Silicone Re-calibrate ATR — Indicator by InSilico

averagetruerange volatilitystop trendanalysis experimental test concept study adaptive probability experiment unstable

Inspired by @bitmexstorm study Volatility-calibrated ATR

This study features two different ATR trail derivative concepts-Default one is called- "Silicone", and the alternative is called- "Mercurial. To decrease confusion during backtesting, trails plots with distinct color palette.
Options include the ability to apply a smoothening filter that affects both modes as well as an adaptive/fixed mode for the "Silicone" trail.
Parameters for trail dynamics/behavior is unlocked(!Parameters in publish version is far from optimized! Need serious testing! )

Candle Coloring reflects trail direction.

Feedback on optimal periods and multipliers is needed and appreciated

Release Notes:

Added Adaptive filter option for Mercurial
Fixed Period Mercurial

Adaptive Period Mercurial

Cleaned inputs

Public: www.tradingview.com/u/InSilico/

www.tradingview.com/gopro/?share_your_love=InSilico

www.insilicoresearch.com/

Invite-only script

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