This envelop calculated by pips. So you can use this on only forex charts.
this is a multi time frame envelop indicator. You can use it on multiple time frames to show the trend from a different time frame perspective
Introduction I have been asked by @Coppermine and @Verbena to make bands that use volume to provide adaptive results. My first approach was to use exponential averaging, in order to do so i needed to quantify volume movement using rescaling with the objective to make the bands go away from each others when there is low volume, this approach is efficient and can...
This is an experimental strategy designed to identify breakouts on 4h to 3d timeframes. Use at your own risk, it's still only a proof of concept based off the built-in Envelope indicator. Heikin Ashi smoothing is built in.
This screener depicts chart break out from Envlope indicator
This screener depicts chart break out from Envlope indicator
A channel that contains approximately 95% of all price data for the past 100 bars, about five months on a daily chart. It automatically plots correct channels for any trading vehicle in any timeframe.
A channel that contains approximately 95% of all price data for the past 100 bars, about five months on a daily chart. It automatically plots correct channels for any trading vehicle in any timeframe.
Reference: Transcription of script taken from TC2000 - forums.worden.com Please let me know if you want me to change the script in anyway, or add new features
Search indicators for "clouded" to find this one, and add to your chart. Takes lowest(min) and highest(max) of several bars, averages that over several bars, shifts by half of the middle of those two bar numbers, and colors the inbetween by candle color. You can choose 3 parameters. Please give feedback, or donation. Thanks.
EXPERIMENTAL: Envelope range weighed by rsi and atr.
Description: High and Low Envelope channel with median line and 'sigma' offsets to try and encapsulate price flow and quickly locate likely areas of support and resistance on the fly.
RSI Donchian Channels Built by Ricardo and JR Here is a great indicator to use for strong trends. Donchian Channels react immediately to changes in the highest high and lowest low. For strong trends you want to trade when RSI is set along the upper or lower DC-RSI envelope. When the RSI releases from the DC-RSI envelope, you can take the trade off.
*** *** Bollinger Bands (BB) usually expand quickly after a volatility increase but contract more slowly as volatility declines. This extended time it takes for BB to contract after a volatility drop can make trading some instruments using BB alone difficult or less profitable. In the October 1998 issue of "Futures" there is an article written by Dennis...