[-_-] Volatility Calibrated ATR

2022년 12월 13일

Description:
An indicator based on ATR adjusted for volatility of the market. It uses Heikin Ashi data to find short and long opportunities and displays a dynamic stop loss level. Additionally, it has alerts for when the trend changes (which is an entry signal).

How it works:
It works by dynamically calculating the Period for ATR which depends on current volatility level that is calculated by a function that uses Standard Deviation of price. ATR is then smoothed by Weighted Moving Average and multiplied by ATR Factor, resulting in a plot that changes its colour to red when we're in a downtrend and green when in an uptrend. This plot should be used as a dynamic Stop Loss level. Trend change is determined by price crossing the dynamic Stop Loss level. The squared red and green labels appear when the trend changes, and should be used as Entry signals.

Parameters:
- Source -> data used for calculations
- ATR Factor -> higher values produce less noise and longer trends, lower values give more signals

2023년 8월 19일

릴리즈 노트

Description:
An indicator based on ATR adjusted for volatility of the market. It uses Heikin Ashi data to find short and long opportunities and displays a dynamic stop loss level. Additionally, it has alerts for when the trend changes (which is an entry signal).

How it works:
It works by dynamically calculating the Period for ATR which depends on current volatility level that is calculated by a function that uses Standard Deviation of price. ATR is then smoothed by Weighted Moving Average and multiplied by ATR Factor, resulting in a plot that changes its colour to red when we're in a downtrend and green when in an uptrend. This plot should be used as a dynamic Stop Loss level. Trend change is determined by price crossing the dynamic Stop Loss level. The squared red and green labels appear when the trend changes, and should be used as Entry signals.

Parameters:
- Source -> data used for calculations
- ATR Factor -> higher values produce less noise and longer trends, lower values give more signals

Release notes:
- v1.1 [19 Aug 2023]: fixed the "invalid value of the length argument (0) in the wma function" error by making sure that length cannot be less than 1

2023년 8월 26일

릴리즈 노트

Release notes:
- v1.2 : fixed the title in plotshape() functions to match the correct conditions (as was pointed out by /u/markmiotke)