This indicator builds on the idea of the Average True Range (ATR) as a way of measuring volatility. It uses two different ATRs to show a shift in market volatility.
It is mainly composed of two moving averages of ATR. One fast moving, which looks back at the previous 5 periods. One slow moving, which looks back at the previous 21 periods. Both ATRs have been...
Based on the work done by sirolf2009
Many many conditionals
Best on high liquidity / high volume markets
Not so great on low volume alts (still better than manual trading for me)
This is a stripped-down version of the code in buyBot, converted to Pine