VIX Implied Move Bands for ES/Emini futuresThis script uses the close of the VIX on a daily resolution to provide the 'implied move' for the E-mini SP500 futures. While it can be applied to any equity index, it's crucial to know that the VIX is calculated using SPX options, and may not reflect the implied volatility of other indices. The user can adjust the length of the moving average used to calculate the bands, the window of days used to calculate the implied move, and the multiplier that effects the width of the bands.
ابحث في النصوص البرمجية عن "Volatility"
Moving average of 1-period Percent ChangeAnother way of finding the average range of the bars using 1 period percentage change of the price and taking an average of them. It's given in percentages and the absolute value of the average can be shown when the option is turned on, or the average including the up and down bars can be shown. Perhaps an alternative way of looking at volatility or range of the bars. If you prefer a line version over histogram, just simply change the style under the settings of the indicator.
ATR Stop PriceSet stop price and add-position price according to the cost and current ATR.
You may set an alert with the condition when the stock price crossing down the Stop Price.
Example:
stock price: $150
volatility multiple: 2
current ATR: $3
stop price = $150 - $3 * 2 = $144
add-position price = $150 + $3 * 2 / 2 = $153
Indices Sector SigmaSpikes█ OVERVIEW
“The benchmark Dow Jones Industrial Average is off nearly 300 points as of midday today...”
“So what? Is that a lot or a little? Should we care?”
-Adam H Grimes-
This screener aims to provide Bird-Eye view across sector indices, to find which sector is having significant or 'out-of-norm' move in either direction.
The significance of the move is measured based on Sigma Spikes, a method proposed by Adam H. Grimes, where Standard Deviation of returns used as a baseline.
*You can google his blog or read his book, got some gold in there, especially on how he use indicators for trading
█ Understanding Sigma Spikes
As described by Grimes, moves in markets are only meaningful when we consider what “normal” is for that market.
Without that baseline, the daily change number, and even the percent change on the day doesn’t really mean much.
To overcome that problem, Sigma Spikes, as a measure of volatility, attempt to put todays change in price (aka return) in context of the standard deviation of 20 days daily's return.
Refer chart below:
1. The blue bars refer to each days return
2. The orange line is 1 time standard deviation of past 20days daily's return (today not included)
3. The red line is 2 time standard deviation of past 20days daily's return (today not included)
Using the ratio of today's return over the Std Deviation, determining your threshold (1,2,3,etc) will be the key that tells if today's move is significant or not.
*Threshold referring to times standard deviation, and different market may require different threshold.
*20 Days period are based on the Lookback Period, adjustable from user input window.
█ Features
- Scan up to 13 symbols at a time (Bursa (MYX) indices are defaulted, but you may change to any symbols/index from the user input setting)
█ Limitation
- Due to multiple use of security() function required to call other symbols, expect the screener to be slow at certain times
- Custom Timeframe currently accept only Daily and Weekly. I'll try to include lower timeframe in the next update
█ Disclaimer
Past performance is not an indicator of future results.
My opinions and research are my own and do not constitute financial advice in any way whatsoever.
Nothing published by me constitutes an investment recommendation, nor should any data or Content published by me be relied upon for any investment/trading activities.
I strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
Any ideas to further improve this indicator are welcome :)
ATR Volatility Bars 1.0This script will be featured in upcoming video ideas about catching liquidations spikes in cryptocurrencies.
The script measures the unique size of each bar compared to the Average True Range (ATR) of the evaluation period. The evaluation period can be set in the inputs. The desired benchmark for what will be highlighted is also set in the inputs as a percentage. The default settings are to evaluate the last 26 bars for ATR and highlight bars that are 300% or larger than ATR.
When a bar meets the criteria of the indicator it will show a label and highlight the bar accordingly. The user may select the indicator to only show Buy or Sell opportunities. The indicator has alert functionality.
GAP Bands""
Introduction
Gap trading is a simple and disciplined approach to buying and shorting stocks. Essentially, one finds stocks that have a price gap from the previous close, then watches the first hour of trading to identify the trading range. Rising above that range signals a buy, while falling below it signals a short.
What is a Gap?
A gap is a change in price levels between the close and open of two consecutive days. Although most technical analysis manuals define the four types of gap patterns as Common, Breakaway, Continuation and Exhaustion, those labels are applied after the chart pattern is established. That is, the difference between any one type of gap from another is only distinguishable after the stock continues up or down in some fashion. Although those classifications are useful for a longer-term understanding of how a particular stock or sector reacts, they offer little guidance for trading.""" (Definition from StockCharts)
I plot gaps and add a band to them with volatility to make a decision about how important the current gap in terms of our price movement.
Acceleration BandsAcceleration Bands
Description:
Acceleration Bands serve as a trading envelope that factor in an assets typical volatility over standard settings of 20 or 80 bars. They can be used across any time period, though traders prefer to use them most across weekly and monthly timeframes as breakout indicators outside these bands.
Using the shorter time frames can define likely support and resistance levels at the lower and upper Acceleration Bands.
Entry is usually made at the breakout point. Once the price closes back within the Acceleration Bands, this is taken as a signal that the acceleration period is over and it’s best to close out the trade.
TM_INTRADAY_TOOLTM_INTRADAY_TOOL helps to identify following Things for Intraday Position on 1-3-5-10-15-30-60 Minutes and Daily timeframe along with Buy or sell signal.
1. Market Trend (Different Timeframe)
2. Price Direction
3. Area of Support & Resistance
4. Price Momentum
5. Volume Based Breakouts
Terminology Use ==> Black from Bottom for - Buy, Red from Top for - Sale Signal, and Numbers are to show time frame indication there is presence of buyer or seller like 1 for buy signal on 1 minute time frame etc.
Display and Interpretation ==> Buy Sale Signal in Digit with 1-3-5-10-15-30-60-D for different time frames.
any value signal ending with * shows breakout of support/ resistance and value signal starting with * shows entry to a momentum zone.
Green Mark with Triangle Up shows trend of that timeframe in positive and value shows upside possible direction on that timeframe vice versa for red signal with down triangle
T1 stand for trend change in 1 Minute timeframe and T3 stand for trend change in 3 Minute timeframe
Use market structure, chart pattern, trend lines for more support..
Time frame ==> Use proper Signal with 1 minute, 3 minute time frame
What to Identify ==> Overall Trend for the intraday
How to Use ==>
See how and order buildup is seen and current order position. Also area for volatility and expected movement in price direction
Note: - Use market structure, chart pattern, trend lines and price action parameter for more confirmation.
Entry ==>
Let’s wait the proper area of support or resistance ( Area of Value in case of trend pattern use)
Exit ==>
SL of swing high/low out of market structure with proper risk management and target with proper Risk/ Reward Ratio
Use the Below Contacts to Access this Indicator
NIFTY VIX BANDSThis script can be used to visually identify the 1 standard deviation range of price movement anticipated by NSE ticker for Volatility Index NSE:INDIAVIX
Ideal to use on NSE:NIFTY ticker only!
The NIFTY range is extended to Yearly, Monthly, Weekly, Daily based on the current value of INDIAVIX.
All options are customizable:
Time frame of the VIX Bands
Select / De-select of Plots for Yearly, Monthly Weekly and Daily
Trend Finder V2A variation of a previous indicator i made using two stochastics and a volume weighted moving average to look for trend, 10% equity used per trade at 0.1% commission
The close can be used more of a stop loss if volatility is used to take profit
True Range in %I like to look at volatility in percentage and not in numbers. This is exactly what this script provides. It calculates the true range of a candle in percentage to the current price (for finished candles it uses it's close price).
The script also allows you to compare open and close prices.
BETA (against any benchmark index - defaulted to NSE:NIFTY)Beta value of a stock relative to benchmark index. Thanks to Ricardo Santos for the original script. This script is adapted from it.
To understand beta, refer Investopedia link: www.investopedia.com
A beta value of 1 means the stock is directly correlated to benchmark index - volatility would be same as overall market.
Beta value less than 1 and greater than 0 means the stock is less volatile than the market.
Beta value more than 1 would mean the stock is more volatile than the market.
A beta value of 1.2 would roughly translate to the stock being 20% more volatile than the overall market.
A negative beta value indicates the stock is inversely correlated to market.
In the example chart, you can see the Beta value change in NSE:RELIANCE with respect to NSE:NIFTY.
ATR_percentATR_percent is an indicator that i have created to find and be ready for volatility in stock or index. Works best in the 15 min time frame. Use case can be for Nifty and Banknifty.
Basically, whenever the ATR _percent line leaves the yellow line for upwards, market is falling. While if it is heading downwards, the market is rising.
Displaced Moving Average Channel (DMA)What is This?
The Displaced Moving Average Channel (DMA) indicator is a combination of two moving averages calculated on the high and low of a set time period back which are displaced forward or backward with the center highlighted as a central channel.
What Information Can I Get Out of It?
This indicator can be used as a support or resistance as some moving averages are typically used as well as a tiny measure of recent volatility by looking at the spread between the top and bottom moving averages.
Where Did This Idea Come From?
I did not come up with the concept of this indicator since I was inspired to use this as a setup/trigger indicator in a potential trading strategy as seen in this whitepaper .
Ultimate VWAP Bands- Ultimate VWAP Bands is a script that helps to decide and further clarify areas of oversold and overbought conditions.
- For example, when the price is in the lowest band it is extremely oversold relative to the VWAP . Hence it should be considered a good place to buy with a high risk to reward payoff.
- Each band is set at a fixed offset away from the VWAP . The "VWAP Band Multiplier" adjusts this and is a key part of the script. This allows the indicator to be adjusted based on the assets volatility . For example, with Crypto. A multiplier of 1 would be strongly advised. Whilst a multiplier of 0.1-0.25 would be useful for currency pairs.
- This indicator can be used for all manners of trading. However, it is most effective when used for scalping and swing trading.
Bollinger Bands %B + ATR This indicator is best suitable for the 30-minutes interval OIL charts, due to ATR accuracy.
BB%B is great for showing oversold/overbought market conditions and offers excellent entry/exit opportunities for Day Trading (30 minutes chart), as well as reliable convergence/divergence patterns. ATR is conveniently combined and shows potential market volatility levels for the day when used in 30-minutes charts, thus demarcating your day trade exit point.
To use the ATR on this indicator: Just read the ATR value of the lowest (for a new bull trend) or the highest (for a new bear trend) candlestick of the newly formed trend leg. Let's suppose the ATR reads 0.2891, then you project a move of 2.891 points towards the given trend direction using the ruler tool (30-minutes charts). That's all, and there you have your take profit target!
Good Luck!!!
