This is an intraday indicator.
Average Daily Range provides an upper and lower level around the daily open. It is calculated by taking an EMA/SMA average of a given number of previous days' True Range.
It can be useful for helping guide support and resistance, for taking profits and for placing stops.
It's a similar idea to the ATR indicator, but calculated...
Simple visualisation of Average True Range in Pinescript V4.
The script has two modes: Running and Trailing.
In Running mode, it continuously displays the ATR above and below the price. Specifically, it displays the High and Low price plus and minus the ATR times a user-supplied multiplier. This can be helpful for visualising volatility.
In Trailing mode, it...
The Fear And Greed Indicator is a very popular indicator on the Bloomberg platform and since I didn't have actual source code to work with, this is a very close approximation of that indicator. Let me know if you spot any discrepancies with the original and I will do my best to fix them.
For buy and sell signals it is pretty straightforward. Just buy when the...
This is an experimental study designed to identify underlying price activity using a series of Laguerre Filters.
Two different modes are included within this script:
-Ribbon Mode - A ribbon of 18 Laguerre Filters with separate Gamma values is calculated.
-Band Mode - An average of the 18 filters generates the basis line. Then, Golden Mean ATR over the specified...
I made this tool to measure the exact PIP range of different currency pairs in an easy to understand format.
It comes with the option to convert the PIP Values to XXX/JPY Pairs with a simple check-box.
"H" is the highest PIP movement in 377 time periods.
"N" is the EMA-377 of the PIP ranges.
"P" is the current time periods PIP moment (true range).
TRB (True Range Breakout) plots the current TR (true range) as well as the previous TR high over n periods. If the current TR is greater than the previous TR high, then the TR histogram will become red. Red signals high volatility. Enter trades only when the histogram is above the TR high line. Happy trading! 🥳
This is a public and open-source lighter version compared to the "Overextended Price Channel" which is provided complimentaty to the Trend Insight System.
Introduction :
Channels are very useful tools to assess overextended price, volatility and upcoming retracement or impulsive moves (such as Bollinger Band squeezes). It is an indispensable addition to any...
An indicator that measures movement inefficiency
Inefficient movement, that is, the range market becomes a high number, the limit is reached at about 60 and a trend occurs
When the range breaks and a trend occurs, the inefficiency drops to about 40 and many trends end.
The full-scale trend goes down further and goes down to about 25, which is evaluated as an...
The Volatility function measures the market volatility by plotting a
smoothed average of the True Range. It returns an average of the TrueRange
over a specific number of bars, giving higher weight to the TrueRange of
the most recent bar.
WARNING:
- This script to change bars colors.
This is original indicator by Thomas Bieravic from a book of "Trading Systems and Methods" (Wiley Trading) 6th Edition by Perry J. Kaufman.
The author was change volume on true range in formula and added signal line for analyze of volatility.
Enjoy it!
The Volatility function measures the market volatility by plotting a
smoothed average of the True Range. It returns an average of the TrueRange
over a specific number of bars, giving higher weight to the TrueRange of
the most recent bar.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
![XBTUSD: ADR - Average Daily Range [@treypeng] [v2]](https://s3.tradingview.com/t/TcRklUf2_mid.png "ADR - Average Daily Range [@treypeng] [v2]")
![XBTUSD: Volatility Channel Index [m59]](https://s3.tradingview.com/j/J13jZeYt_mid.png "Volatility Channel Index [m59]")
![BTCUSD: Laguerre Multi-Filter [DW]](https://s3.tradingview.com/j/JwaPW9af_mid.png "Laguerre Multi-Filter [DW]")
![BTCUSD: True Range Breakout [racer8]](https://s3.tradingview.com/s/sD5LV3RQ_mid.png "True Range Breakout [racer8]")
![BTCUSD: [kai]Futility Ratio](https://s3.tradingview.com/4/4wM6rHNY_mid.png "[kai]Futility Ratio")
