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".

Nota Keluaran

Added the actual ratio for reference.

Skrip sumber terbuka

Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.

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Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.

Skrip sumber terbuka

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