This indicator tracks the 3 day trading bots and measures the high and the low (%). Usually a trend can change or continue every 3 days. When volatility decreases and both values are the same gator is going to open its jaws so it's a good time to open a position long. Avoid shorts during low volatility. On the other hand when volatility increases, and gator has...
Bollinger Bands are the result of the assumption that closing prices will follow a normal distribution. However, when I actually calculated the probability, the closing price does not follow a normal distribution. According to the normal distribution, the probability that Z > 2 should be 2.2%, but on the chart, the probability is 6~9%. Can we get a useful...
Shows the delta between current price and the upper/lower Bollinger bands
Dynamic ADX by The Pine Guru What is the Dynamic ADX? The Dynamic ADX is an indicator created using the regular ADX, Line, and additional ADX Moving Average. This MA allows the script to calculate the ADX differently to the original ADX, providing greater input and accessibility to the user. As the ADX is a volatility indicator, it is communicates to trend...
Props to @Veryfid for his original script 'ATR Stop Loss Finder'. The concept is simple. We use the average true range to determine an appropriate stop loss distance based on recent volatility. The original script calculated the stop loss offset from the current candle's high or low. Here, I've added the option to offset stop loss from the recent local low or...
Two lines of coefficient of variation 365 and 12 bars helps to see slow and fast wave components of current chart. Forecasting extension.
This is an extension of the original 'Bitcoin Bubble' indicator I previously made, but shows the necessary price required to reach a range of bitcoin's bubble level in the short term. I recommend using this metric with a daily timeframe to have an adequate amount of data.
The basics: In its simplest form, this strategy is a positional trend following strategy which enters long when price breaks out above "middle" EMA bands and closes or flips short when price breaks down below "middle" EMA bands. The top and bottom of the middle EMA bands are calculated from the EMA of candle highs and lows, respectively. The idea is that...
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...
█ OVERVIEW This indicator serves to measure the volatility of the price in relation to the average. It serves four purposes: 1. Identify abnormal prices, extremely stretched in relation to an average; 2. Identify acceptable prices in the context of the main trend; 3. Identify market crashes; 4. Identify divergences. █ CONCEPTS The LS Volatility Index ...
ATR at the daily and intraday prompt lines, it is recommended to trade within 50%, and if it exceeds 50%, there is a risk of chasing high. At the minute level,Day-level ATR grid line is displayed.
It is used to display the k-line status of heikin nash in the main image, without frequently switching the k-line display mode, and does not take up screen space.
CCI Supertrend + This simple scripts base on CCI level to plot "Supertrend". + When CCI move above level 0, SuperTrend lowerBand is plotted. + When CCI move below level 0, SuperTrend upperBand is plotted.
In many strategies, it's quite common to use a scaled ATR to help define a stop-loss, and it's not uncommon to use it for take-profit targets as well. While it's possible to use the built-in ATR indicator and manually calculate the offset value, we felt this wasn't particularly intuitive or efficient, and could lead to the potential for miscalculations. And...
The Supertrend is one of the most used indicators by traders when it comes to determining whether the market is up-trending or down-trending. This indicator is displayed as a trailing stop, showing a lower monotonic extremity during up-trends and an upper monotonic extremity during down-trends. Today we propose a channel indicator based on the Supertrend trailing...
With the usage of ATR, applied on the close of the daily candle, I am calculated the volatility channels for the TOP and BOTTOM Based on this logic, we can estimate, with a huge confidence factor, where the prices are going to be compressed for the trading day. Having said that, lets take a look at the data gathered among the most important financial...
That indicator helps us to determine the stop loss levels or prices in terms of atr levels. It includes 4 (four) options which are 1-Don't Risk, 2-Low Risk, 3-High Risk, 4-Risk Lover their exploding rates are 1-2.4% , 2-3.9% , 3-6.7% , 4-16.7% in sort. It helps us to produce new methods to decreace our risk/reward ratio. It is ATR Trailing StopLoss indicator. The...
This is a technical analysis study based on the most fit leading indicators for short timeframes like EMA and SMA. At the same time we have daily channel made from the last 2 weeks of ATR values, which will give us the daily top and bottom expected values(with 80%+ confidence) We have 3 groups of lengths for short length, medium length and a bigger length. At...