Swing Arm ATR

Notes:

These indicators and concepts are specifically designed for TradingView.com

Overview

The Swing Arm ATR indicator is a trend-following indicator used to identify market trends and provide trailing stop levels for trades

How to Trade

The indicator plots a line that trails price movements based on the ATR, which is a measure of volatility. When the indicator line changes direction, it suggests that the trend may be reversing. A buy signal is generated when the indicator line changes from red to green, indicating a potential trend reversal from bearish to bullish. A sell signal is generated when the indicator line changes from green to red, indicating a potential trend reversal from bullish to bearish.

How to Calculate

The Swing Arm ATR indicator uses the following inputs to be calculated:

• TrailType: This is the type of trailing stop used. It can be either "modified" or "unmodified."
• ATRPeriod: This is the period used to calculate the ATR.
• ATRFactor: This is the factor used to multiply the ATR to get the trailing stop value.
• show_fib_entries: This is a Boolean value that determines whether to show Fibonacci levels on the chart.

The Swing Arm ATR indicator uses the Wilder's Moving Average function to calculate the ATR, and then multiplies the ATR by the ATRFactor to get the trailing stop value. The indicator then plots a line that trails price movements based on this trailing stop value.