Iranger
- Utilitys
- Gennadiy Stanilevych
- Version: 1.0
Description The indicator based on Average True Range (ATR) is designed to accurately determine the possible range of price fluctuations on a selected timeframe. This tool is ideal for both beginner traders and experienced professionals looking to effectively plan their trades.
Key Features:
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Displays possible price fluctuation levels on the chart, simplifying visual analysis.
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Utilizes the power of the ATR algorithm to calculate precise volatility values.
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Adapts to any timeframe, providing relevant data regardless of the trading style.
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Useful for setting target profit levels (Take Profit) and stop-loss levels (Stop Loss).
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Indicates key levels that can be used for breakout or rebound trading.
Advantages:
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Enables real-time assessment of asset volatility.
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Reduces the risk of poor trade planning through objective data.
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Helps adapt to current market conditions.
The indicator is suitable for intraday trading, scalping, and medium-term strategies. It will become an indispensable tool for those looking to increase their profitability through competent volatility analysis.
Settings:
ATRPeriod=100; /*ATR period*/
clrBuy=clrMagenta; /*Critical level for time frame*/
clrSel=clrMagenta; /*Critical level for time frame*/
LineStyle=STYLE_DOT;
LineWidth=1;
bMail=true;
bAlert=false;
bPush=true;
Usage Recommendations:
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Apply the indicator to the chart of the desired asset.
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Configure ATR parameters for optimal level display.
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Use the indicated levels for trading:
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On a breakout, when the price confidently moves beyond the range.
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On a rebound, when the price shows a reversal from the boundary of the range.
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The indicator helps identify key entry and exit points, simplifying trading decisions and risk management.
