Average Price Movement inidcator displays the high/low for the period over time. On top of that an 8 period exponential moving avergae is attached to get average movement over time. It provides, for eg. on a Daily chart, gives a day range and this can be used to book profits or place stop loss. It is very simple indicator to provide price range over time.
UPDATE: had a minor bug on how to detect the range.
EXPERIMENTAL: WARNING: this strategy repaints after reloading and results are heavily curve fitted, use at your own discretion. UPDATE: (AleksanderThor) add option for a 2nd target, to use you need to activate pyramiding with a setting of 1 manually (not possible to change programatically) .
Uses daily average ranges of 5 and 10 (most used) as buy (support) and highs (resistance) areas - half ranges used in calculations for a more accurate "forecast" of the H and L . Uses open but not close, so it does not repaint - experimental
Easy script to find candles which body is less than 50% of candle range.
EXPERIMENTAL: Adaptation from stop hunt levels: Uses timeframe and atr to set ranges.
EXPERIMENTAL: (republishing, previous had alot of lines crowding the chart) MTF Range Swing.
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.
A remarkably simple but very useful indicator. Earlier and clearer signals than ADX or VHF. More positive ranging signal than any other indicators. Aqua = ATR Orange = StdDev Red = Smoothed Moving Average of the StdDev Usage: Any pair, any time frame. Best used on majors and M15 period or higher Orange breaks above Red when below Aqua = Trend building ...
Support and Resistance using donchian channels to validate tops/bottoms (note: while donchians follow price closely within look back window, this will only update new top/bottom when making new extremes in the donchian channel) combo with other systems:
ORB Opening Range Breakout 5 and 3O Minute Indicator Kudos to Chris Moody for the inspiration to create my first indicator. The 5 and 30 run together at times but the scalp would be when the equity breaks the 5 go long or short for the scalp and when it breaks the 30 go for the swing trade.
---- May 05 2015 ----- Added support for filtered ranges: RID V3 : pastebin.com RIDv3 has full backward compatibility (!?), meaning all my descriptions below still apply for V3. -- In addition, I have added a NON-OVERLAY mode, which can be put in its own pane, that shows the number of bars in the current range. -- in Overlay mode, you can switch on/off...
Request for Equinox, zigzag and fibs are extras :p
EXPERIMENTAL: trend and range analysis using dolchian and bollinger channels methodology merged into one, possibly it can be used to extract 3d depth of market :p
this code is untested use at your own risk... applying timed price change over the square to predict price expansion or contraction of the range, it is not predicting the future price only the range that is possible for the price to be in within a margin of error of possibility, with that said i think its very unlikely for price to fall outside the range, due to...