Apply various simple statistical measures to series of full candle ranges over user input length (in bars).
Choose between AVERAGE, MEDIAN, MODE, BIGGEST.
All calculations derive from the high-low range of a candle.
Default length = 260, the number of daily candles in a year.
MODE is calculated from pip ranges rounded to reasonable increments (to nearest 10pips...
The Market Mode Indicator was created by John Ehlers (Rocket Science For Traders pgs 114-117) and this is a handy tool that will tell you if the market is currently in a cycle or a trend. When the current market is in a cycle or choppy state then the indicator will read 0 and when it is in a trend then it will read 1. He uses some advanced digital signal...
Scalpius Trend & Decreasing Volatility
Identify trends and 'decreasing volatility' trends (strong trends)
Can be used on any market
Setup usually used for 3 timeframes e.g. 2 min, 5 min, 10 min
Contains 2 parts:
I) Trend Indicator
Trends can be defined in several ways,
this indicator defines a trend that uses statistally significant price behaviour that...
En: This indicator is a combination of both linear regression slope and relative strength index. Linear regression slope is calculated, maximum and minimum values of a certain period is determined and a band for slope movement is declared. This bands is a similar of Bollinger Bands. While the slope is refered as speed, the speed of the trend mode is calculated by...
The CryptoField TREND Mode indicator identifies the trend direction (uptrend or downtrend) and the mode (trending or sideways) of the market.
Uptrend when green
Downtrend when red
Sideways when orange
Trending when green or red
Basically the indicator works like a double moving average, but the algorithm reacts faster on movements and it tolerates...
While this indicator is the first of it's type and has never been built before, it is as fundamental as a moving average!
The code complexity was very high which is the primary reason this has not been done before.
The indicator operates in real-time and does not change after it has been plotted as it has been coded in the latest Pinescript V3...