PROTECTED SOURCE SCRIPT
ATR-M
Simple ATR with a moving average signal line. Play with the inputs, I suggest making the MA longer than the ATR length for a more reactive outcome. This is a great tool for trend trading!
There are two main uses for this indicator:
1. Filtering out losing trades
- Take trades when the ATR is above the signal line.
2. Identifying trends and slow downs to trends
- Ride trending markets.
- Be weary of the ATR crossing below the signal line, a reversal or pause in the trend is coming.
I'm sure something like this exists on TV but I haven't seen it yet. I'm new to making indicators and trading in general yet this tool looks to eliminate a lot of losing trades my entry indicator took during noisy/dead markets.
I hope this helps somebody out!
There are two main uses for this indicator:
1. Filtering out losing trades
- Take trades when the ATR is above the signal line.
2. Identifying trends and slow downs to trends
- Ride trending markets.
- Be weary of the ATR crossing below the signal line, a reversal or pause in the trend is coming.
I'm sure something like this exists on TV but I haven't seen it yet. I'm new to making indicators and trading in general yet this tool looks to eliminate a lot of losing trades my entry indicator took during noisy/dead markets.
I hope this helps somebody out!
Script protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Script protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.