OPEN-SOURCE SCRIPT

ATR by Time [QuantVue]

"ATR by Time" incorporates time-specific volatility patterns by calculating the Average True Range (ATR) over a customizable period and comparing it to historical ATR values
at specific times of the day.

The Average True Range (ATR) is a popular technical indicator that measures market volatility by decomposing the entire range of an asset price for that period.

By taking the ATR at certain times of the day and comparing it to the current bar's ATR, traders can gain several potential advantages:

Volatility Pattern Recognition: Different times of the trading day often exhibit different levels of volatility. For instance, markets might be more volatile at the open and close compared to midday. By tracking ATR at specific times, traders can recognize these patterns and better predict periods of high or low volatility.

anlık görüntü

Risk Management: Understanding volatility trends throughout the day helps in better risk management. During periods of high expected volatility (indicated by higher ATR compared to the historical average), traders can adjust their stop-loss levels and position sizes accordingly to protect their capital.

Trend Confirmation and Divergence: This indicator can help confirm trends or identify potential reversals. For example, if the current ATR consistently exceeds the average ATR at specific times, it may confirm a strong trend. Conversely, if the current ATR falls below the historical average, it could signal a potential slowdown or reversal.

anlık görüntü

This indicator will work on all markets on all time frames. User can customize ATR length as well as the lookback period.

This script utilizes TradingView's RelativeValue library and averageAtTime function, which is used to compare a current data point in a time interval to an average of data points with corresponding time offsets across historical periods. Its purpose is to assess the significance of a value by considering the historical context within past time intervals.

Give this indicator a BOOST and COMMENT your thoughts!

We hope you enjoy.

Cheers!
ATRAverage True Range (ATR)quantvuevolatilityindex

Açık kaynak kodlu komut dosyası

Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının yazarı komut dosyasını açık kaynak olarak yayınlamıştır, böylece yatırımcılar betiği anlayabilir ve doğrulayabilir. Yazar çok yaşa! Ücretsiz olarak kullanabilirsiniz, ancak bu kodun yayında yeniden kullanımı Ev kurallarına tabidir. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.

Bu komut dosyasını bir grafikte kullanmak ister misiniz?


Get Access to the exclusive QuantVue indicators: quantvue.io/

Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3
Aynı zamanda::

Feragatname