The indicator shows the strength of the trend. Despite the fact that the formula is quite simple, it performs its functions well. That is its advantage.
Basic volatility Stop Loss / Take Profit you can use up to 3 TPs and one SL. Currently, support the following modes. - Multiple of Tradingview ATR - Kases Dev-stop
like a normal ATR Line but multiply with fibo retracement
Bill Williams indicator (MFI). The indicator calculates the range of oscillations per unit volume. In fact, this indicator shows the tick volume or the readiness of the market to move the price. The indicator is presented as vertical columns or as a line with levels. Vertical columns are painted in different colors depending on the displacement of the indicator...
Multi-Indicator consisting of several useful indicators in a single package. TREND LINES -By default the 20 SMA and 50 SMA are shown. -Use "MOVING AVERAGE TYPE" to select SMA, EMA, Double-EMA, Triple-EMA, or Hull. -Use "50 MA TREND COLOR" to have the 50 turn green/red for uptrend/downtrend. -Use "DAILY SOURCE ONLY" to always show daily averages regardless of...
This indicator estimates price volatility and it is based on ATR only. The advantage of this indicator is that it can be used with any pair, any time frame. The fluctuations of a short period ATR with respect to a gently ATR with high period are calculated. The only parameters are the periods of the reference ATR and fast ATR, which could be safely let untouched...
Synergy Stats This indicator is intended to complement the Synergy indicator. It provides the following statistics: A percentage showing how often the two assets move in the opposite direction over a given lookback period. Similarly, another percentage showing how often the two assets move in the same direction over the same lookback period. Count the...
Synergy This indicator was developed for use in an investigation/tutorial using Pine Script to analyse Gold and US Dollar Index correlation. The first indicator shall measure the percentage change between the open and close of each bar and compare it to the same percentage change of an alternative asset. Additionally, we shall color the background when the two...
Alerts for standard Parabolic SAR Strategy. It works best with "Once per bar" option.
A script that looks back at historical highs and lows to indicate if the current trading prices are comparatively high or low. The script is originally written by Chris Moody and some of it by TheLark. I really just added the alert conditions.
This indicator was originally developed by John Forman (Stocks & Commodities, V.24:6 (May, 2006): "Cross-Market Evaluations With Normalized Average True Range"). Mr. Forman uses a normalized average true range indicator to analyze tradables across markets. Good luck!
Simple Renko strategy, very profitable. Thanks to vacalo69 for the idea. Rules when the strategy opens order at market as follows: - Buy when previous brick (-1) was bearish and previous brick (-2) was bearish too and actual brick close is bullish - Sell when previous brick (-1) was bullish and previous brick (-2) was bullish too and actual brick close is...
River Styx - Modified Donchian Channel with separate adjustments for upper and lower levels, with offset Blue line = the highest price of the last 14 periods (resistance). Red line = the lowest price of the last 14 periods (support). Gray line = middle line between blue and red line. Green line = exponential moving average of 2 periods of closing price.
This indicator was originally developed by Curtis McKallip Jr. (Stocks & Commodities, V.10:7 (296-299): "The Damping Index"). It indentifies bars where the highs and lows are getting close and closer. A high Damping Index value means that the difference between the high price and low price is becoming lower and the security price is reaching equilibrium. A low...
This indicator was created by Trace Mayer as a way to analyze the price of Bitcoin in a historical context. Consider it as a kind of Volatility Ratio that was created by Jack Schwager for the securities. To learn more about Mayer Multiple see: charts.woobull.com mayermultiple.info www.theinvestorspodcast.com Good luck!
Here is a script to use 3 types of Bollinger Bands. It is like three resistances or ranges in wich the Chart generally likes to move. A 1, 2 and 3 Width BB. The Chart moves 90% between the yellow one. As support for my study i use the 13 EMA. is the Chart over the 13 EMA and under the Yellow (2) BB the trend is bullish. Is t under the 13 EMA and over the...
This simple system buys the dip and sells the rip, depending on the trend of a long-term moving average. This strategy shows several interesting features. Applied to the S&P500, it still is a loser in a bear market, even though it achieves a 59% win rate. Overall, this shows the power of buying dips as an investment strategy, and shows promise as a base for...