Find the best setting for trading Back Testing
ProfitSniper ATR Variant is the brainchild of Jur's professional trader and coder of Trading View.
The idea is simple: To give ProfitSniper Indicator a way to detect the trend of the market via ATR.
Visit www.profitsniper.co for more info on the Original indicator. We also have an Automated Finder for it.
The Average true range (ATR) is a volatility indicator that shows how much an asset moves, on average, during a given time frame. The indicator can help day traders confirm when they might want to initiate a trade, and it can be used to determine the placement of a stop-loss order.
The ADX Indicator also plays an important role on this same indicator. ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values.
The PS ATR Variant Indicator has also been equipped with an algorithm that detects the famous Bollinger Squeeze techinique.
The Bollinger Band Squeeze is a straightforward strategy that is relatively simple to implement. First, look for securities with narrowing Bollinger Bands and low BandWidth levels. Second, wait for a band break to signal the start of a new move.
All of these indicators working in conjuction makes a very well predictive trading indicator that you can put to work in many different kind of markets: Crypto, Stocks, Metals, etc.
Our tailored Finder Tool for this TradingView indicator allows you in very few clicks to find thousands of possible combinations and strategies.
To better serve your needs, one of the top traders on cat.trade discord community will host a conference to teach you the ins and outs on using this indicator.
Join us at Discord to know more about this and other useful indicators, besides you can have free lessons of manual trading and deep understanding the market.
Discord link: https://discord.gg/UypkDPZ
www.cat.trade is a Social Copy Trading platform where you can also become a leader, earn money and learn a lot.
If you have any ideas on where we can implement our custom backtester automation solution, let us know.
To buy a full licence and support the continuous development of new features and bug fixes, click the "Buy licence" link on the extension or contact Josh X on Cat.trade Discord.