OPEN-SOURCE SCRIPT
ATR Candles
Atualizado
Average true range (ATR) is a market volatility indicator used to show the average range prices swing over a specified period.
The ATR Candles indicator has two primary functions. First, it measures a short-term ATR against a longer-term ATR to show if volatility is contracting or expanding.
Secondly, this indicator goes a step further by highlighting individual candles that exceed or fall below user selected ATR thresholds.
Moments of volatility contraction often lead to expansion and vice versa. By using the ATR Candles traders can identify potential imminent breakouts/breakdowns or healthy pullbacks vs a volatile correction.
Indicator Features
The ATR Candles indicator has two primary functions. First, it measures a short-term ATR against a longer-term ATR to show if volatility is contracting or expanding.
Secondly, this indicator goes a step further by highlighting individual candles that exceed or fall below user selected ATR thresholds.
Moments of volatility contraction often lead to expansion and vice versa. By using the ATR Candles traders can identify potential imminent breakouts/breakdowns or healthy pullbacks vs a volatile correction.
Indicator Features
- Selectable ATR lengths
- Selectable threshold limits (1 contraction / 2 expansion)
- Calculate current candles range from open / previous close / daily range
- Custom colors
- Show or hide every element
Notas de Lançamento
Added option to see ATR Range Boxes.If there is a candle that meets the requirements for an Expansion Candle there is now the option to draw a box around the range selected from your ATR source. Box will continue to extend until price breaks the top or bottom of the range.
You can also chose the maximum number of boxes to see on the chart, to only see the last box set this number to 1.
Modified TradingView's Gap indicator for the methods to create and manage the boxes.
Notas de Lançamento
Removed the boxes from the last update to just be simple lines plotted at the open and closing price the latest expansion candle. Notas de Lançamento
Code clean up from last update. Notas de Lançamento
Update to give user choice between ATR or ADR. Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Trusted Pine programmer. Send me a message for script development.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.