Function to derive the frequency a range is visited over time. returns value (0 to 1) percent multiplier
Request for DCC/coondawg71 added support for using session. theres a issue with the session it needs to have the format inverted: (start-end) to (end-start) '0000-1500' to '1500-0000'
Grid based on maximum range (largest candle) avaible on loaded data.
Average Price Movement inidcator displays the high/low for the period over time. On top of that an 8 period exponential moving avergae is attached to get average movement over time. It provides, for eg. on a Daily chart, gives a day range and this can be used to book profits or place stop loss. It is very simple indicator to provide price range over time.
UPDATE: had a minor bug on how to detect the range.
EXPERIMENTAL: WARNING: this strategy repaints after reloading and results are heavily curve fitted, use at your own discretion. UPDATE: (AleksanderThor) add option for a 2nd target, to use you need to activate pyramiding with a setting of 1 manually (not possible to change programatically) .
Uses daily average ranges of 5 and 10 (most used) as buy (support) and highs (resistance) areas - half ranges used in calculations for a more accurate "forecast" of the H and L . Uses open but not close, so it does not repaint - experimental
Plain 5 min Opening Range breakout. Exits are up to you.
absolute range divided by 64 pieces, needs part 1 to complete. part 2 of 2
absolute range divided by 32 pieces part 1 of 2
EXPERIMENTAL: Scalper channel inspired by keltner's channels
Easy script to find candles which body is less than 50% of candle range.
EXPERIMENTAL: center is based on the mean of price on X bars lookback window, channel width is determined buy maximum volatility from the mean outwards(to the extremes).
EXPERIMENTAL: Adaptation from stop hunt levels: Uses timeframe and atr to set ranges.