present
Sign up and get $50 off your first purchase
Since 29/11/2024
37
Sales
1.17K
Free installs

Description

The Tenkan-ATR Indicator is a powerful and innovative tool designed for cTrader traders who seek to enhance their technical analysis by combining the strengths of two well-known indicators: the Tenkan line from the Ichimoku Kinko Hyo system and the Average True Range (ATR). This unique fusion creates a dynamic indicator that not only identifies potential trend reversals and market momentum but also incorporates volatility-based insights to improve trade timing and risk management.

The Tenkan line, often referred to as the "conversion line," is a fast-moving average that highlights short-term price momentum and potential trend changes. On the other hand, the ATR measures market volatility, providing valuable context for price movements. By integrating these two components, the Tenkan-ATR Indicator offers traders a comprehensive view of the market, enabling them to make more informed decisions in both trending and ranging conditions.

Whether you are a scalper, day trader, or swing trader, the Tenkan-ATR Indicator can be customized to suit your trading style and time frame. Its intuitive design and real-time signals make it an essential addition to any trader's toolkit, helping to identify high-probability setups while managing risk effectively.

Summary

AI summary
The SmartBot-Tenkan & ATR Indicator for cTrader combines the Tenkan line from the Ichimoku Kinko Hyo system with the Average True Range (ATR) to enhance technical analysis. The Tenkan line acts as a fast-moving average that highlights short-term price momentum and potential trend reversals. The ATR measures market volatility, providing context for price movements. By integrating these two indicators, this tool offers a comprehensive market view that supports decision-making in both trending and ranging conditions. It delivers real-time signals to identify potential trend changes and momentum shifts while incorporating volatility insights to improve trade timing and risk management. The indicator is customizable to fit various trading styles and timeframes, including scalping, day trading, and swing trading. Its design aims to help traders identify high-probability setups and manage risk effectively.
Indicator profile

Discussion

Customer reviews

4.5
Reviews: 2
5
50 %
4
50 %
3
0 %
2
0 %
1
0 %
Customer reviews
February 11, 2025
it works as a side layer because bad impulses show up less often in the notes, and It needs a few bad trades in the sample too.
February 10, 2025
The signal still needs a chart check, no surprise there, and the setup needs patience.

FAQ

ATR
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.

Price

Since 29/11/2024
37
Sales
1.17K
Free installs