Those of you not familiar with Alan Kelland's trading method called the "Alan Square" or "DaBox" may find this indicator interesting. Here is a brief excerpt from the documentation:
Alan Kelland's Box Trading Method
A draw tool growing in popularity is the Alan Square, named after its inventor Alan Kelland. Alan's method is first and foremost price action. The...
5MA 10MA golden cross. Long signal = 5MA crosses 10MA to the upside /// Short signal = 5MA crosses 10MA to the downside
Accompanied alongside good trader knowledge of price action this intraday cross is a very useful tool in any intraday traders inventory.
Part of my strategy involves entering a trade based on a candle on a 5-min chart being < 2% (ignoring major volatility).
I got tired of calculating the range of a single candle either in my head or on a calculator, so I wrote this up. Feel free to share it.
Shows the %move of any single candle, default horizontal lines are 1% & 2%, can be changed by clicking...
This one is based on "Generic 8x MA Plotter" indicator, by @LazyBear.
It will plot three Moving Averages based on current time interval and seven based on chosen periods by hour, day, week and month. You will be able to see where is, for example, a 50 days SMA when using a 5 minutes time interval chart. I find it very useful to analyze, in a snap, possible price...
It turned out not to be that easy to plot the close of the previous week in hourly or daily charts. In my first experiments things went wrong on Friday or intraday if you simply use the security function. So here is the thing with an algorithm that guaranties the correct value.
This indicator will allow you to compare Daily bars with Intraday insight.
Indicator draws the sum of high-low intraday bars on EOD timeframe.
The purpose is to compare TR or ATR with intraday data, because high-low on 1 daily bar says little about intraday bars inside.
You can replace the function (cum(high - low)) with whatever you need to calculate on intraday bars.
When indicator line shows rising trend, it means market has been good candidate for Intra-day ORB trading strategy. Indicator measures market's tendency of uni-directional moves during intra-day. Markets with rising indicator line can be used for Intra-day ORB trading in anticipation of continuing its past tendency to show intra-day unidirectional moves.
I am still learning pinescript, and part of this was created using the Pine Script language reference manual. This includes looking at the time series, a fixed length, and the default intraday_loss variables. This also includes the basic fixed lengths for an swma (Symmetrically weighted moving average) and the script to start creating a strategy. All in all this...
For Educational Purpose -
Intraday VIX estimation using yesterdays VIX, previous overnight roll , and intraday values for the VXX etf (scaled up to VIX)
Works in all intraday time frames.
First attempt...feedback welcome.