ATR
AptarGroup, Inc.
stock NYSE

> So I want to use software that says, when the MACD, RSI, ATR and other charts, reach a certain point, ...compare that to the same charts on the SPY or TQQQ, and make a trade when all the confluxing points are there to trade. (Does this make sense?)
Nothing about that involves AI.

Hi, Ive been trading for over 30 years. Im not bad but not great. Still have discipline issues. Here is my question..has AI gotten to a point that I can point out multiple datasets on my charts and I can teach it to trade? i.e. I use the VIX as a correlator and trade TQQQ and other ETF's. I use price movement, propreitary MACD setup, etc etc. So I want to use software that says, when the MACD, RSI, ATR and other charts, reach a certain point, ...compare that to the same charts on the SPY or TQQQ, and make a trade when all the confluxing points are there to trade. (Does this make sense?)

How accurate is yfinance api for ATR (30d) interval (1d)

I use a 9 day and 20 day EMA crossover. But puts if it is a bearish crossover under VWAP, calls if it is a bullish crossover above VWAP.
I use Bollinger Bands on VIX to look for reversals and breakouts.
I confirm bullish or bearish using MACD, RSI, and I look at ATR, but those are secondary to the other indicators.
When the indicators line up, I look for an option contract that is around $10. I try to get contacts that have a strike that is a multiple of 25. I find those give higher liquidity. I buy 10 contracts, around $10,000, give it take about $1000. When I buy the contract, I use a conditional order that puts a trailing stop at $1.00 based on the bid. I used to use the last price, but these contracts move so fast that it would go past my stop.
I then set up a replacement order on the trailing stop, which changes it to $0.10 when I click place order. I then place this order when I get to my take profit, usually around $1500-$2000.
That's it. It's basic. I backtested. My win rate is over 50%, and my RR is about 1:2.

Only thing i will add is that the best trades i have ever had was to let the price action come to me and getting in with a limit trade at good levels for fade plays off established support or resistance, based on volume profile peaks on hourly, daily and weekly timeframes. For increased conviction, confluence with daily vwap, anchored vwap (e.g. choose a meaningful anchor like beginning of year, tariff liberation day, etc), and 8 and 21 EMAs on 5 min, hourly timeframes) are bonuses. Trading a breakout should always be done with care. Finally, i will say that trading with micros is nearly impossible to succeed in the long term since the commissions will eat your profits. Focus on patience for good entries, mandatory stops on EVERY trade upon entry, and trade mgmt. that gives just enough room to breath but prevents winners from becoming losers and permits a viable risk to reward. And, make sure to leave a runner (last contract or two on a trade) based purely in a trailing stop with the stops based on 15 min ATR trail stop with a hard stop floor at breakeven. You will be shocked at how big these trades can be if you let a winner run on a runaway trend day - a few of these will make your year.

It’ll be hard due to the ATR but also spy and qqq would have to have a red day all possible but it most definitely can hit 312 without major resistance 320 is where I’m looking to get in puts if market conditions are right

It's developed into a whole team ;P but I joke that they are like Mexican food - the same 4 ingredients combined differently. My main strategy is based on a high volume candle with a good wick, I buy a pullback during the next candle. I run this on NQ ES RTY GC on a few different timeframes each with slightly different settings for entry parameters and such.
I have a few varieties of that strategy that run off key levels that are drawn by a human, a "reversal" strategy that jumps in after opposing big volume bars, an ORB strategy, and a few flavors of trend following that jump in for a scalp when multiple timeframes agree.
Most of these are in for a very small move, about .7 ATR with a stop below the prior bar. Quick scalps with a few micros.

Combining an outside source with ibkr just to get the ATR seems like overkill and way more complicated than just calculating it from the ohlc or tick data you’re receiving. I would try to get it working on there.

Outside sourcing ATR

Well it not a black and white answer should u do it or not, you have to find the answer yourself, i heard about it but I’m not using it, i dont want to pay for extra fee, and i already profitable with price action + ATR indicator. More advance tools doesn’t mean you work better if it not fit with your personality of trading.

Your command of Statistical analysis is simply elementary at best. AH,, the scalping expert. 1 minute charts at the very best illiminate at best Micro Levels of price fluctuations. Using ATR generally is a decent indicator for minute intervals. And by the way 1-minute charts for BTC is ridiculous no matter what your direction is.

I cannot share all the details, especially regarding client requests, because that would be unethical: I am only the implementer, and the ideas belong to them. But I can describe it in general. Only retail traders place orders; I think professional teams have their own people who can create indicators. Learning this is not difficult. Truly interesting orders are very few, with unconventional and non-standard ideas. Most often, they request a combination of conditions consisting of metrics from other indicators plus candlestick analysis.
When I build something for myself, I do not use, for example, the readings of classic trend indicators or oscillators. I often use various metrics related to volume, volatility, or price range, such as ATR, and I try to derive my own metrics for those variables, sometimes i add some candlestick patterns. Apart from that, I try to look broadly and from different angles at the process to find unusual ideas. For example, I recently made an indicator that tracks discrepancies of assets that are constantly correlated with each other (the logic is that if assets constantly correlate and one of them breaks upwards, the second will follow, and vice versa). I’m still testing it, but it seems to perform well on some instruments.

Haha yeah, definitely a lifelong work in progress. Respect for staying in it that long.

I use a combo of price action and a few indicators. ATR helps set dynamic SL/TP levels, and I layer in ADX and Aroon to filter out weak trend conditions or sideways chop. Entries are mostly on 1m or 5m charts, and I use 15m or 1H for context.
It’s mostly scalping, in and out pretty quick, but with structured rules so I can automate parts of it. Still review every trade manually though.
What about you? Ever mess with crypto or mostly futures?