SFX Trend or Range
A remarkably simple but very useful indicator. Earlier and clearer signals than ADX or VHF. More positive ranging signal than any other indicators.
Aqua = ATR
Orange = StdDev
Red = Smoothed Moving Average of the StdDev
Usage:
Any pair, any time frame. Best used on majors and M15 period or higher
Aqua = ATR
Orange = StdDev
Red = Smoothed Moving Average of the StdDev
Usage:
Any pair, any time frame. Best used on majors and M15 period or higher
- Orange breaks above Red when below Aqua = Trend building
- Orange breaks below Red when above Aqua = Trend exhausting
- Orange below Red when below Aqua = Ranging/Sideways market
study(title="SFX Trend or Range", shorttitle="SFX TOR") ATR_len = input(12, title="ATR Length") StdDev_len = input(12, title="StdDev Length") SMA_len = input(3, title="SMA Length") ATR = atr(ATR_len) StdDev = stdev(close, StdDev_len) SMA = sma(StdDev, SMA_len) plot(ATR, linewidth=2, color=aqua, title="ATR") plot(StdDev, color=orange, title="StdDev") plot(SMA, color=red, title="SMA")