this indicator is used to forecast the coming day ATR by using hourly ATR and multiply by 24 hour then multiply with common Fibonacci retracement of 0.68 and 0.38 alternately and it tracks the intraday price oscillation , so if first target reached its recommended for breakeven , 2nd target is the forecasted ATR and its recommended take profit for...
Here I propose a simple trend following system, where one can ride out moves in a trending direction and use it to reenter the trades in the direction of the trend. This band is also capable of tracking down the strength of the price action, there will be a real indication of compression in price movement and expansion. These zones usually blow traders' accounts...
Experimental: Example execution of Monte Carlo Simulation applied to the markets(this is my interpretation of the algo so inconsistencys may appear). note: the algorithm is very demanding so performance is limited.
Simple script that calculates the normalized value of N. Rules taken from an online PDF containing the original Turtle system: "The Turtles used a volatility-based constant percentage risk position sizing algorithm. The Turtles used a concept that Richard Dennis and Bill Eckhardt called N to represent the underlying volatility of a particular market. N is simply...
This indicator creates risk ranges using implied volatility (VIX) or historical volatility, skewness ( Cboe SKEW or estimate ) and kurtosis.
SUPERTREND EXPLORER / SCREENER screens the BUY and SELL signals (trend reversals) for 38 user defined different tickers in Tradingview charts. Simply input the short name of the ticker in Tradingview that you want to screen. Script is derived from zzzcrypto123 's work. Thanks for the permission letting me to use his logic. Terminology explanation: Confirmed...
This indictor creates daily Risk Ranges using historical volatility, volatility skew and vol-of-vol.
This is an experimental script and is intended to be used only on LTF charts for scalping. It may or may not be useful on other charts and time frame, but that is subject to back testing. Now, coming back to this script. It has multiple features yet i tried to keep it as clean in representation as possible. As obvious, few things are easily recognizable on...
Hello Traders! After the addition of "Arrays" to the Pine, I developed new and improved version of Support Resistance - Dynamic script as version 2. In this script Arrays were used. This can be used as Support Resistance tool, also it will be an example for the people who want to learn Array usage in Pine. Many thanks to Pine Team for adding Arrays! The...
MA Filter is a volatility indicator inspired by the Braid Filter and WAE indicators. Calculation: Is absolute value of > m*ATR(n2) ? where... n - sma length m - atr multiplier n2 - atr length If yes, high volatility, histogram is orange, trading is allowed. If no, low volatility, histogram is grey, trading is not allowed. Enjoy ;)
Introduction Moving averages are an integral part of the TA world. There are different types of moving averages and each person uses them depending on their strategy and market conditions. Meanwhile, the main variable in calculating the averages is their LENGTH. This value is optional, but not every value is applicable. After much experience in the world of...
This is a volatility and channel-based indicator which utilises recognised Linear Regression mathematical techniques. In using Linear Regression, the Indicator automatically calculates the best fit straight line to the symbol’s price data, and plots the regression channel on the chart. The LT Regression channel makes things easier for chartists because it...
This screens for Supertrend reversal's in 10 different securities. The main logic for the screener is taken from "Simple Custom Screener in Pinescript" by QuantNomad with his permission. If the label color is not visible due to the text in it being white colored, then choose a different color from settings. Also added a simple supertrend to it. Terminology...
Keltner-Bollinger-Combo Squeeze As you likely know, the bollinger squeeze comes from the bband indicator, a classic indicator in all forms of technical analysis, effectively measuring volatility of a given assets price movement. There are different forms of the squeeze here on tradingview, and I've combined the Bollinger band indicator in my own strategy, to...
This indicator can visually show the divergences on the chart – i.e. a divergence between price action and the momentum. So for example, when price makes a new low and the momentum does not make a new low, this is often a “bullish” divergence – indicating that the force of the downtrend could be weakening. Similarly, when the price makes a new high but the...
This indicator can visually show the divergences on the chart – i.e. a divergence between price action and the momentum. So for example, when price makes a new low and the momentum does not make a new low, this is often a “bullish” divergence – indicating that the force of the downtrend could be weakening. Similarly, when the price makes a new high but the...