This script produces a compiled version of rule based signals that is meant to be used mainly on 5 Min timeframe based on daily(as default) Highs and Lows on average and the main purpose is to give user settings to change and adapt based on their needs and make it as adjustable as possible. This entry strategy idea does not belong to me but for TV's in-house rule...
The Daily Range Support & Resistance Levels is an advanced analytical tool designed to assess daily price movements and provide potential support and resistance levels.
This tool examines the average daily price fluctuations over the past 150 trading days, and creates support and resistance levels based on the opening price.
The indicator also considers a...
UNDERSTANDING THE SCRIPT:
* You have the option to choose Daily , Weekly , or Monthly
* This number represents how far back you want the data to pull from
- Example: "250" would represent the past 250 Days, Weeks, or Months depending on what is selected in the Timeframe Resolution
RANGE 1 nth (Gray lines):
This indicator shows how many Average Daily Ranges was covered in today's move.
Average Daily Range is always calculated based on the last 5 previous days (before current day).
► How many % of days exceed their ADR.
► How many days in a row did the range remain lower than 5 Day ADR
► How much is already covered by today's move.
It is designed for...
Multi Range VWAP Pivots turned out to be one of my most accurate pivot indicators to date!
Multi Range VWAP Pivots works by recognizing the high and low of the timeframe selected (D, W, M, 6M, and 12M) and plotting range high to VWAP averages and range low to VWAP averages.
After further examination of each completed range, I came to the conclusion that due to...
Developing Range v1.0
Scalping tool for help finding potentially high probability reactive levels. I suggest using on a 5min chart.
GRAY BAND: yesterday's High-Low range
BLUE BAND: today's Developing Range. Mean of today's High-Low range so far and yesterday's High-Low range, this is calculated for each of...
at first thanks to the one and only Master Educator Stefan Kassing for sharing his legendary system with us!
And also credit to Mortdiggiddy , RootDuk and PineCoders for helping me with the script =)
This script is calculating the daily range (in pips) of the current market you are in, in relation to the last 70 days (10 weeks) .