PROTECTED SOURCE SCRIPT

ATR Scaling Indicator

2 526
ATR Scaling Indicator

  • Objective - Use for entry point

  • Description - ATR Scaling is the introduction of Average True Range to scaling it into 1 Standard diviation. Since the average Ture Range in general has a wide distribution of data, we need to scaling the data to reduce fragmentation.

  • Applications - The principle of ATR Scaling is to use it as an entry point when the value of the Scaling ATR crosses above the lower band of the Bolinger Band.

  • Recommendation - The fact that ATR Scaling has crossed above the lower band is not indicative of a trend in the market. ATR Scaling should be used in conjunction with indicators used to filter trend, for example Supertrend, Exponancial Moving Average.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。