This is a script that allows you to toggle multiple indicators related to support and resistance, CCI, and Breaches (Crossovers based on William's Fractals). How to use: Custom Timeframe (Minutes) - To compare to current candles Crossovers on custom - Crossovers and breaches on custom timeframe (Blue Triangle up) Crossunders on custom - Crossunders and breaches...
Hello traders It's been a while :) I wanted to share a cool script that you can use for any asset class. The script isn't really special - though what it displays is super helpful Volatility Index $VIX (Source: Wikipedia) VIX is the ticker symbol and the popular name for the Chicago Board Options Exchange's CBOE Volatility Index, a popular measure of the...
The indicator will plot Initial Balance levels and extensions. The session start and end times are configurable depending on instrument, as well as the Initial Balance end time. The session times must be entered in the underlying instrument's timezone, for example: ES-futures (Chicago Timezone) Session Start: 0830 Initial Balance End: 0930 Session End:...
Simple strategy which is derived by below method: 1. Calculate moving average of High, Low, Open and Close and make candles of them. 2. Derive supertrend on the moving average candles. 3. Generate buy and sell signals based on supertrend direction combined with higher timeframe high-low condition
TRB (True Range Breakout) plots the current TR (true range) as well as the previous TR high over n periods. If the current TR is greater than the previous TR high, then the TR histogram will become red. Red signals high volatility. Enter trades only when the histogram is above the TR high line. Happy trading! 🥳
The algorithm for this strategy was provided by JetzGiantz. It creates buy and sell signals based on the close and open prices of the previous 3 bars, and compares them to the lowest low, or highest high, between the last 3 and 50 bars. You can select the month and year you wish to backtest. You can enter the SL and TP values. There are no other inputs.
Get the percentage of previous candle price to current high candle price. This script will make your life easier to get percentage without you calculating it. Hope you enjoy the tool and let me know if there is any feedback or improvement request. Thank you very much. :D -------------------------------- Formula: Previous To High Percentage Per Candle =...
The scripts places horizontal levels on your charts indicating the previous Daily, Weekly or Monthly OHLC values over the current timeframe. Slightly modified version of Nanda86's "Previous OHLC" script. I corrected a couple of bugs and added more control over colors and labels in general. I also removed the hourly OHLCs.
Change Channel is like KC unless it uses percentage changes in price to set channel distance. Midline is zero-lag smoothed ROC with dynamic period based on MA Streak indicator, if MA Streak shows an ongoing trend, midline going strong and break out the channel. Consider using ▲ green areas as a signal to buy and ▼ red areas as a sell signal. It works best...
This indicator shows WMA ribbons of the percentage of price movements. Strong peaks show unusual price movement and might indicate a good time to close your position. A narrow band shows stable price movement and could indicate a good time to get into a position. (Squeeze)
Companion script for Squeeze Momentum Indicator that plots the signal on chart.
Script Modified from LazyBear Original TTM Sqz Script
This indicator essentially just finds reversal points on the graph, and labels them buy. Currently working on sell/close trade alerts. Strategy I have used a little bit with some success is entering a trade when it says buy, taking profit at 1% and setting a stop loss at 0.5%. On the 1 hour timeframe I do (still looking into backtesting to see accuracy of other timeframes.
For those who interested, here is a Bitcoin Strength Index source code. I used it on weekly chart with params (close,28). And only with Bitcoin . And only during bull run. It shows how far price went off the particular moving average during bubble run (i.e. being above BB). Weekly MA 28 is approximately daily ma 200. The physical meaning of this indicator is to...
Hello Traders, A very simple code aiming to help you size your position, according to the amount you're accepting to lose AND the current volatility ATR. Why is it important to use ATR size ? Markets move, and having fixed stoploss values will lead to getting stopped out in case of volatility increase. You also need to size down your trades in case of more...
Set stop price and add-position price according to the cost and current ATR. You may set an alert with the condition when the stock price crossing down the Stop Price. Example: stock price: $150 volatility multiple: 2 current ATR: $3 stop price = $150 - $3 * 2 = $144 add-position price = $150 + $3 * 2 / 2 = $153
Total cryptocurrency market capitalization without tether, with alerts for chosen value thresholds. The rationale is that tether is a printed supply stablecoin with a fixed value; there is no need to include its value in a combined market cap. It's debatable if that's true, but that doesn't explain what this indicator is. The second part of this indicator is...
Determine the position of the product to purchase according to: 1. max loss that you could tolerate 2. max volatility that you could tolerate (defined as the multiple of the current ATR) For example: current ATR = $5 max loss = $1000 volatility multiple = 2 The position will be p = $1000 / $5 / 2 = 100 (shares)