rangetrading

This script averages the range of the previous 5 sessions and displays it on the chart The sessions are adjustable

// 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,...

DESCRIPTION Forex Master v4.0 is a mean-reversion algorithm currently optimized for trading the EUR/USD pair on the 5M chart interval. All indicator inputs use the period's closing price and all trades are executed at the open of the period following the period where the trade signal was generated. There are 3 main components that make up Forex Master v4.0:...

This is the Market Mean index. It is used to identify if the market is really trending or if it is range bound(random). In theory, a random sample will be mean reverting 75% of the time. This indicator checks to see what how much the market is mean reverting and converts it to a percentage. If the index is around 75 or higher than the price curve of the market is...

Here is the actual 3 day rolling pivot range indicator as detailed in Mark Fisher's book The Logical Trader.

Previous 7 Candle Range Indicator.

Part of my strategy involves entering a trade based on a candle on a 5-min chart being < 2% (ignoring major volatility). I got tired of calculating the range of a single candle either in my head or on a calculator, so I wrote this up. Feel free to share it. Shows the %move of any single candle, default horizontal lines are 1% & 2%, can be changed by clicking...

This one is a bit of an experiment.. The theory is, if you have an asset that you firmly believe will rise in the future for fundamental reasons and are happy to hold until that happens i.e. a be a position trader, you can take advantage of market volatility at the same time in a relatively safe way, so theoretically, you profit when the price goes up or...