ATR ChannelsATR Channels help you to identify where to place your stop-loss or trailing stop-loss based on price volatility, according to the Average True Range (ATR).
"Trailing stop"に関するスクリプトを検索
RePaNoCHa V4 [Alerts]Script for automatic trading with Alerts.
LG --> Long (green: not confirmed) (lime: confirmed)
ST --> Short (maroon: not confirmed) (red: confirmed)
TS --> Trailing Stop
xL --> Close Long Position
xS --> Close Short Position
SL --> Stop Loss
The trailing stop closes the trade if the price changes direction by a specified percentage or offset. There is no ideal distance because markets and price are always changing and we know that is impossible to exit on the top or bottom. This script interpolate the trailing Stop Offset with profit, higher profit --> higher Trailing Stop Offset. Despite this, it's difficult to catch the price but not impossible. It has a TS delay too. It take a snapshot every X seconds, if the TS is activated the alert is triggered, otherwise the price keeps fluctuating until a new snapshot.
It can be easily converted to Backtest. Just delete "//" on the corresponding part.
Default settings for XBT:USD at 1H.
IFTS+TS Strategy OverlayInverse Fisher transform on stochastic with Hull MA and Donchian Channels with oversell/overbuy levels and dynamic trailing stop
Options:
Fixed trailing stop
Dynamic, based on ATR trailing stop
Re-enter after trailing stop
Includes Hull MA
Hull MA filtration for re-entering after trailing stop
Donchian channels, with overbuy/oversell levels
No repaints
Dragon-Bot - Default ScriptDragon-Script is a framework to make it as easy as possible to test your own strategies and set alerts for external execution bots. This is the alerts version of the script.
The script has many features build in, like:
1) A ping/pong mechanism between longs and shorts
2) A stop-loss
3) Trailing Stops with several ways to calculate them.
4) 2 different ways to flip from long to short.
The script is divided into several parts.
The first part of the script is used to set all the variables. You should normally never change the first part except for the comments at the top.
The second part of the script is the part where you initialise all your indicators. Several indicators can be found on Tradingview and on other sites. Please keep in mind that all the variable names used in the indicator should be unique. (all the … = … parts)
The third part of the script, is the most important part of the script. Here you can create the entry and exit points.
Let’s look at the OPENLONG function to explain this part: The first variables are all the possible entries; These are longentry1 till longentry5. You can add many more if you like.
The variables are all initialised as being false. This way the script can set a value to true if an entry happens.
The if function is the actual logic: You could say “if this is true” then (the line below the if function) longentry1 := (becomes) true.
In this case we have said: “if this is true” then (the line below the if function) longentry1 := (becomes) true when the current close is larger than the close that is 1 back.
The last part is the makelong_funct. This part says that if any of the entries are true, the whole function is true.
The last part of the script is the actual execution. Here the alerts are plotted and the back test strategies are opened and closed.
We hope you guys like it and all feedback is welcome!
Dragon Bot - Default ScriptDragon Script is a framework to make it as easy as possible to test your own strategies and set alerts for external execution bots.
The script has many features build in, like:
1) A ping/pong mechanism between longs and shorts
2) A stop-loss
3) Trailing Stops with several ways to calculate them.
4) 2 different ways to flip from long to short.
The script is divided into several parts.
The first part of the script is used to set all the variables. You should normally never change the first part except for the comments at the top.
The second part of the script is the part where you initialise all your indicators. Several indicators can be found on Tradingview and on other sites. Please keep in mind that all the variable names used in the indicator should be unique. (all the … = … parts)
The third part of the script, is the most important part of the script. Here you can create the entry and exit points.
Let’s look at the OPENLONG function to explain this part: The first variables are all the possible entries; These are longentry1 till longentry5. You can add many more if you like.
The variables are all initialised as being false. This way the script can set a value to true if an entry happens.
The if function is the actual logic: You could say “if this is true” then (the line below the if function) longentry1 := (becomes) true.
In this case we have said: “if this is true” then (the line below the if function) longentry1 := (becomes) true when the current close is larger than the close that is 1 back.
The last part is the makelong_funct. This part says that if any of the entries are true, the whole function is true.
The last part of the script is the actual execution. Here the alerts are plotted and the back test strategies are opened and closed.
We hope you guys like it and all feedback is welcome!
Generalized SSL by Vts// Generalized SSL:
// This is the very first time the SSL indicator, whose acronym I ignore, is on Tradingview.
// It is based on moving averages of the highs and lows.
// Similar channel indicators can be found, whereas
// this one implements the persistency inside the channel, which is rather tricky.
// The green line is the base line which decides entries and exits, possibly with trailing stops.
// With respect to the original version, here one can play with different moving averages.
// The default settings are (10,SMA)
//
// Vitelot/Yanez/Vts March 2019
MTA-Traling StopIntroduction
Based on my previous indicator , this indicator plot a trailing stop using classic conditions.
Using The Indicator
Like any trailing stop when price is higher than the trailing stop this imply a buy signals, when price is lower than the trailing stop this imply a sell signal. It is possible to use decimals instead of integers for length as shown here :
length = 14.7
The indicator tend to react faster to price movements when a trend has been really long, this methodology is similar to the one used by the parabolic sar.
Downsides
Lack of robustness with the length parameter, the behaviour of the trailing stop can be hard to predict. There is a real need for control.
Conclusion
The indicator can be adaptive, even if it already is in a certain way, by changing the alpha variable at the start considering that 0 < alpha < 1. Its not recommended to use it right now except for testing/coding purpose.
It is clear that i'm not enthusiast when it come to this script, there is a real lack of accuracy, i still hope it can be of use.
Chandelier ExitThis is a redesign of the Chandelier Exit indicator. It removes stupid transitions between Chandelier Exit' states and highlights initial points for both lines.
This indicator was originally developed by Charles Le Beau and popularized by Dr. Alexander Elder in his book "Come Into My Trading Room: A Complete Guide to Trading" (2002).
In short, this is a trailing stop-loss based on the Average True Range (ATR).
Trailing Resistance MTFTRAILING RESISTANCE INDICATOR is a helpful tool for traders to help one of the common problems that they face: where to buy/sell?
by using trailing resistance you can easily decide and see possible upward movements and understand if you are in a safe zone.
Using Trailing Resistance is just simple:
Go long/ Buy when price crosses above the indicator,
Stay on short position if prices are below the indicator.
The indicator is calculated from previous Lows and doesn't the value won't change until prices makes higher lows.
Multiple Time Frame Version of Trailing Stop Loss Indicator
Trailing Stop Loss Indicator by KıvanÇ fr3762
TRAILING STOP LOSS INDICATOR is a helpful tool for traders to help one of the greatest problems that they face: where to sell?
by using trailing stop loss you can easily decide and see possible downward movements and understand if you are in a safe zone.
Using Trailing Stop Loss is just simple:
Go short/ Sell when price crosses down the indicator,
Stay on long position if prices are above the indicator.
The indicator is calculated from previous Lows and doesn't the value won't change until prices makes higher lows.
Simple Trailing Buy & Stop StrategyAllows you to backtest a simple percentage based trailing stop, with a trailing buy. Experiment with different percentages on different timeframes for different charts.
For BTCUSD, on daily 4.3% stop and 1.9% buy works well, while on 4hr a 1.5% stop and 1.9% buy works best.
Please comment with any other combos that work well for you on different markets or timeframes.
CoryT's Noro's Ichimoku AlertsA few months ago I took Noro's Ichimoku Cloud and used the AV bot template to throw stops on it. I took some code from JustUncleL
to make it not so hideous. Trailing Stops are turned off, stop losses are turned off (you really don't need them with this), and this is currently a Long/Short strategy, the Longs Only and Shorts Only options are broken right now, I'm tired and you guys can either fix it yourselves or deal with it like this for now.
Hint: If you wanna use this as a long-only strategy just have AV close your buy orders whenever a short is triggered.
CoryT's Noro's IchimokuA few months ago I took Noro's Ichimoku Cloud and used the AV bot template to throw stops on it. I took some code from JustUncleL
to make it not so hideous. Trailing Stops are turned off, stop losses are turned off (you really don't need them with this), and this is currently a Long/Short strategy, the Longs Only and Shorts Only options are broken right now, I'm tired and you guys can either fix it yourselves or deal with it like this for now.
Hint: If you wanna use this as a long-only strategy just have AV close your buy orders whenever a short is triggered.
Binque's Stop Loss IndicatorBinque's Stop Loss Indicator is a great way to visualize a trailing stop loss based on a percent from the high. i.e. If the high was $10 of a trading day and your stop loss was set at 5% (percent) then your chart would show a small dot 5% below the high of the day. This is a great way to quickly see a trailing stock idea. Change the color to match your back ground. Adjust your trailing stop loss to fit your trading style.
Note: This indicator is calculated off of the daily high.
3 Duck's Trading System from Babypips.comThe 3 Duck's Trading System from Babypips.com
The 3 Duck's Trading System is the most popular and active trading system thread on the the babypips.com forum. It is a system that is mainly for beginners because it teaches you discipline, learning to cope with price moving against your position and learning to stay in a trade and keep profits running. For the thread and more info on the 3 Duck's Trading System click here
How does it work?
The system is a very simple enter/exit based on the 60 SMA of 3 different time frames: 4 hour, 1 hour and 5 minute.
The Rules, er, the Ducks! The Ducks must all be in a row for a trade to take place!
Duck 1 - To go long, price must be above the 60 SMA on the 4 hour chart.
Duck 2 - To go long, price must be above the 60 SMA on the 1 hour chart.
Duck 3 - To go long, price must cross above the 60 SMA on the 5 minute chart and the 60 SMA of the 5 minute chart must be below that of the 4 hour and 1 hour chart. (obviously the reverse for shorting)
YOU MUST USE THIS SYSTEM ONLY ON THE 5 MINUTE CHART.
I say this because I have already charted all of the Ducks into the 5 minute chart so you don't have to flip back and forth.
I have also added some inputs for profit targets, stop targets, trailing stops and times to trade for backtesting.
If you have any questions or comments, please let me know! If you see I messed up on something, please let me know!
Also a VERY special thanks to the babypips.com user Captain_Currency . He wrote this strategy 10 years ago (2007 was 10 years ago?!) and he is still active on the thread and posting results and offering help!
Open Close Cross Strategy R5 revised by JustUncleLThis revision is an open Public release, with just some minor changes. It is a revision of the Strategy "Open Close Cross Strategy R2" originally published by @JayRogers.
*** USE AT YOUR OWN RISK ***
JayRogers : "There are drawing/painting issues in pinescript when working across resolutions/timeframes that I simply cannot fix here.. I will not be putting any further effort into developing this until such a time when workarounds become available."
NOTE: Re-painting has not been observed with the default set up, nor with Alternate resolution multiplier up to 5.
Description:
Strategy based around Open-Close Moving Average Crossovers optionally from a higher time frame.
Setup:
I have generally found that setting the strategy resolution to 3-5x that of the chart you are viewing tends to yield the best results, regardless of which MA option you may choose (if any) BUT can cause a lot of false positives - be aware of this. JustUncleL: using one of the Smoothed MA helps reduce false positives.
Don't aim for perfection. Just aim to get a reasonably snug fit with the O-C band, with good runs of green and red. JustUncleL: using SMMA (8 to 10) gives a good fit.
Option to either use basic open and close series data, or pick your poison with a wide array of MA types.
Optional Stop Loss and Target Profit for damage mitigation if desired (can be toggled on/off)
Positions get taken automatically following a crossover - which is why it's better to set the resolution of the script greater than that of your chart, so that the trades get taken sooner rather than later.
If you make use of the stops/target profit, be sure to take your time tweaking the values. Cutting it too fine will cost you profits but keep you safer, while letting them loose could lead to more draw down than you can handle.
Revsion R5 Changes by JustUncleL
Corrected cross over calculations, sometimes gave false signals.
Corrected Alternate Time calculation to allow for Daily,Weekly and Monthly charts.
Open Public release.
Revision R4 By JustUncleL
Change the way the Alternate resolution in selected, use a Multiplier of the base Time Frame instead, this makes it easy to switch between base time frames.
Added TMA and SSMA moving average options. But DEMA is still giving the best results.
Using "calc_on_every_tick=false" ensures results between back testing and real time are similar.
Added Option to Disable the coloring of the bars.
Updated default settings.
R3 Changes by JustUncleL:
Returned a simplified version of the open/close channel, it shows strength of current trend.
Added Target Profit Option.
Added option to reduce the number of historical bars, overcomes the too many trades limit error.
Simplified the strategy code.
Removed Trailing Stop option, not required and in my option does not work well in Trading View, it also gives false and unrealistic performance results in back testing.
R2 Changes by @JayRogers:
Simplified and cleaned up plotting, now just shows a Moving Average derived from the average of open/close.
Tried very hard to alleviate painting issues caused by referencing alternate resolution.
CM_Parabolic SAREnhanced Parabolic Sar
Simply Enhances Default Parabolic SAR by creating Two Color Options, One for UpTrend, Other for DownTrend
Ability To Turn On/Off The Up Trending Parabolic SAR, And The Down Trending Parabolic SAR
Great Indicator For Trailing Stops.
SuperTrend (Custom)The SuperTrend indicator is a volatility-based trend-following tool. It uses the Average True Range (ATR) to gauge market volatility and combines it with a user-defined multiplier to calculate dynamic support and resistance levels. When the price closes above the SuperTrend line, the line turns green to signal an uptrend; if the price closes below, the line turns red to indicate a downtrend. By adjusting the ATR period and multiplier, traders can fine-tune the indicator’s sensitivity—shorter periods and smaller multipliers produce tighter trailing stops, while longer periods and larger multipliers yield wider stops to accommodate volatile markets.
Trend Magic EMA RMI Trend Sniper📌 Indicator Name:
Trend Magic + EMA + MA Smoothing + RMI Trend Sniper
📝 Description:
This is a multi-functional trend and momentum indicator that combines four powerful tools into a single overlay:
Trend Magic – Plots a dynamic support/resistance line based on CCI and ATR.
Helps identify trend direction (green = bullish, red = bearish).
Acts as a trailing stop or dynamic level for trade entries/exits.
Exponential Moving Average (EMA) – Smooths price data to highlight the underlying trend.
Customizable length, source, and offset.
Serves as a trend filter or moving support/resistance.
MA Smoothing + Bollinger Bands (Optional) – Adds a secondary smoothing filter based on your choice of SMA, EMA, WMA, VWMA, or SMMA.
Optional Bollinger Bands visualize volatility expansion/contraction.
Great for spotting consolidations and breakout opportunities.
RMI Trend Sniper – A momentum-based system combining RSI and MFI.
Highlights bullish (green) or bearish (red) conditions.
Plots a Range-Weighted Moving Average (RWMA) channel to gauge price positioning.
Provides visual BUY/SELL labels and optional bar coloring for fast decision-making.
📊 Uses & Trading Applications:
✅ Trend Identification: Spot the dominant market direction quickly with Trend Magic & EMA.
✅ Momentum Confirmation: RMI Sniper helps confirm whether the market has strong bullish or bearish pressure.
✅ Dynamic Support/Resistance: Trend Magic & EMA act as adaptive levels for stop-loss or trailing positions.
✅ Volatility Analysis: Optional Bollinger Bands show squeezes and potential breakout setups.
✅ Entry/Exit Signals: BUY/SELL alerts and color-coded candles make spotting trade opportunities simple.
💡 Best Use Cases:
Swing Trading: Follow Trend Magic + EMA alignment for higher probability trades.
Scalping/Intraday: Use RMI signals with bar coloring for quick momentum entries.
Trend Following Strategies: Ride trends until Trend Magic flips direction.
Breakout Trading: Watch for price closing outside the Bollinger Bands with RMI confirmation.
QZ Trend (Crypto Edition) v1.1a: Donchian, EMA, ATR, Liquidity/FThe "QZ Trend (Crypto Edition)" is a rules-based trend-following breakout strategy for crypto spot or perpetual contracts, focusing on following trends, prioritizing risk control, seeking small losses and big wins, and trading only when advantageous.
Key mechanisms include:
- Market filters: Screen favorable conditions via ADX (trend strength), dollar volume (liquidity), funding fee windows, session/weekend restrictions, and spot-long-only settings.
- Signals & entries: Based on price position relative to EMA and EMA trends, combined with breaking Donchian channel extremes (with ATR ratio confirmation), plus single-position rules and post-exit cooldowns.
- Position sizing: Calculate positions by fixed risk percentage; initial stop-loss is ATR-based, complying with exchange min/max lot requirements.
- Exits & risk management: Include initial stop-loss, trailing stop (tightens only), break-even rule (stop moves to entry when target floating profit is hit), time-based exit, and post-exit cooldowns.
- Pyramiding: Add positions only when profitable with favorable momentum, requiring ATR-based spacing; add size is a fraction of the base position, with layers sharing stop logic but having unique order IDs.
Charts display EMA, Donchian channels, current stop lines, and highlight low ADX, avoidable funding windows, and low-liquidity periods.
Recommend starting with 4H or 1D timeframes, with typical parameters varying by cycle. Liquidity settings differ by token; perpetuals should enable funding window filters, while spot requires "long-only" and matching fees. The strategy performs well in trends with quick stop-losses but faces whipsaws in ranges (filters mitigate but don’t eliminate noise). Share your symbol and timeframe for tailored parameters.
Deadband Hysteresis Filter [BackQuant]Deadband Hysteresis Filter
What this is
This tool builds a “debounced” price baseline that ignores small fluctuations and only reacts when price meaningfully departs from its recent path. It uses a deadband to define how much deviation matters and a hysteresis scheme to avoid rapid flip-flops around the decision boundary. The baseline’s slope provides a simple trend cue, used to color candles and to trigger up and down alerts.
Why deadband and hysteresis help
They filter micro noise so the baseline does not react to every tiny tick.
They stabilize state changes. Hysteresis means the rule to start moving is stricter than the rule to keep holding, which reduces whipsaw.
They produce a stepped, readable path that advances during sustained moves and stays flat during chop.
How it works (conceptual)
At each bar the script maintains a running baseline dbhf and compares it to the input price p .
Compute a base threshold baseTau using the selected mode (ATR, Percent, Ticks, or Points).
Build an enter band tauEnter = baseTau × Enter Mult and an exit band tauExit = baseTau × Exit Mult where typically Exit Mult < Enter Mult .
Let diff = p − dbhf .
If diff > +tauEnter , raise the baseline by response × (diff − tauEnter) .
If diff < −tauEnter , lower the baseline by response × (diff + tauEnter) .
Otherwise, hold the prior value.
Trend state is derived from slope: dbhf > dbhf → up trend, dbhf < dbhf → down trend.
Inputs and what they control
Threshold mode
ATR — baseTau = ATR(atrLen) × atrMult . Adapts to volatility. Useful when regimes change.
Percent — baseTau = |price| × pctThresh% . Scale-free across symbols of different prices.
Ticks — baseTau = syminfo.mintick × tickThresh . Good for futures where tick size matters.
Points — baseTau = ptsThresh . Fixed distance in price units.
Band multipliers and response
Enter Mult — outer band. Price must travel at least this far from the baseline before an update occurs. Larger values reject more noise but increase lag.
Exit Mult — inner band for hysteresis. Keep this smaller than Enter Mult to create a hold zone that resists small re-entries.
Response — step size when outside the enter band. Higher response tracks faster; lower response is smoother.
UI settings
Show Filtered Price — plots the baseline on price.
Paint candles — colors bars by the filtered slope using your long/short colors.
How it can be used
Trend qualifier — take entries only in the direction of the baseline slope and skip trades against it.
Debounced crossovers — use the baseline as a stabilized surrogate for price in moving-average or channel crossover rules.
Trailing logic — trail stops a small distance beyond the baseline so small pullbacks do not eject the trade.
Session aware filtering — widen Enter Mult or switch to ATR mode for volatile sessions; tighten in quiet sessions.
Parameter interactions and tuning
Enter Mult vs Response — both govern sensitivity. If you see too many flips, increase Enter Mult or reduce Response. If turns feel late, do the opposite.
Exit Mult — widening the gap between Enter and Exit expands the hold zone and reduces oscillation around the threshold.
Mode choice — ATR adapts automatically; Percent keeps behavior consistent across instruments; Ticks or Points are useful when you think in fixed increments.
Timeframe coupling — on higher timeframes you can often lower Enter Mult or raise Response because raw noise is already reduced.
Concrete starter recipes
General purpose — ATR mode, atrLen=14 , atrMult=1.0–1.5 , Enter=1.0 , Exit=0.5 , Response=0.20 . Balanced noise rejection and lag.
Choppy range filter — ATR mode, increase atrMult to 2.0, keep Response≈0.15 . Stronger suppression of micro-moves.
Fast intraday — Percent mode, pctThresh=0.1–0.3 , Enter=1.0 , Exit=0.4–0.6 , Response=0.30–0.40 . Quicker turns for scalping.
Futures ticks — Ticks mode, set tickThresh to a few spreads beyond typical noise; start with Enter=1.0 , Exit=0.5 , Response=0.25 .
Strengths
Clear, explainable logic with an explicit noise budget.
Multiple threshold modes so the same tool fits equities, futures, and crypto.
Built-in hysteresis that reduces flip-flop near the boundary.
Slope-based coloring and alerts that make state changes obvious in real time.
Limitations and notes
All filters add lag. Larger thresholds and smaller response trade faster reaction for fewer false turns.
Fixed Points or Ticks can under- or over-filter when volatility regime shifts. ATR adapts, but will also expand bands during spikes.
On extremely choppy symbols, even a well tuned band will step frequently. Widen Enter Mult or reduce Response if needed.
This is a chart study. It does not include commissions, slippage, funding, or gap risks.
Alerts
DBHF Up Slope — baseline turns from down to up on the latest bar.
DBHF Down Slope — baseline turns from up to down on the latest bar.
Implementation details worth knowing
Initialization sets the baseline to the first observed price to avoid a cold-start jump.
Slope is evaluated bar-to-bar. The up and down alerts check for a change of slope rather than raw price crossings.
Candle colors and the baseline plot share the same long/short palette with transparency applied to the line.
Practical workflow
Pick a mode that matches how you think about distance. ATR for volatility aware, Percent for scale-free, Ticks or Points for fixed increments.
Tune Enter Mult until the number of flips feels appropriate for your timeframe.
Set Exit Mult clearly below Enter Mult to create a real hold zone.
Adjust Response last to control “how fast” the baseline chases price once it decides to move.
Final thoughts
Deadband plus hysteresis gives you a principled way to “only care when it matters.” With a sensible threshold and response, the filter yields a stable, low-chop trend cue you can use directly for bias or plug into your own entries, exits, and risk rules.
VWAP Price ChannelVWAP Price Channel cuts the crust off of a traditional price channel (Donchian Channel) by anchoring VWAPs at the highs and lows. By doing this, the flat levels, characteristic of traditional Donchian Channels, are no more!
Author's Note: This indicator is formed with no inherent use, and serves solely as a thought experiment.
> Concept
I would be hesitant to call this a "predictive" indicator, however the behavior of it would suggest it could be considered at least partially predictive
Essentially, the Anchored VWAPs creates something from otherwise nothing.
While the DC upper or lower values are staying flat, the VWAPs improvise based on price and volume to project a level that may be a better representation of where future highs or lows may settle.
Visually, this looks like we have cut off the corners of the Donchian Channel.
Note: Notice how we are calculating values before the corners are realized.
> Implementation
While this is only a concept indicator, The specific application I've gone with for this, is a sort of supertrend-ish display (A Trend Flipping Trailing Stop Loss).
The script uses basic logic to create a trend direction, and then displays the Anchored VWAPs as a form of trailing stop loss.
While "In Trend", the script fills in the area between the VWAP and Price in the direction of trend.
When new highs or lows are made while in trend, the opposite VWAP will start to generate at the new highs or lows. These happen on every new high or low, so they are not indicating the trend shift, but could be interpreted as breakout levels for the current trend direction in order for continuation.
Note: All values are drawn live, but when using higher timeframes, there is a natural calculation discrepancy when using live data vs. historical.
> Technicals
In this script, I'm simply detecting new highs or lows from the DC and using those as the anchor frequency on the built-in VWAP function.
So each time a new high or low is made based on DC, the VWAP function re-anchors to the high or low of the candle.
Past that, I have implemented some logic in order to account for a common occurrence I faced during development.
Frequently, the price would outpace the anchored VWAP, so we would end up with the VWAP being further from price than the actual DC upper or lower.
Due to this, what I have ended up with was a third value which, rather than switching between raw VWAP values and DC values, it adjusts the value based on the change in the VWAP value.
This can be simply thought of as a "Start + Change" type of setup.
By doing this, I can use the change values from the actual anchored VWAP, and under normal conditions, this will also be the true VWAP value.
However, situationally, I am able to update the start value which we're applying the VWAP change to.
In other words, when these situations happen, the VWAP change is added to the new (closer to price) DC value.
The specific trend logic being used is nothing fancy at all, we are simply checking if a new high or low is created and setting the trend in that direction.
This is in line with some traditional DC Strategies.
To those who made it here,
Just remember:
The chart may be ugly, but it's the fastest analysis of the data you can get.
Nicer displays often come at the hidden cost of latency.
You have to shoot your shot to make it.
Choose 2: Fast, Clean, Useful
Enjoy!
Kitti-Playbook ATR Study R0
Date : Aug 22 2025
Kitti-Playbook ATR Study R0
This is used to study the operation of the ATR Trailing Stop on the Long side, starting from the calculation of True Range.
1) Studying True Range Calculation
1.1) Specify the Bar graph you want to analyze for True Range.
Enable "Show Selected Price Bar" to locate the desired bar.
1.2) Enable/disable "Display True Range" in the Settings.
True Range is calculated as:
TR = Max (|H - L|, |H - Cp|, |Cp - L|)
• Show True Range:
Each color on the bar represents the maximum range value selected:
◦ |H - L| = Green
◦ |H - Cp| = Yellow
◦ |Cp - L| = Blue
• Show True Range on Selected Price Bar:
An arrow points to the range, and its color represents the maximum value chosen:
◦ |H - L| = Green
◦ |H - Cp| = Yellow
◦ |Cp - L| = Blue
• Show True Range Information Table:
Displays the actual values of |H - L|, |H - Cp|, and |Cp - L| from the selected bar.
2) Studying Average True Range (ATR)
2.1) Set the ATR Length in Settings.
Default value: ATR Length = 14
2.2) Enable/disable "Display Average True Range (RMA)" in Settings:
• Show ATR
• Show ATR Length from Selected Price Bar
(An arrow will point backward equal to the ATR Length)
3) Studying ATR Trailing
3.1) Set the ATR Multiplier in Settings.
Default value: ATR Multiply = 3
3.2) Enable/disable "Display ATR Trailing" in Settings:
• Show High Line
• Show ATR Bands
• Show ATR Trailing
4) Studying ATR Trailing Exit
(Occurs when the Close price crosses below the ATR Trailing line)
Enable/disable "Display ATR Trailing" in Settings:
• Show Close Line
• Show Exit Points
(Exit points are marked by an orange diamond symbol above the price bar)
Smart Impulse Exhaustion Finder (ATR + ADX Filter)📌 Purpose
This indicator detects potential exhaustion of strong bullish or bearish impulses at fresh swing highs/lows by combining multiple price action and volatility-based filters.
🧠 How It Works
A signal is triggered only when all core conditions are satisfied:
1. Swing High/Low Detection
Current high (or low) must be the highest (or lowest) over the last Extremum Lookback bars (default: 50).
This ensures the move is significant relative to recent price action.
2. Impulse Confirmation
Price must extend by at least 1 × ATR from the previous swing point.
This filters out minor fluctuations.
3. Exhaustion Conditions (at least 2 out of 3 must be met)
RSI Extreme: RSI > Overbought Level (default: 80) for bearish signals, RSI < Oversold Level (default: 20) for bullish signals.
Volume Spike: Volume > SMA(Volume, Volume SMA Length) × Volume Spike Multiplier.
Candle Wick Rejection: Upper wick ≥ Wick Threshold % for bearish setups, Lower wick ≥ Wick Threshold % for bullish setups.
4. Trend Filter
ADX > ADX Threshold ensures the market is trending and filters out sideways conditions.
5. Candle Body Filter
Candle body must be ≥ Body Size ATR Factor × ATR.
This avoids weak signals from small candles or doji formations.
📈 How to Use
Bearish Signal:
Appears at fresh swing highs with exhaustion conditions met. Useful for tightening stops, taking partial profits, or counter-trend shorts.
Bullish Signal:
Appears at fresh swing lows with exhaustion conditions met. Useful for trailing stops, profit-taking, or counter-trend longs.
Recommended Timeframes: Works best on 1h, 4h, and Daily charts.
Markets: Crypto, Forex, Stocks — wherever volatility and trends are present.
⚙️ Inputs
RSI Length / Overbought / Oversold
Volume SMA Length & Volume Spike Multiplier
Wick Threshold %
Extremum Lookback (bars for highs/lows)
ADX Length & Threshold
Body Size ATR Factor
⚠️ Disclaimer
This script is for educational purposes only and does not constitute financial advice.
Always test thoroughly and apply proper risk management before live trading.
💡 Tip: Combine this tool with your own market context and confluence factors for higher probability setups.
