[AIO] Magic Bands

2 בפבר׳ 2023

One of my favorite indicators is the trend-band. It changes color based on the trend, and you can use it as a factor for better analysis.
The default period value is 34, and you can choose to show or hide the sub-band (the gray one).

How do I use it? I use the trend-band to identify and trade retracements, and the sub-band for potential profit-taking points. I usually use it with multi-timeframe analysis to find a good entry.

9 באפר׳ 2023

הערות שחרור

Alert added.
From now you can set an alert each time the price touches the bands.

לפני 5 ימים

הערות שחרור

VERSION CHANGES //version=5 → //version=6

NEW ALERT SETTINGS

• enableBreakAlert - Alert when price breaks Band Level 3 (trend reversal detection)
  
• enableTouchAlert - Alert when price touches buy/sell zones with pullback
  
• pullbackCooldown - Configurable cooldown in bars (1-100) to prevent alert spam after each pullback alert
  

ALERT MESSAGE

• Break Up: "🚀Break Band Level 3 UP - Trend Reversal to Long!"
  
• Break Down: "🚀Break Band Level 3 DOWN - Trend Reversal to Short!"
  
• Touch Buy: "📈Pullback Touch - Buy Zone!"
  
• Touch Sell: "📉Pullback Touch - Sell Zone!"