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Average True Range Extended

This is an extension of the Average True Range indicator with the breakdown of price gain, loss, and standard deviation; with the price break down into price gain and loss, this can now be used as an oscillator with standard deviation as the queue to time the entry and exit.


Settings

  • ATR Period - Typically set at 12.
  • ExtStdDev Period - This the period for the Standard Deviation and it typically follows the ATR Period.


How to use

Buy / Sell Direction - If the green (gain) is higher than the loss (red), means to buy and vice versa.

  • Buy
    • Entry - When the black line (standard deviation) cross over the green line and the green line is above the red line.
    • Exit - When black line touches the green line OR green line (almost) touches the blue line (ATR) OR black line reaches the peak.
  • Sell
    • Entry - When the black (standard deviation) cross over the red line and the green line is above the green line.
    • Exit - When the black line touches the red line OR red line (almost) touches the blue line (ATR) OR black line reaches the peak.
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4.74 (39)
Indicators
The combination of trend and breakdown levels in one system. An advanced indicator algorithm filters market noise, determines the trend, entry points, as well as possible exit levels. Indicator signals are recorded in a statistical module, which allows you to select the most suitable tools, showing the effectiveness of the signal history. The indicator calculates Take Profit and Stop Loss marks. Manual and instruction -> Here / MT5 version -> Here How to trade with the indicator:  Trading with T
Market Reversal Alerts Dashboard
LEE SAMSON
5 (8)
Indicators
This dashboard is an alert tool for use with the market structure reversal indicator. It's primary purpose is to alert you to reversal opportunities on specific time frames and also to the re-tests of the alerts (confirmation) as the indicator does. The dashboard is designed to sit on a chart on it's own and work in the background to send you alerts on your chosen pairs and timeframes. It was developed after many people requested a dash to monitor multiple pairs and time frames at once rather th
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