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TTT ADR PointsHello dear traders from all over the world! As many of you are already aware, our team has consistently been developing technical weapons that are practical and well-adaptable to the contemporary financial market. This time we have come up with a powerful indicator that aids daily traders by spotting entries with high win-rate and low frequencies (which is good since it sensitively filters out when small amount of uncertainty is detected). We introduce our cutting-edge trading logic, “TTT ADR Points”. Our new indicator shows supports and resistances on the chart and our recent verification and validation tests confirmed relatively high performances. In addition, this can also act as a strong and reliable guideline that signals traders how to react when the market turns out to be against the current position. “TTT ADR Points” has been generated utilizing the fundamental methodology of ‘Pivot Points’ and ‘ADR (Average Daily Range)’. Numerous experiments and back/forward tests has validated that the trading spots provided by this algorithm are quite endurable even when price momentum and volatility are high. Furthermore, traders are likely to close their position at their average entry price even when the market trend and price actions flow unexpectedly. This technical indicator is particularly useful for future commodities such as Nasdaq, Gold, and Crude Oil, rather than Bitcoin and crypto. How to use this indicator? Inner area of the green lines indicates area of support while that of the red lines indicates area of resistance. Traders are to open long position in the green area and short position in the red area. Orange and red lines with small pips can be considered as target prices for profit. (Small range of pips are recommended to be used for targets and stoplosses when using this indicator since this is mainly for daily traders). If the green and red area become narrower, it can be interpreted as a signal to expect more volatility possibly in the next few candles. This logic might not be very preferable for conservative traders and for those with small account. What should we do if the market ignores the supports and resistances? Traders are recommended to set stoploss below the area for exit tactic and re-enter on the very next candle. There is a very high probability that traders can enter one more contract and close their position at average entry price or with profit. This is a beta version. If you want to participate in the beta version for free, please leave a comment below or DM to this account or through our community. Thank you. Your subscriptions, likes, and comments are highly appreciated. 안녕하세요 트레이더 여러분. 토미 트레이딩 팀의 토미입니다. 많은 분들이 이미 알고 계시듯이, 저희 팀은 현대 금융 시장에 실용적이고 잘 적응할 수 있는 지표들을 꾸준히 개발해 왔습니다. 그리고 이번에는 승률이 높고 매매 횟수가 적은 트레이딩을 위한 강력한 지표를 개발했습니다. 이번에 저희가 개발한 기술적 지표, “TTT ADR Points” 를 소개합니다. 저희의 새로운 지표는 차트에 지지와 저항을 보여주며 최근 백/포워드 테스트에서 비교적 높은 성과를 확인했습니다. 비상식적이고 두 눈으로 보고도 믿기지 않을 가격 모멘텀 및 변동성이 난무하는 요즘 21세기 금융시장에서도 높은 확률로 성공적인 거래를 할 수 있고 만약 시장이 반대로 움직이더라도 적어도 본절가/익절가로 트레이딩을 할 수 있는 지표입니다. 'TTT ADR Points’는 Pivot Points(피벗 포인트)와 ADR(Average Daily Range)을 활용하여 강한 지지/ 저항을 나타낸 지표를 개발했습니다. 또한 해당 지표는 비트코인보다 해외선물(나스닥, 골드, 오일 등)을 맞춰 설정되어 있습니다. 해외선물에서 자동 틱 익절 / 손절을 통해 뇌동매매를 방지하실 수 있습니다. 지표 사용법입니다. 초록색 선 안쪽 부분들은 지지 구간이며 빨간색 선 안쪽 부분들은 저항 구간입니다. 초록색 선 안쪽 부분들에서는 공매수 포지션을 잡으셔야 하며 빨간색 부분에서는 공매도 포지션을 잡으셔야 합니다. 이때 익절은 주황색 부분이나 빨간색 부분에서 하시거나 성향에 맞게 틱 단타를 하셔도 됩니다. (저희는 틱 단타를 추천드립니다). 초록색과 빨간색 부분의 사이가 좁아지면 향후 큰 변동성이 온다는 것을 암시합니다. 그러므로 보수적인 분들이시라면 (혹은 증거금이 적으신 분들이시라면), 해당 구간에서는 매매를 하시면 안되겠습니다. 만약 지지 저항을 무시하면 어떻게 대응을 해야할까요? 짧게 손절라인을 가져가시거나 바로 다음 1시간봉 기준 다음캔들에서 1계약을 더 재진입해 본절 또는 익절로 포지션을 마감할 수 있는 확률이 매우 높습니다. 해당 버전은 베타 버전입니다. 무료로 베타버전에 참여하실 분들은 아래 댓글로 텔레그램 아이디를 남겨주시거나 저희 커뮤니티 통해 메세지 주시기 바랍니다. 베타버전이므로 같이 연구하실분들을 모집합니다. 감사합니다. 여러분들의 구독, 좋아요, 댓글은 저희에게 정말 큰 힘이 됩니다^^
Pine Script® indicator
by Tommy_Trader
122
Average Daily Range Fibonacci LevelsThe Average Daily Range is a simple concept, calculated as the difference between daily highs and lows averaged over some period. This indicator uses that range in conjunction with Fibonacci ratios to create zones centered on the day's open that tends to act as areas of support and resistance. The thicker White lines are the ADR levels; all other lines are the same value adjusted by the various Fibonacci values. A simpler version of this concept can be seen in my other script, Average Daily Range Zones, which does not include the Fibonacci ratio zones. Thanks to @Hank Hill for the original idea and TV for the feedback and support on the use of the security() function. Also thanks to @GoldenCross for the Fibonacci obsession.
Pine Script® indicator
by colejustice
24
Graph Reader Pro 3.0Graph Reader Pro 3.0 for TradingView gives you abilities to see the stories hiding in the graphs of the stock, forex, and crypto currency markets. It counts CC59 and creates respectable support and resistance levels as well as marks and reminds you about important parameters that are happening in the graph so that you will not forget to consider them before placing orders. These parameters include: Automatic CC59 counting that compares the close of the right price bar to that of left price bar in a group of 5 consecutive bars (ignoring 3 bars in the middle). If the right bar closed higher, the count positive number would be printed above the bar. If the right bar closed lower, the count negative number would be printed below the bar. Nine consecutive series of up counts will define the lowest price as CC59 support line and nine consecutive series of down counts will define the highest price as CC59 resistance line. The counted numbers, support and resistance lines are automatically printed on the graph if enabled. Draw the high and low levels of the previous day, if enabled. The Previous Day's High and Low are often used as reversal levels in the few future days. Draw the price range of each day based on Average Daily Range (ADR) value. Draw the price range of each week based on Average Weekly Range (AWR) value. Paint the background areas with active Forex trading of Asian, London, and New York sessions, if enabled. Draw simple moving average lines such as SMA3, with ability to change the line color based on increasing or decreasing MACD value. Draw simple moving average lines such as SMA50 with ability to change the line color based on increasing or decreasing prices. A set of other simple moving average lines such as SMA13, SMA200, SMA800 can be drawn if enabled. Draw a ribbon of simple moving average lines consisting of SMA3, SMA4, SMA5, SMA6 and SMA7, if enabled. Twisting of the SMA ribbon gives a visual signal for price reversal. Locate the price gaps in the graphs of stocks and indexes. The opened gaps are often closed later on. Hence, they are milestones for the price to come back and close them up. Locate the pin bars having the body portion less than a specific percent of the range. The pin bars show hestitation for the price to continue the current trend. When a pin bar is covered or engulfed by the next larger bar, a trend reversal offen follows. Automatic printing of the events happening in the graph to remind the readers of parameters under considerations (if enabled) including: - Print "C>SMA3" and "C13" and "SMA5<13" for SMA(5) crossed above and below SMA(13). - Print "Max" and "Min" for local maximum and local minimum bars. - Print "RSI>70" and "RSI<70" for RSI(14) that crossed above 70 % and below 70 %. - Print "RSI<30" and "RSI>30" for RSI(14) that crossed below 30 % and above 30 %. - Print "RSI>50" and "RSI<50" for RSI(14) that crossed above 50 % and below 50 %. - Print "RSI<50" and "RSI>50" for RSI(14) that crossed below 50 % and above 50 %. - Print "MACD>0" and "MACD<0" for MACD(12,26,9) that crossed above and below zero. - Print "MACD>Sig" and "MACD<Sig" for MACD(12,26,9) that crossed above and below their own SMA9. ================================================================================================= The source code of Graph Reader Pro 3.0 custom indicator is protected. Only invited TradingView members can apply this indicator to their forex, crypto currency and stock price graphs. Lifetime invitation is for 100 USD with free future upgrades and online supports. Rental invitation is for 10 USD/month with free future upgrades and online supports. Paypal, Bank transfer and Bitcoin payments are welcome. For more informaton please contact the author (DrGraph or Nimit Chomnawang, PhD) via TradingView private chat or in the comment field below. ================================================================================================= How to install the script: ------------------------------ For normal install, follow these steps: *Go to the bottom of this page and click on "Add to Favorite Scripts". *Open a new chart at and click on the "Indicators" tab. *Click on the "Favorites" tab and choose "Graph Reader Pro 3.0". *Right click anywhere on the graph, choose "Settings". *In "Style" tab, choose the Dark Theme. *In "Scales" tab, select Decimal Places = 1/100000. *In "Background" tab, uncheck "Indicator Arguments" and "Indicator Values". *In "Timezone/Sessions" tab, choose Time Zone = Your local time. *At the bottom of settings window, click on "Template", "Save As...", then name this theme of graph setting for future call up such as "Graph Reader Pro". *Click OK. For free TradingView plan, you can add two more indicators to the chart. That means you may add RSI and MACD indicators with same parameters as those setup in Graph Reader Pro to your graph. DrGraph regularly publishes his educational ideas on using features provided in Graph Reader Pro for profitable investments. You can follow him for how to use the tools in trading stocks, forex, and binary options.
Pine Script® indicator
by nimit.chomnawang
2
Average Daily Range ZonesThe Average Daily Range is a simple concept, calculated as the difference between daily highs and lows averaged over some period. This range is is overlaid and centered on the day's open, and tends to act as areas of support and resistance . This indicator provides two aggregation periods, creating a range that represents volatility in the ADR; a wider spread indicates greater recent volatility , and vice-versa. Thanks to @Hank Hill for the original idea and ToS script this is based on, and TV for the feedback and support on the use of the security() function.
Pine Script® indicator
by colejustice
15
ADR% / ATR / LoD dist. TableDisplays the following values in a table in the upper right corner of the chart: ADR%: Average daily range (in percent). ATR: Average true range (hidden by default). LoD dist.: Distance of current price to low of the day as a percentage of ATR. All values are calculated based on daily bars, no matter what time frame you are currently viewing. Doesn't work for time frames >1D, which is why the table is not shown on weekly/monthly charts. Credit to MikeC / TheScrutiniser and GlinckEastwoot for ADR% formula
Pine Script® indicator
by ArmerSchlucker
20
Position Sizing w/ ADR&ATR TrackingScript to use for position sizing based on portfolio size, max position, and max loss inputs. The option to use custom entry and stop are available, but default to last price for entry, and Low of Day (LoD) for stop. The ATR % is a measure of the low of day to current price as a percentage move. Credit to LonesomeTheBlue for the base code on position sizing and TheScrutiniser/GlinckEastwoot for ADR formula -Nelgoth, best of luck
Pine Script® indicator
by Nelgoth
4
tradershedge Dear Traders, This script will get a smile on most of the pivot and price action traders. My trading skills have drastically improved after learning the concepts of central pivot point, supply and demand and more importantly understanding of the simple candle stick patterns. This is my experiment of decoding the above mentioned concepts to simple trading setups which can be used across any instruments and across any timeframes. The most essential and must skills required in order to achieve profits in trading is to identify the right trend, exact entry and exits, risk management and importantly understanding the market structure along with the traders emotion. Let’s just decipher each of the essential skills along the tools we will be using for analyzing each of the section TREND ANALYSIS Central pivot range ( CPR ) : is used to identify the market structure and the major trend of the instrument you are going to trade. This will help in identifying the mean reversions & trending trade setups in the market. Developing Dynamic Pivots & Future Targets This setup will help us in decoding the closing and opening market sentiment and will help us in planning our trade upfront. This home work in post & pre-market session will increase the odds of the trade in our favor to a great extent. Trend Identification & Dynamic Support & Resistance I have also included the Pivot based exponential moving average (PEMA) to visually identify the current trend and it also shows the current trend by dynamically changing the colors for bull & bear market in the PEMA zone. VALUE AREA We know that the market works on supply and demand and when the price arrives at these zones the market reacts very faithfully. Hence it’s very important for a trader to know in advance where these levels exist before entering the market. This Indicator bridges this gap by showing in advance the future value areas where the price reaction can be expected and trades can be planned accordingly. Hence it can anticipate the market move with a strong logic behind us rather than leaving the trader in surprise. This value area zone will be highlighted in different colors on the chart will be grab your attention and help in planning your trade accordingly. Market Sentiment Each market session is a story in itself which is been scripted by the movements of each candle sticks, hence if we understand the relationship between each candles as it is getting formed we can predicate the future candle stick formation to a great extent. i have coded the indicator triggers which reads the relationship between each candles and shows signals of reversals and also give traders alerts when the price rejection occurs. Various shapes of rejection signs are plotted for bullish and bearish reversals which help in prediction the strength of the price rejection which will help the trader in planning his trade. The various shapes in the order of strength are diamond, square, arrows, and triangle respectively. Entry & Exits The volatility is the key in predicting the market movement. If we identify the trend correctly then all we have to do is set our expectations accordingly for the targets based on the volatility of the instrument. The indicator basically captures the recent volatility for the specified look back period and plots across the possible price movements for the current session. Based on your entry setups you can get a reference of the maximum targets we can expect with the help of the levels the indicator plots. Please do feel free to use the indicator and give your valuable feed backs which will help me in optimizing it to a great extent. I am in the process of optimizing the price triggers to a greater extent and also dynamically plot the possible demand and supply zones in coming future. I would love to thank each of the traders in this TradingView community in helping me improve on my trading skills. Happy Trading !
Pine Script® indicator
by RaviChandran_Rajkumar
69
Institutional PivotsToday I propose a novel idea of plotting pivots, this can be also considered as Value areas/Noise areas. *What is it? Its a simple concept of gauging price action with respect to its most time spent in a particular range, this is usually denoted as Value area in the Market profile concept, where that "most" word is represented by 70% of the price action. *What's different from the Market Profile? Market profile is dependent on real time price movement to complete to see the value area or noise area to plot a static area, there is always a possibility of it shifting as price may move outside of it, and hence its called "developing value area", till of course session is closed and plot is finalized. While that method is solid indication of "actual price profile" development, it lacks when it comes to offering traders a more stable view to enable them to make decisions. And therefor, when traders trade MP they are usually limited by the number of trades they can take. This is the main reason as to why traders prefer to use other methods like Pivots/ORB/Range-breakouts over pure MP charts, even though latter reduces the possibility of wrong estimations of "support/resistance working/holding". *Why the name Institutional Pivots? In my research I've found that these Pivots/Value area/Noise area ranges are often the areas watched by the big players who trade breakouts or mean reversion strategies, so while that name may sound dubiously clickbaity, it is indeed intended to represent an observation. I know how that sounds, but you can choose to ignore it if you do not agree or see good results after using it. After all, its free to use for everyone. *Nomenclature/colors and settings? Noise area/Value area/Central Pivot area - Designated with Yellow labels, in which NU represents the Upper level and ND represents the Lower level Targets - Target calculation mechanism is based on " today's price action" and today's Open, D1 and D2 represent down targets for the day and U1 and U2 represent upper targets. Please note that this is independent of the "Noise area/Value area/Central Pivot area", so overlap of levels is possible. AND if overlap happens, that's an indication of more strength at S/R line/area for the price. One more thing to note here is that if there is formation of the new low or new high in the day, those levels will change as their calculation gets influenced by the same. This is NOT a repaint issue, this is SHIFT/FORMATION OF THE NEW levels and it's an "intended" behavior. Open and POpen - Open represents open of the time-frame selected and POpen represents previous open of the time-frame. Lable's starting with "H" are indicating higher Timeframe levels, levels which are same as above. ATR based targets - When you enable this in settings, you will get target calculation based on ATR (self explanatory) Full ATR mode - When you enable this option, you will get both Noise area as well as targets based on ATR, please don't forgot to turn off the ATR based targets when you enable this, as they conflict with each other. I've not kept lines, area plots or even price levels as I feel it's just noise and takes away from the indicators main focus, please don't ask to add them, I'll not. This is meant as purely educational idea, if you use this to trade, it is at your discretion and responsibility will be yours alone. Past performance is not assurance of the future performance. More example chart/s
Pine Script® indicator
by Pratik_4Clover
7
Liberty Scanner This indicator scans the market for New York session entries based on trend and fibs. The indicator also detects killzones, which are basically supply and demand zones. We like to think of these as areas of which banks are placing their orders. The indicator also gives you the Asian range and how many pips the market has moved for the Asian range, that is what determines whether we are in normal market conditions or not. We also made it to where you can see yesterdays highs and lows, when you understand the market directions then you typically know which swing (high or low) will be broken. The indicator also has an ADR (Average Day Range) feature where it calculates the "average" amount of pips the market moves per day based on the previous 3-10 days of the market volatility. The main thing which gives us signal for entry is the New York session Fibonacci levels in which it automatically scans for the nearest 15 minute swing and it'll give you an entry based off of that. *This indicator in no way is meant to be 100% accurate, please do your own analysis before placing any trades and trade with proper risk, as this market is extremely volatile and risky. Past profits don't guarantee future results* FOR ACCESS: Please send us a private message to gain access to this indicator.
Pine Script® indicator
by NoRiskFX
ADR Metrics/MatrixI didn't see any such idea around for ADR on TV, so decided to do one myself for doing some testing. It's very simple logic, what we are seeing on the chart are ADR and its intraday ranges. These can be S/R, SL, targets, and entries for your trading decisions. Here is an example Please note that this is only for intraday. It's a small and clean code. Past performance is not an assurance of future success. This idea is for educational purposes only. Enjoy~
Pine Script® indicator
by Pratik_4Clover
16
Average Daily Range % | Bigger relative range - better profits.(ENGLISH VERSION BELOW) Die richtige Auswahl von Instrumenten ist essenziell. Wir können nur dann Profite machen, wenn das Instrument sich bewegt. Bekannte Indikatoren wie der ATR (Average True Range) inkludieren hier ebenfalls Kurslücken. Das ist gut, dennoch wollen wir Volatiltät von einem anderen Standpunkt betrachten. Welche Bewegungen sind also vom Hoch zum Tief möglich gewesen? Verständlicherweise können wir diesen Wert einer kleinen Aktie nicht mit TSLA vergleichen. Aus diesem Grund schauen wir uns die Relation zum Preis an. Somit können wir wirklich Äpfel mit Äpfel vergleichen. Je höher der Wert, desto mehr Range (basierend auf der 20 Tage-Historie und dem jeweiligen Preis). Natürlich funktioniert dieser Indikator auch in anderen Asset-Klassen wie Krypto, Forex etc. Wichtig: Wende diesen Indikator im Tageschart an! English version: Stock selection is pretty important. We can only make decent profits if the underlying stock moves. Well-known indicators like the ATR (Average True Range) also include price gaps here. This is good, nevertheless, we want to look at volatility from another point of view. So, which movements were possible from high to low? Understandably, we cannot compare this value with TSLA for a small share. That's why we look at the relation to price. The higher the value, the bigger the range (based on the 20-day history and the respective price). Important: Use this indicator on a daily timeframe! Cheers, WirmachenTrader®
Pine Script® indicator
by WirmachenTrader
4
Market ExtremitiesHere I'm proposing an indicator to measure market extremities, it is different than usually used STDv function and has a much simpler underlying mechanism. However, what you will compromise by it is that it is not going to work efficiently like STDv and you will need to use some form of trend and momentum indicators along with it. Not efficiently doesn't mean not tradable, in fact, this is what I use over STEDv myself to reduce the noise of Bollinger Bands. This indicator is only designed to catch the highs and lows of the market during intraday. It works across all markets and it is surprisingly good at it and has certain predictive nature since the price seems to hang around the extreme lines. Having said that, an astute trader can trade this for both breakouts and mean reversion strategies. For reference here is one chart marked This is for educational purpose only- Past performance is no indicator of future success and author takes no responsibility for the trader's actions. Enjoy~
Pine Script® indicator
by Pratik_4Clover
4
PivotBoss ADR Price TargetsThis script forcasts daily, weekly, Monthly targets well in advance so that you can position yourself accordingly. Script has four target levels such as 50% target level, 75% target level, 100% target level and 125% target level. You can scale out your position across these levels. Price has 80% potential to reach 1st target level, 70% potential to reach 2nd second target level and 50% potential to reach 3rd and 4th target level. The script takes 10 period average daily range and high of the period to project the downside targets, 10 period ADR and low of the peiod to project upsdie target levels. When the price is trades in the narrow range in the prior period then the potehtial to reach 125% target level increase by 90%. This script is purely price based use it with other pivotBoss pivots and volume profile for confirmation of your bias
Pine Script® indicator
by Nanda86
29
Current vs. Average price performance (daily and weekly)This indicator is to be used only by the values it gives back, don't use the lines . In "current week days" choose number of days that already BEGAN this week (ex. on Wednesday type 3) Green1 - Current Daily Range Orange1 - Average Daily Range Green2 - Current Weekly Range Red1 - Average Weekly Range Orange2 - Today's price movement compared to the average daily price movement (in percentage) Red2 - This week price movement compared to the average weekly price movement (in percentage) By these values you can check how price performed today and this week in comparison to the average daily and weekly values - you can check with some probability if the movement is already exhausted or price can do some more action.
Pine Script® indicator
by Grzechu789
Average Daily Range Label by Theoris (ADR)This indy show Label of * Last price * Range of Low - High ( from Average daily range calculation ) * ADR (14 ) default period 14 * value of current range ( pip ) / Average daily range. Example now price is 1499.4 ( 1486.959 - 1510.841 ) --- > This is range calculate from ADR for normal range. ADR(14) 58/148.41 meaning use ADR period 14 today run 58 pips from average 14 period is 148.41 pips can change period to other normally I use 10 or 14 Timeframe to use default is Daily
Pine Script® indicator
by theoris
5