Hello traders. I created this simple indicator to use as a FILTER. He does not provide any operational signals but tells us if we are in a period of volatility compression or expansion and it can work on all market. This filter works great for all strategies that work on breakouts The concept is this: I will enter at breakout of a price level that I consider...
This strategy uses Renko, it generates a signal when there is a reversal in Renko. When using historical data, it provides a good entry and an okay exit. However, in a real-time environment, this strategy is subject to repaint and may produce a false signal. As a result, the backtesting result should not be used as a metric to predict future results. It is highly...
This pine script calculates percent volatility momentum, negative percent volatility and positive percent volatility. The blue line is the overall momentum of the current percent volatility trend. The red line only includes negative movements in the percent volatility of the source. The green line includes only positive movements of the percent volatility of the...
=== Musashi-Fractal-Dimension === This tool is part of my research on the fractal nature of the markets and understanding the relation between fractal dimension and chaos theory. To take full advantage of this indicator, you need to incorporate some principles and concepts: - Traditional Technical Analysis is linear and Euclidean, which makes very...
The Welford method is an algorithm for calculating the running average and variance of a series of numbers in a single pass, without the need to store all the previous values. It works by maintaining an ongoing running average and variance, updating them with each new value in the series. The running average is updated using a simple formula that adds the new...
-shows week-on-week % change, and 10yr averages of these % changes -scan across the 10yr averages to get a good idea of the seasonality of an asset -best used on commodities with strong seasonal tendencies (Gold, Wheat, Coffee, Lean hogs etc) -works only on daily timeframe -by default it will compare SMA(length) in the following way, BTC: Sunday cf previous Sunday...
Volatility and Fibonacci table helps to identify support and resistance for the day/week. Similarly, the CPR (Central Pivot Range) table helps to identify the support and resistance for the day/week. Additionally use SUpertrend and EMA to identify trends. Disclaimer: This indicator is for educational or study purposes. There is no recommendation to buy or sell...
This simple script creates a moving average system weighted by volatility. The moving averages are less sensitive to price action than the typical moving averages we use, and their crossovers can be used to identify extended trends. I've colored the background depending on trend. Ideally in the future, I'll draw long or short signals on-chart depending on the...
🎲 Concept Zigzag is built based on the price and number of offset bars. But, in this experiment, we build zigzag based on different bands such as Bollinger Band, Keltner Channel and Donchian Channel. The process is simple: 🎯 Derive bands based on input parameters 🎯 High of a bar is considered as pivot high only if the high price is above or equal to upper...
Coefficient of variation (“COV”) is a statistical measure used to describe the variability of values within a data set, it’s calculated by taking the standard deviation divided by the mean. Traditionally, COV is applied to the expected returns of competing investment portfolios. A risk adverse investor prefers to accept a portfolio with a relatively lower COV...
The Oscillator Extremes indicator plots the normalized positioning of the selected oscillator versus the Bollinger Bands' upper and lower boundaries. Currently, this indicator has four different oscillators to choose from; RSI, CMO, CCI, and ROC. When the oscillator pushes towards one extreme, it will bring the value of the prevailing line closer to zero. If...
Description: An indicator based on ATR adjusted for volatility of the market. It uses Heikin Ashi data to find short and long opportunities and displays a dynamic stop loss level. Additionally, it has alerts for when the trend changes (which is an entry signal). How it works: It works by dynamically calculating the Period for ATR which depends on current...
💡 Objective This script is a rebuild of the pre-existing ATR indicator, with improvements and fine-tuning. 🪄Improvements 1. Normalization option (range 0 to 100) 2. Optional calculation of the ratio between current volatility and average volatility 3. Optional smoothing 4. Show a moving average 5. Show Bollinger Bands with 3 bands 6. Change bar...
This indicator shows real-time current day-to-day performance of 18 different indices and commodities . Here is the list of different sector ETFs that this indicator tracks /////INDEX////// 1. BİST-100 - XU0100 - TR- Index 2. BİST-30 - XU030 - TR - Index 3. VİOP-30 - XU030D1! - Index 4. DJI - Dow Jones - Index 5. DAX - DAX Index 6. VIX - Volatilite S&P...
This is a time based strategy, designed to enter and exit within the same day of the week, using different hours for entry and exit. The script is long only direction, and it has no risk management inside, so use it with caution. At the same time you can also calculate each individual hour return within a certain day, and make your own idea about the best...
We took the original script Cumulative delta volume from LonesomeTheBlue, here is the link: To understand the CDV you can watch traders reality master class about CDV. This indicator show the ratio of vector color and the ratio of the cumulative delta volume from vector color. First you select a date range on the chart. Then it calculate all candles in that...
hi there, fellows. this is a very simple and quite straightforward indicator. so far the simplest we've built. on what it does in regard to current chart and timeframe it plots a. Open - Close as a percentage of the Open (we regard open as more relevant than close, for as you can use latest estimates in current candle) in daily change coloring (so one may have...