If your trading strategy is to sell the RIPs and buy the DIPs, this is an indicator for you. This is based on the multi band indicator present here: Code is simplified to generate as many bands as possible and hence divide price into as many states as possible based on these bands. Moving Average Type defines what moving average to be considered for Bollinger...
Formula for bollinger bands is as below: Mid = sma(20) Top = sma(20) + 2*StdDev(20) Bottom = sma(20) - 2*StdDev(20) While standard bollinger bands allow changing standard deviation and length, there is no option to use different moving average. This indicator allows you to define bollinger bands based on different moving average types which can be selected from input.
This uses a Rescaled Range from Benoit Mandelbrot's Misbehavior of Markets to devise a Risk Range on stocks. A trading position can be managed by selling portions at the top of the risk range and selling at the bottom of the risk range. The Length parameter defines how wide the range is and how frequently the price will reach the range bands. The Vol Length...
This is an indicator that prints buy and sell signals based off the conditions that are met and this strategy itself can be really good when used correctly and do not use this when you are looking at news pair or any pairs of high volatility and this can be done through looking at the market research on the forex.com website. This strategy uses the bollinger...
Companion script for Squeeze Momentum Indicator that plots the signal on chart.
Script Modified from LazyBear Original TTM Sqz Script
For those who interested, here is a Bitcoin Strength Index source code. I used it on weekly chart with params (close,28). And only with Bitcoin . And only during bull run. It shows how far price went off the particular moving average during bubble run (i.e. being above BB). Weekly MA 28 is approximately daily ma 200. The physical meaning of this indicator is to...
Detect sideways markets (green background) vs. trending markets (red background) with this indicator. It makes use of the Bollinger bands % as its base.
EN: This Algorithm is a derivative of John Carter's "TTM Squeeze" volatility indicator. Many strategists have taken the indicator on Tradingview with simple moving averages and have looked at the biggest mistake only by dealing with squeeze and exit processes to squeeze. But I used the algorithm to determine where the markets would actually explode. For example,...
EN: This Algorithm is a derivative of John Carter's "TTM Squeeze" volatility indicator. Many strategists have taken the indicator on Tradingview with simple moving averages and have looked at the biggest mistake only by dealing with squeeze and exit processes to squeeze. But I used the algorithm to determine where the markets would actually explode. For example,...
What? Who the hell wants to put 6 oscillators on their chart when you can get a quick overview with a simple heatmap. Content This indicator contains: RSI heatmap (relative strength index) VZO heatmap (volume zone oscillator) MFI heatmap (money flow index) CCI heatmap (commodity channel index) BBP heatmap (bollinger band percentage) DMI...
The script is inspired by Bollinger bands but instead of applying them on the price, they are applied on a RSI oscillator. The standard deviation is not plotted against the average like in normal BBs but instead is based on median values (equivalent of a Kijun in Ichimoku ). The goal is to better identify excess in prices that offer good entering points. The usage...
This indicator uses different volatility channels - Bollinger Band, Donchian Channel and Keltner Channel width to measure volatility. Indicator plots channel bandwidth percentage with respect to close price. This is not same as Bollinger Percent B - which is measure of where price is with respect to band. Instead this indicator is similar to ATR Percent...
This RSIPRO indicator is based on RSI , BB and EMA and it has LONG/SHORT alerts for signals In script settings you can specify: 1) Dispertion value, 0.15 by default. Dispertion around bolinger bands with RSI as source signal. 2) Use smoothing option and smooth factor value (3 by default). It smoothes RSI with moving average filter. 3) Enable/Disable filter to...
Overview KAMA : Kaufmann's Adaptive moving Average if used correctly can help us get good signals to start working on, This indicator uses 4 different kamas and Vwap for Average weighting The Average Weight is calulated by AverageWeight =( VWAP+ Kama1+ Kama2 + Kama3 + Kama4)/5 After the Average Weights are calculated Standard Deviation Bands of 2sigma and a...
Another adoption of supertrend. This time based on different channels - Bollinger Band, Keltner Channel, Donchian Channel and Pivot point based Donchian channel. When price hits top of bands, it is considered as start or continuation of uptrend. When price hits bottom of the band it is considered as start or continuation of downtrend. Hence, supertrend is drawn...
This code is based on Smoothed HA candle which will work on all chart types condition for BUY: 1. When close crosses Smoothed HA 2.Close should be in side upper band 3.BBW must be greater than the average vice versa for sell this code takes data from HA chart so that it can be applied on all chart type. Bollinger band and Bollinger band width conditions added...
The Donchian Dip This strategy is designed to look for good "Buy the Dip" entries on stocks that are clearly in a strong 1-year upward trend. If you do not know how to identify those stocks on your own please do not use this system or continue your education until you do. The Donchian Dip strategy was designed on the daily time frame but works amazingly well on...