Definition: By ADAM HAYES from Investopedia -- Updated Jul 8, 2019 The average true range (ATR) is a technical analysis indicator that measures market volatility by decomposing the entire range of an asset price for that period. Specifically, ATR is a measure of volatility introduced by market technician J. Welles Wilder Jr. in his book, "New Concepts in...
This indicator was created to see the total dollar (or whatever currency pair) amount spread between the upper and lower Bollinger Bands. This knowledge of knowing this spread can be used to indicate upcoming periods of high volatility in a market. The fundamental idea behind predicting periods of high volatility is backed up by the idea that periods of low...
Supertrend (13,2.5) & Supertrend (18,3) are best for intraday. Loving the signals.
The ATR% is an indicator to measure the increased volatility comparing with the past period. 1. Default is 14 bars, but we can switch to 21 or 7. 2. For the smoothing method, by default using simple moving average, but EMA, WMA and RMA is an option. 3. if over 1.5%, we consider the volatility increased significantly. 4. Combine ATR%, Stock screening (notional...
Bill Williams Breakout Setup I have referred to the man multiple times whether tweeting about him or writing a blog post. Now I want to relearn how breakout trading works, again. A while ago, my friend invited a bunch of us into a Zoom conference sharing us how his setup works for him. He reintroduced me to Bill Williams' indicators which looked like below. ...
This is a squeeze indicator plotted on the chart, with configurable values. Green crosses show when there is a squeeze (bollinger bands inside keltner channels). Red crosses show a potential release/breakout when close > bollinger bands. You can also edit the settings of the indicator to show the bollinger bands and keltner channels (by removing the transparency).
Version 2, Shannon Entropy This update includes both a deadband (Plotting Optional) and PercentRank Indicating. Here is a unique way of looking at your price & volume information. Utilize the calculated value of "Shannon Entropy". This is a measure of "surprise" in the data, the larger the move or deviation from the most probable value, the higher the new...
Elliott Wave Principle , developed by Ralph Nelson Elliott, proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. These waves are a result of influence on investors from outside sources...
This Indicator is not a standalone indicator. It is used to confirm a sell or bearish using in conjunction with its other indicator called PASS Strategy 1 by Edet Nsikak Bassey. Both indicator when accurately used, confirms that the stock is about to go down. The PASS Strategy 2 by Edet Nsikak Bassey, confirms a sell trade when it turns red.
This indicator helps traders identify a trend reversal or continuation when there is a gap up in the candlestick chart of a stock. It set entry point, exit point, stop loss and take profit
This is simple test of Turtle Trading strategy by Richard Dennis. The script meant to place orders on Donchian Channel borders. It's best to test and use on mid-term charts like 1H and more. I've chosen Kraken XBT/USDT chart because this market opened in december 2019. The main problem of crypto trading strategy testing is the bullish market of 2017 year. That...
This pivot takes in the previous day's pivots and projects them to today.
Candle Color Generator: This indicator is designed to highlight the candle colors based on the combinations of Parabolic SAR (PSAR) and 2 Hull Moving Averages (HMA). Colors: Yellow, Red, and Green colors are used to describe the candle colors depends on its position to PSAR and 2 HMAs. PSAR: PSAR position above or below candle position is differentiated...
This indicator is made up of a stochastic oscillator and of historical volatility percentile. Historical volatility percentile basically tells you how volatile the market is based on how volatile it has been in the history. Historical volatility is great for trading options but i have also found it to be great at finding trades with good risk/reward ratio. When...
Mafia Candles is a Exhaustion bar count and candle count indicator, Using the Leledc Candles and 1-3 counting candle play gives you a pretty good idea where a so called "top" will be or a so called "bottom" will be! In this example, getting the transparent round circles ( either lime or red ) would mean that the move will be a good size move! EXAMPLE=1 You see a...
Intro What's the probability of the next bar being red? How about green? Well, there are many ways to quantify the probability but I am presenting just one stupidly simple (but generally accurate) way to measure it. Strangely... no one has done this before that I can find. I try to check if someone else has done it first (Pro Tip: Plz do this. We honestly don't...