The Range Detector indicator aims to detect and highlight intervals where prices are ranging. The extremities of the ranges are highlighted in real-time, with breakouts being indicated by the color changes of the extremities.
Ranging prices are defined by a period of stationarity, that is where prices move within a specific range.
-This indicator is a waaaay simpler version of my other script - Moving Average-TREND POWER v1.1-(AS).
HOW DOES IT WORK:
-Script counts number of bars below or above selected Moving Average (u can se them by turning PLOT BARS on). Then multiplies number of bars by 0.01 and adds previous value. So in the uptrend indicator will be growing faster with every...
This is first version of this indicator. It's way more complicated than it should be. Check out Moving Average-TREND POWER v2.1-(AS), its waaaaay less complicated and might be better.Enjoy...
In simpliest form this script is a trend indicator that rises if Moving average if below price or falling if above and going back to zero if...
The True Trend oscillator identifies trending or ranging markets with a stochastic ATR and RSI. Here are some examples for how it can be used.
If the candlesticks are lime green, this signals an uptrend. On the oscillator, you can identify an uptrend if the bull strength (the green line) is above the bear strength (the red line). The strength of...
So this indicator tries to spot ranges;
Above the zero line is the data from green candles and below the zero line is the data from the red candles;
When the white area is > than the black area, it indicates that the DrawBack is higher than the DrawDown;
This might work counterintuitively for some people because, for a bullish candle, this means it has...
It uses heiken-ashi candles to find swing highs and lows, then check if candles are inside the range of them. This way you can filter out ranging market.
It may be better to use it in higher timeframe than current.
█ This indicator shows an upper and lower band based on Highs and Lows.
Depending on this, the indicator interprets a ranging market, an uptrend or a downtrend.
The purpose of this indicator is to identify when the price is ranging.
It's also used to identify changes in trends, breaking points, and trend reversals.
But it can also be used to show...
Standard Donchian Channels, this includes a Trend EMA which can be configured and the channels will use to give buy and sell signals. The channels are also colored in such a way to indicate a trend reversals. My favorite part that sets this apart from others is, if using the bClose option (which I recommend you do) the trend will not reverse until there is a close...
Standard Donchian Channels, this includes a Trend EMA which can be configured and the channels will use to give buy and sell signals. The channels are also colored in such a way to indicate a trend reversal. My favorite part that sets this apart from others is, if using the bClose option (which I recommend you do) the trend will not reverse until there is a close...
Hello Everyone. I hope you are all doing great. It's been a long time since I posted my first script here, and I got a lot of response from that.
So, I thought I should share this script also to everyone, and anyone that may find it useful. Personally, I use it to tell the general market conditions.
Here's how I works : The script tries to determine the overall...
A simple (but improved on my first attempt) way to determine a ranging market.
The defaults are for a specific use of my own so by no means feel a need to use them, adjust as needed.
By default this sits on the main chart however if you want to see the lines behind the result make a copy and put the copy on it's own chart and then just check the "Show ATR" and...
Sideways detection indicator using Bollinger bands .
In this case we take the original ratio between lower and upper and we smooth it even harder in order to get a better idea about the accuracy of the trend.
If the initial ratio is not between 0 and 1 and the smooth ratio is higher than our selected value, we get an idea if we are a in trending market or...
This script shows when price is in a range or trending. When the green line rises above the threshold the price is trending. When the green line falls below the threshold it's ranging. You may try adjusting the lookback way far back to find more areas of resistance.
It shows how many instances the current price has been crossed in the past...
This script is a useful tool to use to identify the current market. It includes three other indicators:
1. ATR (combined with a SMA of the ATR)
It allows you to filter for when the market is trending vs. when the market is ranging by using any of the three indicators. You can also combine them to find extremely good trends to trade, or if you're a...
I've created a simple oscillator which I think does a good job of easily showing you when price is worth watching or not. I think all too often you get stuck looking at something like an RSI and end up trading noise.
From my observations and experiences, I've found that there are 2 major catalysts for price movement--
Price is either trending and reaches a...
See market structure at a glance with Higher Highs and Lower Lows. Bullish/Bearish/Ranging market bias is automatically derived. Optionally get alerted for breaks in market structure. Uses true Local Highs/Lows instead of simply the highest/lowest "pivot" for x bars. Can be useful as a support for learning market structure or for alerts for a change in structure...
A simple yet powerful way to filter out choppy ranges or sideways moves without missing out on good trades
It calculates the %-distance of the price to a moving average so you can ignore buy/sell signals around the center line.
The upper and lower line are thresholds to catch reversals of the trend when the distance to moving average is increasing.
Display a smoothed true range during trending markets, thus filtering any measurement occurring during ranging markets. Whether the market is trending or ranging is determined by the position of the efficiency ratio relative to its Wilder moving average.
Resolution : resolution of the indicator
Length : period of the efficiency ratio and the...