This indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.
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Uses average ATR values to determine range breakouts. When used with strength oscilators, cATRpillar can help identify new trends - or break out opportunities.
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This indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.
**cATRpillar** -for some reason, I can't update the name.. oh well.. typos schympo.-
Versionsinformation
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Release Notes: This indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.
-When used with a strength oscillator, cATRpillar can be useful in identifying ATR breakouts.
**cATRpillar** -for some reason, I can't update the name.. oh well.. typos schympo.-
Versionsinformation
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Release Notes: This indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.
Useful for identifying trends (normal color scheme), as well as for scalping (invert color scheme and use step lines for re-entry points). When paired with RSI or MACD, cATRpillar can be used to identify new trends and swings.
**cATRpillar** -for some reason, I can't update the name.. oh well.. typos schympo.-
Versionsinformation
⋅
This indicator is used to identify range breakouts using an ATR multiplier. My first script, Im sure there are indies out there like this, but this my favorite way to identify breakouts and trends.
Useful for identifying trends (normal color scheme), as well as for scalping (invert color scheme and use step lines for re-entry points). When paired with RSI or MACD, cATRpillar can be used to identify new trends and swings.
**cATRpillar** -for some reason, I can't update the name.. oh well.. typos schympo.
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Fixed a missing input
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Fixed another error.
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Updated to change transparency values. These values are no longer supported by the platform.
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Just a quick update to ad adjustable stop zones for you own ruleset :D
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Removed accidental drawings :P
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Added an SMA line for first close calculating. Second close can be the opposite atr line.