This script is only the fact that the fractals are set according to my Dow Factor RSI .
Bar color and background change where risk factor is high.
You can turn it off or on from the menu.
I'm not licensing because "fractal support and resistances" are not my own codes.
The rest are my own products.
For more information about the Dow Factor...
Risk assessment is a general term used in many industries to determine the likelihood of losing an asset, loan, or investment. Risk assessment is important in determining how profitable a particular investment is and which techniques are best for risk mitigation. It shows the upward reward versus the risk profile. Risk assessment is important...
This is a simple script to assist you in manual backtesting! Perfect for the NNFX crowd or anyone that enjoys manual backtesting.
1. Slap this bad boy on your chart.
2. Adjust period and multiplier (defaults are 14 period and 1.5x).
3. Put on the indicator/system you are testing.
4. Enter bar replay mode.
5. Drag your long/short position take profit and...
The Trend Risk Indicator is a simple bands indicator made of 2 custom averages of candlesticks ranges calculated within the variable “ BandBars ” period.
Upper and lower channel bands width can be adjusted with the “ Deviation ” variable, which act as a simple factor to enlarge the spread between them.
When Close crosses over the upper band, it is a bearish...
In fact, I wrote this script for detect Bollinger and Linear Regression Bands squeeze.
It's a side script.
Logic works like this:
Only the stagnant market probability is drawn from the Bollinger bandwidth by Dependent Variable Odd Generator and MFI index is calculated taking into account the volume.
This value ranges from 0 to 100.
To be sure, this value is...
Heisenberg's Uncertainty Bands:
This is a volatility indicator to determine and visualize the uncertainty in a securities' price.
In quantum mechanics, the uncertainty principle (also known as Heisenberg's uncertainty principle) is any of a variety of mathematical inequalities asserting a fundamental limit to the accuracy with which the values for certain pairs...
There are plenty of indicators that aim to measure the volatility (degree of variation) in the price of an instrument, the most well known being the average true range and the rolling standard deviation. Volatility indicators form the key components of most bands and trailing stops indicators, but can also be used to normalize oscillators, they are therefore...
This indicator helps you defining your max sizing, depending on the max $$$ amount you're willing to risk against a specific exponential moving average (or VWAP, default is the 13ema).
You can define your max risk amount and your max allowed sizing. The indicator would suggest the best sizing in order to risk only up to the amount you are comfortable with on a...
A simple yet configurable indicator that shows recent traffic volumes.
The time period is specified as weeks/days/hours/minutes, not as bars.
Set the volume period to non-zero if you want to use a generalized double EMA instead of plain.
The "ratio" option will show the size of the current volume compared to the average volume as computed for the specified time...
Annualised Price Volatility in percent, also called Instrument Risk, as outlined by Rob Carver in his excellent books, 'Systematic Trading' and 'Leveraged Trading'.
This is written for those who have read one of his books and want to use this tool on TradingView.
Trend strength, oscillators, and volume indicators are all the rage. Finding a great setup is, of...
Will simulate a series of percent based stop losses being triggered in a row if you risked x% of capital per trade.
Also simulates what the capital outcome would be if you were in a leveraged position.
Default settings simulate the use of $3000 starting capital balance , 1% Risk per trade and 5 Losing trades in a row with no leverage...