1st Gray Cross Signals ━ Histogram SQZMOM [whvntr][LazyBear]This is the Histogram Version of one of my other indicators named: SQZ Momentum + 1st Gray Cross Signals (with arrows) Which is a modification of "Squeeze Momentum Indicator" by user: "LazyBear". In that indicator of his he described, and suggested, the use of his gray cross signals to find points of interest for trading based on the direction of momentum when the first gray cross appears... I have programmed these points, and highlighted them, for ease of use. The 1st gray cross strategy, he said , is from John F. Carter's book, Chapter 11, "Mastering the Trade".
Here we have the Histogram version, with background highlights only, and nothing on the chart, in true SQZ Momentum style.
Disclaimer: using this indicator, or any indicator anywhere, involves risk when trading and isn't a guarantee of 100% accurate results.
Volatilité
Average Deviation Bands (ADB)The Average Deviation Bands indicator is a technical analysis tool that plots multiple bands around the average price of an asset. These bands are calculated using the standard deviation of the asset's price over a specified time period, as well as the average price of the asset over the same period. However, it's important to note that the standard deviation is only calculated for the specified time period leading up to the current point in the data set. The indicator then takes the average of all of these standard deviation values to plot the bands. The number and width of the bands can be customized by the user. The bands can be used to identify potential trend changes and to assess the volatility of the asset. The indicator is often used in combination with other technical analysis tools to provide a more complete picture of market conditions.
Trop BandsTrop Bands is a tool that uses an exponential moving average (EMA) as its central trendline and upper and lower bands to identify potential buying and selling opportunities in the market. The bands are calculated based on recent moves away from the EMA, and they are plotted around the central trendline to provide a visual representation of market trends and conditions. When the price moves outside of these bands, it can be seen as a signal that the security is overbought or oversold and may be ready for a reversal, just like Bollinger Bands.
In addition to providing signals when the price moves outside of the bands, the indicator can also show triangles outside/inside the bands. These triangles are based on the Demand Index developed by James Sibbet and are intended to provide additional confirmation of potential trading opportunities. They can be used in conjunction with other technical analysis tools to help identifying potential trading opportunities in the market.
Session Ranges by CeleSimple indicator that shows the various daily sessions and includes a pip counter for every different session.
RedK K-MACD : a MACD with some more musclesMoving Averages are probably the most commonly used analysis tools, and MACD is possibly the first charting indicator a trader gets to learn about.
MACD Basic concept
----------------------------
Without repeating all the tons of documentation about what MACD does, let's quickly re-visit the MACD concept from a 10-mile altitude (note we're keen on simplifying here rather than being technically accurate - so please forgive the use of any "common lingos")
- MACD goal is to represent the distance between 2 Moving Averages (MAs) - one fast and one slow, relatively - as an unrestricted zero-based oscillator.
- The value of the main MACD line is the distance, or the displacement between the 2 MA's
- usually a signal line is used (which is another MA of that distance value) to enable better visualization of the change (and rate of change, since this is all depicted on a time axis) of that displacement - this represents price momentum (price movement in the recent period versus movements for a relatively longer period).
- the difference between the main MACD line and its signal is then represented as a histogram above and below the zero line. in this case, that histogram is really redundant, since it shows a value that is already represented visually by the main line and its signal line.
How K-MACD is different
---------------------------------
K-MACD takes that simple concept of the classic MACD and expands around it - the idea is to use the same simple approach to representing price momentum while bringing in more insight to price moves in the short, medium and long terms, ability to represent more than 2 MA's and to enable better identification of tradeable patterns (like Volatility Contraction and others) - while still keeping things simple and visually clean.
K-MACD is an indicator that allows us to view how price moves against 3 moving averages: a fast / slow pair, and a "market" Filter or Baseline (very long) that will be used as a flag for Bear/Bull market mode. Many traders and trading literature use the 200 day (40 week) SMA as that key filter
so in total, there are 4 MA lines in K-MACD (excluding the "orange" signal line):
* Price Proxy: Which is a very fast moving average that will represent the price itself - let's use a WMA(3) or something close to that here - there will be a signal line to enable better visualization of this similar to a classic MACD - that's the orange line
* Fast & Slow MA's : Use whatever represents the "medium term" momentum for your trading - Some traders use 20 and 50, others use 10 and 20 .. if on your price chart, you keep using a pair of MA's for this, use the same settings in K-MACD - these will be represented by the 3-color Momentum Bars that fluctuate above and below the baseline
* Filter/Baseline MA: Should be your long (Bullish/Bearish Mode) MA. so 100 or 200 or any other value you consider your market to be bearish below and bullish above. on K-MACD this is actually the blue zero line - everything else is "relative" to it
Review the sample chart which explains various elements and the "price chart" setup that K-MACD represents. With K-MACD you can clean up your chart from those various Moving Averages - or use a different set than the ones you already have K-MACD represent - or other indicators (like ATR channels..etc)
Other "muscles" in the K-MACD
---------------------------------------------
- Relative vs Classic Calculation Mode
A key issue with the classic MACD is that the displacement between the 2 moving averages is represented as "absolute or direct" values - as the price of the underlying increases with time, you can't really use these values to make useful comparison between the past and now (see below example) - also you can't use them to compare 2 different instruments.
- The "Relative" calculation option in K-MACD addresses that issue by relating all "distances" to the Baseline MA as percentage (above or below) - you can see this clear when you look at the above chart the far left versus the far right and compare K-MACD with the classic MACD - the Classic option is still available
- More MA "type" options for all MA lines: choose between SMA, EMA, WMA, and RSS_WMA (which i use a lot in my trading and is my default for the Price Proxy)
- More Alerts: a total or 9 alerts (in 3 groups) are available with K-MACD (Momentum above or below baseline, Price Proxy crossing signal line, and Price Proxy crossing baseline)
- New 52 week High / Low markers: These will show as Green/red circles on the zero line in K-MACD. this will only work for 1D timeframe and above, i'm just using a simple approach and would like to keep it that way.
- i know i added some more features not covered above :) -- if you have questions about any of the settings, feel free to ask below
Closing thoughts
-------------------------
K-MACD is a combination of couple of indicators i published in the past (xMACD and Mo_Bars) - so you can go back and read about them if needed - I then added improvements to accommodate ideas from swing trading literature and common practices that i plan to focus on in future. So K-MACD is really part of my own trading setup.
I assume here that most traders are familiar with what a MACD is - so kept this post short - if you thing we should expand more about the concepts covered here let me know in the comments - i can make some separate posts with examples and more details.
I hope many fellow traders find this work useful - and feel free let me know in comments below if you do.
ATR Oscillator - Index (Average True range Oscillator)The purpose of converting the ATR value indicator to an oscillator;
It is known that the ATR value is not between the two specified values. So it is not compressed between 0 and 100 like RSI and %B etc. Therefore, conditions such as "A condition if ATR value is X, B condition if ATR value is Y" cannot be created. In order to create these conditions, the max and min value range of the ATR value must be determined. This indicator converts the ATR values into a percentage number according to the maximum and minimum ATR values in the period you will choose. Max value is 100, min value is 0. The considered ATR value, on the other hand, corresponds to the % of the difference between the max and min value in the selected period.
In this way, conditions such as "If the ATR Oscillator value is greater than 10 or 20 or 30" can now be created, or the value of another indicator can be calculated based on the ATR Oscillator value. For example; Let's say we want the standard deviation of BBand to change according to the value of the ATR Oscillator. If BBand Standard Deviation is 3 if ATRO value is 100, BBand Standard Deviation is 2 if ATRO value is 0, and BBand Standard Deviation is 2.5 when ATRO value is 50;
We can encode it as BBand_Std_Dev=((ATRO*0.01)+2 )
If the ATRO value is between .... and ...., you can make improvements such as plot color X.
ATR_RSI_Strategy v2 with no repaint [liwei666]🎲 Overview
🎯 this is a optimized version based on ATR_RSI_Strategy with no-repaint.
Sharpe ratio: 1.4, trade times: 116 ,
trade symbol: BINANCE:BTCUSDTPERP 15M
you can get same backtesting result with the correct settings.
🎲 Strategy Logic
🎯 the core logic is quite simple, use ATR and RSI and SMA
1. when price is in high volatility ( atr_value > atr_ma);
2. wait for a break signal (rsi_value > rsi_buy or rsi_value < rsi_sell);
3. entry Long or Short,use trailing stop-loss to max security and percent TP to keep profit.
🎲 Settings
🎯 there are 7 input properties in script, but I only finetune 4 of them ( bold field below ),
you may change other parameter to get better result by yourself.
atr_length: length to get atr value
atr_ma_length : length of smoothing atr value
atr_ma_norm_min : atr_ma normalized min value, filter high volatility ranges
atr_ma_norm_max : atr_ma normalized max value, filter high volatility ranges
rsi_length : length to get rsi value
rsi_entry: 50 +/- rsi_entry to get entry threshold
trailing_percent: trailing stop-loss percent
🎲 Usage
🎯 the commission set to 0.05% , part of exchange the commission is less than 0.05% in reality,
but I will still use 0.05% in my next script.
🎯 this script use 50% of equity to size positions follow general script position,
you can adjust the value to fix size or 100% of equity to compare result with other strategy,
but I still suggest you use 5-10% of equity for each strategy in reality.
🎯any questions please comment below. if there are any words violate House Rule, please tell me below and i will revise immediately
don't want be hiddened again 😂😂
Additionally, I plan to publish 20 profitable strategies in 2023;
let‘s witness it together!
Hope this strategy will be usefull for you :)
enjoy! 🚀🚀🚀
Fibonacci Bollinger Bands (FBB)The Fibonacci Moving Average (FMA) is an indicator for financial markets that is calculated using the Fibonacci sequence and the metallic mean. The metallic mean is a type of average that is calculated by adding the source and the square root of the sum of the square of the source and 4, and then dividing the result by 2. The FMA is then calculated by using the metallic mean of the source as the weight for each period in the given length, and summing these weighted values. The standard deviation of the metallic mean of the source is also calculated using the FMA over the given length.
Users can input the source data and the length for the FMA calculation, as well as a series of boolean values to determine which levels of the FMA to plot on the chart. The levels include the standard deviation of the metallic mean of the source, as well as various multiples of the Fibonacci ratios between 0 and 2.618. The resulting FMA and standard deviation values can be plotted on the chart to help traders identify trends and potential entry and exit points in the market.
Double RSI + BBRSI stands for Relative Strength Index.
Bollinger Bands stands for a channel open by standard deviation values plotting upper, lower lines.
Double RSI with Bollinger bands adapted Bollinger bands to RSI not using overlay mode. It tries to filter fake signals while giving more good signals according to volatility even below overbought areas or above oversold areas. This way you can use greater values for RSI, like 25 and 100, increasing smoothness with less market noise.
We added an extra gap spacer to smooth Bollinger bands while widening the channel with a lower multiplier.
I found better results when Fast RSI crosses back into Bollinger bands channel.
You can play with the following settings:
• Source
Close is the most used
• Fast RSI length
Default to 25
• Slow RSI length
Default to 100
• RSI Smoothing
To filter out some graphic noise
• RSI Overbought, Oversold
Regular overbought, oversold lines handled by a single value. For 70/30, set it to 20 although with longer RSI something around 15 is enough.
• Bollinger Spacer
Ads thickness to the channel with lower multiplier
• Bollinger Length
Regular Bollinger length applied to slow RSI
• Bollinger Multiplier
Regular Bollinger multiplier applied to slow RSI
Disclaimer:
For study purposes only, trading without a good risk management can be regrettable, do your own research, always add confirmations, use it as is, at your own risk.
Trendly
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About the script:
This script is an easy-to-use trend indicator, which is based on another popular indicator called "Supertrend" . The basic idea is very simple, i.e. to compute Average True Range(ATR) and use that as the basis for trend detection. The key difference lies in a custom trend detection method, that computes trends across different timeframes and projects them in a table view. The script also tries to improve the behaviour of the existing indicator by highlighting flat regions on the chart, indicating sideways market or potential trend reversals.
How to use it:
You can use it just like any other indicator, add it to your chart and start analysing market trends. Results can be interpreted as follows.
Indicator output is currently made up of two main components:
>> Trend Table:
Appears at the bottom right of your screen
Contains trend indicator for 9 different timeframes
Timeframes can be adjusted using indicator settings panel
Green Up Arrow --> Up Trend
Red Down Arrow --> Down Trend
>> Enhanced Supertrend:
Shows up as a line plot on the chart
Green line indicates up trend
Red line indicates down trend
White regions indicates slow moving markets or a potential trend reversal
Indicator can be used on any timeframe, it provides a view of current and historical market trend
Can be used as an indicator for entering/exiting trades
Can be used to build custom trading strategies
[LazyBear] SQZ Momentum + 1st Gray Cross Signals ━ whvntrI have modified LazyBears Squeeze Momentum Indicator with enhancements, plus added signals
LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "Mr. Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes (increase or decrease --- signified by a color change)." I have done just that. Now at each "first gray after a black cross", there are now Bearish and Bullish signals.. The signals only appear in the direction of the momentum.
Disclaimer: This indicator does not constitute investment advice. Trade at your own
risk with this method of identifying changes in stock market momentum.
CVD - Cumulative Volume Delta (Chart)█ OVERVIEW
This indicator displays cumulative volume delta (CVD) as an on-chart oscillator. It uses intrabar analysis to obtain more precise volume delta information compared to methods that only use the chart's timeframe.
The core concepts in this script come from our first CVD indicator , which displays CVD values as plot candles in a separate indicator pane. In this script, CVD values are scaled according to price ranges and represented on the main chart pane.
█ CONCEPTS
Bar polarity
Bar polarity refers to the position of the close price relative to the open price. In other words, bar polarity is the direction of price change.
Intrabars
Intrabars are chart bars at a lower timeframe than the chart's. Each 1H chart bar of a 24x7 market will, for example, usually contain 60 bars at the lower timeframe of 1min, provided there was market activity during each minute of the hour. Mining information from intrabars can be useful in that it offers traders visibility on the activity inside a chart bar.
Lower timeframes (LTFs)
A lower timeframe is a timeframe that is smaller than the chart's timeframe. This script utilizes a LTF to analyze intrabars, or price changes within a chart bar. The lower the LTF, the more intrabars are analyzed, but the less chart bars can display information due to the limited number of intrabars that can be analyzed.
Volume delta
Volume delta is a measure that separates volume into "up" and "down" parts, then takes the difference to estimate the net demand for the asset. This approach gives traders a more detailed insight when analyzing volume and market sentiment. There are several methods for determining whether an asset's volume belongs in the "up" or "down" category. Some indicators, such as On Balance Volume and the Klinger Oscillator , use the change in price between bars to assign volume values to the appropriate category. Others, such as Chaikin Money Flow , make assumptions based on open, high, low, and close prices. The most accurate method involves using tick data to determine whether each transaction occurred at the bid or ask price and assigning the volume value to the appropriate category accordingly. However, this method requires a large amount of data on historical bars, which can limit the historical depth of charts and the number of symbols for which tick data is available.
In the context where historical tick data is not yet available on TradingView, intrabar analysis is the most precise technique to calculate volume delta on historical bars on our charts. This indicator uses intrabar analysis to achieve a compromise between simplicity and accuracy in calculating volume delta on historical bars. Our Volume Profile indicators use it as well. Other volume delta indicators in our Community Scripts , such as the Realtime 5D Profile , use real-time chart updates to achieve more precise volume delta calculations. However, these indicators aren't suitable for analyzing historical bars since they only work for real-time analysis.
This is the logic we use to assign intrabar volume to the "up" or "down" category:
• If the intrabar's open and close values are different, their relative position is used.
• If the intrabar's open and close values are the same, the difference between the intrabar's close and the previous intrabar's close is used.
• As a last resort, when there is no movement during an intrabar and it closes at the same price as the previous intrabar, the last known polarity is used.
Once all intrabars comprising a chart bar are analyzed, we calculate the net difference between "up" and "down" intrabar volume to produce the volume delta for the chart bar.
█ FEATURES
CVD resets
The "cumulative" part of the indicator's name stems from the fact that calculations accumulate during a period of time. By periodically resetting the volume delta accumulation, we can analyze the progression of volume delta across manageable chunks, which is often more useful than looking at volume delta accumulated from the beginning of a chart's history.
You can configure the reset period using the "CVD Resets" input, which offers the following selections:
• None : Calculations do not reset.
• On a fixed higher timeframe : Calculations reset on the higher timeframe you select in the "Fixed higher timeframe" field.
• At a fixed time that you specify.
• At the beginning of the regular session .
• On trend changes : Calculations reset on the direction change of either the Aroon indicator, Parabolic SAR , or Supertrend .
• On a stepped higher timeframe : Calculations reset on a higher timeframe automatically stepped using the chart's timeframe and following these rules:
Chart TF HTF
< 1min 1H
< 3H 1D
<= 12H 1W
< 1W 1M
>= 1W 1Y
Specifying intrabar precision
Ten options are included in the script to control the number of intrabars used per chart bar for calculations. The greater the number of intrabars per chart bar, the fewer chart bars can be analyzed.
The first five options allow users to specify the approximate amount of chart bars to be covered:
• Least Precise (Most chart bars) : Covers all chart bars by dividing the current timeframe by four.
This ensures the highest level of intrabar precision while achieving complete coverage for the dataset.
• Less Precise (Some chart bars) & More Precise (Less chart bars) : These options calculate a stepped LTF in relation to the current chart's timeframe.
• Very precise (2min intrabars) : Uses the second highest quantity of intrabars possible with the 2min LTF.
• Most precise (1min intrabars) : Uses the maximum quantity of intrabars possible with the 1min LTF.
The stepped lower timeframe for "Less Precise" and "More Precise" options is calculated from the current chart's timeframe as follows:
Chart Timeframe Lower Timeframe
Less Precise More Precise
< 1hr 1min 1min
< 1D 15min 1min
< 1W 2hr 30min
> 1W 1D 60min
The last five options allow users to specify an approximate fixed number of intrabars to analyze per chart bar. The available choices are 12, 24, 50, 100, and 250. The script will calculate the LTF which most closely approximates the specified number of intrabars per chart bar. Keep in mind that due to factors such as the length of a ticker's sessions and rounding of the LTF, it is not always possible to produce the exact number specified. However, the script will do its best to get as close to the value as possible.
As there is a limit to the number of intrabars that can be analyzed by a script, a tradeoff occurs between the number of intrabars analyzed per chart bar and the chart bars for which calculations are possible.
Display
This script displays raw or cumulative volume delta values on the chart as either line or histogram oscillator zones scaled according to the price chart, allowing traders to visualize volume activity on each bar or cumulatively over time. The indicator's background shows where CVD resets occur, demarcating the beginning of new zones. The vertical axis of each oscillator zone is scaled relative to the one with the highest price range, and the oscillator values are scaled relative to the highest volume delta. A vertical offset is applied to each oscillator zone so that the highest oscillator value aligns with the lowest price. This method ensures an accurate, intuitive visual comparison of volume activity within zones, as the scale is consistent across the chart, and oscillator values sit below prices. The vertical scale of oscillator zones can be adjusted using the "Zone Height" input in the script settings.
This script displays labels at the highest and lowest oscillator values in each zone, which can be enabled using the "Hi/Lo Labels" input in the "Visuals" section of the script settings. Additionally, the oscillator's value on a chart bar is displayed as a tooltip when a user hovers over the bar, which can be enabled using the "Value Tooltips" input.
Divergences occur when the polarity of volume delta does not match that of the chart bar. The script displays divergences as bar colors and background colors that can be enabled using the "Color bars on divergences" and "Color background on divergences" inputs.
An information box in the lower-left corner of the indicator displays the HTF used for resets, the LTF used for intrabars, the average quantity of intrabars per chart bar, and the number of chart bars for which there is LTF data. This is enabled using the "Show information box" input in the "Visuals" section of the script settings.
FOR Pine Script™ CODERS
• This script utilizes `ltf()` and `ltfStats()` from the lower_tf library.
The `ltf()` function determines the appropriate lower timeframe from the selected calculation mode and chart timeframe, and returns it in a format that can be used with request.security_lower_tf() .
The `ltfStats()` function, on the other hand, is used to compute and display statistical information about the lower timeframe in an information box.
• The script utilizes display.data_window and display.status_line to restrict the display of certain plots.
These new built-ins allow coders to fine-tune where a script’s plot values are displayed.
• The newly added session.isfirstbar_regular built-in allows for resetting the CVD segments at the start of the regular session.
• The VisibleChart library developed by our resident PineCoders team leverages the chart.left_visible_bar_time and chart.right_visible_bar_time variables to optimize the performance of this script.
These variables identify the opening time of the leftmost and rightmost visible bars on the chart, allowing the script to recalculate and draw objects only within the range of visible bars as the user scrolls.
This functionality also enables the scaling of the oscillator zones.
These variables are just a couple of the many new built-ins available in the chart.* namespace.
For more information, check out this blog post or look them up by typing "chart." in the Pine Script™ Reference Manual .
• Our ta library has undergone significant updates recently, including the incorporation of the `aroon()` indicator used as a method for resetting CVD segments within this script.
Revisit the library to see more of the newly added content!
Look first. Then leap.
ka66: Alpha-Configurable EMAAllows directly modifying the Alpha/Smoothing Factor parameter of an EMA. This can allow for very close fits to price movement, instead of the more standard coarse-grained approach of adjusting smoothing via the look-back period.
Furthermore, we allow smoothing this EMA further by passing the original EMA through the EMA function again, and the output of this, yet again, to as many smoothing iterations are desired. For efficiency and practicality, limited to 10 iterations. This is inspired by indicators such as the DEMA.
Finally, we allow producing bands, with a configurable multiplier, around the final EMA. Useful for dynamic S/R levels, e.g. to use as trailing stop zones.
Volume Weighted Hull Moving Average Bollinger Bands (VWHBB)Title: "Volume Weighted Hull Moving Average Bollinger Bands Indicator for TradingView"
Abstract: This script presents a TradingView indicator that displays Bollinger Bands based on the volume weighted Hull Moving Average (VEHMA) of a financial asset. The VEHMA is a technical analysis tool that combines the reduced lag of the Hull Moving Average (HMA) with volume weighting to provide a more sensitive indicator of market trends and dynamics. The Bollinger Bands are a volatility indicator that plot upper and lower bands around a moving average, which can help traders identify potential trend changes and overbought or oversold conditions. The script allows the user to customize the VEHMA length and Bollinger Band deviation parameters.
Introduction: Bollinger Bands are a popular technical analysis tool used to identify potential trend changes and overbought or oversold conditions in the market. They are constructed by plotting upper and lower bands around a moving average, with the width of the bands determined by the volatility of the asset. The VEHMA is a variant of the Hull Moving Average (HMA) that combines the reduced lag of the HMA with volume weighting to provide a more sensitive indicator of market trends and dynamics.
Methodology: The VEHMA is calculated using a weighted average of two exponential moving averages (EMAs), with the weighting based on the volume of the asset and the length of the moving average. The Bollinger Bands are calculated by plotting the VEHMA plus and minus a standard deviation of the asset's price over a specified period. The standard deviation is a measure of the volatility of the asset and helps to adjust the width of the bands based on market conditions.
Implementation: The script is implemented in TradingView's PineScript language and can be easily added to any chart on the platform. The user can customize the VEHMA length and Bollinger Band deviation parameters to suit their trading strategy. The VEHMA, Bollinger Bands, and fill colors are plotted on the chart to provide a visual representation of the indicator.
Conclusion: The VEHMA Bollinger Bands indicator is a useful tool for traders looking to identify potential trend changes and overbought or oversold conditions in the market. This script provides a convenient and customizable implementation of the indicator for use in TradingView.
OHLC ToolOHLC Tool allows you to display Current or Historical OHLC Values as horizontal lines that extend to the right on your chart.
Features
Variable Lookback to display a specific historical bar's values. Default = 1 (Previous Candle)
Customizable Timeframe to view HTF Candle values.
Custom Line Colors, Styles, and Thicknesses.
Price Scale Value Display Capability.
For displaying the line values and labels on the price scale you will need to enable:
"Indicator and financials name labels"
and
"Indicator and financials value labels"
These options are found in the Price Scale Menu under Labels. Price Scale Menu > Labels
When you do this you will notice your other indicator values will also be on the price scale,
if you wish to disable these, go to the indicator settings under the "Style" Tab, Uncheck the "Labels on price scale" box.
Indicator Settings > Style > "Labels on price scale"
Enjoy!
BankNifty Dash
This indicator to be used only in BankNifty , shows Values of BankNifty Index & its top constituents.
Dashboard Interpretation :
LTP - Last Traded Price.
D High - Day High.
D Low - Day Low.
I Points - Shows the contribution of top BankNifty constituents according to its weightage.
PH-PL - "PH - PL" means LTP is trading between Previous Days High( PH ) & Previous Days Low( PL ) which indicates Rangebound-ness.
"+ PH" means LTP is trading above Previous Days High( PH ) which indicates Bullish-ness.
"- PL" means LTP is trading below Previous Days Low( PL ) which indicates Bearish-ness.
ATR - Displays the Daily ATR (Average True Range) (14 period).
DTR - Current Day Range.
DTR% - Current Day Range percentage.
( DTR & DTR%, changes colour based on percent value. < 61.8 is green and > 61.8 is red.)
For example if the Daily ATR is 100 and the current range of the day is 200 this would be 200% the original move.
EMA:-
Default value of 5 is used in Fast EMA.
Default value of 21 is used in Slow EMA.
Default value of 200 is used in EMA (Used for trend direction).
User can change values from input section.
If the colour filled between Fast EMA and Slow EMA is green, the market is in a uptrend
If the colour filled between Fast EMA and Slow EMA is red, the market is in a downtrend.
ADR :-
Plots ADR (Average Day Range) zones are used as support and resistance, ADR zones are calculated using a 5 or 10 day period unless you change the settings.
PDH/PDL :-
Plots Previous Day High(PDH) and Previous Day low(PDL).
