SuperTrendRange study attempts to determine the state of the market
• whether a well-established bull/bear trend is present
• whether the market is trading in a range
SuperTrendRange (STR) takes into account the volatility of the market - further details regarding volatility can be found in the description of “Volatility Bands by DGT” study
Due to its...
---- May 05 2015 -----
Added support for filtered ranges:
RID V3 : pastebin.com
RIDv3 has full backward compatibility (!?), meaning all my descriptions below still apply for V3.
-- In addition, I have added a NON-OVERLAY mode, which can be put in its own pane, that shows the number of bars in the current range.
-- in Overlay mode, you can switch on/off...
This script plots the high/low of any custom session and extends it until the daily close. It does not show on the timeframe higher than the length of custom opening session by default.
The time period of opening range & the max timeframe to display it on can be adjusted from the settings.
So for eg. if want to use 5m ORB to trade, then set "ORB total time"...
High & Low Of Custom Session - OpeningRange Breakout (Expo) prints the high and the low of a custom session.
I use the indicator to trade the re-test of opening range (high/low) as well as breakouts from the opening range. The same logic can be applied to the session you have chosen.
HOW TO USE
1. Use the indicator to trade the re-tests of the session...
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...
Creates a box around a specified time range with the ability to extend the lines to a later time.
- Background in box
- Remove historical boxes
- Extend lines in future instead of only till current price
There's similar but complex indicators out there, I'll leave this code as open source and you have permission to reuse and not credit me.
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
A good amount of users requested a text box showing various price statistics, the following script returns various of these stats in a user-selected range, and include classical ones such as a central tendency measurement (mean), dispersion (normalized range) and percent change, but also include less common statistics such as average traded volume and number of...
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...
This indicator uses the concept of the "Opening Range" to create a Fibonacci zone from the high and low set during a specific time period after open (Defaults to 9:30 - 10:05 AM, EST)
The Opening Range is a popular tool for intraday technical analysis. Price frequently uses these levels as support/resistance, and a breakout from within the range can be a sign of...
The Range Expansion Index ( REI ) oscillator is based on Tom Demark's studies and described in "DeMark on Day Trading Options" book.
Range Expansion Index is an oscillator which compares current intraday highs and lows with the high and low of two bars ago.
The indicator oscillates between +100 and - 100, Default overbought and oversold conditions are 45/-45...
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...