True Range Breakout [racer8]TRB (True Range Breakout) plots the current TR (true range) as well as the previous TR high over n periods. If the current TR is greater than the previous TR high, then the TR histogram will become red. Red signals high volatility. Enter trades only when the histogram is above the TR high line. Happy trading! 🥳
Truerange
Indicator: On Balance True RangeThis is original indicator by Thomas Bieravic from a book of "Trading Systems and Methods" (Wiley Trading) 6th Edition by Perry J. Kaufman.
The author was change volume on true range in formula and added signal line for analyze of volatility.
Enjoy it!
Fear And Greed IndicatorThe Fear And Greed Indicator is a very popular indicator on the Bloomberg platform and since I didn't have actual source code to work with, this is a very close approximation of that indicator. Let me know if you spot any discrepancies with the original and I will do my best to fix them.
For buy and sell signals it is pretty straightforward. Just buy when the green (greed) is in control and sell when the fear (red) is in control
This was a special request so let me know if you want to see more scripts from me or if you want something custom!
ATR + Trailing StopsSimple visualisation of Average True Range in Pinescript V4.
The script has two modes: Running and Trailing.
In Running mode, it continuously displays the ATR above and below the price. Specifically, it displays the High and Low price plus and minus the ATR times a user-supplied multiplier. This can be helpful for visualising volatility.
In Trailing mode, it displays the same ATR line, except the line trails until price crosses it. When price crosses it, it flips from long to short or vice-versa.
You could use trailing ATR as a stop loss. Adjust the multiplier and lookback period for your asset and preference.
ADR - Average Daily Range [@treypeng] [v2]
This is an intraday indicator.
Average Daily Range provides an upper and lower level around the daily open. It is calculated by taking an EMA/SMA average of a given number of previous days' True Range.
It can be useful for helping guide support and resistance, for taking profits and for placing stops.
It's a similar idea to the ATR indicator, but calculated on a daily timeframe only.
Settings:
Length: number of days to take an average from
Offset: Set this to 0 to include today's range. Set to 1 to exclude today. Set to 2 to exclude today and yesterday.....and so on.
The other settings should be self explanatory :)
Volatility Backtest The Volatility function measures the market volatility by plotting a
smoothed average of the True Range. It returns an average of the TrueRange
over a specific number of bars, giving higher weight to the TrueRange of
the most recent bar.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Volatility Strategy The Volatility function measures the market volatility by plotting a
smoothed average of the True Range. It returns an average of the TrueRange
over a specific number of bars, giving higher weight to the TrueRange of
the most recent bar.
WARNING:
- This script to change bars colors.
Volatility RatioVolatility Ratio indicator script. This indicator was originally developed by Jack Schwager.
Laguerre Multi-Filter [DW]This is an experimental study designed to identify underlying price activity using a series of Laguerre Filters.
Two different modes are included within this script:
-Ribbon Mode - A ribbon of 18 Laguerre Filters with separate Gamma values is calculated.
-Band Mode - An average of the 18 filters generates the basis line. Then, Golden Mean ATR over the specified sampling period multiplied by 1 and 2 are added and subtracted to the basis line to generate the bands.
Multi-Timeframe functionality is included. You can choose any timeframe that TradingView supports as the basis resolution for the script.
Custom bar colors are included. Bar colors are based on the direction of any of the 18 filters, or the average filter's direction in Ribbon Mode. In Band Mode, the colors are based solely on the average filter's direction.
J-PipsI made this tool to measure the exact PIP range of different currency pairs in an easy to understand format.
It comes with the option to convert the PIP Values to XXX/JPY Pairs with a simple check-box.
"H" is the highest PIP movement in 377 time periods.
"N" is the EMA-377 of the PIP ranges.
"P" is the current time periods PIP moment (true range).
Relative True RangeDots show the total movement for the period as a percentage (profit potential).
Line shows the volatility of the period in relation to the beginning of the period.
