Larry Williams Volatility Breakout [Jayadev Rana]
WHAT IT IS
A short-term range-expansion signal indicator built on the classic volatility-breakout idea: project a band above and below the bar open at a fraction of the recent range, and treat the first trade through the band as the start of an expansion day. Every BUY and SELL is printed with a stop-loss and a target measured in range units, the levels are drawn as lines until the signal resolves, and every exit is labelled with its result in percent and R-multiples. A status table and a journal table complete the picture.
HOW IT WORKS
1. Reference range. Previous bar range (default), the average range of the last N bars, or an N-bar average true range.
2. Trigger band. Upper trigger = open + k x range; lower trigger = open - k x range (k default 0.5). The band is drawn every bar as circles with shaded zones above and below the open.
3. Signals. BUY when the bar's high reaches the upper trigger; SELL when the low reaches the lower trigger. The entry price is the trigger itself. Optional filters: trade only with the moving-average trend, and require the previous bar to be narrow or an inside bar (compression before expansion).
4. Stop and target. Stop-loss = entry minus (stop multiple x range); target = entry plus (target multiple x range); mirrored for shorts.
5. Exits. The signal closes on the stop, on the target, at the first bar that opens in profit (the bail-out rule, optional) or after a maximum number of bars. Exit labels say which one.
ON THE CHART
Trigger band with shaded zones, optional trend average, diamonds on range-expansion bars (range at least twice the reference), markers on narrow bars when that filter is on, coloured signal bars, BUY / SELL labels with entry, stop and target, entry / stop / target lines with risk and reward fills, exit labels, the status table (range, triggers, filters, open signal, bars held) and the journal table (signals, target and stop hits, win rate, average R, best and worst, open signal R).
INPUTS
Range multiple, reference range mode and N, long and short switches, trend filter and length, narrow-bar filter, stop and target multiples, bail-out, maximum holding bars, display toggles.
ALERTS
BUY, SELL, target hit, stop hit, bail-out or time exit.
INTENDED USE
Daily charts of futures, index CFDs, forex and crypto, and intraday charts of liquid instruments. Short holding periods: the method is about catching the expansion, not riding a trend.
LIMITATIONS
The band is computed from the bar open, so the signal is only known once price has travelled to the band; the printed entry is the band price, which a live order may not get exactly. Statistics in the journal count the signals on the loaded history without costs or sizing. Choppy, low-range markets produce many stop hits. Educational tool, not financial advice.
A short-term range-expansion signal indicator built on the classic volatility-breakout idea: project a band above and below the bar open at a fraction of the recent range, and treat the first trade through the band as the start of an expansion day. Every BUY and SELL is printed with a stop-loss and a target measured in range units, the levels are drawn as lines until the signal resolves, and every exit is labelled with its result in percent and R-multiples. A status table and a journal table complete the picture.
HOW IT WORKS
1. Reference range. Previous bar range (default), the average range of the last N bars, or an N-bar average true range.
2. Trigger band. Upper trigger = open + k x range; lower trigger = open - k x range (k default 0.5). The band is drawn every bar as circles with shaded zones above and below the open.
3. Signals. BUY when the bar's high reaches the upper trigger; SELL when the low reaches the lower trigger. The entry price is the trigger itself. Optional filters: trade only with the moving-average trend, and require the previous bar to be narrow or an inside bar (compression before expansion).
4. Stop and target. Stop-loss = entry minus (stop multiple x range); target = entry plus (target multiple x range); mirrored for shorts.
5. Exits. The signal closes on the stop, on the target, at the first bar that opens in profit (the bail-out rule, optional) or after a maximum number of bars. Exit labels say which one.
ON THE CHART
Trigger band with shaded zones, optional trend average, diamonds on range-expansion bars (range at least twice the reference), markers on narrow bars when that filter is on, coloured signal bars, BUY / SELL labels with entry, stop and target, entry / stop / target lines with risk and reward fills, exit labels, the status table (range, triggers, filters, open signal, bars held) and the journal table (signals, target and stop hits, win rate, average R, best and worst, open signal R).
INPUTS
Range multiple, reference range mode and N, long and short switches, trend filter and length, narrow-bar filter, stop and target multiples, bail-out, maximum holding bars, display toggles.
ALERTS
BUY, SELL, target hit, stop hit, bail-out or time exit.
INTENDED USE
Daily charts of futures, index CFDs, forex and crypto, and intraday charts of liquid instruments. Short holding periods: the method is about catching the expansion, not riding a trend.
LIMITATIONS
The band is computed from the bar open, so the signal is only known once price has travelled to the band; the printed entry is the band price, which a live order may not get exactly. Statistics in the journal count the signals on the loaded history without costs or sizing. Choppy, low-range markets produce many stop hits. Educational tool, not financial advice.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.