🔄 ATR Pip Control Change-log
📅 Version 3.0.0
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🚀 Enhancements:
1. 📈 Dynamic Coefficients for Volatility Adaptation:
- Implemented dynamic coefficients for ATR band calculation, allowing the indicator to adapt to market volatility.
- This change improves the accuracy of high and low point detection, making the indicator more responsive to market conditions.
2. ⚙️ Filter Type and Value Adjustments:
- Introduced an option to select the filter type (Tick or Pip) for signals.
- Adjusted filter value settings to accommodate both tick and pip-based filtering, enhancing the flexibility of the indicator.
3. 🔍 Improved ATR Signal Detection:
- Enhanced the logic for detecting bullish and bearish ATR signals based on high and low points, with added filters for signal strength.
- This update increases the reliability of the ATR signals, helping traders make more informed decisions.
4. 📊 Local End Lines Display:
- Added functionality to display local end lines at the end of trends, providing visual cues for trend termination.
- These lines help traders identify potential reversal points more clearly.
5. 🔢 Normalization and Calculation Functions:
- Implemented normalization functions to standardize values for dynamic coefficient calculation.
- Added robust calculation functions for bands and detection points, improving the overall performance of the indicator.
6. 📉 Enhanced Plotting and Alerts:
- Improved plotting of bullish and bearish ATR signals with customizable colors.
- Added alerts for new ATR signals and crossovers of local end lines, keeping traders notified of significant market events.
🐞 Bug Fixes:
1. 🛠️ Signal Filtering Improvement:
- Fixed issues with signal filtering by ensuring proper calculation of filter values based on selected filter type.
- This fix ensures that only significant price movements trigger signals, reducing false positives.
2. 🧹 Line Deletion Logic:
- Corrected the logic for deleting previous local end lines to prevent residual lines from cluttering the chart.
- This improvement ensures that the chart remains clean and easy to read.
3. 🔧 Crossover Detection:
- Fixed bugs related to crossover detection of local end lines, ensuring accurate identification of price crossovers.
- This fix enhances the reliability of alerts for local end line crossovers.
📋 Miscellaneous Updates:
1. ⚡ Code Optimization:
- Refactored and optimized the code for better performance and readability.
- These changes make the script more efficient, reducing the computational load on the platform.
2. 📝 Documentation and Comments:
- Updated the code documentation and comments to provide clearer explanations of the new features and enhancements.
- This update helps users understand the changes and how to use the indicator effectively.