This indicator can be used to provide "hidden" Support and Resistance levels, which can be useful for profit-taking and stop-loss levels on swing trades. The middle white line is the midpoint of the range of the previous 60 candles. The grey lines above equal the midpoint line +5%, +10%, +15% and +20%. The grey lines below equal the midpoint line -5%, -10%,...
Experimental: this script only works on live updating bars(market open and live), the longer it runs the more accurate it will be. displays: - total intrabar volume processed(may not be equal to volume). - last delta tick change in volume. - this bar delta avg and stdev per tick. - a overall of all live candles processed avg and stdev of the deltas processed.
Many know of the VIX for equity trading. Yet, many are unaware that there is the same kind of volatility measure for trading bonds, called the MOVE Index. "The Merrill Lynch Option Volatility Estimate (MOVE) Index is a yield curve weighted index of the normalized implied volatility on 1-month Treasury options which are weighted on the 2, 5, 10, and 30 year...
This is a simple script for swing trading. It uses my 2 favorite indicators; the Choppiness Index as well as Fibonacci Retracement. This script is meant to run on the 4 hour time frame, in my case I use BTCUSD. It will buy when 2 conditions are met. The first is that the Choppiness Index is above 54.5 on the Daily Time frame, which means the price has potential to...
This simple indicator compares RoR for up to eleven assets over a period described by the "Offset" input variable. RoR type may be: Classical logarytmic RoR: log((Po - Pn)/Po). Percent growth: (Po - Pn)/Po. Fiat evaluaton based on "Budget" input roperty: $ * (Po - Pn)/Po. If the "Relative" option is selected, the RoR of the base asset will be deducted...
This script simplifies and gives more control to the user when using EMA with ATR in a bands form. The default values has to be changed according to your plan.
In fluid mechanics, the Reynolds number is the ratio of inertial forces to viscous forces within a fluid. Laminar flow occurs at low Reynolds numbers (i.e., viscous forces are dominant), whereas turbulent flow occurs at high Reynolds numbers (i.e., inertial forces are dominant). In the Turbulence indicator, I define that laminar flow occurs when simple moving...
This finds the standard deviation of a stock's price given a time. It also finds the average daily jump and the biggest daily jump.
The original bollinger bands have a fixed deviation of 2%, this channel calculates the ATR % (Atr Percentage) and places the upper and lower bands
Hello All, Monte Carlo Simulation is a model used to predict the probability of different outcomes when the intervention of random variables is present. it is used by professionals in such widely disparate fields as finance, project management etc. You can find many articles about Monte Carlo Simulation on the net. In this script I tried to make Monte Carlo...
This indicator is made to see the trend of candle movement. there are three lines namely top, middle, and bottom. the top and bottom lines are made using the Keltner channel indicator and the middle line is made using the exponential moving average indicator. there is a forecast point for the midline to determine the future movement of the candle. however, it...
this is a unique script because it calibrates each new trading day from midnight new york time rather than the traditional market open time we were taught in books which are not correct.it works in a currencies pairs and not too reliable in commodities and indices
Here is an attempt to segregate ATR into ATR of up days and down days. While setting trailing stops based on ATR, you probably need to consider more on how an instrument can drop during red days. Hence, ATR of only red days makes more compelling case than overall ATR. Another use case for this kind of indicator may be in options if you are selling puts and calls...
A stoploss system that enables traders to exit with limited loss or even trailing loss. Use the levels of indicator against the candle that has seen signidicant move for running positions and the candle in which a new position is taken. Example : For long Nifty Future at 14990 levels, when Indicator is showing 14820 at bottom on a 30 min chart, 14820 can be...
Hello traders! We have heard many times that keep your losses small and allow your profits to grow. But what happens is that we often make the mistake of doing high-margin trades that we cannot afford to lose. The main reason for this problem, in my opinion, is the rush to open a position and not paying attention to how much acceptable loss in each trade is for...
Using combination bollinger band and RSI indicator as guide to predict price volatility and the best entry point. The strategy logic is pretty straightforward where we're interested with close price that touches the lower bollinger band ; there are only two scenarios that will happened after the price reaches the lower band; the price might rebound from the lower...
This indicator just tracks lows/highs and "snaps a line" when the delta exceeds a buck (or whatever you configure) and starts tracking again from that new point.
Stdev Breakout Strategy Description: This script generates a long entry signal when the Standard Deviation crosses over the Simple Moving Average and the Close is greater than the Open, and/or generates a short entry signal when the Standard Deviation crosses under the Simple Moving Average and the Close is less than the Open.