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...
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.
ATR Scaling Indicator Objective - Use for entry point Description - ATR Scaling is the introduction of Average True Range to scaling it into 1 Standard diviation. Since the average Ture Range in general has a wide distribution of data, we need to scaling the data to reduce fragmentation. Applications - The principle of ATR Scaling is to use it as...
Not many know that the JMA (Jurik Moving Average) is already an adaptive indicator (it is adapting using the usual market volatility monitoring mode). Hence, making it adaptive "once more" makes it double adaptive. Fro the adaptivity in this case, we are use ATR (Average True Range) to make the JMA double adaptive. The ATR period is the same as the JMA period...
Show the High and low lines based on the average daily range of ticker
I use MACD-V as Columns Bar and including the signal line Not use MACD-V - Signal Line as Histogram Enjoy!
Functions like ATR Multiplier by bjr117, but is overlaid on chart to make your setting of stop-loss and take profit levels easier. Simply set the multiplier, script will take the ATR for that time with whatever setting, multiply it with your input and plot that number plus and minus each candle close.
this scrips is combination of Moving average that you can alter with buy and Sell signal. it is easy to use. u can go with the trend as of the bar color turn to blue it is indcate tha ur in bullish trend and with turn to red it indicate that your in down trend. Use Ema 200 for trend confluences hope you like it. thank's Sadflute
The volume indicator what can replace the built-in volume indicator and It also has some useful features. and designed to work as overlay in the same pane with open-source indicator by default. Regular volume Indicator Volume SMA plot Large Volume ! emphasize by color & mark. Ultra Volume ! overlay marking ; x2 x4 x6 lager than regular average...
Volatility Pivot Support and Resistance calculates "pivots" (support/resistance lines) based on current symbol/timeframe Average True Range calculated volatility. What is Average True Range? 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...
ATR-Stepped PDF MA is and ATR-stepped moving average that uses a probability density function moving average. What is Probability Density Function? Probability density function based MA is a sort of weighted moving average that uses probability density function to calculate the weights. Included: -Toggle on/off bar coloring -Toggle on/off signals -Alerts long/short
Relative Volume and Average True Range are critical for quick decision-making and managing risk. Even if the setup is there for a day trade, having a high relative volume on the name helps with confirmation to put on the risk. Additionally, using ATR to define your risk is a very helpful way to quickly size your trade in the moment. This indicator provides the...
This is a redesign of the Chandelier Exit indicator. It removes stupid transitions between Chandelier Exit' states and highlights initial points for both lines. This indicator was originally developed by Charles Le Beau and popularized by Dr . Alexander Elder in his book "Come Into My Trading Room: A Complete Guide to Trading" (2002). In short, this is a trailing...
Displays 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,...
This is a powerful new indicator with clear buy and sell signals.
The 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...
This script can be used as a visual aid in seeing the last highs and lows of price in a specific time period. It automatically updates the plots if new highs or lows are made within the given lookback period. This is a fairly basic version currently, with new added features coming in future updates such as range between high/low and half and whole number detection.
Not quite the usual approach to plotting targets on the chart, where the price will come with a given probability. The indicator draws targets by studying the ATR of the target timeframe. More precisely, this is not exactly an ATR - the price move is taken from the closing price of the previous bar and is calculated both up and down separately. The settings...