Opening Range 5 Min LinesOpening Range Lines Indicator
The Opening Range Lines indicator, abbreviated as "OR Lines," is a tool designed to visualize the price range established during the initial moments of a trading session. It helps traders identify significant levels of support and resistance based on the price action during the opening minutes of the session.
Features:
Customizable Timeframe: Traders can specify the duration of the opening range, typically within the first few minutes of the trading session, using the input parameter.
High and Low Lines: The indicator plots two lines on the chart representing the highest and lowest prices reached during the defined opening range period.
Color-Coded Visualization: The opening range high and low lines are color-coded for easy identification. The high line is typically displayed in green, while the low line is displayed in red.
Usage:
Support and Resistance: Traders often use the opening range lines as dynamic support and resistance levels. Prices that breach the opening range high or low may indicate potential breakout or breakdown opportunities.
Intraday Trading: Day traders can utilize the opening range lines to establish intraday trading strategies. For example, buying when the price exceeds the opening range high and selling when it falls below the opening range low.
Confirmation Tool: The opening range lines can also serve as confirmation tools for other technical indicators or trading signals. A bullish signal accompanied by a breakout above the opening range high may reinforce a buy signal, while a bearish signal combined with a breakdown below the opening range low may strengthen a sell signal.
Notes:
Extended Hours Trading: To accurately display the opening range lines for stocks or ETFs, users should enable extended hours trading on their chart settings.
Customization: Traders can adjust the timeframe and appearance settings of the indicator to suit their specific trading preferences and market conditions.
The Opening Range Lines indicator provides traders with valuable insights into the early price dynamics of a trading session, aiding in decision-making and trade management during intraday trading activities.
In den Scripts nach "range" suchen
Customizable 52 Week High & Range BandsTitle: Customizable 52 Week High & Range Bands Indicator
Description:
The "Customizable 52 Week High & Range Bands" indicator is a novel tool designed for traders and investors who seek to gain insights into an asset's long-term performance while simultaneously identifying potential support and resistance levels through customizable percentage-based range bands.
Key Features:
52-Week High Visualization: At its core, this indicator pinpoints the highest price reached by an asset over the past 52 weeks, offering a clear view of its peak performance in the yearly window.
Adjustable Range Bands: Unlike fixed indicators, this tool allows users to set a custom percentage above and below the 52-week high to create upper and lower range bands. These bands are invaluable for traders looking to gauge potential breakout or pullback zones relative to historical highs.
Strategic Decision-Making: By adjusting the range bands, users can tailor the indicator to match their trading style, whether it be conservative or aggressive, making it a versatile addition to any trading strategy.
How to Use:
Customize the Percentage: Begin by setting your desired percentage for the range bands through the indicator settings. This will adjust the upper and lower bands to encapsulate the range you're interested in monitoring.
Analyze the Bands: The 52-week high and its corresponding range bands are plotted directly on the chart, offering immediate visual cues. Look for price actions that approach or breach these bands to identify potential trading opportunities.
Incorporate into Your Strategy: Use the information provided by the indicator in conjunction with other analysis tools or indicators to refine your trading decisions and strategies.
This indicator stands out by providing not just a static view of the past year's performance but a dynamic tool that can be customized to fit the individual trader's needs, making it a valuable addition to the TradingView Community.
Timely Opening Range Breakout Strategy [TORB] (Zeiierman)█ Overview
The Timely Opening Range Breakout (TORB) indicator builds upon the classic Open Range Breakout (ORB) concept. The ORB strategy is a popular trading setup used to identify trades around the opening range of an asset. It's based on the idea that the first few minutes (15-60 minutes) of trading often set the tone for the rest of the day, with breakouts above or below the opening range signifying potential trends.
TORB refines the concept by stating that a trade is only valid if there is sufficient market activity. This means a breakout beyond the upper or lower range is only of interest during the most active trading hours, as defined by PMMV (Per-Minute Mean Volume)
█ How It Works
ORB
The indicator works by first defining a session's opening range based on user-specified settings, including the session's start and end times and the applicable time zone. During this session, it calculates the high and low price points, which form the basis for identifying potential breakout levels.
PMMV
PMMV (Per-Minute Mean Volume) provides a snapshot of the market's activity level at each minute of the trading day. PMMV is calculated by averaging the trading volume in a one-minute interval over a specified number of trading days. This script uses the average volume over the last N periods to determine the PMMV value. This average volume provides a smoother representation of volume activity compared to using a single volume value. It considers the volume over a broader timeframe, filtering out short-term fluctuations and potentially offering a more reliable indicator of underlying market activity.
TORB
TORB works by integrating the Opening Range Breakout (ORB) highs and lows with the Per-Minute Mean Volume (PMMV) metric to assess the validity of breakouts. The objective is to identify breakouts from the opening high and low levels during periods of heightened market activity, as indicated by PMMV.
█ How to Use
To effectively utilize the Timely Opening Range Breakout (TORB) strategy, follow these steps:
Identify Active Hours: Employ PMMV to pinpoint periods of peak activity within the trading day.
Apply Basic ORB Rules: If the price surpasses the upper range (resistance), buy; if it breaches the lower range (support), sell.
Breakouts
The TORB strategy identifies breakout signals when the price moves beyond the established range, supported by volume exceeding a set threshold. This technique aims to eliminate false signals, focusing on price movements during high market activity.
█ Settings
Session
Trading Session: Customize the trading session's start and end times.
Volume
Volume analysis is integral to the TORB strategy, as it uses volume data to confirm the strength and validity of breakout signals.
Period: Sets the number of periods (or bars) to calculate the average volume, which is then used to assess market activity level.
Sensitivity and Significance: Adjusts how responsive the volume analysis is to changes in trading volume. By adjusting the sensitivity, traders can decide how much emphasis to place on volume spikes, potentially reducing false breakouts and focusing on those supported by significant trading activity.
Breakout Threshold
This setting establishes a criterion to identify when the price movement is significant enough.
Threshold: Traders set a threshold level to identify high market activity. If the PMMV is greater than or equal to this threshold, it indicates significant market activity.
Setting the correct threshold is key to balancing sensitivity and specificity. Too low of a threshold may lead to many false positives, while too high of a threshold might filter out potentially profitable breakouts. This setting helps in pinpointing when market activity indicates a strong move, thereby aligning trade entries with moments of heightened market momentum.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Spike RangeGuided by new ICT tutoring, I create this versatile Spike Range
This indicator shows a different way on how to display "Spikes or Shadows" based on their size,
the indicator divides the "Spike or Shadows" into levels 0.5 - 0.75 - 0.25 Fibonacci, giving the possibility of viewing the "Spike or Shadows" with a certain size and being able to use them as continuation or reversal zones
The user has the possibility to:
- Choose the size of the "Spike or Shadows"
- Choose to view "Spike or Shadows" levels
- Choose to show only bullish or only bearish "Spike or Shadows" levels
The indicator should be used as ICT shows in its concepts.
The indicator takes into account the "Spades or Shadows" that have a certain size (based on the minimum range set)
These Spikes can be rated as "FVG" so you can expect reactions on the levels it marks, considering a reversal or continuation based on the range being respected
If the Spike is Bullish and the Price closes by invalidating 50% of the range we can evaluate a possible entry up to the High of the Spike
Below is an example of how to use them:
Invalidades Range
Respect Range
User Defined Range Selector and Color Changing EMA LineThe "User Defined Range Selector and Color Changing EMA Line," stands out in the crowded field of trading indicators due to its unique blend of visual clarity and customizable functionality. Unlike traditional indicators, this tool not only tracks the Exponential Moving Average (EMA) but enhances it with a user-defined mirrored line to visually denote a range based on a percentage distance from the EMA.
Key Features:
- Dynamic Color-Changing EMA: The EMA line changes color based on its slope, providing instant visual cues about the market trend. Blue signifies an upward trend, red indicates a downward trend, and gray represents a sideways market.
- Customizable Range Selector: A mirrored EMA line is plotted, which can be set at a user-defined percentage away from the primary EMA. This feature allows traders to visualize a potential price range or channel, adding an extra layer of analysis for potential support and resistance zones.
- User-Driven Inputs: With inputs like EMA length, slope length, source, and the percentage distance for the mirrored line, the indicator offers a high level of customization, catering to various trading styles and strategies.
- Enhanced Trading Strategy Development: This combination of trend visualization and range identification aids in refining entry and exit points, making it an invaluable tool for developing more nuanced trading strategies.
Why It's Unique:
- Dual Functionality: The combination of trend indication (via color changes) and range visualization (through the mirrored line) sets this indicator apart from traditional EMA-based tools.
- Customization and Flexibility: The ability to tailor key parameters like EMA length and the percentage away for the mirrored line empowers traders to adapt the tool to fit their specific trading approach and market conditions.
- Visual Simplicity: Despite its multifaceted capabilities, the indicator maintains a clean and intuitive visual presentation, ensuring ease of use and interpretation.
License: This source code is subject to the terms of the Mozilla Public License 2.0. More details can be found at (mozilla.org). However, the code is public so use it as you see fit.
Bull Vs Bear Visible Range VP [Kioseff Trading]Hello!
This Script “Bull vs Bear Visible Range VP” Calculates Bull & Bear Volume Profiles for the Visible Range Alongside a Delta Ladder for the Visible Period!
Features
Volume Profile Anchored to Visible Range
Delta Ladder Anchored to Visible Range
Bull vs Bear Profiles!
Standard Poc and Value Area Lines, in Addition to Separated POCs and Value Area Lines for Bull Profiles and Bear Profiles
Configurable Value Area Target
Curved Profiles
Up to 9999 Profile Rows per Visible Range
Stylistic Options for Profiles
This Script Generates Bull vs. Bear Volume Profiles for the Visible Range!
Up to 9999 Volume Profile Levels (Price Levels) Can Be Calculated for Each Profile, Thanks to the New Polyline Feature, Allowing For Less Aggregation / More Precision of Volume at Price and Volume Delta.
Bull vs Bear Profiles
The Image Above Shows Primary Functionality!
Green Profiles = Buying Volume
Red Profiles = Selling Volume
Bullish & Bearish Pocs for the Visible Range Are Displayable!
Profiles Can Be Anchored on the Left Side for a More Traditional Look.
The indicator is robust enough to calculate on "small price periods", or for a price period spanning your entire chart fully zoomed out!
That’s About It :D
This Indicator Is Part of a Series Titled “Bull vs. Bear” - A Suite of Profile-Like Indicators I Will Be Releasing Over Coming Days. Thanks for Checking This Out!
If You Have Any Suggestions Please Feel Free to Share!
RD Opening Range/Initial BalanceIntroducing the RD Opening Range/Initial Balance indicator. The opening range is the first 60 minutes of trading action for a given day (High, Mid, and Low).
The market tends to put significance in these levels, that's why we use them in our trade system.
There is also a data panel:
Today - Today's opening range value
W-Avg - This weeks average
20D CA-OH - the total number of closes above the opening range over the last 20 days (above high)
20D CA-OL - the total number of closes below the opening range over the last 20 days (below low)
* We do plan to add additional data points.
* Only the last OR has labels, we will not be adding them or an option in the future.
* Full customization in setting panel. Color of lines, background, no display of data panel and more.
How to Use
These levels act as dual magnets. They both attract price and repel price.
You use price action and rules to decipher if price is being attracted or repelled.
You will notice as you use this indicator that price respects these levels. Often when answering the 3Qs one of these levels is in play.
During the cash market these levels play a significant role in price action. Even during the Globex/Overnight session these levels are a factor.
Circle areas are examples of price reactions at OR key levels:
If you trade with the RDTS you already know how to use these levels as reaction and target zones.
For clues on which level price is being repelled or attracted I'd suggest you utilize bias and momentum indicators like the RDA.
Initial Balance vs Opening Range
Before we move on and discuss how to use this indicator I want to mention what I consider the difference between the Opening Range and the Initial Balance.
I've adopted the Opening Range verbiage for the first 60 minutes of trading even though the Opening Range is often defined as the first 15m or first 30m.
The more accurate term for the first 60m should be Initial Balance. I'm not sure exactly where this originated but I learned this term when I was heavily trading TPO-- the IB is the first 2 30m blocks of trading.
Any questions or improvements just comment below.
This script was created in by both Bhangerang (an Alpha member of the RDTS) with help by @RexDogActual as well as permission to publish.
Draw Line For High Low Custom Range Interactive█ OVERVIEW
This indicator is an educational indicator to make pine coders easier to how to use interactive inputs with User-Defined Type (UDT) especially when dealing input.time.
█ NOTES
This indicator is not perfect but it is a good starting point or template to start develop custom range interactive indicator.
█ INSPIRATIONS
ABC 123 Harmonic Ratio Custom Range Interactive
XABCD Harmonic Pattern Custom Range Interactive
PriceTimeInteractive
█ CREDITS
CAGR Custom Range
Pine scripts are now interactive
█ FEATURES
1. High Low points are determined based on points selected.
2. Line will be drawn after points are correctly arranged.
3. Label show error once wrong point is selected, move the point as instructed in example.
█ EXAMPLES / USAGE
Supply and Demand Visible Range [LuxAlgo]The Supply and Demand Visible Range indicator displays areas & levels on the user's chart for the visible range using a novel volume-based method. The script also makes use of intra-bar data to create precise Supply & Demand zones.
🔶 SETTINGS
Threshold %: Percentage of the total visible range volume used as a threshold to set supply/demand areas. Higher values return wider areas.
Resolution: Determines the number of bins used to find each area. Higher values will return more precise results.
Intra-bar TF: Timeframe used to obtain intra-bar data.
🔶 USAGE
The supply/demand areas and levels displayed by the script are aimed at providing potential supports/resistances for users. The script's behavior makes it recalculate each time the visible chart interval/range changes, as such this script is more suited as a descriptive tool.
Price reaching a supply (upper) area that might have been tested a few times might be indicative of a potential reversal down, while price reaching a demand (lower) area that might have been tested a few times could be indicative of a potential reversal up.
The width of each area can also indicate which areas are more liquid, with thinner areas indicating more significant liquidity.
The user can control the width of each area using the Threshold % setting, with a higher setting returning wider areas. The precision setting can also return wider supply/demand areas if very low values are used and has the benefit of improving the script execution time at the cost of precision.
The Supply and Demand Zones indicator returns various levels. The solid-colored levels display the average of each area, while dashed colored lines display the weighted averages of each area. These weighted averages can highlight more liquid price levels within the supply/demand areas.
Central solid/dashed lines display the average between the areas' averages and weighted averages.
🔶 DETAILS
Each supply/demand area is constructed from volume data. The calculation is done as follows:
The accumulated volume within the chart visible range is calculated.
The chart visible range is divided into N bins of equal width (where N is the resolution setting)
Calculation start from the highest visible range price value for the supply area, and lowest value for the demand area.
The volume within each bin after the starting calculation level is accumulated, once this accumulated volume is equal or exceed the threshold value ( p % of the total visible range volume) the area is set.
Each bin volume accumulation within an area is displayed on the left, this can help indicate how fast volume accumulates within an area.
🔶 LIMITATIONS
The script execution time is dependent on all of the script's settings, using more demanding settings might return errors so make sure to be aware of the potential scenarios that might make the script exceed the allowed execution time:
Having a chart's visible range including a high number of bars.
Using a high number of bins (high resolution value) will increase computation time, this can be worsened by using a high threshold %.
Using very low intra-bar timeframe can drastically increase computation time but can also simply throw an error if the chart timeframe is high.
Users facing issues can lower the resolution value or use the chart timeframe for intra-bar data.
Grid Range Volatility BasedThis TradingView Pine script implements a grid range volatility based indicator that displays dynamic horizontal lines on the chart. The lines are calculated based on the average true range (ATR) of the security being plotted, and the range can be adjusted using an input parameter. The distance between the top and bottom lines is displayed as a percentage in a dynamic label that updates with each new bar.
The script allows the user to choose whether to use red or black lines, and also provides options to set the number of days for range calculations, and the calculation type (either ATR(1) or ATR(x)). The script is designed to work with stocks, forex, and other securities that have price data.
To use this script, simply attach it to a chart and adjust the input parameters to suit your analysis needs. The dynamic lines and percentage label will be displayed on the chart, providing a visual representation of the range volatility of the security being plotted. The values of the highest and lowest lines can also be displayed as labels on the price axis, providing additional context for the range volatility.
Simple RangeThe daily price range is a good proxy to judge an instrument’s volatility. I have combined multiple concepts in this indicator to display information regarding the daily price range & its volatility.
A trading period's range is simply the difference between its high and the low. This script shows the daily high-to-low range of the price as a column chart. It has 3 main components:
1. Narrow-range days (NR7) & Wide-range Days (WR20) - as plot columns
Original concept from Thomas Bulkowski
Modified from "NR4 & NR7 Indicator" script by theapextrader7
Modified from "WR - BC Identifier" script by wrpteam2020
Narrow range days mark price contractions that often precede price expansions. This script uses NR7 (narrow range 7) as a narrow-range day. This value can be changed by the user if, instead of an NR7, he or she wishes to use NR4 or NR21, or any other interval of his or her choice. NR7 is an indecisive trading day in which the range is narrower than any of the previous six days (a total of 7 days). This is a popular concept given by Thomas Bulkowski. A breakout is said to occur when price closes above the top or below the bottom of the NR7. Upside breakout of an NR 7 candle with high volumes indicates bullishness.
Similarly, highs & lows of wide-range bars (on big volumes) are also significant reference levels for price. Wide-range candle are identified by size of the body candle (open - close). The script compares the size of previous 20 candles to identify WR20 candles. This value can also be changed by the user.
The script shows NR7 & WR20 as orange & blue bars, respectively.
The user can also turn on the option to identify a big high-to-low range candle greater than a pre-defined threshold (default is 5%). These show up as green or red bars.
2. TTM Squeeze - as background
Original concept from John Carter's book "Mastering the Trade"
Based on "Squeeze Momentum Indicator" script by LazyBear
John Carter’s TTM Squeeze indicator looks at the relationship between Bollinger Bands and Keltner's Channels to help identify period of volatility contractions. Bollinger Bands being completely enclosed within the Keltner Channels is indicative of a very low volatility. This is a state of volatility contraction known as squeeze. Using different ATR lengths (1.0, 1.5 and 2.0) for Keltner Channels, we can differentiate between levels of squeeze (High, Mid & Low compression, respectively). Greater the compression, higher the potential for explosive moves.
In the script, the High, Mid & Low compression squeezes are depicted via the background color being red, orange, or yellow, respectively.
3. Average Daily Range - as table
Original idea by alpine_trader
Modified from "ADR% - Average Daily Range % by MikeC" script by TheScrutiniser
Average Day Range (ADR) tells how much the price moves between the high and low on a given day. This is the day Range, which is then averaged to create ADR. The script uses an average of the last 20 days to calculate the ADR. Unlike ATR (Average True Range), this excludes Gaps.
The script displays the ADR as a % value in a table.
If you want to find stocks that move a lot on an average on most days, then look for stocks that have ADR% of 5% or more.
If you prefer lower volatility stocks, focus on stocks with lower ADR% values, such as 2% or less.
How it comes together
For a bullish "momentum burst", or a velocity trade:
Select stocks with Average Day Range % (ADR) greater than 5
Identify significant reference price levels via highs & lows of WR20 bars (on big volumes)
Wait for a decent mid-to-high compression squeeze
Look for clusters of NR7 candles in the consolidation
Any breakout from this consolidation should be accompanied by more than average (preferably pocket pivot) volumes
Time Range Bar PatternThis will show candle pattern in separate window to maintain candle pattern and candle's shape consistently (as in big trading range, candle is much smaller and in small trading range, candle is much bigger)
There are 4 parameters:
- Bull color and bear color - clear enough
- Candle Time Range - you can input time range you desire (remember you need to set the value based on chart time as well, for example if M5, then the time range need to be in M5 time range)
- First Candle Time Range - need your help to input the first candle time range for easier calculation and visual (remember you need to set the value based on chart time as well, for example if M5, then the time range of first candle should be in 5 minutes period)
(Quartile Vol.; Vol. Aggregation; Range US Bars; Gaps) [Kioseff]Hello!
This indicator is a multifaceted tool that's, hopefully, useful for price action and volume analysis.
(This script makes use of the newly introduced "text_font" parameter)
With this script you'll have access to:
Range US Chart
Volume Aggregation Chart
Gaps Chart
Volume by Quartile
Consequently, you'll have access to:
First Quartile Volume Threshold
Second Quartile Volume Threshold
Third Quartile Volume Threshold
90th Percentile Volume Threshold
Fourth Quartile Volume Threshold
Q2 - Q1 Dispersion
Q3 - Q2 Dispersion
Q4 - Q3 Dispersion
Quartile Deviation
Interquartile Range
Avg. "n" bar return following "high" volume
Avg. "n" bar positive return following "high" volume
Avg. "n" bar negative following "high" volume
# of Positive Returns Following a Gap
# of Negative Returns Following a Gap
# of Gaps
# of Up Gaps
# of Down Gaps
Average # of bars to fill Up Gaps
Average # of bars to dill Down Gaps
Average Gap Up % increase
Average Gap Down % decrease
Cumulative % increase of all Up Gaps
Cumulative % decrease of all Down Gaps
Sort gaps by distance from price
Hide gaps that price substantially deviates from (gaps will reappear when price trades near the gap)
Segment Range US bars by date
Manually configure Range US price thresholds
Identify "congestion" areas with Range US bars
Range US Levels that must be exceeded for a new Range US bar to produce
Manually configure cumulative volume threshold for Volume Aggregation bars
Segment Volume Aggregation bars by date
Largest Volume Aggregation bar increases
Largest Volume Aggregation bar decreases
Calculate log returns after "high" volume sessions
Quartile Volume
The Quartile Volume portion of the script segments price/volume intervals by quartile.
The image above shows features of the indicator.
For statistics, the following metrics are recorded:
First Quartile
Second Quartile
Third Quartile
90th Percentile
Fourth Quartile
Q2 - Q1 Dispersion
Q3 - Q2 Dispersion
Q4 - Q3 Dispersion
Quartile Deviation
Interquartile Range
Color-coordinated price bars (by volume quartiles)
The percent rank for the volume of the current bar
Avg. "n" bar return following "high" volume
Avg. "n" bar positive return following "high" volume
Avg. "n" bar negative following "high" volume
The script colors bars via gradient.
By default, bars are colored lime when volume for the interval is "high" (exceeds upper quartile thresholds). The greener the bar, the higher the volume for the interval.
Bars are colored red when volume for the interval is "low" (fails to exceed lower quartile thresholds). The redder the bar, the lower the volume for the interval.
Naturally, brownish-colored bars reflect a volume interval that concluded near the median.
The image above exemplifies the process. This feature might be useful to categorize / objectively define high-volume clusters, low-volume clusters, high-volume price moves, low-volume price moves, etc.
For greater precision, you can select to color bars by volume quartile they belong to.
The image above shows color-coordinated price bars. More details shown in the image.
Additionally, you can select to plot the quartile/percentile that a price bar belongs to on the chart.
The image above shows price bars numbered by the volume quartile they belong to.
The script will distinguish successive 90th percentile violations, superimpose a linear regression channel atop the data sequence, and record pertinent statistics.
The image above shows the process.
Lastly, the user can plot an anchored VWAP using a built-in time function.
The image above shows the anchored VWAP.
Range US Chart
A Range US chart operates irrespective of time and volume - simply - bars produce after a user-defined price move is achieved/exceeded in either direction. A range us chart produces “trend candles” and “reversal candles”. A reversal candle always moves against the most immediate bar; a trend candle always moves in favor of the most immediate bar. The user defines the dollar amount price must travel up/down for a trend candle to fulfill, and for a reversal candle to fulfill.
Note: if a “down reversal” candle (red) Is produced, it’s impossible for the next candle to also be a down reversal candle - for the downside move to continue the criteria for a down trend candle must be fulfilled. Similarly, if an “up reversal” candle (green) Is produced, it’s impossible for the next candle to also be an up reversal candle - for the upside move to continue, the criteria for an uptrend trend candle must be fulfilled. Consequently, Range US bars frequently trade at the same level for extended periods. This is intentional, as this chart type is theorized to “filter noise” (whether Range US charts fulfill this theory is to your discretion).
Lastly, if an up trend candle (green) is produced, the next candle cannot be up a reversal up candle - only a trend up candle or reversal down candle can produce - vice versa for a trend down candle (the subsequent candle cannot be a reversal down candle). In this sense, an uptrend continues on successive trend up candles; a down trend continues on successive trend down candles.
The image above exemplifies Range US chart functionality.
The lower-right stats table shows the requisite price move for a "Trend" candle to produce and for a "Reversal" candle to produce.
The default settings for this chart time automatically calculate the required "Trend" candle price move and the required "Reversal" candle price move. However, both settings are configurable.
The image above shows manually configured parameters for a trend bar and reversal bar to produce. This feature allows the user to replicate the Range US chart hosted on extrinsic charting platforms.
However, please consider that this script does not use tick data; 1-minute OHLC data is used for calculations.
Consequently, configuring the trend bar and reversal bar requirement too low may return inaccurate data. For instance, if you set trend candles to form after a $1 price move then trend candles will form if price moves up $1 from a green Range US bar or down $1 from a red Range US bar. This is sufficient for lower priced assets; however, if you were trading, for instance, Bitcoin - a $1 price move can happen numerous times in one minute. This script can’t plot bars and record data until a 1-minute bar closes and a new 1-minute bar opens. Further, if Bitcoin moves up $1 twenty times and down $1 twenty times in a 1-minute bar - your Range US chart will record such variations as one price move. This data is inaccurate and likely useless.
To counter this quandary, a warning message will appear if you configure trend bar price moves or reversal bar price moves too low.
The image above shows the concealable warning message.
The image above is a flow diagram (made with shaky hands) illustrating the Range US bar formation process.
A google search will return additional information on the Range US chart type.
Volume Aggregation Bars
TradingView user and member of the TradingView Discord server @ferreirajames informed me of the Volume Aggregation chart type. The user commented in the "Suggestions" channel for the TradingView Discord server asking for the Volume Aggregation chart type. As an interim fix, I tried my hand at recreating the process, which is available in this script.
Similar to the Range US chart type, Volume Aggregation bars aren’t bound to a time-axis; the bars form after a user-defined, cumulative amount of volume is achieved or exceeded. Consequently, once the cumulative amount of volume is achieved or exceeded - a bar is produced at the corresponding price level.
Underlying theory: The chat type is conducive to identifying price levels where traders are “trapped”. Whether the process adequately distinguishes this circumstance is to your discretion.
The image above exemplifies the Volume Aggregation chart type.
Regardless of the current price, Volume Aggregation bars for after a requisite amount of volume is achieved/exceeded. Tick data isn't used; therefore, remainder values are carry over.
By default, the script automatically calculates a proportional cumulative volume total to dictate the formation of Volume Aggregation bars. However, the cumulative threshold is configurable.
The image above shows Volume Aggregation bars forming subsequent a user-defined cumulative volume total being exceeded.
Note: This chart type uses OHLC data from the timeframe of your chart. Therefore, for instance, setting the volume threshold too low will produce inaccurate, useless data.
A warning message will appear for such occurrence.
Gaps
The indicator incorporates a "Gaps" chart type.
The image above shows accompanying features.
A list of all unfilled gaps is accessible - gaps for this list are sorted by distance from current price.
Partially filled gaps are displayed in the corresponding gap box - the percentage amount the gap was filled is also displayed.
Gap statistics show:
# of Gaps
# of Up Gaps
# of Down Gaps
Average # of bars to fill Up Gaps
Average # of bars to dill Down Gaps
Average Gap Up % increase
Average Gap Down % decrease
Cumulative % increase of all Up Gaps
Cumulative % decrease of all Down Gaps
Naturally, there may be gaps formed thousands of bars ago that aren't close to price. Showing these gaps on the chart will "scrunch" the y-axis and make prices indistinguishable.
I've added a setting that allows the user to hide gaps that are "n" % away from the current price. The gap, if unfilled, will reappear when price trades within the user-defined percentage.
The image above shows an example. There's an unfilled down gap that's "hidden" because the current price is a further % away from price than what I've specified in the settings (1%). When prices trade back within 1% of the gap - it will reappear.
The image above shows the process in action. Prices moved back within 1% (can be any %) of the gap; therefore, it reappeared on the chart.
You can also set the % distance a gap must achieve for it to be considered a gap, recorded and plotted. Additionally, you can select to "visualize" gaps. Similar to the Range US chart and the Volume Aggregation chart, this setting will bars reflecting the most recent sequence of gaps - date and percentage distance of the gap are superimposed atop the bar.
Let me know if there's anything else you'd like included!
Note: The initial compilation time for this script is.... high. However, once the script's compiled, calculation load times are quick and you can sift through assets and timeframes relatively quick.
There's also a setting to "Improve Load Times" in the user-inputs table. This setting only improves the load times for post-compilation calculations and plots. The initial compilation load time is unchanged. Simply, once the indicator has "first loaded", all subsequent loads are quick.
Thank you! (:
Indicator Daily-Weekly-Range-In-PriceSpecification: Indicator Daily-Weekly-Range-In-Price helps traders to easily identify the price movement of a range that goes from highs to lows in a specific timeframe. Range price can be chosen between daily or weekly. It can be integrated with strategies giving us more information abot price movement.
Name:Daily-Weekly-Range-In-Price
Category: Mean Reversion. Range Trading
Timeframe: From weekly below, depending on the specific technique.
Technical Analysis: The indicator uses price action from daily to weekly using highs/lows to detect the range movement.
Suggested usage: Every Market especially for Swing Trading Operativity.
Daily-Weekly-Range-In-Price Indicator can identify automatically the range between highs and lows from weekly to minor timeframes with labels on the charts and an histogram helping shown on the chart to easily identify the volatility range juat at one glance.
Highly Dinamic Inputs Settings: Timeframe can be changed from the input options, labes indicating the range in price will change automatically.
CPR with Developing Pivot RangeThis Developing Pivot Range(DPR) made by Saravanan_Ragavan based on Pivot Boss Developing Pivot Range Concept. This indicator will show how the CPR is developing during the day. Also it shows how trend developing. range fills with green and widening in up trend, wise versa range fills with red and widening in down trend.
Pivot Boss described as following about this indicator:
The Developing Pivot Range (DPR) indicator dynamically calculates the central pivot range in real time as new data enters the market bar by bar. Essentially, this indicator allows you to see the “meat of the market” as the day’s trading activity is taking place. More importantly, however, the closing values for the indicator tell you where the central pivot range will be located for the following session, which paves the way for analyzing extremely important two-day pivot range relationships and key width characteristics. Having this information in advance allows us to prepare properly for the
upcoming session.
Note: Today Session end DPR become Tomorrow's CPR.
Hope this Helps you!
Fr3d0's Volume Profile Visible RangeLow level implementation
At the core of VPVR there’s a concept called “bucketization”.
Question : what is bucketization?
Answer : bucketization consists of identifying metrics with high predictive power and combine them appropriately.
I think this is a problem of bucketization because what the VPVR does is to take a price range, divide it into buckets and fill them up with the volume that was produced in each bucket’s range over the given period.
The more we divide our price range the finer the resolution, but also the less significant each bucket will become.
The steps are :
1. Get the price range with min and max over the give period;
2. Divide the range into buckets;
3. Loop over each candle of the given period and proportionally assign volume to one or more bucket.
Question : how to assign volume to buckets?
Answer : we need to calculate the right amount to add to each bucket for each candle. If 20% of a candle lies on a bucket then that bucket needs to have 20% of the volume of that candle, the rest 80% belongs to other buckets.
To get the percentage of a candle on a given bucket we have to find the price range of the candle contained within the bucket, then divide that amount by the entire length of the candle.
How to bucketize
Question : what are the formulas of A, B, C and Target respectively?
Answer :
- A = Max(candle_high, bucket_top) - Min(candle_low, bucket_bottom);
- B = Max(candle_high, bucket_top) - Min(candle_high, bucket_top);
- C = Max(candle_low, bucket_bottom) - Min(candle_low, bucket_bottom);
- Target = A - B - C.
Now that we now how to calculate the price range belonging to each bucket we need to calculate a percentage of volume to fill the bucket with.
The formula is trivially simple :
Volume * Target / (candle_high - candle_low).
Question : can we distinguish between buy volume and sell volume? If so, how?
Answer : yes we can and the following paragraph will teach you how.
Put it simply we can use the difference between the extremes of a candle (low and high) and its close price to get the buy and sell volumes.
The formulas for that are :
- Buy volume = Volume * (close - low) / (high - low);
- Sell volume = Volume * (high - close) / (high - low).
I know this is rather simplicistic but it makes sense.
Closing thoughts
This script is a working progress and I’m going to give more details if necessary, just let me know in the comments down below.
Multi Range VWAP PivotsMulti Range VWAP Pivots turned out to be one of my most accurate pivot indicators to date!
Multi Range VWAP Pivots works by recognizing the high and low of the timeframe selected (D, W, M, 6M, and 12M) and plotting range high to VWAP averages and range low to VWAP averages.
After further examination of each completed range, I came to the conclusion that due to the nature of averages, high and low respectively would need to be completed within the current range, for the averages to actually display pivots correctly. This means that if all averages appear to be "pivoting" correctly after or during a break lower of higher, then we can only assume the most recent break higher or lower could be exhaustion and price will be reverted to the mean (VWAP). OR, this could be the most accurate hindsight indicator on the planet.
*DISCLAIMER*: This indicator repaints. DO NOT backtest or set alerts with this indicator.
Weekly Open Percent RangeA simple take on finding percentage gain/drop range in a week for ranging or trending market instrument.
This script is hard coded to plot 0 to 3%, -3% range for the week base on instrument weekly open price.
Best to use with measured volatility indicator to gauge the movement of price. Anytime the price goes above the range level then it is likely to be trending. Highly volatile instruments will not find this indicator useful. It is best for heavy instruments like Forex or Indices where range % in a week in a non-volatile move is really quite small that these act as resistances and support.
Range Levels:
3%
2.5%
2%
1.5%
1%
0.75%
0.5%
0.25%
0%
-.25%
-.5%
-.75%
-1%
-1.5%
-2%
-2.5%
-3%
The next step for this indicator is to consider volatility range of instrument and to include this in the percentage zone levels instead of hard coding these.
ASFX EMAs, ADR, Asian Range, and Pivot PointsThis indicator combines the essential indicators that ASFX traders use, including the EMAs (8, 21, 50, 200, 800), the Average Daily Range, the Asian Range, and the Pivot Points.
The EMAs should be used as dynamic supports and resistances. We could use it to find entries like when there is a bullish engulfing coming off the 21 EMA.
The Average Daily Range tells us the how many pips the pair moves on average. We could use it to measure risk/reward ratios or see it as another resistance.
The Asian Range is displayed as two lines indicating the Asian Session's High and Low. This could help us to determine whether the pair is ready for a breakout. We might avoid setups that are still in the Asian Range as the pair might still be indecisive.
The Pivot Points are also another form of support and resistance which are calculated using the previous day's data. The Pivot Points displayed in this indicator only include the Pivot, R1, R2, R3, S1, S2, S3. (R4, R5, S4, S5 are not included)
All of these indicators should give us a read of the trend. If the EMAs are beautifully fanned out with the 8 EMA on the top and the 800 EMA on the bottom and the price is above the Asian Range and the Pivot, we might keep an eye for a long entry.
Ruckard TradingLatinoThis strategy tries to mimic TradingLatino strategy.
The current implementation is beta.
Si hablas castellano o espanyol por favor consulta MENSAJE EN CASTELLANO más abajo.
It's aimed at BTCUSDT pair and 4h timeframe.
STRATEGY DEFAULT SETTINGS EXPLANATION
max_bars_back=5000 : This is a random number of bars so that the strategy test lasts for one or two years
calc_on_order_fills=false : To wait for the 4h closing is too much. Try to check if it's worth entering a position after closing one. I finally decided not to recheck if it's worth entering after an order is closed. So it is false.
calc_on_every_tick=false
pyramiding=0 : We only want one entry allowed in the same direction. And we don't want the order to scale by error.
initial_capital=1000 : These are 1000 USDT. By using 1% maximum loss per trade and 7% as a default stop loss by using 1000 USDT at 12000 USDT per BTC price you would entry with around 142 USDT which are converted into: 0.010 BTC . The maximum number of decimal for contracts on this BTCUSDT market is 3 decimals. E.g. the minimum might be: 0.001 BTC . So, this minimal 1000 amount ensures us not to entry with less than 0.001 entries which might have happened when using 100 USDT as an initial capital.
slippage=1 : Binance BTCUSDT mintick is: 0.01. Binance slippage: 0.1 % (Let's assume). TV has an integer slippage. It does not have a percentage based slippage. If we assume a 1000 initial capital, the recommended equity is 142 which at 11996 USDT per BTC price means: 0.011 BTC. The 0.1% slippage of: 0.011 BTC would be: 0.000011 . This is way smaller than the mintick. So our slippage is going to be 1. E.g. 1 (slippage) * 0.01 (mintick)
commission_type=strategy.commission.percent and commission_value=0.1 : According to: binance . com / en / fee / schedule in VIP 0 level both maker and taker fees are: 0.1 %.
BACKGROUND
Jaime Merino is a well known Youtuber focused on crypto trading
His channel TradingLatino
features monday to friday videos where he explains his strategy.
JAIME MERINO STANCE ON BOTS
Jaime Merino stance on bots (taken from memory out of a 2020 June video from him):
'~
You know. They can program you a bot and it might work.
But, there are some special situations that the bot would not be able to handle.
And, I, as a human, I would handle it. And the bot wouldn't do it.
~'
My long term target with this strategy script is add as many
special situations as I can to the script
so that it can match Jaime Merino behaviour even in non normal circumstances.
My alternate target is learn Pine script
and enjoy programming with it.
WARNING
This script might be bigger than other TradingView scripts.
However, please, do not be confused because the current status is beta.
This script has not been tested with real money.
This is NOT an official strategy from Jaime Merino.
This is NOT an official strategy from TradingLatino . net .
HOW IT WORKS
It basically uses ADX slope and LazyBear's Squeeze Momentum Indicator
to make its buy and sell decisions.
Fast paced EMA being bigger than slow paced EMA
(on higher timeframe) advices going long.
Fast paced EMA being smaller than slow paced EMA
(on higher timeframe) advices going short.
It finally add many substrats that TradingLatino uses.
SETTINGS
__ SETTINGS - Basics
____ SETTINGS - Basics - ADX
(ADX) Smoothing {14}
(ADX) DI Length {14}
(ADX) key level {23}
____ SETTINGS - Basics - LazyBear Squeeze Momentum
(SQZMOM) BB Length {20}
(SQZMOM) BB MultFactor {2.0}
(SQZMOM) KC Length {20}
(SQZMOM) KC MultFactor {1.5}
(SQZMOM) Use TrueRange (KC) {True}
____ SETTINGS - Basics - EMAs
(EMAS) EMA10 - Length {10}
(EMAS) EMA10 - Source {close}
(EMAS) EMA55 - Length {55}
(EMAS) EMA55 - Source {close}
____ SETTINGS - Volume Profile
Lowest and highest VPoC from last three days
is used to know if an entry has a support
VPVR of last 100 4h bars
is also taken into account
(VP) Use number of bars (not VP timeframe): Uses 'Number of bars {100}' setting instead of 'Volume Profile timeframe' setting for calculating session VPoC
(VP) Show tick difference from current price {False}: BETA . Might be useful for actions some day.
(VP) Number of bars {100}: If 'Use number of bars (not VP timeframe)' is turned on this setting is used to calculate session VPoC.
(VP) Volume Profile timeframe {1 day}: If 'Use number of bars (not VP timeframe)' is turned off this setting is used to calculate session VPoC.
(VP) Row width multiplier {0.6}: Adjust how the extra Volume Profile bars are shown in the chart.
(VP) Resistances prices number of decimal digits : Round Volume Profile bars label numbers so that they don't have so many decimals.
(VP) Number of bars for bottom VPOC {18}: 18 bars equals 3 days in suggested timeframe of 4 hours. It's used to calculate lowest session VPoC from previous three days. It's also used as a top VPOC for sells.
(VP) Ignore VPOC bottom advice on long {False}: If turned on it ignores bottom VPOC (or top VPOC on sells) when evaluating if a buy entry is worth it.
(VP) Number of bars for VPVR VPOC {100}: Number of bars to calculate the VPVR VPoC. We use 100 as Jaime once used. When the price bounces back to the EMA55 it might just bounce to this VPVR VPoC if its price it's lower than the EMA55 (Sells have inverse algorithm).
____ SETTINGS - ADX Slope
ADX Slope
help us to understand if ADX
has a positive slope, negative slope
or it is rather still.
(ADXSLOPE) ADX cut {23}: If ADX value is greater than this cut (23) then ADX has strength
(ADXSLOPE) ADX minimum steepness entry {45}: ADX slope needs to be 45 degrees to be considered as a positive one.
(ADXSLOPE) ADX minimum steepness exit {45}: ADX slope needs to be -45 degrees to be considered as a negative one.
(ADXSLOPE) ADX steepness periods {3}: In order to avoid false detection the slope is calculated along 3 periods.
____ SETTINGS - Next to EMA55
(NEXTEMA55) EMA10 to EMA55 bounce back percentage {80}: EMA10 might bounce back to EMA55 or maybe to 80% of its complete way to EMA55
(NEXTEMA55) Next to EMA55 percentage {15}: How much next to the EMA55 you need to be to consider it's going to bounce back upwards again.
____ SETTINGS - Stop Loss and Take Profit
You can set a default stop loss or a default take profit.
(STOPTAKE) Stop Loss % {7.0}
(STOPTAKE) Take Profit % {2.0}
____ SETTINGS - Trailing Take Profit
You can customize the default trailing take profit values
(TRAILING) Trailing Take Profit (%) {1.0}: Trailing take profit offset in percentage
(TRAILING) Trailing Take Profit Trigger (%) {2.0}: When 2.0% of benefit is reached then activate the trailing take profit.
____ SETTINGS - MAIN TURN ON/OFF OPTIONS
(EMAS) Ignore advice based on emas {false}.
(EMAS) Ignore advice based on emas (On closing long signal) {False}: Ignore advice based on emas but only when deciding to close a buy entry.
(SQZMOM) Ignore advice based on SQZMOM {false}: Ignores advice based on SQZMOM indicator.
(ADXSLOPE) Ignore advice based on ADX positive slope {false}
(ADXSLOPE) Ignore advice based on ADX cut (23) {true}
(STOPTAKE) Take Profit? {false}: Enables simple Take Profit.
(STOPTAKE) Stop Loss? {True}: Enables simple Stop Loss.
(TRAILING) Enable Trailing Take Profit (%) {True}: Enables Trailing Take Profit.
____ SETTINGS - Strategy mode
(STRAT) Type Strategy: 'Long and Short', 'Long Only' or 'Short Only'. Default: 'Long and Short'.
____ SETTINGS - Risk Management
(RISKM) Risk Management Type: 'Safe', 'Somewhat safe compound' or 'Unsafe compound'. ' Safe ': Calculations are always done with the initial capital (1000) in mind. The maximum losses per trade/day/week/month are taken into account. ' Somewhat safe compound ': Calculations are done with initial capital (1000) or a higher capital if it increases. The maximum losses per trade/day/week/month are taken into account. ' Unsafe compound ': In each order all the current capital is gambled and only the default stop loss per order is taken into account. That means that the maximum losses per trade/day/week/month are not taken into account. Default : 'Somewhat safe compound'.
(RISKM) Maximum loss per trade % {1.0}.
(RISKM) Maximum loss per day % {6.0}.
(RISKM) Maximum loss per week % {8.0}.
(RISKM) Maximum loss per month % {10.0}.
____ SETTINGS - Decimals
(DECIMAL) Maximum number of decimal for contracts {3}: How small (3 decimals means 0.001) an entry position might be in your exchange.
EXTRA 1 - PRICE IS IN RANGE indicator
(PRANGE) Print price is in range {False}: Enable a bottom label that indicates if the price is in range or not.
(PRANGE) Price range periods {5}: How many previous periods are used to calculate the medians
(PRANGE) Price range maximum desviation (%) {0.6} ( > 0 ): Maximum positive desviation for range detection
(PRANGE) Price range minimum desviation (%) {0.6} ( > 0 ): Mininum negative desviation for range detection
EXTRA 2 - SQUEEZE MOMENTUM Desviation indicator
(SQZDIVER) Show degrees {False}: Show degrees of each Squeeze Momentum Divergence lines to the x-axis.
(SQZDIVER) Show desviation labels {False}: Whether to show or not desviation labels for the Squeeze Momentum Divergences.
(SQZDIVER) Show desviation lines {False}: Whether to show or not desviation lines for the Squeeze Momentum Divergences.
EXTRA 3 - VOLUME PROFILE indicator
WARNING: This indicator works not on current bar but on previous bar. So in the worst case it might be VP from 4 hours ago. Don't worry, inside the strategy calculus the correct values are used. It's just that I cannot show the most recent one in the chart.
(VP) Print recent profile {False}: Show Volume Profile indicator
(VP) Avoid label price overlaps {False}: Avoid label prices to overlap on the chart.
EXTRA 4 - ZIGNALY SUPPORT
(ZIG) Zignaly Alert Type {Email}: 'Email', 'Webhook'. ' Email ': Prepare alert_message variable content to be compatible with zignaly expected email content format. ' Webhook ': Prepare alert_message variable content to be compatible with zignaly expected json content format.
EXTRA 5 - DEBUG
(DEBUG) Enable debug on order comments {False}: If set to true it prepares the order message to match the alert_message variable. It makes easier to debug what would have been sent by email or webhook on each of the times an order is triggered.
HOW TO USE THIS STRATEGY
BOT MODE: This is the default setting.
PROPER VOLUME PROFILE VIEWING: Click on this strategy settings. Properties tab. Make sure Recalculate 'each time the order was run' is turned off.
NEWBIE USER: (Check PROPER VOLUME PROFILE VIEWING above!) You might want to turn on the 'Print recent profile {False}' setting. Alternatively you can use my alternate realtime study: 'Resistances and supports based on simplified Volume Profile' but, be aware, it might consume one indicator.
ADVANCED USER 1: Turn on the 'Print price is in range {False}' setting and help us to debug this subindicator. Also help us to figure out how to include this value in the strategy.
ADVANCED USER 2: Turn on the all the (SQZDIVER) settings and help us to figure out how to include this value in the strategy.
ADVANCED USER 3: (Check PROPER VOLUME PROFILE VIEWING above!) Turn on the 'Print recent profile {False}' setting and report any problem with it.
JAIME MERINO: Just use the indicator as it comes by default. It should only show BUY signals, SELL signals and their associated closing signals. From time to time you might want to check 'ADVANCED USER 2' instructions to check that there's actually a divergence. Check also 'ADVANCED USER 1' instructions for your amusement.
EXTRA ADVICE
It's advised that you use this strategy in addition to these two other indicators:
* Squeeze Momentum Indicator
* ADX
so that your chart matches as close as possible to TradingLatino chart.
ZIGNALY INTEGRATION
This strategy supports Zignaly email integration by default. It also supports Zignaly Webhook integration.
ZIGNALY INTEGRATION - Email integration example
What you would write in your alert message:
||{{strategy.order.alert_message}}||key=MYSECRETKEY||
ZIGNALY INTEGRATION - Webhook integration example
What you would write in your alert message:
{ {{strategy.order.alert_message}} , "key" : "MYSECRETKEY" }
CREDITS
I have reused and adapted some code from
'Directional Movement Index + ADX & Keylevel Support' study
which it's from TradingView console user.
I have reused and adapted some code from
'3ema' study
which it's from TradingView hunganhnguyen1193 user.
I have reused and adapted some code from
'Squeeze Momentum Indicator ' study
which it's from TradingView LazyBear user.
I have reused and adapted some code from
'Strategy Tester EMA-SMA-RSI-MACD' study
which it's from TradingView fikira user.
I have reused and adapted some code from
'Support Resistance MTF' study
which it's from TradingView LonesomeTheBlue user.
I have reused and adapted some code from
'TF Segmented Linear Regression' study
which it's from TradingView alexgrover user.
I have reused and adapted some code from
"Poor man's volume profile" study
which it's from TradingView IldarAkhmetgaleev user.
FEEDBACK
Please check the strategy source code for more detailed information
where, among others, I explain all of the substrats
and if they are implemented or not.
Q1. Did I understand wrong any of the Jaime substrats (which I have implemented)?
Q2. The strategy yields quite profit when we should long (EMA10 from 1d timeframe is higher than EMA55 from 1d timeframe.
Why the strategy yields much less profit when we should short (EMA10 from 1d timeframe is lower than EMA55 from 1d timeframe)?
Any idea if you need to do something else rather than just reverse what Jaime does when longing?
FREQUENTLY ASKED QUESTIONS
FAQ1. Why are you giving this strategy for free?
TradingLatino and his fellow enthusiasts taught me this strategy. Now I'm giving back to them.
FAQ2. Seriously! Why are you giving this strategy for free?
I'm confident his strategy might be improved a lot. By keeping it to myself I would avoid other people contributions to improve it.
Now that everyone can contribute this is a win-win.
FAQ3. How can I connect this strategy to my Exchange account?
It seems that you can attach alerts to strategies.
You might want to combine it with a paying account which enable Webhook URLs to work.
I don't know how all of this works right now so I cannot give you advice on it.
You will have to do your own research on this subject. But, be careful. Automating trades, if not done properly,
might end on you automating losses.
FAQ4. I have just found that this strategy by default gives more than 3.97% of 'maximum series of losses'. That's unacceptable according to my risk management policy.
You might want to reduce default stop loss setting from 7% to something like 5% till you are ok with the 'maximum series of losses'.
FAQ5. Where can I learn more about your work on this strategy?
Check the source code. You might find unused strategies. Either because there's not a substantial increases on earnings. Or maybe because they have not been implemented yet.
FAQ6. How much leverage is applied in this strategy?
No leverage.
FAQ7. Any difference with original Jaime Merino strategy?
Most of the times Jaime defines an stop loss at the price entry. That's not the case here. The default stop loss is 7% (but, don't be confused it only means losing 1% of your investment thanks to risk management). There's also a trailing take profit that triggers at 2% profit with a 1% trailing.
FAQ8. Why this strategy return is so small?
The strategy should be improved a lot. And, well, backtesting in this platform is not guaranteed to return theoric results comparable to real-life returns. That's why I'm personally forward testing this strategy to verify it.
MENSAJE EN CASTELLANO
En primer lugar se agradece feedback para mejorar la estrategia.
Si eres un usuario avanzado y quieres colaborar en mejorar el script no dudes en comentar abajo.
Ten en cuenta que aunque toda esta descripción tenga que estar en inglés no es obligatorio que el comentario esté en inglés.
CHISTE - CASTELLANO
¡Pero Jaime!
¡400.000!
¡Tu da mun!
Interquartile rangeThis script plots the Interquartile range (difference between 3rd and 1st quartile), providing useful infos about price distribution and volatility . It is designed to work paired with my other script "Moving percentiles channel", but you can also use it alone.
Features:
- You can compute the percentiles using Linear interpolation or Nearest Rank methods
- You can plot not only the Interquartile range, but also the range (difference between 100th and 0 percentiles) or a User defined range (you have to select which percentiles you want to use from the settings)
- The script also plots a signal line that you can use to obtain signals when the Range line crosses the signal line itself. You can plot the signal line using many different MAs ( SMA , EMA , DEMA , TEMA , WMA , VWMA , HMA , ALMA , LSMA , FRAMA ).
- It also plots an histogram that represents the difference between the Range and the Signal line. It will be green colored when positive, and red colored when negative.
Please show me your support and follow me if you like my scripts. Many more of them are coming in the future.
@ Bezzus
REVEREVE is abbreviation from Range Extension Volume Expansion. This indicator shows these against a background of momentum. The histogram and columns for the range and volume rises ara calculated with the same algorithm as I use in the Volume Range Events indicator, which I published before. Because this algorithm uses the same special function to assess 'normal' levels for volume and range and uses the same calculation for depicting the rises on a scale of zero through 100, it becomes possible to compare volume and range rises in the same chart panel and come to meaningful conclusions. Different from VolumeRangeEvents is that I don't attempt to show direction of the bars and columns by actually pointing up or down. However I did color the bars for range events according to direction if Close jumps more than 20 percent of ATR up or down either blue or red. If the wider range leads to nothing, i.e. a smaller jump than 20 percent, the color is black. You can teak this in the inputs. The volume colums ar colored according to two criteria, resulting in four colors (orange, blue, maroon, green). The first criterium is whether the expansion is climactic (orange, blue) or moderate (maroon, green). I assume that climactic (i.e. more than twice as much) volume marks the beginning or end of a trend. The second criterium looks at the range event that goes together with the volume event. If lots of volume lead to little change in range (blue, green), I assume that this volume originates from institutional traders who are accumulating or distributing. If wild price jumps occur with comparatively little volume (orange, maroon, or even no volume event) I assume that opportunistic are active, some times attributing to more volume.
For the background I use the same colors calculated with the same algorithm as in the Hull Agreement Indicator, which I published before. This way I try to predict trend changes by observation of REVE.
SA Range Rank WMT DAY 1.13.2026 PM SESSIONDAILY — PREPARE / POSITION MODE
Developer Note: Bias & Position Framing
This daily view is preparatory, not executable.
The purpose of the Daily timeframe is to define directional bias, not entries.
It helps frame which side of the market deserves attention and which activity should be ignored.
The goal here is context, not action.
________________________________________
Purpose on Daily
The Daily timeframe is used to:
• Define directional bias for the week
• Prepare position-building zones
• Identify environments where participation is unnecessary or elevated-risk
• Reduce overtrading by narrowing focus
Daily charts answer one question only:
“If I participate this week, which side makes sense?”
________________________________________
What Matters Most (Public View)
SA Range Indicator (RI):
→ Is the market transitioning or trending?
→ Is energy building, releasing, or rotating?
SA ZoneEngine (visual context only):
→ Are daily moves aligned with higher-timeframe structure?
→ Is price operating with or against dominant bias?
These visuals explain environment, not decisions.
________________________________________
How to Interpret Public Daily Posts
• Daily is not timing
• Daily is not execution
• Daily is not a signal
Daily charts prepare the trader mentally and structurally by clarifying:
• what deserves patience
• what deserves caution
• what deserves no attention at all
________________________________________
Messaging Line
“Daily charts prepare the trade — they don’t execute it.”
________________________________________
SEO Intent
daily equity bias, position preparation, market structure analysis
________________________________________
🤝 For Those Who Find Value
If these daily posts help you see the market more clearly:
• Follow, boost, and share my scripts, Ideas, and MINDS posts
• Feel free to message me directly with questions or build requests
• Constructive feedback and collaboration are always welcome
For traders who want to go deeper, optional memberships may include:
• Additional signal access
• Early previews
• Occasional free tools and upgrades
🔗 Membership & Signals
trianchor.gumroad.com
________________________________________
________________________________________
⏱ 15-MIN — PREPARE / POSITION MODE
Developer Note: Setup Formation Phase
The 15-minute timeframe is where setups begin to form, not where they are acted on.
This view exists to separate developing structure from noise.
________________________________________
Purpose on 15-Minute
The 15-minute timeframe is used to:
• Spot trap-prone conditions
• Identify developing structure
• Observe compression, rotation, or early expansion
• Prepare for execution — without acting
This timeframe answers a different question:
“Is something forming — or is this noise?”
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What Matters Most (Public View)
SA Range Indicator (RI):
→ Compression → expansion transitions
→ Energy buildup vs premature release
SA CloudRegimes (visual only):
→ Whether price behavior reflects continuation, pullback, or contraction
→ Whether movement is controlled or impulsive
These visuals describe behavior, not entries.
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How to Interpret Public 15-Minute Posts
• 15m is setup formation
• 15m is environmental awareness
• 15m is not execution
Most errors occur when traders act before structure has finished forming.
This timeframe exists to slow that impulse down.
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Messaging Line
“Preparation happens before the move — not during it.”
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SEO Intent
15 minute futures setup, market preparation, stop hunt behavior
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🤝 For Those Who Find Value
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• Constructive feedback and collaboration are always welcome
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Daily (D) — Swing Bias / “This is the side that has permission”
Goal: Define swing participation: are we in a supported trend or mean-revert risk?
How to use:
• Daily RECLAIM = “permission restored” after a shock move / trend resumption.
• Use it to decide:
Hold adds / reduce hedges / stop fighting direction.
Best use case:
• After earnings/news displacement days
• After large liquidation candles
• After a major gap day
Settings:
• dispMult 1.1–1.5
• reclaimWindow 12–25
• cooldown 6–12
🔵 DAILY — Swing Environment & Risk Framing
1️⃣ Range Indicator (RI)
• Compression → swing expansion likely
• Expansion → continuation or exhaustion
Use:
Tells you whether to expect patience or momentum.
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2️⃣ ZoneEngine (Structure)
• Confirms whether daily swings align with higher bias
• Filters false daily breakouts
Use:
Only trust daily moves that occur inside structure.
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3️⃣ Cloud / Reclaim (Behavior)
• Trend Clouds → continuation environment
• Pullback Clouds → reload or fade zones
• Reclaim shows acceptance back into value
Use:
Distinguishes real pullbacks from traps.
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4️⃣ Stop-Hunt Proxy
• Clears weak swing participants
• Often precedes continuation when aligned
Use:
Stop-hunt + compression + trend cloud = swing continuation context.
