HG Scalpius - ATR Up/Down Tick Highlight

HG Scalpius - ATR Up/Down Tick Highlight

This indicator highlights ATR(14) upticks (green) and downticks (red) and has the below application:
- If a new trend closing high (low) is made on a downtick in ATR, decreasing volatility mode turns on

If you come across or think of any other useful scripts for the HG Scalpius system please comment below!

Links to 2 previous HG Scalpius scripts:
- -

Happy trading!

study(title="Average True Range", shorttitle="ATR", overlay=false)

length = input(title="Length", defval=14, minval=1)
smoothing = input(title="Smoothing", defval="RMA", options=)

ma_function(source, length) =>
if smoothing == "RMA"
rma(source, length)
if smoothing == "SMA"
sma (source, length)
if smoothing == "EMA"
ema (source, length)
wma (source, length)

ATR = ma_function( tr (true), length)
c = ATR >= ATR ? color.lime :

plot(ATR, title = "ATR", color=c, transp=0)

Remove from Favorite Scripts Add to Favorite Scripts


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out