The original problem: The choppiness index is great at finding ranging markets, but it is sometimes very slow, which means most of the time it only catches the end of a trend. This indicator tries to solve this. It uses the choppiness index and filters it using a factor that is based on the standard deviation of the ATR. The ATR based filter is calculated by...
ORB 5 Min With Pre Market Data Opening Range 5 Minute Chart - set chart to 5m - enable pre market data (if using with tradingview, if not use my other script) - add your other indicators you like
Example how to set the time range window to be backtested for both entries and exits. Additional examples are also included showing how to set the date range and toggle plot visibility. By incorporating this code with your own strategy's logic, it will allow you to backtest various time windows. Much gratitude to @LucF and @a.tesla2018 for help with including...
Hello, Hello, Hello, And welcome back to Bitcoin Beats. Today I'm going to show you my Ranges Indicator. Designed initially for breakouts but an analysts mind quickly spots the other uses for this indicator. If we are consolidating (which is most of the time) a good strategy to trade would be to trade ranges. However, as soon as you spot the range it can feel...
Here's a mix of two indicators that I find particularly useful. One is a Range Box showing High and Low of the day plus 50% range, as well as high and low of the previous day. The Box changes color based on whether it closed higher or lower than the previous session. The second one plots Variable Moving Average clouds - short and long term one. The rules are...
classic decision point for intraday CDH- current day high(not fixed range) CDL- current day low (not fixed range) CDO- current day open(fixed range) PDH- previous day high(fixed range) PDL- previous day low(fixed range) PDC- previous day close(fixed range) above all are decision points where market reaction takes place.. make your own strategy for intraday using DP...
This script plots an extension my other script High, Low, Inbetween. It sometimes makes it difficult to view the candles effectively so I've added this separately to my other script It calculates the range between high/low and midpoint. It then plots these lines as extensions from the high and low. This is done twice.
This indicator plots the daily high and low from the previous day. (BLACK) It then calculates the midpoint of the high and low and plots this. (RED) This indicator can be used to identify daily ranges and to identify possible support and resistance levels.
Simple script made to identify trading ranges in any timeframe The oscillator bounces between 1 and 0. 1 means that the current asset is in a trading range and 0 meaning it is not. The determination of a trading range is determined by the following: ATR(14)40 and RSI<60 ADX<25 Due to all 3 having to be fulfilled in order for the oscillator to show there is...
This indicator normalizes Day's candle with Open. Idea is to see the daily movement in the context of the Open of the Day. Larry Williams talks about Open being the most important price of the day. Hence, this indicator. The Green line is average Open-to-High for occurrences of Red days. The Red line is average Open-to-Low for occurrences of Green days. Average...
TRR calculates the volatility of your stock. This is just the magnitude of each days price fluctuations, or what technicians refer to as the True Range. TRR averages the True Range (ATR) over three different time periods. Why three? You want a sensitive indicator that reflect both the long term historical volatility of the equity as well as what that...
The indicator is based on making the standard deviation (where the mean is a moving average) a two-lines cross indicator, by applying an MA over it. When the standard deviation is above the MA, there is considered to be enough volatility in the market for trends to form. Blue background = There is ACTION in the market -- signals it should be safe to trade Gray...
This is the last of the 'RePaNoCHa' script for Automatic Trading ;-) ... This time with two take profits ... It Use 6 indicators + volume: -JURIK MOVING AVERAGE -RANGE FILTER -ADX -PARABOLIC SAR -RSI + VOLUME WEIGHTED -MACD -VOLUME To close the position you can choose between 2 Take Profit and the amount to use on each one. You can transform it yourself into...
Plots the the highest true range for the entire dataset. Beneficial for determine an emergency stopp loss.
Expected Ranges base on AEONDRIFT implementation of Standard Deviation bands. Note: In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment/trade decisions. Please PM me for access information.
Developing Range v1.0 ---------------------------- Azimuth Dynamics Scalping tool for help finding potentially high probability reactive levels. I suggest using on a 5min chart. GRAY BAND: yesterday's High-Low range BLUE BAND: today's Developing Range. Mean of today's High-Low range so far and yesterday's High-Low range, this is calculated for each of...
Script for automatic trading (Backtest). This is the second part of the previous RePanoCHa script but with Take Profit. It Use 6 indicators + volume: -JURIK MOVING AVERAGE -RANGE FILTER (from Donovan Wall) -ADX (ORIGINAL VERSION) -PARABOLIC SAR -RSI + VOLUME WEIGHTED -MACD -VOLUME To close the position you can choose between Take Profit only, Trailing Stop only...