█ OVERVIEW This indicator plots the upside and downside ATR levels popularized by Trader Dante. █ CONCEPTS Beyond a level's boundary, a market is trading over its average volatility. The indicator adds confirmation to "reversal" setups located at likely mean reversion. Oppositely, it highlights trades with an increased risk where the price is...
Plots the daily ATR on the chart as upper and lower levels. It can be use to adapt your trading in high and low periods of market volatility, determine reasonable target or take profit, entry at likely mean reversion, stop loss beyond normal flows etc... More on the script behavior: - Daily ATR upper/lower levels are applied on the current day low/high; - The...
Tom Dante's swing failure pattern regarding swings. Explanation: Swing high, price goes above swing high but closes below swing high = Bearish swing failure pattern (red) Swing low, price goes below swing low but closes above swing low = Bullish swing failure pattern (green) Might be good in combination with other indicators.