It is simply your traditional MFI , except that your 50 line became the actual price. Why and how could it be useful? This indicator helps to spot more easily and efficiently divergences . You could also use it for trend reversals as you usually do with your 50 line, but I would suggest to set a higher length for the MFI, like 155 or something like that.
View ATR Stop in a different timeframe, the default timeframe is 1D, the default ATR multiplier is 60%. upperStop = current high + dayATR * 60%; lowerStop = current low - dayATR * 60%;
This is a demo of ATR based trailing Stop Loss. This SL strategy uses 2 types of ATR based SL. tight SL as initial (ATR * 1.5) slack SL as trailing (ATR * 4) When any entry singal occurs by the buy/sell conditions, this SL strategy uses the "tight SL" as the initial SL. Then the SL will chase the price as trailing SL. However, this strategy uses the...
My Own Kagi Indicator Implementation! I couldn't find anywhere on the internet a simple implementation of the Kagi indicator (apart from a seemingly complicated JavaScript implementation). So I decided to implement it myself and test it against the built-in Kagi indicator calculated by the built-in security function - They ended up exactly the same! (You can see...
This script is an enhancement of ATR Indicator. It is used to determine the stop loss position by using the ATR indicator, in conjunction with the low of the candle. Formula = Stop Loss = Lowest(Lowest Length) - (ATR Multiplier * ATR (Smoothing, Length)) However, the user needs to manually identify the swing low for a better stop loss placement. Parameter...
Trend Surfers - Premium Breakout Strategy with Alerts I am happy today to release the first free Trend Surfers complete Breakout Strategy! The strategy includes: Entry for Long and Short Stoploss Position Size Exit Signal Risk Management Feature How the strategy works This is a Trend Following strategy. The strategy will have drawdowns, but they...
Average True Range in Percent to price - 2 customizable horizontal line: to be used as custom levels.
Normalized version of Quantitative Qualitative Estimation QQE: Normalized QQE tries to overcome the problems of false signals due to RSI divergences on the original QQE indicator. The main purpose is to determine and ride the trend as far as possible. So users can identify: UPTREND : when nQQE Histogram is GREEN (nQQE is above 10) DOWNTREND : when nQQE...
This indicator has been designed to show you both candle chart and Renko chart in one place. I think most of you are familiar with candle chart which is working with the time and price movements but Renko chart is based on price differences and is not related to the "time" parameter. so if you see a Renko brick is appear up(or down) to the previous brick it means...
The QQE indicator is a momentum based indicator to determine trend and sideways. The Qualitative Quantitative Estimation (QQE) indicator works like a smoother version of the popular Relative Strength Index (RSI) indicator. QQE expands on RSI by adding two volatility based trailing stop lines. These trailing stop lines are composed of a fast and a slow moving...
ATR based position sizing calculator that takes into account the capital, risk percentage and commissions to be paid. Color changes to green as the affordable position size significantly increases relative to recent history.
EMA200 with bands around it showing the effect of changes in RSI scaled by ATR . When the filling is green it indicates the bullish momentum and bearish when it is red.
Stochastic ATR(Higher timeframe) - stochastic of macd of ATR. - stochastic rsi of ATR
The original bollinger bands have a fixed deviation of 2%, this channel calculates the ATR % (Atr Percentage) and places the upper and lower bands
Here is an attempt to segregate ATR into ATR of up days and down days. While setting trailing stops based on ATR, you probably need to consider more on how an instrument can drop during red days. Hence, ATR of only red days makes more compelling case than overall ATR. Another use case for this kind of indicator may be in options if you are selling puts and calls...
(Experimental) I often use the ATR as a volatility filter, to get better entries or to just get a quick understand of the volatility when screening different stocks. With this indicator you can use the ATR in a few different ways: -- Dynamic ATR -- To get more comparability between stocks I use a dynamic/normalized ATR, so I've experimented with two...
Converting strategy to indicator for those who want to use it as indicator. Concepts are simple : Calculate moving average of High, Low, Open and Close and make candles of them Calculate ATR and derive supertrend on the moving average candles. Alerts : Bullish Crossover - When supertrend turns green Bearish Crossover - When supertrend turns...