Average high/low trading range for the current timeframe. Daily high/low trading range.
This ATR script is supposed to filter paranormal candles (too small or big) and calculate ATR and percent of average ATR using only average daily candles.
Rosebud Trend Indicator uses complex range calculations to easily detect trend changes, critical support and resistance levels, and even aid in spotting reversals. The Critical Support & Resistance Zones are plotted via the red and green cloud. This cloud not only visually displays the expected trend direction but often acts as major support and resistance zones....
The Baus Bands are a simplified version of another one of my trend following indicators, the Neapolitan Bands. This version only shows the trend trading zones in green and red. An additional 21 EMA with an ATR band was added as part of my own trend trading rules using these bands. How do I read this indicator? Is the blue band between and not touching the...
Roc & Atr Orders My indicator, where I compare the 20 bar change percentage with the 14 bar atr band, I hope it will be useful to everyone. the green zones can be interpreted as BUY and the red zone as SELL zone. In graphs with high motion and low atr, the channel narrowing can be interpreted as BUY and the channel opening as SELL. No indicator shows you the...
Average True Range What Is the Average True Range (ATR)? The average true range (ATR) is a technical analysis indicator, that measures market volatility by decomposing the entire range of an asset price for that period. The true range indicator is taken as the greatest of the following: current high less the current low; the absolute value of the current high...
Basic MFI, but with highlight overbought and oversold.
The basis of this script is my "Hybrid Overbought/Oversold Detector" which uses many different oscillators to confirm overbought/oversold conditions. The main idea is to generate higher and lower bands around the desired moving average using an average of the volatility (ATR) and the standard deviation (StDev), of course by interfering detected overbought/oversold...
This indicator allows you to improve your stop loss placement. It displays two lines based on the ATR ( Average True Range ), an upper line based on the current price + ATR and a lower line based on the current price - ATR. The ATR is multiplied by 2 but you can change this in the indicator settings.
Displays Candle Body size, Average True Range (ATR) and Price Range (PR)
It is simply your traditional MFI , except that your 50 line became the actual price. Why and how could it be useful? This indicator helps to spot more easily and efficiently divergences . You could also use it for trend reversals as you usually do with your 50 line, but I would suggest to set a higher length for the MFI, like 155 or something like that.
View ATR Stop in a different timeframe, the default timeframe is 1D, the default ATR multiplier is 60%. upperStop = current high + dayATR * 60%; lowerStop = current low - dayATR * 60%;
My Own Kagi Indicator Implementation! I couldn't find anywhere on the internet a simple implementation of the Kagi indicator (apart from a seemingly complicated JavaScript implementation). So I decided to implement it myself and test it against the built-in Kagi indicator calculated by the built-in security function - They ended up exactly the same! (You can see...
Simple ATR with a moving average signal line. Play with the inputs, I suggest making the MA longer than the ATR length for a more reactive outcome. This is a great tool for trend trading! There are two main uses for this indicator: 1. Filtering out losing trades - Take trades when the ATR is above the signal line. 2. Identifying trends and slow downs to...
This script is an enhancement of ATR Indicator. It is used to determine the stop loss position by using the ATR indicator, in conjunction with the low of the candle. Formula = Stop Loss = Lowest(Lowest Length) - (ATR Multiplier * ATR (Smoothing, Length)) However, the user needs to manually identify the swing low for a better stop loss placement. Parameter...
Average True Range in Percent to price - 2 customizable horizontal line: to be used as custom levels.