CREDITS to @HPotter for the orginal code.
CREDITS to @Yo_adriiiiaan for recently publishing the UT Bot study based on the original code -
I just added some simple code to turn it into a strategy. Now, anyone can simply add the strategy to their chart to see the backtesting results!
While @Yo_adriiiiaan mentions it works best on a 4-hour timeframe or above, I...
Convergence of Multiple period Rates of Change near the Zero line shows contraction in volatility.
Soon we can expect expansion in volatility.
Ideal strategy would be to buy ATM Straddles when different period ROCs converge near Zero line.
(Also check implied volatility of options before going for this strategy)
Once market opens, the strategy calculates the price to send a stop buy order
The order is calculated as the sum of yesterday's range multiplied by a special number and today's open price
System has no stops yet
System closes the position on session close
The performance is quite good
Feel free to use it and trade it
Good luck and good trading
Relative Volume or RVOL is an indicator used to help determine the amount of volume change over a given period of time.
It is often used to help traders determine how in-play a ticker is.
General rule of thumb is the higher the RVOL, the more in play a stock is.
I myself like to use it as a substitute of the volume indicator itself.
This is almost the same strategy that Alex Orekhov (everget) sells to unnoticed newbies... The only thing he added was a tool that analyses the better performance of the indicator, that is the difference from his script, and i dont have it here, what i have is what is freely distributed in many communities... But as i follow him for more than 1 year i saw that...
Here is an update with PS4 and a no repaint version.
As an trading example I have chosen XBTUSD on a 1 min time frame.
I think it works pretty well on the first glance.
But to know if it works a check over a longer time is necessary.
Thanks to alexgrover for the "Ratio OCHL Averager" script.
This indicator shows the percent change between the highs and the lows (or optionally the open and close) of each candle. You may also set a low and a high percent threshold to better highlight the candles that exceed your desired spread percent. Red signifies low spread, green is high spread - these are unrelated to the color of the candle body. There is also the...
The indicator is based on the RSI and the Absolute Strength Histogram (more specifically the modification by Jie).
It is meant to be used to filter out periods of consolidation, and determine if the bulls or bears are in control when there is enough action to possibly start a trend.
The RSI is not used to find overbought or oversold conditions, but to find...
This script is intented to visualize and schedule alarms on channels made by highs and lows of closing prices. Might be useful to let you know when prices break below or above the levels of the numbers of candles given by user.
Have fun trading,