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

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

144

145

146

147

148

149

150

151

152

153

154

155

156

157

158

//=/===============/=//=/===============/=//=/ 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.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

Find other exclusive trading pro-tools on

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

larouedegann TIMEFRAME(15minutes) apparemment ne fonctionne pas

Iván Bonjour Je ne comprends pas bien le problème. L'indicateur fonctionne dans n'importe quelle...

larouedegann OUI je le sais, il fonctionne dans toutes les unités de temps. Mais je souhaite utiliser l'i...

Fgats quelques explications en Français ici : Some explanations in French here : https://www.p...

Nicolas Merci pour cette contribution, j'apprécie ! :)

Fgats Merci Nicolas pour ces encouragements et merci aussi pour le commentaire en Anglais accompa...

finplus Bonjour, une petite demande concernant cet indicateur : comment faire pour que lorsque la bo...

LucasBest Bonjour, la coloration des bandes se fait ligne 111 et 112 à l'aide des instructions colorbe...

YvesRobert Bonjour Nicolas, en effet ca marche, je me suis trompé, j'ai bien tout le tracé. C'est parce...

oliTR Bonjour, les conditions longCond et shortCond ne contiennent-elles pas une condition qui s'a...

xpe74 Utilitaire vraiment top, d'autant qu'ajouter des filtres de seuil peux aider a limiter le no...

Boris Hi IVMcm, thanks for your amazing work. I have tested all of your indicators and use some of...

IV Mcm With pleasure and thanks!

ashiash how to use this indicator can i use tradingview platform

Seabiscuit Hi! I like this indicator a lot, been using it on a 30 min timeframe and usually confirms my...

Ramahu Bonjour et merci pour cet indicateur ! je l'observe sur les actions du Nasdaq et la plupart ...

IV Mcm Line 68 and 70, you must delete the instruction at the end of the line "" Bordercolor(0,0,0,...

BoutDePain This instruction is for the V11 maybe that you are using V10.3 then you can safely remove it.

Protagonist Bonjour, Je vois l'instruction inRange mais je ne trouve pas sa signification. Pouvez-vous...

Nicolas La définition des couleurs se situent entre les lignes 94 et 118. Selon le type de bougie (h...

Manu35250 Bonjour Nicolas, Est il possible de convertir cet indicateur en screener ? J'essaie depui...

Nicolas Bien sûr, merci de formuler la demande dans le forum approprié en respectant les règles de p...

kbrooks323 Hello would someone be willing to release a scan code for this? that would be helpful as I s...

Nicolas You can do easily this screener by using the assisted creation tool. It would take you about...

kbrooks323 I just figured it out thanks!

Nicolas Ask on an Excel website?!

JJMR HOLA NICOLAS, TENGO LA ULTIMA VERSION ACTUALIZADA DEL INDICADOR TTM SQUEEZE PRO EN LA VERSIO...

imokdesign @nicolas ,if in want to "call" this indicator, which values i have to write down?

Screw27 Salut nicolas j'aimerais savoir tes résulats grace a cettte methode

eva.g.forsgren It dose not work, I get a strap instead of candels???????????????????????????????????????????

Nicolas That indicator is the one below the chart. The indicator to put on the price chart is this o...

Share this

Likes