See source code comments for details on difference.
Note di rilascio
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See source code comments for enhancements.
Changelog:
* Remove redundant calculation, leftover when refactoring.
Note di rilascio
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ChangeLog:
Better coloring
Bug fix: when zero line, should not be visible
Note di rilascio
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Reduce fill transparency, from 99 to 92. Was a bit too subtle!
And thanks to the convoluted fill logic to prevent colour blending (alas this convoluted logic still exists), configuring the style from the Style tab was not fun, too many trader-irrelevant colours.
Note di rilascio
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Allow differing MA and ATR lengths, may be useful to compare volatility ranges.
Allow specifying custom ATR multipliers for all 3 ATRs, instead of having just 1, 2, and 3 by default.
Visuals: Remove complex fill logic, reduce opacity on fill colours. The negative is we now get the fills blending with each other, but with reduced opacity, not so jarring. Users are encouraged to either play with the colors, or simply only plot the ATR channels they are interested in at different points, generally keeping their charts cleaner.
Visuals: Reduce line width of bands, but increase opacity so it's clearer.
Visuals: Explicitly plot centre MA with circles.
Note di rilascio
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Simplify code further.
Show/Hide of plotlines are now simply handled by the TradingView Style tab in Settings.
Better descriptions of lines and fills for viewing in the Style tab of Settings.
This is such a great indicator to use for scalping. So far the best results in scalping obtained with this indicator! Thanks for it!
ka66
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You are very welcome.
If you don't mind, could you share your scalping approach? I primarily swing trade, so would be neat to know how you use this to scalp: timeframe, indicator settings, overall approach?
Either way, thanks for your kind words.
TradingMastersX
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@ka66, yes sure, of course! It is the least I can do after you have coded such a nice script. I will send you a message with the method.
rslow777
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thanks bro
ka66
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@rslow777, You are welcome. Profitable trading to us all.
wortiz002
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HI! could you please explain me how to use this indicator? thanks.
ka66
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Hi @wortiz002, I haven't been trading with this, but look up Adam Grimes' work. I obtained the idea for this from him.
Basically it's to trade within the ATR channels, reverting to the mean. You are using the ATR bands rather than say, trend lines.