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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!


Code:
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)
else
if smoothing == "SMA"
sma (source, length)
else
if smoothing == "EMA"
ema (source, length)
else
wma (source, length)

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

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


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