//All code picked from many indicators, if you recognize your code, pls comment so people can see your awesome work! I only edited and added them all together so people don't use all their indicator slots. Hope this indicator helps as many people as it can. LFG!!!
AO (Awesome Oscillator) Useful to find potential reversals in trend.
MOM (Momentum) An oscillator that measures momentum.
ATR (Average True Range) Measures the upside and downside from the average price movement occuring. 1 ATR is the general measurement. Many traders use 2ATR to set a stop and 4ATR to set take profit from their entry based on current reading from the ATR.
SQZ ( TTM Squeeze) Measures when bollinger bands have left the interior of the Keltner Channel in an attempt to predict volatility thats about to happen to either side. Green = Move is probably about to happen.
TTM Waves ( Waves A, B, and C) Measure the previous candles to determine chop, positive or negative trends. C measures the previous 30 candles or so, B the last 15 or so, and A measures the last 8 or so. You can use all three or just one. You can sneak in a move if the 2 fastest ones have moved into your preferred area. (Positive or Negative) If the wave is not fully positve or negative then that is probably chop.
Thanks for this - very helpful combination of indicators!
RUTrading
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IS it possible to add ATR levels on your indicator to the downside too?
PenguinCrypticdotEth
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@RUTrading, The ATR measures upside and downside. So if you'd like to measure a downside, subtract the numbers you see on the ATR instead of adding them. Generally, traders will use the 2*ATR as a stop and 4*ATR for the take profit (2:1 Ratio) to whichever side they decide to trade. You can always change the ATR numbers in the settings if needed.
RUTrading
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@PenguinCryptic, Thanks for your reply. I tried putting a minus sign in front of the ATR number, but it won't accept it and reverts back to the original setting when I click enter. I also tried to decrease the numbers with the arrows next to the ATR numbers in the settings, but it won't go below 0.
PenguinCrypticdotEth
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@RUTrading, I should've been more clear. You have to manually subtract the ATR numbers you see on the screen. For example if the ATR reads 400, you take your planned entry price minus 400 on a calculator and that is your negative amount. Sorry if I did not explain myself correctly the first time.
RUTrading
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@PenguinCryptic, Got it now. Thanks so much. Appreciate the clarification. Also, thanks for the guidance on the 2 ATR stop and 4 ATR profit target. Much appreciated.