Hello Traders,
As some of you know, I have had this in Beta for a long while now and it's finally time for a full release.
I originally designed this to be an Unreal Algo add-on to track & stay in the trade a little better, but the VTF Algo has become a full Algorithm and can be used standalone with supreme accuracy.
It's for beginners and advanced traders...
A simple tile on the chart that indicates the choppiness index on the chart for the chart's timeframe. The index tile will show 3 different colors based on the value of the choppiness index. 61.8 for the high threshold and 38.2 for the lower threshold.
Purpose:
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To provide VWAPs anchored on the high and low pivots. I have seen scripts which anchor VWAP on a session or time frame or indeed a time, but not yet one that anchors on pivot points.
Value:
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As many have stated, price action tends toward VWAPs. I named the VWAPs anchored on high pivots the Selling VWAP, representing the volume...
This is an indicator that combines what I see some scalpers use on youtube videos and webinars.
3 Stox = Three Stochastic Readings
Fast Stochastic of Highs
Fast Stochastic of Lows
Slow Stochastic of Bar Average
Bar Color Code
Bar Color Coded
Light Green = Long with trend
Dark Green = Long counter trend
Light Red = Short with trend
Dark Red = ...
A swiss army knife type script, lots of indicators etc, good for crypto markets.
This is the strategy for the study that can be found here.
PM for source code :)
happy trading
xo
![ES1!: [UPRIGHT Trading] Volatility Trend Filter (VTF) Algo](https://s3.tradingview.com/a/AOvkeat5_mid.png "[UPRIGHT Trading] Volatility Trend Filter (VTF) Algo")
