the usage of ATR (Average True Range) and DTR (Daily True Range) with custom timeframes, including the calculation of DTR percentage. These indicators are commonly used in technical analysis, particularly in stock, futures, and forex markets.
ATR (Average True Range)
Definition:
ATR is an indicator that measures market volatility, often used for setting stop-loss...
The Chandelier Exit is a popular tool among traders used to help determine appropriate stop loss levels. Originally developed by Chuck LeBeau, the Chandelier Exit takes into account market volatility and adjusts the stop loss level dynamically. This indicator builds upon the original Chandelier Exit by allowing the trader to select an anchor date or starting point...
The SuperTrend Toolkit (Super Kit) introduces a versatile approach to trend analysis by extending the application of the SuperTrend indicator to a wide array of @TradingView's built-in or Community Scripts . This tool facilitates the integration of the SuperTrend algorithm with various indicators, including oscillators, moving averages, overlays, and channels.
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Features of the Logical Trading Indicator V.1
ATR-Based Trailing Stop Loss
The Logical Trading Indicator V.1 utilizes the Average True Range (ATR) to implement a dynamic trailing stop loss. You can customize the sensitivity of your alerts by adjusting the ATR Multiple and ATR Period settings.
Higher ATR Multiple values create wider stops, while lower values...
The Standardized SuperTrend Oscillator (SSO) is a versatile tool that transforms the SuperTrend indicator into an oscillator, offering both trend-following and mean reversion capabilities. It provides deeper insights into trends by standardizing the SuperTrend with respect to its upper and lower bounds, allowing traders to identify potential reversals and...
ALWAYS TRADE THE DIRECTION OF THE TREND
This indicator is useful for 5-minute Bank Nifty intraday trading.
It compares the Open-Close value for a 5-minute bar with the current ATR value.
When a bar has higher than the ATR value then it means that the current bar has a higher Open-Close than the ATR.
This means that after a period of dull action, some action has...
The "Average True Range" indicator is a popular tool that measures price volatility. In this modified indicator, I present two methods of calculating ATR: the outdated classical one based on RMA (EMA, SMA, WMA), and the modernized one using the Super Smoother filter.
Why has exponential smoothing become outdated?
Exponential smoothing (EMA) has drawbacks,...
Description:
This indicator presents a visual representation of the percentage of the Daily Average True Range (ATR) that an asset has covered. The core idea behind the indicator is to gauge the remaining “ energy ” or potential price movement capacity of an asset within the trading day. By comparing the current intraday range to the daily ATR, traders can...
Description:
A strategy based on ATR with auto-backtesting capabilities, Take Profit and Stop Loss (either Normal or Trailing). It allows you to select ranges of values and step for each parameter, and backtest the strategy on a multitude of input combinations at once. You can alternatively use a constant value for each parameter. The backtesting results strive...
The " ATR Adaptive RSI Oscillator " is a versatile technical analysis tool designed to help traders make informed decisions in dynamic market conditions. It combines the Relative Strength Index (RSI) with the Average True Range (ATR) to provide adaptive and responsive insights into price trends.
Key Features :
Adaptive RSI Periods : The indicator introduces...
This indicator uses the strength of the trend from ADX to decide how the SuperTrend (ST) should behave.
Motivation
ST is a great trend following indicator but it's not capable of adapting to the trend strength.
The ADX, Average Directional Index measures the strength of the trend and can be use to dynamically tweak the ST factor so that it's sensitivity can...
The Advanced Weighted Residual Arbitrage Analyzer is a sophisticated tool designed for traders aiming to exploit price deviations between various asset pairs. By examining the differences in normalized price relations and their weighted residuals, this indicator provides insights into potential arbitrage opportunities in the market.
Key Features:
Multiple...
The Support Resistance Breakthrough (SRB) is a comprehensive technical indicator that aims to evaluate market strength and detect potential breakout opportunities. It integrates the following elements:
ADX (Average Directional Index): Helps measure the overall trend strength. You can adjust both the ADX length and smoothing length.
ATR (Average True Range): ...
📜 ––––HISTORY & CREDITS––––
The Jon Tr3ndy ATR Label is another creation inspired by Tr3ndy Jon (Jonathan McKeever,) and his Supply and Demand System. Building on the legacy of our premium scripts Tr3ndy Bands, Tr3ndy Edges, Tr3ndy LIS and the Tr3ndy PMZ, this script brings the power of the Average True Range (ATR) to your fingertips, but with a Tr3ndy...
LNL Trend System is an ATR based day trading system specifically designed for intra-day traders and scalpers. The System works on any chart time frame & can be applied to any market. The study consist of two components - the Trend Line and the Stop Line. Trend System is based on a special ATR calculation that is achieved by combining the previous values of the 13...
First I would like to give the original credit and thanks to @ceyhun for his amazing volume script.
The way I decided to convert it into a strategy is divided into multiple types.
First, I decided in order to smooth out the values and make it more accurate to adapt the values to multiple timeframes.
After that I took the initial values from the buyers and...
Magic Trend indicator is an indicator combining the Commodity Channel Index (CCI) and the Average True Range (ATR) indicators.
The indicator is represented by a line that turns red when CCI readings are below 0 and converts to blue when CCI reaches above 0.
Color of the line can be treated as a trend indicator.
When CCI > 0 (Blue Color), price is assumed to be...
Introduction
The key innovation of the ALAC is the implementation of dynamic length identification, which allows the indicator to adjust to the "market beat" or dominant cycle in real-time.
The Auto-Length Adaptive Channels (ALAC) is a flexible technical analysis tool that combines the benefits of five different approaches to market band and price deviation...
![XAUUSD: ATR/DTR with Custom Timeframes and DTR % [Kow]](https://s3.tradingview.com/u/UhORceJA_mid.png "ATR/DTR with Custom Timeframes and DTR % [Kow]")
![BTCUSD: [Spinn] Average True Range](https://s3.tradingview.com/x/xROTDDDI_mid.png "[Spinn] Average True Range")
![ABCM: [TTI] Jon Tr3ndy ATR Label](https://s3.tradingview.com/v/voTQ0haj_mid.png "[TTI] Jon Tr3ndy ATR Label")
