ATR VisualizerAdvance Your Market Analysis with the True Range Indicator
The True Range Indicator is a sophisticated screener meticulously developed to bolster your trading execution by presenting an exceptional understanding of the market direction. The centerpiece of this instrument is a distinctive candle configuration depicting the Average True Range (ATR) and the Bear/Bull range. However, it traverses beyond the conventional channels to offer specific market settings to boost your trading decisions.
User-Defined Settings
Broadly, the indicator offers five dynamic settings:
Bear/Bull Range
The Bear/Bull Range outlines the ATR for each candle type - bearish and bullish - and then smartly opts for the pertinent one based on the prevalent market circumstances. This feature aids in comparing the range of bullish and bearish candlesticks, which deepens your understanding of the price action and volatility.
Bearish Range
The Bearish Range isolates and computes the ATR for bearish candles solely. Utilizing this option spots the bear-dominated periods and provides insights about potential market reversals or downward continuations.
Bullish Range
Opposite to the Bearish Range, the Bullish Range setting tabulates the ATR exclusively for bullish candles. It assists in tracking the periods when bulls control, enlightening traders about the possibility of upward continuations or trend reversals.
Average Range
The Average Range provides an unbiased measure of range without prioritizing either bull or bear trends. This model is ideal for traders looking for a holistic interpretation of market behavior, regardless of direction.
Cumulative Average Range
Equally significant is the Cumulative Average Range which calculates the aggregate moving average of the true ranges for an expressed period. This setting is extremely valuable when evaluating the long-term volatility and spotting potential breakouts.
Dual Candle Configuration
Going a step ahead, the True Range Indicator uniquely offers the possibility to incorporate more than one candle estimate on your screen. This ensures simultaneous analysis of multiple market dynamics, thereby enhancing your trading precision multifold.
Concluding Thoughts
In essence, the True Range Indicator is an indispensable companion for traders looking to not only leverage market volatility but also make educated predictions. Equipped with an array of insightful market settings and the ability to display dual candle estimates on-screen, you can customize the functionality to suit your unique trading style and magnify your market performance dramatically.
Volatilidade
Simple Grid Lines VisualizerAbout Grid Bots
A grid bot is a type of trading bot or algorithm that is designed to automatically execute trades within a predefined price range or grid. It is commonly used in markets that exhibit ranging or sideways movement, where prices tend to fluctuate within a specific range without a clear trend.
The grid bot strategy involves placing a series of buy and sell orders at regular intervals within the predefined price range or grid. The bot essentially creates a grid of orders, hence the name. When the price reaches one of these levels, the bot will execute the corresponding trade. For example, if the price reaches a predefined lower level, the bot will buy, and if it reaches a predefined upper level, it will sell.
The purpose of the grid bot strategy is to take advantage of the price oscillations within the range. As the price moves up and down, the bot aims to generate profits by buying at the lower end of the range and selling at the higher end. By repeatedly buying and selling at these predetermined levels, the bot attempts to capture gains from the price fluctuations.
About this Script
Simple Grid Lines Visualizer is designed to assist traders in visualizing and implementing automated price grids on their charts. With just a few inputs, this script generates gridlines based on your specified top price, bottom price, and the number of grids or profit per grid.
How it Works:
Specify Top and Bottom Prices: Start by setting the top and bottom prices that define the range within which the gridlines will be generated. These prices can be based on support and resistance levels, historical data, or any other factors you consider relevant to your analysis.
Determine Grid Parameters: Choose either the number of grids or profit per grid, depending on your preference and trading strategy. If you select the number of grids, the script will evenly distribute the gridlines within the specified price range. Alternatively, if you opt for profit per grid, the script will calculate the price increment required to achieve your desired profit level per grid.
Note that when choosing Profit per Grid , an approximation usually is performed, as all grid lines must be evenly distributed. To achieve that, the script computes the grid distance using the mean price between top and bottom, then computes how many of those complete distances may enter the entire range, and lastly, creates a grid with evenly distributed distances as close as possible to the previously computed.
Customize Styling and Display: Adjust the line color, line style, transparency, and other visual aspects to ensure clear visibility on your charts.
Analyze and Trade: Once the gridlines are plotted on your chart, carefully observe how the market interacts with them. The gridlines can act as reference points for potential support and resistance levels, as well as simple buy/sell orders for a trading bot.
Try to find gridlines that intersect prices as frequently as possible from one to another.
A grid with too many lines will make lots of potential trades, but the amount traded will be minimal (as the total amount invested is divided over the number of grids).
A grid with too few lines will make lots of profits with each trade, but the trades will be less likely to occur (depending on the top/bottom distance).
This tool aims to help visually which grid parameters seem to optimize this problem.
Future versions may include automatic profit computation.
Dynamic Trend RipperThe "Dynamic Trend Ripper" indicator is designed to identify dynamic support and resistance levels based on exponential moving averages (EMA) and the average true range (ATR). It aims to assist traders in identifying potential trading opportunities by visualizing dynamic support and resistance areas on the price chart. Think of it as more of overbought or oversold areas then true support and resistance,
The indicator calculates two sets of EMAs: two for the top cloud and two for the bottom cloud. The lengths of these EMAs are determined by user-defined input parameters. Additionally, the indicator uses the ATR to adjust the EMAs, enhancing their effectiveness as dynamic support and resistance levels.
The top cloud is formed by adding the ATR to the top fast EMA and subtracting the ATR from the top slow EMA. The bottom cloud is formed by subtracting the ATR from the bottom fast EMA and adding the ATR to the bottom slow EMA.
The indicator plots the dynamic OB (Overbought) level, which is the top fast EMA plus the ATR multiplied by the OBOS multiplier. It also plots the dynamic OS (Oversold) level, which is the top slow EMA minus the ATR multiplied by the OBOS multiplier. These levels are visualized using colored lines on the chart.
The top fast EMA, top slow EMA, bottom fast EMA, and bottom slow EMA are also plotted on the chart. The area between the top slow EMA and top fast EMA is filled with a color, forming the top cloud. The area between the bottom fast EMA and bottom slow EMA is filled with another color, forming the bottom cloud. The color of the clouds changes based on the relationship between the top fast EMA and top slow EMA. If the Regular Fast EMA is greater than the Regular slow EMA, indicating a bullish trend, the clouds are displayed in green. Otherwise, if the top fast EMA is less than the top slow EMA, indicating a bearish trend, the clouds are displayed in red.
The indicator can be used to identify potential support and resistance zones where the price may encounter obstacles or reverse its direction. Traders can look for price interactions with the dynamic support and resistance levels, as well as the OB and OS levels, to make trading decisions. For example, a trader might consider entering a short trade when the price approaches the top cloud, or a long trade when the price bounces off the bottom cloud.
By incorporating the ATR, which measures volatility, the indicator adjusts the EMAs to adapt to changing market conditions. Traders can watch for price reactions or reversals near these levels to gauge potential overextension or exhaustion in the price movement. I'm not going to claim this as my own idea, but I will say that I came up with this version myself. I haven't seen anyone else take this approach which is why I think it can be revolutionary to trading.
EXTREME OVERBOUGHT/SOLD BANDS
ATR-ADJUSTED EMA'S
Z-Score Heikin-Ashi TransformedThe Z-Score Heikin-Ashi Transformed (𝘡 𝘏-𝘈) indicator is a powerful technical tool that combines the principles of Z-Score and Heikin Ashi to provide traders with a smoothed representation of price movements and a standardized measure of market volatility.
The 𝘡 𝘏-𝘈 indicator applies the Z-Score calculation to price data and then transforms the resulting Z-Scores using the Heikin Ashi technique. Understanding the individual components of Z-Score and Heikin Ashi will provide a foundation for comprehending the methodology and unique features of this indicator.
Z-Score:
Z-Score is a statistical measure that quantifies the distance between a data point and the mean, relative to the standard deviation. It provides a standardized value that allows traders to compare different data points on a common scale. In the context of the 𝘡 𝘏-𝘈 indicator, Z-Score is calculated based on price data, enabling the identification of extreme price movements and the assessment of their significance.
Heikin Ashi:
Heikin Ashi is a popular charting technique that aims to filter out market noise and provide a smoother representation of price trends. It involves calculating each candlestick based on the average of the previous candle's open, close, high, and low prices. This approach results in a chart that reduces the impact of short-term price fluctuations and reveals the underlying trend more clearly.
Methodology:
The 𝘡 𝘏-𝘈 indicator starts by calculating the Z-Score of the price data, which provides a standardized measure of how far each price point deviates from the mean. Next, the resulting Z-Scores are transformed using the Heikin Ashi technique. Each Z-Score value is modified according to the Heikin Ashi formula, which incorporates the average of the previous Heikin Ashi candle's open and close prices. This transformation smooths out the Z-Score values and reduces the impact of short-term price fluctuations, providing a clearer view of market trends.
This tool enables traders to identify significant price movements and assess their relative strength compared to historical data. Positive transformed Z-Scores indicate that prices are above the average, suggesting potential overbought conditions, while negative transformed Z-Scores indicate prices below the average, suggesting potential oversold conditions. Traders can utilize this information to identify potential reversals, confirm trend strength, and generate trading signals.
Utility:
The indicator offers valuable insights into price volatility and trend analysis. By combining the standardized measure of Z-Score with the smoothing effect of Heikin Ashi, traders can make more informed trading decisions and improve their understanding of market dynamics. 𝘡 𝘏-𝘈 can be used in various trading strategies, including identifying overbought or oversold conditions, confirming trend reversals, and establishing entry and exit points.
Note that the 𝘡 𝘏-𝘈 should be used in conjunction with other technical indicators and analysis tools to validate signals and avoid false positives. Additionally, traders are encouraged to conduct thorough backtesting and experimentation with different parameter settings to optimize the effectiveness of the indicator for their specific trading approach.
Key Features:
Optional Reversion Doritos
Adjustable Reversion Threshold
2 Adjustable EMAs
Example Charts:
See Also:
On Balance Volume Heikin-Ashi Transformed
Moving Average-TREND POWER v2.0-(AS)HELLO:
-This indicator is a waaaay simpler version of my other script - Moving Average-TREND POWER v1.1-(AS).
HOW DOES IT WORK:
-Script counts number of bars below or above selected Moving Average (u can se them by turning PLOT BARS on). Then multiplies number of bars by 0.01 and adds previous value. So in the uptrend indicator will be growing faster with every bar when price is above MA. When MA crosess price Value goes to zero so it shows when the market is ranging.
If Cross happens when number of bars is higher than Upper threshold or below Lower threshold indicator will go back to zero only if MA crosses with high in UPtrend and low in DNtrend. If cross happens inside THSs Value will be zero when MA crosses with any type of price source like for example (close,high,low,ohlc4,hl etc.....).This helps to get more crosess in side trend and less resets during a visible trend
HOW TO SET:
Just select what type of MA you want to use and Length. Then based on your preference set values of THSs'
OTHER INFORMATIONS:
-Script was created and tested on EURUSD 5M.
-For bigger trends choose slowerMAs and bigger periods and the other way around for short trends (FasterMAs/shorter periods)
-Below script code you can find not used formulas for calculating indicator value(thanks chat GPT), If you know some pinescript I encourage you to try try them or maybe bulid better ones. Script uses most basic one.
-Pls give me some feedback/ideas to improve and check out first version. Its way more complicated for no real reason but still worth to take a look'
-Also let me know if you find some logical errors in the code.
Enjoy and till we meet again.
Moving Average - TREND POWER v1.1- (AS)0)NOTE:
This is first version of this indicator. It's way more complicated than it should be. Check out Moving Average-TREND POWER v2.1-(AS), its waaaaay less complicated and might be better.Enjoy...
1)INTRODUCTION/MAIN IDEA:
In simpliest form this script is a trend indicator that rises if Moving average if below price or falling if above and going back to zero if there is a crossover with a price. To use this indicator you will have to adjust settings of MAs and choose conditions for calculation.
While using the indicator we might have to define CROSS types or which MAs to use. List of what cross types are defined in the script and Conditiones to choose from.The list will be below.
2) COMPOSITION:
-MA1 can be defined by user in settings, possible types: SMA, EMA, RMA, HMA, TEMA, DEMA, LSMA, WMA.
-MA2 is always ALMA
3) OVERLAY:
Default is false but if you want to see MA1/2 on chart you can change code to true and then turn on overlay in settings. Most plot settings are avalible only in OV=false.
if OV=true possible plots ->MA1/2, plotshape when choosen cross type
if OV=false -> main indicator,TSHs,Cross counter
4)PRESETS :
Indicator has three modes that can be selected in settings. First two are presets and do not require selecting conditions as they set be default.
-SIMPLE - most basic
-ABSOLUTE - shows only positive values when market is trending or zero when in range
-CUSTOM - main and the most advanced form that will require setting conditions to use in calculating trend
4.1)SIMPLE – this is the most basic form of conditions that uses only First MA. If MA1 is below selected source (High/Low(High for Uptrend and Low for DNtrend or OHLC4) on every bar value rises by 0.02. if it above Low or OHLC4 it falls by 0.02 with every bar. If there is a cross of MA with price value is zero. This preset uses CROSS_1_ULT(list of all cross types below)
4.2) ABSOLUTE – does not show direction of the trend unlike others and uses both MA1 and MA2. Uses CROSS type 123_ULT
4.3) CUSTOM – here we define conditions manually. This mode is defined in parts (5-8 of description)
5)SETTINGS:
SOURCE/OVERLAY(line1) – select source of calculation form MA1/MA2, select for overlay true (look point 3)
TRESHOLDS(line2). – set upper and lower THS, turn TSHs on/off
MA1(line3) – Length/type of MA/Offset(only if MA type is LSM)
MA2(line4) – length/offset/sigma -(remember to set ma in the way that in Uptrend MA2MA1 in DNtrend)
Use faster MA types for short term trends and slower types / bigger periods for longer term trends, defval MA1/2 settings
are pretty much random so using them is not recomended.
CROSSshape(line5) – choose which cross type you want to plot on chart(only in OV=true) or what type you want to use in counting via for loops,
CROSScount(line6) – set lookback for type of cross choosen above
BOOLs in lines 5 and 6 - plotshape if OV=true/plot CROSScount histogram (if OV=false)
Lines 7 and 8 – PRESET we want to use /SRC for calculation of indicator/are conditions described below/which MAs to use/Condition for
reducing value t 0 - (if PRESET is ABSOLUTE or SIMPLE only SRC should be set(Line 8 does not matter if not CUSTOM))
5)SOURCE for CONDS:
Here you can choose between H/L and OHLC. If H/L value grow when MAlow. If OHLC MAOHLC. H/L is set by default and recommended. This can be selected for all presets not only CUSTOM
6)CROSS types LIST:
“1 means MA1, 2 is MA2 and 3 I cross of MA1/MA2. L stands for low and H for high so for example 2H means cross of MA2 and high”
NAME -DEFINITION Number of possible crosses
1L - cross of MA1 and low 1
1H - cross of MA1 and high 1
1HL - cross of MA1 and low or MA1 and high 2 -1L/1H
2L - cross of MA2 and low 1
2H - cross of MA2 and high 1
2HL - cross of MA2 and low or MA1 and high 2 -2L/2H
12L - cross of MA1 and low or MA2 and low 2 -1L/2L
12H - cross of MA1 and high or MA2 and high 2 -1H/2H
12HL - MA1/2 and high/low 4 -1H/1L/2H/2L
3 -cross of MA1 and MA2 1
123HL -crosses from 12HL or 3 5 -12HL/3
1_ULT - cross of MA1 with any of price sources(close,low,high,ohlc4 etc…)
2_ULT - cross of MA2 with any of price sources(close,low,high,ohlc4 etc…)
123_ULT – all crosses possible of MA1/2 (all of the above so a lot)
7)CRS CONDS:
“conditions to reduce value back to zero”
>/< - 0 if indicator shows Uptrend and there’s a cross with high of selected MA or 0 if in DNtrend and cross with low. Better for UP/DN trend detection
ALL – 0 if cross of MA with high or low no matter the trend, better for detecting consolidation
ULT – if any cross of selected MA, most crosses so goes to 0 most often
8)MA selection and CONDS:
-MA1: only MA1 is used,if MA1 below price value grows and the other way around
MA1price =-0.02
-MA2 – only MA2 is used, same conditions as MA1 but using MA2
MA2price =-0.02
-BOTH – MA1 and MA2 used, grows when MA1 if below, grows faster if MA1 and MA2 are below and fastest when MA1 and MA2 are below and MA2price=-0.02
-MA1 and MA2 >price=-0.03
-MA1 and MA2 ?price and MA2>MA1=-0.04
9)CONDITIONS SELECTION SUMMARRY:
So when CUSTOM we choose :
1)SOURCE – H/L or OHLC
2)MAs – MA1/MA2/BOTH
3)CRS CONDS (>/<,ALL,ULT)
So for example...
if we take MA1 and ALL value will go to zero if 1HL
if MA1 and >/< - 0 if 1L or 1H (depending if value is positive or negative).(1L or 1H)
If ALL and BOTH zero when 12HL
If BOTH and ULT value goes back to zero if Theres any cross of MA1/MA2 with price or cross of MA1 and MA2.(123_ULT)
If >/< and BOTH – 0 if 12L in DNtrend or 12H if UPtrend
10) OTHERS
-script was created on EURUSD 5M and wasn't tested on different markets
-default values of MA1/MA2 aren't optimalized so do not
-There might be a logical error in the script so let me know if you find it (most probably in 'BOTH')
-thanks to @AlifeToMake for help
-if you have any ideas to improve let me know
-there are also tooltips to help
ATR DeltaThe ATR Delta indicator is based on the concept of Average True Range (ATR), which reflects the average price range over a specified period. By calculating the difference between current and previous ATR values, the ATR Delta provides valuable insights into volatility shifts in the market. This information can help traders identify periods of heightened or diminished price movement, enabling them to adjust their strategies accordingly.
The ATR Delta indicator consists of two main calculations:
-- ATR Calculation : The Average True Range (ATR) is calculated using the specified length parameter. It measures the average price range (including gaps) during that period. A larger ATR value indicates higher volatility, while a smaller value indicates lower volatility.
-- ATR Delta Calculation : The ATR Delta is calculated by subtracting the ATR value of the previous bar from the current ATR value. This calculation captures the change in volatility between the two periods, providing a measure of how volatility has evolved.
Positive ATR Delta values indicate an increase in volatility compared to the previous period. It suggests that price movements have expanded, potentially indicating a more active market. On the other hand, negative ATR Delta values indicate a decrease in volatility compared to the previous period. It suggests that price movements have contracted, potentially signaling a calmer or range-bound market.
The ATR Delta indicator uses coloration to visually represent the relationship between the ATR Delta, zero, and a signal line:
-- Green color is assigned when the ATR Delta is positive, above the signal line, and increasing. This coloration suggests a scenario of higher volatility, as the market is experiencing upward momentum in price swings.
-- Red color is assigned when the ATR Delta is negative, below the signal line, and decreasing. This coloration suggests a scenario of lower volatility, as the market is experiencing downward momentum in price swings.
-- Gray color is assigned for other cases when the ATR Delta and signal line relationship does not meet the above conditions.
These colors are reflected in the columns of the ATR Delta as well as the bar coloration.
The ATR Delta indicator includes a signal line, which acts as a reference for interpreting the ATR Delta values. The signal line is calculated as a moving average (EMA) of the ATR Delta over a specified length. It helps smooth out the ATR Delta fluctuations, providing a clearer indication of the underlying trend in volatility changes. When the ATR Delta crosses above the signal line, it may suggest a potential increase in volatility, indicating a market that is becoming more active. Conversely, when the ATR Delta crosses below the signal line, it may suggest a potential decrease in volatility, indicating a market that is becoming less active.
The coloration of the signal line in the ATR Delta indicator helps to differentiate between positive and negative values and provides further insight into market sentiment. When the signal line is positive, indicating increasing volatility, it is colored lime. This color choice reinforces the bullish sentiment and signifies potential opportunities for trend continuation or breakouts. On the other hand, when the signal line is negative, indicating decreasing volatility, it is colored fuchsia. This color choice highlights the bearish sentiment and suggests potential range-bound or consolidation periods. These colors are reflected in the background of the indicator.
The ATR Delta indicator offers several potential applications for traders:
-- Volatility Analysis : The ATR Delta is invaluable for understanding and analyzing volatility dynamics in the market. Traders can observe the changes in ATR Delta values and use them to assess the current level of price movement. This information can help determine the appropriate strategies and risk management approaches.
-- Breakout Strategies : Traders often use the ATR Delta to identify periods of increased volatility, which frequently accompany breakouts. By monitoring the ATR Delta, traders can anticipate potential price breakouts and adjust their entry and exit levels accordingly.
-- Trend Confirmation : Combining the ATR Delta with trend-following indicators allows traders to validate the strength of a trend. Higher ATR Delta values during an uptrend may indicate stronger momentum and a higher likelihood of continuation. Conversely, lower ATR Delta values during a downtrend may suggest a potential consolidation phase or trend reversal.
Limitations :
-- Lagging Indicator : The ATR Delta indicator is based on historical data and calculates the difference between current and previous ATR values. As a result, it may lag behind real-time market conditions. Traders should be aware of this delay and consider it when making trading decisions. It is advisable to combine the ATR Delta with other indicators or price action analysis for a more comprehensive assessment of market conditions.
-- Parameter Sensitivity : The ATR Delta indicator's effectiveness can be influenced by the selection of its parameters, such as the length of the ATR and signal line. Different market conditions may require adjustments to these parameters to better capture volatility changes. Traders should carefully test and optimize the indicator's parameters to align with the characteristics of the specific market or asset they are trading.
-- Market Regime Changes : The ATR Delta indicator assumes that volatility changes occur gradually. However, in rapidly changing market regimes or during news events, volatility can spike or drop abruptly, potentially rendering the indicator less effective. Traders should exercise caution and consider using additional tools or techniques to identify and adapt to such market conditions.
The ATR Delta indicator is a valuable tool for traders seeking to analyze and monitor volatility dynamics in the market. By calculating the difference between current and previous ATR values, it provides insights into changes in price movement and helps identify periods of increased or decreased volatility. Traders can leverage the ATR Delta to fine-tune their strategies, validate trend strength, and identify potential breakout opportunities. However, it is essential to recognize the limitations of the indicator, including its lagging nature and sensitivity to parameter selection. By combining the ATR Delta with other technical analysis tools and applying sound risk management practices, traders can enhance their decision-making process and potentially improve their trading outcomes.
REVE Cohorts - Range Extension Volume Expansion CohortsREVE Cohorts stands for Range Extensions Volume Expansions Cohorts.
Volume is divided in four cohorts, these are depicted in the middle band with colors and histogram spikes.
0-80 percent i.e. low volumes; these get a green color and a narrow histogram bar
80-120 percent, normal volumes, these get a blue color and a narrow histogram bar
120-200 percent, high volume, these get an orange color and a wide histogram bar
200 and more percent is extreme volume, maroon color and wide bar.
All histogram bars have the same length. They point to the exact candle where the volume occurs.
Range is divided in two cohorts, these are depicted as candles above and below the middle band.
0-120 percent: small and normal range, depicted as single size, square candles
120 percent and more, wide range depicted as double size, rectangular candles.
The range candles are placed and colored according to the Advanced Price Algorithm (published script). If the trend is up, the candles are in the uptrend area, which is above the volume band, , downtrend candles below in the downtrend area. Dark blue candles depict a price movement which confirms the uptrend, these are of course in the uptrend area. In this area are also light red candles with a blue border, these depict a faltering price movement countering the uptrend. In the downtrend area, which is below the volume band, are red candles which depict a price movement confirming the downtrend and light blue candles with a red border depicting price movement countering the downtrend. A trend in the Advanced Price Algorithm is in equal to the direction of a simple moving average with the same lookback. The indicator has the same lagging.as this SMA.
Signals are placed in the vacated spaces, e.g. during an uptrend the downtrend area is vacated.
There are six signals, which arise as follows:
1 Two blue triangles up on top of each other: high or extreme volume in combination with wide range confirming uptrend. This indicates strong and effective up pressure in uptrend
2 Two pink tringles down on top of each other: high or extreme volume in combination with wide range down confirming downtrend. This indicates strong and effective down pressure in downtrend
3 Blue square above pink down triangle down: extreme volume in combination with wide range countering uptrend. This indicates a change of heart, down trend is imminent, e.g. during a reversal pattern. Down Pressure in uptrend
4 Pink square below blue triangle up: extreme volume in combination with wide range countering downtrend. This indicates a change of heart, reversal to uptrend is imminent. Up Pressure in downtrend
5 single blue square: a. extreme volume in combination with small range confirming uptrend, b. extreme volume in combination with small range countering downtrend, c. high volume in combination with wide range countering uptrend. This indicates halting upward price movement, occurs often at tops or during distribution periods. Unresolved pressure in uptrend
6 Single pink square: a extreme volume in combination with small range confirming downtrend, b extreme volume in combination with small range countering uptrend, c high volume in combination with wide range countering downtrend. This indicated halting downward price movement. Occurs often at bottoms or during accumulation periods. Unresolved pressure in downtrend.
The signals 5 and 6 are introduced to prevent flipping of signals into their opposite when the lookback is changed. Now signals may only change from unresolved in directional or vice versa. Signals 3 and 4 were introduced to make sure that all occurrences of extreme volume will result in a signal. Occurrences of wide volume only partly lead to a signal.
Use of REVE Cohorts.
This is the indicator for volume-range analyses that I always wanted to have. Now that I managed to create it, I put it in all my charts, it is often the first part I look at, In my momentum investment system I use it primarily in the layout for following open positions. It helps me a lot to decide whether to close or hold a position. The advantage over my previous attempts to create a REVE indicator (published scripts), is that this version is concise because it reports and classifies all possible volumes and ranges, you see periods of drying out of volume, sequences of falter candles, occurrences of high morning volume, warning and confirming signals.. The assessment by script whether some volume should be considered low, normal, high or extreme gives an edge over using the standard volume bars.
Settings of REVE Cohorts
The default setting for lookback is ‘script sets lookback’ I put this in my indicators because I want them harmonized, the script sets lookback according to timeframe. The tooltip informs which lookback will be set at which timeframe, you can enable a feedback label to show the current lookback. If you switch ‘script sets lookback’ off, you can set your own preferred user lookback. The script self-adapts its settings in such a way that it will show up from the very first bar of historical chart data, it adds volume starting at the fourth bar.
You can switch off volume cohorts, only range candles will show while the middle band disappears. Signals will remain if volume is present in the data. Some Instruments have no volume data, e.g. SPX-S&P 500 Index,, then only range candles will be shown.
Colors can be adapted in the inputs. Because the script calculates matching colors with more transparency it is advised to use 100 percent opacity in these settings.
Take care, Eykpunter
VIX Monitor [Zero54]NSE:BANKNIFTY1!
This is a simple but invaluable tool for both day traders and positional traders. VIX is about market expectations of volatility
The VIX is a very good and sound measure of risk in the markets. It gives these stock traders who are in intraday trading and short term traders an idea of whether the volatility is going up or going down in the market. They can calibrate their strategy accordingly. When the volatility is likely to shoot up sharply, the intraday traders run the risk of stop losses getting triggered quickly. Hence they can either reduce their leverage or they can widen their stop losses accordingly.
Also if you notice VIX is a very good and reliable gauge of index movement. If you plot the VIX and the Nifty movement you will see a clear negative correlation in the charts itself. Markets typically tend to peak out when the VIX is bottoming out and the markets tend to bottom out when the VIX is peaking out. This is a useful input for index trades.
You can use this simple indicator to monitor VIX real time. You can use it for short time frame intraday and also multi-hour, multi-day charts. You can also plot a moving average to gauge the VIX trend.
Also is the ability to monitor, Nifty and BankNifty the same way you are able to monitor the VIX (as explained above). The overall market moves in correlation with these main Indexes. So if you are trading a specific counter, you can also keep an eye on the index to get an idea where the counter may be going next.
The source code is open, please feel to modify or re-use as you feel it’s necessary. Any changes, improvements, bugs, please let me know.
Please like/boost this indicator and also add your comments, if you find it useful.
Volume-Weighted Supertrend Strategy [wbburgin]This is a script that can be used as a strategy or a standalone indicator.
The Volume-Weighted Supertrend is a supertrend based on a rolling VWAP, instead of a normal price source. The strategy has two components - a supertrend based off of this VWAP (shown on the chart) and a supertrend from volume itself (not plotted on the chart directly). The supertrend from volume is an example of my "Supertrend Any Source" indicator, where a custom ATR is created from non-OHLC data; this is available as both a separate public script and also in my "wbburgin_utils" library for you to use in your own script creation.
The supertrend from volume acts as a confirmation filter for the VWAP-supertrend shown on-chart. If the volume supertrend is trending up and the VWAP-based supertrend is also trending up, a buy signal is generated. Likewise, if the volume supertrend is trending down and the VWAP-supertrend is trending down, a sell signal is generated. The colors are based off of whether both supertrends are trending up or down: green for both up, blue for only price up, orange for only price down, and red for both down.
The settings enable you to change the volume length and the ATR length separately, as well as the multiplier and the source for the price supertrend. If you load the indicator for the first time and see no entries and exits, this is because "Show Strategy Entries and Exits" is disabled in the settings. This is if you plan on using the strategy as an indicator and don't want to be bothered by the entry and exit symbols on the chart. Additionally, for those who like clean charts (like me), you can turn all the labels off in the settings, as well as the highlighting.
My default strategy settings for the strategy results shown below are as follows: 5% equity per trade, 5 degrees of pyramiding, commissions of 0.08% per trade. This strategy doesn't come with stops yet, so please be aware of that before using it to trade - I highly suggest you create your own stops based off of your R/R ratio and personal risk tolerance. Additionally, it works best on trending assets (b/c of the supertrends) with high volume. This might mean it does not work as well on lower timeframes.
VIX, ATR, and Volatility Indicatorhere what the indictor do !
The "VIX, ATR, and Volatility Indicator" combines the Volatility Index (VIX), Average True Range (ATR), and moving averages to provide insights into market volatility.
VIX (Volatility Index):
The VIX measures the expected volatility in the market over the next 30 days. A higher VIX value indicates increased market volatility, while a lower value suggests lower volatility.
ATR (Average True Range):
The ATR is a technical indicator that measures the average range between high and low prices over a specified period. It provides a sense of the market's volatility by considering price movements. Higher ATR values indicate greater volatility, while lower values indicate lower volatility.
Moving Averages:
The indicator calculates both an Exponential Moving Average (EMA) and Simple Moving Average (SMA) with a specific period (e.g., 50).
Moving averages smooth out price data to identify trends and potential areas of support or resistance.
Volatility Detection:
By comparing the current closing price to the EMA and SMA, the indicator determines if there is high volatility.
If the current closing price is higher than either the EMA or SMA, it indicates potential high volatility.
Visualization:
The VIX and ATR are typically plotted on the chart, providing a visual representation of market volatility and price range.
Additionally, markers or labels may be used to highlight periods of high volatility when the current price exceeds the moving averages.
what are the VIX and ATR
Volatility Index (VIX):
Monitor the VIX value from financial platforms or market data providers. A higher VIX value indicates increased market volatility, suggesting potential trading opportunities. Conversely, a lower VIX value indicates lower volatility, which may influence your trading strategy.
Average True Range (ATR):
Calculate the ATR manually or use charting platforms that provide ATR as an indicator.
Plot the ATR on your trading chart to visualize the range of price movements.
Determine suitable entry and exit points based on ATR values. For example, higher ATR values may indicate larger potential price swings, while lower ATR values may suggest a more stable market.
how it work
Fetching VIX Data:
The request.security function is used to fetch the daily VIX data from the "CBOE:VIX" symbol. It retrieves the closing price of the VIX for each day.
Calculating ATR:
The ta.atr function calculates the Average True Range (ATR) with a period of 14. ATR measures the average range between the high and low prices over the specified period, providing an indication of market volatility.
Calculating Moving Averages:
Two types of moving averages are calculated: Exponential Moving Average (EMA) and Simple Moving Average (SMA). Both moving averages are calculated using a period of 50, but you can adjust the period as needed.
The ta.ema function calculates the Exponential Moving Average, which places greater weight on recent prices.
The ta.sma function calculates the Simple Moving Average, which gives equal weight to all prices in the period.
Identifying High Volatility:
The indicator determines if there is high volatility by comparing the current closing price to both the EMA and SMA.
If the current closing price is higher than either the EMA or SMA, the isHighVolatility variable is set to true, indicating potential high volatility.
Plotting the Indicators:
The VIX and ATR are plotted using the plot function, assigning colors and line widths for visual differentiation.
The plotshape function is used to plot markers below the bars to indicate highly volatile periods. The isHighVolatility variable determines when the markers appear.
ATR Momentum [QuantVue]ATR Momentum is a dynamic technical analysis tool designed to assess the momentum of a securities price movement. It utilizes the comparison between a faster short-term Average True Range (ATR) and a slower long-term ATR to determine whether momentum is increasing or decreasing.
This indicator visually represents the momentum relationship by plotting both ATR values as lines on a chart and applying color fill between the lines based on if momentum is increasing or decreasing.
When the short-term ATR is greater than the long-term ATR, representing increasing momentum, the area between them is filled with green.
Conversely, when the short-term ATR is less than the long-term ATR line, the area between them is filled with red. This red fill indicates decreasing momentum.
Don't hesitate to reach out with any questions or concerns.
We hope you enjoy!
Cheers.
[SMT] Buy & Sell Renko Based - AlertsThis is a custom indicator that implements a trading strategy based on Renko charts, but they can be used on regular candlestick charts and on any time frame. Renko charts are known for filtering market noise and displaying price movements in a clearer way. However, it is important to note that this indicator is provided for educational and informational purposes only and is not a guarantee of profitable returns.
Features:
- The indicator uses Renko charts to generate buy and sell signals.
- Renko bricks are built based on a predefined price variation, rather than time.
- The length of the Average True Range (ATR) used to calculate Renko bricks can be customized.
- Buy signals are generated when the price crosses below the current Renko brick.
- Sell signals are generated when the price crosses above the current Renko brick.
- Entry points are marked with "Buy" and "Sell" arrows on the chart.
It is essential to emphasize that no indicator or trading strategy guarantees profitable results. The financial market is complex and subject to unpredictable changes. It is recommended to perform additional tests and analysis before using this indicator on a real trading account.
Always remember to manage your risks properly and consider other factors such as fundamental analysis and market conditions when making trading decisions. The use of this indicator is entirely the user's responsibility.
DISCLAIMER: This indicator is not financial advice and should not be interpreted as such. Always consult with a qualified financial professional before making any investment decisions.
[SMT] Buy & Sell Renko Based - StrategyThis is a custom indicator that implements a trading strategy based on Renko charts, but they can be used on regular candlestick charts and on any time frame. Renko charts are known for filtering market noise and displaying price movements in a clearer way. However, it is important to note that this indicator is provided for educational and informational purposes only and is not a guarantee of profitable returns.
Features:
- The indicator uses Renko charts to generate buy and sell signals.
- Renko bricks are built based on a predefined price variation, rather than time.
- The length of the Average True Range (ATR) used to calculate Renko bricks can be customized.
- Buy signals are generated when the price crosses below the current Renko brick.
- Sell signals are generated when the price crosses above the current Renko brick.
- Entry points are marked with "Buy" and "Sell" arrows on the chart.
It is essential to emphasize that no indicator or trading strategy guarantees profitable results. The financial market is complex and subject to unpredictable changes. It is recommended to perform additional tests and analysis before using this indicator on a real trading account.
Always remember to manage your risks properly and consider other factors such as fundamental analysis and market conditions when making trading decisions. The use of this indicator is entirely the user's responsibility.
DISCLAIMER: This indicator is not financial advice and should not be interpreted as such. Always consult with a qualified financial professional before making any investment decisions.
TOP 4 STABLECOIN MARKET CAPIn the cryptocurrency market, there is a challenge: understanding the flow of stablecoins during market growth and downturns. It's difficult to grasp whether the market surge is due to a shift in funds from BTC or an influx of USD. Detecting the fluctuation in market capitalization of stablecoins helps investors gain a clearer perspective of market volatility.
Usage:
When there are fluctuations in the market capitalization, it is essential to combine observations of this indicator with other technical indicators.
Range H/L Buy and Sell SignalThe "Range H/L Buy and Sell Signal" indicator is designed to identify potential buy and sell signals based on a specified price range and market volatility. This indicator can be used in the TradingView platform to assist traders in making informed decisions.
The indicator allows customization of several parameters to adapt to different trading strategies. These parameters include the start and end times for the price range, the volatility threshold, and the desired breakout conditions.
To begin, the indicator calculates the range start and end timestamps based on the provided hours and minutes. This defines the time period within which the indicator will analyze price movements.
Next, the indicator determines the highest high (High) and lowest low (Low) within the specified price range. These levels represent the upper and lower boundaries of the range and act as potential breakout points.
Volatility is also taken into account to filter out false signals. The indicator calculates the true range and the average true range over a period of 14 bars. The true range measures the price range from the current high to low, while the average true range provides an indication of market volatility.
Based on the breakout conditions and the volatility threshold, buy and sell signals are generated. A buy signal occurs when the closing price crosses above the High and the true range is greater than the volatility threshold multiplied by the average true range. Conversely, a sell signal is triggered when the closing price crosses below the Low and the true range exceeds the volatility threshold multiplied by the average true range.
The indicator visually displays the High and Low levels as plotted lines on the chart. Additionally, it marks the buy signals with green labels labeled "BUY" below the corresponding bars and the sell signals with red labels labeled "SELL" above the bars.
It is important to note that this indicator should be used in conjunction with other technical analysis tools and indicators for comprehensive market analysis. Trading always carries risks, and it is crucial to exercise caution and conduct thorough analysis before making any trading decisions.
Divergent Trades LLC:
Disclaimer: The information provided by the Divergent Trades LLC indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy, sell, or trade any financial instrument. Divergent Trades LLC is not responsible for any losses incurred as a result of using this indicator. Trading in the financial markets carries a high level of risk and may not be suitable for all investors. Before making any investment decisions, please consult with a financial advisor and do your own due diligence. Past performance is not indicative of future results. By using the Divergent Trades LLC indicator, you acknowledge that you have read and understand this disclaimer and agree to its terms and conditions.
