This script will search for zones where the range between the high and low is lower than avg % nearest rank of last X bars. After X(=30) bars of consolidating range it will signal that the market is in a range and draw the top, bottom and middle of that range. When price breaks the consolidating range the range is cleared, this is where you long/short the...
🎲 Volatility is an important measure to be included in trading plan and strategy. Strategies have varied outcome based on volatility of the instruments in hand. For example, 🚩 Trend following strategies work better on low volatility instruments and reversal patterns work better in high volatility instruments. It is also important for us to understand the...
While coding some filters into another indicator for Long/Short I noticed that ta.nearest.percentile might be the most useful tool in pinescript I've ever encountered. While percentile_nearest can be used for all kind of things I decided to code moving averages from it and made bands for bottom percentage and top percentage. The indicator will calculate the top %...
Hi everyone, I'm sharing a simple script I made for a friend. He was looking for a way to add another asset to his chart, and monitor relevant movements \ spot eventual correlation, especially when trading Cryptocurrencies. We couldn't find a similar script already available so here it is - the code is commented and I hope it's clear enough :) Notes: - The...
I just want to use 1-hour ATR on a 5-min chart, but I don't want to use the security function to get 1-hour ATR. I don't know if there is a similar script but I decided to change a little from the original ATR source code. Just change tr function to n_true_range function: math.max(ta.highest(high,n) - ta.lowest(low,n), math.max(math.abs(ta.highest(high,n)...
Interesting take for a velocity and trend analysis indicator, I call it The TR high/low meter. First it will find the highest high and lowest low based on X bars back. Now comes the twist, instead of storing these lowest or highest prices, we store the TR (true range) into the appropriate array (one array for lowest and one array for highest). Finally, we sum up...
8X Trend ATR SAR Dingue V5 - This is the updated version for Pine Script 5. 8x indicator into 1 : 2x ATR indicator - 3x Trend indicator - 3x SAR indicator Trends are helpful to spot reversal and support resistance, especially on bigger time frames. This indicator gives you a global view of various trends all at once. You can easily turn them On or Off as to...
These tools are used by FOREX traders who primarily follow the DTFL trading strategy, however, they can easily be utilized by any other FOREX trader looking for an all-in-one indicator that includes sessions, previous high/lows, session values, various moving averages and lockable ADR/ATR lines.
With this indicator you can add a table on top of your chart. What's in this table? On which graph you open this table, the indicator data at the selected time of that graph are written. In the image below, you can see the table in the upper right. You can also see two EMAs above the chart in this indicator. You can adjust their length. You can add...
Position Size Calculator / Lot Size Calculator Disclaimer: I do my best to avoid wrong calculations and bugs. I provide this indicator without warranties of any kind. You bear all risks associated with the use of this indicator. Inputs: Market: Adds a name tag to the Table to keep track of the trades. Entry Price: The entry Price of the Position. Entry...
ATR table for select time frames. Using Simple Moving Average (SMA) to get ATR. MA periods is based on numbers suggested by Saeed Khakestar (Trigger Price Action) You can change them in code 5m => 12 15m => 16 1H => 24 4H => 42 1D => 30 1W => 52 RSI is calculated the same way
I always liked the MT4 ADR indicator that was going around but never found a decent port of it in tradingview. I also noticed that the way most people were doing the ADR calculation using SMA was not always accurate and that bothered me so I decided to write one from scratch which gave a very specific ADR calculation. On the MT4 version it would project ADR...
Hello traders, I would like to present you ATR Bands with QQE. This indicator is different than my other indicators I used QQE oscillator as an entry indicator, and atr bands I have used as an exit indicator. You can see 2 set of bands with different multiplicator, first is used as first target profit, stop loss and second as a second target There are two modes...
Simple arrow indicator, indicating the direction go the next slight movement. This indicator will work on any time frame or market. How does this indicator work? It will use Stochastic and Keltner Channels to detect potential reversals depending on the frequency you choose in the indicator's settings. The higher the frequency, the fewer candles will be used in...
This script calculate which values should LOT, SL and TP be to trade the pair selected on TM By default SL and TP are calculated using ATR: timeframe 1H for SL and timeframe 15min for TP.The user can also specify the SL and also the TP, or the amount of pipets to calculate SL or TP. Kind Regrads Miguel Campos
The Basics This indicator should be used on regular candle sticks. It is possible to trigger an alert, when the block flips from red to green bar. Or vice versa. Red block represents a red Heikin Ashi candle. Green block for green Heikin Ashi candle. It can be used as a trailing stoploss for (DCA/ TV) bots, when riding trends. What Makes It Different The...
This script is designed as an ATR-based trailing stop tool to assist in managing open positions. Once you're involved in a profitable trade, if you add this script to your chart you'll be prompted to select a bar to begin trailing from. You can then adjust the candle lookback distance for swing high/lows (7 by default), the ATR multiplier (1.0 by default), and...
Hello traders, I would like to present you ATR Bands with vortex indicator. This indicator is different than my others I used not that known vortex indicator as a entry indicator, and atr bands I have used as a exit indicator. You can see 2 set of bands with different multiplicator, first is used as first target profit, stop loss and second as a second...