This Indicator uses Average True Range (ATR) to determine a safe place to put stop losses to avoid being stop hunted or stopped out of a trade due to a tight stop loss. Default multiplier setting is 1.5. For a more conservative stop loss use 2 and for a tighter stop loss use 1. ATR and stop loss prices are displayed in table at bottom of screen. Use high(red) for...
I wrote some Support/Resistance scripts before this. In this new script, I implemented the logic of the code from the scratch, so it's very different from my previous S/R indicators and I think it's more advanced, accurate and efficient. As the result it could do the followings for now: - Draw more strong classical resistance/support levels by checking previous...
Based on the NNFX Lot size position calculations MoneyMovesInvestments would like to provide to you the Free MM Atr Risk calculator Directions are simple Tells you the Atr value Stop loss in pips You can enter your account size Based on your account size, enter the percent you want to risk then the calculator will tell you your stop loss in pips based on...
This is a simple charting tool box that allows you to do 5 things: 1. Highlight custom time range with transparent background. 2. Plot High, Low of the custom time range and extension. 3. Plot previous day High, Low 4. Highlight market sessions (Sydney, Tokyo, London, New York), session times are customizable. 5. Plot ATR Projections The drawings use...
Displays the following values in a table in the upper right corner of the chart: ADR%: Average daily range (in percent). ATR: Average true range (hidden by default). LoD dist.: Distance of current price to low of the day as a percentage of ATR. All values are calculated based on daily bars, no matter what time frame you are currently viewing. Doesn't...
Supertrend Bands What is the Supertrend indicator? "The Supertrend indicator is a trend following overlay on your trading chart, much like a moving average, that shows you the current trend direction. The indicator works well in a trending market but can give false signals when a market is trading in a range. It uses the ATR (average true range) as part of...
Hey traders! This script calculates the average volatility of trading sessions. You specify a start date, an end date, and a session time (eg. market open, Asian session etc) The script then scans through all the price action on your chart and calculates the average price movement during that specified period. What Is It For? I created this script for my own...
This is the Multi TimeFrame Version of previous atr channel, which uses the ATR percent(atr%) instead of the 2% fixed deviation for calclation of bollinger bands.
To appreciate dear Mr.Khakestar efforts i have converted his mt4 ATR formula to pine script. All credits goes to him. Special Thanks To shayankm Long Step $ Short Step added DR added Standard SL added Eng.SL and Hunter.SL added. Incompatible default colors with dark theme now are fixed. Colors can be changed from settings. All drawing sizes can be modified from...
This indicator uses a combines the "Williams %R" and "ATR_Normalized" indicators to find potential price bottoms, as suggested by simultaneous extreme values on both of the aforementioned indicators. This is represented by near zero values one this indicator. A log transform is used to make the dips easier to spot.
This indicator uses a combines the "Williams %R" and "ATR_Normalized" indicators to find potential price tops and bottoms, as suggested by simultaneous extreme values on both of the aforementioned indicators.
Bam-- look what Rex did. A RexDog Average with ATR bands-- he's going insane. Simple but powerful. This indicator includes the RexDog average but provides you with the ability to plot (and customize) both above and below ATR calculated bands. With this indicator you can display all 3 or any combination of the bands: the RexDog Avg, Adding ATR Upper or the...
Fibonacci Fans application on top of Previous Higher TimeFrame High and Low. Idea owner is @faizannawaz1, special thanks to him for both the idea and tesing the application WARNING : Study includes plottings in the future, and due to temporal gaps in non 7/24 markets such as weekends, holidays etc plotting of the fans will move to the open session (the effect...
Script to use for position sizing based on portfolio size, max position, and max loss inputs. The option to use custom entry and stop are available, but default to last price for entry, and Low of Day (LoD) for stop. The ATR % is a measure of the low of day to current price as a percentage move. Credit to LonesomeTheBlue for the base code on position sizing and...
EN // MATR 4H Strategy - UpTradin Use 1: This script is effective for all assets. Find out how to get the best performance. This indicator offers several possibilities: - Only in TimeFrame 4H. - The gray curve shows you the trend. You should not trade against it. - Once the trend is established you can buy or sell according to the Buy and Sell sign. - When the...
NVME TP and SL system is an ATR based risk management tool that is designed to identify possible stop loss and take profit points for you to follow depending on the volume generated by the average true range. Sometimes, they zones may be really close together and this often occurs during a ranging period of the market where there is little movement and this can be...