OPEN-SOURCE SCRIPT
ATR Rope Strategy - Jaxon0007
🔹 Overview
The ATR Trend Rope is a volatility-based trend detection tool designed to adapt dynamically to price movements.
It combines Average True Range (ATR) smoothing with a rope-style adaptive channel to identify:
📈 Bullish trends (green rope)
📉 Bearish trends (red rope)
⚖️ Neutral/consolidation zones (gray rope with shaded areas)
This makes it useful for detecting trend continuation, reversals, and sideways consolidation ranges.
🔹 Features
✔️ Adaptive Rope Line → Filters out market noise using ATR.
✔️ ATR Channel → Upper & lower dynamic levels for volatility tracking.
✔️ Consolidation Zones → Highlights sideways price action.
✔️ Dynamic Colors → Instant visual feedback of trend direction.
🔹 How to Use
Trend Detection
Green rope = bullish trend (look for longs).
Red rope = bearish trend (look for shorts).
Gray rope = neutral / range (avoid trend trades).
Consolidation Zones
Shaded areas represent sideways phases.
Breakouts from these zones often lead to strong moves.
ATR Channel
Optional channel lines act as dynamic support/resistance.
Price above channel → strong bullish pressure.
Price below channel → strong bearish pressure.
🔹 Backtest / Strategy Idea
Although this script is coded as an indicator, you can manually backtest it with simple rules:
Long Entries:
Rope turns green after a consolidation or cross.
Confirm with price closing above rope.
Short Entries:
Rope turns red after a consolidation or cross.
Confirm with price closing below rope.
Exit / Stop-Loss:
Exit when rope flips color.
Stop-loss can be placed at ATR channel levels.
This system can be turned into a strategy by adding entry/exit conditions directly in Pine Script (optional).
🔹 Settings
Price Source: Default close (can be changed).
ATR Period: Default 14.
ATR Multiplier: Default 1.5 (controls sensitivity).
Show Consolidation Zones: On/Off toggle.
Show ATR Channel: On/Off toggle.
The ATR Trend Rope is a volatility-based trend detection tool designed to adapt dynamically to price movements.
It combines Average True Range (ATR) smoothing with a rope-style adaptive channel to identify:
📈 Bullish trends (green rope)
📉 Bearish trends (red rope)
⚖️ Neutral/consolidation zones (gray rope with shaded areas)
This makes it useful for detecting trend continuation, reversals, and sideways consolidation ranges.
🔹 Features
✔️ Adaptive Rope Line → Filters out market noise using ATR.
✔️ ATR Channel → Upper & lower dynamic levels for volatility tracking.
✔️ Consolidation Zones → Highlights sideways price action.
✔️ Dynamic Colors → Instant visual feedback of trend direction.
🔹 How to Use
Trend Detection
Green rope = bullish trend (look for longs).
Red rope = bearish trend (look for shorts).
Gray rope = neutral / range (avoid trend trades).
Consolidation Zones
Shaded areas represent sideways phases.
Breakouts from these zones often lead to strong moves.
ATR Channel
Optional channel lines act as dynamic support/resistance.
Price above channel → strong bullish pressure.
Price below channel → strong bearish pressure.
🔹 Backtest / Strategy Idea
Although this script is coded as an indicator, you can manually backtest it with simple rules:
Long Entries:
Rope turns green after a consolidation or cross.
Confirm with price closing above rope.
Short Entries:
Rope turns red after a consolidation or cross.
Confirm with price closing below rope.
Exit / Stop-Loss:
Exit when rope flips color.
Stop-loss can be placed at ATR channel levels.
This system can be turned into a strategy by adding entry/exit conditions directly in Pine Script (optional).
🔹 Settings
Price Source: Default close (can be changed).
ATR Period: Default 14.
ATR Multiplier: Default 1.5 (controls sensitivity).
Show Consolidation Zones: On/Off toggle.
Show ATR Channel: On/Off toggle.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
✨ Shared Success | Trusted Growth ✨
🚀 Profit Sharing 50/50 – Discipline & Transparency
📊 Free Signals: 👉 t.me/Forexcryptoaccountms
💼 Account Management: DM me or join the channel
🚀 Profit Sharing 50/50 – Discipline & Transparency
📊 Free Signals: 👉 t.me/Forexcryptoaccountms
💼 Account Management: DM me or join the channel
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
✨ Shared Success | Trusted Growth ✨
🚀 Profit Sharing 50/50 – Discipline & Transparency
📊 Free Signals: 👉 t.me/Forexcryptoaccountms
💼 Account Management: DM me or join the channel
🚀 Profit Sharing 50/50 – Discipline & Transparency
📊 Free Signals: 👉 t.me/Forexcryptoaccountms
💼 Account Management: DM me or join the channel
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.