OPEN-SOURCE SCRIPT

Redwire's ALMA Bands with Alerts

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This script is basically an extension of Redwire's Alma bands developed by (in.tradingview.com/u/MelioraS/). A big thanks to him

This is a script I like a lot as it has Alma bands based on Fibonacci numbers and price tends to respect these very often.

All I have done with AI help is create a code with more Alma Fib MA's + Alarms incorporated, such that there is a trigger when a certain condition is met(for ex -price crossing Alma-55 or Alma 89)
If the ALMA MA's are all inter-twined/criss-crossing each other, price tends to be range bound. If the ALMA bands are all neatly stacked up/down, it tends to indicate a breakout/breakdown

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Hope this is of help to fellow traders. Pls note that I am not a coder nor any analyst of any sort. Pls backtest and research accordingly before trading. Best wishes

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