Average True RangeThe Default Average True Range doesn't appear to be accurate, not sure why. Rewrote it, hopefully it works better for everyone than the original.
Cari dalam skrip untuk "range"
[RS]Dolchian/Bollinger Hybrid V0EXPERIMENTAL: trend and range analysis using dolchian and bollinger channels methodology merged into one, possibly it can be used to extract 3d depth of market :p
Average True Range Trailing Stops Strategy Average True Range Trailing Stops Strategy, by Sylvain Vervoort
The related article is copyrighted material from Stocks & Commodities Jun 2009
Range_Outlier_ActionThis identifies Buy and Sell Points once the period high breaches the SMA High and period low breaches the SMA Low. It produces profitable results greater than 87% of the time. You should still monitor and set up stop-losses as appropriate.
Range Filter Buy and Sell 5minA powerful multi-resolution volume analysis tool that stacks multiple profiles of historical trading activity to reveal true market structure.
This indicator breaks down total and delta volume distribution across time at four adjustable depths — enabling traders to spot major POCs, volume shelves, and zones of price acceptance or rejection with unmatched clarity.
🔵 KEY FEATURES
Multi-Layer Volume Profiles:
Up to 4 separate volume profiles are stacked on the chart:
- Profile 1: Full period
- Profile 2: Half-length
- Profile 3: Quarter-length
- Profile 4: One-eighth-length
CRT Hourly/15m dividers and opensRange Separator is a unique tool designed to help traders visualize critical price levels and ranges on their charts. This script employs the innovative concepts of "Candles Are Ranges" and the "Power of 3 (PO3)" to enhance trading strategies by marking key time intervals and price levels.
What the Script Does:
Hourly Lines:
Automatically draws vertical lines at the start of each hour.
Provides an option to display only the current hour's line for a cleaner visual.
Allows customization of line color, width, and style.
15-Minute Lines:
Adds vertical lines at 15-minute intervals to highlight smaller time ranges.
Includes an option to draw horizontal lines at the 15-minute interval prices.
Offers customization for line color, width, and style.
Horizontal Lines:
Draws horizontal lines based on the opening, high, or low price of the selected timeframe.
Customizable options for line color, width, and style.
How the Script Works:
Candles Are Ranges: Each candle represents a price range (OHLC) on any timeframe. The script visually emphasizes these ranges, helping traders understand price action better.
Power of 3 (PO3): This concept divides price delivery into three stages: formation, turtle soup (stop hunting), and distribution/expansion. The script marks these intervals, aiding in identifying potential key levels for entries and exits.
How to Use the Script:
Adding the Script:
Apply the script to your chart and adjust the settings in the input menu.
Customize the appearance of hourly and 15-minute lines to suit your preference.
Analyzing the Chart:
Observe the hourly lines to determine higher timeframe biases.
Use 15-minute lines to identify more granular price movements.
Pay attention to horizontal lines that mark significant price levels based on your chosen criteria (open, high, low).
Trading Strategy:
Combine the script's visual aids with your understanding of the "Candles Are Ranges" and "Power of 3" concepts.
Use these visual cues to make informed decisions about potential entry and exit points.
What Makes it Original:
Integration of Candles Are Ranges and PO3 Concepts: Unlike traditional scripts that merely plot lines, this script uniquely integrates two powerful trading theories to provide a comprehensive view of price action.
Customizable Visual Aids: Offers extensive customization options for line colors, widths, and styles, allowing traders to tailor the script to their specific needs.
Enhanced Timeframe Analysis: By marking both hourly and 15-minute intervals, the script provides a detailed view of price ranges across multiple timeframes, enhancing the trader's ability to make informed decisions.
- Key script Parameters
Show Hourly Lines: Toggles the display of vertical lines marking each hour.
Hourly Lines Color: Sets the color of the hourly vertical lines.
Hourly Lines Width: Chooses the width of the hourly vertical lines (1, 2, or 3).
Hourly Lines Style: Selects the style of the hourly lines (Solid, Dashed, or Dotted).
Horizontal Line Color: Defines the color of the horizontal lines drawn at hourly intervals.
Horizontal Line Width: Determines the width of the horizontal lines (1, 2, or 3).
Horizontal Line Style: Sets the style of the horizontal lines (Solid, Dashed, or Dotted).
Horizontal Line Start Price: Specifies which price (Open, High, Low) the horizontal lines will start from.
Show Current Hour Only: Limits the display to only the current hour's horizontal line.
Show 15-Minute Lines: Toggles the display of vertical lines marking each 15-minute interval.
15-Minute Lines Color: Sets the color of the 15-minute vertical lines.
15-Minute Lines Width: Chooses the width of the 15-minute vertical lines (1, 2, or 3).
15-Minute Lines Style: Selects the style of the 15-minute lines (Solid, Dashed, or Dotted).
Show 15-Minute Horizontal Lines: Toggles the display of horizontal lines at 15-minute intervals.
15-Minute Horizontal Lines Color: Defines the color of the horizontal lines drawn at 15-minute intervals.
15-Minute Horizontal Lines Width: Determines the width of the horizontal lines (1, 2, or 3).
15-Minute Horizontal Lines Style: Sets the style of the horizontal lines (Solid, Dashed, or Dotted).
Important Notes:
- Credit to @Yazdanian and his basic "Hourly separators" indicator that plots a simple vertical line every hour which provided the idea for this version and expanded on
- This script is designed to complement your trading strategy by providing visual aids and should be used alongside other technical analysis tools.
It is not intended to issue buy or sell signals but to help you understand price ranges and potential key levels.
Disclaimer: The script is provided as-is, and the authors are not responsible for any trading losses incurred using this script. Always perform your own analysis and use proper risk management.
Range: OHLC vs Previous OHLCThis will plot your choice of OHLC (or any of the averaging choices) of the current candle compared to the previous candle.
For example if you choose "high" for the input and set the chart to daily, you'll see the currently daily high vs the previous daily high.
Green candle represent a higher high and the length of the candle represents how much higher.
Red candles represent a lower high than the previous day and the length is by how much lower.
This indicator is pretty straight forward, look for me to build on this with something a little more elaborate in the near future.
Range supply and demandHi all!
This is a very simple indicator. It plots the high timeframe (configurable via the "Timeframe" setting) high/low current timeframe bars (that has the same high/low as the higher timeframe) as supply/demand. The higher timeframe bar that's chosen is the one that's next last. As of now one high and one low zone is plotted.
The defaults are based on useful zones when on daily candles.
You can choose to display the higher timeframe within the zone via the "Show" option.
Hope this is clear enough, let me know otherwise.
Best of luck trading!
Range Level [plx]This indicator automatically draws Fibonacci levels based on your selected timeframe: Monday, Monthly, or Quarterly.
For instance, if you choose Monday, it plots Fibonacci levels (0, 0.25, 0.5, 0.75, 1) based on that day's candle. You can also opt to display titles on the top right of each line for clarity.
Additionally, it offers the feature to show a dashed line between levels for easier visualization of the midpoint.
Designed for educational purposes.
Nadaraya-Watson Envelope: Modified by YosietRange Filter indicator based on the LuxAlgo Nadaraya-Watson Envelope () indicator adding the SMA 30 high and SMA 7 low to predict the changes of the trends lines price.
WARNING: This indicator, as the same as the original, repaints the chart and could affect the exact values of the prices.
SMA Low 7 was identified using tensorflowJS years ago as accurate and abstract rsi indicator
SMA High 30 was identified using tensorflowJS years ago as accurate and strong trend line
This two SMAs were added to the original indicator Nadaraya-Watson to predict the exact points where the price will change direction or will re-test the trend to continue on.
The signals will act as the Williams Fractals, replacing the original signals of the indicator.
For those ICT/SMC traders, the bands and SMAs can toggle off in the settings of this indicator.
SETTINGS
Can set the source of the UPPER band indivuadilly
Can set the source of the LOWER band indivuadilly
Can toggle the visibility of the bands, this will not affect the calculations
Can toggle the visibility of SMAs
ALERTS AND SIGNALS
When the SMA LOW 7 cross under or over the bands, will trigger a signal orange
When the SMA 30 High cross over the upper band, will trigger a short signal purpple
HOW TO USE IT
If the both signals appears (sma 7 low and sma 30 high) crossing the upper band at the same point, this means that the price will drop strongly.
If the sma 7 low cross signal (orange triangle) appears under the price and lower band, means that the price will go up.
The separation of the signals from the chart will suggest the force of the movement. While more distance be, strongest reaction of the price.
DISCLAIMER : This indicator or script does not imply or constitute financial advice, investment advice, trading advice or any other type of advice or recommendation by and for TradingView. Use it at your own risk and your own decision.
Range Based Signals and AlertsThis script produces a compiled version of rule based signals that is meant to be used mainly on 5 Min timeframe based on daily(as default) Highs and Lows on average and the main purpose is to give user settings to change and adapt based on their needs and make it as adjustable as possible. This entry strategy idea does not belong to me but for TV's in-house rule reasons i can't disclose whose idea it is but i think people that will use this indicator will know who the original idea belongs to.
Rules used for signal production:
- Daily(As default) High-Low points
- Moving Average for detecting reversing of price
- MTF MACD (Daily as default) for detecting overall trend
Signals produced based on extensions of price out of daily zones and when they drop or rise back into moving average. A conditional checker is used for reducing repeated unnecessary signals and alerts.
Happy trading.
Range Filter - B&S Signals - 001 - edited I have not description. Publishing so a freind can use it.
Range filter v1The original design here I change the calculation to try to make it more correct
alerts taken from Xavi alerts model of the original
can be use as filter or by its own
Range Action Verification Index (RAVI) Backtest The indicator represents the relative convergence/divergence of the moving
averages of the financial asset, increased a hundred times. It is based on
a different principle than the ADX. Chande suggests a 13-week SMA as the
basis for the indicator. It represents the quarterly (3 months = 65 working days)
sentiments of the market participants concerning prices. The short moving average
comprises 10% of the one and is rounded to seven.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Range Action Verification Index (RAVI) Strategy The indicator represents the relative convergence/divergence of the moving
averages of the financial asset, increased a hundred times. It is based on
a different principle than the ADX. Chande suggests a 13-week SMA as the
basis for the indicator. It represents the quarterly (3 months = 65 working days)
sentiments of the market participants concerning prices. The short moving average
comprises 10% of the one and is rounded to seven.
WARNING:
- This script to change bars colors.
Alan Kelland's BoxThose of you not familiar with Alan Kelland's trading method called the "Alan Square" or "DaBox" may find this indicator interesting. Here is a brief excerpt from the documentation:
Alan Kelland's Box Trading Method
A draw tool growing in popularity is the Alan Square, named after its inventor Alan Kelland. Alan's method is first and foremost price action. The square serves as a structure to create
Opportunities
Targets and
Protection
Percent change bar chart This histogram displays price or % change from previous bar.
Can be applied to any time frame.
Price Depth Analysis to the MAHello Traders! Today, I bring you an indicator that can greatly assist you in your trading. This indicator aims to analyze the Expansion and Contraction process of the price in relation to a moving average. We refer to "Expansion" when the price moves away from the moving average; a significant expansion could signal that the asset is in a strong trend. On the other hand, when we refer to "Contraction", it's when the price approaches or returns to the moving average. A contraction could signal that the asset is losing momentum and might be preparing for a trend change or consolidation.
To use the indicator, the first thing you need to do is define the type of analysis you want to perform (from the indicator settings) whether you want to evaluate prices above the moving average or below. You should also select the type of moving average and its period.
The indicator will search for the maximum distance in all the chart bars, which will be represented with a yellow label.
From that value, the indicator will generate a certain number of proportional levels (configurable up to 20) and will count all the bars that reached each level. This will be represented in a table showing both the number of bars that reached each range and the percentage in relation to the total bars of all ranges.
Additionally, there's the possibility to view the ranges directly for the current price, providing a good reference.
>> Alerts:
The indicator comes with alerts that notify traders about specific price movements in relation to a moving average (MA). These alerts are triggered when the price enters different ranges, either above or below the MA.
>> Settings:
- Type of Analysis: Users can choose to analyze the price either above or below the MA.
- Length of the moving average: Length of the MA.
- Source of the moving average: Source to calculate the MA (e.g., close, open).
- Type of moving average: Type of MA (SMA, EMA, WMA, VWMA, HMA).
- Show Moving Average: Option to display or hide the MA on the chart.
- Number of levels: Number of levels or ranges to categorize the distance between the price and the MA.
- Number of decimals: Number of decimals to display in labels and tables.
- Show Ranges: Option to display or hide the ranges on the chart.
- Extend Range: Extension of the ranges into future bars.
- Range Fill Transparency: Transparency of the range fill.
>> Potential Utility of the Indicator:
- Entry and Exit Optimization:
By understanding the percentages of each range, traders can identify optimal levels to enter or exit a trade, maximizing profits and minimizing losses.
- Risk Management:
Range percentages can help determine market volatility. A range with a high percentage indicates greater volatility, which can be useful for setting wider stop losses or adjusting position size.
- Overbought and Oversold Zone Identification:
If a price is at the upper or lower extreme of its percentage range, it may indicate overbought or oversold conditions, respectively. These zones can be opportunities for counter-trend trades.
- Momentum Assessment:
A rapid change in range percentages can indicate strong momentum in a particular direction. Traders can use this information to ride the momentum wave or prepare for a potential reversal.
- False Signal Filtering:
By combining range percentage knowledge with other indicators, traders can filter out signals that might be less reliable, thus improving trade accuracy.
- Strategic Planning:
Knowing range percentages allows traders to adapt their strategies according to market conditions. For instance, in a market with narrow ranges and low percentages, they might opt for range strategies. In markets with wide ranges and high percentages, they might look for trend strategies.
- Trend Strength Evaluation:
If range percentages show that the price consistently stays at one end of the range, this may signal a strong and sustained trend.
- Improved Trading Discipline:
By basing trading decisions on quantitative data like range percentages, traders can trade more objectively and disciplined, avoiding impulsive or emotion-based decisions.
>> Future Indicator Update:
- In future versions, we plan to incorporate a detailed analysis based on the historical behavior of candles after the price enters a specific range. For instance, if after an upward movement the price enters a certain range and historically, the next candle tends to be bearish in a high percentage of occasions, this information will be highlighted and presented clearly to the user. The idea behind this addition is to provide traders with a statistical edge, allowing them to anticipate potential market movements with greater accuracy. Moreover, this information could be used to seek trading opportunities in smaller timeframes, aligning the trade direction based on the probability of this mentioned candle.
>> Conclusions:
- In summary, a detailed understanding of each range's percentages in an indicator provides traders with a valuable tool to analyze the market, make informed decisions, and enhance their trading. By grasping the significance of these percentages, traders can adapt their strategies and techniques to fully leverage the opportunities the market presents.
