This indicator defines a short-term and a long-term trend level as well as a short-term range. These price levels can be used for risk managing your position, increasing or decreasing size depending on position in the range and distance from the long-term trend level, as well as stopping out or reversing position when the long-term trend level is crossed.
Levels...
Aᴜᴛᴏ PɪᴛᴄʜFᴀɴ, Fɪʙ Exᴛᴇɴꜱɪᴏɴ/Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛ ᴀɴᴅ ZɪɢZᴀɢ
This study aim to automate PitchFan drawing tool and combines it with Fibonacci Extentions/Retracements and ZigZag.
Common setting options, applied to all components of the study
Deviation , is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to...
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...
The Fibonacci Channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally.
This study will automatically place the channels where the levels indicate future areas of...
This script use :
- A custom Chande Kroll Stop for generate the channel
- Some custom Parabolic S.A.R for generate cycles
This script can be separated into 3 categories:
- Channel Kroll generator : one layer for the actual interval and a layer for a Large Timeframe .(with ratio)
- "Range" generator : one layer for actual Interval and a layer for...
An improved version for minimum and maximum in a day trading session. You can choose the session resolution, it ranges from 1 minute to 1 week.
It works well for stocks and non-extended sessions due to security() function limitations.
Any suggestions, please leave a comment.
Happy trading.
EXPERIMENTAL: 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
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