Combo 2/20 EMA & Average True Range Reversed This is combo strategies for get a cumulative signal.
First strategy
This indicator plots 2/20 exponential moving average. For the Mov
Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met.
Second strategy
Average True Range Trailing Stops Strategy, by Sylvain Vervoort
The related article is copyrighted material from Stocks & Commodities Jun 2009
Please, use it only for learning or paper trading. Do not for real trading.
WARNING:
- For purpose educate only
- This script to change bars colors.
在腳本中搜尋"range"
Central Pivot RangeCentral Pivot Range with Weekly and Daily CPR. I do not have anything else to say.
Hourly Range SeparatorHourly Range Separator is a useful tool to display a hourly vertical line separator in less than 1H timeframes like as 1M, 5M, 15M and etc.
You can change Lines color, style and width from Indicator settings.
Notice : We used vline() function for building this Indicator.
Good trading to all ...
Igor Sessions Average Candle RangeCalculated Average Candle Range for Igor Sessions. Resets average at these time UTC: 00:00, 06:00, 12:00, 20:00.
Shade COVID PeriodA free Pine Script that shades the COVID outbreak period. Note that you can specify your own date range and shade color.
Average True Range (ATR) invisible price markers / linesThis script provides the ATR price when added to the top and bottom of the currently hovered candle.
The prices are shown top left next to the indicators' name.
This means you do not have to manually subtract or add ATR to price.
Line opacity allows you to show the lines where the ATR is, however, I recommend to keep this disabled.
Line type allows you to choose where ATR is calculated from (LowHigh or LowHighBody), the second ignoring the wicks, however LH is standard.
I also recommend to keep the other parameters as default.
I hope this indicator provides useful to you and your trading.
XABCD Harmonic Pattern Custom Range Interactive█ OVERVIEW
This indicator was designed based on Harmonic Pattern Book written by Scott Carney. It was simplified to user who may always used tools such as XABCD Pattern and Long Position / Short Position, which consume a lot of time, recommended for both beginner and expert of Harmonic Pattern Traders. XABCD Pattern require tool usage of Magnet tool either Strong Magnet, Week Magnet or none, which cause error or human mistake especially daily practice.
Simplified Guideline by sequence for Harmonic Pattern if using manual tools :
Step 1 : Trade Identification - XABCD Pattern
Step 2 : Trade Execution - Any manual tools of your choice
Step 3 : Trade Management - Position / Short Position
█ INSPIRATION
Inspired by design, code and usage of CAGR. Basic usage of custom range / interactive, pretty much explained here . Credits to TradingView.
I use a lot of XABCD Pattern and Long Position / Short Position, require 5 to 10 minutes on average, upon determine the validity of harmonic pattern.
Upon creating this indicator, I believed that time can be reduced, gain more confidence, reduce error during drawing XABCD, which helps most of harmonic pattern users.
█ FEATURES
Table can positioned by any postion and font size can be resized.
Table can be display through optimized display or manual control.
Validility of harmonic pattern depends on BC ratio.
Harmonic pattern can be displayed fully or optimized while showing BC ratio validity.
Trade Execution at point D can be displayed on / off.
Stop Loss and Take Profit can be calculated automatically or manually.
Optimized table display based extend line setup and profit and loss setup.
Execution zone can be offset to Point C, by default using Point D.
Currency can be show or hide.
Profit and Loss can be displayed on axis once line is extended.
█ HOW TO USE
Step 1 : Trade Identification - Draw points from Point X to Point C. Dont worry about magnet, point will attached depends on High or Low of the candle.
Step 2 : Trade Execution - Check the validity of BC to determine the validity of harmonic pattern generated. Pattern only generate 1 pattern upon success. Otherwise, redraw to other points.
Step 3 : Trade Management - Determine the current candle either reach Point D or Potential Reversal Zone (PRZ). Check for Profit & Loss once reach PRZ.
█ USAGE LIMITATIONS
Harmonic Patterns only limits to patterns mentioned in Harmonic Trading Volume 3 due to other pattern may have other or different philosophy.
Only can be used for Daily timeframe and below due to bar_time is based on minutes by default.
Not recommended for Weekly and Monthly timeframe.
If Point X, A, B, C and D is next to each other, it is recommend to use lower timeframe.
Automated alert is not supported for this release. However, alert can be done manually. Alert will updated on the version.
█ PINE SCRIPT LIMITATIONS
Known bug for when calculate time in array, causing label may not appeared or offset.
Unable to convert to library due to usage of array.get(). I prefer usage for a combination of array.get(id, 0), array.get(id, 1), array.get(id, 2) into custom function, however I faced this issue during make arrays of label. Index can be simply refered as int, for id, i not sure, already try id refered as simple, nothing happens.
linefill.new() will appeared as diamond box if overused.
Text in box.new() unable to use ternary condition or switch to change color. Bgcolor also affected.
Label display is larger than XABCD tool. Hopefully in future, have function to resize label similar to XABCD tools.
█ IMPORTANTS
Trade Management (Profit & Loss) is calculated from Point A to D.
Take Profit is calculated based on ratio 0.382 and 0.618 of Point A to D.
Always check BC validity before proceed to Trade Management.
Length of XABCD is equal to XAB plus BCD, where XAB and BCD are one to one ratio. Length is measured in time.
Use other oscillator to countercheck. Normally use built-in Relative Strength Index (RSI) and Divergence Indicator to determine starting point of Point X and A.
█ HARMONIC PATTERNS SUPPORTED
// Credits to Scott M Carney, author of Harmonic Trading Volume 3: Reaction vs. Reversal
Alt Bat - Page 101
Bat - Page 98
Crab - Page 104
Gartley - Page 92
Butterfly - Page 113
Deep Crab - Page 107
Shark - Page 119 - 220
█ FAQ
Pattern such as 5-0, perfect XABCD and ABCD that not included, will updated on either next version or new release.
Point D time is for approximation only, not including holidays and extended session.
Basic explaination for Harmonic Trading System (Trade Identification, Trade Execution and Trade Management).
Harmonic Patterns values is pretty much summarized here including Stop Loss.
Basic explanation for Alt Bat, Bat, Crab, Gartley, Deep Crab and Butterfly.
█ USAGE / TIPS EXAMPLES (Description explained in each image)
Average Candle RangeThis indicator calculates for you the average candle range for the current 24H trading session for the selected timeframe. The calculation starts from 00:00UTC until the current moment. The indicator is not time zone dependent, works well on every time zone.
Opening Range Breakout Lines-nagaBased on Range breakout on opening sessions, you can change your opening according to your time . by default it set for London opens.
Average True Range NormalizedIntroduction
This simple script is the normalization of the common ATR indicator. The utility in normalization, in this case, is the contextualization of the absolute movements of the ATR compared to the previous candles. Not finding an indicator that reflected my needs, I created it and decided to make it available to the community.
The oscillator is fully based on the original ATR indicator, once normalized it varies its values between -50 and +50 and has a moving average based on it.
I added alarms:
- crossing of horizontal levels (default +40 -40)
- crossing of the moving average
Settings
ATR period : like a normal ATR indicator, the number of candles on which the ATR calculation is based
Smooth : like normal ATR indicator, type of moving average to smooth true range values
Normalization Period : Number of candles on which ATR normalization is based, it takes the maximum and the minimum values in the last N candles and creates the value -50 and +50, between these two values normalize the others.
MA Period : Period of MA based on ATR, this MA can be used like moving level to find the moment of low volatility
Type : Kind of MA, you can choose only between 3 types ( SMA, EMA, WMA )
Horizontal Lines Value : high and low level for high and low volatility
Alert on crossing Horizontal lines : enable alerts on crossing Horizontal Lines
Alert on crossing MA : enable alerts on crossing Moving Average
How to use
ATR isn't a directional indicator, but volatility is fuel for markets, low ATR values indicate quiet moments or consolidation movements, otherwise high ATR values indicate selling or buying pressure. A reversal in price with an increase in ATR would indicate strength behind that move.
The problem, for me, with normal ATR is that often the values have to be contextualized with older values, on the contrary being normalized you can:
- catch small fluctuations, and anticipate the decline;
- contextualize the values without having to look at the history in the previous candles
So:
- under MA or horizontal line the volatility is too low, it would be advisable to consider not opening positions;
- over MA line the volatility is raising and a reversal in price with an increase in ATR would indicate strength behind that move;
Remember that every statistical indicator is just a tool, it needs to be understood to be used at its best, otherwise, it is just a colored line in a colored graph.
Average Daily RangeRe-Re-upload!
There are a handful of decent Average Daily Range indicators out there.
Often they are built using Pinescript v2 (severely outdated) or have no customization or are "Closed Source"
In this version, you can select two multipliers to display on chart
Primary Mult - Large Green or Red crosses, by default set to 1 or 100% of ADR
Secondary Mult - Small Aqua or Maroon crosses, by default set to 0.5 or 50% of ADR
Cheers,
EFX
Average Zigzag Range (AZR)Here is an attempt calculate Average Zigzag Range (AZR). This can be used similar to ATR. Using AZR instead of ATR for trailing stop calculation may yield better outcome in trend trading.
Logic is simple.
Calculate zigzag based on ZigzagLength
Calculate distance between each zigzag pivots
Calculate simple moving average of last MALength pivots
Use DoubleMA option to further smooth AZR using a Secondary Moving Average
Volume Profile / Fixed RangeHello All,
This script calculates and shows Volume Profile for the fixed range . Recently we have box.new() feature in Pine Language and it's used in this script as an example. Thanks to Pine Team and Tradingview!..
Sell/Buy volumes are calculated approximately!.
Options:
"Number of Bars" : Number of the bars that volume profile will be calculated/shown
"Row Size" : Number of the Rows
"Value Area Volume % " : the percent for Value Area
and there are other options for coloring and POC line style
Enjoy!
ATR Stop Loss FinderThis Indicator uses Average True Range (ATR) to determine a safe place to put stop losses to avoid being stop hunted or stopped out of a trade due to a tight stop loss. Default multiplier setting is 1.5. For a more conservative stop loss use 2 and for a tighter stop loss use 1. ATR and stop loss prices are displayed in table at bottom of screen. Use high(red) for shorts and low(teal) for longs.
Chart Date RangeDisplay the chart's total range for immediate reference.
Features:
1. European Mode
Works in any color, as long as it's orange.
ATR RangeUseful in case you use Average True Range to determine Shows Stop Loss and Take Profit price levels.
For example, if you want to put Stop Loss with a distance of 1.5xATR and Take Profit 2xATR for a long trade, put 1.5 as Lower Factor and 2 as Upper Factor. Lower and Upper prices will show price levels for SL and TP respectively.
True Range PercentageIt shows the true range/closing price percentage. With this indicator, you can infer the volatility of the market
Advanced Average True RangeThis 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.
Elastic Range Weighted Moving AverageThis indicator is similar to the Elastic Volume Weighted Moving Average, except it uses True Range instead of Volume.
This can be useful where volume data is unavailable (for instance, in forex), or if prices moved way too fast, such as the Swiss franc crash back in 2015.
Comparison:
Let me know if you want more features added to this indicator. I'll see what I can do.
Your feedback is always appreciated. Thank you.
Implied Volatility Range ProjectionThis script plots an expected future range estimation based on implied volatilities, using a specified volatility index as proxy for ATM implied volatilities.
For example the S&P 500 could use the VIX.
ATR - ATR from Low, ATR from High LabelsChecks what the average true range is for the X amount of trading days. Then will also label the ATR from the low, and the ATR from the high of the current day.
A second label can be created dependent on current days RVOL %. If RVOL is not 0 or 1, then it will create the second label. Otherwise it will just leave it as the standard label.
The calculation for second label is RVOL * ATR.
