Relative volatility highlights large changes in price. This was designed to be used with my relative volume indicator so that traders can see the effect of volume on price action. It is also a good tool to analyse breakout patterns to identify best entry points and waves. Above shows relative volatility and relative volume working together.
This tool displays relative volatility and directional trend. Excellent way to pickup diversions and reversals. Length can be lowered to 11 or 13 in settings to show price range. Can be used to identify patterns such as parallel channels and likely direction of price action as pictured below.
Create lines based on the demand for long/short, extracted from price range.. this lines have nothing to do with volume and liquidity, its just a interpretation of price range.
This indicator is designed to pick up changes in volatility before it happens. It also shows current volatility, as price action drops the blue lines contract. The script uses the blue lines to locate spikes in volatility. Example of dump revealing itself with plenty of notice. Here large changes in price action are shown when the white lines spike....
Supertrend Bands What is the Supertrend indicator? "The Supertrend indicator is a trend following overlay on your trading chart, much like a moving average, that shows you the current trend direction. The indicator works well in a trending market but can give false signals when a market is trading in a range. It uses the ATR (average true range) as part of...
Allows you to define session range with local time and its timezone, also can toggle session visibility any day of week.
This indicator is based on ADX and helps identify if a market is ranging/consolidating or trending. Default setting are as follows: 0-15 Absent Trend 15-25 Weak Trend 25+ Strong Trend FYI: 50-75 Very Strong Trend 75-100 Extremely Strong Trend You can configure 3 levels of strength (Absent, Weak & Strong) Please keep in mind that a...
This scripts forms a range based on time, then looks for the levels of premium (the difference between spot and perpetual price) and plots a signal depending on breakout or breakout. The indicator only works properly on Binance perpetual futures charts. If you're not on a Binance perp chart, the metrics will default to a Biannce:BTCUSDT vs Binance:BTCUSDTPERP...
Average high/low trading range for the current timeframe. Daily high/low trading range.
I got the idea for a narrow Donchian Channel with a short lookback period which closely follows the price fluctuation in which the sides of the channel have a thickness according to the range of the last touching candle. Any channel, be it Donchian, Keltner, Bollinger Bands or Parallel, has an upside and a downside, touching the upside is a buy signal as this may...
Rosebud Trend Indicator uses complex range calculations to easily detect trend changes, critical support and resistance levels, and even aid in spotting reversals. The Critical Support & Resistance Zones are plotted via the red and green cloud. This cloud not only visually displays the expected trend direction but often acts as major support and resistance zones....
Purpose: This script shows when price is in a range or trending. When the green line rises above the threshold the price is trending. When the green line falls below the threshold it's ranging. You may try adjusting the lookback way far back to find more areas of resistance. Logic: It shows how many instances the current price has been crossed in the past...
This script will display the previouse Highs, Lows and Mid of the last: - Quarter - Month - Week - Day Ranges Its pretty good in finding potential pivot areas.
█ OVERVIEW Here is a script based on the ATR but which unlike the traditional ATR using a Multiplier, here we use a signal filter by the Exchange of Prices between Ticks. The more you increase the value, the more the parasitic signals will be filtered. █ HOW TO INTERPRET? • The signals are represented on the chart by "Buy" (Green) and "Sell" (Red)...
Been a minute since a public script! This one looks at the range and recommends potential reversal depending on degree of overextension. Originally intended for low timeframe short time horizon reversals but works well on higher timeframes as well. Oscillator included in the image so you can see under the skirt and check what's happening.
This script is meant to be a form of pure candlestick analysis. Terminology in the description used below is as follows: - numcands = Number of candles specified by the user to be used for sampling in each moving average. This script plots moving average (SMA/EMA specified by the user ) of the percentage of the high-low range that the previous {numcands}...