Bollinger Bands %B (ValueRay)One of the key features of this BB%B is its ability to highlight overbought and oversold conditions. This allows you to make informed decisions on when to enter and exit a trade, helping you maximize your profits and minimize your losses.
- Bollinger Bands %B with the ability to change to a different Time Frame.(Defaults to current Chart Time Frame).
- Ability To Turn On/Off Background Highlighting if BB %B is Above/Below 0 / 1 thresholds.
- Ability To Turn On/Off Background Highlighting when BB %B Crosses back above/unser 0/1 thresholds.
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My personal recommandation use: combine with CM_Ultimate RSI Multi Time Frame (ChrisMoody) and have solid oversold/overbought levels, when hes RSI and my BB %B are bot red/green
Cerca negli script per "bollingerband"
Rails v2Centered around a Variable Moving Average (Rail Line). The Variable Moving Average (VMA) is a study that uses an Exponential Moving Average being able to automatically adjust its smoothing factor according to the market volatility.
In addition to the Rail Line or VMA, the indicator makes use of Bollinger Bands in two ways. First, it displays when the Bollinger Bands are in a squeeze and the potential direction of the breakout. The "squeeze" is the central concept of Bollinger Bands. When the bands come close together, constricting the moving average, it is called a squeeze. A squeeze signals a period of low volatility and is considered by traders to be a potential sign of future increased volatility and possible trading opportunities. The Bollinger Bands are also utilized to highlight when price action might reverse. This signals when price closes outside of the bands, quickly reverts and closes within the bands
The indicator makes use of the Hull Moving Average as a method to quickly capture price action moves thanks to its ability to eliminate lag while managing to improve smoothing at the same time.
Finally, the indicator utilizes Volume Point of Control (VPOC) to determine points in price where the highest amount of volume was traded. Unlike the market profile, the indicator will plot the Volume POC per candle. The script will also plot Trapped Volume. This is important as it tends to serve a signal for reversal. The more price moves away from the trapped volume, Long/Short traders might be forced to cover and price could quickly move away from the area.
DEFAULT SIGNALS: All signals can be turned Off/On by user
Dots = Short Term Trend
Rails Bar Color = Medium Term Trend
Rail Line (VMA) = Long Term Trend
Crossover of Moving Averages = X
Volume Pulse = Large Up/Down Triangle
Potential Bullish Reversal = Light Blue Candle
Potential Bearish Reversal = Pink Candle
Potential Reversal Confirmation = Orange Candle
Squeeze = Shaded White Cloud
Potential Breakout Direction = Small Golden Triangle
Hull Moving Average = Thin Golden Line
Volume POC = Thin Horizontal White Line on Candle
Volume Threshold POC = Thin Horizontal Yellow Line on Candle
Trapped Volume POC = Thin Horizontal Red Line on Candle
Bollinger Band Width Percentile - Multi Time FrameMy plan with this indicator was when trading at short timeframes, to modify my expectations on the potential impact of short term volatility based on volatility in longer timeframes, and when trading on longer timeframes to attempt to find an optimal entry point based on shorter term volatility.
The BBWP is calculated for a short, medium and long timeframe, alerts are triggered at extremities with the ability to filter by moving averages and chart movement. The alerts also trigger a plot to the "Backtest Signal" which can be used to trigger trades in a backtester.
Please see the discussions of how I'm using this indicator in the comments below.
Thanks to The_Caretaker for "Bollinger Band Width Percentile" upon which this multi time frame version is based.
+ %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.
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!
BBT‴ | Bollinger Band Trend Zone‴What does it do?
Makes available to you the BB (Bollinger Bands) in a colored format and provies signal on the right side bar according to a Short, Mid or Long period.
If the candles are going out of the Bands too often, then use the Extended Bollinger Band atributes available to create an extra band around the original ones.
How does it work?
The BB drawing is the exact same as the ordinary one. The big deal here is that the BB shade can be represented by a Short, Mid or Long MA period (7, 20 or 55 period), that you want it to be presented in the shade, which is the same as the MA lines you regularly use. When the MA goes down you have a given color and when the MA goes up you have another given color. This way you don't need to keep looking the MA lines, just perceive the current shade color.
What's my filling?
Makes the quick perception very easy, just look to the chart.
Indicator attributes:
- BB shade color acording to trend
- BB band line colors acording to trend
- right side bar signals color acording to trend
- BB shade can be darker, just drop the box and choose the darker version of it
- Extended Bollinger Band to create an extra band around the original ones
To have access to this indicator, please DM me.
Don't contact me in the comment area.
+ 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. :)
DBT Squeeze Breakout ScannerThe DBT Squeeze Scanner helps you keep an eye on 10 instruments at the same time. It uses a modified version of the DBT Squeeze strategy and scans this strategy against 10 instruments at the same time.
The scanner looks for areas of low volatility signified by a Bollinger Band squeeze and a light blue coloring on the scanner. Once it is squeezing it looks for potential breakout or breakdown opportunities
The scanner has warning signals for both long and short (sell for non margin exchanges) signals, these warning signals are shown as follows:
Light Blue = Bollinger Band Squeeze
Purple = Get ready for a Breakout
Pink = Squeeze has let go and a Breakout is Incoming
Orange = Get ready for a Breakdown
Yellow = Squeeze has let go and a Breakdown is Incoming
All of these signals have their own TradingView alerts. Alerts can be set for anyone of the 10 chosen instruments. Over 10 different kinds of alerts can be setup all at the same time.
This indicator is designed specifically for trending markets, and can be used in many different markets including: Equities, Futures, Commodities, Forex, and Cryptocurrencies. it will give significantly different signals in ranging markets. This indicator is also designed to be 100% preference, PLEASE make sure to choose which 10 instruments you want to watch, the defaults are just some of the major Cryptocurrencies.
Use at your own risk. This is not financial advise and this indicator is not guaranteed to make you profits. Please message me if you have any questions or feedback. Enjoy.
MADE BY GYROMATICAL
MACD+BB (SH v1.1)Twitter: @DrSHelmet. All credit and thanks to @cryptobiasfunke for this strategy.
Disclaimer: I take no responsibility for your usage of this indicator.
Description:
Indicator version: 1.1
This custom script plots the MACD histogram, applies Bollinger bands to the histogram, and then colours the Bollinger bands in different colours depending on whether the bands are contracting or expanding.
Suggested strategy:
Periods of low volatility, seen in a Bollinger band pinch, are followed by large moves (BB expansion). A contraction of the MACD BB may similarly precede a significant move in price. This indicator allows you to see when such a move may be starting, by watching for colour change (default: blue-->orange) on the BB lines after a BB pinch has occured. If the MACD histogram is increasing in magnitude and surfing the BB in a certain direction, this suggests a price move is starting in the direction of the histogram.
Intended for short-timeframe scalping (<1hr charts), but initial testing suggests some validity on higher timeframes.
Bollinger Bands SqueezeEnglish:
Simple histogram, showing Squeeze of Bollinger Bands.
Usage is simple - when price is in Squeeze, no entries in any direction. For using with Bollinger Bands indicator, including binary options.
Russian
Простой индикатор, наглядной отображающий стадию Сжатия лент Боллинджера.
Простой в использовании - когда цена в Сжатии - не входим в сделку. Особенно эффективен при связке с индикатором лент Боллинджера и входе в сделку при раскрытии лент. Также применим для бинарных опционов
Example/Пример
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
Zero Lag MTF Moving Average by CoffeeshopCryptoBased on Moving Average Types supplied by @TradingView www.tradingview.com
Ideas and code enhanced to show higher timeframe by @CoffeeShopCrypto
It’s time to take the guesswork out of moving averages and multiple timeframes when day trading. Moving averages are a cornerstone of many trading strategies, often viewed as dynamic support and resistance levels. Traders rely on these levels to anticipate price reactions, whether it’s a bounce in a trending market or a reversal in a ranging one. Additionally, the direction and alignment of multi timeframe moving averages—whether they’re moving in the same direction or diverging—provide critical clues about market momentum and potential reversals. However, the traditional higher timeframe moving average indicators force traders to wait for higher timeframe candles to close, creating lag and missed opportunities.
The Old Way
For example: If you are on a 5 minute chart and you want to observe the location and direction of a 30 minute chart Moving Average, you'll need to wait for a total of 6 candles to close, and again every 6 candles after that. This only creates more lag.
The New Way
Now there is no waiting for high timeframe session candles to close. No matter what timeframe Moving Average you want to know about, this indicator will show you its location on your current chart at any time in real time.
For those who prefer Bollinger Bands, this indicator adds a whole new dimension to your strategy. Traders often wait for price action to break outside the lower time frame Bollinger bands before considering a trade, while still seeking key support or resistance levels beyond them. But if you don't know the position of your higher time frame Bollinger, you could be trading into a trap. With Zero Lag Multi Timeframe Moving Average, you can view both your current and higher timeframe Bollinger Bands simultaneously with zero waiting. This lets you instantly see when price action is traveling between the bands of either timeframe or breaking through both—indicating a strong trend in that direction. Additionally, when both sets of Bollinger Bands overlap at the same price levels, it highlights areas of strong consolidation and ranging conditions, giving you a clear picture of market dynamics. This is a key element in price action that tells you there is currently no direction to the market and both the current and higher time frames are flat.
Enter Zero Lag Multi Timeframe Moving Average—the ultimate tool for real-time higher timeframe moving averages and Bollinger Bands. This innovative indicator eliminates the delay, delivering instant, precise values for higher timeframe averages and bands, even on open candles. Seamlessly combining current and higher timeframe data, it allows traders to identify key moments where moving averages or Bollinger Bands align or diverge, signaling market conditions. Whether you’re gauging the strength of a trend, pinpointing potential reversals, or identifying consolidation zones, Zero Lag Multi Timeframe Moving Average gives you the clarity needed to make better trading decisions according to market conditions.
Why is this "Mashup" of moving averages different and important?
Honestly its really about the calculation thats imported through the "import library" function.
Heres what it does:
The ZLMTF-MA is designed to help traders easily see where higher timeframe moving averages and Bollinger Bands are—without needing to switch chart timeframes or wait for those larger candles to close. It works by adjusting common moving average types like SMA, EMA, and VWMA to show what they would look like if they were based on a higher timeframe, right on your current chart. This helps users stay focused on their main timeframe while still having a clear view of the bigger picture, making it easier to spot trend direction, key support and resistance levels, and overall market structure. The goal is to keep things simple, fast, and more visually informative for everyday traders.
Bollinger Bands
When working with Bollinger Bands, a common strategy is to take the trades once price action has escaped through the top or bottom of your current Bollinger Band.
A false breakout occurs when both Bollinger Bands are not moving in the same direction as eachother or when they are overlapping.
Moving Averages as Support and Resistance:
Traders who use Moving Averages as support or resistance, looking for rejections or failures of these areas can now see multiple timeframe price action instantly and simultaneously.
Trading Setup Examples:
Price Action Scenario 1:
Higher Timeframe Ranging-
When price action breaks through a current moving average headed toward a higher timeframe moving average, trades are taken with caution if the moving averages are converging.
Price Action Scenario 2:
Strong Trending Market -
If the moving averages are in the same direction, and your price action is now leading the low timeframe moving average, you have re-entered a strong trend.
Price Action Scenario 3:
High Timeframe Rejections -
If you have a rejection of a higher timeframe moving average, and your both averages are still diverging, this is the end of a pullback as you re-enter a strong trend in the original direction
Price Action Scenario 4:
Trend Reversals -
If you close beyond both the low and high timeframe moving averages, you can consider that price action is strong enough to change direction here and you should prepare for trade setups in the opposite direction of the previous.
HTF MA Label Information:
Even if your high timeframe moving average is turned off, you can still see this label.
It gives you a quick reminder of what high timeframe settings you have used to see MA values.
Johnny's Adjusted BB Buy/Sell Signal"Johnny's Adjusted BB Buy/Sell Signal" leverages Bollinger Bands and moving averages to provide dynamic buy and sell signals based on market conditions. This indicator is particularly useful for traders looking to identify strategic entry and exit points based on volatility and trend analysis.
How It Works
Bollinger Bands Setup: The indicator calculates Bollinger Bands using a specified length and multiplier. These bands serve to identify potential overbought (upper band) or oversold (lower band) conditions.
Moving Averages: Two moving averages are calculated — a trend moving average (trendMA) and a long-term moving average (longTermMA) — to gauge the market's direction over different time frames.
Market Phase Determination: The script classifies the market into bullish or bearish phases based on the relationship of the closing price to the long-term moving average.
Strong Buy and Sell Signals: Enhanced signals are generated based on how significantly the price deviates from the Bollinger Bands, coupled with the average candle size over a specified lookback period. The signals are adjusted based on whether the market is bullish or bearish:
In bullish markets, a strong buy signal is triggered if the price significantly drops below the lower Bollinger Band. Conversely, a strong sell signal is activated when the price rises well above the upper band.
In bearish markets, these signals are modified to be more conservative, adjusting the thresholds for triggering strong buy and sell signals.
Features:
Flexibility: Users can adjust the length of the Bollinger Bands and moving averages, as well as the multipliers and factors that determine the strength of buy and sell signals, making it highly customizable to different trading styles and market conditions.
Visual Aids: The script vividly plots the Bollinger Bands and moving averages, and signals are visually represented on the chart, allowing traders to quickly assess trading opportunities:
Regular buy and sell signals are indicated by simple shapes below or above price bars.
Strong buy and sell signals are highlighted with distinctive colors and placed prominently to catch the trader's attention.
Background Coloring: The background color changes based on the market phase, providing an immediate visual cue of the market's overall sentiment.
Usage:
This indicator is ideal for traders who rely on technical analysis to guide their trading decisions. By integrating both Bollinger Bands and moving averages, it provides a multi-faceted view of market trends and volatility, making it suitable for identifying potential reversals and continuation patterns. Traders can use this tool to enhance their understanding of market dynamics and refine their trading strategies accordingly.
Best scalping toolExplanation:
This script is a comprehensive indicator that combines three essential technical analysis tools: Money Flow Index (MFI), Relative Strength Index (RSI), and Bollinger Bands (Bollinger %B). It provides insights into market conditions related to cross points of mfi,rsi and B%B.
A buy condition is created when the last candle RSI and MFI are under the bollinger bands, and then in the actual candle the RSI cross up the bollinger low band.
A sell condition is created when the last candle RSI and MFI are above the bollinger bands, and then in the actual candle the RSI cross down the bollinger high band.
Key Components:
MFI (Money Flow Index):
Utilizes the MFI indicator based on a specified length.
Overbought and oversold levels (80 and 20, respectively).
RSI (Relative Strength Index): (Adapted to the mfi chart)
Allows selection of different moving average types (SMA, EMA, etc.) for the RSI calculation.
RSI along with upper and lower bands (70 and 30).
Bollinger Bands:
Provides upper and lower Bollinger Bands based on the RSI's standard deviation.
Visualization Options:
Allows the user to choose between show the buy (green arrow) and the sell (red arrow) .
How It Works:
The indicator amalgamates these three powerful technical indicators to help traders identify potential entry or exit points. The green arrow its a buy signal and the red arrow is a sell signal.
By offering configurable settings and clear visual cues, this indicator assists traders in recognizing critical market conditions and potential trading opportunities.
Disclaimer: This indicator should be used as a tool in a broader trading strategy and not solely for making trading decisions. It's recommended to combine it with other technical or fundamental analysis for comprehensive trading decisions.
Banded Chikou Breakout — Quantifying Ichimoku MomentumTitle: Banded Chikou Breakout — Quantifying Ichimoku Momentum
Overview:
Banded Chikou Breakout (BCB) is a unique, algorithmic script designed to augment the capabilities of traders seeking substantial breakout opportunities. Constructed on the robust principles of the Ichimoku trading strategy, BCB is designed to quantify and filter the Chikou Span's significant breakouts above or below the price action. This script does not aim to replace the Ichimoku system; instead, it enhances it, providing an optimized tool for momentum trading.
Rationale:
Ichimoku traders often scrutinize the Chikou Span's position relative to price action to identify market trends. However, determining whether the Chikou Span is above or below due to a genuine trend or mere market noise can be challenging in choppy markets. BCB resolves this predicament by offering a unique way to interpret the Chikou Span's movement. It does so by quantifying the Chikou Span's momentum and utilizing Bollinger Bands to determine its significance. By effectively differentiating substantial movements from the insignificant, BCB can help traders better navigate the market and increase their potential for profitable trades.
How it Works:
BCB combines three key elements: a Momentum Script (simulating Chikou Span), a Bollinger Band Script, and a Timeframe Switcher, all working together to provide a refined trading perspective.
Momentum Script: Calculates the price difference between the current price and the price 'n' periods ago, transforming the Chikou Span into a quantifiable momentum value that signifies the strength and speed of a market move.
Bollinger Band Script: Computes a Simple Moving Average (SMA) around the momentum, plotting two 'bands' at a specified standard deviation from this SMA. This functionality allows traders to discern when the Chikou Span's momentum is abnormally high or low, signifying a potential significant breakout.
Timeframe Switcher: This feature lets traders apply the BCB script to a different timeframe from the one they are currently viewing. This capability can help traders identify higher timeframe breakouts and trade them with precision on the lower timeframe.
How to Use:
BCB is designed to complement the Ichimoku strategy for effective breakout identification.
Add the BCB script to your trading chart. It plots the momentum (yellow line) and Bollinger Bands (green lines) with the area between the bands shaded blue.
Utilize the Ichimoku strategy to identify larger and smaller timeframe trends.
Optional: Leverage the timeframe switcher to synchronize your trades with higher timeframe trends while operating on lower timeframes.
If the BCB momentum line crosses the upper Bollinger Band while the Ichimoku indicates a bullish trend, it signifies a potential significant upward breakout. Similarly, a cross below the lower band during a bearish trend could denote a significant downward breakout.
Remember, without the context provided by the Ichimoku system's trend analysis, BCB can yield false breakouts. It is, therefore, crucial to use these tools in tandem. I like to check for an Ichimoku trend on the 4H and 1H charts, and then use BCB on charts <60 minutes to capture trends with precision.
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!
SUPER MACD📈 MACD Indicator Update - Version 2
🔹 New Features and Improvements:
1️⃣ New MACD Calculation Options:
Users can now choose from various Moving Averages to calculate the MACD. The default options are SMA (Simple Moving Average) and EMA (Exponential Moving Average), but there are 14 other versions available to experiment with:
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
WMA (Weighted Moving Average)
RMA (Smoothed Moving Average)
HMA (Hull Moving Average)
JMA (Jurik Moving Average)
DEMA (Double Exponential Moving Average)
TEMA (Triple Exponential Moving Average)
LSMA (Least Squares Moving Average)
VWMA (Volume-Weighted Moving Average)
SMMA (Smoothed Moving Average)
KAMA (Kaufman’s Adaptive Moving Average)
ALMA (Arnaud Legoux Moving Average)
FRAMA (Fractal Adaptive Moving Average)
VIDYA (Variable Index Dynamic Average)
2️⃣ Improved Input Visibility and Organization:
We’ve reorganized the inputs so that the most commonly used ones are now placed at the beginning for quicker and more convenient configuration.
3️⃣ Bug Fixes and Code Improvements:
Minor bugs have been fixed, and the code has been optimized for better stability and performance. The code is now cleaner and fully functional in version 6.
4️⃣ Cometreon Public Library Integration:
To lighten the code and improve its modularity, we’ve integrated the Cometreon public library. This makes the code more efficient and reduces the need to duplicate common functions.
☄️ With this update, the MACD indicator becomes even more versatile and user-friendly, offering a wide range of calculation methods and an improved interface!
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)
Sentinel Program - A Bollinger Band Strategy, with alertsThis script plots the Bollinger Bands and confirms entry and exits by using RSI values, Stoch, and ADX Curve. Works on any time-frame.
The scope of the script is to reduce the number of fake breakouts to prevent further declines when entering positions. Often times when using Bollinger bands, a close below the lower band presents a buying opportunity but there is further movent to the downside and vise versa when taking profits.
Entry Conditions
Prior candle low below lower band
RSI above 30
Stochastic crossover above 20
ADX curve greater than 25
Exit Conditions
Prior candle highw above upper band
RSI crosses below 70
Stochastic crossunder above 80
Each of the above values can be adjusted in the inputs menu to fine-tune your entry and exit positions.
Using COINBASE:ETHUSD we can see that the conditions have been met before plotting buy and sell signals.
I have added alerts to help identify possible entry and exits and from there I manually enter or exit / adjust stop-loss. For example, sometimes it will print a sell signal because stochastic crossed over but RSI is still rising so I will adjust a tighter stop-loss to capture further gain if they are there.
Test it out, adjust the settings to see if you can find better results, and let me know!
Fibonacci Bollinger Bands Alerts [QuantNomad]These are alerts for my Fibonacci Bollinger Bands Strategy. You can find more details and strategy description in it:
It's a pro indicator, you can have access to it for a small fee. Link to my PRO indicators you can find in my signature.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.
ORTI Bollinger Bands V3 (Static Timeframe Multi-Period)The "ORTI Bollinger Bands V3 (Static Timeframe Multi-Period MA)" is public scrypt, based in a previous study, but with some better functions (“ORTI Bollinger Bands V2 (Static Timeframe Multi-Period MA”).
This is a redesigned and recalculated set of the common plotted lines with the typical two "Standard Deviations" (positively and negatively) away from the original calculation of a "Simple Moving Average" of the security's price.
But now, with the option to convert the "Simple Moving Average" to adapt into 9 different kinds of "Moving Averages", to have a much more robust indicator which in turn would serve both as "Bollinger Bands" and by any of the most used "Moving Averages", a hybrid basically.
The following options to convert the "Simple Moving Average" ( SMA ) to:
• Exponential Moving Average ( EMA )
• Weighted Moving Average ( WMA )
• Arnaud Legoux Moving Average ( ALMA )
• Hull Moving Average ( HMA )
• Volume-weighted Moving Average ( VWMA )
• Least Square Moving Average ( LSMA )
• Smoothed Moving Average ( SMMA )
• Double Exponential Moving Average ( DEMA )
The cherry on the top , for this private version: is when you want to get a predetermined count in "natural temporalities" as minutes, hours or days, in any graph you could get a static average, and this count will be automatically respected. For example, a "Moving Average" could be configurated to know a trend per day, week or month... or whatever comes to mind, and at every single chart that you move through (5m, 15m, 1h, 4h, etc), you will see the same average to make your own "trend analysis" into a micro/macro market view.
As in traditional "Bollinger Bands", the "Standard Deviations" are still a measure of volatility , when markets become more volatile, bands widen, during the less volatile periods, the bands contract.
A common fact in trading is that, prices vary most of the time and there is a lot of truth in this assertion, since the markets consolidate mainly as bullish andbearish . Market trends are sometimes very rare, so trading them may not be as easy as you might think. If we look at prices in this way, we can define the trend as a deviation from the norm (rank).
Usually, most Traders use “Moving Averages” to identify commercial areas and analyze markets. A “Moving Average” helps the Trader isolate the trend a lot and can also indicate when a trend may be receding.
The importance of using any of the “Moving Averages” in the “Bollinger Bands”, becomes a reality and reveals the average price of a marketable instrument in a given period of time. However, there are different ways to calculate the averages, and that is why there are different types of “Moving Averages”. They are called "in motion" because, as the price moves, new data is added to the calculation, thus changing the average.
The base of the “Bollinger Bands” measures and represents the deviation or volatility of the price and this is the reason why they can be very useful to identify a trend. Even the use of two sets of “Bollinger Bands”, one generated with the parameter "one Standard Deviation" and the other with the typical configuration of "two Standard Deviations", can help us to see the price in a different way.
Another great advantage of “Bollinger Bands” is that, they adjust dynamically as volatility increases and decreases. As a result, the “Bollinger Bands” automatically expand and contract in synchronization with the price action, creating an envelope of precise trends.
Note: The previous calculation example is not the default, the parameters can be adjusted according to the criteria of the merchant.
As everyone knows, and as you can find on the internet, the "Moving Averages" are one of the most commonly used technical indicators in Stock, Futures , Forex and Crypto trading. Market analysts and traders, use "Moving Averages" to help identify trends in price fluctuations, smoothing out the noise and short-lived spikes (from news and earnings announcements, for example) for individual securities or indexes.
They are calculated by adding recent closing prices and then dividing that by the number of time periods in the calculation average. A simple, or arithmetic, a "Moving Average" that is calculated by adding the closing price of the security for several time periods and then dividing this total by that same number of periods. Short-term averages respond quickly to changes in the price of the underlying, while long-term averages are slow to react.
There are different types of "Moving Averages", calculated in different ways and over different time periods, which reveal different information for traders. The type of "Moving Average" and measurement period used determine the strategies a trader implements. So, many traders watch for short-term averages to cross above longer-term averages to signal the beginning of an uptrend. Short-term averages can act as levels of support when the price experiences a pullback.
As is usual, traders and market analysts commonly use several periods in creating "Moving Averages" to plot on their charts. For identifying significant, long-term support and resistance levels and overall trends, but they only consider the 50-day, 100-day and 200-day moving averages as the most common. Based on historical statistics, these longer-term moving averages are considered more reliable trend indicators and less susceptible to temporary fluctuations in price.
There is such popular trading patterns that use "Simple Moving Averages" include the “death cross” and a “golden cross”. A “death cross” occurs when the short period "Moving Average" crosses below the long period "Moving Average" and this is considered abearish signal that further losses are in store; the “golden cross” occurs when a short-term "Moving Average" breaks above a long-term moving average, this can signal further gains are in store, that is interpreted as bearish .
The 5-, 10-, 20-, and 50-day moving averages are often used to spot near-term trend changes. Changes in direction by any of these shorter-term "Moving Averages" are watched as possible early clues to longer-term trend changes. Crossovers of the 50-day moving average by either the 10-day or 20-day "Moving Averages" are regarded as significant. The 10-day "Moving Average", plotted on an hourly chart, is frequently used to guide traders in intraday trading.
For more technical information: Investopedia
But why we have to use in our TECHNICAL ANALYSISthe same Moving Averages (10, 20, 30, 50, 100 and 200) for all time frame OHLC charts (1m, 5m, 15m, 1h, 4h, 1d, 1w and 1m)? That does not make any sense.
This is when you must go back to (statistic) basics: reliability and validity are a very important aspects of selecting a survey instrument. Reliability refers to the extent that the instrument yields the same results over multiple trials. Validity refers to the extent that the instrument measures what it was designed to measure.
Content validity measures the extent to which the items that comprise the scale accurately represent or measure the information that is being assessed. Are the real traders answering this question, that are asked representative of the possible data that they are trying to read? Well, I think maybe not.
Such as correlations, to verify the relevance of the “timeframe” questions, we could start at… Operation hours, the first data that has you should find may be is correlated with questions from: Does your trend indicator has a straight relationship of time under your time-analisys examination to determine if validity is present? If the scores are highly correlated, it is called convergent validity, then if convergent validity exists and validity is supported.
Criterion-related validity has to do with how well works the counting from the instrument, as a known outcome they are expected in a real, natural and measurable lapse time. Such as correlations are used to determine if criterion-related validity your counting data, would must be at: minutes, days, weeks, months, etc.
That is when we start with the rhythm, as in music. If your trading day in operation at Forex is made up of 24-hours, during 5-days of the week, there you have your first clue. Now, what did you want and have to measure? Well, first of all you need a daily, weekly and monthly count to begin with all your indicators.
For some reason, there are a lot of questions about time and calendars which all are answered by reference to astrology, because the original purpose of astrology was to create a reliable method of measuring the passage of time, the clock by which we live our lives: 12 Hours. It is very interesting!
Even though there are really 24 hours in a day, but therefore you would think we should have 12-time units in our day, not 24, each of which is twice as long as our current hour. But the only reason we would think like this is because we have forgotten about the way ancient astrology divides the time lapses into smaller units.
And now, the next step is when you should refresh your elementary school classes, those mathematics that I'm pretty sure you so hated: relation of prime numbers, compound numbers, divisible numbers and multiples.
You may think about the relationship that exists between the time period and the operative session, as well as the chart that you are consulting; so then, you must find the ideal configuration of those numbers that are only divisible between themselves and 1, or the numbers that besides being divisible by themselves and the unit and are also divisible by other numbers.
For example: for an hourly chart, if a day is divided into 24-hours in base of the number 12, is because it has a larger number of integer factors: 12/6=2, 12/4=3, 12/3=4, 12/2=6. Son then, all of your other indicators should find this relation.
This is when you must start questioning yourself, if you are really working with an adequate configuration of Moving Averages and Oscillators?
Another example:
• Relative Strength Index (14)
• Stochastic %K (14, 3, 3)
• Commodity Channel Index (20)
• Average Directional Index (14)
• Momentum (10)
• MACD Level (12, 26, 9)
• Stochastic RSI Fast (3, 3, 14, 14)
• Williams Percent Range (14)
• Ultimate Oscillator (7, 14, 28)
