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Average True Range Percentage (ATRP)What is ATRP? Average True Range Percentage (ATRP) expresses the Average True Range (ATR) indicator as a percentage of a bar’s closing price. How does this indicator work? ATRP is used to measure volatility just as the Average True Range (ATR) indicator is. ATRP allows securities to be compared, where ATR does not. ATR measures volatility at an absolute level, meaning lower priced stock will have lower ATR values than higher price stocks. ATRP displays the indicator as a percentage, to allow for securities trading at different prices per share to be compared. Reference: www.fidelity.com
Pine Script® indicator
by rousanali
1
Weekly Open Percent RangeA simple take on finding percentage gain/drop range in a week for ranging or trending market instrument. This script is hard coded to plot 0 to 3%, -3% range for the week base on instrument weekly open price. Best to use with measured volatility indicator to gauge the movement of price. Anytime the price goes above the range level then it is likely to be trending. Highly volatile instruments will not find this indicator useful. It is best for heavy instruments like Forex or Indices where range % in a week in a non-volatile move is really quite small that these act as resistances and support. Range Levels: 3% 2.5% 2% 1.5% 1% 0.75% 0.5% 0.25% 0% -.25% -.5% -.75% -1% -1.5% -2% -2.5% -3% The next step for this indicator is to consider volatility range of instrument and to include this in the percentage zone levels instead of hard coding these.
Pine Script® indicator
by skintheherd
1
Probability: Bull/Bear Dominance | Ratio | Bar CountIntro What's the probability of the next bar being red? How about green? Well, there are many ways to quantify the probability but I am presenting just one stupidly simple (but generally accurate) way to measure it. Strangely... no one has done this before that I can find. I try to check if someone else has done it first (Pro Tip: Plz do this. We honestly don't need the 5 trillionth "MTF MAs" script.) Indicator Its a basic counting script, but the nice thing about this script is you choose the time range. It starts counting from a specified point of your choosing. It counts up the bull bars and bear bars separately. Bull Bar = Close > Open Bear Bar = Open > Close You can look at them in sum or as a ratio of Green Bars : Red Bars I know, it's almost too simple. But, here's some interesting food for thought from a layman to fellow laymen. Analysis/Edge Between the time of candle open and candle close, the price can do one of three things, close higher, close lower, or close equal to. 'Equal to' is rare on higher timeframes in liquid markets and it provides no useful information. Thus, we'll nix it for purposes of this conversation. So boil it down. The next candle is going to be a red candle or a green candle. It is popular to refer to the general probability of most candles as 50/50, with trader's mission in life being to seek an edge that tilts the probabilities slightly in their favor. The truth is the odds are probably never actually 50/50, but knowing the precisely correct probability is unknowable, just like the accuracy of a weather forecast is inherently unknowable. What we're trying to do as traders is develop systems that give us predictive probabilistic outcomes that correspond with future realities based on various ways of measuring the market (most often heavily dependent on the past). The reality is that the market can be measured in many, many different ways. The important thing is that you measure it in a way that is accurate, relevant, and universally applicable. So look at this indicator here: You start from a point in time on a chosen timeframe and you put red bars in the red column, green in the green column, and count them all up. Then you make a ratio, in this case, Green : Red. What the ratio shows you is the percentage of green bars compared to red bars . At the time of this screenshot, the 4h on the SPX starting from the 2020 bottom is showing a ratio of 1.2. This means there have been 20% more green bars than there have been red bars. Now there are 1,000 directions you can take this discussion. What is the overall volatility picture, the size of the red bars vs the green bars, what happens if you miss out on the 5 biggest green bars... so many more variables that you would need to take into account to develop a true edge from this idea. But, the bottom line fact (which is what I like about this) is that we can take this data and say with a certain level of confidence that on the SPX you have a 20% better shot at making money (otherwise stated there's a 60/40 chance) if you open a LONG trade at the beginning of a 4h candle than if you open a short. That's useful information. One could argue that it's not a complete strategy in and of itself (although I bet it could be with a couple of additional parameters). But I can tell you, based on the 4h candles in the 2020 rally if you open a short, the deck is stacked against you from this perspective. And we can actually somewhat demonstrate this to be true for our dataset because we can look at the price history and see who likely made more money. The SPX is up 1000pts off the bottom. So, thus far, for this dataset, it rings true; Bulls have been doing way better in the latter part of 2020 than the bears. Conclusion Predictive systems with a small number of variables tend to be more robust than a system with many variables when applied to a complex system. I may keep updating this script if people like it and determine aspects like population vs sample size, confidence intervals, volatility, and exclusion of outliers. For now, this is just an opening foray into the basic idea of how we can establish an edge in the markets. It really can be this simple. Thanks for Reading.
Pine Script® indicator
by kurtsmock
9
@Unwind Pressure Detector - AUDITED v3.0SQUEEZE → UNWIND PRESSURE DETECTOR v3.0 The first indicator that not only finds oversold squeezes… but tells you exactly when the move is exhausting and it’s time to take profits. Fully audited, clean Pine Script v6, zero repainting, zero lag tricks. WHAT IT DOES • Detects high-probability squeeze setups (RSI + Volume + VIX + Trend confluence) • Scores pressure from 0–115 with dynamic sensitivity (Low to Extreme) • Identifies CRITICAL zones where explosive moves are most likely • Most importantly → flags the UNWIND when trapped shorts are finally covering and the rally is running out of fuel (perfect profit-taking signal) FEATURES • Real-time pressure dashboard (top-right) • Color-coded background zones (Critical = red, High = orange) • Smart anti-spam labels with ATR offset • Three alert conditions: → Squeeze Setup → Critical Squeeze → Unwind / Take Profit • Works on all markets & timeframes (stocks, forex, crypto, futures) WHY THIS VERSION IS DIFFERENT - v3.0 completely rewrote the unwind logic (now requires rally + sharp pressure drop) - No false unwinds during strong trends - Built for real trading, not just pretty screenshots 100% Open Source • Fully commented • Free to modify & rep, I want this in the public library forever. Created with love for the TradingView community Drop a ♥ and follow if you find it useful! #squeeze #ttmsqueeze #unwind #volatility #vix #takeprofits #smartmoney
Pine Script® indicator
by Timmy741
Compression Breakout [30min 65+33 EMA]Compression Breakout by GhostMMXM (inspired by Chris Cady & Steidlmayer Market Profile principles) This indicator automates the exact compression-to-displacement setup that veteran CBOT floor trader and Market Profile pioneer Chris Cady describes in interviews and his work with Peter Steidlmayer. Core idea Chris Cady uses two simple moving averages on the 30-minute chart — a 33-period and a 65-period — to visually detect when the market falls into “balance” (compression). When both lines go almost perfectly flat for several bars, the market is in a low-volatility, high-consensus state — the calm before a violent vertical breakout. What this script does • Detects when both the 33 EMA and 65 EMA are virtually flat (user-adjustable sensitivity) • Requires a minimum of 6 consecutive flat bars (adjustable) before declaring compression • Draws a light-grey background + live-updating box showing the detecting compression • Triggers only on the first strong displacing bar that: – closes entirely above the compression high OR entirely below the compression low – has a range ≥ 1.5× the average bar range inside the compression zone (adjustable) • Plots a clear “LONG Cady Break” or “SHORT Cady Break” label on the breakout bar • Fires a clean alert instantly usable on entire watchlists: BTC → Compression LONG breakout! ES1! → Compression SHORT breakout! Designed for 30-minute charts (BTC, ETH, SOL, NQ, CL, GC, etc.) but works on any timeframe. Perfect for traders who want to catch the highest-conviction vertical moves that Chris Cady has traded for decades with only a few contracts scaled in aggressively on the break. Settings • Minimum flat bars for compression (default 6) • Max % slope to be considered flat (default 0.08 %) • Minimum range multiplier vs compression average (default 1.5×) Enjoy the cleanest, most mechanical version of Chris Cady’s famous compression breakout strategy available on TradingView. Happy trading!
Pine Script® indicator
by SOROS886ix
VIX Fix Indicator (Hestla 2015)This script provides a streamlined version of the VIX Fix, referencing the foundational work of Larry Williams and the strategies of Amber Hestla. It serves as a synthetic volatility gauge for assets that lack a dedicated VIX index. The math works by measuring the percentage drop from the highest recent close to the current low, essentially quantifying fear in the market without needing options data. This specific script is designed to be purely visual. I have removed all the buy and sell labels found in other versions to leave a clean pane that plots only the oscillator and its moving average. You can use this to identify potential market bottoms when the black line spikes significantly, signaling that selling pressure is reaching a mathematical extreme relative to the recent trend.
Pine Script® indicator
by suresh789
Accurate ATR Stop Loss Distance — Risk Management ToolAccurate ATR Stop Loss Distance — Risk Management Tool This indicator calculates an accurate Stop Loss distance in pips using the Average True Range (ATR) multiplied by a user-defined multiplier. It automatically detects the correct pip size based on the instrument type (Forex, Crypto, Stocks, Indices, Futures), adjusting for 2-, 3-, 4-, or 5-digit quotes — ensuring professional-grade precision that matches institutional ATR-based risk systems. 📊 Features: Uses ATR × Multiplier to determine precise SL distance in pips. Automatically adjusts pip value depending on the asset type (handles 5-digit Forex brokers). Clean and minimal design — displays only one info box in the top-right corner. Fully customizable text and background colors. Includes alert condition for automated SL updates. ⚙️ How to use: Set your preferred ATR period and multiplier. The indicator instantly displays your Stop Loss distance in pips at the top-right of the chart. Combine with your entry strategy to calculate lot size or risk per trade. 💡 Ideal for traders who want consistent, objective SL distances derived from volatility rather than arbitrary points or emotions. Note: Educational and informational tool only. Does not execute trades or give financial advice.
Pine Script® indicator
by AleNewTrade
Clarix Trailing MasterClarix Trailing Master Advanced Manual Entry Trailing Stop Strategy Purpose : Clarix Trailing Master is designed to give traders precise control over trade exits with a customizable trailing stop system. It combines manual entry inputs with dynamic and static trailing stop options, empowering users to protect profits while minimizing premature stop-outs. How It Works: You manually input your trade entry price and specify the trade direction (Long or Short). The strategy activates the trailing stop only after the price moves favorably by a configurable profit threshold. This helps avoid early stop losses during initial market noise. You can choose between a dynamic trailing stop based on Average True Range (ATR) or a fixed static trailing distance. The ATR can also be computed on a higher timeframe for enhanced stability. Once active, the trailing stop updates live with price movements, ensuring your gains are locked in progressively. If the price crosses the trailing stop, a clear alert triggers, and the stop-hit status displays visually on the chart. Key Features: Manual entry with exact price and timestamp input for precise trade tracking. Supports both Long and Short trades. Choice between dynamic ATR-based trailing or static trailing stops. Configurable profit threshold before trailing stop activation to avoid early exits. Visual markers for entry and stop-hit points (yellow and red respectively). Live dashboard displaying entry details, trade status, trailing mode, and current stop level. Works on all asset classes and timeframes, adaptable to various trading styles. Built-in audio alert notifies you immediately when the trailing stop is hit. Usage Tips: Adjust the profit threshold and ATR settings based on your asset’s volatility and timeframe. For example, use higher ATR multipliers for more volatile markets like crypto. Consider using higher timeframe ATR values for smoother trailing stops in fast-moving markets. Ideal for swing trading or position trading where precise stop management is crucial. Always backtest and paper trade before applying to live markets.
Pine Script® indicator
by Maryam_Alghamdi
Movement WatcherMovement Watcher – Intraday Price Change Alert This indicator tracks the percentage price movement of a selected symbol (e.g., VIX) from a configurable start time. If the intraday movement crosses a defined threshold (up or down), it triggers a one-time alert per day. Key Features: Monitors intraday % change from the specified start time. Triggers one-time alerts for upper or lower threshold crossings. Optional end time for monitoring period. Visual plots and alert markers. Useful for automated trading via webhook integrations. This script was designed to work with automated trading tools such as the Trading Automation Toolbox. You can use it to generate alerts based on intraday volatility and route them via webhook for automated strategies.
Pine Script® indicator
by alioska777
pips barThis indicator displays a line (pips bar) of lengths corresponding to the set number of pips on the chart. This pips bar serves as a reference for assessing the volatility of the displayed chart. One pip for currency pairs is distinguished for JPY pairs and for others. The horizontal position of the pips bar is offset to the right of the latest bar by the specified bar amount, and the vertical position can be selected from Top, Middle, or Bottom, calculated using the maximum and minimum values visible on the chart.
Pine Script® indicator
by Swingbird
6
Concept Probability ConeThe Concept Probability Cone is a mathematical indicator designed to demonstrate the potential price range of an asset based on its historical volatility and statistical probabilities. Unlike most publicly available probability cone scripts, which often contain inaccuracies and oversimplifications, this tool is developed with a strong focus on precision and accuracy. It is important to note, however, that the Concept Probability Cone is currently in its initial stage, and further improvements and refinements may be introduced over time. One significant difference between the Concept Probability Cone and other publicly available scripts is the incorporation of inverse Cumulative Distribution Functions (CDFs) in its calculations. Inverse CDFs are used to map a random variable's probability distribution to its corresponding quantile, which helps in determining the asset's price boundaries with a higher level of precision. This key feature sets the Concept Probability Cone apart from other tools, addressing the flaws found in many existing probability cone scripts. This is a proof of concept indicator. Users are encouraged to play around with the tool, explore its features, and gain a deeper understanding of the statistical principles it demonstrates.
Pine Script® indicator
by QallianceTech
1
BBFIB Regular /Intraday Bollinger Bands and Fibonacci Levels Indicator displays Fibonacci levels for Intraday and Regular ( for given number of bars) for Bollinger Bands and for Highest and Lowest levels on Chart . The indicator facilitates to switch over to following options by checking the relevant Check Boxes like Regular and Fibonacci or Regular and Bollinger Bands or Intraday and Fibonacci or Intraday and Bollinger Band. Default is Regular and Fibonacci for Length of 20 bars . Regular/Intraday  Regular  Intraday Fibonacci/Bollinger Bands  Fibonacci  Bollinger Bands Default multiplier for Bollinger Bands is 2 and Moving Average is SMA 20. Default Length of Bars for General Moving Average is SMA 20. User is provided with options to Input number of bars under Regular option for Bollinger Bands Moving Average and Fibonacci Levels for highest and lowest levels. For Intraday the script automatically updates the Length base from Day open .Input option is provided for Length of General Moving Average. User is provided with the following Oscillation input options; Regular:SMA,EMA,WMA ,VWMA Intraday:SMA,WMA ,VWMA General Moving Average:SMA,EMA,WMA, VWMA The indicator helps the User to monitor level of volatility and the position of Price with relevance to Fibonacci levels for Intraday/Regular bars. DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment.
Pine Script® indicator
by avsr90
ADR + IDR [vnhilton]Average Day Range (ADR) is an indicator that calculates the average range of high to low of the candles for a set period of time. This is more useful for intraday trading, where, on an average day, you'd expect price to trade in a range similar to the ADR. This indicator also includes an Intraday Day Range (IDR), which can be used to track progress of the intraday range. By default, IDR is in multiplier form i.e. if it's 2, then the day has traded at a range twice as large as the ADR (you have the option to change IDR to price form if you wish). Therefore, IDR can also be used to measure intraday volatility (as well as taking profit & perhaps fading false breakouts when IDR is at 1x, 1.5x, 2x, etc.) by seeing if today is above/below/at average. This means that this indicator is intended for intraday use, but can be used up to the daily timeframe. (ADR & IDR values can be seen in the top left) The indicator also plots intraday high & low levels so when price trades near these levels then the indicator can become of use (if price trades far away from these levels, then you don't need to pay any attention to the indicator). We can see in the chart snapshot image above for BTCUSDT, its 10 period ADR is 1149.37, & IDR is 0.52 (just over 50% of the ADR) as of 21:40 BST, meaning that BTCUSDT price range today is lower than average. You may notice that the intraday high & low isn't touching the intraday high & low lines respectively on instruments that isn't cryptocurrencies nor forex pairs. To solve this problem, you would have to get extra market data from TradingView, or to integrate your broker with TradingView to pass along your broker's data feed (provided your broker also has real-time data - if not you may need to get extra market data via the broker.
Pine Script® indicator
by vnhilton
25
Fib DragonsCreates bands based on Fibonacci golden ratio numbers and EMA w/ATR This allows for a faster reaction and significantly less lag than SMA w/ATR EMA is set to 34 - Recommend range by taste 21, 34, 55, 62 ART is set to 13 - Recommend 13 or 21 Fib Bands are set to 1.618, 2.618, 3.618 however you can set to what works for you. I recommend keeping them at the golden ratios. Based on indicator by rstraat How to trade - Same rules apply - Best to use in ranging market conditions - Place on two different time frames such as the 15 min. and 60 min for intraday trading - Take trades off either short or long term chart. - Best trades occur when both charts show same trigger/condition. - Trades are short term reversals in direction of major trend on longer term chart unless you expect a trend reversal. - Determine which band is the limiting band for the volatility of the instrument. - When the market closes outside of the limiting band then returns inside, take a long/short one tick above/below the high/low of the previous bar. - Place stop below/above the low/high of the the recent swing low/high. - Set targets at opposite band of chart Use any oscillator you favor or see fit with this indicator or any other strategies that work for you.
Pine Script® indicator
by IDPETrader
3