We have publish the signal on @tradingview with all your suggestions. I would like to express my utmost gratitude to @DumbleDax for creating this tool amidst his other commitments and projects. Settings options allows you to setup your own comfortable ATR Multiple (eg. 5, 6, 7 as suggested by @finallynitin) While there is no foolproof profit-taking mechanism that guarantees selling at the absolute market peak, employing this strategy can be a valuable tool for scaling out profits during extended periods to minimize severe profit loss. Stock Price Extension from 50-SMA via ATR% Multiple Measurement - tradingview.com/script/JPPt0Ph…
We have publish the signal on @tradingview with all your suggestions. I would like to express my utmost gratitude to @DumbleDax for creating this tool amidst his other commitments and projects. Settings options allows you to setup your own comfortable ATR Multiple (eg. 5, 6, 7 as suggested by @finallynitin) While there is no foolproof profit-taking mechanism that guarantees selling at the absolute market peak, employing this strategy can be a valuable tool for scaling out profits during extended periods to minimize severe profit loss. Stock Price Extension from 50-SMA via ATR% Multiple Measurement - tradingview.com/script/JPPt0Ph…
My default settings
@tradingview @DumbleDax definitely not foolproof but partial profit taking will still keep you in the trade for the follow through leg
@tradingview @DumbleDax works on the weekly too
@jfsrevg @tradingview @DumbleDax Interesting concept. What about partials? I'm working on an be-all-end-all, or atleast how close you can get, optimal exit study Will make sure to study this rule as well
@jfsrevg @tradingview @DumbleDax Interesting concept. What about partials? I'm working on an be-all-end-all, or atleast how close you can get, optimal exit study Will make sure to study this rule as well
@jfsrevg @tradingview @DumbleDax Am extremely thankful for such a great piece of work. Many thanks to both of you! @jfsrevg @DumbleDax!!
@jfsrevg @tradingview @DumbleDax Thanks Jeff, this is great. I was just wondering how to think about the profits on the parabolic stocks, and this is a fantastic answer. Appreciate you working on this and sharing!
@jfsrevg @tradingview @DumbleDax @DumbleDax is the best coder in all Fintwit! 😎
@jfsrevg @tradingview @DumbleDax Thank you! Can’t wait to go through a lot of charts with it on
@jfsrevg @tradingview @DumbleDax Jeff + @DumbleDax, thanks for creating and sharing this TV price extension indicator! Much easier to use compared to the previous ATR%/EMA% bands I was using. Cheers!
@jfsrevg @tradingview @DumbleDax Thank you. Doing God’s work.
@jfsrevg @tradingview @DumbleDax This can also be used to tighten SL instead of outright taking profits. Great indicator, practical.
@jfsrevg @tradingview @DumbleDax Thanks Jeff, this is really helpful. Does it work intraday as a candle is forming or only at close of candle?
@jfsrevg @tradingview @DumbleDax This is looking good. See my indicator is the same but added Weekly timeframe and volume dots (yellow) i.e. V > 150% (30day avg). You can add it too for more visualisation & information.
@jfsrevg @tradingview @DumbleDax Jeff, I tried adding this to my chart unfortunately it is not available anymore. Is this temporary? How can I access to it? Many thanks!
@jfsrevg @tradingview @DumbleDax Hi Jeff, try to use the ATR% multiple indicator, but looks my TR have issue show it. here is the screen shot, do you have any idea why?
@jfsrevg @tradingview @DumbleDax I tweaked the code of that indicator to adjust both the calculation and sell signals based on each company’s average volatility. Too bad it doesn’t work on TradingView, but the results are outstanding.
@jfsrevg @tradingview @DumbleDax only tool u need is your eyes n reading price action $ABCM no maggie roaches in stock