Average True Range (ATR) and Average Price Change (APC). Shows the ATR and APC as well as the TR and PC for the current bar, colour coded to indicate very large/small bars. The ATR and APC are also colour coded to reflect whether they are increasing or decreasing. Style will need to be customized.
VWAP Market Session Anchored differs from the traditional VWAP or VWAP Auto Anchored indicator in that the Volume Weighted Average Price calculation is automatically anchored to four major market session starts: Sydney, London, Tokyo, New York. Settings Source: the source for the VWAP calculation. Offset: changing this number will move the VWAP either...
// This is a strategy that draws a trend line in the form of a slope whenever the high point and low point are updated. // The upper slope serves as a resistance line, and the lower slope serves as a support line. // Buy when the of the candle crosses the slope
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- I would like to take the time to explain the indicators needed for trading among the two indicator formulas previously disclosed. The HA-MS indicator is an indicator created using the Heikin...
This indicator is "Interactive" which means some inputs can are manually added through the first click after adding the indicator to the chart (SAR Trailing Stop-loss start point). Unlike the normal Parabolic SAR, this indicator allows for the modification of the start point of the Parabolic SAR’s first bar calculation. Normally, the Parabolic SAR automatically...
█ OVERVIEW This tool is based on both Bollinger Bands and Keltner Channels, and measures 3 distances between the two, respectively. Upper Kelt to Upper Bollinger Band Lower Kelt to Lower Bollinger Band Kelt Basis to Bollinger Basis Basis Similar to the Band Width indicator, this can be used as a measure of volatility, and can be used to measure...
The Turtle Trading approach* is a trend following system that uses volatility for position size. *(Richard Dennis & William Eckhardt ) Turtle traders use the N unit system for risk management, which has its own advantages. This indicator offers beginners a simple interface that uses the same logic. Using ATR (Average True Range) to measure volatility. The...
This is an indicator that shows the inflow and outflow of volume into a financial instrument. Volume is likely one of the most underrated source of data in trading unfortunately so there seems to be a lack of studies on it. The size of the candle is related to the strength of the move. The calculations for this are: cumulative sum of +volume if open < close OR...
Value at Risk can also be computed parametrically using a method known as variance/co-variance VaR. This method allows you to simulate a range of possibilities based on historical return distribution properties rather than actual return values. It's actually more accurate even though it assumes a normal distribution especially when not much data is available
Introduction Hello community, here I applied the Inverse Fisher Transform, Ehlers dominant cycle determination and smoothing methods on a simple Rate of Change (ROC) indicator You have a lot of options to adjust the indicator. Usage The rate of change is most often used to measure the change in a security's price over time. That's why it is a momentum...
Hello! This is simply Bollinger Bands calculated with HMA! Heres a recap on both. The Hull Moving Average (HMA) attempts to minimize the lag of a traditional moving average while retaining the smoothness of the moving average line. Developed by Alan Hull in 2005, this indicator makes use of weighted moving averages to prioritize more recent values and greatly...
Despite its crude name, the volatility system strategy, described by Richard Bookstaber in 1984, follows the simple premise that once there is a big volatile movement, the market tends to follow it. Thus, it uses the ATR to measure the volatility, and issues orders when the current change of the closing price exceeds the threshold, calculated by the ATR times a...
█ OVERVIEW This indicator displays a directional variant of Perry Kaufman's Efficiency Ratio, designed to gauge the "efficiency" of intrabar price movement by comparing the sum of movements of the lower timeframe bars composing a chart bar with the respective bar's movement on an average basis. █ CONCEPTS Efficiency Ratio (ER) Efficiency Ratio...
This is the Stochastic Oscillator but now instead of reading it raw we sum the stochastic over a window and then take the cumulative sum of the difference. This allows us to have a much smoother representation of the stochastic while seeing the true momentum relative to it. I hope you can find this useful! Refresher on Stochastic: Stochastics are range bound...
This script is meant to only show you the most significant volume moves. The way it works is it takes the cumulative sum of the delta of the volume. You can go from current all the way to ten bars back in your delta window. Review on what volume is: The Volume indicator measures how much of a given financial asset has traded in a specific period of time. Volume...
DESCRIPTION AND OVERVIEW The Average Daily Range is a measure of volatility (typically across 5 days for the FX markets). I originally saw this being used in a trading system called ANTSSYS by Daryll Guppy and some other developers. I couldn't find it anywhere so I decided to build it from scratch. What this does is allow you to measure volatility across various...
REVE stands for ‘Range Extensions Volume Expansions’. It seeks to report the same as the REVE which I published before. However the code uses a different algorithm to find the ‘usual range’ or ‘usual volume’ to which the current range and volume is compared. In the old REVE a function is coded which mimics a median() function.. In this code the median() function...
Bollinger Band is simply a representation of the rolling average of price and its standard deviation around the average (called the "basis"). This indicator generalizes the Bollinger Band by implementing many different equations to calculate the Bollinger Bands beyond the standard deviation and sma, and then plot the %B (where the current price falls inside the...