OPEN-SOURCE SCRIPT
(JS) Interchanging ATR & VWAP Bands
Okay so this is pretty simple, but I think it's a great tool for day trading especially. I just took the default VWAP and Keltner channel scripts and combined them together.
The top option allows you to choose which one you'd prefer to use, "Use ATR instead of VWAP".
The next options, "ATR Source", "KC Length", and "ATR Length" are the parameters for the ATR Bands.
"Number of Bands" allows you to choose how many bands you'd like to be on display (you can choose 1-8).
"Use Expoential MA" and "Band Style" are more default parameters from Keltner Channels used to set up the ATR Bands.
The "ATR Bands" are just stacked Keltner Channels separated by 1 ATR each, whereas the "VWAP Bands" are separated by standard deviation just like the default script from Trading View.
In these example chart, you can see the weekly VWAP with 8 deviation bands and 5 ATR bands with Keltner Channels.
The top option allows you to choose which one you'd prefer to use, "Use ATR instead of VWAP".
The next options, "ATR Source", "KC Length", and "ATR Length" are the parameters for the ATR Bands.
"Number of Bands" allows you to choose how many bands you'd like to be on display (you can choose 1-8).
"Use Expoential MA" and "Band Style" are more default parameters from Keltner Channels used to set up the ATR Bands.
The "ATR Bands" are just stacked Keltner Channels separated by 1 ATR each, whereas the "VWAP Bands" are separated by standard deviation just like the default script from Trading View.
In these example chart, you can see the weekly VWAP with 8 deviation bands and 5 ATR bands with Keltner Channels.
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.