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Bands and Channels

ATR Clouds*Updated with Version 5* ATR Clouds The "ATR Clouds" indicator provides a visual representation of the stock's volatility based on the Average True Range (ATR) calculation. It operates by plotting two bands around the closing price of a stock, using the ATR as a measure of volatility. Features: ATR Calculation: The Average True Range is a commonly used metric to understand the volatility of an asset. The indicator calculates the ATR over a user-defined period, with the default being 14 periods. ATR Bands: Using the ATR value, the script defines two bands: Upper Band: This is calculated by adding the ATR value to the closing price of the stock. It represents a higher volatility boundary. Lower Band: This is derived by subtracting the ATR value from the closing price. It indicates a lower volatility boundary. Cloud Visualization: The space between the upper and lower bands is shaded to create a "cloud" on the chart. This cloud gives traders a clear visual cue of the stock's current volatility range. The cloud has an 80% transparency, allowing the underlying price chart to remain visible. Customization: Users have the ability to adjust the period for the ATR calculation based on their preferences. Usage: Traders can use the ATR Clouds indicator to get a sense of the stock's volatility. Wider clouds indicate periods of higher volatility, while narrower clouds suggest lower volatility. This can be beneficial for se
Pine Script® indicator
by Logical_Badger
Kviatek - Multi Hour VWAPThis is an experimental script, that plots 24 VWAPs, each starting at a new hour and lasting for 24hours. After using session anchored VWAPs i kept wondering if the price reacts to VWAPs that begin at periods lower than sessions. Color of each VWAP changes upon crossovers of the following VWAP, giving us an understanding of trends and whether we're trading with the trend or against it. By the nature of the script I recommend using it on low timeframes, 5 and 15-minute ones ideally.
Pine Script® indicator
by hundredtoamillion
5
KSMT Toolbox - MidTFThis tool allows you to quickly identify the macro and micro trend's direction and enter and exit position at a more favorable price. When the pink lines are angled up you should look for a long position and enter only when the candles are colored green. And when the pink lines are angled down you should look for a short position and enter only when the candles are colored red. This tool is only meant to be a practice tool and should be used to train your eye on candle movements to gain a sense of when you should enter/exit. Practice is what differentiates a good trader and a bad one. #KSMT #KSMT_Armenia
Pine Script® indicator
by KSMT_Armenia
1
[blackcat] L1 Visual Volatility IndicatorHey there! Let's get into the details about dynamic rate indicators, how they work, their importance, usage, and benefits in trading. Dynamic rate indicators are essential in trading as they help traders assess the volatility and risk level of the market, so they can make the right trading strategies and risk management measures. When it comes to the importance of dynamic rate indicators, they provide critical information about market volatility, which is super important for traders. Traders can use this information to understand the risk level of the market, determine market stability and instability, and adjust trading strategies based on volatility changes. Now let's talk about the usage of dynamic rate indicators. They have different usage times for different trading strategies and market environments. Generally, when market volatility is low, traders can take advantage of the opportunity to do trend tracking or oscillating trades. When market volatility is high, traders can take a more conservative approach, such as using stop-loss orders or reducing position sizes. Using dynamic rate indicators can bring several benefits. First, they can help traders evaluate the risk level of the market, so they can develop suitable risk management strategies. Traders can adjust stop-loss and take-profit levels based on changes in volatility to control risk. Second, dynamic rate indicators provide information about market trends and price fluctuations, helping traders make wiser trading decisions. Traders can determine entry and exit points based on the signals of dynamic rate indicators. Lastly, dynamic rate indicators play a significant role in option pricing. Implied volatility helps traders evaluate option prices and market expectations for future volatility, so they can carry out option trades or hedging operations. In conclusion, dynamic rate indicators are essential for traders as they help assess market volatility and risk levels, develop suitable trading strategies and risk management measures, and increase trading success and profitability. Remember that different indicators are suitable for different types of markets, so it is essential to choose the right one for your specific trading needs. This indicator is a powerful tool for traders who want to stay ahead of the market and make informed trading decisions. By analyzing trends in volatility, this indicator can provide valuable insights into market sentiment and help traders identify potential trading opportunities. One of the key advantages of the L1 Visual Volatility Indicator is its ability to adapt to changing market conditions. The channel structure it constructs based on ATR characteristics provides a framework for tracking volatility that can be adjusted to different timeframes and asset classes. This allows traders to customize the indicator to their specific needs and trading style, making it a versatile tool for a wide range of trading strategies. Another advantage of this indicator is its use of gradient colors to differentiate between Bullish and Bearish volatility. This provides a visual representation of market sentiment that can help traders quickly identify potential trading opportunities and make informed decisions. Additionally, the use of Fibonacci's long-term moving average to define the sideways consolidation area provides a reliable framework for identifying key levels of support and resistance, further enhancing the indicator's usefulness in trading. In conclusion, the L1 Visual Volatility Indicator is a powerful tool for traders looking to stay ahead of the market and make informed trading decisions. Its ability to adapt to changing market conditions and use of gradient colors to differentiate between Bullish and Bearish volatility make it a versatile and effective tool for a wide range of trading strategies. By incorporating this indicator into their trading arsenal, traders can gain valuable insights into market sentiment and improve their chances of success in the markets.
Pine Script® indicator
by blackcat1402
5
Kviateq - Session Opening RangesThis indicator plots the opening range for each of the market sessions. Users can chose the length of the opening range, as well as change the time for each of the sessions. This script is based on opening range breakout strategies, which entail taking a long/short depending on which way the price breaks out. To trade it, we wait for the session opening range to print, and then we enter upon a candle close. It's meant to be used on lower timeframes, ideally one hour or lower. It can be used by itself, but it works even better in combination with other indicators, like moving averages. Enjoy
Pine Script® indicator
by hundredtoamillion
[blackcat] L2 Votatility of Williams VixFix Risk AssessmentHey there! I previously wrote an article about the Larry Williams ViX Fix technical indicator. Soon after, friends from the TradingView community told me that this indicator could be combined with the Risk Assessment indicator I wrote about earlier to determine when to go long or short. At the time, I found it a bit cumbersome to use both indicators together, so I came up with a solution: to merge them. This way, we can use one technical indicator to visually see whether we should go long or short. Isn't that cool? The indicator has a very common name: ** L2 Votatility of Williams VixFix Risk Assessment, or VoWVRA for short.** This TradingView Pine Script is a custom indicator based on the Larry Williams ViX Fix technical indicator, designed to help traders with risk assessment and trading decisions. The Larry Williams ViX Fix indicator is derived from the volatility of the S&P 500 index and is mainly used to display changes in current market sentiment. The indicator determines market volatility by calculating the distance between the highest price, the lowest price, and the closing price. The higher the value of the indicator, the more tense the market sentiment, and the higher the market volatility; conversely, the lower the value, the more stable the market sentiment and the lower the market volatility. The VoWVRA indicator is based on the Larry Williams ViX Fix indicator, combined with technical indicators such as Bollinger Bands and EMA, to assess market risk. The indicator can be customized with input parameters to suit different markets and investor needs. Using the VoWVRA indicator can help traders make wiser choices in risk control and trading decisions. In addition, this TradingView Pine Script also includes a risk assessment indicator. The indicator calculates a series of values and then applies the exponential moving average (EMA) to the percentage change between the closing price and the highest and lowest prices within a certain range to determine the safety level. The safety level is then compared to different thresholds to determine the market's risk level. The risk assessment indicator can be customized with input parameters such as risk length, safety length, and EMA length to suit different market conditions and investor preferences. Using the risk assessment indicator can help traders make wiser decisions in risk management and trading strategies. By using the VoWVRA and risk assessment indicators, traders can more accurately assess market risk and make wiser choices in trading decisions.
Pine Script® indicator
by blackcat1402
3
Regression Line (Log)This indicator is based on the "Linear Regression Channel (Log)," which, in turn, is derived from TradingView's "Linear Regression Channel." The "Regression Line (Log)" indicator is a valuable tool for traders and investors seeking to gain insights into long-term market trends. This indicator is personally favored for its ability to provide a comprehensive view of price movements over extended periods. It offers a unique perspective compared to traditional linear regression lines and moving averages, making it a valuable addition to the toolkit of experienced traders and investors. Indicator Parameters: Before delving into the details, it's worth noting that the chosen number of periods (2870) is a personal preference. This specific value is utilized for the S&P 500 index due to its alignment with various theories regarding the beginning of the modern economic era in the stock market. Different analysts propose different starting points, such as the 1950s, 1970s, or 1980s. However, users are encouraged to adjust this parameter to suit their specific needs and trading strategies. How It Works: The "Regression Line (Log)" indicator operates by transforming the closing price data into a logarithmic scale. This transformation can make the linear regression more suitable for data with exponential trends or rapid growth. Here's a breakdown of its functioning and why it can be advantageous for long-term trend analysis: 1. Logarithmic Transformation : The indicator begins by applying a logarithmic transformation to the closing price. This transformation helps capture price movements proportionally, making it especially useful for assets that exhibit exponential or rapid growth. This transformation can render linear regression more suitable for data with exponential or fast-paced trends. 2. Linear Regression on Log Scale : After the logarithmic transformation, the indicator calculates a linear regression line (lrc) on this log-transformed data. This step provides a smoother representation of long-term trends compared to a linear regression line on a linear scale. 3. Exponential Reversion : To present the results in a more familiar format, the indicator reverts the log-transformed regression line back to a linear scale using the math.exp function. This final output is the "Linear Regression Curve," which can be easily interpreted on standard price charts. Advantages: - Long-Term Trend Clarity : The logarithmic scale better highlights long-term trends and exponential price movements, making it a valuable tool for investors seeking to identify extended trends. - Smoothing Effect : The logarithmic transformation and linear regression on a log scale smooth out price data, reducing noise and providing a clearer view of underlying trends. - Adaptability : The indicator allows traders and investors to customize the number of periods (length) to align with their preferred historical perspective or trading strategy. - Complementary to Other Tools : While not meant to replace other technical indicators, the "Regression Line (Log)" indicator complements traditional linear regression lines and moving averages, offering an alternative perspective for more comprehensive analysis. Conclusion: In summary, the "Regression Line (Log)" indicator is a versatile tool that can enhance your ability to analyze long-term market trends. Its logarithmic transformation provides a unique perspective on price data, particularly suited for assets with exponential growth patterns. While the choice of the number of periods is a personal one, it can be adapted to fit various historical viewpoints. This indicator is best utilized as part of a well-rounded trading strategy, in conjunction with other technical tools, to aid in informed decision-making.
Pine Script® indicator
by Julien_Eche
3
Fibonacci Structure & Trend Channel (Expo)█ Overview The Fibonacci Structure & Trend Channel (Expo) is designed to identify trend direction and potential reversal levels and offer insights into price structure based on Fibonacci ratios. The algorithm plots a Fibonacci channel, making it easier for traders to identify potential retracement points. Additionally, the Fibonacci market structure is plotted to enhance traders' understanding of the underlying order flow. █ How to Use Identify Trends Use the plotted Fibonacci Trend Line to identify the direction of the market trend. A green line typically signifies a bullish trend, while a red line signifies a bearish trend. Retracement Levels The plotted Fibonacci levels can act as potential support or resistance levels. Look for price action signs at these levels for entry or exit points. Channel Trading If you enable the Fibonacci channel, the upper and lower bounds can act as overbought or oversold levels. Market Structure The plotted Fibonacci market structure serves as a valuable tool for dissecting the underlying order flow and gauging the strength or weakness of a trend. By analyzing these structures, traders can identify key levels where supply and demand intersect, which often act as pivotal points for trend reversals or accelerations. This visual representation simplifies complex market dynamics. Whether you're looking to catch a new trend early or seeking confirmation for a potential reversal, understanding the market structure plotted by the Fibonacci ratios can provide actionable insights for various trading strategies. Use the Table The information table can provide quick insights into the current trend and when it started. █ Settings The Fibonacci settings allow traders to specify the Fibonacci retracement levels that will be used to calculate the trend and its channel. The Fibonacci Structure Trend Channel structure settings enable traders to fine-tune how the indicator identifies and plots the underlying price structure. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script® indicator
by Zeiierman
21
Ichimoku MA BandsThis indicator is based on the price average of the Ichimoku Strategy taking into account the last twenty five bars. The blue band represents an upward momentum whereas the white band represents a downward momentum. The red line is the 50 EMA which is used as a dynamic support resistance level for this strategy. This indicator also has alerts that can be enabled by the user. Disclaimer : The current script should be used in confluence with other trading strategies and not in isolation. The scripts works best on 5M and 15M Timeframes and should be used with caution on lower timeframes. This indicator is not intended to give exact entry or exit points for a trade but to provide a general idea of the trend & determine a good range for entering or exiting the trade. Please DYOR Credit & References : This script uses the default technical analysis reference library provided by PineScript (denoted as ta)
Pine Script® indicator
by Degen_Crypto
3
Combined Indicator by rocky vermaThe combined indicator you've provided consists of three different indicator logics. Here's how to use it: 1. **Indicator 1: Trend Trader AVR Strategy** - This indicator is based on the Trend Trader AVR Strategy. - It uses three input parameters: `Length1`, `LengthMA1`, and `Multiplier1`. - The indicator plots a moving average (`nResMA1`) and changes the bar color based on certain conditions. - The conditions for changing the bar color are defined in the `pos1` variable. 2. **Indicator 2: HYE Trend Hunter** - This indicator is based on the HYE Trend Hunter strategy. - It uses various input parameters such as `slowtenkansenPeriod`, `slowkijunsenPeriod`, `fasttenkansenPeriod`, and `fastkijunsenPeriod`. - The logic of this indicator is not fully provided in your code snippet, but it seems to calculate various values related to the HYE Trend Hunter strategy. 3. **Indicator 3: Phenom** - This indicator provides EMA (Exponential Moving Average) lines with different lengths. - It allows you to configure whether to display EMA lines and their colors. - Additionally, it provides options to display stop loss levels based on ATR (Average True Range). To use this combined indicator: - Apply it to a chart in TradingView by copying the entire code snippet and pasting it into the Pine Script editor. - Configure the input parameters for each of the three indicator logics as desired. You can adjust the input values in the indicator's settings panel on the chart. - You can also modify the indicator's appearance by changing the plot colors or turning on/off specific components. - Once you have configured the input parameters and appearance settings to your liking, you can then interpret the signals and information provided by the three indicator logics on the chart. Keep in mind that this is a basic combination of the three indicators you provided, and it may require further customization to meet your specific trading strategy and preferences. Additionally, ensure you thoroughly understand the strategies and conditions used by each of the indicators to make informed trading decisions.
Pine Script® indicator
by chhatrapalv73
1