[JL] Fractals ATR BlockI decided to combine Fractal ROC , ATR Break, and Order Blocks to an Indicator
The Fractal ROC , ATR Break, and Order Blocks indicator combines three concepts to help traders identify potential trade opportunities and manage risk. By using a combination of Fractal ROC , ATR Break, and Order Blocks, traders can gain a deeper understanding of market dynamics and make more informed trading decisions.
Fractal ROC is a momentum-based indicator that calculates the rate of change of the price between fractals, which are turning points in the market. It is calculated by taking the difference between the closing price and the lowest price in the previous n+1 periods, and dividing it by the difference between the open price 2n periods ago and the lowest price in the previous n+1 periods. This calculation is done for both up and down fractals. When the Fractal ROC value is greater than the ROC Break Level (as determined by the input variable roclevel), it indicates a potential momentum shift in the market. This can be used to identify potential trade entries or exits, depending on your trading strategy.
ATR Break is an indicator that helps traders identify significant price movements in the market. It measures the distance between the price and the Average True Range (ATR), which is a measure of the volatility of the market. ATR Break is calculated by taking the difference between the close and high/low, and dividing it by the previous ATR value. This calculation is done for both up and down movements. When the ATR Break value is greater than the ATR Break Level (as determined by the input variable atrlevel), it indicates a significant move in the market. This can be used to identify potential breakouts or breakdowns, and can be used to set stop-loss and take-profit levels.
An Order Block is a price level where significant buying or selling activity has taken place. The order blocks made by ATR Break and Fractal ROC are drawn using boxes on the chart. When the ATR or Fractal ROC level is breached, a box is drawn with the high and low of the candle that breached the level as the top and bottom of the box, respectively. The box is then extended to the right until the end of the chart or until another ATR or Fractal ROC level is breached, at which point a new box is drawn. This allows traders to easily identify significant price movements and potential support and resistance levels on the chart. When an Order Block is identified, it can be used as a potential support or resistance level . If price approaches an Order Block from below, it is likely to bounce off this level and continue in an upward direction. Similarly, if price approaches an Order Block from above, it is likely to bounce off this level and continue in a downward direction. Traders can use these levels to identify potential trade entries or exits, as well as to set stop-loss and take-profit levels.
Overall, the Fractal ROC , ATR Break, and Order Blocks indicator is a powerful tool for traders who want to identify potential trade opportunities and manage risk. By combining these three concepts, traders can gain a deeper understanding of market dynamics and make more informed trading decisions. As with any indicator, it is important to use it in conjunction with other analysis tools and to have a clear trading plan in place. Gösterge
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Profitunity - Beginner [TC]This indicator aggregates the knowledges of the first level of the Trading Chaos approach by Bill Williams. It uses the Market Facilitation Index (MFI) in conjunction with the type of bar(candle) to generate strong long and strong short signals.
General information
Bars numeration
All bars or candles could be numbered with the following algorithm. If we divide the candle for 3 equal parts from high to low. The highest third have the number 1, the middle one - 2, the lowest one - 3. Hence we can define the first number as the number of the third where the price opened, second - where the price closed. For example, if the price opened at the highest third and closed at the lowest one this candle has the number 13.
Trend defining
Also candles could be divided into three groups according to the trend condition: uptrend, downtrend, sideways. If the middle of the candle's trading range is above the high of the previous candle - it's uptrend candle, if below the low of the previous candle - it's downtrend candle, sideways in other candles.
Profitunity windows
According to Bill Williams MFI has 4 windows - fake, green, fade and squat. I am not going to describe here the methodology of MFI, but one thing you should know that the most valuable windows are green and squat. Green state is an indication of the true move on the market. Squat the sign that the increase in volume have not triggered the trend continuation and reverse is about to happen.
How to use?
You can use this script as the helper in automatic defining the type of candle. Indicator shows only green (green candle color) and squat (red candle color) MFI states. Add script to any timeframe and asset chart to see labels.
The "strong long" label flashes when 3 conditions are met:
1. Squat candle
2. Candle number 13
3. Downtrend candle
"Strong short" label flashes when:
1. Squat candle
2. Candle number 31
3. Uptrend candle
This indicator helps to find the trend reversal points, can be used in conjunction with other TA tools to find the entry points. Gösterge
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Trend & atr day & calcHi!
Why for what and how in this script?
At the time of publication the script consists of three modules, it may increase in the future.
1. Bottom left corner : daytime ATR module
(idea and basis of the author's script - ???)
- The size of the daily ATR based on 14 bars;
- intraday ATR progress;
- colour indication of the progress status, for easier visual perception (green < 70%, yellow 70-90 and red over 90% of ATR)
By evaluating the progress of the daily ATR, it is possible to suggest and expedient to enter/exit/hold a trade.
2. Top right: trend module
The trend is calculated based on Bill Williams' alligator indicator
- trend status on specified timeframes for the current ticker;
- colour indication for visual perception (green - growing trend, yellow - alligator is sleeping, red - downtrend)
Do not forget that the alligator is based on moving averages with the resulting consequences.
Its purpose is to assess the state of the trend on other ticker TFs, without additional actions (switching to another screen or TF)
3. In the bottom left corner - risk and position calculator
(based on an idea of the risk calculator by @andrei.bunulu)
It helps to determine the advisability of entering the trade and also what size position to enter into the trade, within money management strategy chosen.
- The calculator works in two directions: long deal and short deal (short deal calculation is enabled by check-box in settings)
- two calculation methods:
a. based on the set stop loss % (default is 0.3%), in this mode the stop and takeout level is automatically calculated (default is 1 / 3).
b. by entering the desired price levels (entry, stop and take profit points)
To make this work correctly please do not forget to choose the type of calculation (% or price) in the settings, and the currency symbol (for visual representation in the results).
The calculator can take into account the set commissions and spreads.
When hovering over the module - tooltips are displayed.
Each module can be enabled / disabled in the settings.
The size and arrangement of the modules is made for joint use with the script - "Abnormal Bar".
/// а по-русски это так ///
Привет!
Зачем для чего и как в этом скрипте?
На момент публикации скрипт состоит из трех модулей, возможно в будущем увеличится.
1. В левом нижнем углу : модуль дневного ATR
(идея и основа скрипт автора - ???)
- размер дневной ATR на основании 14 баров;
- прогресс ATR внутри дня;
- цветовая индикация состояния прогресса, для более простого визуального восприятия (зеленый < 70%, желтый 70-90 и красный более 90% ATR)
Оценивая прогресс дневного ATR, можно предположить и целесообразности входа / выхода / удержания из сделки.
2. В правом верхнем углу: модуль тренда
Тренд рассчитывается на основе индикатора - аллигатор Билла Вильямса
- состояние тренда на указанных таймфреймах для текущего тикера;
- цветовая индикация для визуального восприятия (зеленый - растущий тренд, желтый - аллигатор спит, красный - нисходящий тренд)
Не забываем, что аллигатор построен на основе скользящих средних с вытекающими последствиями.
Назначение - оценить состояние тренда на других ТФ тикера, без дополнительных действий (переключения на другой экран или ТФ)
3. В нижнем левом углу - калькулятор рисков и позиции
(на основе идеи калькулятора аuthor: @andrei.bunulu)
Помогает определить целесообразность входа в сделку, а также каким размером позиции входить в сделку, в рамках выбранной стратегии мани менеджмента.
- калькулятор работает в два направления: длинная и короткая сделка (расчет по короткой включается в настройках чек-боксом)
- два варианта расчета:
а. на основании установленного % стоп лосса (по-умолчанию 0,3%), при этом режиме происходит автоматический расчет уровня стопа и тейка (по умолчанию 1 / 3).
b. путем ввода данных желаемых уровней цены (точки входа, стопа и тейк профита)
Для корректной работы не забываем в настройках выбирать тип расчета (% или цена), а также символ валюты (для визуального отображения в итогах).
Калькулятор может учитывать установленный размер комиссий и спреда.
При наведении на модуль - отображаются подсказки.
Каждый модуль можно включить / выключить в настройках.
Размер и расположение модулей сделано для совместного использования со скриптом - "Abnormal Bar"
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End-pointed SSA of Williams %R [Loxx]End-pointed SSA of Williams %R is an indicator that runes Williams %R SSA calculation through a Singular Spectrum Analysis (SSA) algorithm to derive a smoother final output. The reduction in noise from the traditional Williams %R is significant.
What is Williams %R?
Williams %R , also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market. The indicator is very similar to the Stochastic oscillator and is used in the same way. It was developed by Larry Williams and it compares a stock’s closing price to the high-low range over a specific period, typically 14 days or periods.
What is Singular Spectrum Analysis ( SSA )?
Singular spectrum analysis ( SSA ) is a technique of time series analysis and forecasting. It combines elements of classical time series analysis, multivariate statistics, multivariate geometry, dynamical systems and signal processing. SSA aims at decomposing the original series into a sum of a small number of interpretable components such as a slowly varying trend, oscillatory components and a ‘structureless’ noise. It is based on the singular value decomposition ( SVD ) of a specific matrix constructed upon the time series. Neither a parametric model nor stationarity-type conditions have to be assumed for the time series. This makes SSA a model-free method and hence enables SSA to have a very wide range of applicability.
For our purposes here, we are only concerned with the "Caterpillar" SSA . This methodology was developed in the former Soviet Union independently (the ‘iron curtain effect’) of the mainstream SSA . The main difference between the main-stream SSA and the "Caterpillar" SSA is not in the algorithmic details but rather in the assumptions and in the emphasis in the study of SSA properties. To apply the mainstream SSA , one often needs to assume some kind of stationarity of the time series and think in terms of the "signal plus noise" model (where the noise is often assumed to be ‘red’). In the "Caterpillar" SSA , the main methodological stress is on separability (of one component of the series from another one) and neither the assumption of stationarity nor the model in the form "signal plus noise" are required.
"Caterpillar" SSA
The basic "Caterpillar" SSA algorithm for analyzing one-dimensional time series consists of:
Transformation of the one-dimensional time series to the trajectory matrix by means of a delay procedure (this gives the name to the whole technique);
Singular Value Decomposition of the trajectory matrix;
Reconstruction of the original time series based on a number of selected eigenvectors.
This decomposition initializes forecasting procedures for both the original time series and its components. The method can be naturally extended to multidimensional time series and to image processing.
The method is a powerful and useful tool of time series analysis in meteorology, hydrology, geophysics, climatology and, according to our experience, in economics, biology, physics, medicine and other sciences; that is, where short and long, one-dimensional and multidimensional, stationary and non-stationary, almost deterministic and noisy time series are to be analyzed.
Included:
Bar coloring
[*Alerts
[*Signals
[*Loxx's Expanded Source Types
Related Williams %R Indicators
Williams %R on Chart w/ Dynamic Zones
Williams %R w/ Bollinger Bands
Intermediate Williams %R w/ Discontinued Signal Lines
Related SSA Indicators
End-pointed SSA of FDASMA
End-pointed SSA of Normalized Price Oscillator
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Williams Vix Fix Bottoms and TopsThis indicator uses the very popular Williams Vix Fix for Bottoms by Chris Moody but not only does it search for bottoms, it can also be switch to work for tops for those who look to short the market. I've also added in a few options like flipping the indicator, color adjustments on the settings page, as well as cut a few of the options I feel did not need to be in which cluttered the screen when the settings were opened. In his later revisions of the Williams Vix Fix, CM took out the functions which draw the high/low ranges as well as the standard deviation which is what this indicator uses to show entry points. I have added options back on to draw these, I think it's useful. To be honest, I have not messed around with the number settings much so I am not sure how adjusting the look back range or going for smaller / bigger percentage changes would change how well the indicator works. It seems to work very well at its default settings.
With the Bollinger Band deviation, you have to remember that it looks back at the set amount of candles (20 by default) and uses those for the standard deviation: 1 dev = 68%, 2 dev = 95%, 3 dev = 99.7%
These percentages mean that at 2 dev, 95% of the last 20 candles will remain within the boundaries of the Bollinger Bands. Three tends to be too high, one is usually too low. Two is pretty good.
The lowest percentile option probably won't change much other than bring up the bottom line which doesn't effect the alerts or signals, just something to observe.
The highest percentile option makes a difference similar to the stand deviation and Bollinger Band. The higher you put it, the less likely it will get triggered but the more reliant it of a signal it should be.
As always, I have left notes throughout the code and I did leave in the code that was original but commented it out as I don't believe it's worth having.
I like to have the high/lows drawn, as well as the standard deviation. Then I find that the filtered entries are most accurate signals to follow. Simple entry is hit or miss, Aggressive entry is always early but sometimes that's not a great thing. Gösterge
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