Range
Gap finder (gold minds)This tool highlights where gaps happens and outlines in the chart where the gap zones are. If there is a gap up there is a green line, a gap down it is red. The gap zone is highlighted in blue. You can choose the size of your gap with the input menu to the desired size. Feel free to ask comment below. Made for the Gold Minds group
%ATR - TCTAThe enhanced version of %ATR of "codermua"
The %ATR calculated by EMA(red) , SMA(purple) and WMA(yellow) added to existing indicator which include only RMA(blue) calculation.
Range Action Verification Index (RAVI)Range Action Verification Index (RAVI) indicator script. This indicator was originally developed by Tushar Chande (see his book "Beyond Technical Analysis: How to Develop and Implement a Winning Trading System").
True Rolling Pivot Range IndicatorHere is the actual 3 day rolling pivot range indicator as detailed in Mark Fisher's book The Logical Trader.
Day25RangeDay25Range(1) - Plot on the candle the 25% low range of the daily price. This helps to show when the current price is at or below the 25% price range of the day. Best when used with other indicators to show early wakening strength in price. On the attached chart, if you look at Jan 23, 2018 you will see a red candle that closed below the 25% mark of the trading day. For that day the 25% mark was at 38.66 and the close of the day was at 38.25 That indicators a potential start of a strong swing trade down. A second signal was given on Jan 25, 2018 when a red candle closed (37.25) below the 25% mark (38.08) again. Within the next few days a third weak indicator signaled on Jan 30,2018 with a close (35.88) below the Day25Range (37.46). price continued down from there for the next 4 days before starting to reverse. If the price closes below the 25% daily range as shown on the Day25Range(1) indicator, this could indicate a possible start of weakening in the price movement.
Day25RangeDay25Range(1) - I use this indicator to show where the lower 25% daily range of a stock is. This helps to show weakness in a stock during the trading day. I use this indicator with a CIRCLE or DOT plotted on the candle. Makes it easy to show weakness during the trading day.
Day75RangeDay75Range(1) use to plot the 75% range of a trading day. I use a CIRCLE or DOT to indict the 75% range of the trading day.
SL/TP assistantThis is a simple script to quickly see changes in % in each candle.
In blue open/close variation. In red Histogram with range between high and low.
This helps me understand very quickly what's the typical change in % for a specific timeframe/pair, so I can fine tune my Stop Losses and Take Profits.
Volume Weighted Average Range Bands [DW]This is an experimental study designed to identify the underlying trend bias and volatility of an instrument over any custom interval TradingView supports.
First, reset points are established at points where the opening price of the interval changes.
Next, Volume Weighted Average Price (VWAP) is calculated. It is the cumulative sum of typical price times volume divided by the cumulative volume. The cumulation starts over upon each reset point.
After that, Volume Weighted Average Range (VWAR) is calculated. The formula structure is the same as VWAP, except using range rather than typical price.
Lastly, the bands are calculated by multiplying the VWAR by the specified multiplier (approximate Golden Ratio by default) and by 1 through 5, then adding to and subtracting from the VWAP.
Custom Bar Colors are included.
Renko Price Bars Overlay// Shows the price renko bars (or range bars) instead of the PERIOD renko
// bars that are integrated into Trading View. The normal renko bars that
// Trading View offers only consider the drawing of a new brick when the
// price closes above or below the required brick size. This can produce
// misleading charts since depending on the time interval of a chart, new
// bricks may or may not be drawn. True price renko bars will draw a new
// brick immediately upon the price exceeding the next target brick size.
// When running this script in "Traditional" mode, the painting of the
// brick overlay band is INDEPENDENT of the chart interval. If price
// exceeds the required target price for the next brick, the band is
// updated immediately, instead of waiting for the price bar on the chart
// interval to close first. The brick starting anchor point will attempt
// to be a "nice number" at a round interval for the chart ticker. For
// example, if viewing EURUSD with the box size equal to 50 ticks/pips,
// the open and close prices will take the form of 1.2100, 1.2150, 1.2200,
// 1.2250, and so on. This is the same behavior as the normal traditional
// Renko bars in Trading View and other major trading platforms such as
// Meta Trader.
// Use the tick size in traditional mode to specify the block size, in
// ticks. This may give interesting results in FOREX pairs... as the tick
// size in Trading View may be 0.00001 instead of the normal pip size of
// 0.0001, so a 10 pip block size may be '100', and not the expected '10'.
// FOREX futures should work in the manner expected, a 10 pip block size
// will indeed equal 0.0010.
// The "ATR" mode functions differently than the Trading View built in
// version. The block size is updated each time the range is exceeded.
// In Trading View, when using the ATR mode, the ATR is the last ATR
// value calculated on the ENTIRE data interval, and is applied to all
// past data. You can see this when you press the '+' sign of the ticker
// in the top left of the chart window and you will see the brick size
// as a constant, the brick size is not a function of the ever changing
// ATR value of the price action. The block size of this script is not
// updated for each price candle (i.e. each 1HR on a 1HR chart), instead
// it is updated only when the price thresholds are exceeded requiring a
// the band to be updated. At that point the current ATR is considered
// and the brick size is updated.
// Options exist to show the current high and low of the brick, and to
// show the required levels that the price must exceed to draw a new
// brick and update the band.
Please leave comments if you notice any bugs or would like any new features added. I don't find much use for plotting the H/L of the current renko candle, but I have seen some request it in the past.
Cheers.
MgGinley Dynamic Divergence [DW]This is an experimental study designed to visualize momentum and average range by expressing divergences between price and a McGinley Dynamic as a percentage.
Average Daily Range - without open barBasic ADR-indicator that is showing the daily range on lower timeframes as well, without using the current open daily bar for calculation.
Also plots as line in a separate indicator window. Updates displayed value when hovering over the candles on the chart to see historical Numbers.
Average True Range - without open barBasic ATR without the current open bar in progress, it calculates the closed bars within the chosen ATR Period
MTF Previous Open/Close/RangeThis indicator will simply plot on your chart the Daily/Weekly/Monthly previous candle levels.
The "Auto" mode will allow automatic adjustment of timeframe displayed according to your chart.
Otherwise you can select manually.
Indicator plots the open/close and colors the high-low range area in the background.
Hope this simple indicator will help you !
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Up/Down Range MomentumThe Up/Down Range breaks the price range into an upward and a downward moving component, so we can easily turn it into a momentum oscillator. This script does just that.
You can find the Up/Down Range (UDR) indicator here:
Up/Down RangeMeasuring the difference between the highs and lows from the average, this measure can serve as a proxy for the volatility, just like the ATR.
However, it breaks the range into an upward and a downward moving component, so it also gives information about the current trend direction.
In fact, I turned it into a momentum indicator here:
Alan Kelland's BoxThose of you not familiar with Alan Kelland's trading method called the "Alan Square" or "DaBox" may find this indicator interesting. Here is a brief excerpt from the documentation:
Alan Kelland's Box Trading Method
A draw tool growing in popularity is the Alan Square, named after its inventor Alan Kelland. Alan's method is first and foremost price action. The square serves as a structure to create
Opportunities
Targets and
Protection
Percent change bar chart v 3.0 This histogram displays price or % change from previous bar.
Can be applied to any time frame.
06/01/2017
Added look back bars.
Bitcoin SpreadIt selects the min/max price for btc/usd from a set of exchanges and shows them on the chart. It is possible to add or remove exchanges by editing the source code
NR(X) IndicatorNarrow Range Indicator can help determine when a possible Break Out can occur through narrowing price action.
The diamonds above the bar shows the bar to completed the Narrowest Range (high - low) of your selected time period. The default period is 7 but can be changed through the inputs. The next bar will indicate with a label weather it is a predicted Break UP (Green label) or Break Down (Red label).
The original creator of this style of indicator (thepatternsite.com) even admits the accuracy is only around 50%. To help increase those odds I combined his original work with an ATR(x) to help guesstimate the direction of breakout based on overall trend direction.
