SAPMA_BANDLARI_MÜCAHİD_ATAOGLU

This “Advanced Deviation Bands” indicator is designed as an all-in-one trading toolkit that:

Calculates a Flexible Base Average

User-selectable type (HMA, EMA, WMA, VWMA, LWMA) and length.

Optionally uses the price source itself as the “average” input.

Builds ±1σ to ±5σ Deviation Bands

Measures deviation of price vs. the base average, cleans out extreme outliers, and applies a weighted moving average to smooth.

Computes standard deviation on that cleaned series and multiplies by the base average to get dynamic σ values.

Plots five upper and five lower bands around the adjusted average.

Rich Visual & Layout Controls

Neon-style colors for each band, configurable thickness and label size.

Optional gradient fills between bands.

Background shading for “Normal,” “Oversold” (price < –3σ) and “Overbought” (price > +3σ) regions.

Dynamic labels at chart edge marking each σ level and zone names (e.g. “NORMAL,” “DİKKAT,” “TEHLİKE,” etc.).

Smart Signal Generation with Risk Management

Buy when price dips below –3σ and momentum (RSI 14, MACD) & trend (50 EMA vs. 200 EMA) filters pass.

Sell when price exceeds +3σ with analogous momentum/trend checks.

Automatically records entry price and draws corresponding Stop Loss and Take Profit levels based on user-set percentages (e.g. 2 % SL, 4 % TP).

Clears the entry when SL or TP is hit.

Momentum & Trend Analysis

RSI and MACD measure momentum strength/weakness.

EMA50 vs. EMA200 define overall uptrend or downtrend.

On-Chart Info Table & Alerts

Shows current price, RSI, trend direction, distance to ±3σ in %, a “Risk Level” (Low/Medium/High), and composite “Signal Strength” score.

Alert conditions for buy/sell triggers and critical ±4σ breaks.

Purpose
To combine statistical price dispersion (σ-bands), momentum, trend direction, and built-in trade management—delivering visually striking, rule-based entry/exit signals with stop loss, take profit, and clear risk assessment, all in one indicator.