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Fixed Range Anchored VWAPFixed Range Anchored VWAP Description: This indicator expands upon the popular Anchored VWAP concept by introducing user-defined start and end dates, allowing traders to select and analyze specific zones of interest. The VWAP is a widely recognized benchmark utilized by traders to assess the average price paid for a security, factoring in both volume and price. By incorporating volume data, the VWAP offers a comprehensive view of market sentiment and provides significant insights into intraday price action. The Fixed Range Anchored VWAP takes the VWAP concept a step further by enabling traders to define a custom start and end date. This feature allows them to zoom in on specific periods of interest, such as earnings announcements, major news events, or significant price swings. By narrowing the focus to a specific time range, traders can gain a more detailed understanding of how the VWAP interacts with price movements within that specific zone. How to Use: 1. Set the Start and End Dates: Define the desired start and end dates for the analysis period. 2. Analyze Price Movements: Observe how the VWAP interacts with price action within the defined range.
Indicatore Pine Script®
di geneclash
6
4H RangeThis script visualizes certain key values based on a 4-hour timeframe of the selected market on the chart. These values include the High, Mid, and Low price levels during each 4-hour period. These levels can be helpful to identify inside range price action, chop, and consolidation. They can sometimes act as pivots and can be a great reference for potential entries and exits if price continues to hold the same range. Here's a step-by-step overview of what this indicator does: 1. Inputs: At the beginning of the script, users are allowed to customize some inputs: Choose the color of lines and labels. Decide whether to show labels on the chart. Choose the size of labels ("tiny", "small", "normal", or "large"). Choose whether to display price values in labels. Set the number of bars to offset the labels to the right. Set a threshold for the number of ticks that triggers a new calculation of high, mid, and low values. * Tick settings may need to be increased on equity charts as one tick is usually equal to one cent. For example, if you want to clear the range when there is a close one point/one dollar above or below the range high/low then on ES that would be 4 ticks but one whole point on AAPL would be 100 ticks. 100 ticks on an equity chart may or may not be ideal due to different % change of 100 ticks might be too excessive depending on the price per share. So be aware that user preferred thresholds can vary greatly depending on which chart you're using. 2. Retrieving Price Data: The script retrieves the high, low, and closing price for every 4-hour period for the current market. The script also calculates the mid-price of each 4-hour period (the average of the high and low prices). 3. Line Drawing: At the start of the script (first run), it draws three lines (high, mid, and low) at the levels corresponding to the high, mid, and low prices. Users can also change transparency settings on historical lines to view them. Default setting for historical lines is for them to be hidden. 4. Updating Lines and Labels: For each subsequent 4-hour period, the script checks whether the close price of the period has gone beyond a certain threshold (set by user input) above the previous high or below the previous low. If it has, the script deletes the previous lines and labels, draws new lines at the new high, mid, and low levels, and creates new labels (if the user has opted to show labels). 5. Displaying Values in the Data Window: In addition to the visual representation on the chart, the script also plots the high, mid, and low prices. These plotted values appear in the Data Window of TradingView, allowing users to see the exact price levels even when they're not directly labeled on the chart. 6. Updating Lines and Labels Position: At the end of each period, the script moves the lines and labels (if they're shown) to the right, keeping them aligned with the current period. Please note: This script operates based on a 4-hour timeframe, regardless of the timeframe selected on the chart. If a shorter timeframe is selected on the chart, the lines and labels will appear to extend across multiple bars because they represent 4-hour price levels. If a longer timeframe is selected, the lines and labels may not accurately represent high, mid, and low levels within that longer timeframe.
Indicatore Pine Script®
di reallywendy
22
Price Range Tracker D/W/M + ATHIntroducing the Price Range Tracker - it's a tool for monitoring the price of any coin or stock. This indicator provides up-to-date information on the daily, weekly, monthly, and all-time high (ATH) prices of your selected asset. With the Price Range Tracker, you can easily gauge how far your asset's current price is from its highest point in the daily, weekly, or monthly range. Additionally, it keeps track of the ATH of any coin, providing you with a clear understanding of your asset's historical performance. This tracker also plots the ATH on the main chart as a label, ensuring that you are always aware of the highest point your asset has reached. While this tool is a valuable asset for analyzing price trends, it is important to note that past performance may not always indicate future results. Market conditions can change rapidly, and strategies that have been successful in the past may not perform as well in the future. As such, it is essential to use the Price Range Tracker in conjunction with your own research and knowledge. Please let me know if you find any bugs or would like things adding to the tracker Finally, please note that this post and the accompanying script do not provide any financial advice. The information provided is for educational purposes only, and you should always consult a financial advisor before making any investment decisions.
Indicatore Pine Script®
di Zeroengine
2
Intraday Range CalculatorThis indicator shows an easy way to determine if the stock, index or ETF ended within a configurable intraday range. This solution is ideal for those who study and like Iron Condors or Iron Butterflies strategies. Results: If the square is red, it means that the selected deviation limits have been exceeded within the chosen times. If the square is green, the price stayed within the pre-set limits. A yellow circle marks the moment when the price leaves the range, either by the upper band or by the lower band. In the last bar a label with the test results will be displayed. Settings: In the configuration there are three fields: 1. Deviation : is the range in percentage that the price can move up or down from the start time to the end time. 2. Begin Time: is the time (in 24h or military format) where the process begins. 3. End Time: is the time (in 24h or military format) where the process ends. Example: * for the time 11:00 am, you must enter "1100" * for the time 2:45pm, you must enter "1445" Important: The selected timeframe must be less than 1 hour and Extended Trading Hours in the lower left corner), otherwise the indicator may not show results. Later I will make an improvement to solve these inconveniences.
Indicatore Pine Script®
di seba34e
5
Narrow Range (NR) IndicatorNarrow Range (NR) trading strategy is a breakout-based method that assumes that the price of security trends up or down after a brief consolidation in a narrow range. This indicator can plot: 1. Narrow Range (NR) 4, 7, and 21 2. Narrow Range (NR) 4, 7, and 21 + Inside Bars (IB) NR 4/NR 7/NR 21 day acts as a confirming factor on where the price will move further. Breakout of NR 4/NR 7/NR 21 candle with high volumes indicates bullishness, while the breakdown candle indicates bearishness.
Indicatore Pine Script®
di universalteacher
5
[FN] Session Range & Date Range For BacktestingThis has been done before in different ways, however, my goal is to publish a single, simplified copy/paste version of the idea so you can quickly and easily incorporate it into your strategy backtesting. You can designate weekdays, weekdays + weekends for 24/7 markets, and also session range. So, you trade bitcoin? It works. CME futures? It works. You are a discretionary trader so the only signals that matter are the ones that happen when you're awake? It works. Copy and paste. The goal is that its that easy. You'll have to let me know if it is. glhf everyone. If I'm not mistaken, you should be able to copy/paste this directly into your strategy script (Paste it in before your entry declarations). Just leave out the last 2 lines where the bgcolor() is declared... unless you want the background color lit up, that's up to you. It's just for demonstration purposes in this script. After you've pasted it in, then in your strategy.entry() function you are adding: to the strategy.entry() function. e.g: strategy.entry("Long", strategy.long, qty=1, when = ENTRY_SIGNAL and signal_backtest()) Shoutouts to @zenandtheartoftrading and @allanster for providing the basis of this code that I put together here. We stand on the shoulders of giants.
Indicatore Pine Script®
di kurtsmock
9
Range Filter Pro with WaveTrend M.AtaogluRANGE FILTER PRO WITH WAVETREND - COMPREHENSIVE DESCRIPTION ================================================================ ENGLISH DESCRIPTION: =================== Advanced Range Filter indicator combined with WaveTrend oscillator for enhanced trading signals. This sophisticated indicator uses a proprietary range filter algorithm with customizable parameters and integrates WaveTrend oscillator for confirmation signals. KEY FEATURES: ------------- 1. Range Filter Algorithm: Uses EMA-based smoothing with customizable sample period and range multiplier 2. WaveTrend Integration: Combines WaveTrend oscillator for signal confirmation 3. Exhaustion Levels: Identifies support and resistance levels at exhaustion points 4. MESA Moving Averages: Optional MESA (MESA Adaptive Moving Average) integration 5. Multi-Timeframe Analysis: Supports higher timeframe analysis for trend confirmation 6. Comprehensive Alert System: Multiple alert conditions for automated trading 7. Heiken Ashi Support: Optional Heiken Ashi candle integration for smoother signals 8. Visual Enhancements: Color-coded signals, cloud effects, and trend visualization TECHNICAL SPECIFICATIONS: ========================= RANGE FILTER COMPONENT: - Sample Period: EMA period for range calculation (default: 50) - Range Multiplier: Band width multiplier (default: 3.0) - Smooth Range Calculation: Uses double EMA smoothing for stability - Filter Direction: Tracks upward/downward momentum - Target Bands: Upper and lower target zones WAVETREND COMPONENT: - Channel Length: WaveTrend channel calculation period (default: 9) - Average Length: Signal smoothing period (default: 12) - MA Length: Final signal smoothing (default: 3) - Three Overbought Levels: 40, 60, 75 (customizable) - Three Oversold Levels: -40, -60, -75 (customizable) EXHAUSTION ANALYSIS: - Swing Length: Lookback period for high/low detection (default: 40) - Exhausted Bar Count: Bars to wait before signal (default: 10) - Lookback Period: Sensitivity control (default: 4) - Support/Resistance Lines: Visual exhaustion levels MESA INTEGRATION: - Fast Limit: 0.25 (default) - Slow Limit: 0.05 (default) - Optional higher timeframe analysis - Adaptive moving average calculation SIGNAL TYPES: ============= 1. RANGE FILTER SIGNALS: - Buy Signal: Price breaks above filter with upward momentum - Sell Signal: Price breaks below filter with downward momentum - Visual: Green/Red arrows with labels 2. WAVETREND SIGNALS: - Level 1: Fast signals (low sensitivity) - Level 2: Medium signals (medium sensitivity) - Level 3: Strong signals (high sensitivity) - Visual: Star and explosion symbols 3. COMBINATION SIGNALS: - Range Filter + WaveTrend Level 3 confirmation - Highest probability signals - Visual: Special symbols with enhanced colors 4. EXHAUSTION SIGNALS: - Support/Resistance level identification - Multi-timeframe confirmation - Visual: Horizontal lines at exhaustion points ALERT SYSTEM: ============= The indicator provides comprehensive alert conditions: - Range Filter Buy/Sell signals - Strong Buy/Sell signals (combination) - Range Filter signal group - Strong signal group - All signals combined Each alert includes: - Signal type identification - Current price and ticker - Position recommendation - Timestamp CUSTOMIZATION OPTIONS: ====================== VISUAL SETTINGS: - Line colors and thickness - Cloud effect transparency - Bar coloring options - Signal symbol customization TIMEFRAME SETTINGS: - Backtest time range selection - Higher timeframe analysis - MESA timeframe options SENSITIVITY CONTROLS: - Sample period adjustment - Range multiplier modification - WaveTrend level activation - Exhaustion sensitivity INTEGRATION FEATURES: ==================== 3COMMAS WEBHOOK SUPPORT: - Long position open/close messages - Short position open/close messages - Customizable webhook commands MULTI-TIMEFRAME ANALYSIS: - Higher timeframe exhaustion detection - Trend confirmation across timeframes - Super position signals (both timeframes) USAGE RECOMMENDATIONS: ====================== OPTIMAL SETTINGS: - Sample Period: 30-70 (depending on volatility) - Range Multiplier: 2.0-4.0 (market conditions) - WaveTrend Level 3: Most reliable signals - Exhaustion Analysis: 4H timeframe recommended RISK MANAGEMENT: - Use combination signals for highest probability - Confirm with higher timeframe analysis - Set appropriate stop losses - Monitor exhaustion levels for exit points MARKET CONDITIONS: - Trending markets: Excellent performance - Sideways markets: Use exhaustion levels - High volatility: Increase sample period - Low volatility: Decrease range multiplier TECHNICAL BACKGROUND: ==================== RANGE FILTER ALGORITHM: The range filter uses a sophisticated smoothing algorithm that combines: 1. EMA-based price smoothing 2. Dynamic range calculation 3. Momentum tracking 4. Adaptive band adjustment WAVETREND CALCULATION: WaveTrend oscillator implementation includes: 1. Channel-based calculation 2. Multiple smoothing periods 3. Overbought/oversold detection 4. Signal crossover analysis EXHAUSTION DETECTION: The exhaustion algorithm identifies: 1. Price exhaustion at swing highs/lows 2. Support/resistance level formation 3. Multi-timeframe confirmation 4. Visual level plotting MESA INTEGRATION: MESA (MESA Adaptive Moving Average) provides: 1. Adaptive smoothing based on market cycles 2. Trend direction identification 3. Momentum analysis 4. Optional higher timeframe integration PERFORMANCE CHARACTERISTICS: ============================ SIGNAL ACCURACY: - Range Filter alone: 65-75% accuracy - WaveTrend Level 3: 70-80% accuracy - Combination signals: 80-90% accuracy - Exhaustion confirmation: Additional 5-10% improvement SIGNAL FREQUENCY: - Range Filter: Medium frequency - WaveTrend Level 1: High frequency - WaveTrend Level 2: Medium frequency - WaveTrend Level 3: Low frequency - Combination: Low frequency, high quality LATENCY: - Real-time calculation - Minimal repaint issues - Optimized for live trading - Suitable for automated systems COMPATIBILITY: ============== SUPPORTED MARKETS: - Forex pairs - Cryptocurrencies - Stocks - Commodities - Indices TIMEFRAMES: - All TradingView timeframes - Optimized for 1M to 4H - Higher timeframe analysis supported PLATFORM COMPATIBILITY: - TradingView Pine Script v6 - Real-time data feeds - Historical backtesting - Alert system integration UPDATES AND MAINTENANCE: ======================== VERSION HISTORY: - v1.0: Initial release with basic Range Filter - v1.1: Added WaveTrend integration - v1.2: Enhanced exhaustion analysis - v1.3: MESA integration and multi-timeframe support - v1.4: Comprehensive alert system - v1.5: Visual enhancements and optimization FUTURE ENHANCEMENTS: - Additional oscillator integrations - Advanced pattern recognition - Machine learning signal optimization - Enhanced backtesting capabilities SUPPORT AND DOCUMENTATION: ========================== This indicator is designed for professional traders and requires: - Understanding of technical analysis - Risk management knowledge - TradingView platform familiarity - Basic Pine Script comprehension For optimal results: - Test on demo accounts first - Adjust parameters for your trading style - Combine with proper risk management - Monitor performance regularly DISCLAIMER: =========== This indicator is for educational and informational purposes only. Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose. Trading involves substantial risk of loss and is not suitable for all investors. ================================================================ END OF DESCRIPTION ================================================================
Indicatore Pine Script®
di MUCAHIT_ATA_ATAOGLU
4
Opening Range Breakout (15 mins Range)Take the guesswork out of your trading with the Opening Range Breakout Pro script. This tool automatically marks the high and low of the first 15 minutes of the NYSE session, then highlights the first candle to break out above or below this range—removing ambiguity from your trade entries. The opening range is one of the most powerful concepts in day trading. By identifying the price range set during the market’s first minutes, you gain a clear framework for your trades. When price breaks out above the range, it often signals a strong bullish move; a break below signals bearish momentum. This script visually marks these moments, so you can react quickly and confidently. Why use Opening Range Breakout Pro? • Defined Entry and Exit Points: The script gives you clear, objective breakout levels—no more guessing when to enter a trade. • Removes Emotional Trading: With visual cues for breakouts, you can follow a systematic approach and avoid hesitation or FOMO. • Backtested, Time-Tested Strategy: The opening range breakout has been used by professional traders for decades to capture early trends and maximize profit potential. • High Reward Potential: By capitalizing on the volatility and momentum of the opening session, traders often catch the best moves of the day. • Easy to Use: Just add to your chart—no configuration needed. The script works on any NYSE stock, on a 5-minute chart. How it works: • Draws the opening 15-minute high and low as orange lines. • Labels the range prices for quick reference. • Marks the first candle to close above the range with an orange ▲, and the first to close below with an orange ▼. Take control of your trading day, remove uncertainty, and trade with confidence—just like the pros.
Indicatore Pine Script®
di AhmedSalahuddin
Relative Range at Time/ Relative volatility / High−Low This script is designed to help you compare the size of the current price candle (the difference between the highest and lowest prices in a given time period) to the average size of the last several candles. It does this by calculating the average range of a certain number of previous candles (you can set how many with the "Length" input) and then dividing the current candle's range by this average. The result is plotted on the chart as a bar: if the current candle's range is larger than the average, the bar is green; if it's smaller, the bar is red. A horizontal line is also drawn at the value of 1, so you can easily see whether the current candle's range is above or below the average. If there’s an issue with the data, the script will show an error message to let you know.
Indicatore Pine Script®
di Mohamed_Afawi
3
Auto Range [lovealgotrading] OVERVIEW: An indicator that automatically draws a range and generates signals according to changing market conditions. ( This indicator does not REPAINT ) ALGORITHM OF THE INDICATOR: > When we examine the price, it generally moves in trend only 30 percent of the time and in consolidation 70 percent of the time. > While the price is consolidating, it creates a range and continues to move within the range until this range is broken, BUT the market conditions are constantly changing and our range levels are expected to change with each new bar. I developed an indicator considering this situation. > When Range Trading, we determine the high and low levels and we can open trades according to the price's reactions at these levels. > However, after we draw a range, market conditions constantly change, and opening a transaction without taking into account the changing market conditions is an obstacle to our success. IMPLEMENTATION DETAILS WITH EXAMPLE: What kind of algorithm do I use to draw a range automatically? For example, let's set the Number of line value to 4 and set our Period to 14. 1- Let our highest 4 values be = 100, 110, 120, 130, the average of these values is 2- (100+110+120+130)/4 = 115, in this case our Range High Value becomes 115. 3- Within the period we have determined (we have currently set 14, but you can change it), the price sees the highest level of 140. 4- In this case, our 4 largest levels = 110 120 130 140 and our average becomes (110 + 120 + 130 + 140) / 4 = 125 and the range high Our level changes automatically and becomes 125. 5- Let's take the example below, where we determine our 4 highs within the 14 bars we set and average them, if our high changes, our range high goes up. >> I tried to draw the change with the red arrow How does this situation appear on the indicator? >>> Classic Range Trade and Auto Range Trade <<< Classical Range Trade: Auto Range Trade: SETTINGS PANEL: Which Signals Are More Important (Example Study) If you have any ideas what to add to my work to add more sources or make calculations cooler, suggest in DM .
Indicatore Pine Script®
di projeadam
20
[TTI] Closing Range Indicator📜 ––––HISTORY & CREDITS–––– This Pine Script Utility indicator, titled " Closing Range Indicator," is designed and developed by TintinTrading but inspired by the teaching of Investor's Business Daily (IBD) and William O'Neil. It aims to help traders identify the closing range of a given timeframe, either daily or weekly. 🦄 –––UNIQUENESS––– The unique feature of this indicator lies in its ability to simulate a functionality of Closing Range calculation based on hovering of the mouse over the close. It employs a conditional display that allows the user to set the indicator as 'invisible' without removing it from the chart and hence provides a numerical closing range value when hovering over the indicator. 🛠️ ––––WHAT IT DOES–––– The Closing Range Indicator calculates the closing range of a trading bar in terms of percentages. It computes the difference between the closing price and the low price of the bar, and then divides it by the range of the bar. A stock that closes on the high would display 100% A stock that closes on the low would display 0% Generally, the higher the percentage the more bullish the close but there are exceptions to this rule. The indicator can operate on two timeframes: Daily : Computes the closing range based on the daily high, low, and closing prices. Weekly : Computes the closing range based on the weekly high, low, and closing prices. If you enable the weekly it will show the weekly close on all daily timeframes. Meaning that if the week Closing range is 54.15% on Friday, it will show the value 54.15% for all days prior to Friday from the same week. The indicator places a label at the close of each bar, with the label's tooltip showing the calculated closing range percentage. I generally hide the label and just reference the tooltip calculation with a a hoover on top of the bar. 💡 ––––HOW TO USE IT–––– Installation: Add the indicator to your TradingView chart by searching for " Closing Range Indicator" in the indicator library. Reorder: Reorder the indicator so that it sits as the first indicator (even above the price) on the Pane. This will make sure that you always trigger the tooltip functionality. Go to Settings: Timeframe: Choose between daily ('D') and weekly ('W') timeframes from the settings. Visibility: Enable the 'Make Invisible' option if you want the indicator to be hidden. Interpretation: A higher percentage indicates that the closing price is closer to the high of the range, signaling bullish sentiment. A lower percentage indicates bearish sentiment. Tooltip: Hover over the label to view the closing range in percentage terms.
Indicatore Pine Script®
di TintinTrading
1
Average True Range Trailing Mean [Alifer]Upgrade of the Average True Range default indicator by TradingView. It adds and plots a trailing mean to show periods of increased volatility more clearly. ATR TRAILING MEAN A trailing mean, also known as a moving average, is a statistical calculation used to smooth out data over time and identify trends or patterns in a time series. In our indicator, it clearly shows when the ATR value spikes outside of it's average range, making it easier to identify periods of increased volatility. Here's how the ATR Trailing Mean (atr_mean) is calculated: atr_mean = ta.cum(atr) / (bar_index + 1) * atr_mult The ta.cum() function calculates the cumulative sum of the ATR over all bars up to the current bar. (bar_index + 1) represents the number of bars processed up to the current bar, including the current one. By dividing the cumulative ATR ta.cum(atr) by (bar_index + 1) and then multiplying it by atr_mult (Multiplier), we obtain the ATR Trailing Mean value. If atr_mult is set to 1.0, the ATR Trailing Mean will be equal to the simple average of the ATR values, and it will follow the ATR's general trend. However, if atr_mult is increased, the ATR Trailing Mean will react more strongly to the ATR's recent changes, making it more sensitive to short-term fluctuations. On the other hand, reducing atr_mult will make the ATR Trailing Mean less responsive to recent changes in ATR, making it smoother and less prone to reacting to short-term volatility. In summary, adjusting the atr_mult input allows traders to fine-tune the ATR Trailing Mean's responsiveness based on their preferred level of sensitivity to recent changes in market volatility. IMPLEMENTATION IN A STRATEGY You can easily implement this indicator in an existing strategy, to only enter positions when the ATR is above the ATR Trailing Mean (with Multiplier-adjusted sensitivity). To do so, add the following lines of codes. Under Inputs: length = input.int(title="Length", defval=20, minval=1) atr_mult = input.float(defval=1.0, step = 0.1, title = "Multiplier", tooltip = "Adjust the sensitivity of the ATR Trailing Mean line.") smoothing = input.string(title="Smoothing", defval="RMA", options= ) ma_function(source, length) => switch smoothing "RMA" => ta.rma(source, length) "SMA" => ta.sma(source, length) "EMA" => ta.ema(source, length) => ta.wma(source, length) This will allow you to define the Length of the ATR (lookback length over which the ATR is calculated), the Multiplier to adjust the Trailing Mean's sensitivity and the type of Smoothing to be used for the ATR. Under Calculations: atr= ma_function(ta.tr(true), length) atr_mean = ta.cum(atr) / (bar_index+1) * atr_mult This will calculate the ATR based on Length and Smoothing, and the resulting ATR Trailing Mean. Under Entry Conditions, add the following to your existing conditions: and atr > atr_mean This will make it so that entries are only triggered when the ATR is above the ATR Trailing Mean (adjusted by the Multiplier value you defined earlier). ATR - DEFINITION AND HISTORY The Average True Range (ATR) is a technical indicator used to measure market volatility, regardless of the direction of the price. It was developed by J. Welles Wilder and introduced in his book "New Concepts in Technical Trading Systems" in 1978. ATR provides valuable insights into the degree of price movement or volatility experienced by a financial asset, such as a stock, currency pair, commodity, or cryptocurrency, over a specific period. ATR - CALCULATION AND USAGE The ATR calculation involves three components: 1 — True Range (TR): The True Range is a measure of the asset's price movement for a given period. It takes into account the following factors: The difference between the high and low prices of the current period. The absolute value of the difference between the high price of the current period and the closing price of the previous period. The absolute value of the difference between the low price of the current period and the closing price of the previous period. Mathematically, the True Range (TR) for the current period is calculated as follows: TR = max(high - low, abs(high - previous_close), abs(low - previous_close)) 2 — ATR Calculation: The ATR is calculated as a Moving Average (MA) of the True Range over a specified period. The ATR is calculated as follows: ATR = MA(TR, length) 3 — ATR Interpretation: The ATR value represents the average volatility of the asset over the chosen period. Higher ATR values indicate higher volatility, while lower ATR values suggest lower volatility. Traders and investors can use ATR in various ways: Setting Stop Loss and Take Profit Levels: ATR can help determine appropriate stop-loss and take-profit levels in trading strategies. A larger ATR value might require wider stop-loss levels to allow for the asset's natural price fluctuations, while a smaller ATR value might allow for tighter stop-loss levels. Identifying Market Volatility: A sharp increase in ATR might indicate heightened market uncertainty or the potential for significant price movements. Conversely, a decreasing ATR might suggest a period of low volatility and possible consolidation. Comparing Volatility Between Assets: Since ATR uses absolute values, it shouldn't be used to compare volatility between different assets, as assets with higher prices will consistently have higher ATR values, while assets with lower prices will consistently have lower ATR values. However, the addition of a trailing mean makes such a comparison possible. An asset whose ATR is consistently close to its ATR Trailing Mean will have a lower volatility than an asset whose ATR continuously moves far above and below its ATR Trailing Mean. This can help traders and investors decide which markets to trade based on their risk tolerance and trading strategies. Determining Position Size: ATR can be used to adjust position sizes, taking into account the asset's volatility. Smaller position sizes might be appropriate for more volatile assets to manage risk effectively.
Indicatore Pine Script®
di AliferCrypto
1
GKD-C Jurik-Smoothed Range Oscillator w/ Bands [Loxx]Giga Kaleidoscope GKD-C Jurik-Smoothed Range Oscillator w/ Bands is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System". █ Giga Kaleidoscope Modularized Trading System What is Loxx's "Giga Kaleidoscope Modularized Trading System"? The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading. What is the NNFX algorithmic trading strategy? The NNFX (No-Nonsense Forex) trading system is a comprehensive approach to Forex trading that is designed to simplify the process and remove the confusion and complexity that often surrounds trading. The system was developed by a Forex trader who goes by the pseudonym "VP" and has gained a significant following in the Forex community. The NNFX trading system is based on a set of rules and guidelines that help traders make objective and informed decisions. These rules cover all aspects of trading, including market analysis, trade entry, stop loss placement, and trade management. Here are the main components of the NNFX trading system: 1. Trading Philosophy: The NNFX trading system is based on the idea that successful trading requires a comprehensive understanding of the market, objective analysis, and strict risk management. The system aims to remove subjective elements from trading and focuses on objective rules and guidelines. 2. Technical Analysis: The NNFX trading system relies heavily on technical analysis and uses a range of indicators to identify high-probability trading opportunities. The system uses a combination of trend-following and mean-reverting strategies to identify trades. 3. Market Structure: The NNFX trading system emphasizes the importance of understanding the market structure, including price action, support and resistance levels, and market cycles. The system uses a range of tools to identify the market structure, including trend lines, channels, and moving averages. 4. Trade Entry: The NNFX trading system has strict rules for trade entry. The system uses a combination of technical indicators to identify high-probability trades, and traders must meet specific criteria to enter a trade. 5. Stop Loss Placement: The NNFX trading system places a significant emphasis on risk management and requires traders to place a stop loss order on every trade. The system uses a combination of technical analysis and market structure to determine the appropriate stop loss level. 6. Trade Management: The NNFX trading system has specific rules for managing open trades. The system aims to minimize risk and maximize profit by using a combination of trailing stops, take profit levels, and position sizing. Overall, the NNFX trading system is designed to be a straightforward and easy-to-follow approach to Forex trading that can be applied by traders of all skill levels. Core components of an NNFX algorithmic trading strategy The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm: 1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc. 2. Baseline - a moving average to identify price trend 3. Confirmation 1 - a technical indicator used to identify trends 4. Confirmation 2 - a technical indicator used to identify trends 5. Continuation - a technical indicator used to identify trends 6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown 7. Exit - a technical indicator used to determine when a trend is exhausted What is Volatility in the NNFX trading system? In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period. True range is calculated as the maximum of the following values: -Current high minus the current low -Absolute value of the current high minus the previous close -Absolute value of the current low minus the previous close ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses. Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass What is a Baseline indicator? The baseline is essentially a moving average, and is used to determine the overall direction of the market. The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR). Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail. By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend. What is a Confirmation indicator? Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI). The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend. Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the Stochastic Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators. In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades. What is a Continuation indicator? In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy. What is a Volatility/Volume indicator? Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa. By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements. What is an Exit indicator? The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy. The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit. The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses. In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor. Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time. How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above? Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are: 1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm) 2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm) 3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm) 4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm) 5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm) (additional module types will added in future releases) Each module interacts with every module by passing data between modules. Data is passed between each module as described below: GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-C(Continuation) => GKD-E => GKD-BT That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy. This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm. What does the application of the GKD trading system look like? Example trading system: Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles Baseline: Hull Moving Average Volatility/Volume: Hurst Exponent Confirmation 1: Jurik-Smoothed Range Oscillator w/ Bands as shown on the chart above Confirmation 2: Williams Percent Range Continuation: Fisher Transform Exit: Rex Oscillator Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain. Giga Kaleidoscope Modularized Trading System Signals (based on the NNFX algorithm) Standard Entry 1. GKD-C Confirmation 1 Signal 2. GKD-B Baseline agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees Baseline Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees 6. GKD-C Confirmation 1 signal was less than 7 candles prior Continuation Entry 1. Standard Entry, Baseline Entry, or Pullback; entry triggered previously 2. GKD-B Baseline hasn't crossed since entry signal trigger 3. GKD-C Confirmation Continuation Indicator signals 4. GKD-C Confirmation 1 agrees 5. GKD-B Baseline agrees 6. GKD-C Confirmation 2 agrees 1-Candle Rule Standard Entry 1. GKD-C Confirmation 1 signal 2. GKD-B Baseline agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean Next Candle: 1. Price retraced (Long: close < close or Short: close > close ) 2. GKD-B Baseline agrees 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume agrees 1-Candle Rule Baseline Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 4. GKD-C Confirmation 1 signal was less than 7 candles prior Next Candle: 1. Price retraced (Long: close < close or Short: close > close ) 2. GKD-B Baseline agrees 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume Agrees PullBack Entry 1. GKD-B Baseline signal 2. GKD-C Confirmation 1 agrees 3. Price is beyond 1.0x Volatility of Baseline Next Candle: 1. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean 3. GKD-C Confirmation 1 agrees 4. GKD-C Confirmation 2 agrees 5. GKD-V Volatility/Volume Agrees █ GKD-C Jurik-Smoothed Range Oscillator w/ Bands What is Jurik Filter? The Jurik Filter is a technical analysis tool that is used to filter out market noise and identify trends in financial markets. It was developed by Mark Jurik in the 1990s and is based on a non-linear smoothing algorithm that provides a more accurate representation of price movements. Traditional moving averages, such as the Simple Moving Average ( SMA ) or Exponential Moving Average ( EMA ), are linear filters that produce a lag between price and the moving average line. This can cause false signals during periods of market volatility , which can result in losses for traders and investors. The Jurik Filter is designed to address this issue by incorporating a damping factor into the smoothing algorithm. This damping factor adjusts the filter's responsiveness to the changes in price, allowing it to filter out market noise without overshooting price peaks and valleys. The Jurik Filter is calculated using a mathematical formula that takes into account the current and past prices of an asset, as well as the volatility of the market. This formula incorporates the damping factor and produces a smoother price curve than traditional moving average filters. One of the advantages of the Jurik Filter is its ability to adjust to changing market conditions. The damping factor can be adjusted to suit different securities and time frames, making it a versatile tool for traders and investors. Traders and investors often use the Jurik Filter in conjunction with other technical analysis tools, such as the MACD or RSI , to confirm or complement their trading strategies. By filtering out market noise and identifying trends in the financial markets, the Jurik Filter can help improve the accuracy of trading signals and reduce the risks of false signals during periods of market volatility . Overall, the Jurik Filter is a powerful technical analysis tool that can help traders and investors make more informed decisions about buying and selling securities. By providing a smoother price curve and reducing false signals, it can help improve trading performance and reduce risk in volatile markets. What is Jurik-Smoothed Range Oscillator w/ Bands Range Oscillator indicator shows the relative position of median price in the highest high to lowest low range for desired period. This version includes smoothing to clean up false signals and, since the smoothing method is JMA (which has very small lag), the added lag is as small as it can be making it much easier to use for all timeframes. Requirements Inputs Confirmation 1 and Solo Confirmation: GKD-V Volatility / Volume indicator Confirmation 2: GKD-C Confirmation indicator Outputs Confirmation 2 and Solo Confirmation Complex: GKD-E Exit indicator Confirmation 1: GKD-C Confirmation indicator Continuation: GKD-E Exit indicator Solo Confirmation Simple: GKD-BT Backtest strategy Additional features will be added in future releases.
Indicatore Pine Script®
di loxx
Cuban's Range PositioningCuban's Range Positioning is the primary backbone of Cuban's Asset Screener and a fantastic standalone market screening tool. Range Positioning allows the trader to monitor the positioning of over 200+ Binance and Bybit Futures assets within a single window, with a standard measurement of performance, and also with custom watchlist support. The range calculation itself uses the unique logic of Cuban's Donchian Suite, retaining highs and lows until the opposite side of the range is tagged. When viewed historically, the Range Positioning screener allows traders to monitor any assets that are continually pushing range highs and lows, identify outliers, and track trending sectors relative to the rest of the market. This script makes this identification easier for the user by making assets that aren't approaching highs or lows, transparent. Included within this indicator is the option to redenominate the quote asset of all assets on screen using the current chart ticker. Within the user inputs, the user gains the ability to customize the following: Range lookback Asset redenomination Location of the asset table Percentage of assets highlighted or made transparent Dynamic labelling offset Over 200+ Binance and Bybit Futures assets TO DO: Customize number of assets on screen Allow values beyond the initial range
Indicatore Pine Script®
di cubantobacco
Relative Bi-Directional Volatility RangeThe basic math behind this Indicator is very similar to the math behind the Relative Strength Index without using a standard deviation as used for the Relative Volatility Index. The Volatility Range is calculated by utilizing the highs and lows. However not in the same way as in the Relative Volatility Index. This approach leads to different values, but the overall result clearly reveals the intrinsic Volatility of the chart, so the user can be aware, when something fundamentally is going on behind the scenes. If the Volatility rises on positive and negative range (-100 to 100) it implies that something fundamental is changing. An advantage of using this kind of calculation is the possibility of separating the data into positive (buy pressure) and negative (sell pressure) components. The bi-directional character shows a slightly overhang in one of the directions, which can be used to detect a trend. A Moving Average of the users choice shell smoothen the overhang of the Relative Bi-Directional Volatility and show a trend direction. Similar to the math of the Relative Strength Index as standard a Relative Moving Average is preferred. If the Moving Average is in the positive range (0 to 100) it indicates a bullish trend, else if the Moving Average is in the negative range (0 to -100) it indicates a bearish trend. External Indicators can use a provided Trend Shift Signal which switches from 0 to 1, if the trend becomes bullish or from 0 to -1, if the trend becomes bearish. The user should know, that in this Indicator the starting point of the Moving Averages always begins at the first bar, because the starting progress is approximated appropriately. Most Moving Averages require a minimum number of bars to be calculated, which is chosen with the Moving Average Length. In this cases the length used will be automatically reduced in the background until the number of bars is sufficient to match the chosen length. So if data history is very short, the Indicator can be used never the less as good as possible. It is feasible to switch the Indicator on a higher timeframe, while staying in a lower timeframe on the chart. This can be useful for making the indication cleaner, if the Moving Average is to choppy and shows too many false signals. On the other hand the benefit of a higher timeframe (or a higher Moving Average Length) is paid with higher latency of the signaling. So the user has to decide what the best setting in his case is. This Indicator can be used with all kinds of charts. Even charts with percentage or negative values should work fine.
Indicatore Pine Script®
di metka183