Exit entire position if hit Alerts Set up these alerts: Long Entry: Fires when ๐Ÿš€ LONG signal appears Short Entry: Fires when ๐Ÿ”ป SHORT signal appears Fake Breakout Warning: Fires when โš ๏ธ appears (optional) Tips for Success Use on 5-minute charts for day trading momentum plays Only trade high volume stocks ($5-20 range works best) Wait for full confirmation - don't jump early Respect the stop loss - it's calculated based on volatility Scale out at targets - don't hold for home runs Avoid trading first 15 minutes - let market settle Best during 10am-11am and 2pm-3pm - peak momentum times Common Questions Q: Why didn't I get a signal even though MACD crossed? A: All conditions must be met - check dashboard for what's missing (likely volume or trend alignment) Q: Can I use this on any timeframe? A: Yes, but it's designed for 5-15 minute charts. On daily charts, adjust ATR multipliers higher. Q: The stop loss seems too tight, can I widen it? A: Yes, increase "Stop Loss (ร—ATR)" from 1.5 to 2.0 or 2.5 in settings. Q: I keep seeing FAKE warnings but price keeps going - what gives? A: The filter is conservative. You can disable some filters in settings, but expect more false signals. Q: Can I use this for swing trading? A: Yes, but use larger timeframes (1H or 4H) and adjust ATR multipliers up (3ร— for stops, 6-9ร— for targets).
Pine Scriptยฎ indicator
by DayTradingMD1992