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Range

NR(X) IndicatorNarrow Range Indicator can help determine when a possible Break Out can occur through narrowing price action. The diamonds above the bar shows the bar to completed the Narrowest Range (high - low) of your selected time period. The default period is 7 but can be changed through the inputs. The next bar will indicate with a label weather it is a predicted Break UP (Green label) or Break Down (Red label). The original creator of this style of indicator (thepatternsite.com) even admits the accuracy is only around 50%. To help increase those odds I combined his original work with an ATR(x) to help guesstimate the direction of breakout based on overall trend direction.
Pine Script™ indicator
by jasondhadley
1
B3 Donchian CloudsThis is the Donchian Channel expressed with a percentage cloud. Default 12.5% of the range will be filled at each edge, this helps to show reversal possibilities as price returns to the area between the clouds. This offers a usage to essentially fade the turtle trader system. That system is loosely based on the playing of the breakouts of the the channel... as you can see the that last turtle trade long in YM1! was and is off the charts awesome. I will look for the fall out of the cloud to short the market.
Pine Script™ indicator
by HammondB3
B3 Bar Cycle MTF (fix)Apologies, there was an error in printing for the thick gray boxes, happened when MTF was switched on. All better, and here is the details from before: This is an interesting study that can be used as a tool for determining trend direction, and also could be a trailing stop setter. I use it as a gauge on MTF settings. If on, you can look at the bar cycle of the 1h while on the 15m giving you a lot of information in one tool. If a line is missing high or low, it is because it was broken, if both exist you are trading in range and cloud appears. If both sides break you get thick gray boxes above and below bar. Get used to editing the inputs to suit your liking. Often 3-5 length and always looking at different resolutions to get a big picture story. You could put multiple instances of the study up to see them simultaneously. I based the idea off of Krausz's 3 day cycle which you can read about in his teachings. I tend to find it looking better using Heikin Ashi bar-style.
Pine Script™ indicator
by HammondB3
5
B3 Bar Cycle MTFThis is an interesting study that can be used as a tool for determining trend direction, and also could be a trailing stop setter. I use it as a gauge on MTF settings, in the pic MTF is turned off. If on, you can look at the bar cycle of the 1h while on the 15m giving you a lot of information in one tool. If a line is missing high or low, it is because it was broken, if both exist you are trading in range and cloud appears. If both sides break you get thick gray boxes above and below bar. Get used to editing the inputs to suit your liking. Often 3-5 length and always looking at different resolutions to get a big picture story. You could put multiple instances of the study up to see them simultaneously. I based the idea off of Krausz's 3 day cycle which you can read about in his teachings. I tend to find it looking better using Heikin Ashi bar-style.
Pine Script™ indicator
by HammondB3
2
Narrow Range + Inside Day, Long Only Strategy (by ChartArt)This long only strategy determines when there is both a NR7 (narrow range 7, a trading day in which the range is narrower than any of the previous six days), plus a inside day (high of the current day is lower than the high of the previous day and the low of the current day is higher than the low of the previous day) both on the same trading day and enters a long trade when the close is larger than the open and the slope of the simple moving average is upwards, too. The strategy closes the long trade next time the daily close is larger than the open in any of the next trading days. In addition the NR7ID can be colored (the color is green when the close is larger that day than the open, else the color is red) and the SMA can be drawn with a color based on the direction of the SMA slope. To fine-tune the strategy it is highly recommended to change the period length of the SMA, which determines if the measured SMA slope is upwards or not. Inspiration: How to trade NR7 and Inside Day Pattern paststat.com Code credit: NR7 indicator script from Tradingview user Lazybear: pastebin.com
Pine Script™ strategy
by ChartArt
2
Adaptive Donchian ChannelThis indicator adds a level of adaptivity to the simple Donchian Channel by adjusting the sensitivity (lookback periods) of the channel's upper and lower bounds based on the amount of time that has elapsed since the price has hit/expanded the channel boundaries. Comparing the results of this indicator to the standard Donchian Channel, the readier level of responsiveness may prove self-evident. METHODOLOGY: Specifically, the more recently the channel was expanded in one direction, the longer the lookback period grows in that direction. Conversely, if the channel has not been expanded in a given direction, the lookback period will contract so as to allow for a tighter channel. For example, let the initial lookback period be 20 bars and let the factor argument be 0.1 (or 2 bars to start, as 20*0.1 = 2). Now say the current bar sets a new 20-period high. Then the lookback period for the upper bound is expanded by 2 bars to 22, and the lookback period for the lower bound is contracted by 2 bars to 18, thereby making it simultaneously harder to set new highs and easier to set new lows (and vice versa for hitting new lows). If neither a new high nor a new low is formed, both periods contract by the given factor.
Pine Script™ indicator
by JacobAmos
5
Currency Pairs High Low RangeIndicator gives the High-Low range of 18 currency pairs. There is a High Ave which is the average of the top four (you may need to adjust which ones are in the average) as well as the bottom four Low Ave. The picture is of a weekly chart with the indicator set at 12 week average of the High-Low range with a .7 (70%) multiplier. When I am looking for week long trades with lots of movement I pick my pairs based on the most actives with a 70% capture of the range as a guide line of when to exit. Sometime when I am not in the mood for volatility I go with the ones in the Low Ave area. Further, when I day trade I set the indicator to a 1Day chart and move the percent to 20% or 30% as a guideline to tell when to get out of a trade.
Pine Script™ indicator
by forexpirate
6
Market Meanness Index-Price ChangesThis is the Market Mean index. It is used to identify if the market is really trending or if it is range bound(random). In theory, a random sample will be mean reverting 75% of the time. This indicator checks to see what how much the market is mean reverting and converts it to a percentage. If the index is around 75 or higher than the price curve of the market is range bound and there is no trend from a statistical standpoint. If the index is below 75 this means the price curve of the market is in fact trending in a direction as the market is not reverting as much as it should if it were truly following a random/range bound price curve.
Pine Script™ indicator
by LevyFlight
2