How The Script Works : 1. This script calculate the average movement of the price in a user defined custom session and plot the data in a table from on top left corner of the chart. 2. The script takes highest and lowest value of that custom session and store their difference into an array. 3. Then the script average the array thus gets the average price. 4....
The Range Action Verification Index (RAVI) is a technical indicator used in trading to measure the strength of a trend. It compares two simple moving averages (SMAs) to determine the market's momentum. To calculate RAVI, we subtract the shorter SMA from the longer SMA, and then divide the result by the longer SMA. This value is then multiplied by 100 to express...
Inspired by @jeffsuntrading and @Fred6724 's ATR% multiple from 50-MA . There are no catch-all values, however a high of 6 and a low of -4 generally has been valuable to me. I tend to look at the historical highs and lows of the indicator, and adjust the Value High and Value Low accordingly to get an idea when profit-taking may be sensible. The essence is...
█ Overview The Predictive Trend and Structure indicator is designed for traders seeking to identify future trend directions and interruptions in trend continuation. This indicator is unique because it employs standard deviation to predict upcoming trend directions and potential trend continuation levels. This enables traders to stay ahead of the market. ...
The Weighted Momentum Forecast (EWMF) is a predictive indicator designed to forecast the potential direction and magnitude of the next candle's close. It combines the principles of momentum, trend confirmation, and volatility adjustment to make its predictions. **Components:** 1. **Rate of Change (ROC)**: Measures the momentum of the market. 2. **Average True...
The Volatility Quality Index (VQI) is an indicator used to measure the quality of market volatility. Volatility refers to the extent of price changes in the market. VQI helps traders assess market stability and risk levels by analyzing price volatility. This introduction may be a bit abstract, so let me help you understand it with a comparative metaphor if you're...
This indicator shows the percentage of price variation, depending on the length of bars that the user chooses. At a glance you can see if the price jumps in volatility and how often it does so. Very useful for scalping. The upper and lower bands are limits of price variation in percentage, therefore when there is a crossing above or below you can immediately see...
This pine script that creates a custom indicator called the Inverted VixFix Indicator with RSI Scaling. This indicator combines two well-known technical indicators - the VixFix and the RSI - to create a more comprehensive view of market conditions. The VixFix is a technical indicator that helps identify market trends and volatility. It is based on the highest...
DISCLAIMER: This indicator as my first ever Tradingview indicator, has been developed for my personal trading analysis, consolidating various powerful indicators that I frequently use. A number of the embedded indicators within this tool are the creations of esteemed Pine Script developers from the TradingView community. In recognition of their contributions,...
The Supertrend Targets indicator combines the concepts of trend-following with dynamic volatility-based target levels. It takes core simple and classical concepts and provides actionable insights. The core of this indicator revolves around the "Supertrend" algorithm, which essentially uses the Average True Range (ATR) and a multiplier to determine if the price...
RSI Trend Detector is based on the Direction of PSAR. This indicator helps the easy detection of Trend Direction and Sideways Movement of Price. It was difficult to determine the RSI Trend Direction in a basic RSI indicator. one cannot decide the exact entry point where to enter. RSI Trend Detector helps with the direction of trend using PSAR direction which is...
The "Momentum Channelbands" is indicator that measures and displays an asset's momentum. It includes options to calculate Bollinger Bands and Donchian Channels around the momentum. Users can customize settings for a comprehensive view of momentum-related insights. This tool helps assess trend strength, identify overbought/oversold conditions, and pinpoint...
Indicator Description: The "Bollinger RSI Bands" is an advanced technical analysis tool designed to empower traders with comprehensive insights into market trends, reversals, and overbought/oversold conditions. This multifaceted indicator combines the unique features of candle coloration and Bollinger Bands with the Relative Strength Index (RSI), making it an...
Some traders calculate using percentages when trading. The original ATR indicator calculates using price movements, so it differs for each stock. To avoid this, I changed the ATR indicator to show price movement as a percentage. The red line is the percentage value of the volatility of the original ATR indicator. The white line is 1.6 times the original indicator....
Hi, This is a multiband indicator that shows you liquid support and resistance ranges based on growing offsets and growing ATR channels. In the end, when setup well, you can make, based on historical observations, estimates of how traders will react, maybe identical again. How to use: Setup: Activate the two checkboxes for centerline and All_Lines Start with...
The Reversal Confirmation Indicator is based on price action and looks to provide opportunities when price gets stretched. The indicator works by finding the highest and lowest points over the user selected lookback period. If price closes below the low of the highest bar or closes above the high of the lowest bar a possible reversion to the mean may occur and...
The Percentage Range Consolidation histogram is a measure of volatility, ranking current price range compared to past ranges. 🟩 USAGE Here there are 2 heavy contractions of price shown on chart that lead to a big rally. Shows a possible way to approach trading this. Take into account that this is for illustration purposes only and these entry methods...
<---> Caution! This is first test version of indicator. I am ready to get more ideas+feedback to develop it more. <---> The "Momentum_Trader_WMA" indicator is a versatile technical analysis tool designed to help traders identify potential trend changes and momentum shifts in the market. It combines multiple indicators and moving averages to provide a...