ATR Stop Loss Calibrator - Volatility Exit LadderATR Stop Loss Calibrator - Volatility Exit Ladder is an ATR-based exit-reference overlay designed to compare multiple volatility-scaled price distances from a user-selected reference.
The script does not generate entries, market-direction signals, take-profit targets, position sizes, trade recommendations, or broker orders. The terms "Long" and "Short" only identify whether an ATR distance is drawn below or above the active reference price.
Its primary purpose is to help users study how different ATR multipliers, reference models, ATR update policies, and ratcheting methods affect potential exit-reference levels.
Core calculation
The script first calculates True Range as:
True Range = max(
High - Low,
abs(High - Previous Close),
abs(Low - Previous Close)
)
The selected smoothing method is then applied to True Range to calculate ATR.
The available ATR smoothing methods are:
Wilder RMA
EMA
SMA
WMA
Each ladder level is calculated from the active reference price and the ATR value currently in use:
Long Tier n = Reference - ATR Used x Tier Multiplier n
Short Tier n = Reference + ATR Used x Tier Multiplier n
The default multipliers are:
Tier 1 = 1.0 ATR
Tier 2 = 2.0 ATR
Tier 3 = 3.0 ATR
Users can freely modify all three multipliers.
The script keeps the effective tiers in strictly ascending order. If the entered values are out of sequence, the levels are normalized using a minimum 0.05 ATR separation. The readout reports when this normalization has occurred.
Core tier
One of the three tiers can be selected as the Core reference tier.
The Core tier:
Receives the strongest visual emphasis
Is used for the Long and Short cushion calculations
Is used by the reach-state logic
Is used by the core-level alert conditions
The other two tiers remain visible as secondary reference distances.
This makes it possible to compare a primary exit-distance assumption against tighter and wider alternatives without treating every line as equally important.
Reference models
The script provides six reference models.
1. Confirmed bar step
This is the default model.
It uses the selected source value from the previous completed bar together with the previous completed ATR value.
With the default Close source, the levels are recalculated from the prior bar's confirmed close.
This mode updates once per completed bar and is intended for users who prefer stable, confirmed-bar reference values.
2. Live rolling
This model uses the selected source value and developing ATR value from the current bar.
The levels can therefore move while the realtime bar is open.
This mode is intended for users who deliberately want an intrabar volatility ruler rather than a completed-bar reference.
3. Daily snapshot
This model creates a reference at the beginning of each new daily period.
The reference can use either:
The new period's opening price
The previous chart bar's closing price
4. Weekly snapshot
This model uses the same snapshot process at the beginning of each new weekly period.
5. Monthly snapshot
This model uses the same snapshot process at the beginning of each new monthly period.
6. Manual anchor
This model allows the user to enter an independent reference price and start time.
The anchor begins on the first chart bar whose opening time is at or after the selected timestamp.
This can be used to study ATR distances from a price chosen through the user's own analysis. The script does not decide where the manual reference should be placed.
ATR behavior for locked references
Daily, Weekly, Monthly, and Manual references are locked-reference models.
For these models, the ATR value can operate in one of three ways.
Frozen at anchor
The ATR captured when the reference begins remains fixed until the reference resets.
This creates a stable volatility unit for the entire reference cycle.
Confirmed each bar
The reference price remains locked, while the ATR distance is recalculated from the previous completed bar.
This allows the ladder width to adapt to confirmed changes in volatility without moving the underlying reference price.
Live each bar
The reference price remains locked, while the developing ATR value is used.
The ladder can therefore expand or contract while the realtime bar is open.
Exit-distance behavior
Locked-reference models also provide three level behaviors.
1. Non-ratcheting ladder
Each level remains a direct ATR distance from the locked reference.
The levels may still change if Confirmed each bar or Live each bar is selected as the ATR update policy.
2. Immediate ratchet
The ratchet activates as soon as the reference cycle begins.
For the Long side, the script tracks the highest favorable price reached after the anchor and allows the levels to move upward, but not downward.
For the Short side, the script tracks the lowest favorable price reached after the anchor and allows the levels to move downward, but not upward.
3. Delayed ratchet
The ratchet remains inactive until price has moved favorably by a user-selected number of anchor ATR units.
The activation distance is measured from the locked reference using the ATR captured when the reference cycle began.
After activation, the Long levels can only tighten upward and the Short levels can only tighten downward.
Ratchet update timing
Ratchet calculations can use either:
Confirmed bars
Live extremes
Confirmed bars update the favorable extreme and ratchet levels only after a bar closes.
Live extremes allow the ratchet to respond to the developing high or low of the current realtime bar.
Reach evaluation
The selected Core tier can be evaluated using either Close or Wick logic.
Close mode
A Long Core level is considered reached when the closing price is at or below the level.
A Short Core level is considered reached when the closing price is at or above the level.
Wick mode
A Long Core level is considered reached when the bar's low touches or crosses the level.
A Short Core level is considered reached when the bar's high touches or crosses the level.
Confirmed-bar events are enabled by default.
When confirmed-bar ratcheting is used, the current bar is evaluated against the level that existed before that bar was completed. The script does not tighten a level from the current bar's favorable extreme and then assume that the same bar subsequently reached that newly calculated level.
This avoids making an unsupported assumption about whether the bar's high or low occurred first.
The detailed readout can distinguish between:
Not reached
Wick reached
Close beyond
Visual design
The default chart view uses a compact current-level projection rail near the latest bars.
It does not draw six full-width historical bands across the entire chart by default.
The rail includes:
A dashed reference level
Three optional Long-side ATR levels
Three optional Short-side ATR levels
A solid, visually emphasized Core tier
Dotted or dashed secondary tiers
A compact vertical spine connecting each side's visible levels
The Long side uses cyan by default.
The Short side uses pink by default.
The active reference uses yellow by default.
All colors, line widths, visible tiers, rail length, right extension, tag size, and display options can be modified.
Right-edge tags
The default Core only setting displays no more than three primary tags:
Reference
Long Core
Short Core
An All tiers mode is available for users who want to inspect every individual level.
The tags can also be disabled.
Historical research view
The historical ATR path is disabled by default to preserve candle visibility.
When enabled, it displays the recent history of the reference and selected tiers over a user-defined number of bars.
An optional historical ribbon can be added between the reference and the selected Core tier.
The historical view is intended for research and comparison. The compact current rail remains the default presentation.
Readout
The compact readout summarizes:
Active reference price
ATR value in use
ATR as a percentage of the reference
Selected Core tier and multiplier
Long Core price and remaining cushion in ATR units
Short Core price and remaining cushion in ATR units
Current display status
The detailed layout additionally shows:
Reference model
Locked-reference behavior
Ratchet activation state
Core-level reach state
The panel location and text size can be changed from the settings.
Data Window outputs
The script provides the following research values in PulseWire's Data Window:
Active reference
ATR used
ATR as a percentage of the reference
Long Tier 1
Long Tier 2
Long Tier 3
Short Tier 1
Short Tier 2
Short Tier 3
Long Core
Short Core
Long cushion in ATR units
Short cushion in ATR units
These outputs allow users to inspect exact numerical values without adding more text to the chart or indicator status line.
Alerts
The following alert conditions are available:
Long ATR Core reference reached
Short ATR Core reference reached
Any displayed ATR Core reference reached
Long delayed ratchet activated
Short delayed ratchet activated
Locked ATR reference reset
Reach alerts follow the selected Close or Wick test and the Confirmed-bar events setting.
Suggested workflow
1. Select whether to display Both sides, Long only, or Short only.
2. Choose the reference model that matches the intended study.
3. Select the ATR length and smoothing method.
4. Enter three ATR multipliers and choose the primary Core tier.
5. For Daily, Weekly, Monthly, or Manual references, select the ATR update policy and optional ratchet behavior.
6. Select Close or Wick reach evaluation.
7. Keep Confirmed-bar events enabled when stable completed-bar alerts are preferred.
8. Use the compact current rail for normal chart viewing.
9. Enable the historical path only when reviewing how the levels behaved across recent bars.
Example research configurations
Confirmed bar step can be used to compare current price with ATR distances calculated from the prior completed bar.
Daily snapshot with Frozen at anchor can be used to maintain one fixed volatility unit from the daily period open or previous close.
Manual anchor with Delayed ratchet can be used to study how an independently selected reference would behave after a favorable ATR-based excursion.
These are research configurations, not trade recommendations.
Default configuration
The default configuration uses:
Both Long and Short sides
Confirmed bar step
Close as the rolling reference source
ATR length 14
Wilder RMA smoothing
1.0, 2.0, and 3.0 ATR tiers
Tier 2 as the Core tier
Non-ratcheting behavior
Close-based reach evaluation
Confirmed-bar events
Current projection rail enabled
Historical path disabled
Reach markers disabled
Core-only right-edge tags
Compact readout
Calculation behavior
The default Confirmed bar step model uses completed-bar source and ATR values.
The default confirmed event setting also waits for the bar to close before generating a reach event.
Live rolling, Live each bar, Live extremes, or disabling confirmed-bar events intentionally allows values or event states to change while the realtime bar is developing.
The lines projected to the right side of the latest bar are visual extensions only. They do not access future prices or future chart data.
Limitations
ATR is a backward-looking measurement of historical price range. It does not predict future volatility, market direction, reversal probability, or execution quality.
The displayed levels are analytical references. They are not stop orders and are not transmitted to a broker.
Actual order execution may differ from a displayed level because of gaps, spread, slippage, liquidity, market closures, broker rules, or instrument-specific contract conditions.
Results depend on the chart symbol, timeframe, available price history, exchange calendar, and data feed.
Synthetic chart types can produce levels from synthetic OHLC values rather than directly traded prices. Standard price charts are preferable when the levels are being compared with executable market prices.
A narrower ATR multiple is not automatically better, and a wider multiple is not automatically safer. Appropriate distances depend on the user's method, holding period, instrument, risk limits, and execution environment.
"Calibrator" refers to the visual comparison of user-selected ATR distances. The script does not optimize settings, score multipliers, or identify a best parameter.
This indicator is provided for analytical and educational use. It does not constitute investment, financial, or trading advice. All analysis, risk decisions, and order placement remain the user's responsibility. Indicator
ATR Stop Oscillator**What This Indicator Does — In Plain Terms**
This is a trend-following tool that measures how far price has moved away from its own volatility-based "safety line" (the ATR trailing stop), and displays that distance as a bar chart (histogram) below your main price chart — similar in spirit to how RSI or MACD sits below the chart, except this one is tracking distance from a trailing stop instead of momentum.
Here's the core idea in one sentence: **the indicator draws an invisible line that trails behind price and adjusts itself based on volatility (ATR), and the oscillator shows you how many "ATR units" price currently is above or below that line.**
- When the bars are **green and above the zero line**, price is above its trailing stop — meaning the trend is currently bullish/long-favoring.
- When the bars are **red and below the zero line**, price is below its trailing stop — meaning the trend is currently bearish/short-favoring.
- The **farther the bar is from zero**, the more "stretched" price is from its stop, in multiples of ATR (e.g., a reading of 3.0 means price is 3 full ATR units away from the stop line).
- When the bars **flip from red to green (or vice versa)**, that's a trend change — and that's exactly what triggers your alert.
---
**Input-by-Input Breakdown**
**Non-Repainting Signals (`ConfirmOnClose`)**
- **What it does:** Controls whether the trend-change alert waits for the current candle to fully close before firing, or fires immediately as soon as the condition is met — even mid-candle.
- **Why it matters:** If left ON (default), you avoid false or "fake" signals that flip back and forth while a candle is still forming — the alert only confirms once the bar is locked in. If turned OFF, you'll get faster signals, but some of them may reverse or disappear before the candle actually closes, since price is still moving. Think of it as a tradeoff between speed and reliability.
- **Practical use:** Leave this ON for swing trading or anything where you can't watch the chart constantly. Turn it OFF only if you're actively watching the screen and want the earliest possible warning, accepting the risk of a signal that later gets invalidated.
**ATR Period (`Atr`)**
- **What it does:** Sets how many bars are used to calculate the Average True Range (ATR) — the volatility measurement this whole indicator is built on. Default is 5.
- **Why it matters:** A shorter period (like 5) makes the ATR — and therefore the trailing stop and oscillator — more reactive to recent price swings, so it adjusts quickly but can feel "twitchy" or noisy. A longer period (like 20 or 50) smooths things out, making the stop line and oscillator move more slowly and steadily, but it'll lag behind sudden volatility changes.
- **Practical use:** Lower values suit fast-moving or short-timeframe trading (scalping, day trading). Higher values suit slower, longer-term trend following where you don't want to be shaken out by every small wiggle.
**Multiplier (`Mult`)**
- **What it does:** Multiplies the ATR value to determine how far away the trailing stop sits from price. Default is 5.
- **Why it matters:** This directly controls how "loose" or "tight" your trailing stop is. A higher multiplier (like 5 or higher) gives price more room to breathe before the trend is considered reversed — fewer false flips, but bigger moves against you before you get an alert. A lower multiplier (like 1 or 2) tightens the stop, giving you faster trend-change signals, but at the cost of more false flips during choppy/sideways price action.
- **Practical use:** This is your single biggest lever for tuning sensitivity. Tighten it if you're getting alerts too late or missing moves; loosen it if you're getting whipsawed by too many false trend-change alerts during sideways markets.
**Above Stop Color (`PosColor`)**
- **What it does:** Sets the color of the oscillator bars when price is above the trailing stop (positive/bullish readings). Default is green.
- **Why it matters:** Purely visual — it does not affect any calculation, alert, or signal logic. It only changes what you see on the chart.
- **Practical use:** Adjust this to match your personal chart theme or color-blind-friendly palette if needed. No functional impact either way.
**Below Stop Color (`NegColor`)**
- **What it does:** Sets the color of the oscillator bars when price is below the trailing stop (negative/bearish readings). Default is red.
- **Why it matters:** Same as above — cosmetic only, no effect on calculations or alerts.
- **Practical use:** Same as above — purely a visual preference setting.
---
**What You'll See on the Chart**
- A **histogram (bar chart)** oscillating above and below a dashed gray zero line, in your own separate pane below the price chart.
- **Green bars** = price above the ATR trailing stop (bullish state).
- **Red bars** = price below the ATR trailing stop (bearish state).
- **No labels or markers** on the price chart itself — you removed those. All the trend information lives in this oscillator pane only.
**What Triggers an Alert**
- The alert fires only on an actual **trend flip** — meaning the internal trend direction changed from bullish to bearish or vice versa, not just because the oscillator crossed zero on a fluke tick.
- You'll get one alert message telling you whether it flipped **BULLISH** or **BEARISH**, plus two separate alert conditions in PulseWire's alert menu if you'd rather set them up individually.
If any of this doesn't match how you're actually planning to use it (e.g., you want the color inputs to also influence something functional, or you want a numeric readout of the current ATR-multiple value), tell me and I'll adjust — I didn't want to assume beyond what's in the script. Indicator
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NY Open OR/ATR Diff Planner – v2.8 NY Open OR/ATR Diff Planner – v2.8 (Hi-Contrast)
Trade the Opening Range Breakout with a plan, not vibes.
This tool builds the NY Opening Range (OR) from the cash open and overlays a complete, risk-based execution plan: precise entry, structural stop, position size, targets, and R:R — all tied to the Daily ATR(14) and the remaining ATR “fuel” left in the day.
What it does
Opening Range: First N minutes after 09:30 ET (choose 5/15/30/60).
Today-only lines: Automatically resets at 09:30; no carry-over from prior days.
Session aware: Works on RTH or ETH charts. OR always anchors at 09:30 ET.
Fuel model: Computes Session Range (since 09:30) and ATR Diff Left = Daily ATR − Session Range.
Entries & Stops:
Long plan: Entry = ORH, Stop = ORL
Short plan: Entry = ORL, Stop = ORH
Targets:
TP1 = 1R (distance of entry→stop)
TP (ATR-diff cap): Entry ± ATR Diff Left (caps greed when the day’s ATR is nearly spent)
Sizing & R:R: Position size = Account × Risk% / Risk per share, with live R:R to ATR-diff target.
Hi-contrast table: Clear readout of Daily ATR, OR size, OR/ATR%, Session Range, ATR left, entries/stops/TPs, size, and max $ risk.
Inputs
Opening Range (minutes): 5 / 15 / 30 / 60
Account Size ($) and Risk % per trade
Session mode: RTH (09:30–16:00) or ETH (chart’s session; still anchored at 09:30)
Also show Short plan (toggle)
Show info table (toggle)
How to use
Add on a 1–5m chart.
Choose your OR window (e.g., 15m = 09:30–09:45).
Set Account Size and Risk % (e.g., 4–5% for small accounts; adjust to taste).
Wait for the OR to complete.
Trade the break/retest with the levels shown:
Long: Break of ORH, SL at ORL, TP1 = 1R, TP2 = ATR-diff cap.
Short: Mirror logic.
If OR/ATR% > ~50% (red), the “fuel” is thin — be selective.
Why it helps build an edge
Objective structure: Clear levels and sizing remove guesswork.
Context-aware targets: ATR-diff keeps targets realistic to the day’s potential.
Discipline by design: One framework that’s easy to review, journal, and iterate.
Notes
This is an indicator (visual planner), not an order-placing strategy.
If you want a back testable version (one trade/day, optional retest rule, TP/SL logic), say the word — I can publish a strategy variant.
Keywords: ORB, Opening Range, ATR, Risk Management, Position Sizing, Day Trading, NYSE Open, Mean Reversion Fuel, Execution Planner Indicator
ATR Buy, Target, Stop + OverlayATR Buy, Target, Stop + Overlay
This tool is to assist traders with precise trade planning using the Average True Range (ATR) as a volatility-based reference.
This script plots buy, target, and stop-loss levels on the chart based on a user-defined buy price and ATR-based multipliers, allowing for objective and adaptive trade management.
*NOTE* In order for the indicator to initiate plotted lines and table values a non-zero number must be entered into the settings.
What It Does:
Buy Price Input: Users enter a manual buy price (e.g., an executed or planned trade entry).
ATR-Based Target and Stop: The script calculates:
Target Price = Buy + (ATR × Target Multiplier)
Stop Price = Buy − (ATR × Stop Multiplier)
Customizable Timeframe: Optionally override the ATR timeframe (e.g., use daily ATR on a 1-hour chart).
Visual Overlay: Lines are drawn directly on the price chart for the Buy, Target, and Stop levels.
Interactive Table: A table is displayed with relevant levels and ATR info.
Customization Options:
Line Settings:
Adjust color, style (solid/dashed/dotted), and width for Buy, Target, and Stop lines.
Choose whether to extend lines rightward only or in both directions.
Table Settings:
Choose position (top/bottom, left/right).
Toggle individual rows for Buy, Target, Stop, ATR Timeframe, and ATR Value.
Customize text color and background transparency.
How to Use It for Trading:
Plan Your Trade: Enter your intended buy price when planning a trade.
Assess Risk/Reward: The script immediately visualizes the potential stop-loss and target level, helping assess R:R ratios.
Adapt to Volatility: Use ATR-based levels to scale stop and target dynamically depending on current market volatility.
Higher Timeframe ATR: Select a different timeframe for the ATR calculation to smooth noise on lower timeframe charts.
On-the-Chart Reference: Visually track trade zones directly on the price chart—ideal for live trading or strategy backtesting.
Ideal For:
Swing traders and intraday traders
Risk management and trade planning
Traders using ATR-based exits or scaling
Visualizing asymmetric risk/reward setups
How I Use This:
After entering a trade, adding an entry price will plot desired ATR target and stop level for visualization.
Adjusting ATR multiplier values assists in evaluating and planning trades.
Visualization assists in comparing ATR multiples to recent support and resistance levels.
Indicator
RSI SwingRadar🧠 Strategy Overview
This long-only strategy combines RSI/MA crossovers with ATR-based risk management, designed for cleaner entries during potential bounce phases — especially tuned for assets like XMR/USDT.
🔍 Core Logic:
- RSI Crossover: Entry occurs when the 14-period RSI crosses above its 14-period SMA, signaling a potential shift in momentum.
- Oversold Filter: The RSI must have been below a user-defined oversold threshold (default: 35) on the previous candle, filtering for bounce setups after a pullback.
- ATR-Based Stop/Target: Stop-loss is placed below the low by a user-adjustable ATR multiplier (default: 0.5×). Take-profit is calculated with a Risk:Reward multiplier (default: 4×).
These elements work in tandem — RSI crossovers give momentum confirmation, oversold filtering adds context, and ATR-based exits adapt to volatility, creating a compact yet responsive strategy.
📉 Visuals:
- Dynamic Bands: The chart displays the active stop-loss, entry price, and take-profit as colored bands for easy visual tracking.
- Clean Overlay: Designed with simplicity — only confirmed setups are shown, keeping noise low.
✅ Suggested Use:
- Works best on XMR/USDT or similarly trending assets.
- Best suited for pullback entries during broader uptrends.
- Adjustable for different volatility conditions and asset behaviors.
⚠️ Disclaimer
- This strategy is for educational and research purposes only.
- It does not guarantee profitability in any market.
- Always backtest, forward-test, and understand your own risk tolerance before using any
strategy in a live environment.
- Past performance is not indicative of future results.
- This script is not financial advice.
Strategy
Realtime ATR-Based Stop Loss Numerical OverlayRealtime ATR-Based Stop Loss Numerical Overlay
A simple, effective tool for dynamic risk management based on ATR (Average True Range) without adding cluttered and distracting lines all over your chart.
📌 Description
This script plots a real-time stop loss level using the Average True Range (ATR) on your chart, helping you set consistent, volatility-based stops. It supports both:
✅ Current chart timeframe
✅ Custom fixed timeframe inputs (1m, 5m, 15m, 1h, etc.)
The stop level is calculated as:
Stop = ATR × Multiplier
and updates in real-time. An overlay table displays on the bottom-right of your chart with the calculated stop value in a clean, simple way.
⚙️ Settings
ATR Timeframe Source:
Choose between using the current chart's timeframe or a fixed one (e.g. 5, 15, 60, D, etc).
ATR Length:
Period used to calculate the ATR (default is 14).
Stop Loss Multiplier:
Multiplies the ATR value to define your stop (e.g., 1.5 × ATR).
Wait for Timeframe Closes:
If enabled, the ATR value waits for the selected timeframe’s candle to close before updating. If unselected, it will update in real time.
🛠️ How to Use
Add this script to your chart from your indicators list.
Configure your desired timeframe, ATR length, and multiplier in the settings panel.
Use the value shown in the table overlay as your suggested stop loss distance from entry.
Adjust your position sizing accordingly to fit your risk tolerance.
This tool is especially useful for traders looking for adaptive risk management that evolves with market volatility — whether scalping intraday or swing trading.
💡 Pro Tip
The ATR stop can also be used to dynamically trail your stop behind price movement. Indicator
ADR, ATR & VOL OverlayThis is a combined version of 2 of my other indicators:
ADR / ATR Overlay
VOL / AVG Overlay
This indicator will display the following as an overlay on your chart:
ADR
% of ADR
ADR % of Price
ATR
% of ATR
ATR % of Price
Custom Session Volume
Average For Selected Session
Volume Percentage Comparison
Description:
ADR : Average Day Range
% of ADR : Percentage that the current price move has covered its average.
ADR % of Price : The percentage move implied by the average range.
ATR : Average True Range
% of ATR : Percentage that the current price move has covered its average.
ATR % of Price : The percentage move implied by the average true range.
Custom Session Volume : User chosen time frame to monitor volume
Average For Selected Session : Average for the custom session volume
Volume Percentage Comparison : Current session compared to the average (calculated at session close)
Options:
ADR/ATR:
Time Frame
Length
Smoothing
Volume:
Set Custom Time Frame For Calculations
Set Custom Time Frame For Average Comparison
Set Custom Time Zone
Table:
Enable / Disable Each Value
Change Text Color
Change Background Color
Change Table location
Add/Remove extra row for placement
ADR / ATR Example:
The ADR and ATR can be used to provide information about average price moves to help set targets, stop losses, entries and exits based on the potential average moves.
Example: If the "% of ADR" is reading 100%, then 100% of the asset's average price range has been covered, suggesting that an additional move beyond the range has a lower probability.
Example: "ADR % of Price" provides potential price movement in percentage which can be used to asses R/R for asset.
Example: ADR (D) reading is 100% at market close but ATR (D) is at 70% at close. This suggests that there is a potential (coverage) move of 30% in Pre/Post market as suggested by averages.
Custom Volume Session Example:
Set indicator to 30 period average. Set custom time frame to 9:30am to 10:30am Eastern/New York.
When the time frame for the calculation is closed, the indicator will provide a comparison of the current days volume compared to the average of 30 previous days for that same time frame and display it as a percentage in the table.
In this example you could compare how the first hour of the trading day compares to the previous 30 day's average, aiding in evaluating the potential volume for the remainder of the day.
Notes:
Times must be entered in 24 hour format. (1pm = 13:00 etc.)
Volume indicator is for Intra-day time frames, not > Day.
How I use these values:
I use these calculations to determine if a ticker symbol has the necessary range to achieve target gains, to determine if the price oscillation is within "normal" ranges to determine if the trading day will be choppy, and to determine placement of stops and targets within average ranges in combination with support, resistance and retracement levels.
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Interactive SAR Stop-Loss [TANHEF]This indicator is "Interactive" which means some inputs can are manually added through the first click after adding the indicator to the chart (SAR Trailing Stop-loss start point).
Unlike the normal Parabolic SAR, this indicator allows for the modification of the start point of the Parabolic SAR’s first bar calculation. Normally, the Parabolic SAR automatically has a start point after the first bar of an asset’s historical price that will then switch between trailing above and below price respectively. It must be noted that due to how the first position of the Parabolic SAR is calculated, on occasion the Parabolic SAR will immediately flip on the next bar to the opposite side relative to price that it was just located. Modifying the setting “⭐Initial Interactive SAR Position Source”, then selecting either 'Clicked' or 'ATR' level as the vertical start position will prevent this. See images below for more explanation.
Why use a trailing stop-loss?
A trailing stop-loss provides an exit when price moves against you but also enables you to move the exit point further into profit when price is moving in the desired direction of a trade. The Parabolic SAR ( stop and reverse ) which is used to determine price direction as well as when price direction is changing, is very effective at functioning as a trailing stop loss.
Indicator Explanation
Initially when this indicator is added to the chart, you will be prompted to select where to begin the SAR Trailing Stop-loss.
For a long stop-loss, select below price.
For a short stop-loss, select above price.
After this indicator is placed, it can be modified via dragging or from within the settings by modifying the time and the price input. Or simply re-add the indicator to the chart. Another option is to have this Parabolic SAR begin directly on the price that was initially ‘Clicked’ or the ‘ATR’ level, which requires selecting the option in settings labeled “⭐Initial Interactive SAR Position Source”
The SAR Stop Loss plotted. Note that the calculation that occurs on this first bar of the ‘Interactive SAR’ is as if the prior bar was the oldest historical bar of the asset. Due to the SAR’s calculations, if the ‘Normal SAR’ were to also flip sides over to the position that has been manually set for the ‘Interactive SAR’, they won’t necessarily have the same result.
An optional fixed profit target can be added within the settings. This profit target will only actively be plotted when the SAR Trailing Stop-loss has not be hit yet or until the profit target has been hit.
Here shows that the profit target was hit, then later on the SAR Trailing Stop-loss was hit.
Note, trailing stop-loss will continue to be plotted until it has been hit regardless of the profit target being hit or not.
Here is an example of when the Parabolic SAR will immediately flip on the next bar to the opposite side relative to price that it was just first located. This is due to how the Parabolic SAR is calculated and will also occur with the traditional Parabolic SAR that is not interactively (manually) given a start location. To prevent this, either relocate this time in which this SAR beings or consider modifying the SAR’s (start, increment, max) settings specifically.
Here instead of using the SAR’s calculation for an initial bar, the ‘ATR’ was selected as the start point within the setting “⭐Initial Interactive SAR Position Source”.
Alerts
1. 'Check' alerts to use within indicator settings (trailing stop hit and/or profit target hit).
2. Select 'Create Alert'
3. Set the condition to 'Interactive SAR''
4. Select create.
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ATR BandsIt has happened to everybody. You enter the market, the position gets a stop loss, then later the market goes in the direction you originally planned. Worse yet - you enter a position, the market goes in your favor, gets near the target, and then it reverses and you get stopped.
We brazilians call this a "violinado", or getting violinated. It happens either because:
1. You put the stop loss too close, or the target too far
2. You entered in the right direction, but at a wrong time
While the second point cannot be programmly adressed, the first can. One popular way of setting a stop loss is by using the average of the true range, it even has a built-in indicator in TV. The problem with it is that you can still get violinated, since as the trend develops, the stop loss only goes up, never down. So if you enter at the wrong time, one slip can still take you out of the market.
Since I got sick of losing money using a conventional stop loss, I made these ATR bands. When you add this indicator to your graph, 6 lines are going to show up, 3 above the price, 3 below it. These lines are calculated from the ATR of the last 20 periods (can be configurated). The upper lines are the high of the last candle + the ATR * the multiplicator factor, the lower lines are the low - ATR * multiplicator factor. There are three multiplicator factors: 1.0, 1.618 and 2.0, and you change them to be whatever you want.
The logic behind it is that theses bands represents the region in which the market is more likely to stay. So if you enter the market at 50.00, you can't expect it to reach 500.00 in the next hour if the ATR is 5.00. And if you set the stop loss at 49.99, it is very likely that the market is going to stop you. By using the ATR bands, you can get a more reasonable price range, so you would set the stop loss at 45.00 and the take profit level at 60.00.
There are two types os ATR you can use: the regular, calculated with RMA, and another using a custom WMA, which puts greater emphasis on large amplitudes. By default, the average uses the past 20 true ranges. You can also choose to use either the closing price or the extremes of the candle as a basis.
Another thing I've added is the violation statistics, which shows the percentages of the times that a band was violated in the next 5 candles (can be configurated). With this, you can get a broader view on the probability of the bands actually being reached.
You may have notice that the bands are lagged by 1 period. I did this so that there is no way you can use future data. You can disable it or increase it, but I recommend just letting it be 1. These bands are the range in which the price is most likely to stay in, if you change the lag you are essentially breaking it's whole purpose. Indicator
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ATRxNIndacator shows price range calculated as previous closing price +/- ATR * multiplier
Setup options: multiplier, average type (RMA, EMA,SMA,WMA), Source and number of point to average
Индикатор показывает диапазон цен рассчитанный как цена предыдущего закрытия +/- ATR * множитель
Настраивается : Множитель, тип усреднения (RMA, EMA,SMA,WMA), Источник и Длина усреднения
Indicator
SuperTrendSuperTrend is one of the most common ATR based trailing stop indicators.
In this version you can change the ATR calculation method from the settings. Default method is RMA, when the alternative method is SMA.
The indicator is easy to use and gives an accurate reading about an ongoing trend. It is constructed with two parameters, namely period and multiplier. The default values used while constructing a superindicator are 10 for average true range or trading period and three for its multiplier.
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
The buy and sell signals are generated when the indicator starts plotting either on top of the closing price or below the closing price. A buy signal is generated when the ‘Supertrend’ closes above the price and a sell signal is generated when it closes below the closing price.
It also suggests that the trend is shifting from descending mode to ascending mode. Contrary to this, when a ‘Supertrend’ closes above the price, it generates a sell signal as the colour of the indicator changes into red.
A ‘Supertrend’ indicator can be used on equities, futures or forex, or even crypto markets and also on daily, weekly and hourly charts as well, but generally, it fails in a sideways-moving market.
I had converted Supertrend indicator code for various platforms like Metastock in 2017, but in this PulseWire version special credit goes to everget - Alex Orekhov which gave a great inspiration to look my indicators better with highlights, signals and alarms. Thank you Alex. Indicator
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