This script is good to use with Williams %R indicator, to find out when price has bottomed out. ATR has to be over 90 and Williams %R ( lenght 52 ) has to be over 95 to find out level around which one is good to buy. You can check back, to see that this worked very well over history. Best way to use this 2 indicators is with DCA ( dollar cost average ), as area...
I do not own the original indicators. This is just a combination of the two because of their nature to work in a similar way. Camarilla Pivots run on the basis of intraday range trading. Usually after daily open you look the fade whatever move happened before. by shorting R3/H3 levels or longing R3/L3. Targeting the other side of the range. This is the infamous...
This just give the range based in % so it can be easily compared to the past. The default setting gives the % range high to low for the current session. This is what I originally wanted as a 1 period ATR gives it in price points and ROC only does current close to previous close. With this you can select OHLC for the two prices you want to use as well as...
This candle range comparison is similar to my original script Candle Range Compare . This script is to compares the size of open/close high/low and wick size side by side. This version of the script allows you to only show a chosen month of each year to compare. I hadn't even thought to try and vanish the part of the chart I'm not looking at. I'll consider...
An easy-peasy way to replace OHLC bars with candles on Range Bars chart. For further improvement you could also make "Up Bars" and "Down Bars" colors transparent (open Range Bars chart settings, do the change and save as default). Compare
This script is used to visually highlight candles which may signal a reversal following a false break of a support or resistance level. Inputs are: Lookback period: look for the highest high and the lowest low of the prior x bars. SMA length: used for a simple moving average of the range (high minus low) of the prior x bars. Range multiple: used to filter...
Visualizer of current or previous month(s), week(s) & days ranges Purpose: View last Monthly, Weekly, Daily, and/or a custom time interval OHLC, i.e. previously closed/confirmed or the ongoing higher time interval ranges Main configurations available: - 2 main reporting modes: View the current/ongoing M/W/D candles' OHLC (live, repaints) or report OHLC of last...
Example how to overlay the first lower timeframe bar of the day across the entire day. Set chart to a timeframe that is lower than 1 Day period. Also included option for coloring wick pressure of that bar. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have...
This is the baseline and range candles part of a larger algorithm called the "BERLIN Renegade". It is based on the NNFX way of trading, with some modifications. The baseline is used for price crossover signals, and consists of the LSMA. When price is below the baseline, the background turns red, and when it is above the baseline, the background turns green. It...
The original problem: The choppiness index is great at finding ranging markets, but it is sometimes very slow, which means most of the time it only catches the end of a trend. This indicator tries to solve this. It uses the choppiness index and filters it using a factor that is based on the standard deviation of the ATR. The ATR based filter is calculated by...
The original problem: The choppiness index is great at finding ranging markets, but it is sometimes very slow, which means most of the time it only catches the end of a trend. This indicator tries to solve this. It uses the choppiness index and filters it using a factor that is based on the standard deviation of the ATR. The ATR based filter is calculated by...
ORB 5 Min With Pre Market Data Opening Range 5 Minute Chart - set chart to 5m - enable pre market data (if using with tradingview, if not use my other script) - add your other indicators you like
This script plots an extension my other script High, Low, Inbetween. It sometimes makes it difficult to view the candles effectively so I've added this separately to my other script It calculates the range between high/low and midpoint. It then plots these lines as extensions from the high and low. This is done twice.
This indicator plots the daily high and low from the previous day. (BLACK) It then calculates the midpoint of the high and low and plots this. (RED) This indicator can be used to identify daily ranges and to identify possible support and resistance levels.
Simple script made to identify trading ranges in any timeframe The oscillator bounces between 1 and 0. 1 means that the current asset is in a trading range and 0 meaning it is not. The determination of a trading range is determined by the following: ATR(14)40 and RSI<60 ADX<25 Due to all 3 having to be fulfilled in order for the oscillator to show there is...
This indicator normalizes Day's candle with Open. Idea is to see the daily movement in the context of the Open of the Day. Larry Williams talks about Open being the most important price of the day. Hence, this indicator. The Green line is average Open-to-High for occurrences of Red days. The Red line is average Open-to-Low for occurrences of Green days. Average...