OPEN-SOURCE SCRIPT
TICKFLOW_FUTURES-ATR-ZONES
The TICKFLOW_FUTURES-ATR-ZONES script is a dynamic indicator designed to help traders identify key zones of price action based on ATR (Average True Range) and Bollinger Bands. This script combines customizable moving averages, volatility-based bands, and trend slope calculations to provide a clear visual framework for analyzing trends, detecting potential reversals, and identifying high-probability buy/sell zones.
Key Features:
Dynamic ATR Zones:
Upper and lower bands are calculated using ATR and adjusted dynamically based on the visible price range, ensuring alignment with current market conditions.
Slope-Based Color Coding:
The middle line (moving average) dynamically changes its color based on the slope to indicate bullish, bearish, or neutral trends.
Bollinger Band Squeeze Detection:
Highlights periods of price contraction using Bollinger Band width, helping identify potential breakout setups.
Buy and Sell Signals:
Displays visual markers (BUY/SELL) based on slope changes and price action relative to the dynamic middle line.
Customizable Inputs:
Includes options to adjust ATR multiplier, Bollinger Band settings, moving average type, slope lookback period, and color preferences.
Visual Zones:
Shaded areas representing ATR-based upper and lower zones for a clear and intuitive price action framework.
Usage Instructions:
Clean Chart:
Use the script on a clean chart for best results. This ensures that the plotted zones, lines, and markers are easily interpretable without interference.
Understanding the Components:
The middle line represents the selected moving average type, providing the directional bias.
Upper and lower zones indicate potential reversal or continuation levels based on ATR.
BUY/SELL markers suggest trend initiation points but should be confirmed with additional analysis.
Customization:
Adjust input parameters (e.g., ATR multiplier, Bollinger Band settings) to fit your trading style and market conditions.
Important Notes:
This script works as a standalone tool and does not require other indicators to function.
Avoid using it with additional scripts on the same chart unless explicitly needed and described in your analysis.
Key Features:
Dynamic ATR Zones:
Upper and lower bands are calculated using ATR and adjusted dynamically based on the visible price range, ensuring alignment with current market conditions.
Slope-Based Color Coding:
The middle line (moving average) dynamically changes its color based on the slope to indicate bullish, bearish, or neutral trends.
Bollinger Band Squeeze Detection:
Highlights periods of price contraction using Bollinger Band width, helping identify potential breakout setups.
Buy and Sell Signals:
Displays visual markers (BUY/SELL) based on slope changes and price action relative to the dynamic middle line.
Customizable Inputs:
Includes options to adjust ATR multiplier, Bollinger Band settings, moving average type, slope lookback period, and color preferences.
Visual Zones:
Shaded areas representing ATR-based upper and lower zones for a clear and intuitive price action framework.
Usage Instructions:
Clean Chart:
Use the script on a clean chart for best results. This ensures that the plotted zones, lines, and markers are easily interpretable without interference.
Understanding the Components:
The middle line represents the selected moving average type, providing the directional bias.
Upper and lower zones indicate potential reversal or continuation levels based on ATR.
BUY/SELL markers suggest trend initiation points but should be confirmed with additional analysis.
Customization:
Adjust input parameters (e.g., ATR multiplier, Bollinger Band settings) to fit your trading style and market conditions.
Important Notes:
This script works as a standalone tool and does not require other indicators to function.
Avoid using it with additional scripts on the same chart unless explicitly needed and described in your analysis.
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Feragatname
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