TradingView
Jesse.Lau
٢٨ نيسان أبريل ٢٠٢١ ٢٢:٢٦
ATR Break on chart
FX_IDC:EURUSD
5
EURO / U.S. DOLLAR
ICE
الوصف
⋅
٢٨ نيسان أبريل ٢٠٢١ ٢٢:٢٦
This script is putting one of my old trading method, ATR Break, on chart.
It used to win many times in
Dukascopy strategy contest
a few years ago.
Pine script is quite easy to learn and very powerful. So I coded it to have a quick view for ATR break on chart.
The rule is simple:
- Current close - open / Previous ATR(5) > alertlevel (1.2), long signal
- Current open - close / Previous ATR(5) > alertlevel (1.2), short signal
The script will display label on the chart with the value of abs(close - open) / Previous ATR(5) to feel the strength.
I used to use the method on 5-min even 1-min chart. SL for 200 points and TP for 5-10 points
Average True Range (ATR)
التعليقات
cultivateforex
⋅
٩ أيار مايو ٢٠٢٢ ٠٨:٢٢
Hi, love your work - this is great for my strategy! Probably my favourite indicator on here to be honest! I'm not much use on PineScript, do you know a way/would you be willing to add alerts to this Indicator?
المزيد