This TA is called Keltner Channel Width(KCW). It consists of a black line measuring the percentage difference between the upper and the lower channel and a blue line which is the 20-sma of KCW. Based on true range, KCW can be interpreted in two ways: (1) falling width reflects decreasing volatility and (2) rising width reflects increasing volatility. KCW is a...
Here is a nice little script that highlights areas of volume using standard deviation, you can choose the look back periods. This script is based on the excellent script by: @SteynTrade - I have simplified it a bit and made it readable to my taste using alpha to highlight high volume areas. Enjoy.
B3_HL2MA is a super smoothed mean of medians. This moving average is a great trend switch mechanism with a bit of a knack for showing mean deviation and reversion. If your clouds get to be large, you are probably ripe for taking the profits. Often the MA comes to meet price, so the reversion trade isn't what this indicator is all about. Enter on the cross or turn...
Simple MA's 20 and 50 are averaged to produce a mean MA line. I like the smoothness of it, and it can help you stay in a trade in the slow moving trends. Also if you start to see a large cloud in your favor, it could be a great time take the profits.
B3 Pendulums, quick little indicators that do change print inside the current bar, so beware. It is good for anticipation, but it is important to make sure the current and next bars follow through. Ever wanted an indicator that really points out the micro term action in the form of a pendulum swing? This my attempt to show the market ups and downs in the...
For my second share, I give you some levels I look at everyday for the ES minis. HLC/3 of the MTF (multi-time-frame) inputs = mean and Fib-levels formed as support and resistance zones. There are some websites that will show you 20 ways to figure out a pivot for the day's intraday workings, and this one always rang true for me. I keep it set at Res=D and...
EXPERIMENTAL: Request for GLAZ Functions to handle Mean, Median, Mode Calculation.
GEOMETRIC STANDARD DEVIATION BANDS Ver.1 By Ricardo M Arjona @XeL_Arjona 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...
Using a formula that is generally used for calculating investment over time to check gains on a commodity. Geometric mean as described here: www.investopedia.com
Using a formula that is generally used for calculating investment over time to check gains on a commodity. Geometric mean as described here: www.investopedia.com
150924 - v3.0 This script is a complete rewrite of the previous version here . It gathers market data from up to 8 different Bitcoin exchange pairs (8 is maximum due to script limitations).The influence of each single exchange can be customized individually, default is 50% for 0-fee exchanges, 10% for futures and 100% for all others. For each single exchange a...
Ok, Here we go - Version 1 of TTM Reversion Band goes live. Link to TTM Reversion Band - www.tradethemarkets.com Link to TTM Reversion Band Guide - kb.simplertrading.com John Carters Mastering the trade - www.amazon.com For the amount of information this has, the price tag is not hefty. John's RTM Chapter Synopsis - www.tradethemarkets.com What did I...