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ATR Trend & ATR Top/Bottom (Expo)

ATR Trend & ATR Top/Bottom (Expo) is an advanced and multifunctional trading tool that gives insight into Trends, Pullbacks, and where Top/Bottom patterns can occur. The indicator is simple to use and understand therefore valuable to all trading styles.

ATRTopBottom

Setting Panel Explained

  • ATR Trend & ATR Top/Bottom (Expo)

    After you have read about how the settings works, please check out the example settings at the end.


 

ATR 1

1.0 Enable ATR Lines

  • Enable ATR Lines: Select the ATR Feature you want to use.

 

  • If you want to use the Top/Bottom Feature you have to select “Top/Bottom ATR” in the list and under 1.1 “Enable Top/Bottom Feature” you have to toggle on “Show ATR Top/Bottom Line” and “Show ATR Top/Bottom Background Color?”

 

This is how the ATR Line looks like

 

ATR Line

This is how the Trend ATR Line looks like

 

Trend ATR Line

This is how Both ATR & Trend ATR Line looks like

 

Both ATR Trend ATR

This is how the Top/Bottom Feature Line looks like

 

Top Bottom Feature
ATR 2

2.0 ATR & Trend ATR Settings

These settings do only apply for “ATR Line” and for “Trend ATR Line”

Trend Source: This is the input source on which the calculations should be based on. Try input whatever you want!

Trend Length: Sets the underlying trend. A high value means LongTerm Trend and a low value means ShortTerm Trend.

Trend Sensitivity: This value smooths out the transition between Positive and Negative Trends. A higher value makes the transition slower. 


 

ATR 3

3.0 Top/Bottom Settings

These settings do only apply to the Top/Bottom Feature

Length: This sets the underlying impulse length. Basically, a high value gives LongTerm impulses & Trend direction and a low value is meant to find ShortTerm impulses (Scalping Top/Bottom)

Sensitivity: If you set this value to 1 you get more sensitivity (and much more signals). Increase this value step by step up to 10 or 20 and you will only get the most significant Top/Bottom Impulses. 

ATR Trend Length: This value has a major impact on the output!

A low value means that you get ALL impulses. A high value means that you only get the most significant impulses.


 

ATR 4

3.1 Top/Bottom Limit

These settings do only apply to the Top/Bottom Feature

BgColor Limit (Alert Value):

If the “> ATR Top Feature Line” crosses over this Limit value the green background-color appears. If the “> ATR Top Feature Line” crosses under this Limit value the green background-color disappears.

If the “> ATR Bottom Feature Line” crosses over this Limit value the reds background-color appears. If the “> ATR Bottom Feature Line” crosses under this Limit value the red background-color disappears.


 

Alerts Top Bottom

3.1 Top/Bottom Limit – Alerts

The alerts are based on the BgColor Limit value. 

Start Alerts: Triggers when the background colors appear. 

End Alerts: Triggers when the background colors disappear. 

Example: The Alert 2.0 ATR TOP Start (CrossOver Limit) triggers when the GREEN background color appears.

ATR 5

3.2 Color Settings

These settings do only apply to the Top/Bottom Feature

  • Adjust the color and background color for the Top/Bottom Feature.

 

ATR 7

BarColor (ATR Line) Settings

These settings do only apply to the ATR Line

  • The BarColor triggers when the ATR Line crosses Over/Under the Limits value you set.

 

Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/strategies/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

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My scripts/indicators/strategies/ideas are only for educational purposes!