Multi-Symbol Volatility Tracker with Range Detection

8시간 전

Multi-Symbol Volatility Tracker with Range Detection

🎯 Main Purpose:
This indicator is specifically designed for scalpers to quickly identify symbols with high volatility that are currently in ranging conditions. It helps you spot the perfect opportunities for buying at lows and selling at highs repeatedly within the same trading session.

📊 Table Data Explanation:
The indicator displays a comprehensive table with 5 columns for 4 major symbols (GOLD, SILVER, NASDAQ, SP500):

• SYMBOL: The trading instrument being analyzed
  
• VOLATILITY: Color-coded volatility levels (NORMAL/HIGH/EXTREME) based on ATR values
  
• Last Candle %: The percentage range of the most recent 5-minute candle
  
• Last 5 Candle Avg %: Average percentage range over the last 5 candles
  
• RANGE: Shows "YES" (blue) or "NO" (gray) indicating if the symbol is currently ranging
  

🔍 How to Identify Trading Opportunities:
Look for symbols that combine these characteristics:

• RANGE column shows "YES" (highlighted in blue) - This means the symbol is moving sideways, perfect for range trading
  
• VOLATILITY shows "HIGH" or "EXTREME" - Ensures there's enough movement for profitable scalping
  
• Higher candlestick percentages - Indicates larger candle ranges, meaning more profit potential per trade
  

⚡ Optimal Usage:

• Best Timeframe: Works optimally on 5-minute charts where the ranging patterns are most reliable for scalping
  
• Trading Strategy: When you find a symbol with "YES" in the RANGE column, switch to that symbol and look for opportunities to buy near the lows and sell near the highs of the ranging pattern
  
• Risk Management: Higher volatility symbols offer more profit potential but require tighter risk management
  

⚙️ Settings:

• ATR Length: Adjusts the Average True Range calculation period (default: 14)
  
• Range Sensitivity: Fine-tune range detection sensitivity (0.1-2.0, lower = more sensitive)
  

💡 Pro Tips:

• The indicator updates in real-time, so monitor for symbols switching from "NO" to "YES" in the RANGE column
  
• Combine HIGH/EXTREME volatility with RANGE: YES for the most profitable scalping setups
  
• Use the candlestick percentages to gauge potential profit per trade - higher percentages mean more movement
  
• The algorithm uses advanced statistical analysis including standard deviation, linear regression slopes, and range efficiency to accurately detect ranging conditions
  

Perfect for day traders and scalpers who want to quickly identify which symbols offer the best ranging opportunities for consistent buy-low, sell-high strategies.

8시간 전

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Changelog:
- Added USOIL and Russel 2000 symbols.