This indicator I thought after a while of research and decided to code for people that wants to scalp on low time frames. It's recommended to use it in 1 to 5 min timeframes. It uses ATR, Past high and lows and stochastic overbought and oversold zones along with some consolidation code to avoid fast swings. I also added Take Profit and Stop Loss signals based on...
Directional Movement Index Strategy Entry conditions: - (a) when DI+ > DI- on timeframe #1, and - (b) Confirmation: when DI+ > DI- on timeframe #2 In the shown example, timeframe1 was same as the chart (1H) and timeframe2 was 1D. Stop Loss: ATR based trailing stop About DMI Can refer to Investopedia for general understanding. Applications of DMI in...
DESCRIPTION SSL Indicator with ATR, Volume, ADX, TakeProfit, Profit Cycle Indicator and Extended Trend Control. The component is based on moving averages, its effectiveness is greater in long periods: 4H, 1D, 1S HOW DOES IT WORK The component works with a fluctuation band in which the price moves, it consists of an upper moving average of 10 periods and a lower...
The original Average True Range (ATR) indicator is a technical analysis indicator designed to measure volatility. The higher the ATR the higher the volatility. The RECON ATR Volatility Percentage indicator calculates the Average True Range (ATR) as a percentage. Suggested chart timeframes: 1h, 4h and 1D seem to produce the most useful intel but can be used on...
As the title already describes: this is a Donchian breakout strategy. This strategy, as of now, only goes long. It goes long when the price close makes a new high and the 8 day moving average is above the 32 day moving average. The strategy exits the trade if the price breaks the atr trailing stop of * 3 or the 8 day moving average crosses below the 32 day moving...
WMA ATR Check indicator: With my knowledge of MOVING AVERAGE, I created a new average of ATR by dividing the average by the number of days or the number of candles I have. It can indicate the possibility of support and resistance in the market or even a market reversal point. It is very useful for people looking for support or resistance or selling points to...
This is an update by request, on someone elses strategy! well more of an edit, but also update from pine v4 to pine v5. //CREDITS to HPotter for the orginal code. The guy trying to sell this as his own is a scammer lol. //Edited and converted to @version=5 by SeaSide420 for Paperina The UT Bot v5 is Movinging average (the MA) vs ATR (the ATR is in the form...
This is a combination of all my old indicators, with an added feature for trend lines (inspiration for this came from Wedge Maker script thanks to veryfid, I hope he doesn't mind). This script looks for a period with increased volatility , as measured by ATR ( Average True Range ), then it looks for a high or a low in that area. When price is above EMA (400 is...
Similar to SuperTrend+ which allows for confirmation bars. Differences: Limited to SMA calculation of average true range. Can filter outlier volatility. Can apply a standard deviation to the ATR value.
Simple strategy based on crossing DI+ and DI- and Average True Range. Long entry when DI+ crossover DI- Short entry when DI+ crossunder DI- Stop Loss and Take Profits based on Average True Range. Default values are 1*ATR(14) for stop loss and 2*ATR(14) for Take Profit. Risk reward 1 to 2 ratio. Recommended default values, but you can change it if you...
This backtest compares profitability differences between a regular Hull Moving Average ( HMA ) and a Zero-Lag HMA . Things to know: - Profit is set to 1 ATR - Stop-loss is set to 1.5 ATR. - This is by design to test the minimum the profit scenario (1 ATR up) and the worst case loss scenario (1.5 ATR down) for momentum trading. Actual results vary when additional...
Description : This strategy will enter a position when the following conditions are met: a) Main signal: When source data (ATR) diverts from its moving average value, and b) Confirmation: If predicted direction of trend is favorable. Assumptions : During periods of high price volatility, ATR diverts from its moving average value. Eventually, ATR should...
Simple EMA strategy, based on ema55+ema21 and ATR(Average True Range) and it enters a deal from ema55 when the other entry conditions are met Basically long and short conditions If long: 1) close must be less than open (because we are searching for a pullback) 2) emaFast(21) must be bigger than emaSlow(55) - for a trend detection 3) Difference between emaFast...
COINBASE:BTCUSD Hello everyone and welcome to our second script release! This script is one of many upcoming scripts. This one is a test for us, how it works, how you guys like this kind of stuff, and for feedback what we should change/improve at. So feel free to comment any suggestions you have. SCRIPT IS OPTIMIZED FOR: BTC/USD (Coinbase) 15 minute timeframe...
This indicator adjusts the RSI values using the Average True Range. It is used the same way as a normal RSI.
Close to Close Volatility VS high to low, to evaluate volatility regimes. Both are Volatilities of 40 periods (Modifiable), calculated on 252 days (Average trading days in the American market) (Also modifiable in the case of cryptocurrency analysis). The Moving Average is a 20 periods (Modifiable) Simple Moving Average of the average of both volatilities. Blue =...
This script can be used to see a potential trend change, ride a trend and to scalp following the current trend. Indicators: - ATR (bright green/maroon) – is a longer term trend ATR line - MA (green/red) - is a shorter term MA, where the fast MA is dotted and the long MA is a line - Support and Resistance (white bold line) – long-term support and resistance...
NASDAQ:AAPL This indicator shows the most usefull informations about the current symbol and the two common indexes (SPY and QQQ) in a table, in the upper right corner of the graph. The informations are: Symbol Float Daily average volume Average True Range Pre-market volume Pre-market change % Indexes SPY ATRP SPY trend (this value indicates...