Dynamic SL/TP Levels (ATR or Fixed %)This indicator, "Dynamic SL/TP Levels (ATR or Fixed %)", is designed to help traders visualize potential stop loss (SL) and take profit (TP) levels for both long and short positions, refreshing dynamically on each new bar. It assumes entry at the current bar's close price and uses a fixed 1:2 risk-reward ratio (TP is twice the distance of SL in the profit direction). Levels are displayed in a compact table in the chart pane for easy reference, without cluttering the main chart with lines.
Key Features:
Calculation Modes:
ATR-Based (Dynamic): SL distance is derived from the Average True Range (ATR) multiplied by a user-defined factor (default 1.5x). This adapts to the asset's volatility, providing breathing room based on recent price movements.
Fixed Percentage: SL is set as a direct percentage of the current close price (default 0.5%), offering consistent gaps regardless of volatility.
Long and Short Support: Calculates and shows SL/TP for longs (SL below close, TP above) and shorts (SL above close, TP below), with toggles to hide/show each.
Real-Time Updates: Levels recalculate every bar, making them readily available for entry decisions in your trading system.
Display: Outputs to a table in the top-right pane, showing precise values formatted to the asset's tick size (e.g., full decimal places for crypto).
How to Use:
Add the indicator to your chart via TradingView's Pine Editor or library.
Adjust settings:
Toggle "Use ATR?" on/off to switch modes.
Set "ATR Length" (default 14) and "ATR Multiplier for SL" for dynamic mode.
Set "Fixed SL %" for percentage mode.
Enable/disable "Show Long Levels" or "Show Short Levels" as needed.
Interpret the table: Use the displayed SL/TP values when your strategy signals an entry. For risk management, combine with position sizing (e.g., risk 1% of account per trade based on SL distance).
Example: On a volatile asset like BTC, ATR mode might set a wider SL for realism; on stable pairs, fixed % ensures predictability.
This tool promotes disciplined trading by tying levels to price action or fixed rules, but it's not financial advice—always backtest and use with your full strategy. Feedback welcome!
Komut dosyalarını "ATR" için ara
Rachas ATR AssistHey Traders!
This indicator is a simple, it uses Average True Range (ATR) data from the daily chart and the current timeframe to estimate potential range and volatility.
This indicator compares the daily ATR to the current daily wick range (from low to high), helping you gauge how much "room" might be left for price movement within the day. Alongside that, it shows the ATR over the last 14 candles and 5 candles on your current chart for intraday volatility awareness—ideal for setting stops, targets, or position sizing.
Gauge Daily Potential Movement:
The "Day Range Difference" cell shows how much of the expected daily range (based on ATR) is still unfilled. If the market has moved less than the average, there's still potential for expansion. If it's close to or above the ATR, expect a slowdown or reversal.
Position Sizing & Stop Losses:
Use the 14-period ATR and 5-period ATR on your current timeframe to understand recent volatility. This helps in choosing logical stop loss levels and adjusting position sizes based on market conditions.
Volatility Awareness:
Knowing the average daily range and how much of it has been used lets you avoid entering trades too late in the move or placing stops in overly tight spots.
Table Position & Font:
You can adjust the table location (top/bottom left/right) and font size to best fit your chart layout.
Smart Dynamic Levels [ATR-Based]Smart Dynamic Levels
Automated Support & Resistance Levels Based on Market Volatility
Overview:
This advanced indicator automatically plots dynamic support and resistance levels based on the Average True Range (ATR), creating meaningful price zones that adapt to changing market conditions. Unlike static round-number levels, these volatility-adjusted zones provide more relevant technical reference points.
Key Features:
Volatility-Responsive: Levels automatically adjust based on the asset's ATR
Smart Visualization:
Color gradient shows strength of each level (darker = stronger)
Bullish (green) levels below price, bearish (red) levels above
Customizable Settings:
Adjust ATR length (14-period default)
Modify level sensitivity with ATR multiplier (1.5x default)
Choose number of levels to display (5 above/below default)
Toggle labels and line extensions
How It Works:
Calculates the asset's true volatility using ATR
Rounds to significant price intervals based on current volatility
Plots equidistant levels above and below current price
Colors levels based on their position relative to price
Automatically updates as market conditions change
Recommended Use:
Day Trading: Identify intraday support/resistance zones
Swing Trading: Spot potential reversal areas
Breakout Trading: Watch for moves beyond key levels
Works on all markets: Stocks, Forex, Crypto, Futures
Settings Guide:
ATR Length: Higher values for smoother levels (14-20)
Multiplier: Increase for wider levels (1.5-3x)
Levels Count: More levels for higher timeframes (3-10)
Pro Tips:
Combine with trend analysis - levels are more significant when aligned with trend
Watch for price reactions at these levels for confirmation
Use wider levels (higher multiplier) for volatile assets
Adaptive Fibonacci Volatility Bands (AFVB)
**Adaptive Fibonacci Volatility Bands (AFVB)**
### **Overview**
The **Adaptive Fibonacci Volatility Bands (AFVB)** indicator enhances standard **Fibonacci retracement levels** by dynamically adjusting them based on market **volatility**. By incorporating **ATR (Average True Range) adjustments**, this indicator refines key **support and resistance zones**, helping traders identify **more reliable entry and exit points**.
**Key Features:**
- **ATR-based adaptive Fibonacci levels** that adjust to changing market volatility.
- **Buy and Sell signals** based on price interactions with dynamic support/resistance.
- **Toggleable confirmation filter** for refining trade signals.
- **Customizable color schemes** and alerts.
---
## **How This Indicator Works**
The **AFVB** operates in three main steps:
### **1️⃣ Detecting Key Fibonacci Levels**
The script calculates **swing highs and swing lows** using a user-defined lookback period. From this, it derives **Fibonacci retracement levels**:
- **0% (High)**
- **23.6%**
- **38.2%**
- **50% (Mid-Level)**
- **61.8%**
- **78.6%**
- **100% (Low)**
### **2️⃣ Adjusting for Market Volatility**
Instead of using **fixed retracement levels**, this indicator incorporates an **ATR-based adjustment**:
- **Resistance levels** shift **upward** based on ATR.
- **Support levels** shift **downward** based on ATR.
- This makes levels more **responsive** to price action.
### **3️⃣ Generating Buy & Sell Signals**
AFVB provides **two types of signals** based on price interactions with key levels:
✔ **Buy Signal**:
Occurs when price **dips below** a support level (78.6% or 100%) and **then closes back above it**.
- **Optionally**, a confirmation buffer can be enabled to require price to close **above an additional threshold** (based on ATR).
✔ **Sell Signal**:
Triggered when price **breaks above a resistance level** (0% or 23.6%) and **then closes below it**.
📌 **Important:**
- The **buy threshold setting** allows traders to **fine-tune** entry conditions.
- Turning this setting **off** generates **more frequent** buy signals.
- Keeping it **on** reduces false signals but may result in **fewer trade opportunities**.
---
## **How to Use This Indicator in Trading**
### 🔹 **Entry Strategy (Buying)**
1️⃣ Look for **buy signals** at the **78.6% or 100% Fibonacci levels**.
2️⃣ Ensure price **closes above** the support level before entering a long trade.
3️⃣ **Enable or disable** the buy threshold filter depending on desired trade strictness.
### 🔹 **Exit Strategy (Selling)**
1️⃣ Watch for **sell signals** at the **0% or 23.6% Fibonacci levels**.
2️⃣ If price **breaks above resistance and then closes below**, consider exiting long positions.
3️⃣ Can be used **alone** or **combined with trend confirmation tools** (e.g., moving averages, RSI).
### 🔹 **Using the Toggleable Buy Threshold**
- **ON**: Buy signal requires **extra confirmation** (reduces false signals but fewer trades).
- **OFF**: Buy triggers as soon as price **closes back above support** (more signals, but may include weaker setups).
---
## **User Inputs**
### **🔧 Customization Options**
- **ATR Length**: Defines the period for **ATR calculation**.
- **Swing Lookback**: Determines how far back to find **swing highs and lows**.
- **ATR Multiplier**: Adjusts the size of **volatility-based modifications**.
- **Buy/Sell Threshold Factor**: Fine-tunes the **entry signal strictness**.
- **Show Level Labels**: Enables/disables **Fibonacci level annotations**.
- **Color Settings**: Customize **support/resistance colors**.
### **📢 Alerts**
AFVB includes built-in **alert conditions** for:
- **Buy Signals** ("AFVB BUY SIGNAL - Possible reversal at support")
- **Sell Signals** ("AFVB SELL SIGNAL - Possible reversal at resistance")
- **Any Signal Triggered** (Useful for automated alerts)
---
## **Who Is This Indicator For?**
✅ **Scalpers & Day Traders** – Helps identify **short-term reversals**.
✅ **Swing Traders** – Useful for **buying dips** and **selling rallies**.
✅ **Trend Traders** – Can be combined with **momentum indicators** for confirmation.
**Best Timeframes:**
⏳ **15-minute, 1-hour, 4-hour, Daily charts** (works across multiple assets).
---
## **Limitations & Considerations**
🚨 **Important Notes**:
- **No indicator guarantees profits**. Always **combine** it with **risk management strategies**.
- Works best **in trending & mean-reverting markets**—may generate false signals in **choppy conditions**.
- Performance may vary across **different assets & timeframes**.
📢 **Backtesting is recommended** before using it for live trading.
Uptrick: Alpha TrendIntroduction
Uptrick: Alpha Trend is a comprehensive technical analysis indicator designed to provide traders with detailed insights into market trends, momentum, and risk metrics. It adapts to various trading styles—from quick scalps to longer-term positions—by dynamically adjusting its calculations and visual elements. By combining multiple smoothing techniques, advanced color schemes, and customizable data tables, the indicator offers a holistic view of market behavior.
Originality
The Alpha Trend indicator distinguishes itself by blending established technical concepts with innovative adaptations. It employs three different smoothing techniques tailored to specific trading modes (Scalp, Swing, and Position), and it dynamically adjusts its parameters to match the chosen mode. The indicator also offers a wide range of color palettes and multiple on-screen tables that display key metrics. This unique combination of features, along with its ability to adapt in real time, sets it apart as a versatile tool for both novice and experienced traders.
Features
1. Multi-Mode Trend Line
The indicator automatically selects a smoothing method based on the trading mode:
- Scalp Mode uses the Hull Moving Average (HMA) for rapid responsiveness.
- Swing Mode employs the Exponential Moving Average (EMA) for balanced reactivity.
- Position Mode applies the Weighted Moving Average (WMA) for smoother, long-term trends.
Each method is chosen to best capture the price action dynamics appropriate to the trader’s timeframe.
2. Adaptive Momentum Thresholds
It tracks bullish and bearish momentum with counters that increment as the trend confirms directional movement. When these counters exceed a user-defined threshold, the indicator generates optional buy or sell signals. This approach helps filter out minor fluctuations and highlights significant market moves.
3. Gradient Fills
Two types of fills enhance visual clarity:
- Standard Gradient Fill displays ATR-based zones above and below the trend line, indicating potential bullish and bearish areas.
- Fading Gradient Fill creates a smooth transition between the trend line and the price, visually emphasizing the distance between them.
4. Bar Coloring and Signal Markers
The indicator can color-code bars based on market conditions—bullish, bearish, or neutral—allowing for immediate visual assessment. Additionally, signal markers such as buy and sell arrows are plotted when momentum thresholds are breached.
5. Comprehensive Data Tables
Uptrick: Alpha Trend offers several optional tables for detailed analysis:
- Insider Info: Displays key metrics like the current trend value, bullish/bearish momentum counts, and ATR.
- Indicator Metrics: Lists input settings such as trend length, damping, signal threshold, and net momentum.
- Market Analysis: Summarizes overall trend direction, trend strength, Sortino ratio, return, and volatility.
- Price & Trend Dynamics: Details price deviation from the trend, trend slope, and ATR ratio.
- Momentum & Volatility Insights: Presents RSI, standard deviation (volatility), and net momentum.
- Performance & Acceleration Metrics: Focuses on the Sortino ratio, trend acceleration, return, and trend strength.
Each table can be positioned flexibly on the chart, allowing traders to customize the layout according to their needs.
Why It Combines Specific Smoothing Techniques
Smoothing techniques are essential for filtering out market noise and revealing underlying trends. The indicator combines three smoothing methods for the following reasons:
- The Hull Moving Average (HMA) in Scalp Mode minimizes lag and responds quickly to price changes, which is critical for short-term trading.
- The Exponential Moving Average (EMA) in Swing Mode gives more weight to recent data, striking a balance between speed and smoothness. This makes it suitable for mid-term trend analysis.
- The Weighted Moving Average (WMA) in Position Mode smooths out short-term fluctuations, offering a clear view of longer-term trends and reducing the impact of transient market volatility.
By using these specific methods in their respective trading modes, the indicator ensures that the trend line is appropriately responsive for the intended time frame, enhancing decision-making while maintaining clarity.
Inputs
1. Trend Length (Default: 30)
Defines the lookback period for the smoothing calculation. A shorter trend length results in a more responsive line, while a longer length produces a smoother, less volatile trend.
2. Trend Damping (Default: 0.75)
Controls the degree of smoothing applied to the trend line. Lower values lead to a smoother curve, whereas higher values increase sensitivity to price fluctuations.
3. Signal Strength Threshold (Default: 5)
Specifies the number of consecutive bullish or bearish bars required to trigger a signal. Higher thresholds reduce the frequency of signals, focusing on stronger moves.
4. Enable Bar Coloring (Default: True)
Toggles whether each price bar is colored to indicate bullish, bearish, or neutral conditions.
5. Enable Signals (Default: True)
When enabled, this option plots buy or sell arrows on the chart once the momentum thresholds are met.
6. Enable Standard Gradient Fill (Default: False)
Activates ATR-based gradient fills around the trend line to visualize potential support and resistance zones.
7. Enable Fading Gradient Fill (Default: True)
Draws a gradual color transition between the trend line and the current price, emphasizing their divergence.
8. Trading Mode (Options: Scalp, Swing, Position)
Determines which smoothing method and ATR period to use, adapting the indicator’s behavior to short-term, medium-term, or long-term trading.
9. Table Position Inputs
Allows users to select from nine possible chart positions (top, middle, bottom; left, center, right) for each data table.
10. Show Table Booleans
Separate toggles control the display of each table (Insider Info, Indicator Metrics, Market Analysis, and the three Deep Tables), enabling a customized view of the data.
Color Schemes
(Default) - The colors in the preview image of the indicator.
(Emerald)
(Sapphire)
(Golden Blaze)
(Mystic)
(Monochrome)
(Pastel)
(Vibrant)
(Earth)
(Neon)
Calculations
1. Trend Line Methods
- Scalp Mode: Utilizes the Hull Moving Average (HMA), which computes two weighted moving averages (one at half the length and one at full length), subtracts them, and then applies a final weighted average based on the square root of the length. This method minimizes lag and increases responsiveness.
- Swing Mode: Uses the Exponential Moving Average (EMA), which assigns greater weight to recent prices, thus balancing quick reaction with smoothness.
- Position Mode: Applies the Weighted Moving Average (WMA) to focus on longer-term trends by emphasizing the entire lookback period and reducing the impact of short-term volatility.
2. Momentum Tracking
The indicator maintains separate counters for bullish and bearish momentum. These counters increase as the trend confirms directional movement and reset when the trend reverses. When a counter exceeds the defined signal strength threshold, a corresponding signal (buy or sell) is triggered.
3. Volatility and ATR Zones
The Average True Range (ATR) is calculated using a period that adapts to the selected trading mode (shorter for Scalp, longer for Position). The ATR value is then used to define upper and lower zones around the trend line, highlighting the current level of market volatility.
4. Return and Trend Acceleration
- Return is calculated as the difference between the current and previous closing prices, providing a simple measure of price change.
- Trend Acceleration is derived from the change in the trend line’s movement (its first derivative) compared to the previous bar. This metric indicates whether the trend is gaining or losing momentum.
5. Sortino Ratio and Standard Deviation
- The Sortino Ratio measures risk-adjusted performance by comparing returns to downside volatility (only considering negative price changes).
- Standard Deviation is computed over the lookback period to assess the extent of price fluctuations, offering insights into market stability.
Usage
This indicator is suitable for various time frames and market instruments. Traders can enable or disable specific visual elements such as gradient fills, bar coloring, and signal markers based on their preference. For a minimalist approach, one might choose to display only the primary trend line. For a deeper analysis, enabling multiple tables can provide extensive data on momentum, volatility, trend dynamics, and risk metrics.
Important Note on Risk
Trading involves inherent risk, and no indicator can eliminate the uncertainty of the markets. Past performance is not indicative of future results. It is essential to use proper risk management, test any new tool thoroughly, and consult multiple sources or professional advice before making trading decisions.
Conclusion
Uptrick: Alpha Trend unifies a diverse set of calculations, adaptive smoothing techniques, and customizable visual elements into one powerful tool. By combining the Hull, Exponential, and Weighted Moving Averages, the indicator is able to provide a trend line that is both responsive and smooth, depending on the trading mode. Its advanced color schemes, gradient fills, and detailed data tables deliver a comprehensive analysis of market trends, momentum, and risk. Whether you are a short-term trader or a long-term investor, this indicator aims to clarify price action and assist you in making more informed trading decisions.
Johnny's Volatility-Driven Trend Identifier w/ Reversal SignalsJohnny's Volatility-Driven Trend Identifier w/ Reversal Signals is designed to identify high-probability trend shifts and reversals by incorporating volatility, momentum, and impulse-based filtering. It is specifically built for traders who want to capture strong trend movements while minimizing false signals caused by low volatility noise.
By leveraging Rate of Change (ROC), Relative Strength Index (RSI), and Average True Range (ATR)-based volatility detection, the indicator dynamically adapts to market conditions. It highlights breakout trends, reversals, and early signs of momentum shifts using strategically placed labels and color-coded trend visualization.
Inspiration taken from Top G indicator .
What This Indicator Does
The Volatility-Driven Trend Identifier works by:
Measuring Market Extremes & Momentum:
Uses ROC normalization with standard deviation to identify impulse moves in price action.
Implements RSI filtering to determine overbought/oversold conditions that validate trend strength.
Utilizes ATR-based volatility tracking to ensure signals only appear when meaningful market movements are occurring.
Identifying Key Trend Events:
Power Peak (🔥): Marks a confirmed strong downtrend, ideal for shorting opportunities.
Surge (🚀): Indicates a confirmed strong uptrend, signaling a potential long entry.
Soft Surge (↗): Highlights a mild bullish reentry or early uptrend formation.
Soft Peak (↘): Shows a mild bearish reentry or early downtrend formation.
Providing Adaptive Filtering for Reliable Signals:
Filters out weak trends with a volatility check, ensuring signals appear only in strong market conditions.
Implements multi-level confirmation by combining trend strength metrics, preventing false breakouts.
Uses gradient-based visualization to color-code market sentiment for quick interpretation.
What This Indicator Signals
Breakouts & Impulse Moves: 🚀🔥
The Surge (🚀) and Power Peak (🔥) labels indicate confirmed momentum breakouts, where the trend has been validated by a combination of ROC impulse, RSI confirmation, and ATR volatility filtering.
These signals suggest that the market is entering a strong trend, and traders can align their entries accordingly.
Early Trend Formation & Reentries: ↗ ↘
The Soft Surge (↗) and Soft Peak (↘) labels indicate areas where a trend might be forming, but is not yet fully confirmed.
These signals help traders anticipate potential entries before the trend gains full strength.
Volatility-Adaptive Trend Filtering: 📊
Since the indicator only activates in volatile conditions, it avoids the pitfalls of low-range choppy markets where false signals frequently occur.
ATR-driven adaptive windowing allows the indicator to dynamically adjust its sensitivity based on real-time volatility conditions.
How to Use This Indicator
1. Identifying High-Probability Entries
Bullish Entries (Long Trades)
Look for 🚀 Surge signals in an uptrend.
Confirm with RSI (should be above 50 for momentum).
Ensure volatility is increasing to validate the breakout.
Use ↗ Soft Surge signals for early entries before the trend fully confirms.
Bearish Entries (Short Trades)
Look for 🔥 Power Peak signals in a downtrend.
RSI should be below 50, indicating downward momentum.
Volatility should be rising, ensuring market momentum is strong.
Use ↘ Soft Peak signals for early entries before a full bearish confirmation.
2. Avoiding False Signals
Ignore signals when the market is ranging (low ATR).
Check RSI and ROC alignment to ensure trend confirmation.
Use additional confluences (e.g., price action, support/resistance levels, moving averages) for enhanced accuracy.
3. Trend Confirmation & Filtering
The stronger the trend, the higher the likelihood that Surge (🚀) and Power Peak (🔥) signals will continue in their direction.
Soft Surge (↗) and Soft Peak (↘) act as early warning signals before major breakouts occur.
What Makes This a Machine Learning-Inspired Moving Average?
While this indicator is not a direct implementation of machine learning (as Pine Script lacks AI/ML capabilities), it mimics machine learning principles by adapting dynamically to market conditions using the following techniques:
Adaptive Trend Selection:
It does not rely on fixed moving averages but instead adapts dynamically based on volatility expansion and momentum detection.
ATR-based filtering adjusts the indicator’s sensitivity to real-time conditions.
Multi-Factor Confirmation (Feature Engineering Equivalent in ML):
Combines ROC, RSI, and ATR in a structured way, similar to how ML models use multiple inputs to filter and classify data.
Implements conditional trend recognition, ensuring that only valid signals pass through the filter.
Noise Reduction with Data Smoothing:
The algorithm avoids false signals by incorporating trend intensity thresholds, much like how ML models remove outliers to refine predictions.
Adaptive filtering ensures that low-volatility environments do not produce misleading signals.
Why Use This Indicator?
✔ Reduces False Signals: Multi-factor validation ensures only high-confidence signals are triggered.
✔ Works in All Market Conditions: Volatility-adaptive nature allows the indicator to perform well in both trending and ranging markets.
✔ Great for Swing & Intraday Trading: It helps spot momentum shifts early and allows traders to catch major market moves before they fully develop.
✔ Visually Intuitive: Color-coded trends and clear signal markers make it easy to interpret.
Dynamic Score Supertrend [QuantAlgo]Dynamic Score Supertrend 📈🚀
The Dynamic Score Supertrend by QuantAlgo introduces a sophisticated trend-following tool that combines the well-known Supertrend indicator with an innovative dynamic trend scoring technique . By tracking market momentum through a scoring system that evaluates price behavior over a customizable window, this indicator adapts to changing market conditions. The result is a clearer, more adaptive tool that helps traders and investors detect and capitalize on trend shifts with greater precision.
💫 Conceptual Foundation and Innovation
At the core of the Dynamic Score Supertrend is the dynamic trend score system , which measures price movements relative to the Supertrend’s upper and lower bands. This scoring technique adds a layer of trend validation, assessing the strength of price trends over time. Unlike traditional Supertrend indicators that rely solely on ATR calculations, this system incorporates a scoring mechanism that provides more insight into trend direction, allowing traders and investors to navigate both trending and choppy markets with greater confidence.
✨ Technical Composition and Calculation
The Dynamic Score Supertrend utilizes the Average True Range (ATR) to calculate the upper and lower Supertrend bands. The dynamic trend scoring technique then compares the price to these bands over a customizable window, generating a trend score that reflects the current market direction.
When the score exceeds the uptrend or downtrend thresholds, it signals a possible shift in market direction. By adjusting the ATR settings and window length, the indicator becomes more adaptable to different market conditions, from steady trends to periods of higher volatility. This customization allows users to refine the Supertrend’s sensitivity and responsiveness based on their trading or investing style.
📈 Features and Practical Applications
Customizable ATR Settings: Adjust the ATR length and multiplier to control the sensitivity of the Supertrend bands. This allows the indicator to smooth out noise or react more quickly to price shifts, depending on market conditions.
Window Length for Dynamic Scoring: Modify the window length to adjust how many data points the scoring system considers, allowing you to tailor the indicator’s responsiveness to short-term or long-term trends.
Uptrend/Downtrend Thresholds: Set thresholds for identifying trend signals. Increase these thresholds for more reliable signals in choppy markets, or lower them for more aggressive entry points in trending markets.
Bar and Background Coloring: Visual cues such as bar coloring and background fills highlight the direction of the current trend, making it easier to spot potential reversals and trend shifts.
Trend Confirmation: The dynamic trend score system provides a clearer confirmation of trend strength, helping you identify strong, sustained movements while filtering out false signals.
⚡️ How to Use
✅ Add the Indicator: Add the Dynamic Score Supertrend to your favourites, then apply it to your chart. Adjust the ATR length, multiplier, and dynamic score settings to suit your trading or investing strategy.
👀 Monitor Trend Shifts: Track price movements relative to the Supertrend bands and use the dynamic trend score to confirm the strength of a trend. Bar and background colors make it easy to visualize key trend shifts.
🔔 Set Alerts: Configure alerts when the dynamic trend score crosses key thresholds, so you can act on significant trend changes without constantly monitoring the charts.
🌟 Summary and Usage Tips
The Dynamic Score Supertrend by QuantAlgo is a robust trend-following tool that combines the power of the Supertrend with an advanced dynamic scoring system. This approach provides more adaptable and reliable trend signals, helping traders and investors make informed decisions in trending markets. The customizable ATR settings and scoring thresholds make it versatile across various market conditions, allowing you to fine-tune the indicator for both short-term momentum and long-term trend following. To maximize its effectiveness, adjust the settings based on current market volatility and use the visual cues to confirm trend shifts. The Dynamic Score Supertrend offers a refined, probabilistic approach to trading and investing, making it a valuable addition to your toolkit.
AminioLibraryLibrary "AminioLibrary"
: this is my personal library that is being used in different indicators and strategies
calculateMA(source, len, maType)
This fuction returns a moving average value based on the type
Parameters:
source (float) : Is the time series source to calculate average from
len (simple int) : The length of the moving average, this should be integer
maType (string) : The type of moving average, acceptable types are : SMA, HMA, EMA, RMA, WMA, VWMA
Returns: value of moving average
atr(source, len)
This fuction returns atr value for a given source
Parameters:
source (float) : Is the time series source to calculate atr from
len (simple int) : The length of the atr, this should be integer
Returns: value of atr from source
superTrend(source, factor, len)
This fuction returns value of super trend indicator and the trend direction as a tupple
Parameters:
source (float) : Is the time series source to calculate super trend from
factor (simple float) : The multiplication factor for upper and lower band calcualtion, this can be a float
len (simple int) : The length of the super trend, this should be integer
Returns: value of atr from source
halfTrend(am, chdev)
This fuction returns a hTrend type carrying different values for half trend indicator
Parameters:
am (int) : This is the amplitude used for calcucating the half trend, use integers
chdev (float) : This is the Channel Deviation value used for calculating upper and lower atr channel boundaries, you can use floats
Returns: hTrend data type
hTrend
Fields:
halfTrend (series__float)
trend (series__integer)
atrHigh (series__float)
atrLow (series__float)
arrowUp (series__float)
arrowDown (series__float)
Logical Trading Indicator V.1Features of the Logical Trading Indicator V.1
ATR-Based Trailing Stop Loss
The Logical Trading Indicator V.1 utilizes the Average True Range (ATR) to implement a dynamic trailing stop loss. You can customize the sensitivity of your alerts by adjusting the ATR Multiple and ATR Period settings.
Higher ATR Multiple values create wider stops, while lower values result in tighter stops. This feature ensures that your trades are protected against adverse price movements. For best practice, use higher values on higher timeframes and lower values on lower term timeframes.
Bollinger Bands
The Logical Trading Indicator V.1 includes Bollinger Bands, which can be customized to use either a Simple Moving Average (SMA) or an Exponential Moving Average (EMA) as the basis.
You can adjust the length and standard deviation multiplier of the Bollinger Bands to fine-tune your strategy. The color of the basis line changes to green when price is above and red when price is below the line to represent the trend.
The bands show a range vs a single band that also represents when the price is in overbought and oversold ranges similar to an RSI. These bands also control the take profit signals.
You also have the ability to change the band colors as well as toggle them off, which only affects the view, they are still active which will still fire the take profit signals.
Momentum Indicator
Our indicator offers a momentum filter option that highlights market momentum directly on the candlesticks, identifying periods of bullish, bearish, or consolidation phases. You can enable or disable this filter as needed, providing valuable insights into market conditions.
By default, you will see the candlestick colors represent the momentum direction as green or red, and consolidation periods as white, but the filter on the BUY and SELL signals is not active. The view options and filter can be toggled on and off in the settings.
Buy and Sell Signals
The Logical Trading Indicator V.1 generates buy and sell signals based on a combination of ATR-based filtering, Bollinger Band basis crossover, and optional momentum conditions if selected in the settings. These signals help you make informed decisions about when to enter or exit a trade. You can also enable a consolidation filter to stay out of trades during tight ranges.
Basically a BUY signal fires when the price closes above the basis line, and the price meets or exceeds the ATR multiple from the previous candle length, which is also editable in the settings.
If the momentum filter is engaged, it will not fire BUY signals when in consolidation periods. It works just the opposite for SELL signals.
Take Profit Signals
We've integrated a Take Profit feature that helps you identify points to exit your trades with profits. The indicator marks Long Take Profit when prices close below the upper zone line of the Bollinger Bands after the previous candle closes inside the band, suggesting an optimal point to exit a long trade or consider a short position.
Conversely, Short Take Profit signals appear when prices close above the lower zone after the previous candle closes inside of it, indicating the right time to exit a short trade or contemplate a long position.
Alerts for Informed Trading
The Logical Trading Indicator V.1 comes equipped with alert conditions for buy signals, sell signals, take profit points, and more. Receive real-time notifications to your preferred devices or platforms to stay updated on market movements and trading opportunities.
ADW - Volatility MapThe ADW - Volatility Map script is a tool for traders to measure and visualize the volatility of a specific asset. It uses both the Average True Range (ATR) and True Range (TR) values in combination with the Commodity Channel Index (CCI) to provide a comprehensive map of the market's volatility.
Average True Range (ATR) : ATR is a measure of market volatility. It measures the average of true price ranges over a time period. In this script, we use it to calculate the ATR-CCI which gives us a more precise measure of volatility.
True Range (TR) : TR is the greatest distance the price moved during a period. It is used in this script to calculate the TR-CCI, adding another level of detail to our volatility measurement.
Commodity Channel Index (CCI) : CCI is a versatile indicator that can be used to identify a new trend or warn of extreme conditions. We use it to scale and compare the ATR and TR values, hence providing a relative measure of volatility.
The script interprets the CCI values and provides four different conditions for both ATR and TR:
Is Low (CCI < 0)
Is High (CCI > 0)
Is Extremely Low (CCI <= -100)
Is Extremely High (CCI >= 100)
The interpretation of these conditions is displayed on the chart using colour highlighting. When the ATR or TR are low, high, extremely low, or extremely high, the script fills the chart accordingly.
In addition, the script has an option `awaitBarConfirmation` set at the beginning. If this is true, the script will only display indicators for fully formed bars, ensuring that the indicators you see are based on confirmed information.
Note: The colours for different conditions can be customized at the beginning of the script, allowing you to personalize the visual output to match your preferences.
This script is designed to provide a visually clear and immediate understanding of the market's volatility. Use it to enhance your decision-making process and adapt your trading strategy to the current market conditions.
TheATR™: Volatility Extremes (VolEx)Volatility is a crucial aspect of financial markets that is closely monitored by traders and investors alike. The traditional Average True Range (ATR) oscillator is a widely used technical indicator for measuring volatility in financial markets. However, there are limitations to the ATR oscillator, as it does not account for changing market conditions and may not adequately reflect extreme price movements. To address these limitations, TheATR has developed the VolEx indicator, which aims to identify extremes in the ATR oscillator by building dynamic thresholds using either a 'percentage' or 'standard deviation' based comparison with the value of the ATR.
The VolEx indicator utilizes a dynamic approach to measure volatility by considering the current level of the ATR oscillator relative to the dynamically generated thresholds. The dynamic thresholds are calculated based on the current ATR value and the chosen method of comparison (either 'percentage' or 'standard deviation'). If the ATR value exceeds the upper dynamic threshold, the market is experiencing high volatility, while a value below the lower dynamic threshold indicates low volatility.
The VolEx indicator offers several advantages over traditional volatility indicators, such as the ATR oscillator. First, it takes into account the changing market conditions and adjusts the thresholds accordingly. Second, it offers flexibility in the choice of the comparison method, allowing traders to tailor the indicator to their specific trading strategies. Finally, it provides clear signals for identifying extremes in volatility, which can be used to inform trading decisions.
In summary, the VolEx indicator developed by TheATR is a dynamic and flexible technical indicator that offers a robust approach to measuring volatility in financial markets. By utilizing dynamic thresholds and allowing for different comparison methods, the VolEx indicator provides a valuable tool for traders and investors seeking to identify extremes in market volatility..
NOTE: It is important to note that volatility, as measured by the VolEx indicator, does not provide any directional bias for the market movement. Rather, it simply indicates the degree to which the market is moving, regardless of direction. Traders and investors must use other technical or fundamental analysis tools to determine the direction of the market and make informed trading decisions based on their individual strategies and risk tolerance.
Triangular Trend Channel ATRTTCATR: Triangular Trend Channel ATR is a script to dynamically create a trend channel. It uses Moving Average & the Average True Range function to calculate support and resistance levels automatically.
The MA choices available are:
SMA = simple moving average
EMA = exponentially weighted moving average
RMA = moving average used in RSI
WMA = weighted moving average
VWMA = volume weighted moving average
VWAP = volume weighted average price
HMA = Hull moving average
SWMA = symmetrically weighted moving average
ALMA = Arnaud Legoux moving average
The default setting inputs are:
source = OHLC4
MA length = 20
MA signal = 10
ATR Multiply = 3
ALMA offset = 0.89
ALMA sigma = 5
Moving average type = VWMA
Level 1 ATR = 1.236
Level 2 ATR = 2.382
Level 3 ATR = 3.5
Level 4 ATR = 4.618
Level 5 ATR = 5.786
The default setting colors are:
Top = gray
R4 = white
R3 = green
R2 = orange
R1 = blue
pivot = white
(track pivot line = bullish is green, bearish is red)
S1 = purple
S2 = yellow
S3 = red
S4 = white
Bottom = gray
* This script uses altered pieces of code from my @Options360 TTC: Triangular Trend Channel and @TradingView "Intrabar Efficiency Ratio indicator". *
(JS) Checklist SignalsWhat if I told you that you could use over 10 indicators at once without having a single one of them on you chart? Enter the Checklist Signals. This is probably the most complex yet simple indicator I've ever done.
What you get is 6 rows (if you want them all) of labels that hover at the top of your screen with a ton of extremely useful information. I will go down the list of options in the indicator settings and explain how it all works.
So the label placement is based on ATR. You choose your X Axis and Y Axis starting point then adjust the lookback period. Default lookback is 600 bars. What that means is, the indicator finds the highest high in the last 600 bars, then begins to place the labels above that zone based on the ATR of the chart. Different timeframes require very different combinations so it's all customizable. Sometimes if labels overlap you need to adjust the X Axis starting point, or the spread on either axis.
The next set of options allows you to decide what you'd prefer to be set on or off. Let's start with ATR and VWAP. I have added bands for both of these. When price is below the mean (which is the 21 ema by default), then the labels show you the next 5 standard deviations of ATR going down. When under one of these levels the label turns red. The opposite is true when above the mean and in those instances the labels will be green. It is the same with the VWAP, though instead of using the mean we use the daily VWAP as the starting point. If you choose to have levels switched on then you can see the actual values of each standard deviation level. Down lower in the options you can change the resolution and source used for VWAP.
The next option is "Trending". This creates a moving average using the length of the Trending Lookback Period (default is 5) and then tells you using arrows in the label which direction the trend of the indicator is going.
The next area let's you specify the information you receive in the Squeeze labels. By default all options are one - and this tells you if there's a Squeeze, what type of Squeeze there is, and how many bars the Squeeze has been building up or since it fired. These labels are color coded to correspond with the Squeeze type as well.
Then we get to another one of my indicators, the Ballista. One of the main signals is the "Inverted Squeeze" where the short term momentum inverts against the long term momentum. Here I have the distance between the two oscillators in the first label, and then the second label tells you if there's an Inverted Squeeze signal, if there's potential entry, confirmed entry, or how many bars its been since the last entry signal.
The next feature is off by default, but it will add arrows to your chart based on a simple lower highs and higher lows signals. Turning arrows on will place them right on your chart above or below each bar.
The rest of it is customizable settings of all the other indicators that are shown. Now looking at the labels themselves, starting in the top left corner:
First Row-
ADX + DMI: These labels show the ADX, DI+, & DI- values in each label. Whenever the DI+ or DI- is above the other then their respective label will light up. Also, when the ADX is above 20 (confirming the trend) it lights up in the same color as well.
Squeeze: I described how this worked above, the labels tell you if there's a Squeeze, how long there's been one, and how long since it fired, all while also changing to color of the associated Squeeze type.
Second Row -
Stacked EMAs: The top label looks at the EMA values using the numbers of the Fibonacci sequence. It looks at the EMA 8, 21, 34, 55, 89, & 233 and tells you if they're all stacked in the same direction (Stacked Bear meaning they're all crossed down in order, Stacked Bull meaning they're all crossed up in order). If the EMAs are all stacked but 1 or 2 it will say Stacked -1 or Stacked -2. When they're all over the place it will say they aren't stacked at all.
BB%: This tells you the value of the Bollinger Band %. If this is negative then you know that price is currently below the lower Bollinger Band, and if it is above 100% it is above the upper Bollinger Band.
RSI: This tells you the value of the RSI and the label changes colors based on the value.
Stoch: This tells you the Stochastic value and changes colors based on the value, same as the RSI.
Third Row -
The Mean: This tells you the numerical value of whatever you have the mean set as (21 ema by default). The label changes colors based on price being above or below the mean.
One ATR: This was something I added for those looking to plan their trades out. This tells you the value of one ATR so you can have a better idea of how to plan your trades based on this distance.
VIX: This tells you the current value of the VIX, and color changes based on being green or red on the day.
Ballista: I explained this above, it tells you the distance between the two oscillators and changes colors based on the trend being above or below 0. When there's an Inverted Squeeze this label is gray.
Inverted Squeeze: This label tells you if there's an inverted squeeze as well as if it is showing an entry or how many bars since the last entry signal. This label turns fuchsia on a bear signal and lime on a bull signal.
Fourth Row -
ATR Bands: As I explained above, this plots each standard deviation using ATR and changes colors based on price's relationship to each one.
Fifth Row -
VWAP: The three labels here show the daily, weekly, and monthly VWAP values, and color changes based on price's relationship to each one.
Sixth Row -
VWAP Bands: These are the standard deviation levels of the VWAP resolution of your choosing (as explained above), and just as the others, colors change based on price's relationship to each one.
I thought this was a really cool indicator that could be used for people like me who like knowing the right information, but HATE having their charts clustered with a ton of stuff. Hope you all like it, enjoy!
Jeges JigsThis is a combination of all my old indicators, with an added feature for trend lines (inspiration for this came from Wedge Maker script thanks to veryfid, I hope he doesn't mind).
This script looks for a period with increased volatility , as measured by ATR ( Average True Range ), then it looks for a high or a low in that area.
When price is above EMA (400 is default, can be changed), it looks for the highs and adds multiples of ATR to the high. Default values for multipliers are 3,9 and 27, meaning that the script will show 3xATR level above the high, 9xATR above the high and 27xATR above the high.
When price is below EMA it looks for the lows and subtracts multiples of ATR from the low.The script will show 3xATR level below the low, 9xATR below the low and 27xATR below the low.
Multipliers values can be changed as well, making it a versatile tool that shows potential levels of suppport/resistance based on the volatility .
Possible use cases:
Breakout trading, when price crosses a certain level, it may show potential profit targets for trades opened at a breakout.
Stoploss helper. Many traders use ATR for their stoplosses, 1 ATR below the swing low for long trades and 1 ATR above the swing high for short trades are common values used by many traders. In this case, the Lookback value comes handy, if we want to look maybe at a more recent value for swing high/low point.
It highlights ATR peaks, it also displays Bollinger bands of SMA400 (or Ema), breakouts for upper/lower bands.
Another thing you get is Parabolic SAR and Zigzag based on SAR.
Baseline-C [ID: AC-P]The "AC-P" version of jiehonglim's NNFX Baseline script is my personal customized version of the NNFX Baseline concept as part of the NNFX Algorithm stack/structure for 1D Trend Trading for Forex. Everget's JMA implementation is used for the baseline smoothing method, with optional ATR bands at 1.0x and 1.5x from the baseline.
NNFX = No Nonsense Forex
Baseline = Component of the NNFX Algorithm that consists of a single moving average
Baseline ---> Meant to be used in conjunction with ATR/C1/C2/Vol Indicator/Exit Indicator as per NNFX Algorithm setup/structure. C1 is 1st Confirmation Indicator, C2 is 2nd Confirmation Indicator.
JMA (Jurik Moving Average) is used for the baseline and slow baseline.
A slow baseline option is included, but disabled by default.
The faint orange/purple lines are 1.0x/1.5x ATR from the Baseline, and are what I use as potential TP/SL targets or to evaluate when to stay out of a trade (chop/missed entry/exit/other/ATR breach), depending on the trade setup (in conjunction with C1/C2/Vol Indicator/Exit Indicator)
This script is heavily based upon jiehonglim's NNFX Baseline script for signaling, barcoloring, and ATR.
SSL Channel option included but disabled by default (Erwinbeckers SSL component)
POC (Point of Control) from Volume Profile is included/enabled by default for both the current timeframe and 12HR timeframe
03.freeman's InfoPanel Divergence Indicator was used a reference to replace the current/previous ATR information infopanel/info draw from jiehonglim's script. I'm not sure whether I like the previous way ATR info was displayed vs how I have it currently, but it's something that is completely optional:
Specifically: I am tuning this baseline/indicator for 1D trading as part of the NNFX system, for Forex.
DO NOT USE THIS INDICATOR WITHOUT PROPER TUNING/ADJUSTMENT for your timeframe and asset class.
Note about lack of alerts:
Alerts for baseline crosses (and other crosses) have been purposefully omitted for this version upon initial publication. While getting alerts for baseline crosses under certain conditions/filtered conditions that eliminate low-importance signals and crossover whipsaw would be great, it's something I'm still looking into.
SPECIFICALLY: There are entry, exit, take profit, and continuation signal components in relation to the Baseline to the rest of the NNFX Algorithm stack (ATR/C1/C2/Vol Indicator/Exit Indicator), including but limited to the "1 candle rule" and the "7 candle rule" as per NNFX.
Implementing alerts that are significant that also factor in these rules while reducing alert spam/false signals would be ideal, but it's also the HTF/Daily chart - visually, entry/exit/continuation signal alignment is easy to spot when trading 1D - alerts may be redundant/a pursuit in diminishing returns (for now).
//-------------------------------------------------------------------
// Acknowledgements/Reference:
// jiehonglim, NNFX Baseline Script - Moving Averages
//
// Fractured, Many Moving Averages
//
// everget, Jurik Moving Average/JMA
//
// 03.freeman, InfoPanel Divergence Indicator
//
// Ggqmna Volume stops
//
// Libertus RSI Divs
//
// ChrisMoody, CM_Price-Action-Bars-Price Patterns That Work
//
// Erwinbeckers SSL Channel
//
Manual Back Test LinesI created this indicator to primarily manually test other indicators in replay mode.
To use this indicator generally you will:
Select trade type: long or short
Enter your ATR (enter the actual ATR). The indicator will then calculate and plot your SL and targets based on your values
Default Stop Loss is ATR * 1.5
Default Target 1 is ATR * 1.5
Default Target 2 is ATR * 3
Using this indicator on Replay mode is great. What you do is go back in time. Hit play and as the indicator(s) you use provide signals pause.
Pull up options:
Select trade type
Update ATR value
Change date to entry date. Typically if you are trading off the daily timeframe you are going to wait for your current day candle to close to provide signal. That would mean your entry would be on the next day.
Click play and watch, track and record how trade unfolds.
Future updates:
I'd like to be able to have some way to click one button and have it fire that enter trade right now on chart. Also I'm working on figuring out how to calculate the ATR on the entry date so that isn't required to be entered.
Finally, I'd like to have some auto calculation on when targets and SL are hit. I have this partially done but it's more important that I use this indicator than spend time or funds to update it to do that. But I do plan on updating.
Pro Market Toolkit (TH) v2.4 — S/R + Zones + ATR Bands + Alertsรายละเอียด (ภาษาไทย):
อินดิเคเตอร์ชุดเครื่องมือครบวงจรสำหรับนักเทรด
คำนวณ แนวรับ–แนวต้าน (Support / Resistance) อัตโนมัติจากสวิง (Pivot High/Low)
สร้าง Supply/Demand Zones จาก ATR เพื่อหาพื้นที่กลับตัวสำคัญ
วาดเส้น Moving Average และ ATR Bands เพื่อประเมินแนวโน้มและความผันผวน
แสดงสัญญาณ Breakout และ Bounce/Reject อย่างชัดเจนบนกราฟ
รองรับ Alerts สำหรับ 4 เงื่อนไขสำคัญ: Breakout ขึ้น/ลง, Demand Bounce, Supply Reject
มีตารางแสดง Trend และค่า ATR ปัจจุบัน
เหมาะสำหรับผู้ที่ต้องการดูแนวโน้ม, หาจุดเข้า/ออก และรับการแจ้งเตือนอัตโนมัติ โดยไม่ต้องเฝ้ากราฟตลอดเวลา
Description (English):
A comprehensive trading toolkit indicator for professional traders.
Automatically detects Support/Resistance levels using swing pivots
Generates Supply/Demand Zones based on ATR to highlight potential reversal areas
Plots Moving Average and ATR Bands for trend and volatility analysis
Displays clear signal markers for Breakouts and Zone Bounces/Rejects
Provides Alerts for 4 key conditions: Breakout Up/Down, Demand Bounce, Supply Reject
Includes an on-chart table showing the current Trend and ATR value
Ideal for traders who want automatic key levels, zones, and signal alerts without the need to monitor the chart constantly.
Engulfing Candles (ATR-Based) with Volume SpikeOverview:
This script is designed to detect high-probability bullish and bearish engulfing patterns — but with a twist: it filters them through ATR-based volatility and confirms strength with volume spikes, all while offering optional trend filtering. It's built for traders who want more than just surface-level candle patterns — it's for those who want contextual confirmation before entering a trade.
What Makes It Different:
Most engulfing candle indicators simply match two candle shapes. This script goes deeper by:
Measuring candle body size relative to recent volatility (via ATR).
Checking for volume confirmation using a dynamic spike threshold.
Filtering based on trend context using SMA-based structure detection.
This tri-layered logic aims to avoid false positives and give traders cleaner, more actionable entries that align with momentum.
Core Concepts:
1. Trend Detection (Optional)
You can choose between two structural filters:
SMA50 only: Looks for price above or below the 50-period SMA to define trend direction.
SMA50 + SMA200 alignment: A stricter rule requiring both fast and slow SMAs to confirm a trend.
Or turn off trend filtering entirely (No detection).
This helps ensure engulfing setups appear in line with the broader trend, increasing the likelihood of continuation.
2. ATR-Filtered Candle Bodies
To eliminate noise:
A candle is only considered a valid engulfing candle if it has a body larger than 1.5× ATR(14).
The previous candle must be a small-bodied candle (less than 0.5× ATR), creating a clear visual engulfing structure.
This method dynamically adjusts for market volatility, so setups are meaningful even during periods of compression or expansion.
3. Volume Spike Confirmation
Not all engulfing candles lead to follow-through. That’s why this script includes a volume confirmation filter:
A 20-period moving average of volume is calculated.
A spike is flagged if the current bar’s volume exceeds 1.5× this average (adjustable).
Patterns with this confirmation are marked with a “*” label (e.g., BU* or BE*) to distinguish volume-backed setups from weaker ones.
Visuals & Alerts:
BU = Bullish engulfing without volume spike
BU* = Bullish engulfing with volume spike
BE = Bearish engulfing without volume spike
BE* = Bearish engulfing with volume spike
A white background highlight is shown behind candles with volume-confirmed engulfing patterns.
Alerts are available for BU* and BE* so you can automate your edge.
How to Use:
Add the indicator to any chart.
Choose your trend filter from the settings panel.
Watch for BU* and BE* labels — these are your highest-conviction signals.
Optional: Combine with support/resistance, Fibonacci zones, or MTF confirmation to refine entries.
Use the included alerts to receive real-time push/email notifications when patterns emerge.
Performance Note:
I’ve found this script to be fairly good when applied to the 1-hour charts of the companies in the US100. The combination of ATR-based filtering and volume confirmation appears to provide clear, high-quality setups with good follow-through potential.
By blending candle patterns, volatility filtering, volume confirmation, and trend context, this script aims to filter out weak signals and highlight the most statistically significant engulfing opportunities.
True Range eXpansion🕯️ TRX — True Range eXpansion
Clean Candle Bodies · Volatility Bands · Adaptive Range Envelope System
Not your grandfather’s candles. Not your brokerage’s bands.
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TRX begins with a simple concept: visualize the true range of every candle, without the noise of flickering wicks.
From there, it grows into a fully adaptive price visualization framework.
What started as a candle-only visualizer evolved into a modular, user-controlled price engine.
From wickless candle clarity to dynamic volatility envelopes, TRX adapts to you.
There are plenty of band and channel indicators out there — Bollinger, Keltner, Donchian, Envelope, the whole crew.
But none of them are built on the true candle range, adaptive ATR shaping, and full user control like TRX.
This isn’t just another indicator — it’s a new framework.
Most bands and channels are based on close price and statistical deviation — useful, but limited.
TRX uses the full true range of each candle as its foundation, then applies customizable smoothing and directional ATR scaling to form a dynamic, volatility-reactive envelope.
The result? Bands that breathe with the market — not lag behind it.
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🔧 Core Features:
🕯️ True Range Candles — Each candle is plotted from low to high, body-only, colored by open/close.
📈 Adjustable High/Low Moving Averages — Select your smoothing style: SMA, EMA, WMA, RMA, or HMA.
🌬️ ATR-Based Expansion — Bands dynamically breathe based on market volatility.
🔀 Per-Band Multipliers — Fine-tune expansion individually for the upper and lower bands.
⚖️ Basis Line — Optional centerline between bands for structure tracking and equilibrium zones.
🎛️ Full Visual Control — Width, transparency, color, on/off toggles for each element.
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🧠 Default Use Case:
With the included default settings, TRX behaves like an evolved Bollinger Band system — based on True Range candle structure, not just close price and standard deviation.
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🔄 How to Zero Out the Bands (for Minimalist Use):
Want just candles? A clean MA? Single band? You got it.
➤ Use TRX like a clean moving average:
• Set ATR Multiplier to 0
• Set both Band ATR Adjustments to 0
• Leave the Basis Line ON or OFF — your call
➤ Show only candles (no bands at all):
• Turn off "Show High/Low MAs"
• Turn off Basis Line
➤ Single-line ceiling or floor tracking:
• Set one band’s Transparency to 100
• Use the remaining band as a price envelope or support/resistance guide
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🧬 Notes:
TRX can be made:
• Spiky or silky (via smoothing & ATR)
• Wide or tight (via multipliers)
• Subtle or aggressive (via color/transparency)
• Clean as a compass or dirty as a chaos meter
Built by accident. Tuned with intention.
Released to the world as one of the most adaptable and expressive visual overlays ever made.
Created by Sherlock_MacGyver
Range Filter Strategy with ATR TP/SLHow This Strategy Works:
Range Filter:
Calculates a smoothed average (SMA) of price
Creates upper and lower bands based on standard deviation
When price crosses above upper band, it signals a potential uptrend
When price crosses below lower band, it signals a potential downtrend
ATR-Based Risk Management:
Uses Average True Range (ATR) to set dynamic take profit and stop loss levels
Take profit is set at entry price + (ATR × multiplier) for long positions
Stop loss is set at entry price - (ATR × multiplier) for long positions
The opposite applies for short positions
Input Parameters:
Adjustable range filter length and multiplier
Customizable ATR length and TP/SL multipliers
All parameters can be optimized in TradingView's strategy tester
You can adjust the input parameters to fit your trading style and the specific market you're trading. The ATR-based exits help adapt to current market volatility.
Pivot ATR Zones [v6]🟩 Pivot ATR Zones
Overview:
The Pivot ATR Zones indicator plots dynamic support and resistance zones based on pivot highs and lows, combined with ATR (Average True Range) volatility levels. It helps traders visually identify potential long and short trade areas, along with realistic target and stop loss zones based on market conditions.
Features:
Automatically detects pivot highs and lows
Draws ATR-based entry zones on the chart
Plots dynamic take-profit and stop-loss levels using ATR multipliers
Color-coded long (green) and short (red) zones
Entry arrow markers for clearer trade visualization
Real-time alerts when new zones form
Best For:
Scalpers, intraday traders, and swing traders who want a visual, volatility-aware way to mark potential trade areas based on key pivot structures.
How to Use:
Look for newly formed green zones for long opportunities and red zones for short setups.
Use the dashed lines as dynamic take-profit and stop levels, tuned to the current ATR value.
Combine with other confirmation tools or indicators for optimal results.
DDDDD: ATR & ADR Table + Suggested Time-based Exit📈 DDDDD: ATR & ADR Table + Suggested Time-based Exit
This indicator provides a simple yet powerful table displaying key volatility metrics for any timeframe you apply it to. It is designed for traders who want to assess the volatility of an asset, estimate the average time required for a potential move, and define a time-based exit strategy.
🔍 Features:
Displays ATR (Average True Range) for the selected length
Shows Average Range (High-Low) and Maximum Range over a configurable number of bars
Calculates Avg Bars/Move → average number of bars needed to achieve the maximum range
Calculates Recommended Exit Bars → suggested maximum holding period (in bars) before considering an exit if price hasn’t moved as expected
All values dynamically adjust based on the chart’s current timeframe
Outputs values directly in a table overlay on your main chart for quick reference
📝 How to interpret the table:
Field Meaning
ATR (14) Average True Range over the last 14 bars (volatility indicator)
Avg Range (20) Average High-Low range over the last 20 bars
Max Range Maximum High-Low range observed in the last 20 bars
Avg Bars/Move Average number of bars it takes to achieve a Max Range move
Rec. Exit Bars Suggested max holding period (bars) → consider exit if move hasn’t occurred
✅ How to use:
Apply this indicator to any chart (works on minutes, hourly, daily, weekly…)
It will automatically calculate based on the chart’s current timeframe
Use ATR & Avg Range to gauge volatility
Use Avg Bars/Move to estimate how long the market usually takes to achieve a big move
Use Rec. Exit Bars as a soft stop — if price hasn’t moved by this time, consider exiting due to declining probability of a breakout
⚠️ Notes:
All values are relative to your current chart timeframe. For example:
→ On a daily chart, ATR represents daily volatility
→ On a 1H chart, ATR represents hourly volatility
“Bars” refers to the bars of the current timeframe. Always interpret time accordingly.
Perfect for traders who want to:
Time their trades based on average volatility
Avoid overholding losing positions
Set time-based exit rules to complement price-based stoplosses
RSI + ADX + ATR Combo Indicator: RSI + ADX + ATR Combo Filter
This indicator is a confluence filter tool that combines RSI, ADX, and ATR into a single, easy-to-read chart overlay. It is designed to help traders identify low-volatility, non-trending zones with balanced momentum—ideal for strategies that rely on breakouts or reversals.
🔍 Core Components:
RSI (Relative Strength Index)
Standard RSI with custom upper and lower bounds (default: 60 and 40).
Filters out extreme overbought/oversold regions and focuses on price consolidation zones.
ADX (Average Directional Index)
Measures trend strength.
When ADX is below a custom threshold (default: 20), it indicates a weak or range-bound trend.
ATR (Average True Range)
Represents volatility.
Low ATR values (default threshold: 2.5) are used to filter out high-volatility environments, helping refine entries.
🟣 Signal Logic:
A signal is highlighted with a background color when all three conditions are met:
RSI is between lower and upper bounds (e.g., 40 < RSI < 60) ✅
ADX is below the trend threshold (e.g., ADX < 20) ✅
ATR is below the volatility threshold (e.g., ATR < 2.5) ✅
These combined conditions suggest a low-volatility, low-trend strength, and balanced momentum zone—perfect for anticipating breakouts or strong directional moves.
