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ATR Pip Control – User Guide

 

ATR Pip Control – Overview

The ATR Pip Control indicator measures market volatility with Average True Range (ATR) while adding adaptive logic for clearer, noise-free signals. Dynamic coefficients, tick / pip filtering, optional ATR bands, and multi-time-frame sourcing make it a versatile tool for any market.

Key Features:

  • Adaptive ATR bands that widen or tighten automatically and can be shown or hidden at will.
  • Dynamic coefficient adjustment for optimal sensitivity in both volatile and quiet conditions.
  • Multi-time-frame input (Source TF) to calculate volatility on a higher timeframe while trading on a lower chart.
  • Lines-to-keep setting that limits how many historic Support/Resistance levels stay visible to keep charts clean.
  • Customizable tick/pip filter for refining signal precision across all timeframes.
  • Real-time alerts for new ATR signals and for price crossing the latest Support or Resistance level.
  • Signal-confirmation menu lets you decide when a breakout is validated in (Intrabar / 75 % / 80 % / 90 % / Close 100 % / Auto).


Table of Contents
  1. General Settings
  2. ATR Signal Settings
  3. Local Ends and Line Crosses
  4. Tick/Pip Filter Settings
  5. Alert Settings
  6. Conclusion and Example Strategy

1. General Settings

These options manage the main display and data-source behaviour of ATR Pip Control.

  • Show Labels: Toggle green/red triangles that mark new bullish or bearish signals.
  • Show Bands: Show or hide the adaptive ATR envelopes for additional context.
  • Signal Confirmation Timing: Choose when a breakout is validated. “Close 100 %” (default) guarantees no repaint; 75 %-90 % or Intrabar options provide faster but less certain signals, while “Auto” adapts by timeframe.
  • Source TF: Select a higher timeframe (e.g. 60 min) for the internal calculation, or leave blank to match the chart timeframe.
  • Bullish / Bearish Color: Choose separate colours for bullish and bearish elements.

2. ATR Signal Settings

These parameters shape how volatility bands and breakout signals are generated.

  • ATR Period: Number of bars used for ATR calculations (default 21 for a monthly cycle).
  • Upper & Lower Coefficient: Default 0.8 / 0.8. Raise to reduce signal frequency or lower for more sensitivity.
  • Signal Styles: Adjust triangle colour, or band thickness to suit your chart theme.

3. Local Ends and Line Crosses

Local Ends mark the most recent Support (bullish) or Resistance (bearish) level; price crossing these lines often precedes significant moves.

  • Show Local Ends: Draw dashed horizontal lines at each confirmed swing high/low.
  • Lines to Keep: Limit how many past levels remain on the chart (FIFO, default 5).
  • Line Crosses: A dedicated alert fires when price breaks the latest Support or Resistance line.

Tips:

  • Use the most recent line as a dynamic stop-loss or take-profit reference.
  • Combine line-cross alerts with ATR breakout signals for layered confirmation.

4. Tick/Pip Filter Settings

The Tick/Pip filter sets a minimum movement threshold to discard minor fluctuations.

  • Filter Type: Switch between Tick mode (indices, crypto) and Pip mode (forex).
  • Minimum Filter Value: Default 25 ticks/pips; raise the value on noisy markets.
  • Threshold Table: Suggested minimums by asset class and timeframe.

Timeframe Forex Indices Crypto
M1 5 Pips 10 Ticks 50 Ticks
M2 5 Pips 15 Ticks 60 Ticks
M3 6 Pips 20 Ticks 75 Ticks
M5 7 Pips 25 Ticks 90 Ticks
M10 8 Pips 30 Ticks 110 Ticks
M15 9 Pips 35 Ticks 130 Ticks
M30 10 Pips 40 Ticks 150 Ticks
H1 12 Pips 50 Ticks 200 Ticks
H4 15 Pips 70 Ticks 300 Ticks
D1 20 Pips 100 Ticks 500 Ticks
W1 30 Pips 150 Ticks 750 Ticks
MN 50 Pips 200 Ticks 1000 Ticks

Tip – Higher-TF feeds :
If you set Source TF to a higher timeframe than your chart (e.g. 60 min on a 5-min chart), each bar you test is much larger. Raise the Minimum Filter Value proportionally (50–100 ticks/pips is common) to keep the same noise-filtering effect.

5. Alert Settings

Alerts keep you updated on critical events detected by the indicator.

  • Bullish / Bearish ATR Signal: Notifies you when a new breakout is confirmed.
  • Support / Resistance Line Cross: Alerts you when price breaks the latest Local-End level.

Tips:

  • Combine ATR breakout alerts with line-cross alerts for higher precision.
  • The Tick/Pip filter maintains alert quality even on lower-timeframe charts.

6. Conclusion and Example Strategy

Goal: To effectively utilize the ATR Pip Control indicator to manage market volatility and identify high-probability trade setups.

Strategy Steps:
  1. Identify Key Zones: Use ATR signals and local ends to mark potential reversal zones. Monitor crossovers for trend confirmation.
  2. Set Alerts: Configure alerts for ATR signals and local ends to act promptly on significant market events.
  3. Leverage Pip/Tick Control: Utilize the pip/tick thresholds to minimize noise and refine entries, especially on shorter timeframes.

Additional Tips:

  • Combine with other indicators like Moving Averages or RSI to validate signals.
  • Always apply proper risk management, setting stop-loss levels based on ATR ranges.

This guide is provided for educational purposes only. Always conduct your own analysis and consult a financial professional before making trading decisions.