This finds the standard deviation of a stock's price given a time. It also finds the average daily jump and the biggest daily jump.
I know, it was a hassle, calculating each SL and TP values on your MT4 or MT5, after you decide to enter a trade on FTMO (or any other broker really). Especially if your broker values are way off from your TradingView chart. Here's a dynamic dashboard that shows you your entry, stop loss and your take profit values for your trading platform. Just enter...
The original bollinger bands have a fixed deviation of 2%, this channel calculates the ATR % (Atr Percentage) and places the upper and lower bands
Hello All, Monte Carlo Simulation is a model used to predict the probability of different outcomes when the intervention of random variables is present. it is used by professionals in such widely disparate fields as finance, project management etc. You can find many articles about Monte Carlo Simulation on the net. In this script I tried to make Monte Carlo...
This indicator is made to see the trend of candle movement. there are three lines namely top, middle, and bottom. the top and bottom lines are made using the Keltner channel indicator and the middle line is made using the exponential moving average indicator. there is a forecast point for the midline to determine the future movement of the candle. however, it...
this is a unique script because it calibrates each new trading day from midnight new york time rather than the traditional market open time we were taught in books which are not correct.it works in a currencies pairs and not too reliable in commodities and indices
Turtle Rules: To trade exactly like the turtles did, you need to set up two indicators representing the main and the failsafe system. Set up the main indicator with TradePeriod = 20 and StopPeriod = 10 (A.k.a S1) Set up the failsafe indicator with TradePeriod = 55 and StopPeriod = 20 (A.k.a S2) The entry strategy using S1 is as follows Buy 20-day breakouts...
What is a Fair Value Gap or a Gap? There may be different explanation or reasons of gaps In Forex, my knowledge says that gaps are not very common and they are filled when ever market gets an opportunity to fill. I am trying to figure out the fair Value gap through this indicator. Gaps are sharp breaks in price with no trading occurring in between. Gaps can...
Here is an attempt to segregate ATR into ATR of up days and down days. While setting trailing stops based on ATR, you probably need to consider more on how an instrument can drop during red days. Hence, ATR of only red days makes more compelling case than overall ATR. Another use case for this kind of indicator may be in options if you are selling puts and calls...
A stoploss system that enables traders to exit with limited loss or even trailing loss. Use the levels of indicator against the candle that has seen signidicant move for running positions and the candle in which a new position is taken. Example : For long Nifty Future at 14990 levels, when Indicator is showing 14820 at bottom on a 30 min chart, 14820 can be...
Hello trader friends, A very simple but effective supertrend startegy which help u to get good RR. It is combination of 3 supertrend values with sma crossover. Enrty at pullback after sma crossover , exit only if sell signal low is broken. I hope it will help my trader friends. Love Indyan
Hello traders! We have heard many times that keep your losses small and allow your profits to grow. But what happens is that we often make the mistake of doing high-margin trades that we cannot afford to lose. The main reason for this problem, in my opinion, is the rush to open a position and not paying attention to how much acceptable loss in each trade is for...
Dear Followers, today another awesome Analysis Tool, that you can use in your trading journey: Price Levels ! Are you a range trading player? a scalper? or maybe a day-trader or a swing-trader? This is for you then. Indeed it's for everyone. This indicator works on every timeframe, market and pair. It keeps track of recent important levels generated by price...
This indicator just tracks lows/highs and "snaps a line" when the delta exceeds a buck (or whatever you configure) and starts tracking again from that new point.
Stdev Breakout Strategy Description: This script generates a long entry signal when the Standard Deviation crosses over the Simple Moving Average and the Close is greater than the Open, and/or generates a short entry signal when the Standard Deviation crosses under the Simple Moving Average and the Close is less than the Open.
Indicator «DX24 Version 2.0» Class : scalpel hybrid Period : 5 minutes – 15 minutes Designed for short-term intraday trading. The indicator consists of three blocks: level-block, trend-block and statistical-block. The level block is used to determine the entry points, as well as the basic parameters of the trade (stop loss and take profit). The trend...
This is my simple indicator to help identify whether an upside bar is unusual or not. I like to see a bar as particularly unusual like a 15% move in a long period where a typical move is under 5%. It usually signals a buying climax and the end of that short term rally. I compares the previous bar's close to the current bar's high and is expressed as a percentage....
This is my simple indicator to help identify whether a downside bar is unusual or not. I like to see a bar as particularly unusual like a 15% move in a long period where a typical move is under 5%. It usually signals a selling climax and the end of that short term selloff. I compares the previous bar's close to the current bar's low and is expressed as a...