Weighted Average Calculator - evoTest version of a weighted average calculator, will make an update later with more functions and a better view.
For now it's mainly useful for getting an average value and see how you can ladder into your position,
if you use the weights as the amount you want to order, you can see the total value and expected loss in the label.
You can use the weights as percentage or any numbers you like, but expected loss won't apply to that for now (before update)
5 values and weights available
If you have ideas to add anything or find mistakes send me a message.
Average
Sideways Money - Bitcoin BeatsHello, Hello, Hello,
And welcome back to Bitcoin Beats.
This is another version of my previous script, "Range Indicator - Bitcoin Beats".
Designed initially for breakouts but shows adaptive ranges and consolidation in XBTUSD(Haven't tested other assets but should do the same thing).
If we are consolidating (which is most of the time) a good strategy to trade would be to trade ranges. However, as soon as you spot the range it can feel like the range has changed so you lose out on making the monies.
This indicator plots out the average range in a consolidation.
It also shows you when the range has broken in a direction that it previously hasn't broken in. This essentially signifies the the trend changing and gives warning that trading the range may no longer be valid.
There are a few ways to trade this indicator and I will explain 2 of them here.
PLEASE TRADE AT YOUR OWN RISK. YOUR FUNDS ARE YOUR RESPONSIBILITY.
IF YOU TRADE WITH THESE STRATEGIES, YOU ARE TO BLAME FOR YOUR OWN LOSSES.
BY USING THIS INDICATOR YOU AGREE THAT I WILL NOT BE HELD LIABLE IN THE CASE OF YOU LOSING FUNDS.
Strategy 1:
- Have 2 bitmex accounts open.
- Use on the 30m, 1h, 3h or 12h.
- Long AND Short on both accounts when we hit the middle area. This is called the "Reload Zone".
- When we hit the edge of each side of the plotted range, close the positions in profit.
- You will then have 1 trade underwater.
- If the range is solid, the price will move back to the Reload Zone in which you reload you position that you took profit with.
- You then have both a Long AND Short open after 1 profitable trade.
- Rinse and repeat until you get the "STRATEGY CAUTION" message signifying that the range will most likely break soon.
Strategy 2(least profitable):
- When the "STRATEGY CAUTION" Message appears, you can long or short depending on which side it breaks toward.
- If we break down, short.
- If we break up, Long.
I wouldn't advise this second strategy if you are a beginner as the results are inconclusive and it's more of a hybrid trading strategy, meaning you have to know how to trade with price action flowing.
Usually if it is appearing volatile, you can go to a higher time frame and find the exact range it's catering to, adjusting your strategy accordingly.
See you soon,
Goodbye, from Bitcoin Beats.
Calculator (weighted) - evoA tool to calculate the average price and position size.
The "Risk Amount" input means the amount of dollars you lose if the trade gets stopped out (it should be based on a small percentage of your account).
TIPS
- If you use the weights to calculate an average price, make sure it adds up to 100% in total or you will get a weird number.
- Keep an eye on the risk amount if you take a trade, if I ever update the script it might set back to default which will change your position size.
- I tested it all but you might trade in a different way than me, so do your own calculation for every new thing you try with it.
If you find any bug please tell me so that no one ends up with a weird calculation or position size.
Deviation Scaled Moving Average [ChuckBanger]This is a deviation scaled moving average original designed by John Ehlers. It is a new adaptive moving average that has the ability to rapidly adapt to volatility in price movement with minimal lag. Because it is so smooth and adapts to the volatility of the market it is by far a really great tool for spotting trend changes
Exponential Least Squares Moving AverageModified LSMA (Least Squares Moving Average) to use exponential rates of growth instead of linear regression. Inputting a number into the confidence interval allows the user to have set percentage of statistical guarantee based on past movement. To set this percentage of guarantee (Default set to 97.5%), refer to the input values below:
0.000 = 50%
0.255 = 60%
0.525 = 70%
0.835 = 80%
1.040 = 85%
1.285 = 90%
1.645 = 95%
1.960 = 97.5%
2.330 = 99%
Average Candle Length 2.0This script will tell you the following:
• Average length of all the candles (wick to wick) for the last 20 candles
-- shown in blue
• Average length of bull (green) candles (wick to wick) for the last 20 candles
-- shown in green
• Average length of bear (red) candles (wick to wick) for the last 20 candles
-- shown in red
___________________________________________
Inputs:
• # of Candles to analyze (default = 20)
Multi Moving Averages @Hendo 4C (14 Types)A script containing 14 different types of Moving Averages, a total of 4 can be added per chart (allowing multiple Moving Averages under a smaller TradingView plan).
It also comes with: Adaptive coloring, settings for the source of calculations, customizable colors and lengths. Most importantly, as mentioned: 14 different types found below.
Simple Moving Average (SMA)
Exponential Moving Average (EMA)
Double Exponential Moving Average (DEMA)
Triple Exponential Moving Average (TEMA)
Running Moving Average (RMA)
Kaufman's Adaptive Moving Average (KAMA)
Hull's Moving Average (HMA)
Least Square Moving Average (LSMA)
Weighted Moving Average (WMA)
A. Legoux Moving Average (ALMA)
Volume Weighted Moving Average (VWMA)
Symetrically Weighted Moving Average (SWMA)
Smoothed Moving Average (SMMA)
Elastic Volume Weighted Moving Average (eVWMA)
The goal of creating this script was to allow people with a small TradingView subscription to have access to multiple Moving Averages. Of course it’s not unique in that use case, the thing that makes this script is unique is the fact that it comes with 14 different Moving Averages that can be selected independently. You want a RMA paired with 2 EMA’s and one HMA? Go ahead!
I’m open to add any requests that you guys might have. Feel free to ask so in the comments.
Check out my “Volatility Stop Loss Helper” too! And happy trading.
Last: I think it’s pretty clear to say that this was not “my idea” to build. But I found most of the similar scripts available pretty lacking in terms of settings and additions.
{{Settings overview}}
“Adaptive Colouring”: If enabled the Moving Average colours will be determined by their relation to price. If price is above the Moving Average it’s green, and red if price is below.
“Plot First MA”: Disable or enable the first moving average
“Moving Average Type 1”: The type of Moving Average that the first MA should be. 14 choices.
“Moving Average Length 1”: The length of the first Moving Average.
“Source of Calculation MA1”: The source that is used to calculate the Moving Average. Default is “Close”.
“Plot Second MA”: Enable if you want to use 2 Moving Averages
Settings are the same as described above. But then for the second MA.
“Plot Third MA”: Enable if you want to use 3 Moving Averages
Settings are the same as described above. But then for the third MA.
“Plot Fourth MA”: Enable if you want to use 4 Moving Averages
Settings are the same as described above. But then for the fourth MA.
It is recommended to click the little left arrow to hide your indicators in the top corner while using this indicator. Due to the length of the settings menu.
Settings can be added due to requests. Please check the update notes below:
Multiple MAsYou can set up to 5 moving averages (or more if you know how to edit the script), selecting from SMA, EMA, HMA, WMA, DEMA, TEMA or RMA. Select the source and the period for each MA.
Moving Averages Traders StreamHello Guys this is a new set of Multiple Moving Averages with Bullish and Bearish coloured. Our Tool Includes SMA, EMA, RMA, VMA and VWMA. So if any comments than please.......
Average Daily Range Label by Theoris (ADR)This indy show Label of
* Last price
* Range of Low - High ( from Average daily range calculation )
* ADR (14 ) default period 14
* value of current range ( pip ) / Average daily range.
Example
now price is
1499.4
( 1486.959 - 1510.841 ) --- > This is range calculate from ADR for normal range.
ADR(14)
58/148.41
meaning use ADR period 14
today run 58 pips
from average 14 period is 148.41 pips
can change period to other normally I use 10 or 14
Timeframe to use default is Daily
Relative Volume (RVOL) - ATR - R4RocketHello !!
This is a big upgrade on my earlier Indicator called "RVOL - R4Rocket". I could have updated the existing script, but there were two reasons for me to not do so.
1. I changed a lot of the previous code and added a lot of statistics like
a. Intraday Daily ATR Plot
b. Progressive (High - Low) Range as % of Daily ATR
c. % of RVOL Days in available chart data in any timeframe
d. In the new script RVOL Sectional has been removed as I did't find it very useful (Old script still has that feature)
e. And lastly and greatly, I modified the actual RVOL code (Huh ? Well I'll explain what I mean by this below)
2. Earlier I named my script just as RVOL. But then I though, well not everyone is going to search "Relative Volume" Indicator as "RVOL" Indicator, right? And Then during my second update I even tried to see whether I can change the script name but I couldn't figure it out. (Maybe it's not possible or maybe you know, "I DON'T HAVE ENOUGH BRAIN POWER" :P). So in order to make my script more accessible and easy to find for everubody so that it may add a little value to them in their trading, I'm changing the name of the script in this publication to "Relative Volume (RVOL) - ATR - R4Rocket". (Quite a big name, don't you think?)
Now as my reasons are out of the way, let me tell you about the indicator and the available options.
First let me explain what is RVOL basically. (Even after making 4 updates to my last script, I forgot to explain this......BIG BRAIN POWER :P)
It is calculated as (Cumulative sum of volume till time t from the start of the session) divided by the (Average of same period volume over a given number of days).
Lets say market starts at 09:30 am and right now the time is 10:00 am. So what RVOL does is it takes the sum of volume done from 9:30 am to 10:00 am for today and divides it by the same average volume that occurred between 9:30 to 10:00 in lets say X number of last days.
What this does is gives you the means to quantify how much everybody is interested today in the given stock w.r.t last X days. Generally higher the RVOL value - higher the public interest (due to some known or unknown reason like results / news / market condition etc) - and hence higher is the probability of stock movement on intraday basis. (Mostly everybody prefers to trade stocks intraday with RVOL > 2)
Now let's get back to the changes and the features.
1. It calculates Relative Volume
Adjusted in a way that the recent volume spike (e.g say due to quarterly result announcement or some other big news) don't skew the next day's
RVOL calculation. What this will do is, it will give you a good idea whether the stock is still in play the next day or a day after that.
LIGHTS !! CAMERA !! ANNNNNNDD ACTION !! (I love to watch movies, not very relevant here I know, but couldn't help it :P)
Now you can see in the image below the difference between old and new script RVOL calculations. This will help you to find out 2nd Day, 3rd Day plays.
To calculate RVOL first you have to choose your local exchange trading hours
E.g. NSE (India) trades from 09:15 to 15:30
NASDAQ (USA) trades from 09:30 to 16:00
LSE (UK) trades from 08:00 to 16:30 etc
Then you have to choose the RVOL period. This is the lookback period for cumulative volume average calculations.(I suggest using default value of 4 but it depends upon your preference and one more thing to note is that too high of a value will not even load the script due to some constraints that I don't know)
And last parameter is RVOL Trigger = What RVOL value YOU CONSIDER IMPORTANT. (I like 2 and if RVOL > RVOL Trigger then the columns will turn Green otherwise they will be Red. SIMPLE !!)
You can use any timeframe from 1 min to 1 Day. (Even custom timeframes like 2,4,6 will work fine)
1 min Chart
2 min Chart
2. It calculates Daily ATR in % terms of the day's open and plots it on intraday charts (and on daily charts too, if you want)
It's just what I just said - plain & simple.
You can see it in the image below. (Yellow dotted line and value in yellow color)
This will help you if you use profit targets or stop losses based on previous day's ATR values.
All you have to do is tick the Plot Daily ATR % box in inputs and choose the ATR Average.
3. The indicator calculates (High - Low) range as and when it extends throughout the day as the % of Daily ATR
This will help you quickly in finding which stocks are trading with extreme volatility.
Can be seen in the image below where the stocks trade @ almost 3 times or 300 % of the previous days ATR (Blue dotted line and value in blue color)
4. And lastly it gives you the statistic that will tell you how much is the average % of total days are RVOL days. (Did you get that ? It sounded great in my head but really don't know what I just said)
Let me tell you in terms of numbers. Lets say on daily timeframe Tradingview provides some 5000 bars worth of historical data. Out of that there were 16% days where RVOL was more than 2. Roughly speaking if you were to trade this stock every day then you would find on an average about 3 days per month with RVOL > 2.
(If you reduce the RVOL Trigger, then you will get more % RVOL days. In the second image if you reduce RVOL Trigger to 1.5 then you will have almost 27 % good trading days AS PER YOUR DESIRED & DEFINED PARAMETER OF RVOL TRIGGER = 1.5. Which translates to almost 6 days per month. You can play with it as you want and deem fit.)
RVOL Trigger = 2
RVOL Trigger = 1.5
“The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder
With best regards.
R4Rocket
SMA 21/30/50/100/200 with Cross by DragonByteCombines several key simple moving averages into one slot without going overboard. Includes cross indicators between the 50/100 and the 50/200 day SMA's.
Multiple SMAs + X-Bar High/LowWhen starting my daily analysis, I typically open a daily chart and check where the price is compared to several SMAs, as well as check the high/low of today and the 10-day high/low. This indicator was designed to save chart space as well as make finding the highs and lows more efficient. Everything is adjustable, so you don't have to stick with my 10-bar rule.
TrenderTrender is an indicator that compiles trend-following ideas in a complete friendly-custom indicator. Based on classic arithmetic moving averages, exponential moving averages, volume and a little bit of Fibonacci. Indicator built and usable in TradingView, focused only for easy visualization of the trend.
Scripting Tutorial 3 - Triple Many Moving AveragesThis script is for a triple moving average indicator where the user can select from different types of moving averages. It is meant as an educational script with well formatted styling, and references for specific functions.
Scripting Tutorial 2 - Triple Exponential Moving AveragesThis script is for a triple exponential moving average indicator. It is meant as an educational script with well formatted styling, and references for specific functions.
Scripting Tutorial 1 - Simple Moving AverageThis script is for a simple moving average indicator. It is meant as an educational script with well formatted styling, and references for specific functions.
Alpha-Decreasing Exponential Moving AverageThe alpha parameter of this moving average decreases with every new bar on the chart, so it will become more slowly and slowly in course of time. Can act like additional support/resistance line but works in an acceptable way on weekly and monthly timeframes only.
MMDVZ 1.0 - Moving Multi-Day VWAP ZonesVolatility adjusted moving multi-day VWAP zones
Directionality, trend and support/resistance levels at a glance
Useful for trading practically all kinds of stocks and futures.
Works well with many timeframes.
More updates to come, stay tuned