ATR Trading SetupThis simple script base on function of ATR Trailing Stop (aka SuperTrend) to plot Trading Setup on chart with detail as below:
1. Type of Average True Range (ATR)
+ The function calculate ATR may base on 1 of 3 type of Average: RMA, SMA, EMA
2. Trading Setup
2.1 Long setup
+ SuperTrend is upTrend
+ Entry Long at (or below) last value ATR Trailing Stop of Previous Trend (DownTrend)
+ Stop loss at first value ATR Trailing Stop of now Trend (upTrend)
+ Take profit at first value ATR Trailing Stop of Previous Trend (downTrend)
+ Move stop loss follow ATR Trailing Stop (green dot)
2.1 Short setup
+ SuperTrend is downTrend
+ Entry Short at (or above) last value ATR Trailing Stop of Previous Trend (upTrend)
+ Stop loss at first value ATR Trailing Stop of now Trend (downTrend)
+ Take profit at first value ATR Trailing Stop of Previous Trend (upTrend)
+ Move stop loss follow ATR Trailing Stop (red dot)
Ortalama Gerçek Aralık (ATR)
Market structure intraday ES futures strategy - BuySell ZonesThis market structure strategy for ES Mini Futures optimized for intraday market analysis ( RTH ).
Entry condition identified by bearish and bullish market structure.
Support level (Green Lines) is identified based on different variations of price fluctuations followed by the close above the range.
Resistance level (Red Lines) is identified based on different variations of price fluctuations followed by the close below the range.
The idea is to spot areas where market players were fighting for the best price and one side finally won.
Bullish trend is identified by consecutive series of support levels developing in upside direction.
Bearish trend is identified by consecutive series of resistance levels developing in downside direction.
When market develops bullish trend , strategy sets LONG limit order at fresh support level .
When market develops bearish trend , strategy sets SHORT limit order at fresh resistance level .
If there is an open position no new entries are performed.
For longs initial stop is set at previous support level adjusted by ATR.
For shorts stop is set at previous resistance level adjusted by ATR.
Stop trailing is also based on market structure.
If new support level is identified, stop moves to previous support level .
If new resistance level is identified, stop moves to previous resistance level .
There are no target. Strategy either gets stopped at current stop level or exits at session end.
Strategy calculates position size based on the previous market structure and ATR.
Strategy performs compounding position sizing so as account amount increases so does amount of traded contracts.
Usage:
Add script to your favorites and apply it on ES1! 1 minute time frame setting regular trading hours.
Script will print the limit order as well as stop levels according to the rules described above. As trade will progress, script will print levels to move the stop to.
Settings:
I added an option to disable the support and resistance lines printing if you prefer to have clean charts.
You can also change risk % to best fit your trading style.
If you just want to use the support and resistance levels as indicator you can also disable the strategy execution.
Support and Resistance indicator itself is universal and can be used on any market or timeframe.
If you want the strategy to be optimized for other markets or timeframes or have other rule set in mind feel free PM me, we will create the solution that best fits your needs and styles.
Real life trading is not get rich scheme. It is continuous process that involves various steps and dedication. If you are willing to take this path please PM me to enable the strategy for you.
Enjoy!
4c ATR ThresholdThe 4C ATR Threshold is a simple indicator that paints the chart background red when the ATR goes below the user defined ATR minimum.
Some trading setups have specific criteria that require a minimum ATR on a certain timeframe for the instrument to be playable.
The painting of the chart background based on the ATR value is useful as a quick visual reference.
The minimum ATR value can be adjusted to any specific level for any timeframe.
If the ATR dips below the user defined minimum, the trader can quickly see that the ATR is below the minimum criteria, and should not trade that instrument (based on their personal trade criteria).
If the background is not painted by the indicator, then the ATR is above the user defined minimum.
Parts of this script used the default/stock Tradingview ATR indicator to build from.
Volatility indicator based on ATR Hello,
I'm sharing to you a volatility indicator I've done in the last few weeks based on ATR. There is multiple functionalities on this indicator, the first one is an overlay displaying when an asset is in an "overvolatily zone"
(displayed with red cross) and when we are in an "undervolatily zone" (displayed with green cross). You can change the sensibility of the signals in the parameters if you wish to have more or less greedy signals
(it will only modify the overvolatility signals). By the way those signals are not working for week-ends because volatility works differently on week-ends and it's not a good idea to count week-ends in the calculations, so do not worry if you see no signals on weekends.
Second part of the indicator is something I called "Atr bands" it's an equivalent to the famous Bollinger-Bands but based on ATR. I haven't backtested them yet but they seems really interesting in low ut
(15 mins seems to be the best ut for those) and they seems pretty bad in high ut so they can maybe be useful for low ut scalping.
Last thing, there is a parameter allowing you to display bands on the week-ends so you can easily see where the indicator won't give signals.
I would be really happy if I could have some feedsback if you try the indicator :)
Have a wonderful day
Strength ATR ADX v2This strategy looks for strong price movements with a high chance of a reversal on the difference in the rates of 6 currency pairs. A combination of ADX DI- and ATR is used for confirmation.
Added the ability to close trades by TP and SL to the strategy. (off by default)
Built-in martingale and reverse martingale (off by default)
The lot size is set in the strategy settings themselves!!!
The best results were obtained on XAUUSD 5M and on 1M cryptocurrency pairs.
4C ATR w/ Reference LineThe 4C ATR is a simple indicator that plots a horizontal line on the ATR indicator, which can be used as a minimum or maximum reference value.
Some trading setups have specific criteria that require a minimum ATR on a certain timeframe for the instrument to be playable. The horizontal line is useful as a quick visual reference, and can be adjusted to any specific level for any timeframe. If the ATR dips below the horizontal line, the trader can quickly see that the ATR is below the minimum criteria, and should not trade that instrument (based on their personal trade criteria).
This indicator also features a color change of the ATR line based on trend direction. If the ATR is trending up, it is painted blue, and if it starts to trend down, it is painted red. It uses a hidden simple moving average of the ATR, and the slope direction of the moving average paints the ATR line. The moving average length can be adjusted, and is set at a length of 8 for default. The ATR is set at a default value of 14.
Parts of this script used the default/stock Tradingview ATR indicator to build off of.
[BA] ATR Stop LineThis indicator helps you to set your stoploss levels by using ATR. Traders often use atr values in order to calculate their stoploss levels.
This indicator does the calculation for you and draw two tiny lines without messing up the chart so that you can easily see your stoploss levels and get an idea about the volatility and risk amount as well.
One line is below the last candle as a long trade stop loss level and the other one is above the last candle as a short trade stop loss level.
Calculation is simple:
For short trades, 2 times ATR added to last price;
For long trades, 2 times ATR subtracted from last price.
You can change ATR length, ATR multiplier and the line length.
Good luck.
Supertrend ATR Companion LinesThis is a full set of lines and labels for multi timeframe supertrend based ATRs that match the table in the Supertrend ATR Table indicator.
Each line and label can be individually switched on or off.
The labels have a default offset of -12 so they appear just to the right of the last bar but this is user configurable by input and so is the size of each label.
Please refer to the Supertrend ATR Table for a further description
Supertrend ATR TableThis is a multi timeframe table that shows a supertrend based ATR for timeframes from 5 minutes to monthly.
It is one half of a set of two indicators. This one is the table and the other one, Supertrend Lines Labels Full Set plots lines and labels.
The table is arranged left to right from shortest to highest timeframe
There are also alerts for each timeframe ATR that are best placed on a chart of 15 min or higher to avoid multiple repeat alerts within a short span of time.
One of the higher level uses is to track trend progression by seeing price move from timeframe ATR to another
User inputs cover colors, and how far in ticks "near" is defined as there are four colors in the table - up, down, up/near and down/near
The ATR settings are also changeable by user input
Long Term Heat/Volatility - Accumulation/Distribution v1This is a strategy specifically made for 1D BTC/USD with the aim of capturing cycle tops and bottoms. It's mainly based on two indicators: 21d average of ATR (volatility) and (BTC.price - 180d sma)/BTC.price (heat). The strategy only signals buys or sells after occurrences of high volatility, followed by extremely high or low heat values. It's optimized for utilizing accumulation and distribution at lower and higher prices respectively with respect to last 14 days. 2nd version will include dynamic dollar cost averaging during the accumulation and distribution periods.
Position Size Calc. (Risk Management Tool)Programmed this tool to help prevent overtrading.
Example of application:
Suppose you want to trade ETHUSDT on a 1 minute chart and you are only willing to risk $10 in one single trade. This way, if you get stopped out, then you will only lose $10. Say you are using ATR based stop loss at 2x current ATR to set the initial stop. All these variables are now fixed, so you must make an adjustment to the size of your position.
Quick illustration: Tolerable loss per trade is $10 , the current ATR of ETHUSDT is $4.06, the size of your stop is $8.12 (4.06*2), then your position size should be 1.2 ETH ($10/$8.12).
This script will constantly monitor the current ATR and display the optimal position size on chart. Tolerable loss (aka "Risk amount") is defined by user in settings. Lines showing the size of SL and TPs on chart are optional, it was added to the script to help users draw the long/short position measuring tools built into TradingView.
Other notes: Always consider market liquidity, size of bid-ask spreads, and the possibilities of gap ups/downs. It can never be guaranteed that stop market/limit orders will get filled at desirable prices. Actual stop losses might differ.
Volatility Cloud (SAR)Inspired by the Volatility Index from Wilder
Apply the SAR point to highs, lows ans medians and create a cloud of volatility
Godson Advanced Crossover ScriptThe Godson Advanced Crossover Script is advanced because it does two things
1: as a trend following indicator the script uses 2 VWAP ema's offset by 1 day(this is adjustable) and an ATR upper and lower band to find entries into larger trends.
2: it also allows you to setup alerts on a lower timeframe that follow a higher timeframe for example, if the 12hr is bearish(candles are red), you can trade shorts only in the 15min timeframe.
The script produces 3 signals
L: this is a long signal, this is signaled when the ema's crossover and the candle breakouts of the ATR bands, if the signal agrees with the upper trend
S: this is a short signal, it signals when the ema's crossunder and the candle breaks down of the ATR bands, if the signal agrees with the upper trend
H: this is for anything in-between, A is for apple, H is for Hedge.
you can set the upper trend timeframe to the same as the lower trend if you want all signals to alert
you can also turn the lines on or off if you need to visualize things
i will update this script as we progress
Bar By Bar ATR [upslidedown]After seeing strategy after strategy refer to calculating ATR values using a "calculator" (how barbaric!), I thought I'd take a stab at one possible solution to the "problem" as an overlay indicator on the main chart that replaces traditional standard ATR bands. This indicator presents ATR within a channel with a slick trick: invisible hover-able tooltips for you to know the ATR value for your strategy from bar to bar. Just zoom in and hover over the high ATR range and you'll see take profit and stop loss values for whatever strategy you might be running. I defaulted the indicator to a 1:1.5 ATR standard setup because that is good for many strategies but this is as configurable as you'd like to make it. One notable improvement for this indicator over standard ATR bands is that many existing ATR bands only use integers and this one uses a float value, so you can endlessly customize based on whatever strategy you might be running.
Note: Because labels are limited by default, the best way to historically see ATR values is to use TV's replay feature. I did this on purpose to limit resource usage. One could certainly print more labels but I felt it unnecessary to go beyond the default number of labels.
Minimalistic ATRI have a thing for efficiency, as I'm sure many of you do as well. One could say we are minimalist. As such, wasting precious chart space is absolutely unacceptable. Such precious commodity should only be used for things that are pleasing to the eye and mind. This minimalistic ATR filter will give you all the functions a regular ATR provide, without all the clutter of plotting on the chart. Enjoy
The height of cultivation always runs to simplicity.
Anna-LysaEspecially useful when using it for stocks in intraday screening for daytrading.
This gives you quick information about the volatility at the moment when you look at the stock.
The current range of the last candles (adjustable) is calculated so that you can stop based on the Vola.
In addition, the daily volume and daily range are calculated in the table and what is left of the average.
So that you can adjust your ideas for the movement in order to take profit. No matter what the timeframe, you can see how the volume compares to that of the previous few candles and thus anticipate the most likely breakout.
Then the most relevant day trading levels ( Premarkets, Lastday high/lows and some Ma´s ) are shown so that you can get a very fast overview of the stock at the moment.
All levels and labels and colors are adjustable or hidden in the settings.
Chandelier Exit - StrategyI created a strategy version for the Chandelier Exit indicator, originally owned by @everget . With the strategy I prepared, you can try both short-long and stop loss - trailing stop and take profit rates. I have also added a date filter feature so that you can test the strategy in the date range you want.
Orjinali @everget 'e ait olan Chandelier Exit indicator için strateji versiyonu oluşturdum. Hazırladığım strateji ile hem short-long deneyebilir hem de zarar durdur - takip eden stop ve kar al oranları denemeleri yapabilirsiniz. İstediğiniz tarih aralığında strateji testi yapabilmeniz için tarih filtre özelliği de ekledim.
ATR TREXTry to visualize TREX method.
-4 types of candle based on TR :
1. Spinning ( Candle < 0.8*ATR )
2. Standard ( 0.8*ATR < Candle < 1.2*ATR )
3. Long bar ( 1.2*ATR < Candle < 2.5*ATR )
4. Spike ( 2.5*ATR < Candle )
ATR length is different base on FRACTAL timeframes.
you can now find what is type of candle as colored ATR.
-Time frames :
1 Min
5 Min
15 Min
1 Hour
4 Hour
1 Day
1 Week
1 Month
I am working on TREX method and this indicator will change and improve . (V1.0)
Br
Amin
Hourly Bias on BTC in Bullish USA Session “Green Eagle”Name: Hourly Bias on BTC in Bullish USA Session
Category: Hourly Bias
Operating mode: Spot, only long
Trades duration: Intraday, 11 bars
Timeframe: 1H
Suggested usage: When the market is compressed, USA session has a bullish bias.
Entry: enter Long at 15:00 on specific days of the week. There is a volatility filter based on ATR which identifies compression.
Exit: exit at a pre-defined time at 01:00
Usage:
⁃ It can be useful to use alerts or webhooks to automate this strategy.
⁃ This is a core system that can be improved in different ways (e.g. Stop-loss, take-profit, position sizing) or studying more the behaviour in the specific days of the week or short when is red.
Configuration:
- N/A
Backtesting
⁃ Exchange: BINANCE
⁃ Pair: BTCUSDT
⁃ Timeframe: 1H
⁃ Fee 0.075%
⁃ Slippage 2
- Start : 2019-01-06
We decided to release this free BTC strategy.
How you or we can improve? Source code is open so share your ideas!
Consolidation Zone Hunter NPR BasedThis script will search for zones where the range between the high and low is lower than avg % nearest rank of last X bars.
After X(=30) bars of consolidating range it will signal that the market is in a range and draw the top, bottom and middle of that range.
When price breaks the consolidating range the range is cleared, this is where you long/short the breakout. After this it will look for the next range and do the same.
Visual Explanation
Trends_2022Hello everyone,
we are developing a strategy which is suited for people that likes to trade in small time frames.
Our strategy uses many indications for entries. These indicators can be used individually or better solution we combined them together for best prediction.
These indications like True Range, Average True Range , moving averages also previous bars highs, lows and closes values and finally mathematical equations to decide close price wave movement. Most of the work is in scaling price data and comparing them with the indicators to decide trend
The strategy is planned to go only long direction..
now we will discuss how each indicator is used to decide trend
* According to ATR trend prediction ...
it is up when the scaled bar price greater than ATR value
it turns down when the scaled bar price is less than ATR value
* According to MAs trend prediction ...
we use SMA and previous bar data averages then apply linReg ( Linear regression curve) this result in curve up and down zero
it is up when the value is up zero
it turns down when the value is down zero
* According to close price wave movement ...
we applied cos function on previous bars close data to get the sloping wave of close movement
If the slope is increasing ... this means the current wave value is greater than the previous value
If the slope is decreasing ... this means the current wave value is less than the previous value
Now as we mentioned before... The strategy goes only long direction.
LONG ENTRY Conditions (ANDing condition not ORing):
we can use any one of these indicators individually, or mix any two of them or use them all simultaneously
So... LONG ENTRY Conditions are as below:
if ATR trend is used .. it should be UP.
if MAs trend used .. it should be > 0.
if close wave slope is used .. it should be increasing.
On the other side… the Exit conditions are also (ANDing condition not ORing):
So... LONG Exit Conditions are as below:
if ATR trend is used .. it should be down.
if MAs trend used .. it should be < 0.
if close wave slope is used .. it should be decreasing.
Please send me private message for script authorization.
Happy trading everyone!
Volatility Percentile🎲 Volatility is an important measure to be included in trading plan and strategy. Strategies have varied outcome based on volatility of the instruments in hand.
For example,
🚩 Trend following strategies work better on low volatility instruments and reversal patterns work better in high volatility instruments. It is also important for us to understand the median volatility of an instrument before applying particular strategy strategy on them.
🚩 Different instrument will have different volatility range. For instance crypto currencies have higher volatility whereas major currency pairs have lower volatility with respect to their price. It is also important for us to understand if the current volatility of the instrument is relatively higher or lower based on the historical values.
This indicator is created to study and understand more about volatility of the instruments.
⬜ Process
▶ Volatility metric used here is ATR as percentage of price. Other things such as bollinger bandwidth etc can also be used with few changes.
▶ We use array based counters to count ATR values in different range. For example, if we are measuring ATR range based on precision 2, we will use array containing 10000 values all initially set to 0 which act as 10000 buckets to hold counters of different range. But, based on the ATR percentage range, they will be incremented. Let's say, if atr percent is 2, then 200th element of the array is increased by 1.
▶ When we do this for every bar, we have array of counters which has the division on how many bars had what range of atr percent.
▶ Using this array, we can calculate how many bars had atr percent more than current value, how many had less than current value, and how many bars in history has same atr percent as current value.
▶ With these information, we can calculate the percentile of atr percentage value. We can also plot a detailed table mentioning what percentile each range map to.
⬜ Settings
▶ ATR Parameters - this include Moving average type and Length for atr calculation.
▶ Rounding type refers to rounding ATR percentage value before we put into certain bucket. For example, if ATR percentage 2.7, round or ceil will make it 3, whereas floor will make it 2 which may fall into different buckets based on the precision selected.
▶ Precision refers to how much detailed the range should be. If precision set to 0, then we get array of 100 to collect the range where each value will represent a range of 1%. Similarly precision of 1 will lead to array of 1000 with each item representing range of 0.1. Default value used is 2 which is also the max precision possible in this script. This means, we use array of 10000 to track the range and percentile of the ATR.
▶ Display Settings - Inverse when applied track percentile with respect to lowest value of ATR instead of high. By default this is set to false. Other two options allow users to enable stats table. When detailed stats are enabled, ATR Percentile as plot is hidden.
▶ Table Settings - Allows users to select set size and coloring options.
▶ Indicator Time Window - Allow users to select particular timeframe instead of all available bars to run the study. By default windows are disabled. Users can chose start and end time individually.
Indicator display components can be described as below:
