█ Overview The TrendCylinder is a dynamic trading indicator designed to capture trends and volatility in an asset's price. It provides a visualization of the current trend direction and upper and lower bands that adapt to volatility changes. By using this indicator, traders can identify potential breakouts or support and resistance levels. While also gauging...
This tool is designed for traders looking to spot areas of consolidation on their charts across various time frames. It highlights these consolidation areas using visually appealing boxes, making it easier to identify potential breakout or breakdown zones. How To Use: Spotting Consolidation: When you see a box form on your chart, this represents a...
The indicator is designed to identify consolidation periods on the chart of a trading instrument. Key factors and parameters to consider when using this indicator: 1. Consolidation length (consol_length): This parameter allows you to set the length of the period in which consolidation will be sought. The higher the value, the longer consolidation periods...
It's relatively easy to create a repainting system where you can detect consolidation but it can be pretty hard to detect breakouts while the consolidation is happening live. This experimental approach came to my mind after brainstorming a bit. What it does This indicator DOES NOT REPAINT and try to show consolidation zones by coloring the bars or background...
Price Legs: Average Heights; 'Smart ATR'. Consol Range Gauge ~~ Indicator to show small and large price legs (based on short and long input pivot lengths), and calculating the average heights of these price legs; counting legs from user-input start time ~~ //Premise: Wanted to use this as something like a 'Smart ATR': where the average/typical range of a...
HELLO: -This indicator is a waaaay simpler version of my other script - Moving Average-TREND POWER v1.1-(AS). HOW DOES IT WORK: -Script counts number of bars below or above selected Moving Average (u can se them by turning PLOT BARS on). Then multiplies number of bars by 0.01 and adds previous value. So in the uptrend indicator will be growing faster with every...
0)NOTE: This is first version of this indicator. It's way more complicated than it should be. Check out Moving Average-TREND POWER v2.1-(AS), its waaaaay less complicated and might be better.Enjoy... 1)INTRODUCTION/MAIN IDEA: In simpliest form this script is a trend indicator that rises if Moving average if below price or falling if above and going back to zero if...
The Liquidity Sentiment Profile is an advanced charting tool that measures by combining PRICE and VOLUME data over specified anchored periods and highlights within a sequence of profiles the distribution of the liquidity and the market sentiment at specific price levels. The Liquidity Sentiment Profile allows traders to reveal significant price levels,...
This indicator is designed to identify potential turning points in the market. By measuring the distance between the price and a moving average, and normalizing it, the MACI provides valuable insights into market sentiment and potential reversals. In this article, we will explore the calculation, interpretation, and practical applications of the MACI, along with...
OVERVIEW The Braid Filter indicator was initially made by Robert Hill and published in the Stocks and Commodities Magazine in 2006. This version of the Braid Filter expands upon Hill's original one by adding much more customization and tweaking abilities. Instead of using a simple moving average to calculate the Braid Filter, this version allows you to choose...
A basic statistic to describe "ranges". There are three inputs: - short range - long range - moving average length The output is a ratio of the short range to the long range. In the screenshot example, the short range is a single day (bar) and the long range is five days. A value near "1" would mean that every day entirely fills the five day range, and that a...
This indicator dynamically display consolidation range base on three series ( high, low and close). it also display range breakout when a close occurs outside of the range. HeikinAshi and Diffrent Timeframe data can be requested to reduce the noise from the market. All setting are configurable : entryprice, takeprofits, Risk: REward, Dark Mode
Coefficient of variation (“COV”) is a statistical measure used to describe the variability of values within a data set, it’s calculated by taking the standard deviation divided by the mean. Traditionally, COV is applied to the expected returns of competing investment portfolios. A risk adverse investor prefers to accept a portfolio with a relatively lower COV...
OK let's get started , A Day Trading (Intraday) Consolidation Breakout Indication Strategy that explains time condition for Indian Markets . The commission is also included in the strategy . The basic idea is , 1) Price crosses above upper band , indicated by a color change (green) is the Long condition . 2) Price crosses below lower band , indicated by a color...
Consolidation indicates moments of market indecision when there is no shift in price. It is neither positive nor negative. Usually, after a price burst or strong trend movement that market falls back into a phase when traders are cautious about possible overbought or oversold positions. During this period, market reconciles before another breakout or trend...
This script attempts to find consolidations or retracements within the context of a previous uptrend - basically looking for flag type patterns. It first measures an initial move (referred to as the flag pole in this script) and then looks for consolidation after that move within a certain range. If the consolidation is within the rage, it plots a dot under the...
Highs/Lows difference indicator To visually evaluate the difference between highs and lows of a price range. This handsome indicator shows: difference between highs of 2 candles by displaying it in green histogram difference between lows of 2 candles by displaying it in red histogram difference between both highs and lows by displaying a circle at the...
// How it Works \\ Measuring the distance of the close price from a higher timeframe VWAP - Volume Weighted Average Price There is a threshold which is calculated by looking back at the previous x amount of bars and storing the highest/lowest values If the distance from the vwap stretches above that threshold, the histogram will go green if price is above VWAP and...