In fact, I wrote this script for detect Bollinger and Linear Regression Bands squeeze. It's a side script. Logic works like this: Only the stagnant market probability is drawn from the Bollinger bandwidth by Dependent Variable Odd Generator and MFI index is calculated taking into account the volume. This value ranges from 0 to 100. To be sure, this value is...
This is a simple script to assist you in manual backtesting! Perfect for the NNFX crowd or anyone that enjoys manual backtesting. Usage 1. Slap this bad boy on your chart. 2. Adjust period and multiplier (defaults are 14 period and 1.5x). 3. Put on the indicator/system you are testing. 4. Enter bar replay mode. 5. Drag your long/short position take profit and...
This indicator helps you defining your max sizing, depending on the max $$$ amount you're willing to risk against a specific exponential moving average (or VWAP, default is the 13ema). You can define your max risk amount and your max allowed sizing. The indicator would suggest the best sizing in order to risk only up to the amount you are comfortable with on a...
This indicator was described by Peter G. Martin and Byron B. McCann in their book "The Investor's Guide to Fidelity Funds" (1989).
This indicator helps traders implement proper risk management in their trading. For example, let's say that you were trading a $1,000 account and didn't want to risk more than 1% of your account on any one trade. If you were placing $100 positions, you wouldn't want the price to move more than 10% against you (10% of $100 is $10, which is 1% of $1,000). So,...
The measure of idiosyncratic risk for single stock or portfolio
Script to calculate the amount of stocks for of an order in relation to depot size (money), risk awareness, profit target and ATR
A simple yet configurable indicator that shows recent traffic volumes. The time period is specified as weeks/days/hours/minutes, not as bars. Set the volume period to non-zero if you want to use a generalized double EMA instead of plain. The "ratio" option will show the size of the current volume compared to the average volume as computed for the specified time...
This version of the MACD indicator is 'trawling' (checking) if the MACD histogram and the zero line crossing with the MACD line are both positive or negative. The idea behind this is to show areas with higher or lower risk. Features: 1. Enable the bar color 2. Enable the background color 3. Change zero line value FYI: "The MACD-Histogram is an indicator of an...