An indicator inspired by the Renko chart.Instead of using a static box size we use standard deviation, this make the indicator more reactive to the market state. If the indicator show no values then you have to round the price to the nearest integer, for that use the round parameter. Hope you enjoy :)
This latest editon in the series of -=The Script=- The pre-weighted values are optimized for crypto and this one uses a custom indicator: • Heartbeat Indicator The settings for this strategie use: • Chart Period • Strategy Period • Signal Lenght • Aggressiveness DISCLAIMER: The creators of these script are not financial advisors, and as...
Corrected Relative Volatility Index. This indicator was originally developed by Donald Dorsey (Stocks & Commodities V.11:6 (253-256): The Relative Volatility Index). The indicator was revised by Dorsey in 1995 (Stocks & Commodities V.13:09 (388-391): Refining the Relative Volatility Index). I suggest the refined RVI with optional settings. If you disabled...
Excelente indicador a mi parecer, bastante complejo pero muy bien acoplado; dejo aquí las fuentes para aprender a utilizarlo: www.x-trader.net www.x-trader.net www.x-trader.net www.x-trader.net
Welcome to the second version of the BBLathe! This shows Bollinger Bands centered on a horizontal basis, to make it easier to see how volatility is changing and identify squeeze opportunities. By default Bollinger bands are calculated using an exponential moving average and an improved higher precision stdev implementation, but this can be disabled. Version 2...
I was curious to see what Pine uses to accumulate numbers. It looks like it uses the simple "add em up" approach, rather than a compensated summation. This means that especially for large numbers, there is an inherent error amount. This script implements the Kahan Summation Algorithm, also known as compensated summation. en.wikipedia.org This is part 2 of my...
While trying to figure out how to make the STDEV function use an exponential moving average instead of simple moving average , I discovered the builtin function doesn't really use either. Check it out, it's amazing how different the two-pass algorithm is from the builtin! Eventually I reverse-engineered and discovered that STDEV uses the Naiive algorithm and...
This strategy combines the idea of a bullish or bearish candle engulfing coupled with standard deviation (a 100% increase or a 50% decrease). The exit condition is placed if the percentage increase is achieved or 35<rsi<65. The strategy requires refinement so please test the script and let know what can be incorporated to improve the efficiency.
The same as my previous Exponential Bollinger Bands script, but now you can set a desired offset for the indicator. I have published this as a new script that way those who prefer the old script can continue to use it without seeing any changes.
This is a simple gauge of volatility using the Coefficient of Variation. COV is calculated by dividing standard deviation of price by the expected (average) price. Custom color scheme indicates increases and decreases in volatility, which is indicated when the COV forms new half period highs and lows.
Simulation of Gunbot PingPong strategy useful for fine tuning settings and backtesting. First load the instrument and chart period you are wanting to trade and note the general low and high prices. You will need these for "dialing in" your PingPong Buy and Sell prices once you load the indicator. Defaults are set for current USDT-BTC prices. In Pine Editor ->...
Each bar’s return against a volatility-adjusted baseline, as a standard deviation of the last 20 bars’ returns as per Adam H. Grimes SigmaSpikes(R). adamhgrimes.com www.marketlifetrading.com
Price Change as Standard Deviation Spikes Plots price changes scaled to daily StdDev for the period The Close price change is plotted as a thick bar coloured green for up close, red for down close The High price change is plotted as a thin bar coloured aqua The Low price change is plotted as a thin bar coloured orange Can be used to understand the statistical...
This is a price volatility compression and expansion indicator that uses the ratio of the Bollinger Band and Keltner Ratio. Red segments indicate extreme price volatility compression that can be ideal entry points for stock/futures/forex and/or options positions. Aqua segments indicate price volatility is expanding. Blue segments indicate price volatility is...
DISCLAIMER: The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE...