// Enter a long position or exit a short position when all bands concentrate below 0.15 in lime color.
// Exit a long position or enter a short position when all bands concentrate above 0.9 in fuchsia color.
This script is developed to analyse MACD, MACD Signal, MACD Histogram movements by using current and higher time frame. Script calculates higher time frame automatically, no manuel entry. there is trailing stop loss line that is optional.
You can change the parameters as you wish.
btw. you should know that MACD is more successful when there is a trend.
I...
I got a question if it would be possible to Automatically draw S/R levels based on Volume rather than RSI as I had earlier done in this script;
Well it certainly is and it looks as though it might even be tradeable.
The indicator compares the size of volume bars so that if there is a noticeable increase in volume (noticeable here meaning above the indicator...
A 7-band overlapping Fibonacci volatility stop. Select the start and multiplier and 6 increasing fibonacci bands will be overlayed to suggest areas of high probability buy/ sell opportunities.
Intro
This script measures the Signal to Noise ratio of a security and plots it in deciBels scale!
Usage
Ideally, you would want the ratio to be above 10 dB, meaning the Signal strength is 10x the noise strength.
As a baseline, you should not rely on indicators that use any kind of moving average if the SNR is below 6 dB - meaning Signal strength is only 4x...
Using pupytherapy script
and the same system that we use for Bollinger and linear channel we can make easy the signal for the Keltner channel
I need to think how to make all those channels to combine I hope in next version I could do it :)
I created this indicator to primarily manually test other indicators in replay mode.
To use this indicator generally you will:
Select trade type: long or short
Enter your ATR (enter the actual ATR). The indicator will then calculate and plot your SL and targets based on your values
Default Stop Loss is ATR * 1.5
Default Target 1 is ATR * 1.5
Default...
Simple backround colouring based upon input criteria.
Published by request of a TV user.
Sorry if this is duplicate, but I couldn't see any other scripts on TV.
This indicator colors the volume bars based on any of the three follow criteria:
- Volume Amount
- RVOL (Relative Volume)
- Lookback (Highest Over Period)
You can use one, two or all three of these settings at the same time.
You can also set alerts with this indicator. The script will trigger an alert whenever any of the three specified flags are triggered.
...
This indicator plots 2 sets of dots (and lines) based on your chosen ATR multiplier (Average True Range).
Generally, when trading on the daily timeframe a good rule of thumb is to use the ATR * 1.5 (the default setting of this indicator).
I created this indicator to quickly test other indicators but I also find it helpful in live trading.
How to use this...
![EURUSD: MACD Enhanced System MTF with optional TSL and Alerts [LTB]](https://s3.tradingview.com/l/LMcAN7w1_mid.png "MACD Enhanced System MTF with optional TSL and Alerts [LTB]")
![USDJPY: Signal to Noise Ratio [SNR]](https://s3.tradingview.com/g/g8rGTpvA_mid.png "Signal to Noise Ratio [SNR]")
