OPEN-SOURCE SCRIPT
NSDT EMA+ATR
I had this idea to make a custom Moving Average that adapts to the market. I chose to use the Average True Range. As the market makes bigger/smaller moves, this custom Moving Average applies the ATR as the length of the EMA. This gives more distance to the Moving Average as the volatility picks up or reduces.
Just set the length you want the ATR to look back (default is 100) and the multiplier (default is 2) to work with the instrument being traded.
It's also setup for use on Multi Time Frames.
Just set the length you want the ATR to look back (default is 100) and the multiplier (default is 2) to work with the instrument being traded.
It's also setup for use on Multi Time Frames.
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.
ALL indicators, strategies and bots are included with Discord access.
NorthStarDayTrading.com/discord
youtube.com/shorts/fWFQE7uEHvU
NorthStarDayTrading.com/discord
youtube.com/shorts/fWFQE7uEHvU
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.
ALL indicators, strategies and bots are included with Discord access.
NorthStarDayTrading.com/discord
youtube.com/shorts/fWFQE7uEHvU
NorthStarDayTrading.com/discord
youtube.com/shorts/fWFQE7uEHvU
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.