OPEN-SOURCE SCRIPT
تم تحديثه ATR Money Line Bands V2
The "ATR Money Line Bands V2" is a clever TradingView overlay designed for trend identification with volatility-aware bands, evolving from basic ATR envelopes.
Reasoning Behind Construction: The core idea is to blend a smoothed trend line with dynamic volatility bands for reliable signals in varying markets. The "Money Line" uses linear regression (ta.linreg) on closes over a length (default 16) instead of a moving average, as it fits data via least-squares for a cleaner, forward-projected trend without lag artifacts. ATR (default 12-period) powers the bands because it measures true range volatility better than std dev in gappy assets like crypto/stocks—bands offset from the Money Line by ATR * multiplier (default 1.5). A dynamic multiplier (boosts by ~33% on spikes > prior ATR * 1.3) prevents tight bands from false breakouts during surges. Trend detection checks slope against an ATR-scaled tolerance (default 0.15) to ignore noise, labeling bull/bear/neutral—avoiding whipsaws in flats.
Properties: It's an overlay with a colored Money Line (green bull, red bear, yellow neutral) and invisible bands (toggle to show gray lines) filled semi-transparently matching trend for visual pop. Dynamic adaptation makes bands widen/contract intelligently. An info table (positionable, e.g., top_right) displays real-time values: Money Line, bands, ATR, trend—great for quick scans. Limits history (2000 bars) and labels (500) for efficiency.
Tips for Usage: Apply to any timeframe/asset; defaults suit medium-term (e.g., daily stocks). Watch color flips: green for longs (enter on pullbacks to lower band), red for shorts (vice versa), yellow to sit out. Use bands as S/R—breakouts signal momentum, squeezes impending vol. Tweak length for sensitivity (shorter for intraday), multiplier for width (higher for trends), tolerance for fewer neutrals. Pair with volume/RSI for confirmation; backtest to optimize. In choppy markets, disable dynamic mult to avoid over-expansion. Overall, it's adaptive and visual—helps trend-follow without overcomplicating.
Reasoning Behind Construction: The core idea is to blend a smoothed trend line with dynamic volatility bands for reliable signals in varying markets. The "Money Line" uses linear regression (ta.linreg) on closes over a length (default 16) instead of a moving average, as it fits data via least-squares for a cleaner, forward-projected trend without lag artifacts. ATR (default 12-period) powers the bands because it measures true range volatility better than std dev in gappy assets like crypto/stocks—bands offset from the Money Line by ATR * multiplier (default 1.5). A dynamic multiplier (boosts by ~33% on spikes > prior ATR * 1.3) prevents tight bands from false breakouts during surges. Trend detection checks slope against an ATR-scaled tolerance (default 0.15) to ignore noise, labeling bull/bear/neutral—avoiding whipsaws in flats.
Properties: It's an overlay with a colored Money Line (green bull, red bear, yellow neutral) and invisible bands (toggle to show gray lines) filled semi-transparently matching trend for visual pop. Dynamic adaptation makes bands widen/contract intelligently. An info table (positionable, e.g., top_right) displays real-time values: Money Line, bands, ATR, trend—great for quick scans. Limits history (2000 bars) and labels (500) for efficiency.
Tips for Usage: Apply to any timeframe/asset; defaults suit medium-term (e.g., daily stocks). Watch color flips: green for longs (enter on pullbacks to lower band), red for shorts (vice versa), yellow to sit out. Use bands as S/R—breakouts signal momentum, squeezes impending vol. Tweak length for sensitivity (shorter for intraday), multiplier for width (higher for trends), tolerance for fewer neutrals. Pair with volume/RSI for confirmation; backtest to optimize. In choppy markets, disable dynamic mult to avoid over-expansion. Overall, it's adaptive and visual—helps trend-follow without overcomplicating.
ملاحظات الأخبار
The ATR Money Line Bands V4 is a user-friendly technical indicator for TradingView charts that helps traders spot trends and volatility in asset prices, like stocks or cryptocurrencies. At its core, it draws a central "Money Line" (a smoothed trend line based on linear regression of closing prices) surrounded by upper and lower bands calculated using the Average True Range (ATR), which measures market volatility. The bands expand or contract dynamically with price swings, and the line/bands change colors (green for bull, red for bear, yellow for neutral) based on the trend's direction and strength. It's great for visualizing support/resistance levels and potential breakouts without overwhelming the chart.Tips for Usage
Customize for Your Style: Adjust the "Money Line Length" (default 16) for shorter timeframes (e.g., 5-10 for day trading) or longer (20+) for swings. Lower the "Neutral Slope Tolerance" (now default 0.08) for more sensitive trend detection in choppy markets.
Trading Signals: Look for buys when price bounces off the lower band in a green (bull) trend; sells near the upper in red (bear). Neutral yellow suggests waiting or using it for range-bound scalps.
Volatility Adaptation: Enable "Use Dynamic Multiplier" to widen bands during spikes—ideal for volatile assets like ZECUSDT. Pair with alerts for trend changes or band crosses to get notifications via TradingView (enable in settings, then set up alerts on "alert() function calls only").
Best Practices: Use on multiple timeframes (e.g., 1H for bias, 15M for entries). Combine with volume or RSI for confirmation. Backtest on historical data to tweak parameters, and always use stops based on ATR for risk management. Avoid over-reliance in sideways markets.
ملاحظات الأخبار
Merged this script with the code from the FML - Fisher Money Line script to reduce redundancy.ملاحظات الأخبار
Added Aroon to filter buys and sells. Settings to adjust are available in settings (gear icon). Candles that are triggered for buys or sells now turn blue for easy visualization.
ملاحظات الأخبار
This indicator, called MoneyLine ATR Bands V5, draws a central "Money Line" (a smoothed trend line based on recent closing prices) with upper and lower bands around it, adjusted for market volatility using ATR (Average True Range). It colors the bands to show bullish (green), bearish (red), or neutral (yellow) trends. It also generates buy (green labels below bars) and sell (red labels above bars) signals based on an oscillator called Fisher Transform detecting overbought/oversold reversals, confirmed by the Aroon indicator for trend strength. Optional filters can refine signals, and there's a scoring bar at the bottom using RSI, MACD, DMI, and MFI for overall sentiment.ملاحظات الأخبار
added ATR volatility rank %ملاحظات الأخبار
Modified Volatility metric نص برمجي مفتوح المصدر
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
نص برمجي مفتوح المصدر
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.