The indicator measures the relationship between (ATR) that shows how much an asset moves, on average, during a given time frame and Standard Deviation that measuring how widely asset prices are dispersed from the average price. If prices trade in a narrow trading range, the relationship between the ATR and SD will return a low value that indicates low that will lead to potential price quick movement.
To increase the accuracy of the indicator and reduce false signals, it generates three circles, each indicate protentional price quick movement coming. For circle to print, following criteria must meet:
• Green Circle is based on low and both ATR and SD are at minimum value for a short pre-defined time frame.
• Magenta Circle is based on low and SD are at minimum value for a long pre-defined time frame.
• Yellow Circle is based on low and SD are at minimum value for a short pre-defined time frame and Average Index reaching to pre-defined level.
The indicator focuses mainly on identifying potential price quick movement. However, it is equipped with two signal that is generated upon crossing the channel upper or lower bands to help identifying the direction of the price movements but the user shall study the chart on big time frame to confirm the direction of the price movement.
If you would like to use it, please drop a message or find other contact under my signature.
After purchase, open the TradingView indicator library. Under the Invite-Only Scripts section, you will see it. Add it to your chart and save your chart layout.
Green circle: "Mid" mean Medium low volatility signal.
Fuchsia circle: "High" mean Very low volatility signal.
Yellow circle: "ADX" squeeze linked with Average Directional Movement Index.
اضافه خبير القمم والقيعان
Also include a panel that shows the price basic information such as pivots support and resistance, Moving Averages, 52 week high and low and daily average price range.
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