The script made for research purposes which plots these statistics of a given window: Mid-range (max + min)/2, Lower midpoint (mid-range + min)/2, and Higher midpoint (mid-range + max)/2. This could be interesting when checking periods with sample size <= 0, or checking distros with srs kurtosis values. Mean & median are also there.
**This is my first strategy on the Pine editor, any tips or tricks from the community would be awesome! This strategy was developed from my indicator "cATRpillar". it uses the ATR range values to determine entry, and uses EMA values to determine an exit if the market goes against it.
A good amount of users requested a text box showing various price statistics, the following script returns various of these stats in a user-selected range, and include classical ones such as a central tendency measurement (mean), dispersion (normalized range) and percent change, but also include less common statistics such as average traded volume and number of...
REVE is abbreviation from Range Extension Volume Expansion. This indicator shows these against a background of momentum. The histogram and columns for the range and volume rises ara calculated with the same algorithm as I use in the Volume Range Events indicator, which I published before. Because this algorithm uses the same special function to assess 'normal'...
This script plots two ATR (Average True Range) values, one based on only bullish and the other based on only bearish bars. If the current bar is positive, the negative ATR will use its last known negative bar for the calculation. You can smooth bar directions by using the Heikin Ashi setting. Use this the same way how you would use the regular ATR indicator, but...
This script measures candle length and average true range (ATR). A break out occurs when a candle is larger than the given ATR value. You can choose to calculate length from wicks or from the body (open & close). You can use this as trend direction indicator by following the last break out candle or open a position after a break out with a stop just above or...
This indicator shows the ATR range on the daily or any other timeframe on your current chart. All settings are fully customize-able.
Similar to one of my previous scripts 'Ranged Volume', but instead of using volume, this script uses candle length mirrored. It creates a range using highest and lowest of a given period. When the range gets larger, it means the current candle is bigger than the largest candle of your given period (break-out). Yellow = Bullish break out Red = Bearish break...
This has been done before in different ways, however, my goal is to publish a single, simplified copy/paste version of the idea so you can quickly and easily incorporate it into your strategy backtesting. You can designate weekdays, weekdays + weekends for 24/7 markets, and also session range. So, you trade bitcoin? It works. CME futures? It works. You are a...
This script is good to use with Williams %R indicator, to find out when price has bottomed out. ATR has to be over 90 and Williams %R ( lenght 52 ) has to be over 95 to find out level around which one is good to buy. You can check back, to see that this worked very well over history. Best way to use this 2 indicators is with DCA ( dollar cost average ), as area...
This script has below features > Option to choose the bar number for considering break out > Option to choose the targets based on the candle size > Option to choose the budget and based on that it will show the quantity to trade > SL is the candle range > Can use it in any time frame
Range Strength is a super simple indicator designed for the mean reversion (range trading) strategy, it shows you how strong the market is ranging or trending. When the indicator is positive (green color) the market is a range mode, when the indicator is negative (red color) it is in a trending mode. It's best used together with our Buy Sell Bands indicator to...
Buy Sell Bands is a super simple indicator based on the mean reversion (range trading) strategy that shows you exactly where to buy, sell and close trades on every chart, market and timeframe. It's best used together with our Range Strength indicator to identify when the market is in a range mode, this is the best time to take the entry signals from the Buy...
ADX trend with bar color and background color for strength of trend. Use yellow bar for alert of possible uptrend, use orange bar for alert of possible downtrend. Green bar indicates a strong move upward, red indicates a strong move downward. Background will lighten (can change to any shade) for duration of trend. Exit trend, or TP, when background returns to...
The Initial Balance is the range high and low printed on the first hour of the session. It's meant for intraday trading and can be used as support/resistance.
1 - What is the Channel ATR indicator This is an envelope indicator (like the Bollinger bands indicator) used to evaluate how much the price diverge from it's moving average. This indicator can be used as a system on it's own. I recommend to use it when the market goes side way, although, you can also use it when the market is trending. What makes this...
I do not own the original indicators. This is just a combination of the two because of their nature to work in a similar way. Camarilla Pivots run on the basis of intraday range trading. Usually after daily open you look the fade whatever move happened before. by shorting R3/H3 levels or longing R3/L3. Targeting the other side of the range. This is the infamous...