All credit goes to @DonovanWall for the Range Filter. I just added Buy & Sell labels to demonstrate how the VuManChu Swing generates the same exact signals as the Range filter using the exact same settings between the two indicators. This would only seem plausible if VuManChu Swing runs on the same code as the Range Filter. It looks likely to be the old version...
I was looking for a script similar to ATR that would show percentage point volatility relative to current price. It's way easier to compare 2 different tickers, with similar entry conditions, and judge witch one has bigger gains predisposition than calculating everything with just ATR value. Unfortunately I haven't found any, so there is one I've composed out of...
1) Provides ESTIMATED liquidation amount based od difference on volume between binance futures and coinbase spot(by default, you can change this) 2) Provides some strategies based on this numbers
The Wave-PM (Whistler Active Volatility Energy - Price Mass) indicator is an oscillator described in Mark Whistler's book 'Volatility Illuminated'. The Wave-PM was specifically designed to help read cycles of volatility. When visualizing volatility cycles as a heatmap we can get a clear overview of market volatility phases on multiple timeframes, and more...
Many traders believe that the moving averages are favorite tools and analysts have spent decades trying to improve moving averages partiularly the simple moving average. One way to address the disadvantages of moving averages is to multiply the weighting factor by a volatility ratio which is called Adaptive moving averages. This indicator uses an special adaptive...
What is ATRP? Average True Range Percentage (ATRP) expresses the Average True Range (ATR) indicator as a percentage of a bar’s closing price. How does this indicator work? ATRP is used to measure volatility just as the Average True Range (ATR) indicator is. ATRP allows securities to be compared, where ATR does not. ATR measures volatility at an absolute level,...
Hi, this script is crossover between breakouts of 4H and Day timeframe. It also checks candlestick patterns before opening trades. Red horizontal line acts as support and resistance of Daily timeframe. You can close trades at next signal or at High/Low. Enjoy trading.
This is a Multi Timeframe moving average ROC (percent of change) dashboard. This dashboard shows percent of change of current price to a moving averages on different time frames. Most left value in the dashboard always represents your chart time frame, while the next 3 represent other time frames which you can set in 'MA+ ROC' settings. Support User Defined time...
I really love the new Pinescript creation --- tables . This one is designed to remind you of DAILY and WEEKLY data when you drop to lower timeframe charts. Weekly and Daily HIGHS and LOWS are completely objective pieces of information. Good for declaring characteristics of a trading day. ► If any week or day is considered BULLISH, it means the CLOSING price is...
A Renko Tick chart based on continuously adjusting percentage. Live Renko bricks formed by tick data Adjustable brick width Outline mode, or line mode for more bricks Scalp with a Renko, get weird. The settings can and will break the script if you turn them up too high. Turning off outline mode will not look as nice, but can potentially allow for a...
The bread and butter of strat traders is multi-timeframe analysis. We do MTFA in 2 different ways: 1) By Looking for entries confirmed by Full Timeframe Continuity which is just another way of saying that on multiple timeframes, the candles currently forming are all uniform in direction(ie. all red candles or all green candles), and 2) Looking for Strat reversal...
Pinescript tables are a nice addition to the language. This one shows a complete distance from daily low to daily high and/or from the daily open to the daily close. ► You can show the distance between low and high ► You can show the distance between open and close ► Have this data for 8 last days ► Flip a table if you need to I used the original...
This is not an indicator, just for fun and testing out the new table functions. Requires bar replay to calculate (quickly) one generation to the next. A random pregen seed and a few other known seeds picked at random. The limited grid dimensions affect the outcome for some.
1. Linear Regression including 2 x Standard Deviation + High / Low. Middle line colour depends on colour change of Symmetrically Weighted Moving Average . Green zones indicate good long positions. Red zones indicate good short positions. (Custom) 2. Symmetrically Weighted Moving Average. Colour change depending on cross of offset -1. (Fixed) 3. Exponentially...
Intrangle is an indicator to assist Nifty / Bank Nifty Option Writers / Sellers to identify the PE / CE legs to Sell for Straddle and Strangle positions for Intraday. Basic Idea : (My Conclusion for making this Indicator) 1) Last 10 Years data says Nifty / Bank Nifty More than 66% of times Index are sideways or rangebound (within 1% day) . 2) Mostly, First one...
I'm very new to trading. I've been toying with moving averages to trigger swing trades and wanted an indicator that would swell when price moves sideways and squeeze when price is trending. So this is the inverse of the popular Bollinger Bands indicator. It makes a very easy identifier for price breakout when paired with your favorite fast moving average. When MA...
Indicator works on Mean reversion rule and end user can take the counter trend trade if extreme emotions are shown by bar color