Market First Signals - Relative Strength/WeaknessThis market-first trading strategy gives BUY, SHORT, and CLOSE signals based on volume, trend, and relative strength or weakness to the market (SPY by default, can be customized). This indicator is useful for signaling day-trade entries and exits for tickers that are strong (or weak) against the market.
Stocks that are showing relative strength (or weakness) to the market, are trending, and have decent movement generate a buy (or short) signal. When the trend runs out, a CLOSE signal is fired.
Potential profit (based on ATR) and actual profit is calculated, predicting the type of move expected
Unique 'stay in trade' logic helps prevent unnecessary CLOSE signals if a trend is likely to continue
A colored plot indicates the strength of the current trend and turns orange/red when the strength is weakened.
Crypto traders can uncheck 'Trade during market hours' for 24-hour trading, and should change the comparison ticker from SPY to BTCUSD or something similar for their market.
Enjoy!
KEY CONCEPTS
The three- and five-minute timeframes are used to establish and verify trend (ADX/DI with custom logic)
Entries and exits are based on Parabolic SAR and confirmed on multiple timeframes, trend, and relative volume
Relative strength /weakness to the market compares ticker to SPY
Chop is avoided at all costs. I've experimented with choppiness indicator below 38, but found that the ADX DI+/- readings work even better.
Trend is established using ADX DI+/- readings over 20, confirmed by EMA 5/13 crossover and EMA5 slope
Signals will fire only if the average volume for the current 5-min bar is above normal
Only tickers with a five-bar / 13 period ATR of 1% the ticker's price generate signal.
Only longs above daily-anchored VWAP, shorts below daily-anchored VWAP
Signals fire on bar close to prevent repainting / look-ahead bias
Indicator labels and alerts generated
SIGNALS
BUY: up-trending tickers showing relative strength are bought on the three-minute PSAR
SELL: when the close price falls below the 1, 3, and 5-minute PSAR, or the ADX DI- falls below 20
SHORT: down-trending tickers with relative weakness are shorted on the three-minute PSAR
COVER: when the close price moves above the 1, 3, and 5-minute PSAR, or the ADX DI- falls below 20
ALERTS
Alerts are generated on BUY, SELL, SHORT, and COVER signals, as well as optional LOST RELATIVE STRENGTH and LOST RELATIVE WEAKNESS
INPUTS
Use relative strength/weakness comparison with the market : trigger trades based on the ticker's strength or weakness to the selected comparison ticker (usually SPY for equities or BTCUSD for crypto)
Comparison Ticker for relative strength/weakness : Ticker to compare against for relative strength/weakness
Trade during market hours only : Take buy/sells during specified hours. Disable this for crypto trading.
Market hours (market time) : Customize market hours - defaults to 9:30 to 16:00 EST
"Only trade very strong trends" : take trades only if an established trend is very strong (ADX over 40) (DEFAULT = OFF)
"Limit trade direction to VWAP" : Long trades only above VWAP, shorts below (DEFAULT = ON)
"Limit trade direction to Market direction" : Long trades only if SPY (or selected comparison ticker) is up, shorts if the market is down. (DEFAULT= OFF)
"Limit trades based on a ticker's green/red status for the day" : Long trades if the ticker is green for the day, shorts if red. (DEFAULT = OFF)
ATR
ADR% / ATR / Market CapDisplays the following values in a table in the upper right corner of the chart:
ADR%: Average daily range (in percent).
ATR: Average true range (hidden by default).
Market Cap: Total value of all a company's shares of stock.
All values are calculated based on daily bars, no matter what time frame you are currently viewing. Doesn't work for time frames >1D, which is why the table is not shown on weekly/monthly charts.
Credit to MikeC / TheScrutiniser and GlinckEastwoot for ADR% formula, and ArmerSchlucker for the original script which includes LoD Dist . instead of Market Cap.
ATR alerts & backtestingThe Basics
Alert will trigger if the current (real time) price surpasses the high of the ATR of the previous bar. (can also be set for the Low of the ATR). Each time the follow up candle surpasses the high of the previous ATR, the background will be coloured orange. This makes back testing easier on the eye. This can be turned off.
- Colours can be changed.
- Can also set a color and alert when the current price surpasses the Low of the ATR of the previous bar.
- ATR distance can be changed.
- Can be used on different chart types.
- Can be used as entry or exits in combination with bots.
- Can display only ATR top or bottom or both.
Example
An alert will trigger if the price of the current bar surpasses the red dot (ATR) of the previous bar.
Alerts can be created on all timeframes, if this is within your Tradingview plan.
Final Words
Disclaimer: Please use it with care and at own risk. The owner of this indicator is not liable for any financial losses.
Past performance is no guarantee of future returns.
ATR-Adaptive, Smoothed Laguerre RSI [Loxx]ATR-Adaptive, Smoothed Laguerre RSI is an adaptive Laguerre RSI indicator with smoothing to reduce noise
What is Laguerre RSI?
The Laguerre RSI indicator created by John F. Ehlers is described in his book "Cybernetic Analysis for Stocks and Futures".
This version:
Instead of using fixed periods for Laguerre RSI calculation, this indicator uses an ATR (average True Range) adapting method to adjust the calculation period. This makes the RSI more responsive in some periods (periods of high volatility), and smoother in order periods (periods of low volatility). Also this indicator adds an option to have smoothed source input including Loxx's Expanded Source Types.
Included
-Loxx's Expanded Source Types
-Bar coloring
[DT] ATR Trigger Bar OverlayATR Trigger candle is an idea that I originally heard about studying alexander elder's work at spike trade. This code is my interpretation of his work.
The idea behind an ATR trigger bar is to find areas where price is likely trapping market participants. In some cases a trigger will not form in one bar so a two bar analysis is also included in study.
Bull trap condition:
- price moves above previous bar high and in the same candle will close below previous bar close
Bear trap condition:
- price moves below previous bar low and in the same candle will close above previous bar close
TODO:
- categorize trigger bar as 1 bar or 2 bar price action
- allow user to filter 1 bar or 2 bar price action
- multiple timeframes
- volume filter
- horizontal line for average price on a trigger bar
ATR LevelsATR Levels
The indicator plots levels based on the ATR indicator
Initial data required for the indicator:
- Open price
- ATR
Levels are calculated as follows:
1. Open price +100% ATR
2. Open price +50% ATR
3. Open price
4. Open price -50% ATR
5. Open price -100% ATR
For visual convenience:
The area between levels 1-2 and 4-5 is filled with red
Zone between levels 2-4 - filled with green
Уровни среднего истинного диапазона
Индикатор строит уровни, основанные на индикаторе ATR (Средний истинный диапазон)
Исходные данные, необходимы для индикатора:
- Цена открытия
- ATR (Средний истинный диапазон)
Уровни рассчитываются следующим образом:
1. Цена открытия +100% ATR
2. Цена открытия +50% ATR
3. Цена открытия
4. Цена открытия -50% ATR
5. Цена открытия -100% ATR
Для удобства визуального восприятия:
Зона между уровнями 1-2 и 4-5 заполнена красным цветом
Зона между уровнями 2-4 - заполнена зеленым цветом
5-8-13 EMAs Strategy (Andrew's Trading Channel)============
ENGLISH
============
- Description:
This strategy was designed by "Andrew's Trading Channel" (credits to him for the base strategy).
A lot of improvements have been added to the strategy, more conditions, trailing stop, custom stop loss and take profit, everything explained below.
- CONDITIONS FOR ENTERING A LONG:
EMA 5 crossovers EMA 8.
- EXIT LONG:
EMA 8 crossovers EMA 8 and closing price goes below EMA 13.
- CONDITIONS FOR ENTERING SHORT:
EMA 8 crossovers EMA 5.
- EXIT SHORT:
EMA 5 crossovers EMA 8 and closing price goes above EMA 13.
- Visual:
All EMAs are visible (5, 8 and 13 periods) with different and customizable colors/width.
Position start price, take profit, stop loss and trailing stop (if present) are shown automatically.
Background color shows green when LONG conditions are met (and of course, position is opened on the next candle), same for SHORT but red.
- Usage and recommendations:
As this is a coded strategy, you don't even have to check for indicators, just open and close trades as the strategy shows.
There're various customizable settings like optional take profit/stop loss, trailing stop (both based on ATR or any of the EMAs), open only LONGs/SHORTs or both, date range...
Take profit and stop loss ATR default values have been tested for scalping on 5 min charts, however feel free to check strategy results and increase the winning rate/profit for your favorite asset.
- Customization:
As usual I like to make as many aspects of my indicators/strategies customizable, indicators, colors etc., feel free to ask if you feel that something that should be configurable is missing or if you have any ideas to optimize the strategy.
============
ESPAÑOL
============
- Descripción:
Esta estrategia fue diseñada por "Andrew's Trading Channel" (créditos a él por la estrategia base).
Se han añadido muchas mejoras a la estrategia, más condiciones, trailing stop, stop loss y take profit personalizados, todo explicado a continuación.
- CONDICIONES PARA ENTRAR EN LONG:
Cruce de EMA 5 con EMA 8 ascendente.
- SALIR DE LONG:
Cruce de EMA 8 con EMA 5 ascendente y el precio de cierre se sitúa por debajo de la EMA 13.
- CONDICIONES PARA ENTRAR EN SHORT:
Cruce de EMA 8 con EMA 5 ascendente.
- SALIR DE SHORT:
Cruce de EMA 5 con EMA 8 ascendente y el precio de cierre se sitúa por encima de la EMA 13.
- Visual:
Todas las EMAs son visibles (5, 8 y 13 períodos) con colores/anchos y personalizables.
El precio de inicio de la posición, el take profit, el stop loss y el trailing stop (si están presentes) se muestran automáticamente.
El color de fondo es verde cuando se cumplen las condiciones de LONG (y por supuesto, la posición se abre en la siguiente vela), lo mismo para SHORT pero en rojo.
- Uso y recomendaciones:
Como esta es una estrategia programada, ni siquiera tienes que comprobar los indicadores, sólo abrir y cerrar las operaciones como te muestra la estrategia.
Hay varios ajustes personalizables como el take profit/stop loss opcional, el trailing stop (ambos basados en el ATR o en cualquiera de las EMAs), abrir sólo LONGs/SHORTs o ambos, rango de fechas...
Los valores por defecto del take profit y el stop loss ATR han sido probados para scalping en gráficos de 5 minutos, sin embargo, siéntase libre de comprobar los resultados de la estrategia y aumentar la tasa de ganancia / beneficio para su activo favorito.
- Personalización:
Como siempre me gusta hacer personalizables todos los aspectos de mis indicadores/estrategias, indicadores, colores, etc., siéntase libre de preguntar si cree que falta algo que debería ser configurable o si tiene alguna idea para optimizar la estrategia.
SMART4TRADER -ATR viewIndicator in the form of an information panel in the upper right corner
the indicator shows ATR (Daily, Weekly, Monthly) in percentage and points.
Calculates position size considering volatility and given risk
The indicator also takes into account the multipliers in the contract
_--------------------------
Индикатор в виде информационной панели в правом верхнем углу
индикатор показывает ATR (Daily, Weekly, Monthly) в процентах и пунктах.
Рассчитывает размер позиции с учетом волатильности и заданного риска
Так же индикатор учитывает множители в составе контракта
Adaptive ATR Keltner Channels [Loxx]Adaptive ATR Channels are adaptive Keltner channels. ATR is calculated using a rolling signal-to-noise ratio making this indicator flex more to changes in price volatility than the fixed Keltner Channels.
What is Average True Range (ATR)?
The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period.1
The true range is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close. The ATR is then a moving average, generally using 14 days, of the true ranges.
What are Keltner Channel (ATR)?
Keltner Channels are volatility-based bands that are placed on either side of an asset's price and can aid in determining the direction of a trend.
The Keltner channel uses the average-true range (ATR) or volatility, with breaks above or below the top and bottom barriers signaling a continuation.
ATR Adaptive EMA [Loxx]ATR adaptive EMA is an exponential moving average with dynamic ATR-adjusted length inputs.
What is Average True Range (ATR)?
The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period.1
The true range is taken as the greatest of the following: current high less the current low; the absolute value of the current high less the previous close; and the absolute value of the current low less the previous close. The ATR is then a moving average, generally using 14 days, of the true ranges.
Jurik CFB Adaptive, Elder Force Index w/ ATR Channels [Loxx]Jurik CFB Adaptive, Elder Force Index w/ ATR Channels is a variation of Elder Force Index that better adapts to trends by calculating dynamic lengths for the traditional Elder Force Index calculation. ATR channels are added to show levels of price extremes or exhaustion of price either up or down. Elder Force Index is typically used for spotting reversals on the weekly timeframe.
What is the Elder Force Index?
Dr. Alexander Elder is one of the contributors to a newer generation of technical indicators. His force index is an oscillator that measures the force, or power, of bulls behind particular market rallies and of bears behind every decline.1
The three key components of the force index are the direction of price change, the extent of the price change, and the trading volume. When the force index is used in conjunction with a moving average, the resulting figure can accurately measure significant changes in the power of bulls and bears.1 In this way, Elder has taken an extremely useful solitary indicator, the moving average, and combined it with his force index for even greater predictive success.
What is Composite Fractal Behavior ( CFB )?
All around you mechanisms adjust themselves to their environment. From simple thermostats that react to air temperature to computer chips in modern cars that respond to changes in engine temperature, r.p.m.'s, torque, and throttle position. It was only a matter of time before fast desktop computers applied the mathematics of self-adjustment to systems that trade the financial markets.
Unlike basic systems with fixed formulas, an adaptive system adjusts its own equations. For example, start with a basic channel breakout system that uses the highest closing price of the last N bars as a threshold for detecting breakouts on the up side. An adaptive and improved version of this system would adjust N according to market conditions, such as momentum, price volatility or acceleration.
Since many systems are based directly or indirectly on cycles, another useful measure of market condition is the periodic length of a price chart's dominant cycle, (DC), that cycle with the greatest influence on price action.
The utility of this new DC measure was noted by author Murray Ruggiero in the January '96 issue of Futures Magazine. In it. Mr. Ruggiero used it to adaptive adjust the value of N in a channel breakout system. He then simulated trading 15 years of D-Mark futures in order to compare its performance to a similar system that had a fixed optimal value of N. The adaptive version produced 20% more profit!
This DC index utilized the popular MESA algorithm (a formulation by John Ehlers adapted from Burg's maximum entropy algorithm, MEM). Unfortunately, the DC approach is problematic when the market has no real dominant cycle momentum, because the mathematics will produce a value whether or not one actually exists! Therefore, we developed a proprietary indicator that does not presuppose the presence of market cycles. It's called CFB (Composite Fractal Behavior) and it works well whether or not the market is cyclic.
CFB examines price action for a particular fractal pattern, categorizes them by size, and then outputs a composite fractal size index. This index is smooth, timely and accurate
Essentially, CFB reveals the length of the market's trending action time frame. Long trending activity produces a large CFB index and short choppy action produces a small index value. Investors have found many applications for CFB which involve scaling other existing technical indicators adaptively, on a bar-to-bar basis.
What is Jurik Volty used in the Juirk Filter?
One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.
What is the Jurik Moving Average?
Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits. In other words, late comers get what's left on the table after the feast has already begun.
(JS) Checklist SignalsWhat if I told you that you could use over 10 indicators at once without having a single one of them on you chart? Enter the Checklist Signals. This is probably the most complex yet simple indicator I've ever done.
What you get is 6 rows (if you want them all) of labels that hover at the top of your screen with a ton of extremely useful information. I will go down the list of options in the indicator settings and explain how it all works.
So the label placement is based on ATR. You choose your X Axis and Y Axis starting point then adjust the lookback period. Default lookback is 600 bars. What that means is, the indicator finds the highest high in the last 600 bars, then begins to place the labels above that zone based on the ATR of the chart. Different timeframes require very different combinations so it's all customizable. Sometimes if labels overlap you need to adjust the X Axis starting point, or the spread on either axis.
The next set of options allows you to decide what you'd prefer to be set on or off. Let's start with ATR and VWAP. I have added bands for both of these. When price is below the mean (which is the 21 ema by default), then the labels show you the next 5 standard deviations of ATR going down. When under one of these levels the label turns red. The opposite is true when above the mean and in those instances the labels will be green. It is the same with the VWAP, though instead of using the mean we use the daily VWAP as the starting point. If you choose to have levels switched on then you can see the actual values of each standard deviation level. Down lower in the options you can change the resolution and source used for VWAP.
The next option is "Trending". This creates a moving average using the length of the Trending Lookback Period (default is 5) and then tells you using arrows in the label which direction the trend of the indicator is going.
The next area let's you specify the information you receive in the Squeeze labels. By default all options are one - and this tells you if there's a Squeeze, what type of Squeeze there is, and how many bars the Squeeze has been building up or since it fired. These labels are color coded to correspond with the Squeeze type as well.
Then we get to another one of my indicators, the Ballista. One of the main signals is the "Inverted Squeeze" where the short term momentum inverts against the long term momentum. Here I have the distance between the two oscillators in the first label, and then the second label tells you if there's an Inverted Squeeze signal, if there's potential entry, confirmed entry, or how many bars its been since the last entry signal.
The next feature is off by default, but it will add arrows to your chart based on a simple lower highs and higher lows signals. Turning arrows on will place them right on your chart above or below each bar.
The rest of it is customizable settings of all the other indicators that are shown. Now looking at the labels themselves, starting in the top left corner:
First Row-
ADX + DMI: These labels show the ADX, DI+, & DI- values in each label. Whenever the DI+ or DI- is above the other then their respective label will light up. Also, when the ADX is above 20 (confirming the trend) it lights up in the same color as well.
Squeeze: I described how this worked above, the labels tell you if there's a Squeeze, how long there's been one, and how long since it fired, all while also changing to color of the associated Squeeze type.
Second Row -
Stacked EMAs: The top label looks at the EMA values using the numbers of the Fibonacci sequence. It looks at the EMA 8, 21, 34, 55, 89, & 233 and tells you if they're all stacked in the same direction (Stacked Bear meaning they're all crossed down in order, Stacked Bull meaning they're all crossed up in order). If the EMAs are all stacked but 1 or 2 it will say Stacked -1 or Stacked -2. When they're all over the place it will say they aren't stacked at all.
BB%: This tells you the value of the Bollinger Band %. If this is negative then you know that price is currently below the lower Bollinger Band, and if it is above 100% it is above the upper Bollinger Band.
RSI: This tells you the value of the RSI and the label changes colors based on the value.
Stoch: This tells you the Stochastic value and changes colors based on the value, same as the RSI.
Third Row -
The Mean: This tells you the numerical value of whatever you have the mean set as (21 ema by default). The label changes colors based on price being above or below the mean.
One ATR: This was something I added for those looking to plan their trades out. This tells you the value of one ATR so you can have a better idea of how to plan your trades based on this distance.
VIX: This tells you the current value of the VIX, and color changes based on being green or red on the day.
Ballista: I explained this above, it tells you the distance between the two oscillators and changes colors based on the trend being above or below 0. When there's an Inverted Squeeze this label is gray.
Inverted Squeeze: This label tells you if there's an inverted squeeze as well as if it is showing an entry or how many bars since the last entry signal. This label turns fuchsia on a bear signal and lime on a bull signal.
Fourth Row -
ATR Bands: As I explained above, this plots each standard deviation using ATR and changes colors based on price's relationship to each one.
Fifth Row -
VWAP: The three labels here show the daily, weekly, and monthly VWAP values, and color changes based on price's relationship to each one.
Sixth Row -
VWAP Bands: These are the standard deviation levels of the VWAP resolution of your choosing (as explained above), and just as the others, colors change based on price's relationship to each one.
I thought this was a really cool indicator that could be used for people like me who like knowing the right information, but HATE having their charts clustered with a ton of stuff. Hope you all like it, enjoy!
RAVI FX Fisher [Loxx]RAVI FX Fisher is a special implementation of RAVI using WMA moving averages and ATR and then normalized like Fisher Transform. If the histogram falls between the white lines, the market is too choppy to trade. This indicator is tuned for Forex.
What is RAVI?
The Range Action Verification Index (RAVI) indicator shows the percentage difference between current prices and past prices to identify market trends. It is calculated based on moving averages of different lengths.
Included:
-Change bar colors
GBTT Sapphire CloudsOverview:
These clouds are built using an SMA, ATR, and Fibs to create a potential high and low type of channel system. The SMA length is customizable via a user input, but the default value is 5.
Intended use:
To provide educational content about the short term movement of an asset. Can be used on any time frame.
Disclaimer:
NOT intended to be a sole source of Technical Analysis or anything more than an educational tool!
Arego ATRThis script automatically calculates ATR on a daily basis where it would be highest and lowest and draws a line there.
With this you can see whether stock has passed the ATR or not.
When stock moves, line is adjusted as well. For example, the stock opened at $100 and moved down $1.
ATR is $5.
Script will then draw two lines on the chart.
Daily low ATR would then be $95 and daily high ATR would then be $104.
The formula is very simple:
Current price + ATR = daily high
Current price - ATR = daily low
Bollinger Bands + Keltner Channel Refurbished█ Goals
This is an indicator that brings together Bollinger Bands and Keltner's Channels in one thing.
Both are very similar, so I decided to make a merge of the best features I found out there.
Here there is the possibility of choosing one of these two as needed.
In addition, I added the following resources:
1. Pre-Defined intermediate bands with Fibonacci values;
2. Detachment of the bands in which the price was present;
3. Choice of Moving Average:
"Simple", "Exponential", "Regularized Exponential", "Hull", "Arnaud Legoux", "Weighted Moving Average", "Least Squares Moving Average (Linear Regression)", "Volume Weighted Moving Average", "Smoothed Moving Average", "Median", "VWAP");
4. Statistics: bars count within the bands.
█ Concepts
Keltner Channels vs. Bollinger Bands
"These two indicators are quite similar.
Keltner Channels use ATR to calculate the upper and lower bands while Bollinger Bands use standard deviation instead.
The interpretation of the indicators is similar, although since the calculations are different the two indicators may provide slightly different information or trade signals."
(Investopedia)
Bollinger Bands (BB)
"Bollinger Bands (BB) are a widely popular technical analysis instrument created by John Bollinger in the early 1980’s.
Bollinger Bands consist of a band of three lines which are plotted in relation to security prices.
The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (the type of trend line and period can be changed by the trader; however a 20 day moving average is by far the most popular).
The SMA then serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price.
Typically the Upper and Lower Bands are set to two standard deviations away from the SMA (The Middle Line); however the number of standard deviations can also be adjusted by the trader."
(TradingView)
Keltner Channels (KC)
"The Keltner Channels (KC) indicator is a banded indicator similar to Bollinger Bands and Moving Average Envelopes.
They consist of an Upper Envelope above a Middle Line as well as a Lower Envelope below the Middle Line.
The Middle Line is a moving average of price over a user-defined time period.
Either a simple moving average or an exponential moving average are typically used. The Upper and Lower Envelopes (user defined) are set a range away from the Middle Line.
This can be a multiple of the daily high/low range, or more commonly a multiple of the Average True Range."
(TradingView)
█ Examples
Bollinger Bands with 200 REMA:
Keltner Channel with 200 REMA:
Bollinger Bands with 55 ALMA:
Keltner Channel with 55 ALMA:
Bollinger Bands with 55 Least Squares Moving Average:
█ Thanks
- TradingView (BB, KC, ATR, MA's)
- everget (Regularized Exponential Moving Average)
- TimeFliesBuy ("Triple Bollinger Bands")
- Rashad ("Fibonacci Bollinger Bands")
- Dicargo_Beam ("Is the Bollinger Bands assumption wrong?")
LNL Keltner ExhaustionLNL Keltner Exhaustion resolves the constant issue of Bands vs. EMAs
With the keltner exhaustion wedges, you can easily see the keltner channel extremes witout using the actual bands. That way, you will know whether the price is outside of the keltner channels + you can use other indicators (such as EMAs) on chart without the bands so the chart does not look messy & hard to read.
Two Types of Wedges:
1. Green/Red Wedge - Price action is extended outside the regular band. More of a "profit taking" zone rather than "entry taking" (default set to 3.0 ATR factor).
2. Purple Wedge - Price action is extended outside of the extreme band. Chances are price will revert to mean soon (default set to 4.0 ATR factor).
Works great as a target tool with the squeeze setup or as an overall extension gauge.
Hope it helps.
DATE and ATR20 for practice using kojiro_indicatorsThis is an indicator to display ATR20, EMA100 of ATR20 and date at a glance for trade practices using kojiro_indicaotrs.
This will allow you to easily perform your practices.
Please change the period of EMA and the display interval and size of the indicator as needed.
Please enter small, normal, large, huge, or auto for the size.
The following is in Japanese.
小次郎講師のインジケーターでプラクティスする際に、
ATR、日付を見やすくするためのインジケーターです。
サイズや間隔を変更可能です。サイズはnormal、normal、large、huge、autoを入力してください。
MACD-VWhat is it?
The MACD-V indicator is the normal version of the MACD (Moving Average Convergence Divergence) indicator but normalized for volatility. It is normalized for volatility in order to compare momentum values across time and across tickers which the normal MACD indicator fails to do.
Formula
The formula for the MACD-V is as follows
MACD Line = [ / ATR(26)] * 100
Signal Line = EMA(9,MACD)
Histogram = MACD Line - Signal Line
How to Use
The MACD-V indicator is used to analyze normalized trends. If the MACD line is above 150, it is considered overbought. If the MACD line is below -150, it is considered oversold. Crossovers of the MACD line and the signal line are considered to be points of trend changes as well.
Features
Customizable Overbought/Oversold boundaries
Customizable colors
Credits
All credit for the idea behind this indicator goes to Alex Spiroglou CMT. His academic paper on the indicator can be found here .
In addition to Alex's idea for the paper, one TradingView user, Mik3Christ3ns3n has created a partial version of it which can be found here .
Adaptive EnvelopeI bring to your attention a dynamic indicator Adaptive Envelope .
The main qualitative characteristic of the technical indicator is adaptability. This means that it does not need to be adjusted for each tool. The adaptive envelope itself dynamically adjusts to the volatility of each individual instrument, or even timeframe.
And thanks to a wide range of settings, the indicator can be adjusted to your needs. Let's consider an example of the use of the indicator in trading.
Option #1. The envelope shows the "stretch" of the market - that is, the price of the asset beyond normal volatility. And it is at such moments that the probability of returning to the average is highest. That is, for such a signal, we wait for the exit to the moving average, and when returning with a stop order, we enter the averaging direction.
Option #2. Another option for trading is to buy at the lower level, as well as additional purchases along the lines of the envelope. Exit - on the middle line of the envelope (for shorts on the contrary) - so we have a full adaptability of the strategy. I repeat that due to adaptability, there will be no need to reconfigure when changing market characteristics.
Thank you for attention. Sincerely, Oleksandr Yanchak. Capitalizator.UA
RISK managment TOOL not a netive english speakr - soory for spelling problems.
this tool purpse is to help you dtermine postion sizing
it take a trend meeter of your chose and mesure it with the high and low of lookback number (defult is 100 )
you can chose your trend meeter from 'close','VOL', 'MA short' , 'MA long' , 'MACD', 'VOL MA', 'ATR', 'MFI', 'TSI'
with that you can see if you are "overbought" or "oversold " with the highest and lowest of a lookback period
and size acording to that .
the MA box - MAshort and MA long is the same box for the MACD ma for calcs and for the TSI
for long - if in lower band buy +++ if midelle buy +++ if high buy +
for short - if in highr band short +++ if midelle short ++ if low short ++
hope it will help you
for source - comment email and tip.
כלי ניהול הסיכונים הזה נועד להראות לכם את היחס של המתנד הנבחר ביחס לגבוהה והנמוך בבחירת טווח הזמן הנבחר ( דיפולט הוא 100 ימים אחורה ) ובכך לעזור לכם בהחלטת גודל הפוזציה
הכלי נועד לעזור בוויזאולציה של הטרנד לעומת האיתות שאתם מקבלים ביחס לגבוהה או הנמוך של 100 ימים אחורה
אם אתם מתכננים עסקת לונג העדיפות לקנות כאשר הסמן נמצא ברצועה התחתונה ובמקום זה תוכלו להגדיל את הפוזציה ל +++
כאשר הסמן נמצא ברצועה האמצעית אפשר לקנות ++
וכאשר הסמן נמצא למעלה עדיף לשקול את הפוזציה או לקנות +
ההפך לשורט.
לקבלת הקוד אפשר להשאיר מייל בתגובה + טיפ.
תודה ל @daviddtech tnx to
SL and TP - ATRThis indicator is using ATR ( Average True Range ) to set the Target point and Stop loss.
Use the pink number as target, always.
If you are in Long position, use the green number as stop loss, so the red number is not useful in Buys.
If you are in Short position, use the Red number as stop loss, so the green number is not useful in Sells.
** Need to enter the numbers in ticks --> VERY IMPORTANT: Write it completely, even the numbers after the point sign but DO NOT WRITE the point sign itself. e.g. : if the target tick on indicator is 123.75, you have to write 12375 ticks for your TP. ( one more example: If the number is 0.0001203 , write 1203 ticks. )
Enter the information of the opening candle.
Most of the times, risk/reward ratio is a bit higher than 1.
Works on multi timeframes. P.S: Haven't checked the weekly timeframe.
Not trying to oversell the indicator, but this is perhaps the best TP/SL specifier.
For beauty purposes, change (Sl @ buy) and (TP @ sell) to histograms.
Histograms are only for visual purposes. Customize the indicator as you want :)) Hope you enjoy
Multiple MAs + No Trend Zone + ATR WidgetThis is my first Pine Script attempt. Nothing special, just an "all in one" for the most common things I use, and what I have found to be the most common in a lot of strategies.
Great for free and limited accounts as it combines 7 total indicators into one.
-- First 5 indicators are Independant Moving Averages:
-Each one can be set for length, as well as source and type (SMA, EMA, SMMA, WMA, VWMA) individually
-- Second type (6th) of indicator is one I find extremly useful for staying OUT of consolidation trading. It's called a "No Trend Zone" indicator I swipped from the Hoffman Startegy. Basically, its set for a small deviation (0.5) of a 35 EMA, which creates a "Band" around the 35 line. When you have this "Band" flat or with no discernable incline/decline, with price action OR some or multiple moving averages inside this banded zone, it typically indicates a zone of consolidation. This will help you identify when you may be in one of those zones, that way you don't get trapped "waiting for paint to dry" before the market starts to move again with your position, and keep you from entering should you be considering the market at that time.
The last indicator is my favorite, and one I will refine a little deeper soon.
-- The ATR widget finishes us out. This widget can be customized for colors, turned on or off, and automatically rounds the ATR (ATR period based on the chart timeframe) to a nice readable number for what you're trading. It has settings to show or not, the length, what rounding style to use (forex pip 0.0001, forex/stock/etf/indicies 0.01) where to show it on the pane, a Multiplier Factor (for stop loss calculations automatically) and the colors.
***NOTE ABOUT ATR WIDGET:
I am primarily a forex trader, so the defaults are for Forex 0.0001. If you see some odd numbers (like 55798 on a current chart), check the inputs tab on the settings, and change the "ATR Style" from "Forex 0.0001" to "Forex/Stock/ETF/Indicies 0.01", and you should arrive with the correct number.
