The Fractal Dimension Index is a technical indicator that gauges the amount of volatility currently present in the market. The theory behind this indicator is that a value of 1.5 suggests the market is acting in a completely random fashion. As the market deviates from 1.5, the opportunity for earning profits is increased in proportion to the amount of...
This is implementation of Peti Kemas. Slighly modified for the selection of EMA period, but user can change the period. The strategy is if the current candle close is below EMA90 and EMA200, the buy signal is generated when the close crosses up EMA13. When the close above EMA90 and ENA200, then the buy signal is generated when the close crosses up EMA8
Volatility Contraction is a strong trading setup for Positional Traders. It works on following time frame: Daily, Weekly and Monthly.
A simple indicator, to plot the quantitatively the reversion and expansion of price from a set of means. A green bar plots prices above the set of means. A bar plots prices below the set of means. A blue bar plots price entangled in the means. The height of the bars denotes the far-ness from the set of means. A blue envelope over the bars is the average of...
This is two separate Bollinger bands in one study. Customizable middle BB line type ( SMA , EMA , VWMA ), legnth, colors, and deviations provided at .5 increments. Someone else has a very similar Bollinger Band study but the code was hidden, so I figured I would remake as a learning challenge since I'm new to pinescript and this is the best way to learn it...
This indicator is put in place to help you identify the 3 market phases. Consolidation can be indicated by either dots or color coded candlesticks . You can use both. Consolidation zones are represented by the dotted lines. A green arrow indicates a buy signal. A red arrow indicates a sell signal. Theme allows you to change the color of the background to...
A simple indicator that shows volume expansion and contraction of a trend through colorization of the candles. It indicates the underlying volume support of a trend. This indicator might come in handy for any Elliott Wave analyst trying to incorporate volume into his analysis.
Hello traders, today I wanted to present you something special. I present you the Exertion Meter! Created from scratch, this idea is based on a theory of mine called "Exertion". Exertion occurs when price moves beyond the previous bar's range thus it has "exerted itself". The idea is that when price moves a lot, it exerts a lot of energy which eventually leads...
Similar to bollinger bands width, but for keltner channels, designed to recognize when a move is exhausted and contraction is to be expected. Would use it as a filter to stay out of any trades if the indicator peaks (red color).
The Volatility Combo Bands are made from 4 separate volatility bands- two Bollinger Bands (10 and 20 period) and two Price Headley Acceleration Bands (10 and 20 period). The Volatility Combo Bands plot the innermost upper and lower points from these bands and then plots a mid-line. By default, only the standard 20 period Bollinger Bands and Combo Bands with...
Bollinger Bands Contraction and Expansion
Version 3: Improved aesthetically, complete turnaround for the strategy with which to use this indicator. Once again, thanks to BlindFreddy and ChrisMoody for the bits of code that were assembled into this indicator. Make the chart yours using the share button for the indicator with barcolors functionality. Changes from v2 and looking forward: Indicator now uses a...
Version 3: Improved aesthetically, complete turnaround for the strategy with which to use this indicator. Once again, thanks to BlindFreddy and ChrisMoody for the bits of code that were assembled into this indicator. Make the chart yours using the share button for the indicator with barcolors functionality. Changes from v2 and looking forward: Indicator now...
EXPERIMENTAL: Oscillator Version. calculation of extremes and price range for averaging movement. while price is above market is rising, when bellow market is falling. also can discern strength from the gap of the averages.
EXPERIMENTAL: calculation of extremes and price range for averaging movement. while price is above market is rising, when bellow market is falling. also can discern strength from the gap of the averages.