OPEN-SOURCE SCRIPT

MA, MATR, ChEx | All in One - 4CR CUP

Mis à jour
In trade position setup, we always need to determine the market structure and manage the position sizing in a short period of decision time. Indicators such as moving average, initial stop loss and trailing stop loss are always helpful.

This indicator put all these handy tools into a single toolkit, which includes the following price action and risk management indicators:
  • MA - Moving Average
  • MATR - Moving Average less Average True Range
  • ChEx - Chandelier Exit



This script further enhances the setting so that you can easily customize the indicators.

For both the Moving Averages and the Moving Average less Average True Range , you can pick a type of moving average which suits your analysis style from a list of commonly used moving average formulations: namely, EMA , HMA , RMA, SMA and WMA , where EMA is selected as default.

The Moving Average less Average True Range , MATR, is usually applied as a reference to set the initial stop loss whenever opening a new position.

The abbreviation, MATR, is picked, so that this can serve as a handy reminder of a very good trading framework as elaborates as below:
M – Market Structure
A – Area of Value
T – Trigger
R – Risk Management (aka. Exit Strategy)
Notes de version
Adjusted the thinkness of the indicators for clearer visual judgement.
Notes de version
  • This version updates the flexibility in tailoring the ATR period for both Moving Average less ATR, MATR, and Chandelier Exit, ChEx.
    In general, the longer the period for the ATR, the wider the ATR, thus the lower stoploss indicated (for long position).

  • An option to select the price trigger in switching long-short Chandelier Exit is added to fit different trading preference.
    By default, "Close" is selected.

  • An additional moving average for weekly chart, MA Wk, is added.
    When the timeframe of your chart is lower than weekly chart, the weekly moving average, MA Wk, will be shown as a zig zag line, this is recommended to trun it on only when you are reading the weekly chart.
    And by default, its display is set as off.
Notes de version
This version fixes the issue of the zig zag weekly moving average to a smoothen line.
Average True Range (ATR)chandelierexitchexExponential Moving Average (EMA)HMAmatrrmasmastoplossWeighted Moving Average (WMA)

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.

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