SuperTrendRange study attempts to determine the state of the market
• whether a well-established bull/bear trend is present
• whether the market is trading in a range
SuperTrendRange (STR) takes into account the volatility of the market - further details regarding volatility can be found in the description of “Volatility Bands by DGT” study
Due to its...
The following script is an application of the Z-Score (previous script).
Z-Scores can be used in place of standard deviation (sigma) in 'Bollinger Bands'.
The average of the sample (x-bar) over 21 days (N)
21 average trading days per month, fixed value
The average of the population (mu) over 63 days (n)
63 days per quarter, default is set to 63
Hello traders, today I wanted to present you something special. I present you the Exertion Meter!
Created from scratch, this idea is based on a theory of mine called "Exertion".
Exertion occurs when price moves beyond the previous bar's range thus it has "exerted itself".
The idea is that when price moves a lot, it exerts a lot of energy which eventually leads...
This indicator plots Standard deviation levels and Fib. Pivot Points. I prefer to use only SD levels but Fib. levels also come handy in providing support and resistance.
How to use this indicator:
You have to manually enter instrument's Closing Price / Settlement Price and VIX closing price to draw each day's levels.
For NQ, I use VXN closign price and for ES...
This indicator is standard deviation bands using a live analysis adaptation of Richard Arms' Volume Adjusted Moving Average as their basis. VAMA utilizes a period length that is based on volume increments rather than time.
• SampleN - N volume bars used as sample to calculate average volume , 0 equals all bars.
• VAMA Source - Price used for volume...
As a second alternatively based trendline script this is the Standard Deviation vesrion.
This script draws trendlines from the pivot points in the price chart.
The angle of the trendlines is determined by (a percentage of) the Standard Deviation.
The angle follows the change in price, compared to the StDev at the moment where the pivot point is detected
The Trend Analysis Indicator was created by Adam White (Stocks & Commodities V. 10:8 (358-360)) and this is not to be confused with the Trend Analysis Index which was also created by Adam White. The stock is trending when it is above the signal and loses steam when it falls below the signal. Generally you should buy when it is above it's signal and sell when it...
The Variable Length Moving Average was created by George R. Arrington Ph.D. (Stocks & Commodities V. 9:6 (219-223)) and I'm really loving this indicator. It is a great moving average that hugs the price very closely and it is fully adjustable to your needs. It detects signals extremely well and I have color coded the moving average line to make it very easy to...
This moving average was originally developed by professor Andreas Uhl in 2005 (The paper in German: www.buero-uhl.de). Here is the guy himself: wavelab.at
The strength of the CMA is that the current value of the time series must exceed the current volatility-dependent threshold, so that the filter increases or falls,...
This indicator shows a Key Level Support & Resistance level and VWAP that reset on your choice of the Bitcoin's halving date.
Optional Key Calculation Mode:
- Start with first (2012) or second (2016) halving date.
- Start with first and reset on the second (Halving to halving mode)
- Start with every next halving simultaneously (Halving + halving mode)
This indicator shows a Key Level Support & Resistance level and VWAP that resets on your choice of the stock's Earnings , Dividends or Splits release date.
A maximum of 8 bands calculated using a factor of the anchored VWAP's standard deviation can be displayed.
The script is designed for stock-trading only.
Inspired by timwest , LazyBear 's ...
This script creates a STDEV in a candle format so you can see the Change in a candle format and compare it with the actual price candle.
Is very similar to SMU RSI and SMU ROC. The interesting part is to see the full effect of traditional indicators in a candle format rather than a simple plot format. Very interesting view in SPX. There is a very big clue in the...
Pinescript requires many of its built-in functions to use a simple int as their period length, which entails the period length cannot vary during the script's execution. These functions allow using a series int or series float for their period length, which means it can vary on each bar.
The functions shared in this script include:
Rolling sum: ...
This script shows Bollinger Bands function and want to detect Bollinger Band Width Squeeze with a successful, different perspective .
Bollinger Bands : You can specify the Bollinger Bands periods as mutable variables .
Bollinger Band Width Squeeze : First the Bollinger bands width was calculated.The width was then divided into levels using the money flow...
The standard deviation measure the dispersion of a data set, in short this metric will tell you if your data is on average closer or farther away from the mean. Its one of the most important tools in statistics and living without it is pretty much impossible, without it you can forget about Bollinger-bands, CCI, and even the LSMA (ouch this hurt)...