QuarryLake Indicator Map - ATR Trend Following Strategy
Sep 2, 2019
The QuarryLake Indicator Map indicator is a comprehensive trend-following tool that integrates three distinct technical filters to identify high-probability trend entries and exits while maintaining a clean workspace through a bottom-panel map display.
Usage
The indicator functions by aggregating signals from three core components: the Keltner Channel (KC), Volatility Stop (Vstop), and Waddah Attar Explosion (WAE). Users can monitor the indicator map at the bottom of the chart to see the real-time status of each component.
- Long Entry: Occurs when price is above the Keltner Channel upper band, price is above the Volatility Stop, and the Waddah Attar Explosion indicates a bullish trend exceeding the dead zone and explosion threshold.
- Short Entry: Occurs when price is below the Keltner Channel lower band, price is below the Volatility Stop, and the Waddah Attar Explosion indicates a bearish trend exceeding the dead zone and explosion threshold.
- Exits: The tool provides exit signals (indicated by crosses) when price crosses back over the Keltner Channel bands or the Volatility Stop line.
Details
The script is designed to reduce chart clutter by moving complex calculations into a visual map format. It utilizes:
- Keltner Channel: Acts as a trend filter based on EMA and ATR-derived bands.
- Volatility Stop: A trailing stop mechanism that adapts to price volatility.
- Waddah Attar Explosion: A combination of MACD and Bollinger Bands used to detect the start of a trend and the presence of sufficient volume/volatility.
Settings
Keltner Channel
- Keltner Channel Period: The lookback period for the EMA and ATR used in KC calculations.
Volatility Stop
- Volatility Stop Length: The ATR length used for the volatility stop.
- Volatility Stop Multiplier: The sensitivity multiplier for the stop distance.
Waddah Attar Explosion (WAE)
- WAE Sensitivity: Controls the intensity of the trend signal.
- WAE FastEMA Length: Fast EMA period for the internal MACD calculation.
- WAE SlowEMA Length: Slow EMA period for the internal MACD calculation.
- WAE BB Channel Length: Lookback period for the Bollinger Bands component.
- WAE BB Stdev Multiplier: Standard deviation multiplier for the explosion threshold.
FAQ
How do I access QuarryLake Indicator Map?
You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.
Which markets does this indicator work best on?
The strategy is optimized for highly liquid pairs such as BTCUSD, XBTUSD, and major Forex pairs.
Can I set alerts for entries and exits?
Yes, the script includes built-in alert conditions for Long Entries, Short Entries, and their respective covers (exits).
Trading & investing are risky and many will lose money in connection with trading and investing activities. All content on this site is not intended to, and should not be, construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.
Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, including, but not limited to, lack of liquidity. Simulated trading programs in general are designed with the benefit of hindsight, and are based on historical information. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
As a provider of technical analysis tools and strategies, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole based on any content, tool, or platform feature we provide.
Charts used on this site are by TradingView in which the majority of our technical indicators are built on. TradingView® is a registered trademark of TradingView, Inc. www.TradingView.com TradingView® has no affiliation with the owner, developer, or provider of the Services described herein.
Market data is provided by CBOE, CME Group, BarChart, Massive, CoinAPI. Select U.S. equities data is provided through Massive. CBOE BZX real-time U.S. equities data is licensed from CBOE and provided through BarChart. Real-time futures data is licensed from CME Group and provided through BarChart. Select cryptocurrency data, including major coins, is provided through CoinAPI. All data is provided “as is” and should be verified independently for trading purposes.
This does not represent our full Disclaimer. Please read our full disclaimer.
© 2026 LuxAlgo Global, LLC.