This ATR + PSAR Trailing Stop indicator is unique. It comes with new ways of calculating ATR and PSAR to enhance performance and accuracy as well as give clarity in trends. The indicator can be used standalone or as a part of your current trading strategy.
ATR + PSAR Trailing Stop (Expo) is a trailing stop indicator that combines ATR and PSAR to enhance the calculation of the trailing stop. This indicator works well in all types of markets, for example, in a trading range or in a trending market, etc.
The user can choose between the following ATR Settings:
Quick ATR
Adaptive ATR
Follow the price closely - ATR
Standard ATR
Trend ATR The user can enable Trend ATR which displays the overall market structure. If the Trend ATR line is above the price we have a negative market structure, and if the Trend ATR line is below the price we have a positive market structure.
Real-time
No repainting
Works on any market and in any timeframe
HOW TO USE
- Use the ATR + PSAR Trailing Stop as a stop-loss. - Use the indicator for taking a position when price crosses the ATR trailing line or taking a position when price crosses the PSAR circles. - Use the indicator to identify the current market structure and trend.
The indicator can be used standalone or as a part of your current trading strategy.
INDICATOR IN ACTION
1-hour chart
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
----------------- Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
I'm starting to play with this and so far look really promising. Good move included the cloud. Thanks
rjulien_
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Great product! Love this indicator so far! I recently purchased the Pro Plus plan. I'll write reviews for the rest of the indicators once I backtest! I am looking forward to reviewing all indicators and potential referrals to my trading team.
Zeiierman
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@rjulien_, Thanks :) I'm glad that the indicator brings value to your trading! Looking forward to your feedback.
Best
smultrontrader
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So far so good. I have tried the indicator and the signals work very well in all market conditions. The ATR and PSAR trialing stop makes my trading much easier and has consistently made profits using it. I made my money back on the first day. Coupled with Zeiierman's reversal bands and Zones it becomes impossible to not spot good trades. I strongly recommend these indicators.
Micke1990
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This a very good profitable strategy. Very appreciated that you shared this with us. Thank you so much!
Highly recommended.
BradySchultz
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This indicator is actually kind of wild!! So many different ways to use it for volatility purposes. Goes VERY well with anyone who trades with ichimoku
Zeiierman
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@BradySchultz, Thanks, I'm glad that you like the script :)
nprincess
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I have tried a lot of indicators and strategies out there, and this one is the most accurate of them all. The signals works very well. It's a must have indicator and a no-brainer in my opinion. Great work Zeiierman. I recommend
xorics
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Hi, this indicator is the best and most useful for me so far and it helps me getting more profitable when trading. I'm pleased to see more content of you. Keep up the good work!
Johnolofs
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Perfect to use in several markets. I have actually increased my capital a lot thx to you. That I love the most about this one is the cloud shifting.