Simple script that plots price to MA distance (ATR) as a bar chart. ATR is being used here instead of % because ATR keeps it relative to current volatility (1ATR move in either direction can have very different % for when price at 20cent and 2 dollars). Upper/Lower band is calculated based on the average of previous peak/trough. Price approaching the band could...
Original implementation idea of bands by: Traders issue: Stocks & Commodities V. 14:9 (375-379): Standard Error Bands by Jon Andersen Standard Error Bands are quite different than Bollinger's. First, they are bands constructed around a linear regression curve. Second, the bands are based on two standard errors above and below this regression line. The...
v2 of Heat Zone RVI • Updated aesthetics and added various alerts. • The use of temperature descriptions with these Heat Zone scripts is more so metaphoric of the interpretations from what the RVI attempts to indicate primarily. --- Due to the additions of the Overheated and Freezing Zones , the indicator-pane scaling is a little different from the original...
Golden Ratio Multiplier Formula GRM=MA350(BTC USD) * (1.6;2;3;5;8;13;21) The multiplier examines medium-and long-term time cycles. For this, a multiple of 350 MA is used to determine the areas of potential resistance. Additionally, fibo levels from the main line. version 2021 year modification
™TradeChartist MA Visualizer is a Moving Average based indicator aimed to visualize price action in relation to the Moving Average in a visually engaging way. =================================================================================================================== █ MA Visualizer Features 11 different Moving Averages to choose from the settings...
Here it is, as promised, supertrend based on Zigzag candles. Earlier scripts on the Zigzag Candles expedition are here: Zigzag-Candles Zigzag-Candles-MA Zigzag candles parameters Length and CandleSize remain as is. Along with this, we also add MALength and AtrMult to calculate ATR based on the new candles and to use it to derive supertrend. ...
MACD & RSi Confluence. Great for those who are looking for RSI & macd signals. Highlights volatility & structure points for entering & exiting the market. You have to understand market volatility to understand this concept. So please research more on those subjects before using. But The RSI is the relative strength index it helps you understand the increase in...
Bar Color Candle Aligned with pivot points swing high and swing lows For Those Who Are Familiar with Trading The Breakouts Of Highs & Lows Of Structure. Pivots are said to be key areas in the market where price shows heavy reaction to where reversals make occur. At these points there are swing Highs & swing lows that traders may be able to find opportunity in the...
This script allows you to determine the leverage required to enter one position based on the set entry price, the price of the expected take profit, stop loss and risk per transaction. It also allows you to schedule this transaction for 5 possible transactions, with different shoulders and a martingale coefficient for each subsequent gain at the same risk,...
This script allows you to determine the leverage required to enter one position based on the set entry price, the price of the expected take profit, stop loss and risk per transaction. It also allows you to schedule this transaction for 5 possible transactions, with different shoulders and a martingale coefficient for each subsequent gain at the same risk,...
This is a very efficient crypto scalper adapted to very short timeframes, however it can be optimized for other timeframes and assests as well. Its components are MACD P SAR EMA 200 Risk management Rules for entry: For short : we have an uptrend on PSAR , histogram is positive (divergence MACD) and close of a candle is below EMA 200 For long : we dont have an...
Very much similar to : I have slightly changed code to accommodate multiple zigzags. Also removed possibility of external source to keep it simple. Indicator shows 2 Level zigzag based supertrends. Second zigzag used is multi level zigzag and hence, this acts as higher timeframe filter and can be considered as overall trend bias.
This is a simple intraday strategy for working on Stocks or commodities based out on PSAR, MACD , RSI and chop index . You can modify the start time and end time based on your timezones. Session value should be from market start to the time you want to square-off Important: The end time should be at least 2 minutes before the intraday square-off time set by your...
This study checks previous Stock trends (volatility) before Earnings announcements. This indicator is used to gauge the stock personality before earnings. Some are consistently better than others. The range to be analysed before earnings is modified in "Candles before EA to plot Trend" , and the total period under study (how many Earnings periods) is set by "Date...
Shows the roll yield of the VX futures, which is the ratio of a continuously weighted average of the front two months to the VIX. The VX (VIX futures) contract expires on the third Tuesday of each month. On the next trading day, the front month will have full weighting, and the second month will have no weight. On the expiration day, the back month will have full...
This is an indicator based on the Price Density concept. Price Density is a quantifiable method of measuring market noise for a certain period of candles. This indicator also has the option to use relative percentile values which transforms the indicator from an absolute value measure to a percentile based measure so it can be more easily compared across vastly...
Legend: Entery signal: When line color turns to lime (lighter green) after a blue dot appears Exit signal: When line color turns to red (darker red) after a red dot appears Note: it is more affective as an entry signal (Bottom is stronger) - When line touches or crosses red band it is Top signal (Williams Vix Fix) - When line touches or crosses blue band it is...
A simple script for keeping track of your options portfolio. Basically, you can write one line of code per strategy (single, vertical, or strangle) to keep a line drawn on the underlying's chart, at the strike price, from the current bar until expiration. See the comments at the top of the code for more explanation.