A market moving sideways will break out at one point in time. The trader does not know if the break-out will be upwards or downwards. Both are possible. The Range & Stop indicator offers the possibility to place an order in the edge of the fixed range area. If one order is executed, the other order can be the take profit order. If price its trending price will...
ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is 14 bars, although other time periods can be used. ADX can be used on any trading vehicle such as stocks, mutual funds, exchange-traded funds and futures. ADX is plotted as a single line with values...
Trade Range Indicator BASIC - AltSumo.com Ideal for automatically updating the traderanges on a hourly, daily, weekly or monthly timeframe . You don't have to add support/resistance lines manually anymore. Just choose the desired range timeframe and the indicator will add the the ranges on the chart....
Script for automatic trading with Alerts (Use Backtest to customize your own settings) All timeframes but good results on 2H. LG --> Long ST --> Short TS --> Trailing Stop xL --> Close Long Position xS --> Close Short Position SL --> Stop Loss The trailing stop closes the trade if the price changes direction by a specified percentage or offset. There is no...
Introduction People often ask me what is my best indicators, i can't really respond to this question with a straight answer but i would say you to check this indicator. The Autonomous Recursive Moving Average (ARMA) is an adaptive moving average that try to minimize the sum of squares thanks to a ternary operator, this choice can seem surprising since most of...
a few functions to generate pseudo random values.
Chris Moody's script. I just lessened the line/circle width, got rid of the highlighting overall, and reduced the highlighting between OR high and OR low.
This script shows average absolute values of the open minus close (or largest of open to high/low if option is selected), for each hour of the day. It can be used to find high and low volatility hours for strangles and butterflies. You must have the daily time frame selected for it to work properly. The "mul" multiplier will show "whole pips" (i.e. 10 instead of...
A number of experiments have been tested, refined and combined into a trend following system. There's elements of pivot boss, multiple length volume weighted ALMA based trend detection (optional MTF) and my own "chandelier" based cycle/volatility bands. Inner bands indicate short term volatility range, support/resistance, Outer bands medium term. Inner band...
Having good pattern recognition? Use this indicator to test and practice it. Market is full of life, with seasons. 9 Seasons Rainbow Indicator displays 9 seasons of any trading instrument in multiple time frames, helping traders and investors understand the flow of price. The combination of seasons in different time dimensions may give perfect trading signals,...
This script tries to identify trending regions and ranging choppy regions. Green areas are trends; Red areas are consolidation areas. If you are a trend follower trader you should focus on green areas; If you are a harmonic pattern trader you should focus on red areas. I did not play with the parameters extensively, but as a rule of thumb higher parameters...
A range based on a user chosen top and bottom. With that the: Middle of range +/- 0.25% / 0.5% / 1% away from middle of the range +/- 0.5% / 1% away from range top and range bottom are given. A list of my premium indicators: medium.com Below are some examples of how a range can be chosen: Another way is choosing a higher timeframe candle that...
The historical range of an instrument relative to price.
This script just shows a histogram of the daily range. You can change the interval to view the high/low range of any period, but I use it just to see what the day's range is and how it compares to prior days. Simple and straightforward.
This indicator was originally developed by Vitali Apirine (Stocks & Commodities , V.34:9 (August, 2016): "The Middle-High-Low Moving Average"). You can use it to create a crossover trading system in conjuction with EMA/SMA. Good luck!
It's a useful script for pairs where you can operate long and short. It's a combination algorithm of the Range filter and the ADX. The ADX helps to make the decision to enter to open long or short position. LG --> Long xL --> Close Long position ST --> Short xS --> close Short Position Enjoy!!!