Bar Range vs ATR Overlay

This script shows each bars range as well as the ATR with significantly large or small bars highlighted. I use this in conjunction with a 2 period ADX (also shown) to find periods of low volatility from which price may break out of. The eggplants were added to the chart (they are not part of the script) to show what that looks like. The pepper shows where a there was another significant event that the combination of these indicators points out- A large bar that made a new high and a new low. This is a good sign of a reversal. Since multiple bars may make up a good signal, it's best to check higher time frames for confluence. I also like to look at a combination of moving averages and higher period ADX (not shown as to keep chart clean) to verify trend direction and will pass on a signal given by these indicators if the trend indicators give "mixed signals".

Catatan Rilis

Added the actual ratio for reference.

Skrip open-source

Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.

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Pernyataan Penyangkalan

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Skrip open-source

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