Combination of Volume Average Trend & Volume Power Range
Able to Change Average Moving Type & Length = Depending on How Volatility /Smooth is Require on your Strategy
1# Color Green = The Volume On Trend Up
2# Color Red = The Volume On Trend Down
3# Spiking Higher Volume = End of the Top/ Bottom
Disregard the above chart, I am not sure why it isn't showing the one I want, which is linked below:
This is as far as I can tell the closest representation to Dr. Alexander Elder's updated "Elder Impulse System" that has added ATR-volatility bands up to 3x deviations from price. ...
Good money management is one of the fundamental pillars of successful trading. With this indicator, we propose a simple way to manage trading positions. This tool shows Profit & Loss (P&L), suggests position size given a certain risk, sets stop losses and take profit levels using fixed price value/percentage/ATR/Range, and can also determine entries from crosses...
This is a very basic, but powerful script.
It gives you the ratio between the rate of change of the last x days and the average true range of the last y days.
---> ROC-ATR Ratio = ROC/ATR
Therefore, you can see how much the price has moved relative to the prices in the past.
This is important because (in my opinion) the basic ROC indicator is not very...
The Moving Average Support and Resistance Channel is a channel that consists of trend lines of resistance and support of the analyzed instrument, represented as moving averages with the selected type and smoothing period on a certain timeframe, where:
- Middle Line - the middle of the channel (the moving average of the pivot point using the Floor Pivot method)
SuperTrend is one of the most common ATR based trailing stop indicators.
In this version you can change the ATR calculation method from the settings. Default method is RMA, when the alternative method is SMA.
The indicator is easy to use and gives an accurate reading about an ongoing trend. It is constructed with two parameters, namely period and multiplier....
A popular trend indicator based on ATR. Similar to the SuperTrend but uses a different trend's identification logic.
I am publishing a disclosed code without license. Remember that in the future you may see a lot of paid IO scripts called BuySellScalper, Trend Trader Karan, Trend Trader and etc (by other authors) which will be based on this script. I found the...
//These signals mostly consist of crossovers between a 13 VWMA and a 62 VWMA. I've found these two moving averages to be quite special in their ability to
//recognize a quick trend using volume data. The VWAP is used in the alert system as well, to give some perspective on which direction we are looking to take. We
//are also using ATR. We only take trades when...
## THIS SCRIPT IS ON GITHUB
## MORE BACKTEST
SuperTrend is a moving stop and reversal line based on the volatility (ATR).
The strategy will ride up your stop loss when price moviment 1%.
The strategy will close your operation when the market price crossed the stop loss.
The strategy will close operation when the line based on the volatility will...
I wrote some Support/Resistance scripts before this. In this new script, I implemented the logic of the code from the scratch, so it's very different from my previous S/R indicators and I think it's more advanced, accurate and efficient.
As the result it could do the followings for now:
- Draw more strong classical resistance/support levels by checking previous...
Fibonacci Fans application on top of Previous Higher TimeFrame High and Low. Idea owner is @faizannawaz1, special thanks to him for both the idea and tesing the application
WARNING : Study includes plottings in the future, and due to temporal gaps in non 7/24 markets such as weekends, holidays etc plotting of the fans...
Displays the following values in a table in the upper right corner of the chart:
ADR%: Average daily range (in percent).
ATR: Average true range (hidden by default).
LoD dist.: Distance of current price to low of the day as a percentage of ATR.
All values are calculated based on daily bars, no matter what time frame you are currently viewing. Doesn't...
Today I present you a Supertrend not based on candle close but based on a CCI (Commodity Channel Index)
How does it work?
Bull event: CCI crossing over the 0 line
Bear event: CCI crossing below the 0 line
When the event is triggered, the script will plot the Supertrend as follow
UP Trend = High + ATR * Factor
DOWN Trend = Low - ATR *...
The general idea of using SwingArms is to provide a visual confirmation of a trend change.
Green for bullish (BUY)
Red for bearish (SELL)
A color-coded system providing an easy way for a novice to understand.
Converted to TradingView based on the work of Jose Azcarate.
I hope you guys enjoy.