I coded this one using Tim West's concept of range expansion bars.
It's a nice addition to switch back and forth when using his UDIO bars from the Key Hidden Levels indicator pack to analyze price action on a bar by bar basis.
The indicator plots a red or green bar signaling strong buying on selling, which almost always implies continuation, or a good chance to...
I updated my old indicator that plotted a Kalman filter avg. of the bars inside a higher timeframe bar, to attempt to find the most frequent price in that bar's timespan.
It ended up being somewhat close, but not exact, but the result is that you get a pseudo-vwap without a need for volume data, that isn't cumulative and can indicate trend direction, or if the...
Included adaptive lot size based on ATR, and also ATR based stop and take profit levels.
Risk/reward increased to 1:2 and should work in all ranging FX pairs as long as they are not trending.
Once the market starts trending it'll eat this bot alive.
Time at Mode FX
I coded this indicator to adapt a few techniques I learned from Constance Brown to CCI, which is a very good momentum indicator which gives great signals if you know how to read them.
I plotted a few examples on the chart.
As you can see, it complements a trader's bar chart reading skills nicely if applied correctly.
Hope you can find it of use.
Hi, this is version 2.0 of the Range Expansion Signal indicator, now including inside and outside bars.
I'm looking forward to tradingview to include other price feeds, since I'd love to trade FX from this site.
I removed the outside bar filter for range expansion bars.
You will need Tim West's TW_UB indicator to plot those. It'll be more useful if you use both, since you can see when prices trend or consolidate visually by seeing the bar colors alongside the range expansions.
I coded this simple indicator based on multiple ideas shared by Tim West at his "Key Hidden Levels" chatroom.
We have a moving average ribbon comprised of the average of the highs and lows in 10 periods. The colored space in between acts more or less like fair value and is often where price is when consolidating.
Green and red triangles at the top and bottom...
Hi, I updated the code to be able to use Tim West's TW_UB indicator, which helps a lot with seeing price waves, coloring bars that form new highs green, new lows red and inside and outside bars red.
The indicator now only plots range expansion bars, with a triangle shape above or below each bar to make it visually clear.
Hope you find this of use.