OPEN-SOURCE SCRIPT
ATR Stretched Market [zauoyds]
This indicator verify the close in comparison with EMA21. If the number is higher than 2ATR, the X is ploted above the candle.
Avoid positions when the candle is marked.
The best entries always will be close to the averages.
You can change the values through the inputs, according with your trade system.
Avoid positions when the candle is marked.
The best entries always will be close to the averages.
You can change the values through the inputs, according with your trade system.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.