How to Create an ATR Volatility Filter

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LESSON SOURCE CODE: https://courses.theartoftrading.com/pages/atr-volatility-analysis ULTIMATE PULLBACK STRATEGY: https://courses.theartoftrading.com/courses/ultimate-pullback-indicator AGGRESSIVE PULLBACK STRATEGY CODE: https://zenandtheartoftrading.com/indicators/pullback/

Want to learn Pine Script? Look no further. I have you covered!

This lesson answers a question from a student who wanted to add a volatility filter to my Ultimate Pullback Indicator.

This script attempts to do that by comparing short-term vol to longer-term vol to gauge relative volatility, and when relative vol is elevated, it gives a green light to take trades.

This essentially acts as a trading signal filter that ensures the system only takes trades during strong volatility (which can often imply strong momentum).

As you'll see in the video, this can potentially be quite effective for increasing the performance metrics of some strategies - especially trend-continuation systems.

With over 16 years of coding experience and 5+ years of profitable trading experience, I specialize in TradingView's Pine Script programming language and I'm here to pass on everything I've learned about both trading and coding.

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▼Timestamps▼ 00:00 - Intro & Overview 03:50 - Reviewing the Question 07:30 - Understanding the ATR Formula 09:11 - Coding an ATR Volatility Analysis Tool 12:45 - Breaking Down the ATR Tool 14:50 - Using the ATR Analysis Tool As A Filter 19:40 - Summary & Outro

#PineScript #TradingView #Trading ... https://www.youtube.com/watch?v=gFoPNBLKTmU