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}...
Here is an attempt to segregate ATR into ATR of up days and down days. While setting trailing stops based on ATR, you probably need to consider more on how an instrument can drop during red days. Hence, ATR of only red days makes more compelling case than overall ATR. Another use case for this kind of indicator may be in options if you are selling puts and calls...
This indicator is actually 3 different indicators combined to be able to watch key levels such as daily/weekly/monthly opens, previous days and week range highs and lows, as well as see Oversold and Overbought conditions relating to the Relative Strength Index (RSI). - RSI DOTS SYSTEM The first part is a custom Relative Strength Index indicator that shows RSI...
Checks what the average true range is for the X amount of trading days. Then will also label the ATR from the low, and the ATR from the high of the current day. A second label can be created dependent on current days RVOL %. If RVOL is not 0 or 1, then it will create the second label. Otherwise it will just leave it as the standard label. The calculation for...
The Range Bars used in more Professional trading platforms to keep smoothness on the charts and help make custom range price candles based on the range size chosen for the market being traded. Example an 8 Range bar on the ES or MES Futures is 8 ticks = 2 points. Another Example on NQ a 22 Range bar popularly traded by trading professionals is a total of 22...
This is a Vortex Based Visual System, Which can help you identify the Vortex Crosses based Range Breakouts/ Breakdown, over the price Scale, How its made ? The vortex Crosses are projected over the Price on Same Time frame {Green and Red Filled area} -> green Area means : Vortex Crossover Range -> red Area means : Vortex Crossunder Range and on Higher...
FINALLY LEFT. the RANGE DAILY at the top RDH and the RANGE DAILY at the bottom RDL, is a PVSRA indicator used to calculate the daily ATR (Average True Range), with the help of my friend @ferhro, I was the one that managed to get closer to the original indicator for the metatrader 4. Let's the features. This indicator works as a support and natural resistance of...
This uses a Rescaled Range from Benoit Mandelbrot's Misbehavior of Markets to devise a Risk Range on stocks. A trading position can be managed by selling portions at the top of the risk range and selling at the bottom of the risk range. The Length parameter defines how wide the range is and how frequently the price will reach the range bands. The Vol Length...
Version 1 Creates a box around a specified time range with the ability to extend the lines to a later time. Next update: - Background in box - Remove historical boxes - Extend lines in future instead of only till current price There's similar but complex indicators out there, I'll leave this code as open source and you have permission to reuse and not credit me.
Mark Timeframes for future studies. Just copy and combine with your other indicators