These multi-timeframe True Range Levels use an improved calculation to accurately calculate the indicator's value with every new bar on the time frame your chart is set to. Previously the indicator only recalculated with every new update on the timeframe used in its security function. This means that this improved script plots the real, current value of your...
This indicator lets you see when a trend may be exhausted and require consolidation, as well as choppy trading zones. When the oscillator is in the bottom bar, the price is in a chop zone. When it reaches the top bar, it is due for consolidation.
This is an intraday indicator. Average Daily Range provides an upper and lower level around the daily open. It is calculated by taking an EMA/SMA average of a given number of previous days' True Range. It can be useful for helping guide support and resistance, for taking profits and for placing stops. It's a similar idea to the ATR indicator, but calculated...
This indicator measures the "Effort" required to shift price. By using Volume and Average True Range, it reveals how much volume was used to create each candle period. The resistance threshold is set to 1.5x and will light up with an aqua or purple colour (bullish or bearish candle). This means that the current bar is 1.5 times the previous bar and can be seen...
The Volatility function measures the market volatility by plotting a smoothed average of the True Range. It returns an average of the TrueRange over a specific number of bars, giving higher weight to the TrueRange of the most recent bar. WARNING: - This script to change bars colors.
Description and documentation can be found within the script.
Volatility Ratio indicator script. This indicator was originally developed by Jack Schwager.
This is an experimental study designed to identify underlying price activity using a series of Laguerre Filters. Two different modes are included within this script: -Ribbon Mode - A ribbon of 18 Laguerre Filters with separate Gamma values is calculated. -Band Mode - An average of the 18 filters generates the basis line. Then, Golden Mean ATR over the specified...
To add this indicator to your charts: Click the 'Add to Favorite Scripts' button down below this description. This simple indicator is merely for displaying mulitple ATR ranges at a glance on one chart. SETTINGS Each ATR is completely configurable: Length - to base the ATR on Timeframe - 'Chart' uses the current chart resolution; other timeframes are...
I made this tool to measure the exact PIP range of different currency pairs in an easy to understand format. It comes with the option to convert the PIP Values to XXX/JPY Pairs with a simple check-box. "H" is the highest PIP movement in 377 time periods. "N" is the EMA-377 of the PIP ranges. "P" is the current time periods PIP moment (true range).
Dots show the total movement for the period as a percentage (profit potential). Line shows the volatility of the period in relation to the beginning of the period.