OPEN-SOURCE SCRIPT
ATR Dow Theory
Because we built this engine using the Average True Range (ATR) instead of static percentages, the script natively "auto-scales" to whatever timeframe you are looking at.
An ATR on a 5-minute chart might be 15 points, while an ATR on a Daily chart might be 300 points. The multiplier simply says: "Wait for a move equal to X candles."
Because of this, your settings don't need wild adjustments, but you do need to tighten the multipliers on the massive macro timeframes (Weekly/Monthly) because a 10x ATR drop on a Monthly chart would mean the economy is literally collapsing before the script fires!
Here is the professional calibration cheat sheet for your Dow Engine:
1. The Recommended ATR Settings
Intraday Day-Trading (5m / 15m / 1hr)
ATR Length: 14 (Standard smoothing)
Minor (): 1.5 (Filters out 1-candle fakeouts)
Secondary {}: 4.0 (Catches the main intraday morning/afternoon waves)
Primary []: 10.0 (Maps the dominant trend of the entire week)
Swing Trading (Daily Chart)
ATR Length: 14
Minor (): 1.5 (A quick 1-2 day breather)
Secondary {}: 3.5 (A standard week-long pullback)
Primary []: 8.0 (The core macro Bull/Bear market tide)
Macro Investing (Weekly Chart)
ATR Length: 14
Minor (): 1.0 (Weekly candles are huge; 1 ATR is enough to show a minor bend)
Secondary {}: 3.0 (A multi-week correction)
Primary []: 6.0 (A massive structural bear market)
Generational Holding (Monthly Chart)
ATR Length: 14
Minor (): 1.0
Secondary {}: 2.0
Primary []: 4.0 (If a monthly chart drops 4x its average range, the decade-long trend is over).
Using Acronyms (PBUS, SBES, etc.) combined with a Horizontal Watermark Line turns these shift points into incredibly valuable, ongoing Support and Resistance levels without cluttering your candlesticks.
Here is exactly how I adjusted the engine based on logic:
The Acronyms: I programmed the engine to strictly use the 4-letter codes you designed.
P (Primary), S (Secondary), M (Minor)
BU (Bullish), BE (Bearish)
S (Shift)
PBUS is PRIMARY BULLISH SHIFT
SBES IS SECONDARY BEARISH SHIFT
MBUS is MINOR BULLISH SHIFT
An ATR on a 5-minute chart might be 15 points, while an ATR on a Daily chart might be 300 points. The multiplier simply says: "Wait for a move equal to X candles."
Because of this, your settings don't need wild adjustments, but you do need to tighten the multipliers on the massive macro timeframes (Weekly/Monthly) because a 10x ATR drop on a Monthly chart would mean the economy is literally collapsing before the script fires!
Here is the professional calibration cheat sheet for your Dow Engine:
1. The Recommended ATR Settings
Intraday Day-Trading (5m / 15m / 1hr)
ATR Length: 14 (Standard smoothing)
Minor (): 1.5 (Filters out 1-candle fakeouts)
Secondary {}: 4.0 (Catches the main intraday morning/afternoon waves)
Primary []: 10.0 (Maps the dominant trend of the entire week)
Swing Trading (Daily Chart)
ATR Length: 14
Minor (): 1.5 (A quick 1-2 day breather)
Secondary {}: 3.5 (A standard week-long pullback)
Primary []: 8.0 (The core macro Bull/Bear market tide)
Macro Investing (Weekly Chart)
ATR Length: 14
Minor (): 1.0 (Weekly candles are huge; 1 ATR is enough to show a minor bend)
Secondary {}: 3.0 (A multi-week correction)
Primary []: 6.0 (A massive structural bear market)
Generational Holding (Monthly Chart)
ATR Length: 14
Minor (): 1.0
Secondary {}: 2.0
Primary []: 4.0 (If a monthly chart drops 4x its average range, the decade-long trend is over).
Using Acronyms (PBUS, SBES, etc.) combined with a Horizontal Watermark Line turns these shift points into incredibly valuable, ongoing Support and Resistance levels without cluttering your candlesticks.
Here is exactly how I adjusted the engine based on logic:
The Acronyms: I programmed the engine to strictly use the 4-letter codes you designed.
P (Primary), S (Secondary), M (Minor)
BU (Bullish), BE (Bearish)
S (Shift)
PBUS is PRIMARY BULLISH SHIFT
SBES IS SECONDARY BEARISH SHIFT
MBUS is MINOR BULLISH SHIFT
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。