Here is my implementation of the No Nonsense Forex way of trading. I've tried to apply most of VP's rules to the best of my coding abilities. As of now, with default settings, the strategy does not perform exceptionally well - however I'm pretty confident there is a combination of settings that will make it profitable across all pairs, and maybe even...
ATR Threshold Measure in short gives an alert when price closes below or above the ATR threshold lines shown on the chart. Each plot for upper and lower threshold is based on the difference in price between the open and close of the last consecutive candle sequence then divided by the number of ATRs set by the indicator to verify if price has indeed closed above...
Simple script based on ATR to calculate your Take Profit and Stop Loss Input variables: ATR Period ( Default: 14 ) TP Multiplier ( Default: 1*ATR ) SL Multiplier ( Default: 1.5*ATR )
Many traders use ATR as a way to determine stop loss placement. It usually works like this: - Stop loss for a short trade = high of last candle + ATR value - Stop loss for a long trade = low of last candle – ATR value This is an indicator that allows you to do just that: it gives you an easy way to view current and historical volatility using ATR-based price...
The old adage goes "Cut losers fast and let the winners run" With this in mind, this will plot a dynamic trailing stop by subtracting any multiplier of the Average True Range (ATR) from the SMA of your choice.
UT Bot indicator was inially developer by @Yo_adriiiiaan Idea of original code belongs @HPotter I can't update my original UT Bot Strategy so I publishing new strategy with backtesting range included. I just took code of Yo_adriiiiaan, cleaned it, deleted all useless pieces of code, transformet to v4 and created a strategy from it. Also I added an input that...
Hello traders, That one is an experiment I was curious to see what a supertrend based on moving average cross could give How does it work? Bull event: fast moving average crossing over the slow moving average Bear event: fast moving average crossing under the slow moving average When the event is triggered, the script will plot the Supertrend as follow UP...
Hello traders Today I present you a Supertrend not based on candle close but based on a CCI (Commodity Channel Index) How does it work? Bull event: CCI crossing over the 0 line Bear event: CCI crossing below the 0 line When the event is triggered, the script will plot the Supertrend as follow UP Trend = High + ATR * Factor DOWN Trend = Low - ATR *...
ATR measures volatility, but you can't compare one instrument vs. another with it because the ATR value will be different depending on the price of the instrument. I went searching for something like ATR but with percentages, so you could compare one stock vs. another to find who is more volatile and found this . It was exactly what I was looking for, so...
Uber Baseline is a highly customizable Baseline component for any trading system. Different strategies can be applied making it a powerful tool for every trader. General Usage The Baseline is used as an indication of the prevailing trend and helps keeping the trader out of bad trades. Price above the Baseline only allows for LONG trades and below Baseline only...
Uber ATR is a customizable ATR indicator that measures volatility within a given time frame. The indicator tells about how much price fluctuates but does not say anything about how much it actually moves into one direction. Use trend following indicators for that purpose. Option: Exclude Unfinished Candle Option to exclude the current unfinished candle from...
Channel based on 100MA & daily ATR / volatility - whole point is to warn and show you where not to participate. Signals can be considered as higher probability trades, short term reversal type scalps - especially effective at FX and stock trading
Trade Risk Management is an Average True Range (ATR) indicator and a Risk Management Worksheet combined. Think widget, spreadsheet or worksheet that calculates how much you should invest in any equity. This enables the trader to very quickly determine the level of volatility of any equity, allowing them to adjust their entry position size based on current and...
TRR calculates the volatility of your stock. This is just the magnitude of each days price fluctuations, or what technicians refer to as the True Range. TRR averages the True Range (ATR) over three different time periods. Why three? You want a sensitive indicator that reflect both the long term historical volatility of the equity as well as what that...
Script is showing previous year, month and day high and low, plus ATR range from the open price on the current day.
Plots the the highest true range for the entire dataset. Beneficial for determine an emergency stopp loss.