This script uses basic statistics to exploit mean-reversion conditions in the market. The idea of mean-reversion is similar to stretching an elastic band. After a certain level, the potential energy to snap back to the initial position increases. For the case of the markets, the initial position is the mean price. Entries and exits are clearly represented...
Hello The indicator measures the relationship between Average True Range (ATR) that shows how much an asset moves, on average, during a given time frame and Standard Deviation that measuring how widely asset prices are dispersed from the average price. If prices trade in a narrow trading range, the relationship between the ATR and SD will return a low value that...
Volatility of the price against ATR value. By comparing the ATR value, you can calculate the estimated move capacity of the price. Please write your comments. Kind regards from İstanbul, Turkey
This script presents the session range and post session movements relative to that range of all the majors and crosses on a single page. You can also set it to a daily range and weekly range (beta). It will even show you the pip value of the range. I made the indicator to easily stay on top of market movements at london open relative to the Asia session range....
What is Scalping? Scalping is a trading strategy aimed at profiting from quick momentum in a volatile index or stock. Traders who use such strategies place anywhere from 10 to a few hundred trades in a single day. The idea behind such type of trading is that small moves in an index or stock price are much easier to capture than the larger moves. Traders...
Indicator for the Larry Connors RSI2 R3 Setup. Green Candle: When RSI2 is decreasing for 3 candles, the first is below 60 and the last is below 10. There is a SMA200 Filter option
Indicator to identify signal candles for the Larry Connor CuRSI2 Setup (Cumulative RSI2 Setup) Green Candle when sum of RSI2 of the last two candles are smaller than the limit set by the user.
This Range Indicator divides days based on New York Time. It works properly on the 1-5-15Min Chart. You can also use it on the 1h Chart, but you have to tick the apposite option in the Indicator Settings to do so. Enabling it on the 1h Chart, won't show it properly on the other timeframes, but you can always switch it back to the default and use it on the...
Credits to BlackboxAlgo Dennis Lee A range indicator optimized for HSI H4 timeframe TMA line as the middle trend line and upper & lower border constructed from certain ATR in a display of lateral shift 10 bars backwards The script itself does not prompt to any trades but shows a good reference of HSI price range Decision to trade has to be assisted with your...
A bollinger band overlay for Equivolume Bars . To use it you must move it to the same existing pane as the Equivolume Bars pane and set it to the same scale (usually A). Please ensure if you have modified the equivolume bars script's settings that you modify them in this script accordingly or they will not line up correctly.
I did not write the script from scratch but rather started editing code of an existing one. The original code came from a script called GAP DETECTOR by @Asch- First up: I am a trader, not a programmer and therefore my code most likely is inefficient. If someone with more expertise would like to help and optimize it - feel free to get in touch, I am always...
A Trailing Stop indicator that uses a multiple of ATR below a SMA/EMA line. Support long positions only. Configurables: 1. Use SMA or EMA 2. MA Period 3. ATR multiplier 4. ATR look back period The bottom of the red area indicates the stop line. The top of the red area indicates the reference MA line. Ideal use case is you find your a red area that covers most...
As introduced by StockCharts.com, Chandelier Exit was developed by Charles Le Beau and featured in Alexander Elder's books, this sets a trailing stop-loss based on the Average True Range (ATR). Chandelier Exit can be formulated as a stop-and-reverse (SAR) or as a traditional trailing stop-loss version shown by Stockcharts.com. The main difference is that, in...
This is the finalized code released to the public that I created in a video linked here. This indicators combines a Bollinger Band and Stochastic RSI to produce signals for possible price reversal. The signals are displayed by default as green arrows for bullish and red arrows for bearish. To trigger a signal the indicator checks for the following: (Bullish) ...
Use the synchronization of the 3 lines Basis, Upper, Lower to calculate whether the trend will continue or not. 1. Color the 3 lines Basis, Upper, Lower of the Keltner channel - If the value of 3 Basis, Upper, and Lower lines in front of a candle increases, fill in green. - If the value of 3 Basis, Upper, and Lower lines in front of one candle decreases, color in...
Bollinger Bands basically use SMA, here I revised it for use with many moving averages. Moving average types I have added: "EMA", "RMA", "SMA", "WMA", "VWMA", "WWMA", "TMA", "VAR", "ZLEMA", "TSF". There is also an MTF option to view different time zones.
Universal Global Session This Script combines the world sessions of: Stocks, Forex, Bitcoin Kill Zones, strategic points, all configurable, in a single Script, to capitalize the opening and closing times of global exchanges as investment assets, becoming an Universal Global Session . It is based on the great work of @oscarvs ( BITCOIN KILL ZONES v2 ) and the...