Here I propose another simple S/R band technique, works on all TF and all securities, this is again one of the simplest forms of logic with a little tweak to tackle modern volatile markets. It enables us to trade both mean reversion as well as breakout trades as it works in both trending and non-trending markets. You can even use pre-existing ranges as good...
The clouds reflect a possible overextension of the trend. Traders could use it as a signal to scale out the positions in the direction of the present trend or avoid scaling in. The indicator plots the difference between ADX over the 45 level proportionate to the range between an ATR multiplier around MA. By default, the ADX is calculated with a DI length of 14...
Alpha Bands, this is a new idea I've been playing with recently in all my indicators. In layman terms we are here using mult to multiply length of the plot to replicate effect of multi time frame plot. Under the hood it is basically fast ma crossing over slow one but with this simple multiplier introduction is able to give it properties of higher TF ma's but...
Hello traders, today I wanted to present you something special. I present you the Exertion Meter! Created from scratch, this idea is based on a theory of mine called "Exertion". Exertion occurs when price moves beyond the previous bar's range thus it has "exerted itself". The idea is that when price moves a lot, it exerts a lot of energy which eventually leads...
The ATR Auto Oscillator uses advanced range calculations to determine a dynamic range that the applied market moves within. Like an RSI , the ATR Auto Oscillator measures the speed and change of price movements through a given range. Unlike an RSI , the ATR Auto Oscillator automatically re-configures range values dependent on the user set lookback. The...
A simple indicator of trend by using 3 EMAs of multiplies of 2, 5 and 10, filtered by standard positive/negative directional movements (DM) which are the base of Average Directional Index (ADX). The "Trend Strength" option is included to set the EMA multipliers and also the variation between DM+ and DM- which interpret the trend as a weak or a strong one. Note...
This script is a simple ATR cross, where the short-term ATR helps quickly and easily determine whether volatility is "high" or "low" compared to the long-term ATR value. Both values are adjustable, but initially calibrated for the daily chart.
Notes: Black crosses indicate squeeze. It means an impending move once squeeze is released Price tends to go from red dot to green dot to red dot to green dot to red dot in an endless cycle. We wait for the price bar to not touch the dots before we make a move If the price goes between the dots and the lines, it means it is likely overheated/oversold...
ATR based Triple Stop Loss levels that are plotted on the chart (like moving averages!). With ATR Levels plotted on the price chart itself, you can better set your volatility based trailing Stop Loss. Also helps to define the SL when making an entry into a stock. Note: This indicator is supposed to be used on Daily and Weekly Charts. For other timeframes...
Trends & Ranges uses EMA ATR bands as a SuperTrend indicator. How to use: This indicator can be used to give you a direction bias, with the added function to create ranges which often lead to reversals or flat trading periods. Trade the break-out or wait for pull backs in the direction of the trend. I'm not great at explaining stuff and will probably make...
The purpose of this indicator is to draw a horizontal grid having in mind: - rounded price levels instead tradingview standard grid, zoom-based; - calculated by volatility, using daily ATR; - independent of timeframe in use, locked to DAILY calculations. Further improvements are intended. Wish this could be useful. Any questions, feel free to comment.
Display a smoothed true range during trending markets, thus filtering any measurement occurring during ranging markets. Whether the market is trending or ranging is determined by the position of the efficiency ratio relative to its Wilder moving average. Settings Resolution : resolution of the indicator Length : period of the efficiency ratio and the...
Simple ATR-scaled levels or bands of suggested price to take profit on directional trades.
™TradeChartist Chameleon is an exceptionally beautiful trend following indicator (visualised using Chameleon plot) based on Momentum and Volatility using User input of Chameleon Mode and Risk factor (ATR multiple) to generate Trade Opportunities. =================================================================================================================== ...
™TradeChartist MTF SuperTrend Pro is the Multi Time-Frame version (using timeframe multiplier) of classic Volatility Stop or SuperTrend (Stop and Reverse indicator using multiple of Average True Range of lookback period trailing behind the price acting as both trend reversal signifier and StopLoss trigger at the same time ). What does ™TradeChartist MTF...
The general idea of using SwingArms is to provide a visual confirmation of a trend change. Green for bullish (BUY) Red for bearish (SELL) A color-coded system providing an easy way for a novice to understand. Converted to TradingView based on the work of Jose Azcarate. I hope you guys enjoy.
Trailing stop loss indicator to determine when to exit a position. Multiple trailing stop loss calculation techniques are implemented: ATR: Determines stop loss using a gap from recent highest value, that gap is defined by the ATR value and a multiplier MA: Just a simple moving average used as a stop-loss Percentage: Uses a percentage of the price The...