TrendRangeIdentifier V3This is non-overlay version of
Since, we plot trend value which keeps incrementing/decrementing upon every step, this also helps us in identifying strength of trend and how long the trend is going on.
Other changes:
Removed display of channels
Coloring candles made optional
Average True Range (ATR)
ATR Trend & ATR Top/Bottom (Expo)
ATR Trend & ATR Top/Bottom (Expo) is an advanced and multifunctional trading tool that gives insight into Trends, Pullbacks, and where Top/Bottom pattern can occur. The indicator is simple to use and understand therefore valuable to all trading styles.
One key feature is the ability to adjust settings according to the type of Trader you are. Trend Followers can easily enable Trend and Pullback settings and Scalpers can enable the Top/Bottom feature. The Trend, Pullback, and Top/Bottom setting can be displayed simultaneously for those that want to maximize their trading results!
Insights and Value the indicator brings:
✔ Clear perspective identifying short-term and long-term Trends
✔ A simple and convenient way to recognize Pullbacks and market impulses.
HOW TO USE
Identify the short-term and long-term Trend
Identify Pullbacks
Identify market impulses
Identify potential Tops/Bottoms
INDICATOR IN ACTION
1-hour chart (Trend-Setting used)
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Minimum Average True RangeI use ATR a lot when designing trading strategies, this way the strategy adjusts to the instrument in most cases instead of me plugging in special numbers.
However, ATR itself could get spiked by some violent moves. For this I have created MinATR which I am publishing here.
It is effectively ATR + minimum ATR over the last "Min Length" bars. (this is a parameter which I have defaulted to 50).
So use this the same way you use ATR, but it will also show the min ATR over the last "Min Length" periods.
Range & Trend (Expo)Range & Trend (Expo) calculates the long term and short term Trading ranges as well as identifying the Trend. The indicator makes it easy to trade with the trend and to spot trading ranges.
☖ The indicator has a unique trend line that adapts to the current volatility which enables that the trend is displayed more clearly. The color and the slope of the line determines the trend.
HOW TO USE
Identify Long term and Short term Trading ranges
Identify range breakouts
Identify the trend
INDICATOR IN ACTION
Daily chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
BlackPika Supertrend S1Hello Reader!
This study script is based on the SuperTrend. There are some extra things added to make it able to use more efficiently. They are listed below:
1. Pullback signals: These signals indicate a pull back after a trend reversal and are the most optimum places where you can add to your existing position. They also come with Alerts !
2. Trailing Stop Loss and Take Profit: These further help to reduce the draw-down and can help you to trail profits with more granularity thus securing gains.
How to use ?
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Personally I use it on major pairs on cryptocurrencies like BTCUSD . Usually after the trend flips, there will be pullbacks, You can enter a part of the position when trend reversal is confirmed. Then add more when you get a pullback. To make life simpler, alerts are added for pullback signals as well. These can help acheive good entry price. Entering at pullback signals limits your losses to a great extent, as the trend will flip on the bar close if it goes against you.
You can trade manually or you can automate. All the signals have been provided with Alerts. some signals have been grouped, to reduce the number of the alerts if you wish to.
I wish you all the luck and please comment and Like if you have any doubts.
How to gain access ?
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1. You can dm me in trading view
Confluence of Indicators and Signals v1 skvWhy this script
This script will display the buy or sell signals received from indicators, super trend, adx, rsi, macd, sma, and floor pivots along with some tweaked calculations and fixed numbers. This is useful for beginners who want to study the signals and timing to practice. This script is created for educational purpose and can be used for intraday scalping with 5 minutes time frame only after the signals are understood clearly.
How to use
Strong Buy - when series of buy/long signals generated by indicators, bright green up arrow indicates momentum/strength
Strong Sell - when series of sell/short signals generated by indicators, bright orange down arrow indicates momentum/strength
Exits - use the pivot lines, or the RSI-LX, SX exit signals. Also combine with Bollinger Bands to understand the exit points.
Look for reversals at pivot resistance and support.
Disclaimer
1. Only for educational purpose
2. Intraday scalping strategies only and on 5 min timeframe
3. Do paper trade before using any information for actual trading
4. Not swing or positional trade
ATR-Based Moving Average EnvelopesSimple MA envelopes, but the distance which the MA is projected is dependent on ATR. User chooses MA length, ATR length. Additionally, there is a multiplier which can be used to project the bands additional X amount of ATR.
[co.n.g] LeathermanThis is a modest approach of assembling my most favorite strategies into a single indicator script!
I extended the functionality of the ART to the maximum in this piece of price action and volume analysis.
The original "Average Range Targets" - though by default turned off t due to heavily re-scaling the chart -
and the previous day's high and low.
What I've added:
high and low of the actual week
high and low of the previous week
open of the day
close of the previous day
VWAP of the daily session - adjustable to any length
VWAP of the weekly session
opening range / inital balance of the session -fixed to 15 Minutes
I've decluttered the chart as good as possible.
KNOWN BUGS:
Sometimes the plotting is incorrect due to rescaling or zooming in and out of the chart.
How to use - a quick price action guide:
The breakout of the open range is often indicating the trend of the day, a false breakout is often seen as a reversal sign.
A price below the VWAP is seen as cheap, a price above as expensive. In contrary to others, I personally prefer to see a rising price on a rising VWAP ;
additionally, I like bounces off or spikes and reversals through the VWAP , either the daily or the weekly.
The highs and lows of the days and weeks are seen as support and resistance . Trade preferably long above and short below those levels.
The ADR is an indication not working perfectly, especially with stocks.
!!! WARNING !!!
Don't rely solely on a single script nor a single indicator!
Always consider the price action, the trend, the overall market and especially the volume.
There is no "Get-Rich-Quick"-scheme, learn to read the chart and trade accordingly.
Enjoy and make money!
Yours,
Constantine
p.s.:
If you like to show your gratitude for my work:
CHEER!
Risk Volume CalculatorBid volume calculation from average volatility
On label (top to bot):
Percents - averaged by moving in timeframe resolution
Cash - selected risk volume in usdt
Lots - bid volume in lots wich moving in Percents with used leverage is Cash
U can switch on channels to visualise volatility*2 channel or stakan settings
2HLA very simple, almost naive strategy, in which you buy on the lowest of the two previous candles and sell at the highest of the two previous candles. You can configure these highest and lowest lenght, in some assets two is too small of a number to make profit. You can also configure to exit the position after X, and I found that 7 (which is a week of working days) is a good number for that.
This is strategy is intended to be used as a swing trade. Your capital needs to be high enough so that it can pay the operaitonal costs, and reach it's target with a reasonable profit.
Since this is a volatility based strategy, assets that are more liquid won't work properly.
ATR_percentATR_percent is an indicator that i have created to find and be ready for volatility in stock or index. Works best in the 15 min time frame. Use case can be for Nifty and Banknifty.
Basically, whenever the ATR _percent line leaves the yellow line for upwards, market is falling. While if it is heading downwards, the market is rising.
Supertrend - Delayed TrailI use supertrend for for trailing stops. One of the problem of trailing stops in long term trend trading is we get stopped too early and then trend continues. To avoid this problem, we can limit or delay our trailing.
In this modified version of supertrend, we can delay trailing by two methods:
Bars : Trail after certain bars. Input DelayBars says after how many bars it should trail.
Steps : Trail after reaching equivalent stop on the other side.
ConsiderWicks option reverse direction upon high reaching trailing Sell stop or low reaching trailing buy stop (instead of close)
ConsiderWicksForDelayByStep does the same thing for calculating if the steps have reached.
Volatility Squeeze Region IndicatorVolatility Squeeze Indicator conditions based on lowest ATR ,proportion of Bollinger and keltner channel upper and lower bands. Usage to identify and highlight Squeeze region when if indicator value <1 means Squeeze On and >1 means Squeeze off .
Additionally Background Highlights for Daily(Blue), Weekly(Brown) and Monthly(purple) Squeeze regimes for confluence check. For Breakouts and trades use appropriate Price Action and in conjunction other indicators.
TrendRangeIdentifier V2This is the enhanced version of TrendRangeIdentifier:
Highlights of this version are:
Different ATR multiplier used based on trend.
Supertrend is used for trend bias for determining which ATR to use on which side
Crossover is based on option selected. It can be either high, low or close price which is determined by crossover type selected.
Remaining parameters remain same as that of original indicator.
Moving Average Ribbon Master StrategyThe following features available in this strategy are listed below. To access, please visit the website in the signature area of this posting.
INTRODUCTION
Robust, fast, trading system
Multiple time frame (MTF) aspects built in everywhere into the strategy
Combines swing, scalp, greedy, volatile trading mechanisms
Works on intraday day time frames as well as Daily and Weekly
Trade sizing, targets, and stops are shown as new trades form and existing trades develop
Alerts warn the trader on all aspects of the trade evolution
Alerts are ready to be used for complete lifecycle automated trading
EMA TRADING
Combining EMAs on a higher time frame than the chart time frame is key
Trade conditions are met on a lower time frame that agree with the EMA ribbon direction
WHY DOES IT WORK?
With the right EMA settings, it is "hard" to generate trades.
The trade direction can easily shift
Successful trade entry triggers require a strong trend
While the EMA trend is positive, longs are taken on pullbacks, opposite for shorts
A basic learning algorithm is used to create a stop behind the trades
Learns over time the best stop offset from the price based on volatility
SWINGS AND SCALPS
Swings and scalps are treated differently.
Swings are the very first trade taken upon a directional shift. This is similar to the DIVINE series trading strategies
Swings are held until stopped out, Scalps always have a target based on the current volatility of the ticker and multiplier
Both swings and scalps start out in the "building" or "forming" phase.
A building phase is triggered when all criteria are met to form a long or short
Both trade types are executed as a market long or short when the ATR execution sensitivity reverses
The current ATR direction can be seen by the colored bars.
TRADING STYLES
Conservative
Aggressive
Greedy
Volatile
TRADE SIZING
Contract/Unit
VIX Multiplier
Percent of Equity
Percent Risk
TRADE INFORMATION
Historical trades show the price target of a scalp and the number of ticks of profit in parenthesis
New trades show all of the extra information surrounding the trade. This can be turned on to show the same information for past trades, but is left off to reduce clutter
Go over trade information categories one-by-one
Recent historical trades have a tooltip loaded to hover over and see the hidden information
Scalp trade is filled the numbered scalp icon shows as a (N)
SESSION WINDOW
Longs and shorts can only receive an execution signal when the ticker is within one of three session options provided
ADJUSTMENT
Last 3 sizing types show the quantity required to enter the trade to meet the parameters
Percent risk automatically adjusts the quantity to meet the risk criteria given the account equity, per trade
The account currency can be changed with will update the quantities automatically
Tick Unit and Value can also be changed if they are not accurate
ALERTS
Alerts for entire trade lifecycle
Full automated trading ready
GAURs Polynomial Regression ChannelsThanks to The Sweet Lord , here is the Gaur's Polynomial Regression Channel.
Its a Polynomial Regression Channel but applied a little differently. Wont go into technical details much. Overview of options is as follows-
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Channel Options
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1. Degree of Polynomial: 1/2/3
Default = 3
Defines the degree of polynomials - 1,2,3. Note here, degree 1 will not be a straight line since its applied differently.
Try different degrees for different fits and market conditions.
2. Channel Length:
Default 30 (candles)
You can go beyond 100 or 200 candle lengths but smaller is the usual preference of Poly-Reg-channel traders. It all depends on market conditions and your style of trading. Do your research. I am usually comfortable with a range of 20-50 (in crypto markets).
3. Basis of Channel height/boundries: ATR/Manual
Default: ATR
ATR provides a dynamically adjusted entry/exit bounds of the channels. As ATR changes, the channel bounds also changes its height. It can also be fixed manually. Manual heights wont change automatically.
4. Basis of Y-Value: open/close/ sma / ema / wma /hilow
Default: close
Y- value is the y value of the (x,y) coordinates used while calculating the regression coefficients. Dont worry about it, its nothing serious.
5. Apply channel smoothning using sma?: Yes/No
Default: Yes
Without smoothning, the channel does not "look" good.
6. Shaded Area Height Percentage:
Its the extra margin for the channel. Its in percentage of the total height (defined 3 above) of channels. The shaded area provides an extra allowance for your entries or exits beyond the ATR or manual heights.
7. Plot RSI?: Yes/No
Default: Yes
Plots RSI (orange line in between the channel - its different from the dotted center line) considering the downbound of channels as 0 (oversold) and upbound of channels as 100 (overbought)
8. Plot 200 sma?: Yes/No
Default: Yes
It plots a 200 period fast (green) and 225 period slow (red) sma . I usually use two MAs. Its visually very easy to understand.
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Sample Strategy
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You can develop your own strategy with the channels. But following is just one of the ways you can trade.
Best Application: Ranging markets. But can be happily used in volatile conditions, with a little experience.
1. SMA: -- (this condition is optional really)
If green (200) is above red (225) go only long. If red is above green go only short. Defines long term trend of the market.
2. Channel slope: -- (this stuff needs practice/experience)
Depending on the channel slope, like if its tending to go up or down, you can choose to take only short or long trades. It defines short term momentum of the market.
3. ATR based heights:
Since its ATR based, the channel height are our natural entry and exit points.
Long:
When price touches lower shaded area, consider possible long entry. Exit on price entering the upper shaded area.
Short:
Enter on upper bound shaded area, exit on lower.
4. RSI:
For additional conformations. Again note, the RSI considers the lower bound of channel as 0 and upper as 100. But since, the channel moves up and down, the RSI will also move not only as RSI but also with the channel. Meaning, say if the RSI is valued at 50, then it will be near the center of the channel but since the center changes as time and price changes, the RSI valued at 50 at different times will not be at the same horizontal level respect to the graph, although it will be at the same level (center) respect to the channel.
5. PRC Channel Percentage label:
This label is at the lower side a bit ahead of the current candle. Provides you info on what is the channel percentage. This is especially helpful in crypto markets to gauge your possible percentage profit where profits can be much higher than forex or other instruments. It can also helps you select a suitable market/instrument if the channels are based on ATR.
6. Extra indicators:
I usually use stochastic along with this setup for extra conformations.
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Donate
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Use freely and donate generously if you find value. Your help will really help.
I had earlier provided BTC addresses for donations but it seems to violate TV House rules.
Hope they make TV coins redeemable in future.
- Pranav Joshi
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Extra Info
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// © cpranavjoshi
// special thanks to the "Trading View" people for providing this great platform for free
// ------------------------
// MATH
// ------------------------
// special thanks to an article on the web that provided layman friendly explanation of the maths
// unfortunately i wont be able to provide the link to that article owing to TV restrictions, though i sincerely would have liked to credit the author.
// Google search this phrase, and you should be able to get it in one of the first results - "polynomialregression Mathematics of Polynomial Regression"
// my regression math calculation is a further resolution upon the generalized matrix formula given in the that article.
// the generalized matrix looks scary but in fact its much simpler than one may assume
// the summation sign things are just float numbers that can be easily found out
// so we get a matrix with number of equations equal to the number of unknowns.
// e.g. if its a 3rd degree poly, it has 4 unknowns (c0,c1,c2,c3) with 4 equations as in the generalized matrix
// it can be resolved by simple algebra
// Note: the results have been verified with excel using same input data points.
// pine was difficult for me so i coded it in python first to verify
// ------------------------
// WHY
// ------------------------
// this script was coded because Pranav badly needed Polynomial channels (had used them in mt4 earlier)
// and at the time of this coding, i could not find any readily available script in the trading view public library ( tnx public)
// the complex math was probably the hurdle
// i m not good in maths, but by the Will of the Lord, i could resolve the issue with simple algebra and logic
// ------------------------
// PINE
// ------------------------
// i am just an average (even poor probably) programmer and pine script is not my language
// this is a humble attempt to write my first pine with whatever i could do quickly
// experts - feel free to develop if needed. have used some workarounds in drawings/plottings. rectify them if possible
//
//
// - Pranav Joshi
© Investoz Volume/ATR/DailyRange/OHLC/Probability/VolatilityThe relationship between returns, volatility and trading volume has interested financial economists and analysts for a long time.
Is there any dynamic relationship between trading volume, returns and volatility in the financial markets?
In recent financial studies, the linkage between return, volatility and trading volume is a central issue as it provides insights into the microstructure of financial markets. The price-volume relationship is seen as it is related to the role of information in price formation. Trading volume is defined as the number of shares traded each day and is an important indicator in technical analysis as it is used to measure the worth of stock price movement
either up or down.
Investors' motive to trade is solely dependent on their trading activity; it may be to speculate on market information or portfolios diversification for risk sharing, or else the need for liquidity. These different motives to trade are a result of processing different available information. In consequence, trading volume may originate from any of the investors who may have different information sets. As various studies reported, the information flow into the market is linked to the trading volume and volatility. Thus, since the stock price changes when new information arrives, there exists a relation between prices, volatility and trading volumes.
Significant efforts have been made, empirically and theoretically, on the phenomenon of stock price and volume relationship. Although the majority of those findings have confirmed the existence of positive contemporaneous relationship between trading volume and returns, the study of different stock markets have given mixed results about the causal return-volume relationship.
So, if you think that price and volume is important, maybe this indicator full of information around this topic may help you or make it easier in many ways.
Let me briefly guide you through.
To the right you have all the information within a label directly on the chart. Inside the label you will see following information:
-Number of bars
-Volume
-Average true range
-Daily range
-OHLC
-Probability for tomorrow´s daily range
-Warning of increased volatility
In the chart, you will also see where the expected daily range is likely to be within, with high and low levels.
Finally, I like to say this:
I have put a lot of work into this script and let me know if you use the indicator and what you think of it. Also if it is of some help or maybe you who use it, have found something wrong that needs to be reviewed and changed or information that would be important to add?
Enjoy!
Renko MTF - Traditional and ATRSomehow there aren't too many renko bars that have the traditional setting built-in so I put one up. This one has the option to choose between Traditional and ATR, the size number corresponds to the option that was chosen. And just in case if anyone wanted, I put up a multi-time frame option to choose the time frame the bars take place. D is for day, W is for week, flat numbers are in minutes, and leaving it blank looks at the current time frame the chart is in. The calculation comes from how Tradingview handles renko bars.
Renko bars don't paint a color unless the market moves a certain amount based on its settings. When the market moves up it turns green, if it moves down it turns red, simple color changes alone can say a lot. They're a good way to try to find trends somewhat objectively and seem to be a good way to eliminate time and can replace other time-based indicators that can whipsaw or lag. The bars have a tendency to repeat themselves so it's a good way to find trends. There aren't too many settings for the box size, most people either just choose 5, 10, 14, etc where as other indicators have many options that differ on different markets. The numbers can be chosen easily enough to pick a sweet spot with just a single input where other indicators such as MACD have multiple inputs to pick the right number that can make it difficult to choose from(although it won't be as precise as a MACD would sometimes but can be worth the objectiveness and consistency and same setting repeatability in different markets in my opinion). Some example strategies could be to use them as an alternative trailing stop, finding trends, a simple color change for entry and exit on top of other strategies, etc. It can do the job of many in an all in one price action type indicator(although not better all the time, it can come close enough). Despite all this, it does seem to depend on which time-frame it's being looked at, how TV does the calculation for it, and how one can use this with the lack of practical information on it out there.
[NLX-L2] Renko Flip- Renko Flip -
This indicator give you signals based on non-repainting Renko blocks (ATR based) on regular candle charts and is Multi-Timeframe compatible.
- Example: How to Use -
1. Add a Trend Indicator like Trend Index MTF to your chart
2. Add this Renko Flip Indicator to your Chart and select the Trend Index MTF with Type L1 in the Settings as Signal Source
3. Add the Backtest Module to your Chart and select the Renko Flip Signal with Type L2 as Source
The Hurst-Exponent-Signal-Filter can be used as well, simply add it in between the Renko Flip and Backtest/Alert module :)
- Alerts for Automated Trading -
See my signature below. Contact me for the Alert module.
CC - ATR BandsPlots ATR bands around candles at any HTF resolution you desire, taken in through the inputs. The white line represents the open of the HTF, the red and green the expected boundaries. You can use the risk tolerance slider up/down to adjust how risky you want to be with the ATR bands.
I am not responsible for outcomes using this method, indicator or anything else. Please do your own due diligence.
Volatility Support & Resistance [LM]Hello guys,
I would like to introduce you volatility support and resistance horizontals. It draws line horizontal on high and low vhighly volatile candles. You can select lines on this timeframe and/or another one. It's done in the same spirit like my other indicators for horizontals
The colors are dynamic depending whether price is below or above the line:
for the current timeframe green is used for support and blue for resistance
for the other timeframe by default 4h orange is used for support and violet for resistance
There are various sections in setting:
general settings - here you can select ATR length, multiplier and show labels
show and hide section of the current timeframe
other timeframe
show and hide other timeframe horizontals
Any suggestions are welcome
ATR TRex [ipooya]To appreciate dear Mr.Khakestar efforts I have converted his mt4 ATR formula to pine script. All credits go to him.
you can view the ATR result of each candle in the past:
The first black number is the ATR of the M1 chart.
The second black number is the ATR of the M5chart.
The third black number is the ATR of the M15 chart.
The fourth black number is the ATR of the H1 chart.
The fifth black number is the ATR of the H4 chart.
The sixth black number is the ATR of the Daily chart.
The seventh black number is the ATR of the Weekly chart.
**and the second number of every line is live ATR ( current ATR candle)
What makes this ATR formula so different?
This formula invented by Mr.Khakestar and it shows the power of the price to move in each cycle of the chart. We can use it in RTM strategy and Price Action trading. To learn how to use it you need to learn TRex strategy (Presented by Mr.Khakestart for free in Persian).