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 ADX<25 Due to all 3 having to be fulfilled in order for the oscillator to show there is...
This indicator normalizes Day's candle with Open. Idea is to see the daily movement in the context of the Open of the Day. Larry Williams talks about Open being the most important price of the day. Hence, this indicator. The Green line is average Open-to-High for occurrences of Red days. The Red line is average Open-to-Low for occurrences of Green days. Average...
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 Gray...
Plots the the highest true range for the entire dataset. Beneficial for determine an emergency stopp loss.
Developing Range v1.0 ---------------------------- Azimuth Dynamics Scalping tool for help finding potentially high probability reactive levels. I suggest using on a 5min chart. GRAY BAND: yesterday's High-Low range BLUE BAND: today's Developing Range. Mean of today's High-Low range so far and yesterday's High-Low range, this is calculated for each of...
TRI - The Range Indicator by Jack Weinberg Developed by Jack Weinberg, Range indicator compares intraday range with inter-day range Intraday range is bar’s (high – low) and inter-day range is (Close – Close-1) Author had a strong belief that crossing of intraday range outside the inter-day range is an indication of end of current trend It oscillates between 0...
ADR - Average Day Range Tradingview Screener Average Day Range (ADR)
Hey traders, 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...
A revision on the famous Monday Range Script, with the first day of the week goes to Monday for FX trading.
Hi everyone 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 Forewords 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...
This is a labelling module based on a range filter . Notice that the trick here is to use fibonachi numbers . Use smaller range multiplier for higher TFs. This module may serve as a signal generator to be passed through a signal filter. Quote from the original author: This is an experimental study designed to filter out minor price action for a clearer view...
This script averages the range of the previous 5 sessions and displays it on the chart The sessions are adjustable
SMA 200 determines the trend Bullish trend, green candles. Down trend, red candles. If the market value is narrow to the SMA200 channel, yellow candles. Setting recommended for SMA Range BTCUSD = 100 EURUSD = 1000 SPX = 100 ETHUSD = 10
Script for automatic trading with Alerts. LG --> Long (green: not confirmed) (lime: confirmed) ST --> Short (maroon: not confirmed) (red: confirmed) TS --> Trailing Stop xL --> Close Long Position xS --> Close Short Position SL --> Stop Loss The trailing stop closes the trade if the price changes direction by a specified percentage or offset. There is no...
This tool takes a "RANGE" chart and transforms it into "NORMAL" or "HEIKEN-ASHI" candles. Instantly giving you a much better visual interpretation of the "range" information!!! NOTE: due to the nature of Pinescript and how range charts are constructed it's possible the candles are not formed on every tick!!! When formed though, they don't repaint and are...
This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow...