This script plots two ATR (Average True Range) values, one based on only bullish and the other based on only bearish bars. If the current bar is positive, the negative ATR will use its last known negative bar for the calculation. You can smooth bar directions by using the Heikin Ashi setting. Use this the same way how you would use the regular ATR indicator, but...
This script measures candle length and average true range (ATR). A break out occurs when a candle is larger than the given ATR value. You can choose to calculate length from wicks or from the body (open & close). You can use this as trend direction indicator by following the last break out candle or open a position after a break out with a stop just above or...
This indicator shows the ATR range on the daily or any other timeframe on your current chart. All settings are fully customize-able.
Similar to one of my previous scripts 'Ranged Volume', but instead of using volume, this script uses candle length mirrored. It creates a range using highest and lowest of a given period. When the range gets larger, it means the current candle is bigger than the largest candle of your given period (break-out). Yellow = Bullish break out Red = Bearish break...
Indacator shows price range calculated as previous closing price +/- ATR * multiplier Setup options: multiplier, average type (RMA, EMA,SMA,WMA), Source and number of point to average Индикатор показывает диапазон цен рассчитанный как цена предыдущего закрытия +/- ATR * множитель Настраивается : Множитель, тип усреднения (RMA, EMA,SMA,WMA), Источник и Длина усреднения
Also one of my favorite indicators. Very simple and easy to use. Essentially volatility bands with a technical analysis pattern, the triangle/wedge, which I have called "contraction signal". Put simply: When price is written in blue, volatility overall is falling. When the outer bands start to fatten up in blue, a contraction signal is forming. Works with any...
This is one of my favorite indicators. You simply type in the significant price levels for whatever asset you are trading and it will plot pivots accordingly. As in title, the indicator is based on the fantastic Kagi reversal indicator. For instance, if, say, brent crude oil is trading at $60, you can assume that $10 and $5 will be significant price levels. If...
Hello Traders, In the book "Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market" by Franklin Ochoa, Four different types of reversal systems were introduced and candlestick patterns are used to find reversals. I will not write a lot about the book, you should get/read it for yourself. There are many great ideas in the book, Candlesetick...
A different spin on Keltner Channels. Using 3 channels of varying widths provides a good visual for potential entries off of extremes. Normal channel is center, green and red "zones" could be used as potential entry/exit areas, and the outside yellow zones may be viewed as extremes (signifying potential breakouts or strong reversal areas).
This script brings together a number of volatility indexes from the CBOE in one space making it easier to use rather than adding a number of different securities to one chart. One could create a template with these securities attached, but sometimes, you don't want to switch charts, for whatever reason, and adding an indicator for is quick and simple. One note...
This super simple script helps spotting possible turnarounds and targets on intraday level. The average daily range is calculated over a period of 20 days, which is approximately a trading month. The black lines indicate the upper and lower range targets, moving closer with each new intrady high and low. As you might recognize, in most cases the price is about...
Renko is a very useful charting method for analyzing stock movement. It does a great job of filtering out all the excess noise so that all we're left with is pure price action. But, what about time? Time is a fundamental part of chart analysis and we are only seeing part of the picture. After all, shouldn't we take a very different approach to trading signals from...
This script plots moving percentiles of past price distribution, creating a channel useful for trend and volatility analysis, and for operational purposes also. Percentiles are more robust than common moving averages when it comes to address noise during lateral price movements. Percentiles included: - 10th - 25th (= 1st quartile) - 50th (= median) - 75th (= 3rd...
MultiTimeframe Squeeze Momentum Pro Dots indicate squeeze Fills indicate momentum
Basic BIAS Deviation rate (bias), also known as deviation rate, or y-value for short, is an indicator to reflect the deviation degree between the price and MA in a certain period of time by calculating the percentage difference between the market index or closing price and a moving average, so as to obtain the possibility that the price will reverse or rebound due...
This is a basic volatile indicator based in the Bollinger Bands that show the explosive market moves (up/down).
You can monitor the stop loss level according to ATR in 2 ways (Long/Short).