Mashed together the ema-bands from IvanLabrie with some moving average script stuff from ChrisMoody and LazyBear and this is the result. Credit goes to them, 'cause I don't know to how to code tbh. Just copy/pasted stuff untill I got the result I wanted.
Bands work as support/resistance among other things. You can use them to trade breakouts or reversals or whatever.
Combining them with a momentum indicator would probably be useful for timing divergence or OB/OS and stuff like that.
Included moving average types;
Default should work pretty good for the DAX, But you'll probably want to fiddle a bit with the settings.
Here's a pic of how they can be used. Ofc everything looks simple in hindsight, but you get the point.
Bands work as support/resistance among other things. You can use them to trade breakouts or reversals or whatever.
Combining them with a momentum indicator would probably be useful for timing divergence or OB/OS and stuff like that.
Included moving average types;
- SMA
EMA
RMA
WMA
VWMA
HullMA
TilsonMA
TEMA
Default should work pretty good for the DAX, But you'll probably want to fiddle a bit with the settings.
Here's a pic of how they can be used. Ofc everything looks simple in hindsight, but you get the point.
study(title="Yacine Ema Bands Mod", shorttitle="MA Bands", overlay=true) src = close len = input(125, minval=1, title = "EMA Length") atrlen = input(500, minval=1, title = "ATR Length") mult1 = input(3.2, minval=1, title = "Deviation multiplier 1") mult2 = input(6.4, minval=1, title = "Deviation multiplier 2") mult3 = input(9.5, minval=1, title = "Deviation multiplier 3") range = tr //----------------------------------------------- factorT3 = input(defval=7, title="Tilson T3 Factor - *.10 - so 7 = .7 etc.", minval=0) atype = input(1,minval=1,maxval=9,title="1=SMA, 2=EMA, 3=WMA, 4=HullMA, 5=VWMA, 6=RMA, 7=TEMA, 8=ZeroLagEma, 9=Tilson T3") //hull ma definition hullma = wma(2*wma(src, len/2)-wma(src, len), round(sqrt(len))) //TEMA definition ema1 = ema(src, len) ema2 = ema(ema1, len) ema3 = ema(ema2, len) tema = 3 * (ema1 - ema2) + ema3 //hull ma definition B hullmab = wma(2*wma(range, atrlen/2)-wma(range, atrlen), round(sqrt(len))) //TEMA definition B ema1b = ema(range, atrlen) ema2b = ema(ema1b, len) ema3b = ema(ema2b, len) temab = 3 * (ema1b - ema2b) + ema3b //Tilson T3 factor = factorT3 *.10 gd(src, len, factor) => ema(src, len) * (1 + factor) - ema(ema(src, len), len) * factor t3(src, len, factor) => gd(gd(gd(src, len, factor), len, factor), len, factor) tilT3 = t3(src, len, factor) //Tilson T3 B factorb = factorT3 *.10 gdb(src, len, factor) => ema(src, len) * (1 + factor) - ema(ema(src, len), len) * factor t3b(src, len, factor) => gd(gd(gd(src, len, factor), len, factor), len, factor) tilT3b = t3(range, atrlen, factor) //ZeroLag by LazyBear ema1z=ema(src, len) ema2z=ema(ema1z, len) d=ema1z-ema2z zlema=ema1z+d //ZeroLag by LazyBearB ema1zB=ema(range, atrlen) ema2zB=ema(ema1zB, len) dB=ema1zB-ema2zB zlemab=ema1zB+dB avg = atype == 1 ? sma(src,len) : atype == 2 ? ema(src,len) : atype == 3 ? wma(src,len) : atype == 4 ? hullma : atype == 5 ? vwma(src, len) : atype == 6 ? rma(src,len) : atype == 7 ? tema :atype == 8 ? zlema: tilT3 avg2 = atype == 1 ? sma(range, atrlen) : atype == 2 ? ema(range, atrlen) : atype == 3 ? wma(range, atrlen) : atype == 4 ? hullmab : atype == 5 ? vwma(range, atrlen) : atype == 6 ? rma(range, atrlen) : atype == 7 ? temab : atype == 8 ? zlemab: tilT3b //----------------------------------------------- blah bleh ma = avg rangema = avg2 up1 = ma + rangema * mult1 up2 = ma + rangema * mult2 up3 = ma + rangema * mult3 dn1 = ma - rangema * mult1 dn2 = ma - rangema * mult2 dn3 = ma - rangema * mult3 middle = plot(ma, color=black) color1 = gray color2 = black color3 = red //plot(up1, color = color1) //plot(up2, color = color1) //plot(up3, color = color1) u4 = plot(up1, color = color1) //plot(up5, color = color2) //plot(up6, color = color2) //plot(up7, color = color2) u8 = plot(up2, color = color2) //plot(up9, color = color3) //plot(up10, color = color3) //plot(up11, color = color3) u12 = plot(up3, color = color3) //plot(dn1, color = color1) //plot(dn2, color = color1) //plot(dn3, color = color1) d4 = plot(dn1, color = color1) //plot(dn5, color = color2) //plot(dn6, color = color2) //plot(dn7, color = color2) d8 = plot(dn2, color = color2) //plot(dn9, color = color3) //plot(dn10, color = color3) //plot(dn11, color = color3) d12 = plot(dn3, color = color3) fill(middle, u4, color=gray, transp=90, title="Middle Lower Fill") fill(middle, d4, color=gray, transp=90, title="Middle Lower Fill") fill(d4, d8, color=green, transp=90, title="Over Sold Fill") fill(d8, d12, color=green, transp=90, title="Over Sold Fill Down") fill(u4, u8, color=red, transp=90, title="Over Bought Fill") fill(u8, u12, color=red, transp=90, title="Over Bought Fill Up")