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...
Once market opens, the strategy calculates the price to send a stop buy order
The order is calculated as the sum of yesterday's range multiplied by a special number and today's open price
System has no stops yet
System closes the position on session close
The performance is quite good
Feel free to use it and trade it
Good luck and good trading
TRI - The Range Indicator by Jack Weinberg
Developed by Jack Weinberg, Range indicator compares intraday range with inter-day range
Intraday range is bar’s (high – low) and inter-day range is (Close – Close-1)
Author had a strong belief that crossing of intraday range outside the inter-day range is an indication of end of current trend
It oscillates between 0...
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).
It is used for a...
Example how to automatically set the date range window to be backtested from X days or weeks ago to present. Additional options are also included to manually set the date range or to show entire range available.
Normally when you change chart period it changes the number of days being backtested, which means as you increase the chart period (for example from 5min...
Website will be opening very shortly :) Sorting out the last details and we're so excited to finally roll-out our different Algorithm Builders for you guys
This present script is an evolution of the TMA bands. I would never have expected that script to become so popular to be honest
This is not only a study or idea but a really proven...
This is a labelling module based on a range filter. Notice that the trick here is to use fibonachi numbers. Use smaller range multiplier for higher TFs. This module may serve as a signal generator to be passed through a signal filter.
Quote from the original author:
This is an experimental study designed to filter out minor price action for a clearer view of...
SMA 200 determines the trend
Bullish trend, green candles. Down trend, red candles.
If the market value is narrow to the SMA200 channel, yellow candles.
Setting recommended for SMA Range
BTCUSD = 100
EURUSD = 1000
SPX = 100
ETHUSD = 10
Script for automatic trading with Alerts.
LG --> Long (green: not confirmed) (lime: confirmed)
ST --> Short (maroon: not confirmed) (red: confirmed)
TS --> Trailing Stop
xL --> Close Long Position
xS --> Close Short Position
SL --> Stop Loss
The trailing stop closes the trade if the price changes direction by a specified percentage or offset. There is no...
This tool takes a "RANGE" chart and transforms it into "NORMAL" or "HEIKEN-ASHI" candles.
Instantly giving you a much better visual interpretation of the "range" information!!!
NOTE: due to the nature of Pinescript and how range charts are constructed it's possible the candles are not formed on every tick!!!
When formed though, they don't repaint and are...