Wurucututu's Daily/Weekly/Monthly HLOCThis script draws the High/Low range for a daily, weekly, or monthly periods. By default is set to weekly.
Also it draws the open and close for each period, painting it in red if open greater than close, and green otherwise.
You can forward shift ranges to see how current price action interacts with ranges from past periods. By default this is set to zero.
For instance, here is the interaction of current week with previous week range (i.e. a 1 week shift forward).
And here is a 7 month shift forward.
Range
Session LevelsThis indicator plots important session (intraday) levels for the day. It plots high and low of previous day, week, month, 52 week and all time. Also plots the vix range which shows the daily expected trading range of the instrument. These levels acts as important support/resistance for the day.
For example, if price closes above previous day, week, or month high/low it indicates bullish sentiment and vice versa for bearish.
Vix Range plots top, center, bottom line for expected trading range for the day. It is calculated based on the volatility index selected (NSE:India VIX is used by default).
Artharjan INDIA VIX v/s Nifty Volatility DashboardHi,
I have created Artharjan INDIA VIX v/s Nifty Volatility Dashboard to forecast the Annual, Quarterly, Monthly, Weekly, Daily and Hourly Volatility of NIFTY Benchmark Index based on current value of INDIA VIX. This will help Index Options Sellers to decide the range of Nifty for the given period based on current level of volatility indicated by INDIA VIX.
Options Sellers may make use of the Min Range and Max Range values for the Strike Price Selection.
Regards
Rahul Desai
@Artharjan
GBTT Range Wave IndicatorOverview:
This script is a type of mean reversion indicator, it uses a short period EMA, the EMA5 to be exact, as its basis for a mean. From here, we run a modified version of ATR over a longer period of time to find an average range value for price movement. Finally, we calculate the cloud/band/wave by multiplying this range value by our deviation values to produce areas where the price could be considered too far from the mean (similar to an oversold or overbought scenario).
Additionally, we wrote this script with a goal to reduce or eliminate repainting. In the code, we have utilized OPEN values (instead of CLOSE) and previous candle values (not the current candle) to build all the data for the algorithm here to avoid the waves constantly moving and changing their values on real time candles. That said, this is NOT a guarantee that it will never repaint.
What you see:
Visually, the waves are always on the chart. Optionally, we provide a custom standard deviation channel based off the EMA5 (represented with a blue shading) and/or a simple ema5/21 crossover cloud. These can be used for additional confluence if desired, but are not necessary for the core function of the indicator which would be the upper and lower wave.
Intended use:
To provide educational content about the short term movement of an asset. Designed to be run on any time frame.
Disclaimer:
NOT intended to be a sole source of Technical Analysis or anything more than an educational tool!
Market Profile Visible RangeSup TV, 2 important points .
1) surprisingly, it's the first MP Visible Range script on TV;
2) This one doesn't use any bagging/binning*, instead each row represents the time spent on the actual minimal price steps (aka ticks).
The script will be further extended with usual market profile related functionally in future updates. At this point we have:
- Profile itself (each row represents how many bars touch the given price);
- Mode of the profile (called POC)**;
* Still it will be introduced in future when I will find / design the proper aggregating technique. It is vital for processing very wide price ranges (for example, 500 days on ES futures).
** The script correctly calculates POC by finding all the modes in the data & choosing the closest one to data's midrange.
For this kind of technical instrument finally it was more convenient to use Pine Script 5 (btw it's my first Pine 5).
Basically this script is a side-effect of another R&D I'm doing, the stuff is useful tho so let's go.
By choosing length we both specify the amount of data to be processed & the profile's location screen-wise. It's pretty cool and & useful, on my screen it's always almost touching the left side and still always visible.
The code is heavily commented in order to be understood fast, nothing fantastic, just a lil patience required this time.
Rationale
Market & volume profiles are well known concepts, lotta info available, the most important point of all that is that MP is just another way of visualizing data that lets you notice things you don't usually notice on sequential charts. From my side I can only add that it's better to use your own brain for thinking and reconsidering using volume profile in all the cases, especially on decentralized markets (unless you're aggregating ALL the volume data from everywhere, including options, OTC etc).
Here is it, for you
Multi-Timeframe ATR Levels█ OVERVIEW
This indicator plots the upside and downside ATR levels popularized by Trader Dante.
█ CONCEPTS
Beyond a level's boundary, a market is trading over its average volatility. The indicator adds confirmation to "reversal" setups located at likely mean reversion. Oppositely, it highlights trades with an increased risk where the price is over-extended and when the market is possibly exhausted.
Inside the levels’ boundaries, a market is trading within its average range. The indicator adds confluence to your target selection. Indeed, a target set at or nearby a level is at reasonable reach for the selected period. In addition, it can improve your stop placement. Tucking your stop-loss outside the boundary of a level adds an extra assurance that your stop is beyond reach.
█ FEATURES
Multi-Timeframe
By default, the indicator sets the timeframe to the daily for tracking how much price moves compared to its average volatility during a day. To the same extent, you can set it to any other timeframe. For example, you can use the weekly or the monthly timeframe for adjusting your trading during the week or when approaching the end of the month.
Configurable ATR
• Pick your preferred smoothing between the Simple Moving Average (SMA) or the Relative Moving Average (RMA). The SMA is used in the original MT4 indicator, and the RMA is the default in TradingView.
• Set the length for getting the average price movement. For example, you can set it to 20 for the daily ATR (20 trading days in a month), 12 for the weekly ATR (3 months), or 6 for the monthly ATR. Also, you may set a shorter length when you want to emphasize the recent price volatility.
• Apply a custom multiplier on the ATR when you want to focus on a particular price movement.
• Select the reference between “previous” or “current” ATR value (default set on previous).
Customizable Labels
• Personalize what info to show in the labels located on the right side of the levels. You can compose the data for showing the price, the ATR, both the price and the ATR or none.
• On hovering a label, a smart tooltip displays the complementary data. The less info a label displays, the more its tooltip shows.
• Choose how to display the values. In addition to the labels, the indicator can display the last values on the price scale, the status line, and the data window.
Enhanced Coloring
At a glance, see which level the price is approaching with the "Cold & Warm" coloring or quickly glimpse when the price has reached or exceeded the ATR with the "Overflow" coloring.
Others
• Automatically hides levels when the chart’s timeframe is higher than the indicator’s one.
• Alerts setting.
█ NOTES
Calculation
Upper band = low* + ATR
Lower band = high* - ATR
*The previous close is used when a gap up/down occurs.
This is a PREMIUM indicator. I also have a free version of the Daily ATR Levels .
VIX RangeThis indicator shows the daily expected trading range of the instrument.
An upper and lower line denotes the range. It is calulated based on the volatility index selected (NSE:India VIX is used by default). Also it shows developing upper and lower line for the next trading day.
Non-directional option strategies (like straddle, strangle) can be performed based on the expected trading range.
Volume Profile Range For All AccountsVolume Profile Range For All Accounts is displaying volume from price perspective. It’s done by summing volume by the “estimated” transaction price. This version is estimating it based on public volume data so it can be used with any account.
Volume Profile is a powerful tool commonly used by PRO users, to disseminate its use also by users who operate on basic volume data, we have prepared a set of scripts:
Volume Profile For All Accounts – Analyze last 50-20000 bars.
Volume Profile From Date For All Accounts – Analyze all bars since start date.
Volume Profile Range For All Accounts – Analyze bars in a range between start and end date.
Traiding View is supporting paid users with Volume Profile on extended volume dataset. We recommend to use it, because of access to more precise data.
Script Initialization:
After adding this script to the chart, a blue dialog with ‘Set the “start date” time for “VPR”’ label will be shown. You should pick ‘start date’ on the chart by pressing point on the chart. A line will appear in that place, that can be moved later by move over and catching a rectangle dot over the line.
After ‘start date’ selection, a blue dialog with ‘Set the “end date” time for “VPR”’. You should pick the ‘end date’ on the chart by pressing point on the chart. A line will appear in that place, that can be moved later by move over and catching a rectangle dot over the line.
If picked range is too small, a red label “Range should be bigger than 50 bars” will be shown. In that case just catch the rectangle dot over the line and move it to increase the range.
Settings:
SCANNER VISUALIZATION
Start date – Start date from which bars should be taken into account during calculations. For the narrow range, the estimation may differ significantly from the Volume Profile available for Paid Traiding View users.
End date – End date to which bars should be taken into account during calculations. For the narrow range, the estimation may differ significantly from the Volume Profile available for Paid Traiding View users.
Rows – Number of rows
Width – Width of the visualization.
Position – Position of the visualization:
S_DU – At START of the area, DOWN first
S_UD – At START of the area, UP first
BE_DU – At BEFORE END of the area, DOWN first
BE_UD – At BEFORE END of the area, UP first
E_DU – At END of the area, DOWN first
E_UD – At END of the area, UP first
Color Up – Color of volume classified as move Up, or Both if separation is off.
Color Down - Color of volume classified as move Down
Color Border – Border color.
Up/Down separate – Draw separate volume classified as Up and Down
Show values – Showing volume values of the bars.
Troubleshooting:
In case of any problems, send error details to the author of the script.
4c ATR ThresholdThe 4C ATR Threshold is a simple indicator that paints the chart background red when the ATR goes below the user defined ATR minimum.
Some trading setups have specific criteria that require a minimum ATR on a certain timeframe for the instrument to be playable.
The painting of the chart background based on the ATR value is useful as a quick visual reference.
The minimum ATR value can be adjusted to any specific level for any timeframe.
If the ATR dips below the user defined minimum, the trader can quickly see that the ATR is below the minimum criteria, and should not trade that instrument (based on their personal trade criteria).
If the background is not painted by the indicator, then the ATR is above the user defined minimum.
Parts of this script used the default/stock Tradingview ATR indicator to build from.
4C ATR w/ Reference LineThe 4C ATR is a simple indicator that plots a horizontal line on the ATR indicator, which can be used as a minimum or maximum reference value.
Some trading setups have specific criteria that require a minimum ATR on a certain timeframe for the instrument to be playable. The horizontal line is useful as a quick visual reference, and can be adjusted to any specific level for any timeframe. If the ATR dips below the horizontal line, the trader can quickly see that the ATR is below the minimum criteria, and should not trade that instrument (based on their personal trade criteria).
This indicator also features a color change of the ATR line based on trend direction. If the ATR is trending up, it is painted blue, and if it starts to trend down, it is painted red. It uses a hidden simple moving average of the ATR, and the slope direction of the moving average paints the ATR line. The moving average length can be adjusted, and is set at a length of 8 for default. The ATR is set at a default value of 14.
Parts of this script used the default/stock Tradingview ATR indicator to build off of.
IPDA operating range by makuchakuDetermining operating range is critical for trading.
You *need* to sell in premium & buy in discount.
This script determines an operating range by stepping back on an HTF timeframe to calculate that HTF candle's range. If the current candle in HTF breaks out, the range expands accordingly.
The timeframe mapping I've used is
Intraday & <= 2H : use Daily as HTF range
Intraday & > 2H : use Weekly as HTF range
Daily : use Monthly as HTF range
Weekly : use 6 Months as HTF range
The HTF mapping is my own personal preference. If you prefer, you can easily copy the indicator and create your own mapping.
Once the HTF range is known, the indicator also plots 0%, 25%, 50% and 100% levels.
first hour high and low by akash mauryaThis indicator marks the first hour's high and low with a line with the percentage of range height.
First hour high and low generally act as heavy support and resistance or say major key areas in daily intraday charts.
You can adjust the settings if you want to see previous days' hour range lines or not.
This indicator will automatically create hour-range lines after an hour of market opening.
Shade COVID PeriodA free Pine Script that shades the COVID outbreak period. Note that you can specify your own date range and shade color.
Average True Range (ATR) invisible price markers / linesThis script provides the ATR price when added to the top and bottom of the currently hovered candle.
The prices are shown top left next to the indicators' name.
This means you do not have to manually subtract or add ATR to price.
Line opacity allows you to show the lines where the ATR is, however, I recommend to keep this disabled.
Line type allows you to choose where ATR is calculated from (LowHigh or LowHighBody), the second ignoring the wicks, however LH is standard.
I also recommend to keep the other parameters as default.
I hope this indicator provides useful to you and your trading.
Consolidation Zone Hunter NPR BasedThis script will search for zones where the range between the high and low is lower than avg % nearest rank of last X bars.
After X(=30) bars of consolidating range it will signal that the market is in a range and draw the top, bottom and middle of that range.
When price breaks the consolidating range the range is cleared, this is where you long/short the breakout. After this it will look for the next range and do the same.
Visual Explanation
SVDThis indicator aims to compare between two charts if trader isn't sure which one is more active and powerful, it does NOT show entries or help your chart analysis directly.
The main features of this indicator is to show vitality and range of any given chart.
Volatility: it calculates the average profit of every swing in the range and the final result will be the chart volatility, which indicate how profitable this chart is.
Range: it calculates the profit of the whole range compared to the total price. (E.g. range bottom is 0.1 and range top is 0.2 the range will be 100%)
Extra: indicator shows the total direction of the chart in term of (STRONG UPTREND, UPTREND, SIDEWAYS, DOWNTREND, STRONG DOWNTREND), if you got (Somthing_wrong) please contact me.
How to use: apply the indicator on different charts that you have chosen and the higher (volatility & range) the more profitable the chart is.
inputs:
Lookback length: how long the range is (how many candles are included).
How intense should the Swing be: how many candles should be counted as a confirmation complete swing.
Show counted Swings: if checked as true, will show the swings counted in the volatility calculation.
For any notes on the indicator to be edited, or for another indicator ideas please comment.
Percentage Range IndicatorThe Percentage Range Indicator is useful for assessing the volatility of pairs for percentage-based grid bots. The higher the percentage range for a given time period, the more trades a grid bot is likely to generate in that period. Conversely, a grid bot can be optimised by using grids that are less than the Percentage Range Indicator value.
I have been using the Percentage Range Indicator based on the one hour time period and 168 periods of smoothing (seven days based on one-hour periods).
Enjoy.
Session Levels - Ultimate Range IndicatorSession Levels - Ultimate Range Indicator
Primarily developed for trading the E-MINI Futures Markets like NQ or ES from the CME Group,
but also more than suitable for Crypto or other instruments.
This indicator highlights the chosen session, which can be Globex, Asian, London and New York.
It plots the important levels and also renders the Opening Range as it forms (a.k.a. Initial Balance).
After the 1st hour Opening Range is finished, it can plot the Standard Deviations / Projections.
See below for a complete feature list.
All Opening Ranges on chart and for the New York session the Range Projections are turned on:
s3.tradingview.com
How to use (example):
If you are trading the Nasdaq Futures (NQ!)
Enable the Globex Overnight session. Basically in the Futures Market, the Globex session is everything outside of US trading hours of Stocks. This draws the important overnight levels, like the Low, 25%, 50%, 75% and the High.
Enable the New York Session with Levels and Opening Range. Generally, 70% of the time the 1st hour will put a Low or High of the day.
If the price is trading above the Globex Low, most likely the Low of the Day is formed and the price target for the day will be 1.5x Standard Deviation and 2x Standard Deviation.
[*} Deviation of the Initial Balance depends on the volume ad overall market structure.
** This is not financial advice or any guarantee **
Features:
Show each Session Highlighted on Intraday chart in it's own color (each session can be turned off and has customizable times and color)
Show Line Levels of each session: Low, 25%, 50%, 75% and the High (customizable color)
Show the Opening Range (Initial Balance) of the Asian, London and New York session. Note: NY has more options.
Opening Range is displayed as a box with level lines (customizable color)
Levels are drawn to the end of the NY Cash session (customizable time)
Show IB Standard Deviations 0.5 - 3.0. Calculated from the Opening Range (Initial Balance)
Option to display Higher Timeframe levels: Previous Day Open/Close and Previous Week Open/Close
All level lines and OR boxes size dynamically as the session progresses
Built in Alerts for when price hits key levels. e.g. Alert when price crosses the NY Opening Range High. Or an Alert when the first STDEV is hit.
Option to toggle display of drawings for Today's trading session only, or Show all recent session levels. This keeps the chart clean or not.
Extras:
The NY Opening Range also has a 50% level line
The NY Opening Bar can be highlighted separately
The Level Lines can have small labels turned on/off. Values are only shown on mouse over to keep a clean chart
Keep in mind:
1) This indicator works on all instruments, but on instruments with limited market hours, your chart setting
has to be set to "Extended Hours" otherwise. For example TSLA on NASDAQ.
2) The Exchange Time Zone for the CME Group is Chicago UTC-6. So the session times you configure in the settings menu are based on that timezone too.
3) Globex opens at 5pm CST and closes when the US session starts 8:30CST.
4) When enabling the Alerts in the Indicator settings, be sure to also create an alarm for this indicator using the Alarm function of Tradingview.
Donchian Range, RSI, and Levels SystemThe Donchian average is defined as average(highest, lowest) for a given period length. By plotting many different lengths, clustering of the lines seems to form natural support/resistance levels. A Donchian Channel and RSI rainbow colors are also provided to define the range and trend.
EMA MTF PlusI like trading the 1 minute and 3 minutes time-frames. I'm what is commonly called a "scalper". Long term investments yes, I have some, but for trading, I don't have neither the time,
nor the patience to wait hours or days for my trade to be complete.
This doesn't mean I discount the higher time-frames, no, I actually rely heavily on them. I found that EMAs do a decent job as support/resistance, sometimes to a tick level of precision. And this is important for a 1 minute trader.
As such, I made this script that tracks the higher time-frames EMAs and displays the last value as a line.
I do not need the whole EMA, I'm not interested in crossovers or crossunders, these are anyway late signals for me.
What's with the triangles? These are local tops/bottoms , candles that have a have decent size of the wick. These tops and bottoms are by no means "final", they are merely a rejection at certain levels of price. Due to markets complexities (and human erratic behaviors hehe) these levels could be breached at the very next candle. For a more "final" version (nothing is really final but..) I added Schaff Trend Cycle as filter, so a triangle will pop only when a trend is mature enough ( STC with a value near 0 or near 100).
Colored bars. When the body of the candle is big, it shows strength. Strong bars tend to have follow through, especially when breaking key levels. The script looks at the body of the candle and compares it with ATR (Average True Range), if it's at least 0.8 of ATR it changes the bar color to yellow (bull candles) or fuchsia(bear candles).
Range identifier. This code is copied from Lazy Bear (if there are any issues please let me know), it's very useful in conjunction with colored bars.
I look for breakout candles that go outside of the range as a signal for a trade.
There are many ways in which this script can be useful, like trading mean reversions or momentum trades (breakouts) or simply trend following trades.
I hope you guys find it useful, you can play with default values and change them as you like, these are what I found to be working best for me and my trading universe (mostly crypto).
Special thanks for the original work of:
LazyBear
everget
Jim8080
Koalafied Initial Balance Levels and ExtensionsShows the Initial Balance and range extensions for either the Daily session or individual market sessions (Asia, London, New York).
Initial Balance is the range represented by the first two segments (typically half-hour segments) of a trading session. Range extensions are a function of the longer-term trader participation, pushing price outside of the beginning 'fair' range established by the local traders. With the introduction of 24/7 markets the initial balance is often now regarded as less important than in the past, however re-calculating IB for multiple trading sessions may reinstitute insight to Market Direction and Confidence
