Many traders use ATR as a way to determine stop loss placement. It usually works like this: - Stop loss for a short trade = high of last candle + ATR value - Stop loss for a long trade = low of last candle – ATR value This is an indicator that allows you to do just that: it gives you an easy way to view current and historical volatility using ATR-based price...
camarilla - Daily,Weekly,Monthly levels in one chart for support and resitance
This is a small, but usefull, script that gives you targets and possible risk/reward according to the last significant highs and lows. When a high or low is "tapped" and price turns back away it typically tends to return to these levels before bouncing back or "taking a break" and then continuing. The risk/rewards percentages kan be adjusted for leverage, the...
Another addition to the "HUD series'. This is not an indicator in the sense that it is attempting to provide OHLCV data in some new way. Instead, this is a tool designed to help you quickly place visual references on your chart of a current position. It is easy enough to paint an entry, Target, and SL with the long position tool on TV, but if you have multiple...
This is a simple proof of concept model for a tool that allows you to overlay a percent reference anchored on a specific price point. It projects a ladder of horizontal lines at percent levels 1%, 2%, 3%, 4%, and 5%. It will then begin filling in target zones when price closes above these targets. Above 5% all fills will be lime green, below entry, fill will be...
I got the main concept for this system on another site. While I have made one important change, I must stress that the heart of this system was created by someone else! We must give credit where credit is due! Y'all know baby pips. @ForexPhantom published about this system and did both back and forward test around 10 years ago. I found it on the sit and now I put...
Our Logical Trade Levels (Targets and Stall Points) indicator is a simple but powerful version of support and resistance. We do a fair bit a behind the scenes algorithmic magic but essentially these levels act as very strong support and resistance for entries and also targets. Many of our previously published ideas use these levels to determine likely stall points...
Grab pips with Hawkeye Grabba Grabba is a simple mechanical system that you can manage yourself, using your own risk and reward profile. The Hawkeye Grabba is a risk management tool which provides traders with a visual representation of the risk-to-reward profile on every trade. For example, you can apply your own profit targets (say 10 pips) and each line...
This is a simple update to the Mayer Multiple script by Unbound , which charts an indicator created by Trace Mayer and popularized by Preston Pysh. The original post identified any price below 2.4x the 100-day MA as the BTC buy threshold. While the logic there is historically sound, it does not account for the fact that the BTC trend is parabolic in nature. With...