In trade position setup, we always need to determine the market structure and manage the position sizing in a short period of decision time. Indicators such as moving average, initial stop loss and trailing stop loss are always helpful.
This indicator put all these handy tools into a single toolkit, which includes the following price action and risk management...
Hello Traders,
A very simple code aiming to help you size your position, according to the amount you're accepting to lose AND the current volatility ATR.
Why is it important to use ATR size ? Markets move, and having fixed stoploss values will lead to getting stopped out in case of volatility increase.
You also need to size down your trades in case of more...
Set stop price and add-position price according to the cost and current ATR.
You may set an alert with the condition when the stock price crossing down the Stop Price.
Example:
stock price: $150
volatility multiple: 2
current ATR: $3
stop price = $150 - $3 * 2 = $144
add-position price = $150 + $3 * 2 / 2 = $153
A popular trend indicator based on ATR. Similar to the SuperTrend but uses a different trend's identification logic.
I am publishing a disclosed code without license. Remember that in the future you may see a lot of paid IO scripts called BuySellScalper, Trend Trader Karan, Trend Trader and etc (by other authors) which will be based on this script. I found the...
INSTEAD OF HAVING AN EXTRA TAB AT BOTTOM OF THE CHART THIS ATR DOES THE SAME WORK WITHOUT GIVING ANY ADDITIONAL TABS. IT JUST GIVES A VALUE AT THE LEFT HAND SIDE TOP, WHERE WE SEE ALL OUR INDICATOR SETTINGS DISPLAYED. AS ATR IS USED MAJORLY FOR SETTING UP PROPER STOPLOSS THE ONLY THING I PERSONALY NEED IN HANDY IS THE VALUE AT THE SIDE.
HOPE THAT THIS HELPS FOR...
Hello this is my new adapt indicator "G-ATR Box V.1"
It's just nearly normal ATR but I create in box color. My problem when I use ATR trailing stop my screen is not clean and when I use finonacci or trend line is hard to see.
How to use
Blue = Pre-buy : Waiting for another buy signal
Green = Buy : Holding the stock
Yellow = Weak uptrend : Waiting for Sell...
The Auto Position Sizing Risk Reward indicator shows different Risk levels 1, 1.5, 2 and 3 based on your risk amount and uses an auto Stoploss level based on the ATR.
You can set the values for the "Note or Title", "Risk Amount", "Entry", "Target Price", "Stop Loss Distance", "Default Risk/Reward" and ATR settings.
The "auto" part comes into play when you...
This script basically uses default ATR and then
Multiplies with ATR multiplier (3 for crypto and 2 for forex) - you can change the values from the settings if you like
Adds/subtracts from the current price
And tries to find a bound on both side of price
We often want to use a stop loss at a certain low - N*ATR,
But it is too troublesome to manually calculate a certain day low - ATR.
This indicator simply calculates it for you, by marking the value of day low - ATR.
By default the hardcoded ATR value is 0, which means "Uses the ATR at that day with configured look back period".
If you want to use a specific ATR...
This indicator plots pivot points with support and resistance lines based on average true range (ATR). ATR is one of the best volatility and trading range predictors, so it can be very useful for finding confluence in any strategy.
From an article by Rajesh Kayakkal:
"Early bear phase signals can help you get out of the market before it turns down. This indicator tells you how.
There are many ways to identify the trend of a financial market, the most common being the 200-day exponential moving average (Ema). When price is trending down below the 200-day Ema, the market is believed to be in...
Hi Traders,
This is an on chart indicator that can be used for setting take profit and stop losses very easily using the Average True Range Indicator (ATR). Using a volatility adjusted TP and SL will allow you to set your targets and losses based on market conditions. In the settings, you are able to adjust how much of a multiplier you require depending on your...
World Clocks - something for fun
Happy New Year!
ps: in case no update on the charts then the clock will not update too and will lag or stop till a new update is received
Greetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com).
This one is called Projection.
Projection is based off the same Principle as some of my other scripts, such as Trade Manager() and Price...
Greetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com).
This one is called User-Inputed Time Range & Fibs.
The idea behind this script is to record the Range Highs and Lows of a User Defined...
Greetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com).
This one is called Price Predictor.
How To Use Price Predictor
Price Predictor acquires potential targets by measuring the Average...
Greetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com).
This one is called Trade Manager.
How To Use Trade Manager
Trade Manager acquires potential targets by measuring the Average Change of...
![GBPUSD: [JRL] ATR Pivot Points](https://s3.tradingview.com/8/89LYsUXa_mid.png "[JRL] ATR Pivot Points")
