ATR CandlesAverage true range (ATR) is a market volatility indicator used to show the average range prices swing over a specified period.
The ATR Candles indicator has two primary functions. First, it measures a short-term ATR against a longer-term ATR to show if volatility is contracting or expanding.
Secondly, this indicator goes a step further by highlighting individual candles that exceed or fall below user selected ATR thresholds.
Moments of volatility contraction often lead to expansion and vice versa. By using the ATR Candles traders can identify potential imminent breakouts/breakdowns or healthy pullbacks vs a volatile correction.
Indicator Features
Selectable ATR lengths
Selectable threshold limits (1 contraction / 2 expansion)
Calculate current candles range from open / previous close / daily range
Custom colors
Show or hide every element
Basing
Boring & Explosive Candle - Muthu SThis Indicator marks Explosive candle (Black) and Boring Candle (Blue) on the chart based on various inputs like ATR Range, Legout Strength etc.
Boring Candle - Muthu SThis Indicator marks Boring Candle on the chart based on the input ATR Range.
Explosive Candle - Muthu SThis Indicator marks Explosive Candle on the chart based on various inputs like ATR Range, Legout Strength etc.
Boring & Explosive Candle TradersStreamHello Guys from now you can easily able get Boring / Basing candle and with Explosive Candle.
360D_TradersStreamThis is a Ultimate Tool for Trading. This tool includes
1. MA = In that you will find EMA & SMA
2. MA Length = It's Length of MA
3. Explosive Leg-out Strength = It's Explosive Candles Strength
4. RBR Pattern = Up to 6 Bases and you can minimize Base Qty.
5. DBD Pattern, DBR Pattern & RBD Pattern as we mentioned above
6. Curve Time Frame = Choose this thing so, tool can know what is your curve accordingly this it will judge your ITF & LTF
7. High of the Curve & Low of the Curve = Please enter manually the no.'s of your Upper curve & lower curve. and when changing chart don't forget make it "0"
8. Trend @ ITF = Choose your Trend. (Please choose your Trend from your ITF Time frame, to get better results)
9. Intraday Risk in % & Swing Risk in % = Calculates as per DATR
10. 1st Symbol & 2nd Symbol = To have other stocks price in your chart.
11. Tick for White Label & Un-tick for Black Label
12. Explosive Candle & Basing Candle = Tick to view Explosive & Boring candle in zone formations & Untick hide the indication
13. And finally you can change Labels Size as per your requirement,
Basing CandlesBasing Candles using custom candles.
First, change default chart from candle to line or something other than candle to make this meaningful
