The same as the original Supertrend 1.0 indicator except I have added alerts and set the bar colour based on the trend. Original code is here:
Plots three Average True Range channels as described in Alexander Elder's "The New Trading for a Living". You can adjust the EMA and ATR days that are the basis of these channels. This is my first script – happy to get any feedback on this! Thanks :)
The ATR Up indicator shows increased volatility for the period. You can use it to filter your trades.
EXPERIMENTAL: Envelope range weighed by rsi and atr.
Script highlights signal bars for tfc3.ru school trading strategy. Working timeframe D.
Calculates the Average Daily Range for the past 14 days high - low.
A simple yet configurable indicator that shows recent traffic volumes. The time period is specified as weeks/days/hours/minutes, not as bars. Set the volume period to non-zero if you want to use a generalized double EMA instead of plain. The "ratio" option will show the size of the current volume compared to the average volume as computed for the specified time...
A simple yet configurable indicator that shows recent traffic volumes. The time period is specified as weeks/days/hours/minutes, not as bars. Set the volume period to non-zero if you want to use a generalized double EMA instead of plain. The ratio option will show the size of the current volume compared to the volume in the specified time period (expect to see...
I am republishing this indicator as something changed within TradingView's script engine so that the old script ceased to function ( a minor syntax error that used to be acceptable but no longer is). Anyhow here's the fixed version which as you can see has done a great job of keeping us on the right side of the trend with once-hot stocks like Skyworks !
Plots a band of width 1 ATR around the midpoint (HL2) Settings: - Length of ATR
What about to display Stochastic Oscilator in EMA-ATR Bands? If you like the idea I would code advanced version
Overlays the Average True Range high/low over Price. Shifts between support and resistance levels (based on ATR-21) according to price trend and breaks. Average true range: en.wikipedia.org @EmpoweredTrader
EXPERIMENTAL: Experiment using Linear Regression based on %atr for decay(decay option is a mutiplier for the atr).
These 3 indicators can be really useful. The usage is fairly straightforward, if you understand price action, having an statistical edge like these provide can be useful. Refer to Tim West's charts to learn more about range expansion bars. The idea for the Atr% and Atr timer come from discussions I had with Yacine Kanoun, props to him for his contribution.
This is ATR in pips. This was requested by user @ElixiumCapital. ATRPIPs in his words: "ATR PIPs is useful for finding markets with your desired amount of volatility, for example I prefer to trade forex pairs with the highest amount of volatility in the past 5 days, setting the length parameter to 5 days. And setting my stop loss at 25% to 33% of the the...