BERLIN Range Index | Panel version

The original problem: The choppiness index is great at finding ranging markets, but it is sometimes very slow, which means most of the time it only catches the end of a trend.

This indicator tries to solve this. It uses the choppiness index and filters it using a factor that is based on the standard deviation of the ATR.

The ATR based filter is calculated by first calculating the running standard deviation of the ATR, and then looking at that in relation to its recent low to find a filtering factor to use on the choppiness index . This makes the choppiness index more reactive to trends, but also slightly more likely to missidentify ranges.

This is the panel version of the indicator. It plots the index and min/max values, as well as background colors to tell you when it thinks the market is ranging or trending.

Yellow = Trending
Transparent gray = Ranging
ملاحظات الأخبار: - Version 1.1 -
  • Added option to use normalized true range in the ATR filter. This is now the default.
  • Changed color for exhausted trends from transparent gray to solid orange.
  • Changed color for weakening exhausted trend from transparent yellow to red.
ملاحظات الأخبار: - Version 1.1b -
  • Fixed bug where the indicator accidentally was used overlay mode.
نص برمجي مفتوح المصدر

قام مؤلف هذا النص البرمجي بنشره وجعله مفتوح المصدر، بحيث يمكن للمتداولين فهمه والتحقق منه، وهو الأمر الذي يدخل ضمن قيم TradingView. تحياتنا للمؤلف! يمكنك استخدامه مجانًا، ولكن إعادة استخدام هذا الكود في منشور تحكمه قواعد الموقع. يمكنك جعله مفضلاً لاستخدامه على الرسم البياني.

هل تريد استخدام هذا النص البرمجي على الرسم البياني؟


is good to one hour timefrime?
+1 رد
lejmer whoostyle
@whoostyle, I would say it works on any timeframe.
If possible can you explain the standard deviation calculation you done

lejmer chaitya97
@chaitya97, Hi. The calculations used are based on Alex Grovers explanation here:
Bro this and the Mean Deviation index are complex to use, but if you take the time (a long time) to test the settings you can come up with something amazing with what you have here. Thanks for all the different options it really makes it a versatile indicator. Being able to try all the different MAs really helps.

To others trying this indicator, it's cutting edge but as with anything good, you have to dedicate some time to this one.
What is the correct definition of the red and orange showing in this indicator?
Kuch Kuch
@Kuch, sorry see it in the code, but should clarify on the definition of red or orange from the indicator.
+1 رد
@Kuch, Sorry about that. Not allowed to change the text once it is published, or I would add it to the description.
الصفحة الرئيسية منصة الأسهم منصًة العملات منصّة العملات الرقمية جدول الأعمال الاقتصادي حول مميزات الرسم البياني أسعار العضوية إحالة صديق قوانين الموقع مركز المساعدة حلول المواقع الإلكترونية والوسطاء الأدوات حلول الرسوم البيانية مكتبة الرسوم البيانية صغيرة الحجم المدوّنة والأخبار تويتر