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SM ATR

SM ATR is a Smoothed Average True Range client side VTL indicator. It is calculated by taking the average true range of each bar and then smoothing the average true range with T3 smoothing. T3 smoothing is a digital signal processing algorithm, it captures the trend with minimal lag. Thus the SM ATR is smoother than the normal ATR indicator. This avoids the whipsaws movement in the normal ATR indicator.

Traders use the ATR value to decide stop loss and target levels. SM ATR is better in these situations as it has no whipsaws movement in the indicator values, it reflects the volatility better than the normal ATR indicator. SM ATR is not a directional indicator. It is a unique volatility indicator that reflects the degree of interest or disinterest in a move. Strong moves, in either direction, are often accompanied by large ranges, or large True Ranges. This is especially true at the beginning of a move.

Uninspiring moves can be accompanied by relatively narrow ranges. As such, SM ATR can be used to validate the enthusiasm behind a move or breakout. In this scenario also, SM ATR is better than the normal ATR as it captures the volatility better. Traders can use SM ATR to confirm price breakouts and trend reversals. A bearish support break with an increase in SM ATR would show strong selling pressure and confirms the support break. A bullish reversal with an increase in SM ATR would show strong buying pressure and confirm the reversal.

Parameters used in the SM ATR indicator are ATR period, t3 smoothing period and smoothing factor. Default ATR period is 14. Parameter values are modified in the VTL editor.

Usage

  • Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
  • Copy it to your company VertexFX Local VTL Files folder i.e. C:\ProgramData\VertexFX Client Terminals\"Company name"\VTL10\Local VTL Scripts
  • Restart your Client Terminal or Right Click on "Local VTL Scripts" Tree Node to find the script.

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03 May 2016
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Disclaimer: Hybrid Solutions is the VertexFX trading platform vendor, provides technology only for the financial institutes and does not have any intervention in any financial role or in the trading cycle. Hybrid Solutions clears its responsibility from any financial institute's behavior. Choose your broker wisely and seek independent advice if necessary.

اخلاء مسؤولية: هايبرد سوليوشنز هي الشركة المزودة لبرنامج (الفيرتكس اف اكس) للتداول الالكتروني ، تزود فقط التكنولوجيا اللازمة للوسطاء ولكنها لا تتدخل بأي شكل مهما كان في عمليات التداول أو بأي دور مالي. هايبرد سوليوشنز تخلي مسؤوليتها بشكل كامل عن تصرفات الوسطاء او كل ما من شأنه أن يسبب الخسارة للمتداول ، إختر وسيطك بتأني واطلب النصيحة من المختصين بالتداول عند الحاجة.

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