Plot ATR% along with selected compression horizontal line. Bar color changes when inside specified value.
This script simplifies and gives more control to the user when using EMA with ATR in a bands form. The default values has to be changed according to your plan.
Here is an attempt to segregate ATR into ATR of up days and down days. While setting trailing stops based on ATR, you probably need to consider more on how an instrument can drop during red days. Hence, ATR of only red days makes more compelling case than overall ATR. Another use case for this kind of indicator may be in options if you are selling puts and calls...
A stoploss system that enables traders to exit with limited loss or even trailing loss. Use the levels of indicator against the candle that has seen signidicant move for running positions and the candle in which a new position is taken. Example : For long Nifty Future at 14990 levels, when Indicator is showing 14820 at bottom on a 30 min chart, 14820 can be...
Here is a Risk Management Indicator that calculates stop loss and position sizing based on the volatility of the stock. Most traders use a basic 1 or 2% Risk Rule, where they will not risk more than 1 or 2% of their capital on any one trade. I went further and applied four levels of risk: 0.25%, 0.50%, 1% and 2%. How you apply these different levels of risk is...
What this can be used for: If you've already decided you want to trade a symbol, this can identify points of momentum alignment. If a strong move has recently happened and you're looking for a change in momentum. How it works: This is a weighted combination of a Stochastic RSI and two modified SuperTrend (ATR Trailing Stop) indicators: The...
It is an ATR indicator which filters out outliers. Outliers are values which are higher than the standard deviation of the true range. It may be better than normal ATR for stop loss, because it does not keep large values after pump or dump. It is very useful for high volatile markets like crypto markets.
Helpful in forming Support resistance Judgements Rectangular ATR Levels is calculated using multipliers of the ATR value at the Previous Day's Close and plotting them on current day price movements as levels Enjoy!
Uber Risk Buddy Position Size, Stop Loss & Take Profit System The ultimate system to calculate trading risk on any asset e.g.: 💰 Futures ₿ Cyptocurrencies 💵 Forex 📈 Stocks 📉 Fund 🗂️ Indices Position Sizing De-risk possible drawdown by calculating a proper position size: Define your risk percent based on your net value Freely define...
Arnaud Legoux Moving Average With ATR Bands to get an idea of the volatility.
1. Compares visible bars to specified ATR inputs. 2. Colors bars if the bar is less than or greater than the specified ATR multiples. Ex: if the bar has a range of 1/2 half the Daily ATR or less, color blue. if the bar has a range of triple the 4h ATR or greater, color orange. _______________________________________________ DM me interesting ideas, filters,...
Trading is a lot about risk management too. I created this script to help with setting and moving a proper stop-loss. It plots an area that is a result of adding and subtracting both average true range and something I call "false range". ►The Average True Range is calculated as the candle's high-low. If there is a gap, it is added to complete the result. ►My own...
Trend Magic is originally a MT platform (MetaTrader) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits. Converted the MT platform code to TradingView Pine version 4. Also you can use Multiple Time Frame. It also works well with Crypto and Stock Markets. Trend Magic consists of two...
This is a my script for a super simple trading strategy - ZEST. Identify Zone of Value, Enter on pullback, place proper Stop Loss and set achievable Targets. So, to identify Zone of Value, I have EMA in my script. 20EMA generally acts as a dynamic Support/Resistance zone. For Buy Stop Loss, we have 1ATR below Swing Low. Then, we have SuperTrend for Trailing Stop Loss.
Another way of finding the average range of the bars using 1 period percentage change of the price and taking an average of them. It's given in percentages and the absolute value of the average can be shown when the option is turned on, or the average including the up and down bars can be shown. Perhaps an alternative way of looking at volatility or range of the...
FINALLY LEFT. the RANGE DAILY at the top RDH and the RANGE DAILY at the bottom RDL, is a PVSRA indicator used to calculate the daily ATR (Average True Range), with the help of my friend @ferhro, I was the one that managed to get closer to the original indicator for the metatrader 4. Let's the features. This indicator works as a support and natural resistance of...
This study include 3 types of stop-loss (ATR, High/Low and Pivot point) This script aimed to help new traders to respect risk management. Simply select which stop-loss you would like to use in the settings and the suggested stop-loss will be displayed on the chart for Long and Short positions. Please let me know in the comment if you would like me to add more...
This is an experimental idea to transform the original script created by @Fleite28 in a kind of SSL with volatility bands. @Fleite28 has made all script and he have all credits, I just give him this idea. I'm using this indicator to confirm: 1-potential bull trend (when you have 2x green lines with support) 2-potential bear trend (2x lines red -...