As simple as it gets, channels based on high, low and ATR distances, Shows possible short term support / resistance or can be used as a take profit/stop-loss in some trading systems. It does this by comparing high/low values of price to multiplied by a multiple of ATR to determine when the trend changes. States are included to change the sensitivity to trend...
ER-Adaptive ATR, STD-Adaptive Damiani Volatmeter is a Damiani Volatmeter with both Efficiency-Ratio Adaptive ATR, used in place of ATR, and Adaptive Deviation, used in place of Standard Deviation.
What is Adaptive Deviation?
By definition, the Standard Deviation (STD, also represented by the Greek letter sigma σ or the Latin letter s) is a measure that is...
Average True Range (ATR) is widely used indicator in many occasions for technical analysis. It is calculated as the RMA of true range. This version adds a "twist": it uses Perry Kaufman's Efficiency Ratio to calculate adaptive true range
You can use this indicator the same way you'd use the standard ATR.
![EURUSD: ER-Adaptive ATR Limit Channels w/ States [Loxx]](https://s3.tradingview.com/3/3HVBY2wE_mid.png "ER-Adaptive ATR Limit Channels w/ States [Loxx]")
![BTCUSDT: ER-Adaptive ATR, STD-Adaptive Damiani Volatmeter [Loxx]](https://s3.tradingview.com/f/fiUYeyJm_mid.png "ER-Adaptive ATR, STD-Adaptive Damiani Volatmeter [Loxx]")
![BTCUSDT: ER-Adaptive ATR [Loxx]](https://s3.tradingview.com/7/7ywmpaOY_mid.png "ER-Adaptive ATR [Loxx]")