지금 시작

하이-로우 인덱스

Volume Index (0-100)Volume Index (0-100) Indicator The Volume Index (0-100) indicator is a powerful tool designed to help traders understand current volume levels in relation to past activity over a specified period. By normalizing volume data to a scale from 0 to 100, this indicator makes it easy to compare today's volume against recent history and gauge the strength of market movements. Key Features: Normalized Volume Index: The indicator indexes volume between 0 and 100, allowing traders to easily determine if the current volume is unusually high or low compared to recent trends. Colored Visualization: The line graph is colored green for positive volume (increasing activity) and red for negative volume (decreasing activity). This helps traders quickly grasp the market sentiment and volume direction. User-Defined Lookback Period: Traders can customize the lookback period to best fit their trading strategy, providing flexibility for different market conditions. How Traders Can Use It: Identifying Volume Extremes: The Volume Index helps identify periods of unusually high or low volume. Values approaching 100 indicate high volume, while values close to 0 indicate low volume. Confirmation Tool: During price movements, high volume (near 100) can act as a confirmation signal for the strength of the trend. For instance, a high volume during an uptrend may indicate strong buying interest. Divergence Analysis: Traders can look for divergences between volume and price. For example, if the price is consolidating while the Volume Index remains high, it could signal an impending breakout. Volume Alerts: The indicator includes an alert feature when the Volume Index exceeds 80, helping traders stay informed about potential shifts in market volatility.
Pine Script® 인디케이터
kemalcox의
AlgoMaxx Prev OHLCThe AlgoMaxx Prev OHLC indicator provides a clear visualization of the previous day's Open, High, Low, and Close (OHLC) levels. These levels are crucial for understanding market structure, identifying support and resistance zones, and making informed trading decisions. The indicator is fully customizable and dynamically updates to ensure accuracy and clarity. Key Features: Prev. Day High/Low and Open/Close Levels: Plots previous day's High/Low and Open/Close levels. Toggle each level (lines and labels) on/off independently. Customizable Lines and Labels: Adjust line colors, styles (Solid, Dashed, Dotted), and widths. Enable or disable labels for each level with customizable label colors. Dynamic Updates: Automatically updates levels daily. Deletes old lines and labels to maintain a clean chart. Efficient and Intuitive: Designed to integrate seamlessly into any trading strategy with user-friendly customization options. Indicator Logic: Previous Day Levels Calculation: The indicator uses Pine Script’s request.security function to fetch the previous day’s OHLC data from the daily timeframe ('D'). Dynamic Line and Label Management: Persistent variables (var) store line and label references. Old lines and labels are deleted and recreated at the start of each new day, ensuring a clutter-free chart. Customizable Line Styles and Colors: A mapping function (f_map_line_style) dynamically assigns line styles based on user input (Solid, Dashed, Dotted). Separate inputs allow users to define distinct colors and styles for each level. Independent Toggles: Separate ON/OFF controls for High/Low and Open/Close lines and labels for maximum flexibility. Clean Design: The script ensures all plotted elements are dynamically adjusted to keep the chart clean and focused on actionable data. How to Use: Add the indicator to your chart. Customize levels, colors, and styles via the "Inputs" and "Style" settings. Analyze the plotted levels to identify key price zones for potential support, resistance, or breakout areas.
Pine Script® 인디케이터
algomaxx-pro의
NSDT Custom High and Low LinesFirst, the credit for the original script to plot a High and Low between a certain time goes to developer paaax. I took that idea, converted it to Pinescript V5, cleaned up the code, and added a few more lines so you can plot different levels based on time of day. Published open source like the original. The example shown has: Blue - plotting from the start of the Futures Asian session to the start of the Futures USA Session. (6:00PM - 9:30AM Eastern) Yellow - plotting from the start of the Futures Europe session to the start of the Futures USA Session. (3:00AM - 9:30AM Eastern) Green - plotting from the start of the Futures US Premarket session to the start of the Futures USA Session. (8:00AM - 9:30AM Eastern) These are great levels to use for breakouts and/or support and resistance. Combine these levels with the 5 min Open Range levels, as you have some good trades. Each of the three sessions have individual start and end times that can be modified by the trader, so you can easily mark off important areas for your style of trading.
Pine Script® 인디케이터
NorthStarDayTrading의
1
Advanced Supply and Demand Indicator# Advanced Supply and Demand Indicator This Pine Script™ indicator helps traders identify potential supply and demand zones in financial markets. It uses price action, volume, and historical data to plot these zones on your chart, providing valuable insights for trading decisions. ## Key Features: - Automatically detects and plots supply and demand zones - Customizable lookback period for zone identification - Adjustable strength multiplier for more precise zone detection - User-defined opacity for visual clarity - Combines price action and volume analysis for improved accuracy ## How It Works: 1. Identifies significant price levels using a specified lookback period 2. Analyzes volume data to confirm potential supply and demand zones 3. Plots supply zones in red and demand zones in green 4. Displays the current price for easy reference ## Customization Options: - Lookback Period: Adjust the historical data range (1-100 bars) - Zone Strength Multiplier: Fine-tune the sensitivity of zone detection (1.0-3.0) - Zone Opacity: Set the transparency of plotted zones (10-100%) This indicator is designed to help traders identify potential areas of support and resistance, allowing for more informed entry and exit decisions in their trading strategies.
Pine Script® 인디케이터
CR-JE의
Triple VWAP# Triple VWAP Indicator ## Description The Triple VWAP Indicator is a powerful tool for traders who rely on Volume Weighted Average Price (VWAP) in their analysis. This indicator displays three VWAP lines on a single chart, each representing a different time frame: Session, Weekly, and Monthly. ## Features - Session VWAP (Blue Line): Resets daily, providing intraday volume-weighted average price. - Weekly VWAP (Green Line): Resets weekly, offering a medium-term perspective. - Monthly VWAP (Red Line): Resets monthly, giving a longer-term view of price action relative to volume. ## How It Works The indicator calculates the VWAP for each time frame separately, using the specified price source (default is HLC3). It then plots these values on your chart, allowing you to see how the current price compares to the volume-weighted average across different time periods. ## Use Cases - Multi-timeframe Analysis: Compare short-term price movements against longer-term trends. - Support and Resistance: VWAP lines often act as dynamic support/resistance levels. - Mean Reversion: Identify potential overbought or oversold conditions when price deviates significantly from VWAP. - Trend Confirmation: Use multiple VWAP lines to confirm trend strength and potential reversals. ## Customization Users can customize the indicator by changing the price source and offset in the settings. The color and thickness of each VWAP line can also be adjusted in the code for personal preference. ## Note This indicator is most effective on intraday charts but can provide valuable insights on any time frame. Remember that VWAP is typically most relevant for institutional traders on a session-by-session basis. Enhance your trading strategy with the Triple VWAP Indicator – a versatile tool for comprehensive price-volume analysis across multiple time frames.
Pine Script® 인디케이터
khltabriz55의
CUSTOM SESSION PublicThis Pine Script code creates a custom indicator that allows users to visualize different trading sessions (New York, London, Tokyo, Sydney) on a chart and customize various features such as line style, color, label text, and more. Here are the key user-end features: Session Visualization: Users can choose to display session ranges for New York, London, Tokyo, and Sydney trading sessions. Each session can be highlighted with customizable colors for the label, background, and border. Line styles for session outlines (solid, dashed, dotted) are adjustable. Custom Session Time: Users can input custom time ranges for each session and control the display of the range on the chart. Label Customization: The label for each session (e.g., “New York”, “London”) can be customized with specific text and color. Users can toggle the visibility of these labels. Range Highlighting: Each session can display the high and low price ranges, with an option to control the transparency of the highlighted area. Users can choose to outline the range with customizable styles. Timezone Adjustment: Users can adjust the timezone to their preference or use the exchange’s default timezone for accurate session mapping. Daily and Weekly High/Low Lines: The indicator plots the previous day's and previous week's high and low points. These lines are customizable with different colors and styles. Users can enable or disable shorthand text for these labels (e.g., “Prev DH” for Previous Day High). Global Customization Options: Users can enable global coloring to apply one color across all elements. Global text shorthand is available to abbreviate labels throughout the chart. Overall, the script provides extensive customization options for traders to visually manage multiple sessions and key price levels on their charts.
Pine Script® 인디케이터
WaliButt01의
[MAD] Fibonacci Bands with SmoothingHi, this is just an easy script, nothing special, it was a request from a community member and was finished in just 40 minutes :D This indicator offers a approach to tracking market price movements by utilizing Fibonacci-based levels combined with customizable smoothing options for both the bands and the high/low values. Key Features: Customizable Moving Averages: Choose from a variety of smoothing methods, including SMA, EMA, WMA, HMA, VWMA, and advanced Ehlers-based methods. This allows for flexible adaptation to different assets. Multiple Fibonacci Band Multipliers: The user can define six different multipliers for both the upper and lower Fibonacci bands, allowing for granular customization of the indicator. The middle line serves as the central reference, and the multipliers extend the bands outward based on price range dynamics. High/Low Smoothing: In addition to smoothing the Fibonacci bands, users can apply smoothing to the high and low prices that form the basis for calculating the Fibonacci bands. This ensures that the indicator responds smoothly to market movements, reducing noise while capturing key trends. Forward Shift Option: Allows for projecting the bands into the future by shifting the calculated levels forward by a user-specified number of periods. This feature is particularly useful for those interested in anticipating price actions and future trends. Visual Enhancements: The indicator features filled regions between bands to clearly visualize the zones of price movement. The fills between the bands offer insight into potential support and resistance zones, based on price levels defined by the Fibonacci ratios. How It Works: The indicator uses the highest and lowest closing prices over a specified lookback period to establish a price range. Based on this range, it calculates the middle line (0.5 level) and applies user-defined Fibonacci multipliers to generate both upper and lower bands. Users have control over the smoothing method for both the high/low prices and the bands themselves, allowing for an adaptive experience that can be tailored to different timeframes or market conditions. For visualization, areas between the upper and lower bands are filled with distinct colors, providing an intuitive view of the potential price zones where the market might react or consolidate. These fills highlight the zones created by the Fibonacci bands, helping users identify critical market levels with ease. have fun p.s.: @frankchef hope that suits your needs & expectations ;-)
Pine Script® 인디케이터
djmad의
Sessions Full Markets [TradingFinder] Forex Stocks Index 7 Time🔵 Introduction In global financial markets, particularly in FOREX and stocks, precise timing of trading sessions plays a crucial role in the success of traders. Each trading session—Asian, European, and American—has its own unique characteristics in terms of volatility and trading volume. The Asian session (Tokyo), Sydney session, Shanghai session, European session (London and Frankfurt), and American session (New York AM and New York PM) are examples of these trading sessions, each of which opens and closes at specific times. This session indicator also includes a Time Convertor, enabling users to view FOREX market hours based on GMT, UTC, EST, and local time. Another valuable feature of this indicator is the automatic detection of Daylight Saving Time (DST), which automatically applies time changes for the New York, London, and Sydney sessions. 🔵 How to Use The indicator also displays session times based on the exact opening and closing times for each geographic region. Users can utilize this indicator to view trading hours either locally or in UTC time, and if needed, set their own custom trading times. Additionally, the session information table includes the start and end times of each session and whether they are open or closed. This functionality helps traders make better trading decisions by using accurate and precise time data. Key Features of the Session Indicator The session indicator is a versatile and advanced tool that provides several unique features for traders. Some of these features are : • Automatic Daylight Saving Time (DST) Detection : This indicator dynamically detects Daylight Saving Time (DST) changes for various trading sessions, including New York, London, and Sydney, without requiring manual adjustments. This feature allows traders to manage their trades without worrying about time changes. Below are the start and end dates for DST in the New York, London, and Sydney trading sessions : 1. New York : Start of DST: Second Sunday of March, at 2:00 AM. End of DST: First Sunday of November, at 2:00 AM 2. London : Start of DST: Last Sunday of March, at 1:00 AM. End of DST: Last Sunday of October, at 2:00 AM. 3. Sydney : Start of DST: First Sunday of October, at 2:00 AM. End of DST: First Sunday of April, at 3:00 AM. • Session Display Based on Different Time Zones : The session indicator allows users to view trading times based on different time zones, such as UTC, the local time of each market, or the user’s local time. This feature is especially useful for traders operating in diverse geographic regions. • Custom Trading Time Setup : Another notable feature of this indicator is the ability to set custom trading times. Traders can adjust their own trading times according to their personal strategies and benefit from this flexibility. • Session Information Table : The session indicator provides a complete information table that includes the exact start and end times of each trading session and whether they are open or closed. This table helps users simultaneously and accurately monitor the status of all trading sessions and make better trading decisions. 🟣 Session Trading Hours Based on Market Mode and Time Zones The session indicator provides precise information on the start and end times of trading sessions. These times are adjusted based on different market modes (FOREX, stocks, and TFlab suggestions) and time zones (UTC and local time) : 🟣 (FOREX Session Time) Forex Market Mode • Sessions in UTC (DST inactive) : Sydney: 22:00 - 06:00 Tokyo: 23:00 - 07:00 Shanghai: 01:00 - 09:00 Asia: 22:00 - 07:00 Europe: 07:00 - 16:00 London: 08:00 - 16:00 New York: 13:00 - 21:00 • Sessions in UTC (DST active) : Sydney: 21:00 - 05:00 Tokyo: 23:00 - 07:00 Shanghai: 01:00 - 09:00 Asia: 21:00 - 07:00 Europe: 06:00 - 15:00 London: 07:00 - 15:00 New York: 12:00 - 20:00 • Sessions in Local Time : Sydney: 08:00 - 16:00 Tokyo: 08:00 - 16:00 Shanghai: 09:00 - 17:00 Asia: 22:00 - 07:00 Europe: 07:00 - 16:00 London: 08:00 - 16:00 New York: 08:00 - 16:00 🟣 Stock Market Trading Hours (Stock Market Mode) • Sessions in UTC (DST inactive) : Sydney: 00:00 - 06:00 Asia: 00:00 - 06:00 Europe: 07:00 - 16:30 London: 08:00 - 16:30 New York: 14:30 - 21:00 Tokyo: 00:00 - 06:00 Shanghai: 01:30 - 07:00 • Sessions in UTC (DST active) : Sydney: 23:00 - 05:00 Asia: 23:00 - 06:00 Europe: 06:00 - 15:30 London: 07:00 - 15:30 New York: 13:30 - 20:00 Tokyo: 00:00 - 06:00 Shanghai: 01:30 - 07:00 • Sessions in Local Time: Sydney: 10:00 - 16:00 Tokyo: 09:00 - 15:00 Shanghai: 09:30 - 15:00 Asia: 00:00 - 06:00 Europe: 07:00 - 16:30 London: 08:00 - 16:30 New York: 09:30 - 16:00 🟣 TFlab Suggestion Mode • Sessions in UTC (DST inactive) : Sydney: 23:00 - 05:00 Tokyo: 00:00 - 06:00 Shanghai: 01:00 - 09:00 Asia: 23:00 - 06:00 Europe: 07:00 - 16:00 London: 08:00 - 16:00 New York: 13:00 - 21:00 • Sessions in UTC (DST active) : Sydney: 22:00 - 04:00 Tokyo: 00:00 - 06:00 Shanghai: 01:00 - 09:00 Asia: 22:00 - 06:00 Europe: 06:00 - 15:00 London: 07:00 - 15:00 New York: 12:00 - 20:00 • Sessions in Local Time : Sydney: 09:00 - 16:00 Tokyo: 09:00 - 15:00 Shanghai: 09:00 - 17:00 Asia: 23:00 - 06:00 Europe: 07:00 - 16:00 London: 08:00 - 16:00 New York: 08:00 - 16:00 🔵 Setting Using the session indicator is straightforward and practical. Users can add this indicator to their trading chart and take advantage of its features. The usage steps are as follows : Selecting Market Mode : The user can choose one of the three main modes. Forex Market Mode: Displays the forex market trading hours. oStock Market Mode: Displays the trading hours of stock exchanges. Custom Mode: Allows the user to set trading hours based on their needs. TFlab Suggestion Mode: Displays the higher volume hours of the forex market in Asia. Setting the Time Zone : The indicator allows displaying sessions based on various time zones. The user can select one of the following options: UTC (Coordinated Universal Time) Local Time of the Session User’s Local Time Displaying Comprehensive Session Information : The session information table includes the opening and closing times of each session and whether they are open or closed. This table helps users monitor all sessions at a glance and precisely set the best time for entering and exiting trades. 🔵Conclusion The session indicator is a highly efficient and essential tool for active traders in the FOREX and stock markets. With its unique features, such as automatic DST detection and the ability to display sessions based on different time zones, the session indicator helps traders to precisely and efficiently adjust their trading activities. This indicator not only shows users the exact opening and closing times of sessions, but by providing a session status table, it helps traders identify the best times to enter and exit trades. Moreover, the ability to set custom trading times allows traders to easily personalize their trading schedules according to their strategies. In conclusion, using the session indicator ensures that traders are continuously and accurately informed of time changes and the opening and closing hours of markets, eliminating the need for manual updates to align with DST changes. These features enable traders to optimize their trading strategies with greater confidence and up-to-date information, allowing them to capitalize on opportunities in the market.
Pine Script® 인디케이터
TFlab의
6
Entry Weight Indicator(Dual Labels)이 지표는 트레이더가 동적으로 진입 비중을 결정할 수 있도록 도와주는 도구입니다. 이전 캔들의 종가를 기준으로 두 가지 다른 진입 비중을 계산하여 표시합니다. 주요 특징: 1. 두 가지 진입 비중 계산: - 저점 기준 (EW Long): 이전 캔들 종가와 룩백 기간 내 최저가 사이의 거리를 기준으로 계산 - 고점 기준 (EW Short): 이전 캔들 종가와 룩백 기간 내 최고가 사이의 거리를 기준으로 계산 2. 시각적 표시: - 초록색 라벨 (EW Long): 캔들 위에 표시 - 빨간색 라벨 (EW Short): 캔들 아래에 표시 - 룩백 기간 내 최고가와 최저가를 녹색과 빨간색 선으로 표시 3. 사용자 정의 파라미터: - 원하는 손실 비율 (Desired Loss Percentage) - 레버리지 (Leverage) - 룩백 기간 (Lookback Period) 4. 추가 정보 표시: - 차트 우측 상단에 이전 종가, 최고가, 최저가, 손실 비율 등의 정보를 표시 사용 방법: 1. 원하는 손실 비율, 레버리지, 룩백 기간을 설정합니다. 2. 차트에 표시되는 라벨을 통해 각 캔들에 대한 두 가지 진입 비중을 확인합니다. 3. EW Long (초록색)은 Long 진입 시 비중을, EW Short (빨간색)는 Short 진입 시 비중을 나타냅니다. 주의: 이 지표는 투자 시 직접적인 성과를 가져다주는 지표가 아니며, 실제 거래 결정 시에는 다른 분석 도구와 함께 사용하는 것이 좋습니다. This indicator is a tool that helps traders dynamically determine their entry weight. It calculates and displays two different entry weights based on the closing price of the previous candle. Key features: 1. Calculation of two entry weights: - Low-based (EW Long): Calculated based on the distance between the previous candle's close and the lowest price within the lookback period - High-based (EW Short): Calculated based on the distance between the previous candle's close and the highest price within the lookback period 2. Visual display: - Green label (EW Long): Displayed above the candle - Red label (EW Short): Displayed below the candle - Highest and lowest prices within the lookback period are shown as green and red lines 3. User-defined parameters: - Desired Loss Percentage - Leverage - Lookback Period 4. Additional information display: - Information such as previous close, highest price, lowest price, and loss percentage is displayed in the upper right corner of the chart How to use: 1. Set the desired loss percentage, leverage, and lookback period. 2. Check the two entry weights for each candle through the labels displayed on the chart. 3. EW Long (green) represents the entry weight for long positions, while EW Short (red) represents the entry weight for short positions. Caution: This indicator does not directly lead to investment performance. When making actual trading decisions, it is advisable to use it in conjunction with other analytical tools.
Pine Script® 인디케이터
CH_WINNER의
Last Candle OHLC (Ticks or Points)What the Code Does 1. **Draws Lines and Labels**: - It draws lines on your chart to show the high, low, open, and close prices from the previous period (like the previous day or week). - It also labels these lines with numbers that tell you how far the current price is from these levels. 2. **Shows Price Movement**: - You can see how far the price has moved from these levels in terms of small price changes (ticks) or larger units (points). - This helps you understand price movements and potential levels of support or resistance. 3. **Customizable**: - You can choose whether to show these lines and labels, and you can select if you want to see the movement in ticks or points. - The lines can extend into the future on your chart to help you anticipate where prices might be in the coming days. ### How It’s Useful: 1. **Identify Key Levels**: - It helps you spot important price levels from past periods, which can act as support or resistance. 2. **Understand Price Movement**: - You get a visual sense of how much the price has moved from key levels, which can help you gauge market volatility. 3. **Plan Trades**: - By seeing where the price has been and how it has moved, you can better plan your trades, like deciding where to enter or exit based on these levels. 4. **Flexible for Different Markets**: - It works across various markets, like stocks, futures, and forex, adjusting to the specific characteristics of each instrument. In short, this tool helps you visualize and understand past price movements and levels on your chart, aiding in your trading decisions.
Pine Script® 인디케이터
teebala786의
1
Bloodbath IndicatorThis indicator identifies days where the number of new 52-week lows for all issues exceeds a user-defined threshold (default 4%), potentially signaling a market downturn. The background of the chart turns red on such days, providing a visual alert to traders following the "Bloodbath Sidestepping" strategy. Based on: "THE RIPPLE EFFECT OF DAILY NEW LOWS," By Ralph Vince and Larry Williams, 2024 Charles H. Dow Award Winner threshold: Percentage of issues making new 52-week lows to trigger the indicator (default: 4.0). Usage: The chart background will turn red on days exceeding the threshold of new 52-week lows. Limitations: This indicator relies on historical data and doesn't guarantee future performance. It focuses solely on new 52-week lows and may miss other market signals. The strategy may generate false positives and requires further analysis before trading decisions. Disclaimer: This script is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.
Pine Script® 인디케이터
Tr33man의
2
Previous Day High Low Close By Anil ChawraHow Users Can Make Profit Using This Script: 1. Calculate the difference between the previous day's high and low prices to determine the price range. 2. Identify if today's close price is significantly higher or lower than the previous day's close price. 3. If today's close price is at least 10 points higher than the previous close, consider a potential buy signal. 4. If today's close price is at least 10 points lower than the previous close, consider a potential sell signal. 5. These signals indicate potential profit opportunities based on significant price movements. 6. Users should verify market conditions and perform additional analysis before executing trades. 7. Monitoring price action and volume can help confirm the validity of these signals. 8. Implementing stop-loss orders can help mitigate risks associated with trading based on price movements. 9. Regularly reviewing and adjusting trading strategies based on market conditions is essential for long-term success. 10. Exercise caution and discipline when trading, and consider seeking advice from financial professionals if needed. How the Script Works: 1. The strategy analyzes the high, low, and close prices of the previous trading day. 2. It calculates the range of prices by subtracting the low from the high. 3. The close price of the current trading day is compared to the previous day's close. 4. If today's close is significantly higher than yesterday's close, it could indicate bullish sentiment. 5. Conversely, if today's close is significantly lower, it could suggest bearish sentiment. 6. A threshold, typically 10 points, is set to identify significant price movements. 7. If today's close is at least 10 points higher, it triggers a potential buy signal. 8. If it's at least 10 points lower, it triggers a potential sell signal. 9. Users can act on these signals to enter or exit trades for potential profit. 10. Regular monitoring, risk management, and market analysis are essential for effective implementation of this strategy.
Pine Script® 인디케이터
anilchawra011의
2
Stock WatchOverview Watch list are very common in trading, but most of them simply provide the means of tracking a list of symbols and their current price. Then, you click through the list and perform some additional analysis individually from a chart setup. What this indicator is designed to do is provide a watch list that employs a high/low price range analysis in a table view across multiple time ranges for a much faster analysis of the symbols you are watching. Discussion The concept of this Stock Watch indicator is best understood when you think in terms of a 52 Week Range indication on many financial web sites. Taken a given symbol, what is the high and the low over a 52 week range and then determine where current price is within that range from a percentage perspective between 0% and 100%. With this concept in mind, let's see how this Stock Watch indicator is meant to benefit. There are four different H/L ranges relative to the chart's setting and a Scope property. Let's use a three month (3M) chart as our example and set the indicator's Scope = 4. A 3M chart provides three months of data in a single candle, now when we set the Scope = 4 we are stating that 1X is going to look over four candles for the high/low range. The Scope property is used to determine how many candles it is to scan to determine the high/low range for the corresponding 1X, 3X, 5X and 10X periods. This is how different time ranges are put into perspective. Using a 3M chart with Scope = 4 would represent the following time windows: - 1X = 3M * 4 is a 12 Months or 1 Year High/Low Range - 3X = 3M * 4 * 3 is a 36 Months or 3 Years High/Low Range - 5X = 3M * 4 * 5 is a 60 Months or 5 Years High/Low Range - 10X = 3M * 4 * 10 is a 120 Months or 10 Years High/Low Range. With these calculations, the indicator then determines where current price is within each of these High/Low ranges from a percentage perspective between 0% and 100%. Once the 0% to 100% value is calculated, it then will shade the value according to a color gradient from red to green (or any other two colors you set the indictor to). This color shading really helps to interpret current price quickly. The greater power to this range and color shading comes when you are able to see where price is according to price history across the multiple time windows. In this example, there is quick analysis across 1 Year, 3 Year, 5 Year and 10 Year windows. Now let's further improve this quick analysis over 15 different stocks for which the indicator allows you to watch up to at any one time. For value traders this is huge, because we're always looking for the bargains and we wait for price to be in the value range. Using this indicator helps to instantly see if price has entered a value range before we decide to do further analysis with other charting and fundamental tools. The Code The heart of all this is really very simple as you can see in the following code snippet. We're simply looking for the highest high and lowest low across the different scopes and calculating the percentage of the range where current price is for each symbol being watched. scope = baseScope watch1X = math.round(((watchClose - ta.lowest(watchLow, scope)) / (ta.highest(watchHigh, scope) - ta.lowest(watchLow, scope))) * 100, 0) table.cell(tblWatch, columnId, 2, str.format("{0, number, #}%", watch1X), text_size = size.small, text_color = colorText, bgcolor = getBackColor(watch1X)) //3X Lookback scope := baseScope * 3 watch3X = math.round(((watchClose - ta.lowest(watchLow, scope)) / (ta.highest(watchHigh, scope) - ta.lowest(watchLow, scope))) * 100, 0) table.cell(tblWatch, columnId, 3, str.format("{0, number, #}%", watch3X), text_size = size.small, text_color = colorText, bgcolor = getBackColor(watch3X)) Conclusion The example I've laid out here are for large time windows, because I'm a long term investor. However, keep in mind that this can work on any chart setting, you just need to remember that your chart's time period and scope work together to determine what 1X, 3X, 5X and 10X represent. Let me try and give you one last scenario on this. Consider your chart is set for a 60 minute chart, meaning each candle represents 60 minutes of time and you set the Stock Watch indicator to a scope = 4. These settings would now represent the following and you would be watching up to 15 different stocks across these windows at one time. 1X = 60 minutes * 4 is 240 minutes or 4 hours of time. 3X = 60 minutes * 4 * 3 = 720 minutes or 12 hours of time. 5X = 60 minutes * 4 * 5 = 1200 minutes or 20 hours of time. 10X = 60 minutes * 4 * 10 = 2400 minutes or 40 hours of time. I hope you find value in my contribution to the cause of trading, and if you have any comments or critiques, I would love to here from you in the comments.
Pine Script® 인디케이터
RMCapital668의
Hi-Lo-GaugesIntroducing the 'Hi-Lo-Gauges' indicator, a powerful tool designed to provide a comprehensive visual representation of key price metrics. This indicator leverages up to 8 preset gauges, each catering to a specific aspect of market data: All-time high and low Current 52 Weeks high and low Current Annual High and Low Current Semi-Annual High and Low Current Quarterly High and Low Current Monthly High and Low Current Weekly High and Low Current Daily High and Low Users have the flexibility to choose all 8 or selectively display specific gauges. For each metric, the gauge dynamically adapts, with the low value set as the minimum and the high value as the maximum. Measurement options include utilizing the highest and lowest closes or the literal highest and lowest prices. The active price of the underlying asset serves as the reference point, allowing users to gauge the percentage move on the scale between the chosen minimum and maximum. Complete customization is at the users' fingertips, enabling them to tailor the indicator's appearance to suit their preferences. With 'Hi-Lo-Gauges,' traders and analysts can intuitively monitor and interpret diverse price metrics, fostering a deeper understanding of market dynamics and supporting more informed decision-making. Note: 'Hi-Lo-Gauges' is visible and applicable exclusively on the daily timeframe due to the nature of the metrics used.
Pine Script® 인디케이터
faiyaz7283의
9
Previous Day High and Low + Separators Daily/WeeklyPrevious Day High and Low + Separators Daily/Weekly is an indicator based on separators of days and weeks and at the same time points out the previous highs and lows, everything is marked by lines, it consists of creating a clean graph and separated by the different trading days, referring to the extreme points created the previous day. USEAGE Point to each day of the week at the top of the chart to get a time location in your trading week and day sparation determined by 00:00 of any timezone. The reference of the previous day's higs and LOWS is vitally important to understand which direction is most likely for the next day, either continuation or reversal. DETAILS As you can see you will be able to adapt these lines according to your chart design and with the desired intensity of appearance. SETTINGS UTC OFFSET: Determine your TIMEZONE in this section. DAILY SEPARATOR: You have the option to change the color, style, width and text color. WEEKLY SEPARATOR: You have the option to change the color, style, width and text color. PREVIOUS HIGS & LOWS: You have the option to change the color, style, width and text color.
Pine Script® 인디케이터
Algoryze의
19
GOLDEN BOX**Golden Box Trading Strategy Indicator** The "Golden Box" trading strategy indicator is a visual tool designed to facilitate the execution of the Golden Box trading strategy on the TradingView platform. This strategy involves identifying potential buy and sell signals based on specific price movements within defined trading sessions. **Features:** - Custom session definition with adjustable time and time zone settings. - Real-time tracking of session high, low, open, and close prices. - Visual representation of trading sessions with highlighted high and low price ranges. - Condition-based buy and sell signals based on closing prices and session levels. - Informative tables outlining step-by-step strategy execution for both buy and sell scenarios. **Strategy Highlights:** - **Buy Strategy:** Wait for Monday's session completion. If the last candle's closing price is above the session's 50% level, set a pending buy limit order. Stop loss at the session high (100% level), take profits at 75% and 100%. - **Sell Strategy:** Wait for Monday's session completion. If the last candle's closing price is below the session's 50% level, place a pending sell limit order. Stop loss at the session high (100% level), take profits at 25% and 0%. **Disclaimer:** This indicator is for educational purposes and does not offer financial advice. Thoroughly understand the strategy and conduct testing before implementing it in live trading. --- Feel free to modify this description to align with your preferences and to add any additional information that you believe will help users understand the indicator and strategy better.
Pine Script® 인디케이터
EAGLESORG의
GKD-C Sherif's HiLo [Loxx]The Giga Kaleidoscope GKD-C Sherif's HiLo is a confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System." █ Giga Kaleidoscope GKD-C Sherif's HiLo The Sherif's HiLo trading strategy aims to identify high and low price levels in the market. The code calculates the minimum and maximum prices observed within specific ranges. Based on the closing price, the strategy determines the position of two lines. One line represents a potential support level, while the other represents a potential resistance level. If the closing price is higher than the previous value, the strategy identifies the minimum price within the range as the support level. If the closing price is lower than the previous value, the strategy identifies the maximum price within the range as the resistance level. Traders can use these levels as reference points to make trading decisions, such as identifying potential entry or exit points in the market. █ Giga Kaleidoscope Modularized Trading System Core components of an NNFX algorithmic trading strategy The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm: 1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc. 2. Baseline - a moving average to identify price trend 3. Confirmation 1 - a technical indicator used to identify trends 4. Confirmation 2 - a technical indicator used to identify trends 5. Continuation - a technical indicator used to identify trends 6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown 7. Exit - a technical indicator used to determine when a trend is exhausted 8. Metamorphosis - a technical indicator that produces a compound signal from the combination of other GKD indicators* *(not part of the NNFX algorithm) What is Volatility in the NNFX trading system? In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period. True range is calculated as the maximum of the following values: -Current high minus the current low -Absolute value of the current high minus the previous close -Absolute value of the current low minus the previous close ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses. Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass What is a Baseline indicator? The baseline is essentially a moving average, and is used to determine the overall direction of the market. The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR). Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail. By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend. What is a Confirmation indicator? Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI). The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend. Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the MACD Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators. In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades. What is a Continuation indicator? In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy. What is a Volatility/Volume indicator? Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa. By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements. What is an Exit indicator? The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy. The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit. The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses. In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor. Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time. What is an Metamorphosis indicator? The concept of a metamorphosis indicator involves the integration of two or more GKD indicators to generate a compound signal. This is achieved by evaluating the accuracy of each indicator and selecting the signal from the indicator with the highest accuracy. As an illustration, let's consider a scenario where we calculate the accuracy of 10 indicators and choose the signal from the indicator that demonstrates the highest accuracy. The resulting output from the metamorphosis indicator can then be utilized in a GKD-BT backtest by occupying a slot that aligns with the purpose of the metamorphosis indicator. The slot can be a GKD-B, GKD-C, or GKD-E slot, depending on the specific requirements and objectives of the indicator. This allows for seamless integration and utilization of the compound signal within the GKD-BT framework. How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above? Loxx's GKD v2.0 system has five types of modules (indicators/strategies). These modules are: 1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm) 2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm) 3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm) 4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm) 5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm) 6. GKD-M - Metamorphosis module (Metamorphosis, Number 8 in the NNFX algorithm, but not part of the NNFX algorithm) (additional module types will added in future releases) Each module interacts with every module by passing data to A backtest module wherein the various components of the GKD system are combined to create a trading signal. That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy. This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm. What does the application of the GKD trading system look like? Example trading system: Backtest: Multi-Ticker CC Backtest Baseline: Hull Moving Average Volatility/Volume: Hurst Exponent Confirmation 1: Sherif's HiLo as shown on the chart above Confirmation 2: uf2018 Continuation: Coppock Curve Exit: Rex Oscillator Metamorphosis: Baseline Optimizer Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, GKD-M, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD system. █ Giga Kaleidoscope Modularized Trading System Signals Standard Entry 1. GKD-C Confirmation gives signal 2. Baseline agrees 3. Price inside Goldie Locks Zone Minimum 4. Price inside Goldie Locks Zone Maximum 5. Confirmation 2 agrees 6. Volatility/Volume agrees 1-Candle Standard Entry 1a. GKD-C Confirmation gives signal 2a. Baseline agrees 3a. Price inside Goldie Locks Zone Minimum 4a. Price inside Goldie Locks Zone Maximum Next Candle 1b. Price retraced 2b. Baseline agrees 3b. Confirmation 1 agrees 4b. Confirmation 2 agrees 5b. Volatility/Volume agrees Baseline Entry 1. GKD-B Baseline gives signal 2. Confirmation 1 agrees 3. Price inside Goldie Locks Zone Minimum 4. Price inside Goldie Locks Zone Maximum 5. Confirmation 2 agrees 6. Volatility/Volume agrees 7. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior 1-Candle Baseline Entry 1a. GKD-B Baseline gives signal 2a. Confirmation 1 agrees 3a. Price inside Goldie Locks Zone Minimum 4a. Price inside Goldie Locks Zone Maximum 5a. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior Next Candle 1b. Price retraced 2b. Baseline agrees 3b. Confirmation 1 agrees 4b. Confirmation 2 agrees 5b. Volatility/Volume agrees Volatility/Volume Entry 1. GKD-V Volatility/Volume gives signal 2. Confirmation 1 agrees 3. Price inside Goldie Locks Zone Minimum 4. Price inside Goldie Locks Zone Maximum 5. Confirmation 2 agrees 6. Baseline agrees 7. Confirmation 1 signal was less than 7 candles prior 1-Candle Volatility/Volume Entry 1a. GKD-V Volatility/Volume gives signal 2a. Confirmation 1 agrees 3a. Price inside Goldie Locks Zone Minimum 4a. Price inside Goldie Locks Zone Maximum 5a. Confirmation 1 signal was less than 'Maximum Allowable PSVVC Bars Back' prior Next Candle 1b. Price retraced 2b. Volatility/Volume agrees 3b. Confirmation 1 agrees 4b. Confirmation 2 agrees 5b. Baseline agrees Confirmation 2 Entry 1. GKD-C Confirmation 2 gives signal 2. Confirmation 1 agrees 3. Price inside Goldie Locks Zone Minimum 4. Price inside Goldie Locks Zone Maximum 5. Volatility/Volume agrees 6. Baseline agrees 7. Confirmation 1 signal was less than 7 candles prior 1-Candle Confirmation 2 Entry 1a. GKD-C Confirmation 2 gives signal 2a. Confirmation 1 agrees 3a. Price inside Goldie Locks Zone Minimum 4a. Price inside Goldie Locks Zone Maximum 5a. Confirmation 1 signal was less than 'Maximum Allowable PSC2C Bars Back' prior Next Candle 1b. Price retraced 2b. Confirmation 2 agrees 3b. Confirmation 1 agrees 4b. Volatility/Volume agrees 5b. Baseline agrees PullBack Entry 1a. GKD-B Baseline gives signal 2a. Confirmation 1 agrees 3a. Price is beyond 1.0x Volatility of Baseline Next Candle 1b. Price inside Goldie Locks Zone Minimum 2b. Price inside Goldie Locks Zone Maximum 3b. Confirmation 1 agrees 4b. Confirmation 2 agrees 5b. Volatility/Volume agrees Continuation Entry 1. Standard Entry, 1-Candle Standard Entry, Baseline Entry, 1-Candle Baseline Entry, Volatility/Volume Entry, 1-Candle Volatility/Volume Entry, Confirmation 2 Entry, 1-Candle Confirmation 2 Entry, or Pullback entry triggered previously 2. Baseline hasn't crossed since entry signal trigger 4. Confirmation 1 agrees 5. Baseline agrees 6. Confirmation 2 agrees █ Connecting to Backtests All GKD indicators are chained indicators meaning you export the value of the indicators to specialized backtest to creat your GKD trading system. Each indicator contains a proprietary signal generation algo that will only work with GKD backtests. You can find these backtests using the links below. GKD-BT Giga Confirmation Stack Backtest GKD-BT Giga Stacks Backtest GKD-BT Full Giga Kaleidoscope Backtest GKD-BT Solo Confirmation Super Complex Backtest GKD-BT Solo Confirmation Complex Backtest GKD-BT Solo Confirmation Simple Backtest GKD-M Baseline Optimizer GKD-M Accuracy Alchemist GKD-BT Multi-Ticker SCC Backtest GKD-BT Multi-Ticker SCS Backtest GKD-BT Multi-Ticker SCS Backtest GKD-BT Multi-Ticker Full GKD Backtest
Pine Script® 인디케이터
loxx의
QFL Screener [ ZCrypto ]The QFL Screener is a robust tool inspired by Quickfingersluc's trading strategy. Known as the Base Strategy or Mean Reversals, QFL focuses on identifying moments of panic selling and buying , presenting opportunities to enter trades at deeply discounted prices. The QFL Screener is designed to enhance your trading efficiency by simultaneously scanning 40 symbols. You have the flexibility to enable or disable specific symbols from the screening process, allowing you to tailor the screener to your preferred markets and instruments. The Screener has a built-in alerts system . As soon as the QFL conditions align for any of the scanned symbols, you'll receive instant notifications, empowering you to take prompt action and seize potential trading opportunities. In addition, I've incorporated a visual element to complement the alerts. Once the conditions are true, a green arrow shape will appear directly on the chart, providing a clear and intuitive signal of the QFL opportunity. To provide a clear overview, our screener presents a comprehensive table that highlights when the QFL condition becomes true for each symbol. This table acts as a visual guide, enabling you to monitor the status of multiple symbols at a glance, streamlining your trading decision-making process. With the QFL Screener, you gain an edge in identifying profitable trade setups based on Quickfingersluc's renowned approach. Experience the convenience of simultaneous screening, real-time alerts, and an intuitive table display, all in one user-friendly tool.
Pine Script® 인디케이터
TZack88의
5
HL ATRUnlocking Market Volatility: The Adaptive Highest High Lowest Low Indicator As seasoned traders know, accurately identifying and leveraging market highs and lows can significantly impact your trading performance. One innovative tool for harnessing these inflection points is the Adaptive Highest High Lowest Low Indicator. Built for intuitive trading, this indicator offers a distinctive edge in identifying key trading signals in volatile markets. 1. Understanding the Indicator At its core, the Adaptive Highest High Lowest Low Indicator operates by pinpointing the highest highs and lowest lows within a specified lookback period. What sets it apart is its ability to adapt and respond to market volatility, enhancing its utility in various market conditions. Key parameters include the lookback period, the number of confirmation candles, the number of previous high/low lines to display, and the Average True Range (ATR) period. Each of these inputs offers the trader flexibility to fine-tune the indicator to suit their specific trading style and the prevailing market conditions. 2. Harnessing the Power of Highs and Lows The indicator begins by charting the highest high and the lowest low within your chosen lookback period. These highs and lows are treated as levels of resistance and support, respectively. Once identified, lines are drawn at these points, offering visual cues for strategic trading. However, the indicator doesn't stop at identifying these levels. It waits for the price to confirm these levels, using a user-defined number of 'Confirmation Candles'. This ensures that the highs and lows are robust and significant, thereby minimizing the risk of false breakouts or breakdowns. 3. Volatility Filter: The ATR The incorporation of the ATR into this indicator is a key distinguishing feature. The ATR measures market volatility by calculating the range of price movements over a given period. By incorporating the ATR, this indicator can adapt to changes in volatility. Specifically, the ATR acts as a filter for the buy and sell signals, helping to avoid false signals during low volatility periods and highlight meaningful breaks during high volatility periods. 4. Deciphering Buy and Sell Signals The Adaptive Highest High Lowest Low Indicator offers clear signals for potential entry points. A 'Buy' label appears when the price breaks and closes above a previously identified high by an amount greater than the ATR. Conversely, a 'Sell' label is generated when the price breaks and closes below a previously identified low by an amount greater than the ATR. 5. Where Does This Indicator Shine? This indicator thrives in markets characterized by high volatility. The ATR component allows the tool to adjust itself to changing market conditions, enhancing its effectiveness in volatile markets. It suits various financial markets, including stocks, forex, commodities, and cryptocurrencies, among others. However, it's crucial to remember that this tool should not be used in isolation. It's most effective when used in conjunction with other indicators and within the context of a well-planned trading strategy. Always remember to use good risk management and adjust the settings of the indicator as per changing market conditions. In conclusion, the Adaptive Highest High Lowest Low Indicator is a versatile and powerful tool for traders seeking to capitalize on market volatility. By combining the power of highs, lows, and the ATR, this indicator offers an innovative approach to navigating the financial markets. Basic steps of how you could use this indicator for trading. Identify Highs and Lows: The indicator draws lines at the highest high and lowest low of a given lookback period. Use these lines to identify key levels of support (lows) and resistance (highs). Confirm the Trend: Wait for the price to confirm these levels. This is done by the number of 'Confirmation Candles'. For example, if 'Confirmation Candles' is set to 7, then a high or low is confirmed if the price has not broken that level in the past 7 candles. Use the ATR as a Filter: The Average True Range (ATR) is used as a volatility filter. It can help to filter out signals that occur during low volatility periods, which might be false breakouts or breakdowns. Entry Points: Entry points are determined by the labels "Buy" and "Sell" that appear on the chart. Buy Signal: When a 'Buy' label appears, this indicates the price has broken above a previously identified high and closed above it by an amount greater than the ATR. This could be considered a bullish signal and a potential point to enter a long position. Sell Signal: When a 'Sell' label appears, this indicates the price has broken below a previously identified low and closed below it by an amount greater than the ATR. This could be considered a bearish signal and a potential point to enter a short position. Exit Points: The indicator does not provide specific exit points. These would need to be based on your risk tolerance, trading strategy, and other factors. You might consider exiting a position when the price reaches a new high/low, when a contrary signal appears, or when the price breaks a certain level of support or resistance. Risk Management: It's important to set stop-loss levels and take-profit levels for each trade. This could be based on a fixed percentage, the ATR, or the highs and lows identified by the indicator. Periodically Adjust Settings: Depending on market conditions, you might need to adjust the settings of the indicator, like the lookback period, confirmation candles, and ATR period. Remember, this indicator should not be used in isolation. It's best to use it in combination with other tools and techniques, and always in the context of a well-planned trading strategy. It's also important to backtest any strategy before using it in live trading.
Pine Script® 인디케이터
CryptologyCZ의