The script pulls Lower Timeframe (30min) data to draw High/Low of Out-of-hours/AfterHours session (post-market session & next day pre-market session) on the Daily regular session chart. It then identifies significant AfterHours price changes and what happens to these price Spikes by the Open of the next day regular session. You can change: wether to...
Average True range percent show the the latest true range value as percentage of previous close. Standard ATR shows the average of absolute value of True range. This is problem when price level changes over time. Because Stocks trading at higher price level e.g $1,000 will have high ATR value as compared to stocks trading $ 50. This may look like volatility has...
Bermaui Variety Averages Bands is a reverse Bollinger Bands indicator with Loxx's Variety Moving Averages and Loxx's Expanded Source Types. What are Bermaui Bands? Bermaui Bands (BB) is a technical analysis tool that help filter between ranging and trending price movements. A buy signal is made when price crosses above the upper band, a sell signal is made...
The Value at Risk Channel (VaR Channel) is a trading indicator designed to help traders control the level of risk exposure in their positions. The user can select a time period and a probability value, and the indicator will plot the upper and lower limits that the price can reach during the selected time period with the given probability. CONCEPTS The...
Hey Guys, The idea of the script is that accumalation and small pumps do happen before the big ones, therefore, i tried to create a breakout indicator that can tell that: the script components are: 1- Price to consolidate within 15% range between the highest of 6 candles and lowest of 6 candles 2- Price needs to breakout with minimum of 1% and maximum of 20% 3-...
This is a modification to "ZigZag with Fibonacci Levels" by LonesomeTheBlue. By default, the script finds the ZigZag, draws Fibonacci lines and labels accordinly. ZigZag period can be set. The modification to the original script provides the following features: 1) Option for user to customize retracement levels, if they don't want to use Fibonacci...
I hope you all enjoy this one as it does a great job at finding runners I did try to search for an example script to reference for quite a while when i first dreamt up this idea bc needed assistance implementing it. This script in particular was one that I began long ago but got put on the back-burner because I couldn't figure out how to implement the flow of...
This is an updated version of ErwinBeckers SSL Channel its been updated to version 4 of pine script and also made it as a subchart to keep the price chart clutter free.
This indicator is using the modified "correcting" method. Instead of using standard deviation for calculation, it is using EMA deviation and is applied to Ehlers' Super Smoother. What is EMA-Deviation? By definition, the Standard Deviation (SD, also represented by the Greek letter sigma σ or the Latin letter s) is a measure that is used to quantify the amount...
A simple script to draw a realized volatility forecast, in the form of a box. The script calculates realized volatility using the EWMA method, using a number of periods of your choosing. Using the "periods per year", you can adjust the script to work on any time frame. For example, if you are using an hourly chart with bitcoin, there are 24 periods * 365 = 8760...
The RedK Chop & Breakout Scout (C&BS or just CBS) is a centered oscillator that helps traders identify when the price is in a chop zone, where it's recommended to avoid trading or exit existing trades - and helps identify (good & tradeable) price breakouts. i receive many questions asking for simple ways to identify chops .. Here's one way we can do that. (This...
Refracted EMA is a price based indicator with bands that is built on moving average. The price range between the bands directly depends on relationship of Average True Range to Moving Average. This gives us very valuable variable constant that changes with the market moves. So the bands expand and contract due to changes in volatility of the market, which makes...
Average True Range (ATR) is widely used indicator in many occasions for technical analysis. It is calculated as the RMA of true range. This version adds a "twist": it uses Perry Kaufman's Efficiency Ratio to calculate adaptive true range You can use this indicator the same way you'd use the standard ATR.
This is a complex indicator that looks to provide some insight into the correlation between volume and price volatility. Rising volatility is depicted with the color green while falling volatility is depicted with purple. Lightness of the color is used to depict the length of the window used, darker == shorter in the 2 -> 512 window range.
One-Sided Gaussian Filter w/ Channels is a Gaussian Moving Average that is calculated using a Fibonacci weighting function. Keltner channels have been added to show zones of exhaustion. A better name would be "Half Gaussian bell weighted" or "Half normal distribution weighted" indicator, since the weights for calculation of the average (similar to linear...
This is an experimental signal providing script for scalper that uses 2 of open source indicators. First one provides the signals for us called Andean Oscillator by @alexgrover . We use it to create long signals when bull line crosses over signal line while being above the bear line. And reverse is true for shorts where bear line crosses over signal line...
This is a very simple script which can be used as measure to define your trading zones based on volatility. Concept This script tries to identify the area of low and high volatility based on comparison between Bandwidth of higher length and ATR of lower length. Relative Bandwidth = Bandwidth / ATR Bandwidth can be based on either Bollinger Band, Keltner...
Volatility Quality Index w/ Pips Filtering is a Volatility Quality Index indicator with various smoothing types and pips filtering What is the Volatility Quality Index (VQI)? The idea behind the volatility quality index is to point out the difference between bad and good volatility in order to identify better trade opportunities in the market. This forex...