OPEN-SOURCE SCRIPT

Minimum Average True Range

I use ATR a lot when designing trading strategies, this way the strategy adjusts to the instrument in most cases instead of me plugging in special numbers.

However, ATR itself could get spiked by some violent moves. For this I have created MinATR which I am publishing here.

It is effectively ATR + minimum ATR over the last "Min Length" bars. (this is a parameter which I have defaulted to 50).

So use this the same way you use ATR, but it will also show the min ATR over the last "Min Length" periods.
ATRAverage True Range (ATR)sizing

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?


Follow me for some interesting Risk:Reward ideas. I have a purely technical analysis approach. I mainly watch and trade US stocks that have weekly options. This is not an investment advice, do your own due diligence.
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