Great team work, C and X! This is an indicator I have wanted to code for years and final figured it out. I was of the belief visualising the daily expansion of price maybe of benefit. Observing that like, 200 sma, if price is above daily open "buy ...

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Agree. There are a few ways to avoid the low volatility area. These include: 1) ADR value, I remember a trader stating they would not start to trade until ADR was equal to greater than 30 pips for example. 2) Similarily could use ATR set to say ...

Daily / Intraday Bias Trading

Not bad, finally a good day. Has taken long enough! The difference was get out before price turns, cut losses quick, add to trades. image Now I just need to repeat this..... hopefully.

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Really pleased the idea is working. R

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EURUSD M5 Chart: image DO Volatility, Renko (10 pip block) on normal chart and open line 10 pip grid. The lines give a 10 pip target minus spread / range to trade in. Use JP candles for trading, but to show trades bars used.

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The DO Volatility v1 can be improved more when time allows by adding time so the lines are separate for each day, etc... But for now, see what reviewers think. I quiet like it. It makes sense to me anyway. This is an indicator I have wanted to code ...

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Thank you for the pointers / sharing your knowledge it is very helpful.

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By trading only buys above daily open price and sells below, we avoid the potential issues with SR Direction repainting. Above the open line, SR Direction sell lines will apear and repaint upwards until the calculation is complete. By only trading ...

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Beautiful, that is the general idea. Overall Direction and entry points.

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Agree

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SR Trend (length 3 and 7) is working well on Renko Chart:

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Please find attached the indicator Daily Open Volatility. The trading concept is 1) If price is above daily open line, buy only and vice versa below daily open line. 2) wait for price to be above / cross up blue volatility line for buy, vice versa ...

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Excellent, thank you, let me know. It was an idea I have had for a few years and it seems to tie in nicely with SR Direction offsetting the repainting. At present, I'm finding the SR trend indicator on renko chart works well.

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This could be very interesting.... In essence OV 20 / 200 with volatility. Will provide indicator later for testing as code needs a few changes.

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Anyone see the trade entry points...... image Expansion and contraction..... The Daily Open Volatility Indicator is still being tested to see if worth sharing. In essence it is a Shewhart Chart or Statistical Process Control Chart (SPCC). SR ...

Daily / Intraday Bias Trading

The interaction of price with the daily open has always interested me; as this maybe considered as the starting point for the daily expansion of price. To take this concept further I have turned to volatility with regard to the daily open price. The ...

Daily / Intraday Bias Trading

Agree. This morning so far and then I will do something silly later on lose half the gain. GGGrrrr image

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Thank you. Getting there slowly. Still making too many mistakes. But much less than previously.

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Simple and clean: previous color change, power bar and under 200sma: image

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SR Trend with T3 clean + shift and OV color change (pullback indicator): image Black arrow marks the pull back. Horizontal arrow is the entry level after pullback if reached. Or image

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