Bollinger Bands are the result of the assumption that closing prices will follow a normal distribution. However, when I actually calculated the probability, the closing price does not follow a normal distribution. According to the normal distribution, the probability that Z > 2 should be 2.2%, but on the chart, the probability is 6~9%. Can we get a useful...
Shows the delta between current price and the upper/lower Bollinger bands
Introduction The indicator attempts to implement three (3) time-based, multi-timeframe, non-repainting Kagi lines as an overlay to your chart and applying a trend bullish/bearish trend strength evaluation based on the position of the Kagi close prices between the Fast Kagi and Slow Kagi. How is it original and useful? This indicator is unique in that it...
Sistema de trading hecho por Larry Williams, basado en VIX, optimizado para cualquier activo. Formula: (Highest (Close, 20) - Low) / (Highest (Close, 20)) * 100 Donde “Highest (Close, 20)” representa el cierre mas alto de los ultimos 20 periodos Larry Williams Mechanical Trading System based on VIX. The VIX Fix applies the same general formula that is used to...
Dynamic ADX by The Pine Guru What is the Dynamic ADX? The Dynamic ADX is an indicator created using the regular ADX, Line, and additional ADX Moving Average. This MA allows the script to calculate the ADX differently to the original ADX, providing greater input and accessibility to the user. As the ADX is a volatility indicator, it is communicates to trend...
Props to @Veryfid for his original script 'ATR Stop Loss Finder'. The concept is simple. We use the average true range to determine an appropriate stop loss distance based on recent volatility. The original script calculated the stop loss offset from the current candle's high or low. Here, I've added the option to offset stop loss from the recent local low or...
Two lines of coefficient of variation 365 and 12 bars helps to see slow and fast wave components of current chart. Forecasting extension.
This is an extension of the original 'Bitcoin Bubble' indicator I previously made, but shows the necessary price required to reach a range of bitcoin's bubble level in the short term. I recommend using this metric with a daily timeframe to have an adequate amount of data.
Highs/Lows difference indicator To visually evaluate the difference between highs and lows of a price range. This handsome indicator shows: difference between highs of 2 candles by displaying it in green histogram difference between lows of 2 candles by displaying it in red histogram difference between both highs and lows by displaying a circle at the...
█ OVERVIEW This indicator serves to measure the volatility of the price in relation to the average. It serves four purposes: 1. Identify abnormal prices, extremely stretched in relation to an average; 2. Identify acceptable prices in the context of the main trend; 3. Identify market crashes; 4. Identify divergences. █ CONCEPTS The LS Volatility Index ...
Jae_Folw+ - Auxiliary indicator that can judge the overall flow / short-term flow of the market - Flow Chart is divided into upper / middle / lower part - There is no timeframe limitation, but like the existing divergence trading, we recommend trading by specifying the mainframe. 🔋 (green line) : It is written with an algorithm based on (5 33 / 10 66 / 20 1212)...
ATR at the daily and intraday prompt lines, it is recommended to trade within 50%, and if it exceeds 50%, there is a risk of chasing high. At the minute level,Day-level ATR grid line is displayed.
█ OVERVIEW This script is designed to highlight planetary signs. All 12 signs on all planets going from Mercury to Pluto on both Geocentric and Heliocentric settings. If you are an astrology trader or if you do trade cycles, this script might be great for you because it highlights all these cycles automatically. You can select one sign or multiple signs at once,...
It is used to display the k-line status of heikin nash in the main image, without frequently switching the k-line display mode, and does not take up screen space.
CCI Supertrend + This simple scripts base on CCI level to plot "Supertrend". + When CCI move above level 0, SuperTrend lowerBand is plotted. + When CCI move below level 0, SuperTrend upperBand is plotted.
In many strategies, it's quite common to use a scaled ATR to help define a stop-loss, and it's not uncommon to use it for take-profit targets as well. While it's possible to use the built-in ATR indicator and manually calculate the offset value, we felt this wasn't particularly intuitive or efficient, and could lead to the potential for miscalculations. And...
The Supertrend is one of the most used indicators by traders when it comes to determining whether the market is up-trending or down-trending. This indicator is displayed as a trailing stop, showing a lower monotonic extremity during up-trends and an upper monotonic extremity during down-trends. Today we propose a channel indicator based on the Supertrend trailing...
With the usage of ATR, applied on the close of the daily candle, I am calculated the volatility channels for the TOP and BOTTOM Based on this logic, we can estimate, with a huge confidence factor, where the prices are going to be compressed for the trading day. Having said that, lets take a look at the data gathered among the most important financial...