It's a useful script for pairs where you can operate long and short.
It's a combination algorithm of the Range filter and the ADX.
The ADX helps to make the decision to enter to open long or short position.
LG --> Long
xL --> Close Long position
ST --> Short
xS --> close Short Position
Simple script for showing the high/low/midrange of a session. By default configured to do the Daily range using the "regular" session. But it's configurable. For example on this chart I am showing the Weekly range.
This long only strategy determines when there is both a NR7 (narrow range 7, a trading day in which the range is narrower than any of the previous six days), plus a inside day (high of the current day is lower than the high of the previous day and the low of the current day is higher than the low of the previous day) both on the same trading day and enters a long...
Opening Range Breakout setup for day trading + levels/trends from higher timeframes.
This started from Chris Moody's classic script (), however profit targets have been changed, and new ones are ploted once TPs are broken. Includes candle colors for easier visualization,...
B3 Extended Stochastic ~ This is my personal take on the standard "Stochastic Full" study that most platforms natively carry. However, this is slightly more powerful. The simple difference is that in a normal stochastic indicator, 0 and 100 are the minimum and maximum values. Here there is no min/max, hence the title "Extended Stochastic." When extended beyond...
A range based on a user chosen top and bottom. With that the:
Middle of range
+/- 0.25% / 0.5% / 1% away from middle of the range
+/- 0.5% / 1% away from range top and range bottom
A list of my premium indicators: medium.com
Below are some examples of how a range can be...
Creates an upper and lower level based on the ATR for your selected period. Calculation is based on the following;
Shift Variable works by allowing calculation from x-periods back.
Upper band = (Daily Low + ATR)
Lower Band = (Daily High - ATR)
This script tries to identify trending regions and ranging choppy regions.
Green areas are trends; Red areas are consolidation areas.
If you are a trend follower trader you should focus on green areas;
If you are a harmonic pattern trader you should focus on red areas.
I did not play with the parameters extensively, but as a rule of thumb higher parameters...
To add this indicator to your charts:
Click the 'Add to Favorite Scripts' button down below this description.
This simple indicator is merely for displaying mulitple ATR ranges at a glance on one chart.
Each ATR is completely configurable:
Length - to base the ATR on
Timeframe - 'Chart' uses the current chart resolution; other timeframes are...
This is the Donchian Channel expressed with a percentage cloud. Default 12.5% of the range will be filled at each edge, this helps to show reversal possibilities as price returns to the area between the clouds. This offers a usage to essentially fade the turtle trader system. That system is loosely based on the playing of the breakouts of the the channel... as...