SVDThis indicator aims to compare between two charts if trader isn't sure which one is more active and powerful, it does NOT show entries or help your chart analysis directly.
The main features of this indicator is to show vitality and range of any given chart.
Volatility: it calculates the average profit of every swing in the range and the final result will be the chart volatility, which indicate how profitable this chart is.
Range: it calculates the profit of the whole range compared to the total price. (E.g. range bottom is 0.1 and range top is 0.2 the range will be 100%)
Extra: indicator shows the total direction of the chart in term of (STRONG UPTREND, UPTREND, SIDEWAYS, DOWNTREND, STRONG DOWNTREND), if you got (Somthing_wrong) please contact me.
How to use: apply the indicator on different charts that you have chosen and the higher (volatility & range) the more profitable the chart is.
inputs:
Lookback length: how long the range is (how many candles are included).
How intense should the Swing be: how many candles should be counted as a confirmation complete swing.
Show counted Swings: if checked as true, will show the swings counted in the volatility calculation.
For any notes on the indicator to be edited, or for another indicator ideas please comment.
Range
Percentage Range IndicatorThe Percentage Range Indicator is useful for assessing the volatility of pairs for percentage-based grid bots. The higher the percentage range for a given time period, the more trades a grid bot is likely to generate in that period. Conversely, a grid bot can be optimised by using grids that are less than the Percentage Range Indicator value.
I have been using the Percentage Range Indicator based on the one hour time period and 168 periods of smoothing (seven days based on one-hour periods).
Enjoy.
Session Levels - Ultimate Range IndicatorSession Levels - Ultimate Range Indicator
Primarily developed for trading the E-MINI Futures Markets like NQ or ES from the CME Group,
but also more than suitable for Crypto or other instruments.
This indicator highlights the chosen session, which can be Globex, Asian, London and New York.
It plots the important levels and also renders the Opening Range as it forms (a.k.a. Initial Balance).
After the 1st hour Opening Range is finished, it can plot the Standard Deviations / Projections.
See below for a complete feature list.
All Opening Ranges on chart and for the New York session the Range Projections are turned on:
s3.tradingview.com
How to use (example):
If you are trading the Nasdaq Futures (NQ!)
Enable the Globex Overnight session. Basically in the Futures Market, the Globex session is everything outside of US trading hours of Stocks. This draws the important overnight levels, like the Low, 25%, 50%, 75% and the High.
Enable the New York Session with Levels and Opening Range. Generally, 70% of the time the 1st hour will put a Low or High of the day.
If the price is trading above the Globex Low, most likely the Low of the Day is formed and the price target for the day will be 1.5x Standard Deviation and 2x Standard Deviation.
[*} Deviation of the Initial Balance depends on the volume ad overall market structure.
** This is not financial advice or any guarantee **
Features:
Show each Session Highlighted on Intraday chart in it's own color (each session can be turned off and has customizable times and color)
Show Line Levels of each session: Low, 25%, 50%, 75% and the High (customizable color)
Show the Opening Range (Initial Balance) of the Asian, London and New York session. Note: NY has more options.
Opening Range is displayed as a box with level lines (customizable color)
Levels are drawn to the end of the NY Cash session (customizable time)
Show IB Standard Deviations 0.5 - 3.0. Calculated from the Opening Range (Initial Balance)
Option to display Higher Timeframe levels: Previous Day Open/Close and Previous Week Open/Close
All level lines and OR boxes size dynamically as the session progresses
Built in Alerts for when price hits key levels. e.g. Alert when price crosses the NY Opening Range High. Or an Alert when the first STDEV is hit.
Option to toggle display of drawings for Today's trading session only, or Show all recent session levels. This keeps the chart clean or not.
Extras:
The NY Opening Range also has a 50% level line
The NY Opening Bar can be highlighted separately
The Level Lines can have small labels turned on/off. Values are only shown on mouse over to keep a clean chart
Keep in mind:
1) This indicator works on all instruments, but on instruments with limited market hours, your chart setting
has to be set to "Extended Hours" otherwise. For example TSLA on NASDAQ.
2) The Exchange Time Zone for the CME Group is Chicago UTC-6. So the session times you configure in the settings menu are based on that timezone too.
3) Globex opens at 5pm CST and closes when the US session starts 8:30CST.
4) When enabling the Alerts in the Indicator settings, be sure to also create an alarm for this indicator using the Alarm function of Tradingview.
Donchian Range, RSI, and Levels SystemThe Donchian average is defined as average(highest, lowest) for a given period length. By plotting many different lengths, clustering of the lines seems to form natural support/resistance levels. A Donchian Channel and RSI rainbow colors are also provided to define the range and trend.
EMA MTF PlusI like trading the 1 minute and 3 minutes time-frames. I'm what is commonly called a "scalper". Long term investments yes, I have some, but for trading, I don't have neither the time,
nor the patience to wait hours or days for my trade to be complete.
This doesn't mean I discount the higher time-frames, no, I actually rely heavily on them. I found that EMAs do a decent job as support/resistance, sometimes to a tick level of precision. And this is important for a 1 minute trader.
As such, I made this script that tracks the higher time-frames EMAs and displays the last value as a line.
I do not need the whole EMA, I'm not interested in crossovers or crossunders, these are anyway late signals for me.
What's with the triangles? These are local tops/bottoms , candles that have a have decent size of the wick. These tops and bottoms are by no means "final", they are merely a rejection at certain levels of price. Due to markets complexities (and human erratic behaviors hehe) these levels could be breached at the very next candle. For a more "final" version (nothing is really final but..) I added Schaff Trend Cycle as filter, so a triangle will pop only when a trend is mature enough ( STC with a value near 0 or near 100).
Colored bars. When the body of the candle is big, it shows strength. Strong bars tend to have follow through, especially when breaking key levels. The script looks at the body of the candle and compares it with ATR (Average True Range), if it's at least 0.8 of ATR it changes the bar color to yellow (bull candles) or fuchsia(bear candles).
Range identifier. This code is copied from Lazy Bear (if there are any issues please let me know), it's very useful in conjunction with colored bars.
I look for breakout candles that go outside of the range as a signal for a trade.
There are many ways in which this script can be useful, like trading mean reversions or momentum trades (breakouts) or simply trend following trades.
I hope you guys find it useful, you can play with default values and change them as you like, these are what I found to be working best for me and my trading universe (mostly crypto).
Special thanks for the original work of:
LazyBear
everget
Jim8080
Koalafied Initial Balance Levels and ExtensionsShows the Initial Balance and range extensions for either the Daily session or individual market sessions (Asia, London, New York).
Initial Balance is the range represented by the first two segments (typically half-hour segments) of a trading session. Range extensions are a function of the longer-term trader participation, pushing price outside of the beginning 'fair' range established by the local traders. With the introduction of 24/7 markets the initial balance is often now regarded as less important than in the past, however re-calculating IB for multiple trading sessions may reinstitute insight to Market Direction and Confidence
Higher order Orderblocks + Breakerblocks + Range + AlertsThis script identifies Orderblocks, Breakerblocks and Range using higher order pivots and priceaction logic.
I tried to reduce the number of blocks to make the chart cleaner, for this purpose I use only second order pivots for both MSB lines and supply/demand boxes, I also tried to filter out shifts in MS and false breakouts.
Any box has GRAY color until it gets tested.
After successful test box gets colors:
RED for Supply
GREEN for Demand
BLUE for any Breakerblocks
For cleaner chart and script speed all broken boxes deletes from chart.
It gives comparatively clean chart on any TF, even on extra small (5m, 3m, 1m).
For Range there is option to plot 0.25, 0.5, 0.75 lines.
I usually use log scale on charts and there is an option to use it for proper range mean.
In previous my scripts i have requests to make alerts and this time i made it.
It has customizable alert catching all needed alerts into one output:
- Alert MSB - when market structure changes alert will inform you about its direction, MSB line and new Demand/Supply.
- Alert Orderblock or Breakerblock test - alerts when block was tested and it holds (in other words when it get RED/GREEN/BLUE colors)
- Alert New Range - when new range detected
- Alert Range test - alerts when range top or botoom was tested and it holds.
some examples :
ICT New York NY Midnight Open and DividerThis simple indicator plots out ICT's New York midnight open price and a vertical divider at that time.
12am NY time is a key level to watch for daytrading and intraday scalping, often providing entry levels and orderblocks.
The session time may need to be adjusted for different exchanges, but the default is for most of forex.
Range Adaptive EMA Float Series Inputuses range and change distance on arrays to allow for more control as well as any choice of input value as a controller for how tightly it grips the input signal.
No Duplicates Interval Range & EQGenerates Range & EQ levels and removes duplicates. Prioritizes by higher timeframe for duplicates. For example, on Monday's open, weekly open is displayed while daily open is hidden automatically.
Fibonaci Opening Range Candle
Fibonacci Opening Range it is 50% and 0.61% of 5 min or 30min or 1 hour opening candle
search buying opportunities below 0.61
and selling opportunities above 0.50
Also acts as good support and resistance in intraday
BEST RESULTS IN INDEXES
Thanks & Best Regards
Marella Ganesh
Opening Range FibonaccisThis indicator uses the concept of the "Opening Range" to create a Fibonacci zone from the high and low set during a specific time period after open (Defaults to 9:30 - 10:05 AM, EST)
The Opening Range is a popular tool for intraday technical analysis. Price frequently uses these levels as support/resistance, and a breakout from within the range can be a sign of further movement.
The Fibonacci levels are set such that the opening range high/low fall on the +/-0.5 fib. This creates an "extended range" outside of the opening range that may be useful during breakouts.
Classic Candlestick on Range ChartHello traders!
This is my first script to share with everyone! As of right now the range candles on Tradingview are lacking the option to see range charts using the classic candlesticks. This script allows you to overlay a regular candlestick or heikin-ashi candlestick on a range chart!! Unfortunately, the only bar that cannot be a candlestick is the current bar. Once that bar has completed its range then it will update to a regular candlestick.
Install / Use instructions!
-For the best visual appearance it is important to set the transparency of up bars and down bars to 0. This setting is found in the main chart settings under SYMBOL. However, if you want to see the current unfinished range bar you need to set the "projection up bars" and "projection down bars" to the color you prefer.
-To change the colors of the candlesticks is found under the indicator settings like any other script!
Flow of RangeThe Flow of Range is calculated by averaging the range for the given bars for the short term oscillations, then averaging the average to determine long term runs.
Above 0 indicates bullish momentum, below 0 indicates bearish momentum.
Notice the behavior of the market when the range is increasing and decreasing - both on the long and short term oscillations.
The indicator should be used in a discretionary manner along with your usual preferred tools.
Bar StatisticsThis script calculates and displays some bar statistics.
For the bar length statistics, it takes every length of upper or lower movements and calculates their average (with SD), median, and max. That way, you can see whether there is a bias in the market or not.
Eg.: If for 10 bars, the market moved 2 up, then 1 down, then 3 up, then 2 down, and 2 up, the average up bars length would be at 2.33, while the average for the down length would be at 1.5, showing that upper movements last longer than down movements.
For the range statistics, it takes the true range of each bar and calculates where the close of the bar is in relation to the true low of it. So if the closing of the bar is at 10.0, the low is at 9.0, and the high is at 10.2, the candle closed in the upper third of the bar. This process is calculated for every bar and for both closing prices and open prices. It is very useful to locate biasses, and they can you a better view of the market, since for most of the time a bar will open on an extreme and close on another extreme.
Eg.: Here on the DJI, we can see that for most of the time, a month opens at the lower third (near the low) and closes at the upper third (near the high). We can also see that it is very difficult for a month to open or close on the middle of the candle, showing how important the first and the last day are for determining the trend of the rest of the month.
vol_bracketThis simple script shows an "N" standard deviation volatility bracket, anchored at the opening price of the current month, week, or quarter. This anchor is meant to coincide roughly with the expiration of options issued at the same interval. You can choose between a manually-entered IV or the hv30 volatility model.
Unlike my previous scripts, which all show the volatility bracket as a rolling figure, the anchor helps to visualize the volatility estimate in relation to price as it ranges over the (approximate) lifetime of a single, real contract.
Price density [Measuring Market Noise:Take advantage]$$ Market noise can be problematic to some types of trading strategies yet beneficial to others.
By measuring noise using the 'Price Density' can enable us to improve our
trading edge and turn noise to our advantage.
Robust analysis of noise can inform us when it is best to avoid trend-following
systems (when noise is too high), and vice versa for systems based on a
mean-reverting trading premise (when market noise is low).
__________________________________________________________________________
Using Noise to our advantage
* Two techniques:
-Measure Noise and trade when suitable for the system
~ High noise = avoid trend-following
~ Low noise = avoid mean-reversion
-Match assets to strategies
~ Only trade 'noisy assets' with Mean-reversion Strategies
~ Only trade 'efficient assests' with Trend-following Strategies
## Price density:-
High values = High noise
Low values = Low noise
___________________________________________________________________________
Disclaimer!! Do your own research
Range BreakoutThis indicator makes easy to identify a range breakout in both the direction
Expected input is number of days that we should expect the range to be in
Michigandolf's 30min Opening RangeThis script plots the 30min Opening Range as well as the previous day's high & low.
Description:
Blue Line = Top of the 30min Opening Range for the session
Pink Line = Bottom of the 30min Opening Range for the session
White Line = Mid-Point of the 30min Opening Range for the session
White Transparent Area = The full range of the 30min Opening Range
Green Line = Yesterday's High for the session
Red Line = Yesterday's Low for the session
Use:
The Opening Range will continue to expand until the first 30minutes of trading has passed, at which point the range will lock in place for the remainder of the trading session. Many traders use these important levels to gauge trade entries and exits (e.g. Mark Fisher's ACD strategy).
This script does not work currently work for futures (e.g. ES, NQ, RTY) due to the session start time. Will configure for futures trading in a future update.
Multi Range Pivots
Multi Range Pivots works by recognizing the high and low of the timeframe selected and plotting range high to MEAN averages and range low to MEAN averages.
This is essentially the VWAP pivots updated to include not only VWAP as a MEAN, but also SMA, EMA, VWMA, DEMA, TEMA, TRIMA, KAMA, MAMA, T3, H/L basis and Donchian basis.
Also, with high and low no longer repainting, I was able to add true reliable signals.
Enjoy
Averange Percentage RangeThis Indicator displays the two different Averange Percentage Range (APR) and the Percentage Range of the current bar.
If the long term APR is over the short term it indicates a lower volatility otherwise a higher.
You can set the calculation method, rising for (highest/lowest-1)*-100 or falling for (lowest/highest-1)*-100.
Burgerized MTF BB + Reverse Engineering RSI (RERSI) + Hidden S&RThis is a mod of a script by informanerd that has helped me immensely with my trading setup.
HUGE HUGE HUGE credit to him! Check him out! He gave me permission to publish this and so here I am, sharing it with you. I hope you all like it!
This version is functionally essentially the same - the difference is in visualization choices and automation.
Instead of selecting different timeframes, and thus having to change not one but 4 timeframes manually every time you look at a different time frame on the main chart, I found (with help from the kind community in the Pine Script chat right here on Tradingview!) a method to choose multiples so that you can have consistent results no matter what timeframe you are looking at.
Default is set to multiples of 2, 4 and 8 which is the system I found works best for myself personally.
I also changed visualization - crossovers are now highlighted in the background of the respective bands. By default I have chosen different transparency levels for crossovers then sitting inside the bands. This destroyed the ability to modify colors the old school way in Style tab, but I have added inputs for all the relative settings so you can modify the visual aspect to your hearts content, as I know my colors make most people barf (something I did when I was younger maybe?).
Hope the nice barfs of color help you quickly see trends and reversals - I know they help me! Happy trading, no matter your timeframe! xD
