SD - Average True Range - Daily Weekly Monthly Yearly v5 It gives ATR intervals as 4 hours, daily, weekly, monthly and yearly. The expectation is to fill the ATR targets within the specified ranges. It can be used to determine target points on charts with a clear direction on the train. Unlike the previous version, it is provided to use 2 different periods in...
Here's another trading strategy for you. This one is based on the standard Donchian Channels. This one will - by default - wait for 2 consecutive higher highs (or lower lows) before taking a position. This can be disabled so the script will take a new trade without waiting for the 2nd high or low. This is useful to avoid getting into a trade when market makers...
RedK Volume-Weighted Directional Efficiency Index (DXF) is a momentum indicator - that builds on Kaufman's Efficiency Ratio (ER) concept. DXF utilizes a restricted +100/-100 oscillator to represent the "quality" of a trend, and does a good job in detecting the possibility of an upcoming trend change (in both direction and quality), improving our ability to make...
This is recreation of Donchian Channel - Pivot High Low indicator present here: But, instead of traditional pivot high lows, this is based on pivots created from zigzag indicator. This indicator is created on top of existing Zigzag indicator using lines array: Parameter HighLowLength refers to number of zigzag lines back which can be used to calculate top...
Hi Friends & TradingView community. Greetings to you. Many traders use ATR to set Stop loss. The built in ATR indicator plots the ATR values as a line. However, many traders do not want the ATR to be plotted on their charts, but are only interested in the ATR value as such. This script does that - it just prints the latest ATR with your set Multiplier value...
This is an example of how we can use compounding to control our position size. This example shows how we can automatically add and reduce position size based on account equity. The "initial capital" in properties is the starting account equity. At default its set to 100,000. If our max position size is set to 25 then the very first position that's taken has a...
MFI/STOCH Hidden Divergence/Trend Beater General Idea: My premise around this strategy was to make a general strategy for crypto that would help out with finding entry positions for when you’re bullish on a crypto and want to hold on for a while, and at the same time avoiding massive drops. Essentially a way to mix long term/ swing trading; I somewhat achieved...
SCALPING SCREENER - 15 mins (Indicator Tool) TIME FRAME to use - 15 mins DURATION OF TRADE - Using this indicator, Trade must be taken only during market hours and must be closed before market close (must not be carried forrward for next day). SCALPING - This is a scalping strategy that is intended to make small profits in intraday trading ENTRY CONCEPT - -...
Probability Distribution Histogram During data exploration it is often useful to plot the distribution of the data one is exploring. This indicator plots the distribution of data between different bins. Essentially, what we do is we look at the min and max of the entire data set to determine its range. When we have the range of the data, we decide how many...
This indicator is a two length Bollinger Band implementation. It uses the Simple Moving Average, and adjusts to the period you are looking at: e.g. if you are looking at the day chart, periods are in days. If you are looking at the 5 minute chart, periods are within 5 minute increments. The foregrounded set of bands is based on the 20 length SMA. So, in the case...
This Indicator displays a normal RSI with overbought/-sold lines which is calculated with donchian channels, pivot channel, bollinger bands and three horizontal lines. You can averaged the channels, bands and h-lines in any combination or you can use just one of them for calculating the overbought/-sold lines. The midline is colored in default settings in yellow...
The Elliott Wave Oscillator enables traders to track Elliott Wave counts and divergences. It allows traders to observe when an existing wave ends and when a new one begins. It works on the basis of a simple calculation: The difference between a 5-period simple moving average and a 34-period simple moving average. Included with the EWO are the breakout bands that...
Hello Traders, I would like to introduce you volatility semaphore support&resistance levels. The idea is the same as the pivot semaphore script of mine to spot the importance of support&resistence. It is little bit different than previous script as it uses different line API than previous volatility support& resistance multi timeframe . You have more control...
This indicator takes the concept of Keltner Channels and uses them as a trend following system by using a deviation band of 1 ATR, such that when the price closes above the upper band a bull trend is predicted to follow, and when the price closes below the lower band the start of a bear trend is assumed. Only 1 band is plotted at all times depending on the bias...
This indicator allows you to add up to 3 volatility bands to VWAP based on its Standard Deviation. Best use is for intraday but you can choose higher timeframes too. For day trading a band of 3 standard deviations usually works well as an overbought/oversold region, allowing for mean reversion trading, but you are free to come up with your own strategies. Enjoy!
Here I present you on of Trade Pro's Trading Idea: Chaikin Money Flow + MACD + ATR. This strategy is not as profitable as it can be seen in one of his videos. In the forex market, the strategy could reach a maximum of 35% profitability. I have, as some of my followers have requested, created an overview of the current position, risk and leverage settings in the...
Best Currency Strength Indicator is a visual guide that demonstrates which currencies are currently strong, and which ones are weak. FX Currency strength indicators include multiple calculation to choose from 1. Relative Strength Index ( RSI ) 2. True Strength Index (TSI) 3. Absolute Strength Index (ASI) 4. Linear Regression Slope ( LRS ) 5. Rate of Change ( ROC...
// This strategy uses Bollinger Bands to buy when the price // crosses over the lower band and sell when it crosses down // the upper band. It only takes trades when the ADX is // below a certain level, and exits all trades when it's above it.