at first thanks to the one and only Master Educator Stefan Kassing for sharing his legendary system with us!
And also credit to Mortdiggiddy, RootDuk and PineCoders for helping me with the script =)
This script is calculating the daily range (in pips) of the current market you are in, in relation to the last 70 days (10 weeks).
It is used for a...
---- May 05 2015 -----
Added support for filtered ranges:
RID V3 : pastebin.com
RIDv3 has full backward compatibility (!?), meaning all my descriptions below still apply for V3.
-- In addition, I have added a NON-OVERLAY mode, which can be put in its own pane, that shows the number of bars in the current range.
-- in Overlay mode, you can...
This is the last of the 'RePaNoCHa' script for Automatic Trading ;-) ... This time with two take profits ...
It Use 6 indicators + volume:
-JURIK MOVING AVERAGE
-RSI + VOLUME WEIGHTED
To close the position you can choose between 2 Take Profit and the amount to use on each one.
You can transform it yourself into...
Uses daily average ranges of 5 and 10 (most used) as buy (support) and highs (resistance) areas - half ranges used in calculations for a more accurate "forecast" of the H and L . Uses open but not close, so it does not repaint - experimental
The indicator is based on making the standard deviation (where the mean is a moving average) a two-lines cross indicator, by applying an MA over it. When the standard deviation is above the MA, there is considered to be enough volatility in the market for trends to form.
Blue background = There is ACTION in the market -- signals it should be safe to trade
This is an experimental study designed to identify the underlying trend bias and volatility of an instrument over any custom interval TradingView supports.
First, reset points are established at points where the opening price of the interval changes.
Next, Volume Weighted Average Price (VWAP) is calculated. It is the cumulative sum of typical price times volume...
// Shows the price renko bars (or range bars) instead of the PERIOD renko
// bars that are integrated into Trading View. The normal renko bars that
// Trading View offers only consider the drawing of a new brick when the
// price closes above or below the required brick size. This can produce
// misleading charts since depending on the time interval of a chart,...
This long only strategy determines when there is both a NR7 (narrow range 7, a trading day in which the range is narrower than any of the previous six days), plus a inside day (high of the current day is lower than the high of the previous day and the low of the current day is higher than the low of the previous day) both on the same trading day and enters a long...
This indicator will simply plot on your chart the Daily/Weekly/Monthly previous candle levels.
The "Auto" mode will allow automatic adjustment of timeframe displayed according to your chart.
Otherwise you can select manually.
Indicator plots the open/close and colors the high-low range area in the background.
Hope this simple indicator will help you !
Website will be opening very shortly :) Sorting out the last details and we're so excited to finally roll-out our different Algorithm Builders for you guys
This present script is an evolution of the TMA bands. I would never have expected that script to become so popular to be honest
This is not only a study or idea but a really proven...
Simple script made to identify trading ranges in any timeframe
The oscillator bounces between 1 and 0. 1 means that the current asset is in a trading range and 0 meaning it is not.
The determination of a trading range is determined by the following:
ATR(14)40 and RSI<60
Due to all 3 having to be fulfilled in order for the oscillator to show there is a...
This indicator adds a level of adaptivity to the simple Donchian Channel by adjusting the sensitivity (lookback periods) of the channel's upper and lower bounds based on the amount of time that has elapsed since the price has hit/expanded the channel boundaries. Comparing the results of this indicator to the standard Donchian Channel, the readier level of...