Hedge Coin M - Statistical Support and ResistanceHedge Coin M - Statistical Support and Resistance
Introduction
"Hedge Coin M - Statistical Support and Resistance" is a sophisticated, statistically-driven indicator designed specifically for traders in the COIN-M market on Binance. It offers a nuanced approach to identifying key market levels, focusing on the dynamics of support and resistance through advanced volatility analysis.
Foundation and Credits:
This script is an advanced adaptation of TradingView's standard code for the Bollinger Bands indicator. It extends the foundational concept of Bollinger Bands by integrating additional volatility metrics.
Calculation Method
This indicator employs Volume Weighted Moving Averages (VWMA) to create two distinct sets of Bollinger Bands, named BB-a and BB-b.
BB-a is derived from the VWMA of high prices, targeting potential resistance levels.
BB-b is based on the VWMA of low prices, aimed at identifying critical support levels.
Users can independently adjust the standard deviation (SD) multipliers for the upper and lower bands of both BB-a and BB-b, accommodating different market conditions.
Enhanced Volatility Analysis
The indicator calculates additional standard deviation lines for the upper band of BB-a and the lower band of BB-b. These lines provide deeper insights into market volatility.
Plotted Graphs
The primary plots include the upper and lower bands of BB-a and BB-b, marked in distinct colors for clarity.
Additional SD lines are plotted to indicate potential extended levels of support and resistance, offering traders a broader view of possible market movements.
Purpose and Usage
"Hedge Coin M - Statistical Support and Resistance" is designed to provide traders with a consistent, statistical method for identifying significant price levels.
It aids in scaling entry into positions, helping traders to navigate the COIN-M market with more informed decision-making.
This tool is especially useful for traders who combine long-term holding with swing trading strategies, offering a balanced approach to market engagement.
Integration and Adaptation
Easily integrate this indicator into your TradingView chart for the COIN-M market.
Use the insights provided to complement your overall trading strategy, particularly in identifying and reacting to significant market movements.
Disclaimer
Important Note: This indicator is provided for informational purposes only. It does not constitute financial advice, investment advice, trading advice, or any other sort of advice. Trading decisions should be made based on your own analysis, prudence, and judgment. Please be aware of the risks involved in trading and consult a financial advisor if necessary.
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5EMA BollingerBand Nifty Stock Scanner
What ?
We all heard about (well: over-heard) 5-EMA strategy. Which falls into the broader category of mean reversal type of trading setup.
What is mean reversal?
Price (or any time series, in fact) tries to follow a mean . Whenever price diverges from the mean it tries to meet it back.
It is empirically observed by some traders (I honestly don't know who first time observed it) that in Indian context specially, 5 Exponential Moving Average (5-EMA) works pretty good as that mean.
So whenever price moves away from that 5-EMA, it ultimately comes back and attain total nirvana :) Means: if price moved way higher than the 5EMA without touching it, then price will correct to meet it's 5-EMA and if price moved way lower, it will be uplifted to meet it's 5-EMA. Funny - but it works !
Now there are already enough social media coverage on this 5-EMA strategy/setup. Even TradingView has some excellent work done on these setups. Kudos to all those great souls.
So when we came to know about this, we were thinking what we should do for the community. Because it is well cover topic (specially in Indian context). Also, there are public indicators.
Then we thought why not come up with a scanner which will scan all the Nifty-50 constituent stocks and find out on the fly, real-time which all stocks are matching this 5-EMA setup and causing a Buy/Sell trade recommendation.
Hence here we are with the first version of our first scanner on the 5EMA setup (well it has some more masala than merely a 5-EMA setup).
Why?
Parts of why is already covered up.
Now instead of blindly following 5-EMA setup, we added the Bollinger band as well. Again: it's also not new. There are enough coverage in social media about the 5-EMA+BB strategy/setup. We mercilessly borrowed from all of these.
Suppose you have an indicator.
Now you apply the indicator in your chart. And then you need to (rock) and roll through your watchlist of Nifty-50 stocks (note: TradingView has no default watchlist of Nifty-50 stock by default - you have to create one custom watchlist to list all manually) to find out which all are matching the setup, need to take a note about the trade recomendations (entry, SL, target) and other stuffs like VWAP, Volume, volatility (Bollinger Band Width).
Not any more.
This scanner will track all the Nifty-50 stocks (technically: 40 stocks other than Banking stocks) and provide which one to Buy or Sell (if any), what's the entry, SL, target, where is the VWAP of the day, what's the picture in volume (high, low, rising, falling) and the implied volatility (using Bolling band width). Also it has a naive alerting mechanism as well.
In fact the code is there to monitor the (Future) OI also and all the OI drama (OI vs price and all the 4 stuffs like long build up, long unwinding, short covering, short buildup). But unfortunately, due to some limitations of the TradingView (that one can not monitor more than 40 `ta.security` call) we have to comment out the code. If you wish you can monitor only 20 stocks and enable the OI monitoring also (20 for stocks + 20 for their OI monitoring .. total 40 `ta.security` call).
How?
To know the divergence from 5-EMA we just check if the high of the candle (on closing) is below the 5-EMA. Then we check if the closing is inside the Bollinger Band (BB). That's a Buy signal. SL: low of the candle, T: middle and higher BB.
Just opposite for selling. 5-EMA low should be above 5-EMA and closing should be inside BB (lesser than BB higher level). That's a Sell signal. SL: high of the candle, T: middle and lower BB.
Along with we compare the current bar's volume with the last-20 bar VWMA (volume weighted moving average) to determine if the volume is high or low.
Present bar's volume is compared with the previous bar's volume to know if it's rising or falling.
VWAP is also determined using `ta.vwap` built-in support of TradingView.
The Bolling Band width is also notified, along with whether it is rising or falling (comparing with previous candle).
Simple, but effective.
Customization
As usual the EMA setup (5 default), the BB setup (20 SMA with 1.5 standard deviation), we provided option wherther to include or exclude BB role in the 5-EMA setup (as we found out there are two schools of thought .. some people use BB some don't. Lets make all happy :))
We also provide options to choose other symbols using Settings if they wish so. We have the default 40 non banking Nifty stocks (why non-banking? - Bank Nifty is in ATH :) .. enough :)). But if user wishes can monitor others too (provided the symbol is there in TradingView).
Although we strongly recommend the timeframe as 30 minutes , you can choose what's fit you most.
The output of the scanner is a table. By default the table is placed in the right-bottom (as we are most comfortable with that). However you can change per your wish. We have the option to choose that.
What is unique in it ?
This is more of an indicator. This is a scanner (of Nifty-50 stocks). So you can apply (our recommendation is in 30m timeframe) it to any chart (does not matter which chart it is) and it will show every 30 mins (which is also configurable) which all stocks (along with trade levels) to Buy and Sell according to the setup.
It will ease your trading activity.
You can concentrate only on the execution, the filtering you can leave it to this one.
Limitations
There is a build in limitation of the TradingView platform is that one can call only upto 40 securities API. Not beyond that. So naturally we are constraint by that. Otherwise we could monitor 190 Nifty F&O stocks itself.
30m is the recommended timeframe. In very lower (say 5m) this script tends to go out of heap (out of memory). Please note that also.
How to trade using this?
Put any chart in 30m (recommended) timeframe.
Apply this screener from Indicators (shortcut to launch indicators is just type / in your keyboard).
This will provide the Buy (shown in green color) or Sell (shown in red color) recommendations in a table, at every 30m candle closing.
Note the volume and BB width as well.
Wait for at least 2 5-minutes candles to close above/below the recommended level .
Take the trade with the SL and target mentioned.
Mentions
@QuantNomad. The whole implementation concept we mercilessly borrowed from him, even some of his code snippet we took it (after asking him through one of his videos comment section and seeking explicit permission which he readily granted within an hour). Thank You sir @QuantNomad. Indebted to you.
Monika (Rawat) ji: for reviewing, correcting, providing real time examples during live market hours, often compromising her own trading activities, about the effectiveness and usefulness of this setup. Thank You madam ji. Indebted to you.
There are innumerable contents in social media about this. Don't even know whom all we checked. Thanks to all of them.
Happy Trading (in stocks - isn't enough of Indices already?)
Disclaimer
This piece of software does not come up with any warrantee or any rights of not changing it over the future course of time.
We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
Simple Bollinger Band Width PercentileI'm a big fan of The_Caretaker's BBWP and wanted to add it as a volatility indicator to some of my scripts, but since it is over 100 lines of code (plus spacing and comments) I wanted to find if there was a simpler way to get comparable results. SBBWP uses Pine 5 built in functions that I don't believe were available when The_Caretaker wrote BBPW. The main limitations compared to The_Caretaker's version is that it can only use SMA as its Basis Type and the colors are also not as pretty. I have not included alerts or scale lines since I'm not trying to replace BBWP, just give a simple example that you can easily build in to your scripts.
Full credit and respect to The_Caretaker!
Smart Market Bias [PhenLabs]📊 Smart Market Bias Indicator (SMBI)
Version: PineScript™ v6
Description
The Smart Market Bias Indicator (SMBI) is an advanced technical analysis tool that combines multiple statistical approaches to determine market direction and strength. It utilizes complexity analysis, information theory (Kullback Leibler divergence), and traditional technical indicators to provide a comprehensive market bias assessment. The indicator features adaptive parameters based on timeframe and trading style, with real-time visualization through a sophisticated dashboard.
🔧 Components
Complexity Analysis: Measures price movement patterns and trend strength
KL Divergence: Statistical comparison of price distributions
Technical Overlays: RSI and Bollinger Bands integration
Filter System: Volume and trend validation
Visual Dashboard: Dynamic color-coded display of all components
Simultaneous current timeframe + higher time frame analysis
🚨Important Explanation Feature🚨
By hovering over each individual cell in this comprehensive dashboard, you will get a thorough and in depth explanation of what each cells is showing you
Visualization
HTF Visualization
📌 Usage Guidelines
Based on your own trading style you should alter the timeframe length that you would like to be analyzing with your dashboard
The longer the term of the position you are planning on entering the higher timeframe you should have your dashboard set to
Bias Interpretation:
Values > 50% indicate bullish bias
Values < 50% indicate bearish bias
Neutral zone: 45-55% suggests consolidation
✅ Best Practices:
Use appropriate timeframe preset for your trading style
Monitor all components for convergence/divergence
Consider filter strength for signal validation
Use color intensity as confidence indicator
⚠️ Limitations
Requires sufficient historical data for accurate calculations
Higher computational complexity on lower timeframes
May lag during extremely volatile conditions
Best performance during regular market hours
What Makes This Unique
Multi-Component Analysis: Combines complexity theory, statistical analysis, and traditional technical indicators
Adaptive Parameters: Automatically optimizes settings based on timeframe
Triple-Layer Filtering: Uses trend, volume, and minimum strength thresholds
Visual Confidence System: Color intensity indicates signal strength
Multi-Timeframe Capabilities: Allowing the trader to analyze not only their current time frame but also the higher timeframe bias
🔧 How It Works
The indicator processes market data through four main components:
Complexity Score (40% weight): Analyzes price returns and pattern complexity
Kullback Leibler Divergence (30% weight): Compares current and historical price distributions
RSI Analysis (20% weight): Momentum and oversold/overbought conditions
Bollinger Band Position (10% weight): Price position relative to volatility
Underlying Method
Maintains rolling windows of price data for multiple calculations
Applies custom normalization using hyperbolic tangent function
Weights component scores based on reliability and importance
Generates final bias percentage with confidence visualization
💡 Note: For optimal results, use in conjunction with price action analysis and consider multiple timeframe confirmation. The indicator performs best when all components show alignment.
Buffett Valuation Indicator [TradeDots]The Buffett Valuation Indicator (also known as the Buffett Index or Buffett Ratio) measures the ratio of the total United States stock market to GDP.
This indicator helps determine whether the valuation changes in US stocks are justified by the GDP level.
For example, the ratio is calculated based on the standard deviations from the historical trend line. If the value exceeds +2 standard deviations, it suggests that the stock market is overvalued relative to GDP, and vice versa.
This "Buffett Valuation Indicator" is an enhanced version of the original indicator. It applies a Bollinger Band over the Valuation/GDP ratio to identify overvaluation and undervaluation across different timeframes, making it efficient for use in smaller timeframes, e.g. daily or even hourly intervals.
HOW DOES IT WORK
The Buffett Valuation Indicator measures the ratio between US stock valuation and US GDP, evaluating whether stock valuations are overvalued or undervalued in GDP terms.
In this version, the total valuation of the US stock market is represented by considering the top 10 market capitalization stocks.
Users can customize this list to include other stocks for a more balanced valuation ratio. Alternatively, users may use S&P 500 ETFs, such as SPY or VOO, as inputs.
The ratio is plotted as a line chart in a separate panel below the main chart. A Bollinger Band with a default 100-period and multiples of 1 and 2 is used to identify overvaluation and undervaluation.
For instance, if the ratio line moves above the +2 standard deviation line, it indicates that stocks are overvalued, signaling a potential selling opportunity.
APPLICATION
When the indicator is applied to a chart, we observe the ratio line's movements relative to the standard deviation lines. The further the line deviates from the standard deviation lines, the more extreme the overvaluation or undervaluation.
We look for buying opportunities when the Buffett Index moves below the first and second standard deviation lines and sell opportunities when it moves above these lines. This indicator is used as a microeconomic confirmation tool, in combination with other indicators, to achieve higher win-rate setups.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
7 Moving Averages [Plus]Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time. A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance. Essentially, Moving Averages smooth out the “noise” when trying to interpret charts. Noise is made up of fluctuations of both price and volume. Because a Moving Average is a lagging indicator and reacts to events that have already happened, it is not used as a predictive indicator but as an interpretive one for confirmations and analysis.
Bollinger Bands (BB) are a widely popular technical analysis instrument created by John Bollinger. The BB consist of a band of three lines which are plotted in relation to security prices. The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (the type of trend line and period can be changed by the trader; however a 20 day moving average is by far the most popular). The SMA then serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price. Typically the Upper and Lower Bands are set to two standard deviations away from the SMA (The Middle Line); however the number of standard deviations can also be adjusted by the trader.
This script shows 6 moving averages and Bollinger Bands.
Features:
- Standard MA inputs.
- MA type.
- MA period.
- MA source.
- MA resolution (time frame).
- MA Offset.
- Forecasting : forcasted prices are calculated using our MAType and MASource for the MAPeriod.
- Trail: Show only candles not included in the MA calculation.
The color of MA1 depends on the chosen strategy, by default this is the 3EMA strategy. You can also select "Pivot Point Supertrend" or "Ichimoku Trend"
Added "Parabolic Stop and Reverse (PSAR)" . The PSAR is a time and price technical analysis tool primarily used to identify points of potential stops and reverses. In fact, the SAR in Parabolic SAR stands for "Stop and Reverse". The indicator's calculations create a parabola which is located below price during a Bullish Trend and above Price during a Bearish Trend.
Added "Linear Regression Channel" which can be correctly plotted on logarithmic charts. A linear regression channel consists of a median line with 2 parallel lines, above and below it, at the same distance. Those lines can be seen as support and resistance. The median line is calculated based on linear regression of the closing prices but the source can also be set to open, high or low. The height of the channel is based on the deviation of price to the median line. Extrapolating the channel forward can help to provide a bias and to find trading opportunities.
[KL] Relative Volume StrategyThis strategy will Long when:
Confirmation #1: when volume is relatively high
Confirmation #2: during periods of price consolidation (See )
It exits when either (a) stop loss limit is reached, or when (b) price actions suggest trend is bearish.
Measuring price volatility to assume consolidation:
For each candlestick, we quantify price volatility by referring to the value of standard deviations (2x) of closing prices over a look-back period of 20 candles. This is exactly what the Bollinger Band (“BOLL”) indicates by default.
Knowing the value of standard deviation (2x) of prices (aka the width of lower/upper BOLL bands), we then compare it with ATR (x2) over a user-defined length (can be configured in settings). Volatility is considered to be low, relatively, when the standard deviation (x2) of prices is less than ATR (2x).
OB EmaCross + BBThis is my setup and the way I like to trade.
It is based in an EMA cross ( 9 x 21) and the Bollinger Bands without the central Moving Average.
I prefer to use the EMA cross in the middle of the bands.
It is also possible to activate "Colored Bars" to paint the candles according to the EMA cross: green if the candles are above both EMAs, white when at least one of them are in between EMAs and red if they are both below EMAs.
My operational works like this:
- Buy when price is above EMAs
- Sell when price is belos EMAs
Of course, I use BB to give me the direction of the trend and I only enter in a trade when the price is in the same trend of the BB.
I avoid trades when the bands are getting narrowed.
I hope you enjoy my indicator and let me know if you have any suggestion! ;)
+ %UMAIf you are familiar with the %B for use with Bollinger Bands, then you will understand this indicator immediately.
Designed for use with my +UMA moving average, this works in exactly the same way, with a few differences.
First off, as you can choose on which type of moving average the calculations are made, so too you will want to match this up with the one you are using. That of course goes for the standard deviation as well (just like you would with Bollinger Bands and %B). Here, because the +UMA uses highs and lows to create a sort of moving average channel, and then also to create the bands, I've opted to set the inner part of the bands as the extreme edge that the %UMA equates with the upper and lower lines.
I've added a moving average, donchian channels, and auto-plotted divergences as well, if you like. Typical color related stuff that I do. Alerts for everything.
Hope you like it!
The above image is comparing two of the same indicator, but based on different moving averages, and how it might plot divergences differently between the two.
+ BB %B: MA selection, bar coloring, multi-timeframe, and alerts+ %B is, at its simplest, the classic Bollinger Bands %B indicator with a few added bells and whistles.
However, the right combination of bells and whistles will often improve and make a more adaptable indicator.
Classically, Bollinger Bands %B is an indicator that measures volatility, and the momentum and strength of a trend, and/or price movements.
It shows "overbought" and "oversold" spots on a chart, and is also useful for identifying divergences between price and trend (similar to RSI).
With + %B I've added the options to select one or two moving averages, candle coloring, and a host of others.
Let's start with the moving averages:
There are options for two: one faster and one slower. Or combine them how you will, or omit one or both of them entirely.
Here you will find options for SMA, EMA (as well as double and triple), Hull MA, Jurik MA, Least Squares MA, Triangular MA, Volatility Adjusted MA, and Weighted MA.
A moving average essentially helps to define trend by smoothing the noise of movements of the underlying asset, or, in this case, the output of the indicator.
All of these MAs available track this in a different way, and it's up to the trader to figure out which makes most sense to him/her.
MA's, in my opinion, improve the basic %B by providing a clearer picture of what the indicator is actually "seeing", and may be useful for providing entries and exits.
Next up is candle coloring:
I've added the option for this indicator to color candles on the chart based on where the %B is in relation to its upper and lower bounds, and median line.
If the %B is above the median but below the upper bound, candles will be green (showing bullish market structure). If %B is below the median but above the lower bound, candles will be red (denoting bearish market structure).
Overbought and oversold candles will also be colored on the chart, so that a quick glance will tell you whether price action is bullish/bearish or "oversold"/"overbought".
I've also added functionality that enables candles to be colored based on if the %B has crossed up or crossed down the primary moving average.
One example as a way to potentially use these features is if the candles are showing oversold coloration followed by the %B crossing up your moving average coloration. You might consider a long there (or exit a short position if you are short).
And the last couple of tweaks:
You may set the timeframe to whatever you wish, so maybe you're trading on the hourly, but you want to know where the %B is on the 4h chart. You can do that.
The background fill for the indicator is split into bullish and bearish halves. Obviously you may turn the background off, or make it all one color as well.
I've also added alerts, so you may set alerts for "overbought" and "oversold" conditions.
You may also set alerts for %B crossing over or under the primary moving average, or for crossing the median line.
All of these things may be turned on and off. You can pretty much customize this to your heart's delight. I see no reason why anyone would use the standard %B after playing with this.
I am no coder. I had this idea in my head, though, and I made it happen through referencing another indicator I was familiar with, and watching tutorials on YouTube.
Credits:
Firstly, thanks to www.tradingview.com for his brilliant, free tutorials on YouTube.
Secondly, thanks to www.tradingview.com for his beautiful SSL Hybrid indicator (and his clean code) from which I obtained the MAs.
Please enjoy this indicator, and I hope that it serves you well. :)
SuperBollingerTrend (Expo)█ Overview
The SuperBollingerTrend indicator is a combination of two popular technical analysis tools, Bollinger Bands, and SuperTrend. By fusing these two indicators, SuperBollingerTrend aims to provide traders with a more comprehensive view of the market, accounting for both volatility and trend direction. By combining trend identification with volatility analysis, the SuperBollingerTrend indicator provides traders with valuable insights into potential trend changes. It recognizes that high volatility levels often accompany stronger price momentum, which can result in the formation of new trends or the continuation of existing ones.
█ How Volatility Impacts Trends
Volatility can impact trends by expanding or contracting them, triggering trend reversals, leading to breakouts, and influencing risk management decisions. Traders need to analyze and monitor volatility levels in conjunction with trend analysis to gain a comprehensive understanding of market dynamics.
█ How to use
Trend Reversals: High volatility can result in more dramatic price fluctuations, which may lead to sharp trend reversals. For example, a sudden increase in volatility can cause a bullish trend to transition into a bearish one, or vice versa, as traders react to significant price swings.
Volatility Breakouts: Volatility can trigger breakouts in trends. Breakouts occur when the price breaks through a significant support or resistance level, indicating a potential shift in the trend. Higher volatility levels can increase the likelihood of breakouts, as they indicate stronger market momentum and increased buying or selling pressure. This indicator triggers when the volatility increases, and if the price is near a key level when the indicator alerts, it might trigger a great trend.
█ Features
Peak Signal Move
The indicator calculates the peak price move for each ZigZag and displays it under each signal. This highlights how much the market moved between the signals.
Average ZigZag Move
All price moves between two signals are stored, and the average or the median is calculated and displayed in a table. This gives traders a great idea of how much the market moves on average between two signals.
Take Profit
The Take Profit line is placed at the average or the median price move and gives traders a great idea of what they can expect in average profit from the latest signals.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
RSI & BB QQE Mod (highlight)This script is a combination of the RSI, QQE and BB
Here is an explanation on how I combined them, and how they are used:
- RSI (Relative Strength Index)
- Display a smoothed version of the RSI to identify "oversold" and "overbought" market phases
- Used to calculate a QQE
- QQE (Quantitative Qualitative Estimation)
- Used to identify trend direction and trend strength
- Used to set a basis for the BB
- BB (Bollinger Bands)
- Used with QQE as a basis to determine a relative definition of "high RSI" and "low RSI"
- Used with QQE as a basis to determine the volatility of the RSI at a given moment
- Used to predict pivot points
Here are the main signals:
- When "RSI Smoothed" line above the Upper BB then "RSI Smoothed" line turns green
- Also , display green background color highlight
- Also , and if "RSI Smoothed" is above the overbought line then display a second green background color highlight
- When "RSI Smoothed" line bellow the Lower BB then "RSI Smoothed" line turns red
- Also , display red background color highlight
- Also , and if "RSI Smoothed" is bellow the oversold line then display a second red background color highlight
A tool codded to be aesthetically pleasing and VERY customisable:
- Designed for both light theme and dark theme users
- Value can be easily modified in the settings
- Colors can be easily swapped in the settings
- Opacity of "fill" & "bgcolor" regrouped as a single input
A tool codded to be easy to read and to learn from:
- Sources and inspirations all listed within the script
- Structure easily identifiable (to understand with little to no effort how the script works)
Notes :
- This script is lagging, because of that I do recommend using it on relatively large timeframe
- This script is OpenSource, feel free to reuse it, but if so please remember to include a link to my script in your sources
- This script is not a magical tool, use at your own risk
BB Signal v2.1 [ABA Invest]About
This signal appears based on 2nd candle break out of Bollinger Bands (called Momentum) with additional EMA 50 and EMA 200 as trend filters. so the concept is to take advantage of candle breakout by following trends.
How to use
Buy: When signal 'Buy' appears (following trend of upper timeframe)
Recommended stop loss: previous swing low
Sell: When signal 'Sell' appears (following trend of upper timeframe)
Recommended stop loss: previous swing high
Rules
1. use a good risk-reward ratio (minimum 1.5)
2. Please do backtest before using this signal
3. Don't always take every signal (must know when to stop)
Bermaui Variety Averages Bands [Loxx]Bermaui Variety Averages Bands is a reverse Bollinger Bands indicator with Loxx's Variety Moving Averages and Loxx's Expanded Source Types.
What are Bermaui Bands?
Bermaui Bands (BB) is a technical analysis tool that help filter between ranging and trending price movements. A buy signal is made when price crosses above the upper band, a sell signal is made when price crosses below the bottom band. The idea is when the bands are far apart, this is low volatility; when the bands are close together, this is high volatility.
Included
Loxx's Expanded Source Types
Loxx's Moving Averages
Alerts
Signals
Top Trend [Loxx]Top Trend is a trend following indicator that signals breakouts and plots dynamic support and resistance levels.
Included:
-Calculation of Top Trend using either Bollinger Bands and Keltner Channels
This is an exact clone of the "TopTrend" for MT4 indicator
MadriEsta estrategia fue creada por mi, basándose en el indicador bollinger bands+rsi y una ema , forexstrategiesresources me lo pasó a codigo y despues fue publicado en ChartArt y en la pagina web de forexstrategiesresources.
Ahora este script lo he modificado para optimizarlo para BTC /USDT en la temporalidad de 1 hora, os invito a ir cambiando temporalidades y valores para conseguir la mayor rentabilidad y, al igual que yo lo publico en codigo abierto os invito a que pongáis vuestros ajustes en los comentarios.
Los ajustes que se pueden cambiar para buscar mayor rentabilidad son en primer lugar "lo que se puede cambiar desde el mismo grafico" los valores "A" y "B".
Además, en el codigo el valor "RSIoverSold" y el "RSIoverBought" por mi experencia con menos de 30 no suele ir bien y con mas de 70 tampoco, el rango adecuado es de 29 a 49, incluidos.
Yo no he trasteado mucho pero también os invito a cambiar la fuente de entrada de "close" a "high", "open", "low"...
Recomiendo para la configuración ACTUAL mismo símbolo, mismos valores operar las señales Short cuando el precio este por debajo de la EMA de 900 y operar las Long cuando este por encima.
En otros símbolos la cosa cambia, hay que adaptarlo a cada cosa.
Bricklayer's Volatility MeterBricklayer's Volatility Meter will calculate Bollinger Bands Width up to 20 different lengths between lowest and highest input.
• If it is increasing, the brick will be green.
• If it is decreasing, the brick will be red.
The idea is that if volatility is decreasing across an increasing number of periods, the market will be ready for different strategies than when it is increasing.
Good luck trading!
Chauvenet RadiusThe Chauvenet criterion is a well-known criterion of selection and rejection of the data used by the Physics. It establishes that in an experiment is well to discard the data whose distance from the average is greater than a certain number of the delta.
In the stock market if prices move away from the average with a volatility too high are suspect. This principle is embodied in the Chauvenet floor with the definition of two asymptotes and two data areas rejection.
The Chauvenet Radius is the quadratic sum of the delta (distance from average) and sigmoid (volatility) and is therefore an obvious market stability index. In fact the moments when price strongly moves away from the average with high volatility coincide with the moments of high instability of the market.
It can be considered an evolution of John Bollinger method introduced during the '80.
Source: www.performancetrading.it
Moving Averages & Bollinger Bands with ForecastsMoving Averages & Bollinger Bands with Forecasts
11 Moving Averages
SMA, EMA, WMA
Highly Customizable
Linear Regression Forecast
Bollonger Bands
Personal Setup: Add indicator twice
1st indicator = SMA using #4, 7, 10, 11 (20, 50, 100, 200 SMAs) with bollonger bands on 20.
2nd indicator = EMA using #1, 2, 3, 5, 6, 8, 9 (5, 8, 13, 21 ,34, 55, 89 EMAs).
This allows easy toggling between SMAs/Bolls and Fib EMAs
Thank you to yatrader2 for the forecast code
Moving Averages & Bollinger Bands with ForecastsMoving Averages & Bollinger Bands with Forecasts
11 Moving Averages
SMA, EMA, WMA
Highly Customizable
Linear Regression Forecast
Bollonger Bands
Personal Setup: Add indicator twice
1st indicator = SMA using #4, 7, 10, 11 (20, 50, 100, 200 SMAs) with bollonger bands on 20.
2nd indicator = EMA using #1, 2, 3, 5, 6, 8, 9 (5, 8, 13, 21 ,34, 55, 89 EMAs).
This allows easy toggling between SMAs/Bolls and Fib EMAs
Thank you to yatrader2 for the forecast code
Moving Averages & Bollinger Bands with ForecastsMoving Averages & Bollinger Bands with Forecasts
11 Moving Averages
SMA, EMA, WMA
Highly Customizable
Linear Regression Forecast
Bollonger Bands
Personal Setup: Add indicator twice
1st indicator = SMA using #4, 7, 10, 11 (20, 50, 100, 200 SMAs) with bollonger bands on 20.
2nd indicator = EMA using #1, 2, 3, 5, 6, 8, 9 (5, 8, 13, 21 ,34, 55, 89 EMAs).
This allows easy toggling between SMAs/Bolls and Fib EMAs
Thank you to yatrader2 for the forecast code
Moving Averages & Bollinger Bands with ForecastsMoving Averages & Bollinger Bands with Forecasts
11 Moving Averages
SMA, EMA, WMA
Highly Customizable
Linear Regression Forecast
Bollonger Bands
Personal Setup: Add indicator twice
1st indicator = SMA using #4, 7, 10, 11 (20, 50, 100, 200 SMAs) with bollonger bands on 20.
2nd indicator = EMA using #1, 2, 3, 5, 6, 8, 9 (5, 8, 13, 21 ,34, 55, 89 EMAs).
This allows easy toggling between SMAs/Bolls and Fib EMAs
Thank you to yatrader2 for the forecast code
Triple SRSI-MFI Ⅲ - Multi TimeframeTriple SRSI-MFI Ⅲ - Multi Timeframe Indicator
Description
The Triple SRSI-MFI Ⅲ - Multi Timeframe indicator is a powerful tool designed to combine Stochastic RSI (SRSI) and Money Flow Index (MFI) across multiple timeframes (higher, current, and lower). It provides a comprehensive view of market momentum and potential overbought/oversold conditions by calculating a weighted hybrid of SRSI-MFI values from three different timeframes. The indicator also integrates Bollinger Bands to help identify trend direction and volatility.
This indicator is ideal for traders who want to analyze market conditions across multiple timeframes without switching charts. It automatically adjusts settings based on the current timeframe and includes a dynamic weighting system optimized for Bitcoin volatility. Additionally, a real-time information panel displays the market state (buy/sell) and signal strength.
Key Features
Multi-Timeframe Analysis: Combines SRSI-MFI from higher, current, and lower timeframes for a holistic view.
Dynamic Weighting: Automatically adjusts weights for each timeframe based on Bitcoin volatility, with an option for manual customization.
Bollinger Bands Integration: Visualizes trend direction and volatility using Bollinger Bands, with customizable source selection.
Real-Time Info Panel: Displays market state (buy/sell) and signal strength (%) in the top-right corner of the chart.
Customizable Settings: Allows users to tweak MFI source, Bollinger Bands parameters, and visibility of individual components.
How to Use
Add to Chart: Add the "Triple SRSI-MFI Ⅲ - Multi Timeframe" indicator to your chart.
Interpret Signals:
Market State (Buy/Sell): Shown in the info panel. "Buy" when the average SRSI-MFI is above the Bollinger Bands basis, "Sell" when below.
Strength (%): The relative position of the average SRSI-MFI within the Bollinger Bands, scaled from 0% to 100%.
Overbought/Oversold Levels: The indicator plots horizontal lines at 80 (overbought) and 20 (oversold). Use these as potential reversal zones.
Combine with Price Action: Use the indicator in conjunction with price action or other tools for better decision-making.
Adjust Settings: Customize the settings (e.g., Bollinger Bands length, weights, visibility) to match your trading style.
Settings
MFI Source: Select the source for MFI calculation (default: "hlc3"). Options include "close", "open", "high", "low", "hl2", "hlc3", "ohlc4".
Bollinger Bands:
Length: Period for Bollinger Bands calculation (default: 20).
Multiplier: Standard deviation multiplier for the bands (default: 2.0).
Source: Choose which SRSI-MFI value to use for Bollinger Bands ("averageHybrid", "hybrid_higher", "hybrid_current", "hybrid_lower"; default: "hybrid_higher").
Weights:
Auto Weight Enabled: Enable/disable automatic weights based on Bitcoin volatility (default: true).
Higher/Current/Lower Weights: Manually set weights for each timeframe if auto-weight is disabled (defaults: 1.5, 1.0, 0.5).
Indicator On/Off:
Toggle visibility for Higher SRSI-MFI, Current SRSI-MFI, Lower SRSI-MFI, Average SRSI-MFI, and Bollinger Bands.
How It Works
SRSI-MFI Calculation:
Stochastic RSI (SRSI) and Money Flow Index (MFI) are calculated for three timeframes: higher, current, and lower.
The hybrid value (SRSI * (MFI / 100)) is computed for each timeframe.
Weighted Average:
The hybrid values are combined into a weighted average (averageHybrid) using dynamic or manual weights.
Bollinger Bands:
Bollinger Bands are applied to the selected source (e.g., hybrid_higher) to identify trend direction and volatility.
Relative Position:
The position of averageHybrid within the Bollinger Bands is scaled to a percentage (0% to 100%) for strength assessment.
Visualization:
Plots individual SRSI-MFI lines, Bollinger Bands, and overbought/oversold levels.
A real-time info panel provides market state and signal strength.
Notes
This indicator is best used as part of a broader trading strategy. It is not a standalone signal generator and should be combined with other forms of analysis.
The automatic weights are optimized for Bitcoin (BTC) volatility. For other assets, you may need to adjust the weights manually.
The indicator may require sufficient historical data to calculate higher and lower timeframe values accurately.
