Dynamic Indicator

I present this new “Dynamic Indicator”.

Aesthetics is in the form of a histogram for more simplicity, it is as useful as my last indicator “Volatility and Amplitude“.

Using a range indicator, Dynamic Indicator is able to calculate price volatility and the amplitude of a movement.If the amplitude is less than the volatility, then the indicator detects a non-dynamic phase, these phases are represented by the red candlesticks.

Conversely, if the amplitude is good, then the indicator returns a green candlestick.

The current setting is fine, I use this indicator on three different timeframes to avoid using too high volatility parameters and miss the start of opportunities.

I find that in this form it gives its full potential.However, as an external variable, you can change the volatility parameters.

The rectangles were drawn manually to image the information of the indicator on the three temporalities.

To sum up, it is not advisable to take opportunities in non-directional phases.

//
//=/===============/=//=/===============/=//=/ Management
//

Value = 0.45

//
//=/===============/=//=/===============/=//=/ Range Fast
//


once FxRRange=close

Fxscale = 2.338*average[14,1](abs(close-close[1]))

FxR = average[27,1](FxScale)
FxHH = close
FxLL = close

if FxHH > FxRRange[1] then
if (FxHH-FxR) < FxRRange[1] then
FxRRange = FxRRange[1]
else
FxRRange = (FxHH-FxR)
endif
elsif (FxLL+FxR) > FxRRange[1] then
FxRRange = FxRRange[1]
else
FxRRange = (FxLL+FxR)
endif

FxTrend = FxRRange
FxURange = FxRRange + FxR
FxDRange = FxRRange - FxR

//
//=/===============/=//=/===============/=//=/ Range Low
//

once LxRRange=close

LxR = 2.338*average[14,1](abs(close-close[1]))
LxHH = high
LxLL = low

if LxHH > LxRRange[1] then
if (LxHH-LxR) < LxRRange[1] then
LxRRange = LxRRange[1]
else
LxRRange = (LxHH-LxR)
endif
elsif (LxLL+LxR) > LxRRange[1] then
LxRRange = LxRRange[1]
else
LxRRange = (LxLL+LxR)
endif

LxTrend = LxRRange
LxURange = LxRRange + LxR
LxDRange = LxRRange - LxR

//
//=/===============/=//=/===============/=//=/ Trend Line
//

//=/ Trend Line
TLr = (FxTrend+LxTrend)/2
AvTrD1 = (TLr+TLr[1])/2
AvTrD2 = (AvTrD1-TLr)/15
TrDL = AvTrD1-AvTrD2

//=/ Up Range
XURange = ((FxURange+LxURange)/2)

//=/ Dw Range
XDRange = ((FxDRange+LxDRange)/2)

//
//=/===============/=//=/===============/=//=/ Volatility & Amplitude Settings
//

//=/ Decompte Haussier
UAmp = 0
if close > TrDL then
UAmp = UAmp[1]+1
endif

//=/ Decompte Baissier
DAmp = 0
if close < TrDL then
DAmp = DAmp[1]+1
endif

//=/ Decompte Global
Amp = UAmp+DAmp
if Amp < Amp[1]-1 then
Amp = Amp[Amp]-Amp
endif

VRange = 0
if TrDL = TrDL[1] then
VRange = VRange[1]+1
endif

//=/ Decompte Amplitude
OAmp = (Amp-VRange)-VRange
if OAmp < 0 then
OAmp = 0
endif

if OAmp < OAmp[1]-1 then
OAmp = OAmp[1]-1
endif

if OAmp > OAmp[1]+1 then
OAmp = OAmp[1]+1
endif

//=/ Decompte final
if VRange > OAmp then
OAmp = VRange
endif

P = round(OAmp)

//=/ Volatility
Volatilite = ((XURange*Value)-(XDRange*Value))

//=/ Amplitude
if close > open then
XLow = open
XHigh = close
elsif close < open then
XLow = close
XHigh = open
endif

if close > TrDL then
Amplitude = close-Lowest[P](Xlow)
elsif close < TrdL then
Amplitude = Highest[P](Xhigh)-close
endif

//
//=/===============/=//=/===============/=//=/ Color
//

if Amplitude > Volatilite then
HXAmp = 1
BXAmp = 0
elsif Amplitude < Volatilite then
BXAmp = 0.5
HXAmp = 0
endif

drawcandle(BXAmp,HXAmp,BXAmp,HXAmp)

return

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//=/===============/=//=/===============/=//=/ Management

Value = 0.45

//=/===============/=//=/===============/=//=/ Range Fast

once FxRRange=close

Fxscale = 2.338*average[14,1](abs(close-close[1]))

FxR = average[27,1](FxScale)

FxHH = close

FxLL = close

if FxHH > FxRRange[1] then

if (FxHH-FxR) < FxRRange[1] then

FxRRange = FxRRange[1]

else

FxRRange = (FxHH-FxR)

endif

elsif (FxLL+FxR) > FxRRange[1] then

FxRRange = FxRRange[1]

else

FxRRange = (FxLL+FxR)

endif

FxTrend = FxRRange

FxURange = FxRRange + FxR

FxDRange = FxRRange - FxR

//=/===============/=//=/===============/=//=/ Range Low

once LxRRange=close

LxR = 2.338*average[14,1](abs(close-close[1]))

LxHH = high

LxLL = low

if LxHH > LxRRange[1] then

if (LxHH-LxR) < LxRRange[1] then

LxRRange = LxRRange[1]

else

LxRRange = (LxHH-LxR)

endif

elsif (LxLL+LxR) > LxRRange[1] then

LxRRange = LxRRange[1]

else

LxRRange = (LxLL+LxR)

endif

LxTrend = LxRRange

LxURange = LxRRange + LxR

LxDRange = LxRRange - LxR

//=/===============/=//=/===============/=//=/ Trend Line

//=/ Trend Line

TLr = (FxTrend+LxTrend)/2

AvTrD1 = (TLr+TLr[1])/2

AvTrD2 = (AvTrD1-TLr)/15

TrDL = AvTrD1-AvTrD2

//=/ Up Range

XURange = ((FxURange+LxURange)/2)

//=/ Dw Range

XDRange = ((FxDRange+LxDRange)/2)

//=/===============/=//=/===============/=//=/ Volatility & Amplitude Settings

//=/ Decompte Haussier

UAmp = 0

if close > TrDL then

UAmp = UAmp[1]+1

endif

//=/ Decompte Baissier

DAmp = 0

if close < TrDL then

DAmp = DAmp[1]+1

endif

//=/ Decompte Global

Amp = UAmp+DAmp

if Amp < Amp[1]-1 then

Amp = Amp[Amp]-Amp

endif

VRange = 0

if TrDL = TrDL[1] then

VRange = VRange[1]+1

endif

//=/ Decompte Amplitude

OAmp = (Amp-VRange)-VRange

if OAmp < 0 then

OAmp = 0

endif

if OAmp < OAmp[1]-1 then

OAmp = OAmp[1]-1

endif

if OAmp > OAmp[1]+1 then

OAmp = OAmp[1]+1

endif

//=/ Decompte final

if VRange > OAmp then

OAmp = VRange

endif

P = round(OAmp)

//=/ Volatility

Volatilite = ((XURange*Value)-(XDRange*Value))

//=/ Amplitude

if close > open then

XLow = open

XHigh = close

elsif close < open then

XLow = close

XHigh = open

endif

if close > TrDL then

Amplitude = close-Lowest[P](Xlow)

elsif close < TrdL then

Amplitude = Highest[P](Xhigh)-close

endif

//=/===============/=//=/===============/=//=/ Color

if Amplitude > Volatilite then

HXAmp = 1

BXAmp = 0

elsif Amplitude < Volatilite then

BXAmp = 0.5

HXAmp = 0

endif

drawcandle(BXAmp,HXAmp,BXAmp,HXAmp)

return

dynamic range

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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Nicolas si il n'y a pas de stoploss définit dans le code, alors c'est normal :)

bertrandpinoy bonjour merci pour la réponse. Oui b sur ... est il possible que le SL soit coder sous une a...

Nicolas ok mais pourquoi poser la question ici ? Pour des questions non spécifique à cette article, ...

julien1978 The ADR value that is plotted intraday does not match the value of the regular ATR indicator...

Fab666 I've tried to get a fix for this also but no luck, it doesn't print the correct data as far ...

Seabiscuit Hi! With the new PRT update, this indicator does not work anymore

Doctrading Hello, The strategy should be improved, no doubt. But it was just one of my ideas, which h...

ALEALE Yes Nicolas is very difficult, macro economic data can destroy any work!!

styrke depends which.. I personally think that it's much more easier to trade on XBTUSD, try to co...

David Thanks for the explanation Nicolas.

freecat1899 Hello, I wanted to create a percent ADR based on this indicator, so I wrote this code that I...

revstrat At first glance, I see this mistake. You shouldn't average the highs and the lows. You shoul...

GraHal Ooops got that excited I sent that last one twice! ha (and can't delete it, sorry) I got it...

Eric n = 3 dont forget to allow 3 contract in proorder

UkCoopDownUnder Tried EURUSD GMT and GMT -1, as far back as I can go, Nov 2018 on 15mn Tf, 22% loss

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