Daily Average True RangeThis script should give you a quick idea how far your stock has moved intraday compared to the ATR.
Average True Range (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!
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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!
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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.
ATR Trailing Stop Strategy by ceyhunSame coding only coloring and strategy version added
//Barcolor
Green = Trail1 > Trail2 and close > Trail2 and low > Trail2
Blue = Trail1 > Trail2 and close > Trail2 and low < Trail2
Red = Trail2 > Trail1 and close < Trail2 and high < Trail2
Yellow = Trail2 > Trail1 and close < Trail2 and high > Trail2
//It gives White color where there is deterioration.
Let's not use InfoPanel in strategy, it would be wrong as it signals the next day.
ATR Trailing Stoploss StrategyI am sharing the strategy version of the indicator used before. It is very simple to use.
These are the settings I use, you can change, test and use as you wish.
Atr Period 5
Highest High Period 10
Multiplier 2.5
It can generate more signals in shorter time frames.
The success rate will be higher in longer time frames.
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
Money Flow Club Bot Strategy 1-15 min ALLENG:
Friends, in this script, there is a function that calls the closing of the candle by Heikin ASHI candles.
You can disable it in the indicator settings.
There is no redrawing of the indicator on regular candlesticks.
The indicator is easy to set up for any trading pairs and any exchanges.
It has an entry point and provides 2 take profit.
It also contains consolidation zones when the price moves for a short time in the range that is visible on the indicator.
In order to try the indicator write in your personal messages.
The strategy does not specify a condition for exiting the position when the first take is taken, the stop is moved to breakeven, so the chart in the strategy turned out to be torn.
RUS:
Друзья, в этом скрипте присутствует функция вызывающая закрытие свечи по свечам Хейкин Аши.
Её можно отключить в настройках индикатора. На обычных свечах перерисовка индикатора отсутствует.
Индикатор легко настроить на любые торговые пары и любые биржи. А нем есть точка входа и предусмотрены 2 тейк профита.
Так же в нем присутствуют зоны консолидации когда цена короткое время движется в диапазоне который виден на индикаторе.
Для того что бы попробовать индикатор напишите в личные сообщения.
В стратегии не прописано условие выхода из позиции когда первый тейк взят, то стоп переносится в безубыток, поэтому график в стратегии получился рваный.
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
ATR STRATEGYHere is ATR strategy
Here you will identifie 2 ATR lines
Here is the Intraday Strategy for Indian stockmarket (NSE)
one is higher timeframe and second is for current timeframe chart
Here is the details of all property
////////////// Resolution /////////////
For higher timeframe ATR to compare with current timeframe ATR
Resolution is for higher timeframe ATR
/////////////// MARKET TRADING TIME ////////////////
for intraday time session here
if you want to trade after 10 am than you can modified that and buy sell will start from that
/////////////// MARKET CLOSE TIME //////////////////
for end of intraday trading time put square off intraday position
here timesession selected for close active position
/////////////// MAX LOSS INTRADAY /////////////////
intraday maximum loss
limit your loss in intraday
/////////////// OPTIONAL --- FOR USE STOP-LOSS IN % ---- ///////////////////////
here if you want to fix stop-loss from active position
here input value calculate in percentage(%)
/////////////// OPTIONAL --- FOR USE TARGET IN % ---- ///////////////////////
here if you want to fix target from active position
here input value calculate in percentage(%)
/////////////// TRAIL LONG LOSS % ---- ///////////////////////
for Active Long position put trailing stop-loss
here input value calculate in percentage(%)
/////////////// TRAIL SHORT LOSS % ---- ///////////////////////
for Active Short position put trailing stop-loss
here input value calculate in percentage(%)
///////////////------ Share Qty ---- ///////////////////////
Here your qty to trade
///////////////------ Book Qty ---- ///////////////////////
Here your trading position size you want to book half or full that you will book
///////////////------ ATR ---- ///////////////////////
Here your intraday ATR value that you can change and set as per your requirement
///////////////------ Start Year ---- ///////////////////////
Here strategy result required year from you can set
///////////////------ End Year ---- ///////////////////////
Here strategy result required End year from you can set
///////////////------ Start Month ---- ///////////////////////
Here strategy result required start month from you can set
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®
Double Donchian with ATR StopBrief:
Default Small Donchian period : 20 for D,W,M and 9 for smaller timeframe (1)
Default Big Donchian period : 50 for all timeframe
Default ATR Stop: 2ATR
Settings:
Donchian Settings : it does nothing but tell you that below is Donchian Settings
- Show Basis: show donchian basis line or not, default is no
- Background: show donchian's background or not, default is yes
...
- Show "xxx" : show donchian's "xxx" or not, default is yes
- Smalldon : Smaller Donchian's period : if it's "0" then it use (1) as default, if you want to change the period, change the "0" with the number you want, then (1) will no be applied.
- Bigdon: Bigger Donchian's period: change as you want
ATR Settings
ATR period & ATR multiplier too easy to have a manual.
Trend Cloud
The clouds reflect a possible overextension of the trend. Traders could use it as a signal to scale out the positions in the direction of the present trend or avoid scaling in.
The indicator plots the difference between ADX over the 45 level proportionate to the range between an ATR multiplier around MA. By default, the ADX is calculated with a DI length of 14 and an ADX smoothing of 14, an ATR length of 14, MA length of 20 and a multiplier of 2.
On the chart, I have highlighted with the vertical line the candles when the indicator was activated on all four timeframes simultaneously.
Stop ATR BuyStop ATR focused on Bull Trend Following, therefore it is plotted only as ATR subtracted from the prices. This indicator has the correct calculation of the ATR formula.
