ATR color zones with volume radar [LM]Hello Guys,
I would like to introduce you the ATR color zones with volume radar indicator. It's a fork of @GlobalMarketSignals "GMS: Mr. Yen's Color Zone" shout-out to him.
I have enriched it -> that zones are calculated based on the ATR and percentages as described below and volume radar on candle bars. You can select from which timeframe color zones are calculated.
Zones:
white line is the previous period close
red zone = +/- 20% ATR of previous period
yellow zone = +/- 40% ATR of previous period
green zone = +/- 60% ATR of previous period
blue zone = +/- 100% ATR of previous period
Volume radar:
lime = above volume MA average multiplied by multiplier up bar
maroon = above volume MA average multiplied by multiplier down bar
black = volume is decreasing but is not below half of volume MA
navy = volume is decreasing and is below half of volume MA
markers are shown when volume is increasing two consecutive candle in row in direction of the candle
Any suggestions are welcomed
Average True Range (ATR)
CC - Array-meta Consolidated Interval Display (ACID)This script extends my other two Array examples (which I've also provided to you open source):
The Ticker-centric 5m,15m,45m,1h,4h,1d resolution labels using arrays:
And the more Macro VIX,GLD,TLT,QQQ,SPY,IWM 1d resolution labels using arrays:
This script aims to show how to use min/max/avg with Arrays easily. My next example after this will be exploring the usage of variance versus covariance ratios over different periodic interval resolutions. Currently, this is using the following intervals: 5m,15m,45m,1h,4h,1d. It takes these intervals, calculates the values at those resolutions and puts the absolute min and max from the 5 minute to the 1 day resolutions.
It's more of an example of the power that arrays can hold, as all this truly is right now is a min/max bound calculator. The real gem lies in the avg calculators for multiple resoltuions tied into a single label with readable data. Check out the code and let me know what you think. If you need more examples, the other two scripts I mentioned before are also open source.
Using this on intervals of less than 1D sometimes times out, the way I wrote it is memory intensive, may not work for non-pro users.
Thanks!
NONE OF THIS IS FOREWARD LOOKING STATEMENTS, THIS IS NOT A PREDECTIVE ANALYSIS TOOL. THIS IS A RESEARCH ATTEMPT AT A NOVEL INDICATOR. I am not responsible for outcomes using it.
Please use and give criticisms freely. I am experimenting with combining resolutions and comparing covariance values at different levels right now, so let me know your thoughts! The last indicator will likely not be open source, but may be depending on how complex I get.
ATR + PSAR Trailing Stop (Expo)This ATR + PSAR Trailing Stop indicator is unique. It comes with new ways of calculating ATR and PSAR to enhance performance and accuracy as well as give clarity in trends. The indicator can be used standalone or as a part of your current trading strategy.
ATR + PSAR Trailing Stop (Expo) is a trailing stop indicator that combines ATR and PSAR to enhance the calculation of the trailing stop. This indicator works well in all types of markets, for example, in a trading range or in a trending market, etc.
The user can choose between the following ATR Settings:
Quick ATR
Adaptive ATR
Follow the price closely - ATR
Standard ATR
Trend ATR
The user can enable Trend ATR which displays the overall market structure. If the Trend ATR line is above the price we have a negative market structure, and if the Trend ATR line is below the price we have a positive market structure.
Real-time
No repainting
Works on any market and in any timeframe
HOW TO USE
- Use the ATR + PSAR Trailing Stop as a stop-loss.
- Use the indicator for taking a position when price crosses the ATR trailing line or taking a position when price crosses the PSAR circles.
- Use the indicator to identify the current market structure and trend.
The indicator can be used standalone or as a part of your current trading strategy.
INDICATOR IN ACTION
1-hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
CC - Macro Consolidated Interval Display (MCID)Ever wish you didn't have to rapidly flip between 6 different tickers to get the full picture?
Yeah, me too. Do you also wish that you kind of understood how the shift / unshift function works for arrays?
Yeah, I did too. Both of those birds are taken care of with one stone!
The Macro Consolidated Interval Display uses the new Array structure and security to display data for VIX, GLD, TLT, QQQ, SPY and IWM (at a 1D interval) SIMUTANEOUSLY! Regardless of which ticker you're looking at you can get the full picture of macro futures data without flipping around to get it.
This is my first script trying to use arrays. It basically shows the following a 1d interval:
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for VIX.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for GLD.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for TLT.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for QQQ.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for SPY.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP for IWM
To make it more or less busy, I've allowed you to toggle off any of the levels you wish. I've also chosen to leave this as open source, as it's nothing too experimental, and I hope that it can gain some traction as an Array example that the public can use! If you don't like the different values that are shown, use this source code example as a spring-board to put values that you do care about onto the labels.
If this code has helped you at all please drop me a like or some constructive criticism if you do not think it's worth a like.
Good luck and happy trading friends. This should be compatible with my CID as well:
If this gets traction, I will post something similar for a dynamic combination of tickers and intervals that you can set yourself.
CC - Consolidated Interval Display (CID)Ever wish you didn't have to rapidly flip between 6 different intervals to get the full picture?
Yeah, me too. Do you also wish that you kind of understood how the shift / unshift function works for arrays?
Yeah, I did too. Both of those birds are taken care of with one stone!
The Consolidated Interval Display uses the new Array structure and security to display data for 5m, 15m, 45m, 1h, 4h and 1d intervals SIMUTANEOUSLY! Regardless of which interval you're looking at you can get the full picture of numerical data without flipping around to get it.
This is my first script trying to use arrays. It basically shows the following for the given ticker:
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 5 minute level.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 15 minute level.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 45 minute level.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 1 hour level.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 4 hour level.
ATR14, RSI7, RSI14, SMA50, SMA200 and VWAP at the 1 day level.
To make it more or less busy, I've allowed you to toggle off any of the levels you wish. I've also chosen to leave this as open source, as it's nothing too experimental, and I hope that it can gain some traction as an Array example that the public can use! If you don't like the different values that are shown, use this source code example as a spring-board to put values that you do care about onto the labels.
If this code has helped you at all please drop me a like or some constructive criticism if you do not think it's worth a like.
Good luck and happy trading friends.
If this gets traction, I will post something similar for a combination of SPY, VIX, GOLD, QQQ, IWM and TLT.
CC - ATP (Auto-Trendline Projection)I created this script with a simple goal in mind: Automatically plot trend-lines for a given interval with a resolution that fits the period chosen.
To accomplish this I used a combination of the following:
Ichimoku Spans and Ichimoku Span Width.
ATR and standard deviation from the ATR of the Ichimoku width.
Rolling MACD with directional RSI for coloration based on acceleration.
I then combined all of these pieces of data into a single label and line plotter, so that you can see the assumed trend-lines for the current period based on the interval selected. It attempts to avoid using look-ahead logic by resolving using security, and plotting based on the suggested methodologies.
Inputs:
n (this must be the smallest number). - This is usually 7,14 or 26 depending on the resolution you're going for.
m (must be m > n and m < o). - This is usually something close to 14,26 or 52.
o (must be o > m and o < p). - This is usually something close to 26,52 or 180.
p (must be p > o). - This is usually just o * 2 or 52, 180 or 360.
Show historical data - Keeps some of the lagging trend-lines at intervals of m, o and p.
Precision - The decimal precision to round to, useful if you need this for BTC or penny stocks.
Common Inputs I use:
n=7, m=14, o=26, p=52
n=14, m=26, o=52, p=180
n=26, m=52, o=180, p=360
You can use any numbers, but roughly you want:
m = n*2, o = m*2, p = o*2.
The labels contain the following information:
Expected Support/Resistance levels
The first level is assumed to be heading to the second level.
For instance, if you have S1 down to R2, that means a support is likely to become a resist.
If you have, instead, R1 up to R2 that means the resistance is moving up, but is still resist.
S1 down to S2 is similar in that it means the support level is moving lower but is still sup.
R1 up to S2 is the one that you want to look for as it indicates potential swings.
More-overly, R1-->S2 or S1-->R1 indicate pivotal moments.
MACD / RSI for the given period.
Pretty simple, it's given to the number of decimal places offered by the inputs.
Price Targets.
If it's above the price target area, that means the swing already probably happened.
If it's in the price target area, you're at a pivotal moment; it could go up or down.
If you're below the price target area, watch for catalysts that force price target entry.
WARNING:
Please note, all of this is trend analysis and can be completely demolished in an instant by a catalyst. If there is a huge retracement event, you MUST WAIT A MINIMUM OF THE INPUT PERIOD OF TIME FOR THE STOCK TO SETTLE. If you have a retracement within n-m periods for instance, the short data will be inaccurate. If you have a retracement from m-o the mid data may be inaccurate until it triggers retracement. Same with o-p on the long level. The higher numbers you use, the less reactive the script, but the more historical data it will consume. For instance high numbers may be good for amazon, so you have less reaction to big dips, as you are not afraid because it is a strong company. While this is good on strong companies, it is suicidal for unknown ones.
DISCLAIMER:
I do NOT state anywhere that the data provided by this indicator is valid, forward looking, or guaranteed. If you make a trade based on this indicator I am in no way responsible for the outcome. All trades should be backed by personal due diligence and not rely directly on the indicators of others, as they may contain unfound bugs, incorrect math or look-ahead logic that is potentially dangerous. One final disclaimer, I am a programmer at heart, and am new to this field of study. While I have found a group of supportive friends, do realize I have been at this for less time than most others, more notably I started on 8/16/2020. Please shower me with constructive criticism and other thoughts you have.
Please take this script and view it as a learning experience not a tool for money as of this moment, if you have further questions about me or my scripts, please feel free to message me.
[SCL] Bitcoin Hashrate Dips (Miner Capitulation)Gives long-term buy signals for Bitcoin from dips and recoveries in the hashrate (the "miner capitulation" theory). It has an overlay and a standalone mode and is fully configurable. It uses Williams Lows and ATR instead of moving averages.
Features that might be interesting for Pinescripters:
+ Automatic (as far as is possible currently) adjustment of plots for overlay and standalone display modes.
+ A neat label function for debugging floats
+ Fully commented
+ The debug that I used to overcome problems in developing it is left in
+ Ideas for how to deal with a wildly oscillating and exponentially increasing data source
You need to run this indicator on the Bitcoin daily chart for it to make any sense. The best is a BTC/USD chart with a long history, such as BNC:BLX.
Daily Average True RangeThis script should give you a quick idea how far your stock has moved intraday compared to the ATR.
Rolling ATR Channel (Expo)Rolling ATR Channel (Expo) is a sophisticated indicator that identifies the underlying trend as well as identifies ATR based trading ranges. In a trending market, the price will be within the Upper or Lower band. If the market is in a trading range , the price will bounce between the upper and lower ATR zones, until the price breaks through and creates a new trend. The user will no longer have to guess in which state the market is in, the indicator displays it clearly.
So, the indicator displays real-time Range (ATR based) support and resistance zones as well as if the market is in a trend.
If you know the current market state, you have the ability to choose the most applicable market strategy.
Real-time
No repainting
Works on any market and in any timeframe
HOW TO USE
- Use the indicator to identify trading range support and resistance zones.
- Use the indicator to identify when the price breaks through the trading range.
- Use the indicator to identify if the market is in a trend.
INDICATOR IN ACTION
4 Hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
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ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Label Display DemoA label function for display an arbitrary value above or below the chart.
There is no convenient way to display the value of a variable in pinescript. This is most convenient way I found.
It will follow the current bar (the position is calculated with highest/lowest and atr value, as such it will never display over the chart)
In this script we display ATR for the example
Volatility GuppyBased on my previous script "Turtle N Normalized," this script plots the CM SuperGuppy on the value of N to identify changing trends in the volatility of any instrument.
Turtle rules taken from an online PDF:
"The Turtles used a concept that Richard Dennis and Bill Eckhardt called N to represent the underlying volatility of a particular market.
N is simply the 20-day exponential moving average of the True Range, which is now more commonly known as the ATR. Conceptually, N represents the average range in price movement that a particular market makes in a single day, accounting for opening gaps. N was measured in the same points as the underlying contract.
The Turtles built positions in pieces which we called Units. Units were sized so that 1 N represented 1% of the account equity. Thus, a unit for a given market or commodity can be calculated using the following formula:
Unit = 1% of Account/(N x Dollars per Point)"
To normalize the Unit formula, this script instead takes the value of (close/N). Dollars per point = 1 for stocks and crypto, but will change depending on the contract specifications for individual futures .
"Since the Turtles used the Unit as the base measure for position size, and since those units were volatility risk adjusted, the Unit was a measure of both the risk of a position, and of the entire portfolio of positions."
When the EMA's are green, volatility is decreasing.
When the EMA's are red, volatility is increasing.
When the EMA's are grey, the trend is changing.
Turtle N NormalizedSimple script that calculates the normalized value of N. Rules taken from an online PDF containing the original Turtle system:
"The Turtles used a volatility-based constant percentage risk position sizing algorithm. The Turtles used a concept that Richard Dennis and Bill Eckhardt called N to represent the underlying volatility of a particular market.
N is simply the 20-day exponential moving average of the True Range, which is now more commonly known as the ATR. Conceptually, N represents the average range in price movement that a particular market makes in a single day, accounting for opening gaps. N was measured in the same points as the underlying contract.
The Turtles built positions in pieces which we called Units. Units were sized so that 1 N represented 1% of the account equity. Thus, a unit for a given market or commodity can be calculated using the following formula:
Unit = 1% of Account/(N x Dollars per Point)"
To normalize the Unit formula, this script instead takes the value of (close/N). Dollars per point = 1 for stocks and crypto, but will change depending on the contract specifications for individual futures.
"Since the Turtles used the Unit as the base measure for position size, and since those units were volatility risk adjusted, the Unit was a measure of both the risk of a position, and of the entire portfolio of positions."
When the value of N is high, volatility is low and you should be more risk-on.
When the value of N is low, volatility is high and you should be more risk-off.
Supertrend Screener LABELThis screens for Supertrend reversal's in 10 different securities. The main logic for the screener is taken from "Simple Custom Screener in Pinescript" by QuantNomad with his permission. If the label color is not visible due to the text in it being white colored, then choose a different color from settings. Also added a simple supertrend to it.
Terminology explanation:
Confirmed Reversal: Supertrend reversal that happened in the last bar and cannot be repainted.
Potential Reversal: Supertrend reversal that might happen in the current bar but can also not happen depending upon the timeframe closing price.
Uptrend/Downtrend : Shows all the tickers that are either currently in uptrend or downtrend.
Dual Volatility StopThis merges Volatility Stop & its MTF version both published by u/TradingView . Background is colored green or red when both the current timeframe Vstop and higher timeframe Vstop point in same direction. Aim is to take the standard Vstop script which differentiates market from only uptrend/downtrend to uptrend/downtrend/sideways. There is a tradeoff with this, that there is no need for the Vstop to be always in a position which reduces trade time & frees up capital. However this leads to situations where it takes slightly more time to catch on to a trend after a reversal.
Green Background = Buy
Red Background = Sell
No Background = Flat
ATR Daily LevelsPlots the daily ATR on the chart as upper and lower levels.
It can be use to adapt your trading in high and low periods of market volatility, determine reasonable target or take profit, entry at likely mean reversion, stop loss beyond normal flows etc...
More on the script behavior:
- Daily ATR upper/lower levels are applied on the current day low/high;
- The ATR value is defined by the last D1 bar;
- Shows up to D1 timeframe;
- Configuration for the indicator's period (default: 20 period ATR);
- Configuration for plotting the indicator on the the x axis with an offset/at begining of the day (default: offset);
Daily Range 1) Daily high - low range as a column chart
2) If differentiates the days of the week, Wednesday - Blue, Thursday - Red
ATR Limits | Custom Timeframe | Day | Week | Month | H4 | H1Marks out the ATR limits for your own custom selected timeframe
Allows you to set an "Exact Distance" for the ATR.
Note:
If the "Exact Distance" is set = 0
then an ATR will be calculated for you based on an average of the "ATR Periods"
i.e. By Default: atr(20)
Otherwise if "Exact Distance" is not = 0
then ATR limits will be calculated using your specified distance
E.g. Exact Distance = 0.5
Low of Day = 1.0
High of Day = 1.1
ATR Limit Low = 1.1 - 0.5 = 0.6
ATR Limit High = 1.0 + 0.5 = 1.5
Enjoy!
Stop Loss PanelHere is a label panel that shows the stop-loss number for Long or Short trades based on volatility using average true range and and a mult of that.
ATRCD, Average True Range Convergence DivergenceATRCD calculates a MACD over the Average True Range, therefore helping traders to spot momentum in volatility.
The Average True Range is a measurement of the average candle size over a period of time, i.e. when the candles are small, the ATR is low. ATR measures volatility .
The MACD is a momentum indicator. It measures market momentum based on the average closing prices over a period.
Therefore, using the MACD calculation over the ATR we get a measurement of momentum in volatility . The ATRCD is a concept at this point. I was curious to see whether such an indicator could provide any edge trading the markets. Because this is a MACD of the ATR the same concepts can be applied, e.g. spotting divergences, momentum trends, etc. Please be careful however, this indicator only looks like the MACD but it measures volatility and not price momentum . Maybe this can help traders confirm breakouts using price action?
Applying this indicator to the 12h of BTC/USDT we can see that we could be nearing a volatility expansion with a divergence on the histogram, and an ATRCD crossover.
BINANCE:BTCUSDT
AITI Investa: Trend FollowingScript ini dibuat untuk membantu strategi trend following harian pada saham-saham di IHSG.
Terdiri dari:
1. Petunjuk visual untuk area trend yang sebaiknya dihindari ( bearish trend ), berupa background berwarna merah. Dimana area bearish trend adalah ketika garis fast ema berada di bawah garis slow ema .
2. Batas stop loss / trailing stop, dengan acuan nilai ATR.
Script ini tidak memberikan sinyal buy. Silakan gunakan strategi buy on weakness/breakout sesuai analisa dan preferensi masing-masing. Untuk mencari entry trigger, penulis merekomendasikan untuk menarik garis support/resistance manual dan digabungkan dengan indikator MACD & CCI sebagai konfirmasi.
-AITI Investa
ATR Position Sizing + Risk ManagementThis indicator takes risk, delta, share price/option value, and atr to adjust position size to fit risk management.
For delta, put the change in position value per every dollar change in the stock price. An option delta of 0.5, would roughly mean a $50 shift for every 1 dollar movement.
Thanks for reading and any feedback would be appreciated!
PAI band (PP & ATR & IV)3つの抵抗帯
○インプライド・ボラティリティ
○アベレージ・トゥルー・レンジ
○ピボットポイント
を利用して、日単位・週単位で価格が到達するであろう境界線を表示します。
中途半端な価格帯での狼狽売買を避けて、優位性が期待できる値位置でエントリー・エグジットを検討できます。
価格がPAI bandに到達した時に、あなたが愛用している他のテクニカルのサインと合わせて使うのもいいでしょう。
3 resistance bands
○ Implied volatility
○ Average True Range
○ Pivot point
Use to display the boundaries that the price will reach on a daily/weekly basis.
You can consider entry/exit at a value position where you can expect superiority, avoiding discouragement in the half price range.
When the price reaches the PAI band, you can use it along with other technical signatures that you love.
Average Daily Range % | Bigger relative range - better profits.(ENGLISH VERSION BELOW)
Die richtige Auswahl von Instrumenten ist essenziell. Wir können nur dann Profite machen, wenn das Instrument sich bewegt. Bekannte Indikatoren wie der ATR (Average True Range) inkludieren hier ebenfalls Kurslücken. Das ist gut, dennoch wollen wir Volatiltät von einem anderen Standpunkt betrachten. Welche Bewegungen sind also vom Hoch zum Tief möglich gewesen? Verständlicherweise können wir diesen Wert einer kleinen Aktie nicht mit TSLA vergleichen. Aus diesem Grund schauen wir uns die Relation zum Preis an. Somit können wir wirklich Äpfel mit Äpfel vergleichen. Je höher der Wert, desto mehr Range (basierend auf der 20 Tage-Historie und dem jeweiligen Preis). Natürlich funktioniert dieser Indikator auch in anderen Asset-Klassen wie Krypto, Forex etc.
Wichtig: Wende diesen Indikator im Tageschart an!
English version:
Stock selection is pretty important. We can only make decent profits if the underlying stock moves. Well-known indicators like the ATR (Average True Range) also include price gaps here. This is good, nevertheless, we want to look at volatility from another point of view. So, which movements were possible from high to low? Understandably, we cannot compare this value with TSLA for a small share. That's why we look at the relation to price.
The higher the value, the bigger the range (based on the 20-day history and the respective price).
Important: Use this indicator on a daily timeframe!
Cheers,
WirmachenTrader®
