ATR Multiples Plotted

٢٧ سبتمبر ٢٠٢٣

Inspired by @jeffsuntrading and @Fred6724's ATR% multiple from 50-MA.

There are no catch-all values, however a high of 6 and a low of -4 generally has been valuable to me. I tend to look at the historical highs and lows of the indicator, and adjust the Value High and Value Low accordingly to get an idea when profit-taking may be sensible.

The essence is the difference between price and the selected moving average, measured in ATRs.

٣٠ سبتمبر ٢٠٢٣

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Added custom ATR Length

٨ نوفمبر ٢٠٢٣

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Added optional 0-line

١٥ نوفمبر ٢٠٢٣

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Tidied and clarified some of the code.

--Currently working on an 'Adaptive Mode', which will calculate and plot the upper and lower values based on the selected average's historical turning points

٢ فبراير ٢٠٢٤

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Added quick reference table to show the dollar value of your chosen Value High and it's upside percentage.

Comes in handy when scanning or evaluating Pre/Post-Market moves. See ATRx6 value and AMZN pre-market value of ~$170 on 02/02/2024 for example.

٢ فبراير ٢٠٢٤

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Chart

١٠ يوليو ٢٠٢٤

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Added option to allow percentage based calculations, which is how Jeff Sun's indicator is calculated.

Some changes and clarification to the table, see the tooltips for guidance.

١٠ يوليو ٢٠٢٤

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Chart update

٢٩ أكتوبر ٢٠٢٤

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Fixed typos in table

٢٣ ديسمبر ٢٠٢٤

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Updated to Pine v6

١٣ يوليو

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Added Dynamic Mode, which you can enable from the indicator settings. It calculates the upper and lower thresholds based on the lookback value.

By default, the lookback is set to 504 bars (roughly 2 years on a daily chart), and it uses the 95th and 5th percentiles. You can change both in the settings. If there’s not enough data to calculate them (like with recent IPOs), it’ll fall back to static values until the full lookback becomes available.

I haven’t nailed down the ideal lookback and percentile settings yet, so the defaults might not be super useful straight away.

Nothing has changed for the static mode. For price-based signals, I find 6 and -4 thresholds work best most of the time. For percentage-based, 9 and -3 seem reliable.

٢ أغسطس

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Minor change to info in table

٢ أغسطس

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Updated chart