This indicator I thought after a while of research and decided to code for people that wants to scalp on low time frames. It's recommended to use it in 1 to 5 min timeframes. It uses ATR, Past high and lows and stochastic overbought and oversold zones along with some consolidation code to avoid fast swings. I also added Take Profit and Stop Loss signals based on...
DESCRIPTION SSL Indicator with ATR, Volume, ADX, TakeProfit, Profit Cycle Indicator and Extended Trend Control. The component is based on moving averages, its effectiveness is greater in long periods: 4H, 1D, 1S HOW DOES IT WORK The component works with a fluctuation band in which the price moves, it consists of an upper moving average of 10 periods and a lower...
The original Average True Range (ATR) indicator is a technical analysis indicator designed to measure volatility. The higher the ATR the higher the volatility. The RECON ATR Volatility Percentage indicator calculates the Average True Range (ATR) as a percentage. Suggested chart timeframes: 1h, 4h and 1D seem to produce the most useful intel but can be used on...
WMA ATR Check indicator: With my knowledge of MOVING AVERAGE, I created a new average of ATR by dividing the average by the number of days or the number of candles I have. It can indicate the possibility of support and resistance in the market or even a market reversal point. It is very useful for people looking for support or resistance or selling points to...
This is a combination of all my old indicators, with an added feature for trend lines (inspiration for this came from Wedge Maker script thanks to veryfid, I hope he doesn't mind). This script looks for a period with increased volatility , as measured by ATR ( Average True Range ), then it looks for a high or a low in that area. When price is above EMA (400 is...
Similar to SuperTrend+ which allows for confirmation bars. Differences: Limited to SMA calculation of average true range. Can filter outlier volatility. Can apply a standard deviation to the ATR value.
This indicator adjusts the RSI values using the Average True Range. It is used the same way as a normal RSI.
Close to Close Volatility VS high to low, to evaluate volatility regimes. Both are Volatilities of 40 periods (Modifiable), calculated on 252 days (Average trading days in the American market) (Also modifiable in the case of cryptocurrency analysis). The Moving Average is a 20 periods (Modifiable) Simple Moving Average of the average of both volatilities. Blue =...
This script can be used to see a potential trend change, ride a trend and to scalp following the current trend. Indicators: - ATR (bright green/maroon) – is a longer term trend ATR line - MA (green/red) - is a shorter term MA, where the fast MA is dotted and the long MA is a line - Support and Resistance (white bold line) – long-term support and resistance...
NASDAQ:AAPL This indicator shows the most usefull informations about the current symbol and the two common indexes (SPY and QQQ) in a table, in the upper right corner of the graph. The informations are: Symbol Float Daily average volume Average True Range Pre-market volume Pre-market change % Indexes SPY ATRP SPY trend (this value indicates...
Moving Average Convergence Divergence – MACD The MACD is an extremely popular indicator used in technical analysis. It can be used to identify aspects of a security's overall trend. Most notably these aspects are momentum, as well as trend direction and duration. What makes the MACD so informative is that it is actually the combination of two different types of...
Combination of Volume Average Trend & Volume Power Range Able to Change Average Moving Type & Length = Depending on How Volatility /Smooth is Require on your Strategy 1# Color Green = The Volume On Trend Up 2# Color Red = The Volume On Trend Down 3# Spiking Higher Volume = End of the Top/ Bottom
Disregard the above chart, I am not sure why it isn't showing the one I want, which is linked below: This is as far as I can tell the closest representation to Dr. Alexander Elder's updated "Elder Impulse System" that has added ATR-volatility bands up to 3x deviations from price. I got the idea from watching this recent video (www.youtube.com) of Dr. Elder...
The Best Renko system out there. The second coming to the original Cheatcode Algo we made with options to use Tradition point calculations or ATR values for price measurement - Select up to 3 tp levels - ATR Risk calculator - Strategy presets for easy setting selection for certain assets - A trailing Ma for stint entries filters - Volatility bands (BB,...
Good money management is one of the fundamental pillars of successful trading. With this indicator, we propose a simple way to manage trading positions. This tool shows Profit & Loss (P&L), suggests position size given a certain risk, sets stop losses and take profit levels using fixed price value/percentage/ATR/Range, and can also determine entries from crosses...
This is a very basic, but powerful script. It gives you the ratio between the rate of change of the last x days and the average true range of the last y days. ---> ROC-ATR Ratio = ROC/ATR Therefore, you can see how much the price has moved relative to the prices in the past. This is important because (in my opinion) the basic ROC indicator is not very...
I have the ambition to create a ‘landscape’ which enables the user to see the ‘mood’ of the market about the price of an instrument, simply by looking where the candles go. Prices are a simple phenomenon , they go up or down or stay the same. This is represented quite well for the short term by a candle. I recommend to study candle patterns. Prices not only...
The Moving Average Support and Resistance Channel is a channel that consists of trend lines of resistance and support of the analyzed instrument, represented as moving averages with the selected type and smoothing period on a certain timeframe, where: - Middle Line - the middle of the channel (the moving average of the pivot point using the Floor Pivot method) -...