First of all, I would like to thank the author @LonesomeTheBlue. This indicator developed on the source code "Point and Figure (PnF)" by author @LonesomeTheBlue. This indicator calculate the range (Cause) of Phase accumulation or distribution to calculate the taget (Effect) based on the Wyckoff Method. Formula for calculate move value target : Col * BoxSize *...
The purpose of this tool is to help the trader determine a safe stop loss price and take profit which dynamically changes due to ATR (Average True Range) This tool uses the concept of ATR (Average True Range) Risk Reward Ratio (Money Management method) How is ATR Stop Loss and Take Profit Finder working Step 1 ) Tool will calculate TR(True...
What is this for This tool is designed as a companion to an automated strategy running on Alertatron. Sometimes when a strategy opens a trade, you decide that based on TA you would like to close all or or a portion of your trade at a support or resistance level. The strategy may already be programmed to take profit but this tool allows you to add additional take...
(My goal creating this indicator) : Provide a way to enter the market systematically, automatically create Stop Loss Levels and Take Profit Levels, and provide the position size of each entry based on a fix Percentage of the traders account. The Underlying Concept : What is Momentum? The Momentum shown is derived from a Mathematical Formula, SUPERTREND. When...
First off, huge thanks to @fikira! He was able to adapt what I built to work much more efficiently, allowing for more strategies to be used simultaneously. Simply put, I could not have gotten to this point without you. Thanks for what you do for the TV community. Second, I am fairly new to pinescript writing, so I welcome criticism, thoughtful input and...
OVERVIEW The Average True Range Multiplier (ATRX) is a simple technical indicator that takes the value of the ATR indicator and multiplies it by a user-specified amount. CONCEPTS This indicator is primarily used to set key levels based on historical volatility. The ATR indicator alone measures the historical volatility of the selected instrument, this...
I've added Buy & Sell Flags - They will be used to add Longs and Shorts Flags as well as the ability to add alerts on them. What triggers the Buy signal? Buy signal = This indicator make use of the rsi (Relative Strength Index) to look at specific overbought and oversold levels as confirmation if it is an uptrend and not overbought yet. This will indicate that a...
The ADX and MACD confluence can be a powerful predictor in stock movements. This script will help you find those confluences in an easy to understand visual manner. It includes Buy and Sell signals for detected confluences, and will show colored candles to help you determine when to exit a trade. When the candles turn to white that means the detected confluence...
In many strategies, it's quite common to use a scaled ATR to help define a stop-loss, and it's not uncommon to use it for take-profit targets as well. While it's possible to use the built-in ATR indicator and manually calculate the offset value, we felt this wasn't particularly intuitive or efficient, and could lead to the potential for miscalculations. And...
============ ENGLISH ============ - Description: This indicator is based on ATR to print current ATR multiple values for Take Profits or Stop Loss levels, it's real time, so you can use the replay feature to test it or calculate these levels anytime on any candle. Therefore, levels are calculated by multiplying the ATR by the level multiplier. - Visual: Both a...
I'm going to introduce you to the Take Profit Screener tool. It allows you to manually scan your watchlist to determine at a glance the assets that have the best profitability potential. It is a 2 in 1 tool that allows you to : identify where your Take Profit ratios are located whether you are in SHAD or Cycle Strategy identify the potential reward...
Especially useful when using it for stocks in intraday screening for daytrading. This gives you quick information about the volatility at the moment when you look at the stock. The current range of the last candles (adjustable) is calculated so that you can stop based on the Vola. In addition, the daily volume and daily range are calculated in the table and...
This is MTF MACD crossover and crossunder, with EMA trend filter and MTF RSI overbought/oversold filter. Guidelines: - User can set stop loss, take profit target and risk to reward ratio in setting - ATR Stop and ATR Multiplier are use to set stop loss and take profit levels, setting are varies depend on what you are trading, play around and find appropriate...
The Levels Of Greed indicator is based on the same idea as the Levels Of Fear one and was suggested by several traders in the comment section. It helps analyze price advances to find the best levels for closing a long position in an asset after a quick surge or longer up-trend. In finance, volatility is a term that describes the degree of variation of an asset...
The Levels Of Greed indicator is based on the same idea as the Levels Of Fear one and was suggested by several traders in the comment section. It helps analyze price advances to find the best levels for closing a long position in an asset after a quick surge or longer up-trend. In finance, volatility is a term that describes the degree of variation of an asset...
Kzx Position tracker mod v1.0 by RX-RAY Original script by K-zax The modification was made for the USDRUB ticker (the number of digits in the values of price, interest, lot volume and profit loss for other tickers may affect the positioning of the inscription, but it is fully operative and it may be used with other tickers ) Typical...
Open Range Breakout With Take Profit Zones prints the open range and profitable zones based on the high and low during the opening hours. This indicator can be used to prepare breakout trades following the OPR strategy. The time window for the open range as well as for the market hours can be configured. Also custom alerting templates allow to create alerts...