Hi traders, As you know, ATR trailing stop is very popular indicator. So I decided to make my own one. The logic is simple. If the price is above the RMA(src,len), then put a SL at OPEN - ATR value of that time period otherwise, put a SL at OPEN + ATR value of that time period. Stay safe ^^
Displays the following values in a table in the upper right corner of the chart: ADR%: Average daily range (in percent). ATR: Average true range (hidden by default). LoD dist.: Distance of current price to low of the day as a percentage of ATR. All values are calculated based on daily bars, no matter what time frame you are currently viewing. Doesn't...
⬤ INDICATOR KEY ⬤ INTRODUCTION The indicator has presented as a table to show the perspective result of different indicators to help the user identify the status of the price if it’s extended or not. The table starts with the ATR section, which gives out a better look to compare the current day’s candle wide versus the average candle wide of a certain length...
The stop loss indicator is a single trade indicator to manage risk It tells you the size of the trade you should enter and lets you know where to place stops and when and where to trail your stops to based on ATR, given your entry price and risk amount. Set the date and time once trade is active and once ATR moves above(long)/below(short) entry price you can...
TREX or TPA indicator by SOTTI // The basic version and start of this indicator was set by my good friend Mr Shayan Karimi and we have room to learn from him and this text is here to make this happen. //This indicator is taken from Master Saeed khakestar indicator //Trigger price action -- True Range Exchange -- TPA - TRex how to use this indicator: this...
This is an EMA crossover strategy which involves 5 EMAs to trigger trades. The strategy has two take profit settings and uses a stop loss. TP1 and SL are based on ATR and TP2 is an EMA crossover. The strategy goes both long and short and the default settings work particularly well as a scalping strategy for ETHUSDT on the 5M time frame. I have also created...
An easy to follow indicator for scalping or long term trades. You can add this indicator to other analysis as a complementary indicator or use it alone for entry and exit your trades. Features • Simple entry signals, buy the contract at the end of the signal candle • Additional entry signals can be enabled to increase your position and your profits • Get exit...
-If the FAST EMA is ABOVE the SLOW EMA then the ATR Stops will be placed x amount BELOW the lows -If the FAST EMA is BELOW the SLOW EMA , then the ATR Stops will be placed x amount ABOVE the highs -If the fast ema is above the slow ema but they are sloping down, their colours will turn to a shade of blue -If the fast ema is below the slow ema but they are...
Allows you to define session range with local time and its timezone, also can toggle session visibility any day of week.
Hey there! Hereby I present you the EMA RSI Lowest Low Hidden Divergence strategy, which I discovered on a youtube channel. He has tested the strategy hundreds of times manually, herewith I try to automate the whole thing. Since I use the strategy with a bot, it can only enter long positions for now. But in the future I will add the possibility to trade short...
This Indicator automatically calculate Spinning , Standard , Long and Spike Candles.
Hey traders! This script calculates the average volatility of trading sessions. You specify a start date, an end date, and a session time (eg. market open, Asian session etc) The script then scans through all the price action on your chart and calculates the average price movement during that specified period. What Is It For? I created this script for my own...
I am playing ATR now. This script is made to watch ATR and highest-lowest. ATR is calculated by max of short period and long period. Up cloud is lowest price plus ATR * Multi Dn cloud is highest price decrease ATR* Multi Higher and higher cloud means up trend Lower and lower cloud means dn trend
ATR with HMA experimental minimalist bot for ETHBTC . A strategy for use by Automated Algorithm systems. Different from normal ATR as it uses HMA for smoothing. Example settings result shown here on chart include commission 0.5%
Overview This is a strategy that can be used in the EURUSD 60 time frame. It is a trend-following method that uses Bollinger Bands Expansions. The idea of using Bollinger Bands expansion is well known to the general public, but I don’t know any strategy that this idea has been PINE coded. The three main components of this strategy are as follows. ・Long term BB...
To appreciate dear Mr.Khakestar efforts i have converted his mt4 ATR formula to pine script. All credits goes to him. Special Thanks To shayankm Long Step $ Short Step added DR added Standard SL added Eng.SL and Hunter.SL added. Incompatible default colors with dark theme now are fixed. Colors can be changed from settings. All drawing sizes can be modified from...