Fibonacci & Bollinger Bands StrategyThis strategy combines Bollinger Bands and Fibonacci retracement/extension levels to identify potential entry and exit points in the market. Here’s a breakdown of each component and how the strategy works:
1. Bollinger Bands:
Bollinger Bands consist of a simple moving average (SMA) and two standard deviations (upper and lower bands) plotted above and below the SMA. The bands expand and contract based on market volatility.
Purpose in Strategy:
The lower band represents an area where the market might be oversold.
The upper band represents an area where the market might be overbought.
The price crossing these bands suggests overextended market conditions, which can be used to identify potential reversals.
2. Fibonacci Retracement and Extension Levels:
Fibonacci retracement levels are horizontal lines that indicate where price might find support or resistance as it retraces some of its previous movement. Common retracement levels are 61.8% and 78.6%.
Fibonacci extension levels are used to project areas where the price might extend after completing a retracement. These levels can help determine potential targets after a significant price movement.
Purpose in Strategy:
The strategy calculates the most recent swing high (fibHigh) and swing low (fibLow) over a lookback period. It then plots Fibonacci retracement and extension levels based on this range.
The Fibonacci levels are used as key support and resistance areas. The price approaching or touching these levels signals potential turning points in the market.
3. Entry Criteria:
A long position (buy) is triggered when:
The price crosses below the lower Bollinger Band, indicating an oversold condition.
The price is near or above a Fibonacci extension level (calculated based on the most recent price swing).
This suggests that the price is potentially reaching a strong support area, where a reversal is likely.
4. Exit Criteria:
The long position is closed (exit trade) when either:
The price touches or crosses the upper Bollinger Band, signaling an overbought condition.
The price reaches a Fibonacci retracement level or exceeds the recent swing high (fibHigh), indicating a potential exhaustion point or a reversal area.
5. General Strategy Logic:
The strategy takes advantage of market volatility (captured by the Bollinger Bands) and key support/resistance levels (determined by Fibonacci retracement and extension levels).
By combining these two techniques, the strategy identifies potential entry points at oversold levels with the expectation that the market will retrace or reverse upward, especially when near key Fibonacci extension levels.
Exit points are identified by potential overbought levels (Bollinger upper band) or key Fibonacci retracement levels, where the price might reverse downward.
6. Conditions to Execute the Strategy:
The Fibonacci levels are only calculated once the price has made a significant movement, establishing a recent high and low over a 50-bar period (which you can adjust). This ensures the Fibonacci levels are based on meaningful swings.
The entry and exit signals are filtered using both Bollinger Bands and Fibonacci levels to ensure that trades are not taken solely based on one indicator, thus reducing false signals.
Key Features of the Strategy:
Trend-following with reversal: It tries to catch reversals when the price hits extreme levels (Bollinger Bands) while respecting important Fibonacci levels.
Dynamic market adaptation: The strategy adapts to market conditions as it recalculates Fibonacci levels based on recent price swings and adjusts the Bollinger Bands for market volatility.
Confirmation through multiple indicators: It uses both the volatility-based signals from Bollinger Bands and the price structure from Fibonacci levels to confirm trade entries and exits.
Summary of the Strategy:
The strategy looks to buy low and sell high based on oversold/overbought signals from Bollinger Bands and Fibonacci levels that indicate key support and resistance zones.
By combining these two technical indicators, the strategy aims to reduce risk and increase accuracy by only entering trades when both indicators suggest favorable conditions.
חפש סקריפטים עבור "bands"
Ehlers Ultimate Bands (UBANDS)UBANDS: ULTIMATE BANDS
🔍 OVERVIEW AND PURPOSE
Ultimate Bands, developed by John F. Ehlers, are a volatility-based channel indicator designed to provide a responsive and smooth representation of price boundaries with significantly reduced lag compared to traditional Bollinger Bands. Bollinger Bands typically use a Simple Moving Average for the centerline and standard deviations from it to establish the bands, both of which can increase lag. Ultimate Bands address this by employing Ehlers' Ultrasmooth Filter for the central moving average. The bands are then plotted based on the volatility of price around this ultrasmooth centerline.
The primary purpose of Ultimate Bands is to offer traders a clearer view of potential support and resistance levels that react quickly to price changes while filtering out excessive noise, aiming for nearly zero lag in the indicator band.
🧩 CORE CONCEPTS
Ultrasmooth Centerline: Employs the Ehlers Ultrasmooth Filter as the basis (centerline) for the bands, aiming for minimal lag and enhanced smoothing.
Volatility-Adaptive Width: The distance between the upper and lower bands is determined by a measure of price deviation from the ultrasmooth centerline. This causes the bands to widen during volatile periods and contract during calm periods.
Dynamic Support/Resistance: The bands serve as dynamic levels of potential support (lower band) and resistance (upper band).
🧮 CALCULATION AND MATHEMATICAL FOUNDATION
Ehlers' Original Concept for Deviation:
John Ehlers describes the deviation calculation as: "The deviation at each data sample is the difference between Smooth and the Close at that data point. The Standard Deviation (SD) is computed as the square root of the average of the squares of the individual deviations."
This describes calculating the Root Mean Square (RMS) of the residuals:
Smooth = UltrasmoothFilter(Source, Length)
Residuals = Source - Smooth
SumOfSquaredResiduals = Sum(Residuals ^2) for i over Length
MeanOfSquaredResiduals = SumOfSquaredResiduals / Length
SD_Ehlers = SquareRoot(MeanOfSquaredResiduals) (This is the RMS of residuals)
Pine Script Implementation's Deviation:
The provided Pine Script implementation calculates the statistical standard deviation of the residuals:
Smooth = UltrasmoothFilter(Source, Length) (referred to as _ehusf in the script)
Residuals = Source - Smooth
Mean_Residuals = Average(Residuals, Length)
Variance_Residuals = Average((Residuals - Mean_Residuals)^2, Length)
SD_Pine = SquareRoot(Variance_Residuals) (This is the statistical standard deviation of residuals)
Band Calculation (Common to both approaches, using their respective SD):
UpperBand = Smooth + (NumSDs × SD)
LowerBand = Smooth - (NumSDs × SD)
🔍 Technical Note: The Pine Script implementation uses a statistical standard deviation of the residuals (differences between price and the smooth average). Ehlers' original text implies an RMS of these residuals. While both measure dispersion, they will yield slightly different values. The Ultrasmooth Filter itself is a key component, designed for responsiveness.
📈 INTERPRETATION DETAILS
Reduced Lag: The primary advantage is the significant reduction in lag compared to standard Bollinger Bands, allowing for quicker reaction to price changes.
Volatility Indication: Widening bands indicate increasing market volatility, while narrowing bands suggest decreasing volatility.
Overbought/Oversold Conditions (Use with caution):
• Price touching or exceeding the Upper Band may suggest overbought conditions.
• Price touching or falling below the Lower Band may suggest oversold conditions.
Trend Identification:
• Price consistently "walking the band" (moving along the upper or lower band) can indicate a strong trend.
• The Middle Band (Ultrasmooth Filter) acts as a dynamic support/resistance level and indicates the short-term trend direction.
Comparison to Ultimate Channel: Ehlers notes that the Ultimate Band indicator does not differ from the Ultimate Channel indicator in any major fashion.
🛠️ USE AND APPLICATION
Ultimate Bands can be used similarly to how Keltner Channels or Bollinger Bands are used for interpreting price action, with the main difference being the reduced lag.
Example Trading Strategy (from John F. Ehlers):
Hold a position in the direction of the Ultimate Smoother (the centerline).
Exit that position when the price "pops" outside the channel or band in the opposite direction of the trade.
This is described as a trend-following strategy with an automatic following stop.
⚠️ LIMITATIONS AND CONSIDERATIONS
Lag (Minimized but Present): While significantly reduced, some minimal lag inherent to averaging processes will still exist. Increasing the Length parameter for smoother bands will moderately increase this lag.
Parameter Sensitivity: The Length and StdDev Multiplier settings are key to tuning the indicator for different assets and timeframes.
False Signals: As with any band indicator, false signals can occur, particularly in choppy or non-trending markets.
Not a Standalone System: Best used in conjunction with other forms of analysis for confirmation.
Deviation Calculation Nuance: Be aware of the difference in deviation calculation (statistical standard deviation vs. RMS of residuals) if comparing directly to Ehlers' original concept as described.
📚 REFERENCES
Ehlers, J. F. (2024). Article/Publication where "Code Listing 2" for Ultimate Bands is featured. (Specific source to be identified if known, e.g., "Stocks & Commodities Magazine, Vol. XX, No. YY").
Ehlers, J. F. (General). Various publications on advanced filtering and cycle analysis. (e.g., "Rocket Science for Traders", "Cycle Analytics for Traders").
Volume-Weighted Pivot BandsThe Volume-Weighted Pivot Bands are meant to be a dynamic, rolling pivot system designed to provide traders with responsive support and resistance levels that adapt to both price volatility and volume participation. Unlike traditional daily pivot levels, this tool recalculates levels bar-by-bar using a rolling window of volume-weighted averages, making it highly relevant for intraday traders, scalpers, swing traders, and algorithmic systems alike.
-- What This Indicator Does --
This tool calculates a rolling VWAP-based pivot level, and surrounds that central pivot with up to five upper bands (R1–R5) and five lower bands (S1–S5). These act as dynamic zones of potential resistance (R) and support (S), adapting in real time to price and volume changes.
Rather than relying on static session or daily data, this indicator provides continually evolving levels, offering more relevant levels during sideways action, trending periods, and breakout conditions.
-- How the Bands Are Calculated --
Pivot (VWAP Pivot):
The core of this system is a rolling Volume-Weighted Average Price, calculated over a user-defined window (default 20 bars). This ensures that each bar’s price impact is weighted by its volume, giving a more accurate view of fair value during the selected lookback.
Volume-Weighted Range (VW Range):
The highest high and lowest low over the same window are used to calculate the volatility range — this acts as a spread factor.
Support & Resistance Bands (S1–S5, R1–R5):
The bands are offset above and below the pivot using multiples of the VW Range:
R1 = Pivot + (VW Range × multiplier)
R2 = R1 + (VW Range × multiplier)
R3 = R2 + (VW Range x multiplier)
...
S1 = Pivot − (VW Range × multiplier)
S2 = S1 − (VW Range × multiplier)
S3 = S2 - (VW Range x multiplier)
...
You can control the multiplier manually (default is 0.25), to widen or tighten band spacing.
Smoothing (Optional):
To prevent erratic movements, you can optionally toggle on/off a simple moving average to the pivot line (default length = 20), providing a smoother trend base for the bands.
-- How to Use It --
This indicator can be used for:
Support and resistance identification:
Price often reacts to R1/S1, and the outer bands (R4/R5 or S4/S5) act as overshoot zones or strong reversal areas.
Trend context:
If price is respecting upper bands (R2–R3), the trend is likely bullish. If price is pressing into S3 or lower, it may indicate sustained selling pressure or a breakdown.
Volatility framing:
The distance between bands adjusts based on price range over the rolling window. In tighter markets, the bands compress — in volatile moves, they expand. This makes the indicator self-adaptive.
Mean reversion trades:
A move into R4/R5 or S4/S5 without continuation can be a sign of exhaustion — potential for reversal toward the pivot.
Alerting:
Built-in alerts are available for crosses of all major bands (R1–R5, S1–S5), enabling trade automation or scalp alerts with ease.
-- Visual Features --
Fuchsia Lines: Mark all Resistance (R1–R5) levels.
Lime Lines: Mark all Support (S1–S5) levels.
Gray Circle Line: Marks the rolling pivot (VWAP-based).
-- Customizable Settings --
Rolling Length: Number of bars used to calculate VWAP and VW Range.
Multiplier: Controls how wide the bands are spaced.
Smooth Pivot: Toggle on/off to smooth the central pivot.
Pivot Smoothing Length: Controls how many bars to average when smoothing is enabled.
Offset: Visually shift all bands forward/backward in time.
-- Why Use This Over Standard Pivots? --
Traditional pivots are based on previous session data and remain fixed. That’s useful for static setups, but may become irrelevant as price action evolves. In contrast:
This system updates every bar, adjusting to current price behavior.
It includes volume — a key feature missing from most static pivots.
It shows multiple bands, giving a full view of compression, breakout potential, or trend exhaustion.
-- Who Is This For? --
This tool is ideal for:
Day traders & scalpers who need relevant intraday levels.
Swing traders looking for evolving areas of confluence.
Algorithmic/systematic traders who rely on quantifiable, volume-aware support/resistance.
Traders on all assets: works on crypto, stocks, futures, forex — any chart that has volume.
ONE RING 8 MA Bands with RaysCycle analysis tool ...
MAs: Eight moving averages (MA1–MA8) with customizable lengths, types (RMA, WMA, EMA, SMA), and offsets
Bands: Upper/lower bands for each MA, calculated based on final_pctX (Percentage mode) or final_ptsX (Points mode), scaled by multiplier
Rays: Forward-projected lines for bands, with customizable start points, styles (Solid, Dashed, Dotted), and lengths (up to 500 bars)
Band Choices
Manual: Uses individual inputs for band offsets
Uniform: Sets all offsets to base_pct (e.g., 0.1%) or base_pts (e.g., 0.1 points)
Linear: Scales linearly (e.g., base_pct * 1, base_pct * 2, base_pct * 3 ..., base_pct * 8)
Exponential: Scales exponentially (e.g., base_pct * 1, base_pct * 2, base_pct * 4, base_pct * 8 ..., base_pct * 128)
ATR-Based: Offsets are derived from the Average True Range (ATR), scaled by a linear factor. Dynamic bands that adapt to market conditions, useful for breakout or mean-reversion strategies. (final_pct1 = base_pct * atr, final_pct2 = base_pct * atr * 2, ..., final_pct8 = base_pct * atr * 8)
Geometric: Offsets follow a geometric progression (e.g., base_pct * r^0, base_pct * r^1, base_pct * r^2, ..., where r is a ratio like 1.5) This is less aggressive than Exponential (which uses powers of 2) and provides a smoother progression.
Example: If base_pct = 0.1, r = 1.5, then final_pct1 = 0.1%, final_pct2 = 0.15%, final_pct3 = 0.225%, ..., final_pct8 ≈ 1.71%
Harmonic: Offsets are based on harmonic flavored ratios. final_pctX = base_pct * X / (9 - X), final_ptsX = base_pts * X / (9 - X) for X = 1 to 8 This creates a harmonic-like progression where offsets increase non-linearly, ensuring MA8 bands are wider than MA1 bands, and avoids duplicating the Linear choice above.
Ex. offsets for base_pct = 0.1: MA1: ±0.0125% (0.1 * 1/8), MA2: ±0.0286% (0.1 * 2/7), MA3: ±0.05% (0.1 * 3/6), MA4: ±0.08% (0.1 * 4/5), MA5: ±0.125% (0.1 * 5/4), MA6: ±0.2% (0.1 * 6/3), MA7: ±0.35% (0.1 * 7/2), MA8: ±0.8% (0.1 * 8/1)
Square Root: Offsets grow with the square root of the band index (e.g., base_pct * sqrt(1), base_pct * sqrt(2), ..., base_pct * sqrt(8)). This creates a gradual widening, less aggressive than Linear or Exponential. Set final_pct1 = base_pct * sqrt(1), final_pct2 = base_pct * sqrt(2), ..., final_pct8 = base_pct * sqrt(8).
Example: If base_pct = 0.1, then final_pct1 = 0.1%, final_pct2 ≈ 0.141%, final_pct3 ≈ 0.173%, ..., final_pct8 ≈ 0.283%.
Fibonacci: Uses Fibonacci ratios (e.g., base_pct * 1, base_pct * 1.618, base_pct * 2.618
Percentage vs. Points Toggle:
In Percentage mode, bands are calculated as ma * (1 ± (final_pct / 100) * multiplier)
In Points mode, bands are calculated as ma ± final_pts * multiplier, where final_pts is in price units.
Threshold Setting for Slope:
Threshold setting for determining when the slope would be significant enough to call it a change in direction. Can check efficiency by setting MA1 to color on slope temporarily
Arrow table: Shows slope direction of 8 MAs using an Up or Down triangle, or shows Flat condition if no triangle.
Volatility Gaussian Bands [BigBeluga]The Volatility Gaussian Bands indicator is a cutting-edge tool designed to analyze market trends and volatility with high precision. By applying a Gaussian filter to smooth price data and implementing dynamic bands based on market volatility, this indicator provides clear signals for trend direction, strength, and potential reversals. With updated volatility calculations, it enhances the accuracy of trend detection, making it a powerful addition to any trader's toolkit.
⮁ KEY FEATURES & USAGE
● Gaussian Filter Trend Bands:
The Gaussian Filter forms the foundation of this indicator by smoothing price data to reveal the underlying trend. The trend is visualized through upper and lower bands that adjust dynamically based on market volatility. These bands provide clear visual cues for traders: a crossover above the upper band indicates a potential uptrend, while a cross below the lower band signals a potential downtrend. This feature allows traders to identify trends with greater accuracy and act accordingly.
● Dynamic Trend Strength Gauges:
The indicator includes trend strength gauges positioned at the top and bottom of the chart. These gauges dynamically measure the strength of the uptrend and downtrend, based on the middle Gaussian line. Even if the trend is downward, a rising midline will cause the upward trend strength gauge to show an increase, offering a nuanced view of the market’s momentum.
Weakening of the trend:
● Fast Trend Change Indicators:
Triangles with a "+" symbol appear on the chart to signal rapid changes in trend direction. These indicators are particularly useful when the trend changes swiftly while the midline continues to grow in its previous direction. For instance, during a downtrend, if the trend suddenly shifts upward while the midline is still declining, a triangle with a "+" will indicate this quick reversal. This feature is crucial for traders looking to capitalize on rapid market movements.
● Retest Signals:
Retest signals, displayed as triangles, highlight potential areas where the price may retest the Gaussian line during a trend. These signals provide an additional layer of analysis, helping traders confirm trend continuations or identify possible reversals. The retest signals can be customized based on the trader’s preferences.
⮁ CUSTOMIZATION
● Length Adjustment:
The length of the Gaussian filter can be customized to control the sensitivity of trend detection. Shorter lengths make the indicator more responsive, while longer lengths offer a smoother, more stable trend line.
● Volatility Calculation Mode:
Traders can select from different modes (AVG, MEDIAN, MODE) to calculate the Gaussian filter, allowing for flexibility in how trends are detected and analyzed.
● Retest Signals Toggle:
Enable or disable the retest signals based on your trading strategy. This toggle allows traders to choose whether they want these additional signals to appear on the chart, providing more control over the information displayed during their analysis.
⮁ CONCLUSION
The Volatility Gaussian Bands indicator is a versatile and powerful tool for traders focused on trend and volatility analysis. By combining Gaussian-filtered trend lines with dynamic volatility bands, trend strength gauges, and rapid trend change indicators, this tool provides a comprehensive view of market conditions. Whether you are following established trends or looking to catch early reversals, the Volatility Gaussian Bands offers the precision and adaptability needed to enhance your trading strategy.
Hullinger Bands [AlgoAlpha]🎯 Introducing the Hullinger Bands Indicator ! 🎯
Maximize your trading precision with the Hullinger Bands , an advanced tool that combines the strengths of Hull Moving Averages and Bollinger Bands for a robust trading strategy. This indicator is designed to give traders clear and actionable signals, helping you identify trend changes and optimize entry and exit points with confidence.
✨ Key Features :
📊 Dual-Length Settings : Customize your main and TP signal lengths to fit your trading style.
🎯 Enhanced Band Accuracy : The indicator uses a modified standard deviation calculation for more reliable volatility measures.
🟢🔴 Color-Coded Signals : Easily spot bullish and bearish conditions with customizable color settings.
💡 Dynamic Alerts : Get notified for trend changes and TP signals with built-in alert conditions.
🚀 Quick Guide to Using Hullinger Bands
1. ⭐ Add the Indicator : Add the indicator to favorites by pressing the star icon. Adjust the settings to align with your trading preferences, such as length and multiplier values.
2. 🔍 Analyze Readings : Observe the color-coded bands for real-time insights into market conditions. When price is closer to the upper bands it suggests an overbought market and vice versa if price is closer to the lower bands. Price being above or below the basis can be a trend indicator.
3. 🔔 Set Alerts : Activate alerts for bullish/bearish trends and TP signals, ensuring you never miss a crucial market movement.
🔍 How It Works
The Hullinger Bands indicator calculates a central line (basis) using a simple moving average, while the upper and lower bands are derived from a modified standard deviation of price movements. Unlike the traditional Bollinger Bands, the standard deviation in the Hullinger bands uses the Hull Moving Average instead of the Simple Moving Average to calculate the average variance for standard deviation calculations, this give the modified standard deviation output "memory" and the bands can be observed expanding even after the price has started consolidating, this can identify when the trend has exhausted better as the distance between the price and the bands is more apparent. The color of the bands changes dynamically, based on the proximity of the closing price to the bands, providing instant visual cues for market sentiment. The indicator also plots TP signals when price crosses these bands, allowing traders to make informed decisions. Additionally, alerts are configured to notify you of crucial market shifts, ensuring you stay ahead of the curve.
TASC 2024.05 Ultimate Channels and Ultimate Bands█ OVERVIEW
This script, inspired by the "Ultimate Channels and Ultimate Bands" article from the May 2024 edition of TASC's Traders' Tips , showcases the application of the UltimateSmoother by John Ehlers as a lag-reduced alternative to moving averages in indicators based on Keltner channels and Bollinger Bands®.
█ CONCEPTS
The UltimateSmoother , developed by John Ehlers, is a digital smoothing filter that provides minimal lag compared to many conventional smoothing filters, e.g., moving averages . Since this filter can provide a viable replacement for moving averages with reduced lag, it can potentially find broader applications in various technical indicators that utilize such averages.
This script explores its use as the smoothing filter in Keltner channels and Bollinger Bands® calculations, which traditionally rely on moving averages. By substituting averages with the UltimateSmoother function, the resulting channels or bands respond more quickly to fluctuations with substantially reduced lag.
Users can customize the script by selecting between the Ultimate channel or Ultimate bands and adjusting their parameters, including lookback lengths and band/channel width multipliers, to fine-tune the results.
█ CALCULATIONS
The calculations the Ultimate channels and Ultimate bands use closely resemble those of their conventional counterparts.
Ultimate channel:
Apply the Ultimate smoother to the `close` time series to establish the basis (center) value.
Calculate the smooth true range (STR) by applying the UltimateSmoother function with a user-specified length instead of a rolling moving average, thus replacing the conventional average true range (ATR). Users can adjust the final STR value using the "Width multiplier" input in the script's settings.
Calculate the upper channel value by adding the multiplied STR to the basis calculated in the first step, and calculate the lower channel value by subtracting the multiplied STR from the basis.
Ultimate bands:
Apply the Ultimate smoother to the `close` time series to establish the basis (center) value.
Calculate the width of the bands by finding the square root of the average of individual squared deviations over the specified length, then multiplying the result by the "Width multiplier" input value.
Calculate the upper band by adding the resulting width to the basis from the first step, and calculate the lower band by subtracting the width from the basis.
[blackcat] L3 Fibonacci Bands With ATRToday, what I'm going to introduce is a technical indicator that I think is quite in line with the indicator displayed by Tang - Fibonacci Bands with ATR. This indicator combines Bollinger Bands and Average True Range (ATR) to provide insights into market volatility and potential price reversals. Sounds complicated, right? Don't worry, I will explain it to you in the simplest way.
First, let's take a look at how Fibonacci Bands are constructed. They are similar to Bollinger Bands and consist of three lines: upper band, middle band (usually a 20-period simple moving average), and lower band. The difference is that Fibonacci Bands use ATR to calculate the distance between the upper and lower bands and the middle band.
Next is a key factor - ATR multiplier. We need to smooth the ATR using Welles Wilder's method. Then, by multiplying the ATR by a Fibonacci multiplier (e.g., 1.618), we get the upper band, called the upper Fibonacci channel. Similarly, multiplying the ATR by another Fibonacci multiplier (e.g., 0.618 or 1.0) gives us the lower band, called the lower Fibonacci channel.
Now, let's see how Fibonacci Bands can help us assess market volatility. When the channel widens, it means that market volatility is high, while a narrow channel indicates low market volatility. This way, we can determine the market's activity level based on the width of the channel.
In addition, when the price touches or crosses the Fibonacci channel, it may indicate a potential price reversal, similar to Bollinger Bands. Therefore, using Fibonacci Bands in trading can help us capture potential buy or sell signals.
In summary, Fibonacci Bands with ATR is an interesting and practical technical indicator that provides information about market volatility and potential price reversals by combining Bollinger Bands and ATR. Remember, make good use of these indicators and apply them flexibly in trading!
This code is a TradingView indicator script used to plot L3 Fibonacci Bands With ATR.
First, the indicator function is used to define the title and short title of the indicator, and whether it should be overlaid on the main chart.
Then, the input function is used to define three input parameters: MA type (maType), MA length (maLength), and data source (src). There are four options for MA type: SMA, EMA, WMA, and HMA. The default values are SMA, 55, and hl2 respectively.
Next, the moving average line is calculated based on the user's selected MA type. If maType is 'SMA', the ta.sma function is called to calculate the simple moving average; if maType is 'EMA', the ta.ema function is called to calculate the exponential moving average; if maType is 'WMA', the ta.wma function is called to calculate the weighted moving average; if maType is 'HMA', the ta.hma function is called to calculate the Hull moving average. The result is then assigned to the variable ma.
Then, the _atr variable is used to calculate the ATR (Average True Range) value using ta.atr, and multiplied by different coefficients to obtain four Fibonacci bias values: fibo_bias4, fibo_bias3, fibo_bias2, and fibo_bias1.
Finally, the prices of the upper and lower four Fibonacci bands are calculated by adding or subtracting the corresponding Fibonacci bias values from the current price, and plotted on the chart using the plot function.
Bitcoin Power Law Bands (BTC Power Law) Indicator█ OVERVIEW
The 'Bitcoin Power Law Bands' indicator is a set of three US dollar price trendlines and two price bands for bitcoin , indicating overall long-term trend, support and resistance levels as well as oversold and overbought conditions. The magnitude and growth of the middle (Center) line is determined by double logarithmic (log-log) regression on the entire USD price history of bitcoin . The upper (Resistance) and lower (Support) lines follow the same trajectory but multiplied by respective (fixed) factors. These two lines indicate levels where the price of bitcoin is expected to meet strong long-term resistance or receive strong long-term support. The two bands between the three lines are price levels where bitcoin may be considered overbought or oversold.
All parameters and visuals may be customized by the user as needed.
█ CONCEPTS
Long-term models
Long-term price models have many challenges, the most significant of which is getting the growth curve right overall. No one can predict how a certain market, asset class, or financial instrument will unfold over several decades. In the case of bitcoin , price history is very limited and extremely volatile, and this further complicates the situation. Fortunately for us, a few smart people already had some bright ideas that seem to have stood the test of time.
Power law
The so-called power law is the only long-term bitcoin price model that has a chance of survival for the years ahead. The idea behind the power law is very simple: over time, the rapid (exponential) initial growth cannot possibly be sustained (see The seduction of the exponential curve for a fun take on this). Year-on-year returns, therefore, must decrease over time, which leads us to the concept of diminishing returns and the power law. In this context, the power law translates to linear growth on a chart with both its axes scaled logarithmically. This is called the log-log chart (as opposed to the semilog chart you see above, on which only one of the axes - price - is logarithmic).
Log-log regression
When both price and time are scaled logarithmically, the power law leads to a linear relationship between them. This in turn allows us to apply linear regression techniques, which will find the best-fitting straight line to the data points in question. The result of performing this log-log regression (i.e. linear regression on a log-log scaled dataset) is two parameters: slope (m) and intercept (b). These parameters fully describe the relationship between price and time as follows: log(P) = m * log(T) + b, where P is price and T is time. Price is measured in US dollars , and Time is counted as the number of days elapsed since bitcoin 's genesis block.
DPC model
The final piece of our puzzle is the Dynamic Power Cycle (DPC) price model of bitcoin . DPC is a long-term cyclic model that uses the power law as its foundation, to which a periodic component stemming from the block subsidy halving cycle is applied dynamically. The regression parameters of this model are re-calculated daily to ensure longevity. For the 'Bitcoin Power Law Bands' indicator, the slope and intercept parameters were calculated on publication date (March 6, 2022). The slope of the Resistance Line is the same as that of the Center Line; its intercept was determined by fitting the line onto the Nov 2021 cycle peak. The slope of the Support Line is the same as that of the Center Line; its intercept was determined by fitting the line onto the Dec 2018 trough of the previous cycle. Please see the Limitations section below on the implications of a static model.
█ FEATURES
Inputs
• Parameters
• Center Intercept (b) and Slope (m): These log-log regression parameters control the behavior of the grey line in the middle
• Resistance Intercept (b) and Slope (m): These log-log regression parameters control the behavior of the red line at the top
• Support Intercept (b) and Slope (m): These log-log regression parameters control the behavior of the green line at the bottom
• Controls
• Plot Line Fill: N/A
• Plot Opportunity Label: Controls the display of current price level relative to the Center, Resistance and Support Lines
Style
• Visuals
• Center: Control, color, opacity, thickness, price line control and line style of the Center Line
• Resistance: Control, color, opacity, thickness, price line control and line style of the Resistance Line
• Support: Control, color, opacity, thickness, price line control and line style of the Support Line
• Plots Background: Control, color and opacity of the Upper Band
• Plots Background: Control, color and opacity of the Lower Band
• Labels: N/A
• Output
• Labels on price scale: Controls the display of current Center, Resistance and Support Line values on the price scale
• Values in status line: Controls the display of current Center, Resistance and Support Line values in the indicator's status line
█ HOW TO USE
The indicator includes three price lines:
• The grey Center Line in the middle shows the overall long-term bitcoin USD price trend
• The red Resistance Line at the top is an indication of where the bitcoin USD price is expected to meet strong long-term resistance
• The green Support Line at the bottom is an indication of where the bitcoin USD price is expected to receive strong long-term support
These lines envelope two price bands:
• The red Upper Band between the Center and Resistance Lines is an area where bitcoin is considered overbought (i.e. too expensive)
• The green Lower Band between the Support and Center Lines is an area where bitcoin is considered oversold (i.e. too cheap)
The power law model assumes that the price of bitcoin will fluctuate around the Center Line, by meeting resistance at the Resistance Line and finding support at the Support Line. When the current price is well below the Center Line (i.e. well into the green Lower Band), bitcoin is considered too cheap (oversold). When the current price is well above the Center Line (i.e. well into the red Upper Band), bitcoin is considered too expensive (overbought). This idea alone is not sufficient for profitable trading, but, when combined with other factors, it could guide the user's decision-making process in the right direction.
█ LIMITATIONS
The indicator is based on a static model, and for this reason it will gradually lose its usefulness. The Center Line is the most durable of the three lines since the long-term growth trend of bitcoin seems to deviate little from the power law. However, how far price extends above and below this line will change with every halving cycle (as can be seen for past cycles). Periodic updates will be needed to keep the indicator relevant. The user is invited to adjust the slope and intercept parameters manually between two updates of the indicator.
█ RAMBLINGS
The 'Bitcoin Power Law Bands' indicator is a useful tool for users wishing to place bitcoin in a macro context. As described above, the price level relative to the three lines is a rough indication of whether bitcoin is over- or undervalued. Users wishing to gain more insight into bitcoin price trends may follow the author's periodic updates of the DPC model (contact information below).
█ NOTES
The author regularly posts on Twitter using the @DeFi_initiate handle.
█ THANKS
Many thanks to the following individuals, who - one way or another - made the 'Bitcoin Power Law Bands' indicator possible:
• TradingView user 'capriole_charles', whose open-source 'Bitcoin Power Law Corridor' script was the basis for this indicator
• Harold Christopher Burger, whose Bitcoin’s natural long-term power-law corridor of growth article (2019) was the basis for the 'Bitcoin Power Law Corridor' script
• Bitcoin Forum user "Trololo", who posted the original power law model at Logarithmic (non-linear) regression - Bitcoin estimated value (2014)
HiLo EMA Custom bandsHILo Ema custom bands
This advanced technical indicator is a powerful variation of "HiLo Ema squeeze bands" that combines the best elements of Donchian channels and EMAs. It's specially designed to identify price squeezes before significant market moves while providing dynamic support/resistance levels and predictive price targets.
Indicator Concept:
The indicator initializes EMAs at each new high or low - the upper EMA tracks highs while the lower EMA tracks lows. It draws maximum of 6 custom bands based on percentage, fixed value or Atr
Upper EM bands are drawn below uper ema, Lower EMA bands are drawn above lower ema
Customizable Options:
Ema length: 200 default
Calculation type: Ema (Default), HILO
Calculation type: Percent,Fixed Value, ATR
Band Value: Percent/Value/ATR multiple This is value to use for calculation type
Band Selection: Both,Upper,Lower
Key Features:
You can choose to draw either of one or both, the latter can be overwhelming initially but as you get used to it, it becomes a powerful tool.
When both bands are selected, upper and lower bands provide provides dual references and intersections
This creates a more trend-responsive alternative to traditional Donchian channels with clearly defined zones for trade planning.
If you select percaentage, note that the calulation is based FROM the respective EMA bands. So bands from lower EMA band will appear narrower compared to the those drawn from upper EMA band
Price targets or reversals:
Look of alignment of lines and price. The current level of one order could align with that of previous level of a different order because often markets move in steps
Settings Guide:
Recommended Settings:
Ema length: 200
Use one of the bands (not both) if using large length of say 1000
Calculation type: EMA
HILO will draw donchian like bands, this is useful if you only want flat price levels. In a rising market use upper and vise versa
Calculation type:
percentage for indices : 5, for symbols 10 or higher based on symbol volatility
Fixed value: about 10% of symbol value converted to value
Atr: 2 ideally
Perfect for swing traders and position traders looking for a more sophisticated volatility-based overlay that adapts to changing market conditions and provides predictive reversal levels.
Note: This indicator works well across multiple timeframes but is especially effective on H4, Daily and Weekly charts for trend trading.
Linear Regression with StdDev BandsLinear Regression with Standard Deviation Bands Indicator
This indicator plots a linear regression line along with upper and lower bands based on standard deviation. It helps identify potential overbought and oversold conditions, as well as trend direction and strength.
Key Components:
Linear Regression Line: Represents the average price over a specified period.
Upper and Lower Bands: Calculated by adding and subtracting the standard deviation (multiplied by a user-defined factor) from the linear regression line. These bands act as dynamic support and resistance levels.
How to Use:
Trend Identification: The direction of the linear regression line indicates the prevailing trend.
Overbought/Oversold Signals: Prices approaching or crossing the upper band may suggest overbought conditions, while prices near the lower band may indicate oversold conditions.
Dynamic Support/Resistance: The bands can act as potential support and resistance levels.
Alerts: Option to enable alerts when the price crosses above the upper band or below the lower band.
Customization:
Regression Length: Adjust the period over which the linear regression is calculated.
StdDev Multiplier: Modify the width of the bands by changing the standard deviation multiplier.
Price Source: Choose which price data to use for calculations (e.g., close, open, high, low).
Alerts: Enable or disable alerts for band crossings.
This indicator is a versatile tool for understanding price trends and potential reversal points.
MACD & Bollinger Bands Overbought OversoldMACD & Bollinger Bands Reversal Detector
This indicator combines the power of MACD divergence analysis with Bollinger Bands to help traders identify potential reversal points in the market.
Key Features:
MACD Calculation & Divergence:
The script calculates the standard MACD components (MACD line, Signal line, and Histogram) using configurable fast, slow, and signal lengths. It includes a simplified divergence detection mechanism that flags potential bearish divergence—when the price makes a new swing high but the MACD fails to confirm the move. This divergence can serve as an early warning that the bullish momentum is waning.
Bollinger Bands:
A 20-period simple moving average (SMA) is used as the basis, with upper and lower bands drawn at 2 standard deviations. These bands help visualize overbought and oversold conditions. For example, a close at or above the upper band suggests the market may be overextended (overbought), while a close at or below the lower band may indicate oversold conditions.
Visual Alerts:
The indicator plots the Bollinger Bands on the chart along with labels marking overbought and oversold conditions. Additionally, it marks potential bearish divergence with a downward triangle, providing a quick visual cue to traders.
Usage Suggestions:
Confluence with Other Signals:
Use the divergence signals and Bollinger Band conditions as filters. For example, even if another indicator suggests a long entry, you might avoid it if the price is overbought or if MACD divergence warns of weakening momentum.
Customization:
All key parameters, such as the MACD lengths, Bollinger Band period, and multiplier, are fully configurable. This flexibility allows you to adjust the indicator to suit different markets or trading styles.
Disclaimer:
This script is provided for educational purposes only. Always perform your own analysis and backtesting before trading with live capital.
Quantitative Breakout Bands (AIBitcoinTrend)Quantitative Breakout Bands (AIBitcoinTrend) is an advanced indicator designed to adapt to dynamic market conditions by utilizing a Kalman filter for real-time data analysis and trend detection. This innovative tool empowers traders to identify price breakouts, evaluate trends, and refine their trading strategies with precision.
👽 What Are Quantitative Breakout Bands, and Why Are They Unique?
Quantitative Breakout Bands combine advanced filtering techniques (Kalman Filters) with statistical measures such as mean absolute error (MAE) to create adaptive price bands. These bands adjust to market conditions dynamically, providing insights into volatility, trend strength, and breakout opportunities.
What sets this indicator apart is its ability to incorporate both position (price) and velocity (rate of price change) into its calculations, making it highly responsive yet smooth. This dual consideration ensures traders get reliable signals without excessive lag or noise.
👽 The Math Behind the Indicator
👾 Kalman Filter Estimation:
At the core of the indicator is the Kalman Filter, a recursive algorithm used to predict the next state of a system based on past observations. It incorporates two primary elements:
State Prediction: The indicator predicts future price (position) and velocity based on previous values.
Error Covariance Adjustment: The process and measurement noise parameters refine the prediction's accuracy by balancing smoothness and responsiveness.
👾 Breakout Bands Calculation:
The breakout bands are derived from the mean absolute error (MAE) of price deviations relative to the filtered trendline:
float upperBand = kalmanPrice + bandMultiplier * mae
float lowerBand = kalmanPrice - bandMultiplier * mae
The multiplier allows traders to adjust the sensitivity of the bands to market volatility.
👾 Slope-Based Trend Detection:
A weighted slope calculation measures the gradient of the filtered price over a configurable window. This slope determines whether the market is trending bullish, bearish, or neutral.
👾 Trailing Stop Mechanism:
The trailing stop employs the Average True Range (ATR) to calculate dynamic stop levels. This ensures positions are protected during volatile moves while minimizing premature exits.
👽 How It Adapts to Price Movements
Dynamic Noise Calibration: By adjusting process and measurement noise inputs, the indicator balances smoothness (to reduce noise) with responsiveness (to adapt to sharp price changes).
Trend Responsiveness: The Kalman Filter ensures that trend changes are quickly identified, while the slope calculation adds confirmation.
Volatility Sensitivity: The MAE-based bands expand and contract in response to changes in market volatility, making them ideal for breakout detection.
👽 How Traders Can Use the Indicator
👾 Breakout Detection:
Bullish Breakouts: When the price moves above the upper band, it signals a potential upward breakout.
Bearish Breakouts: When the price moves below the lower band, it signals a potential downward breakout.
The trailing stop feature offers a dynamic way to lock in profits or minimize losses during trending moves.
👾 Trend Confirmation:
The color-coded Kalman line and slope provide visual cues:
Bullish Trend: Positive slope, green line.
Bearish Trend: Negative slope, red line.
👽 Why It’s Useful for Traders
Dynamic and Adaptive: The indicator adjusts to changing market conditions, ensuring relevance across timeframes and asset classes.
Noise Reduction: The Kalman Filter smooths price data, eliminating false signals caused by short-term noise.
Comprehensive Insights: By combining breakout detection, trend analysis, and risk management, it offers a holistic trading tool.
👽 Indicator Settings
Process Noise (Position & Velocity): Adjusts filter responsiveness to price changes.
Measurement Noise: Defines expected price noise for smoother trend detection.
Slope Window: Configures the lookback for slope calculation.
Lookback Period for MAE: Defines the sensitivity of the bands to volatility.
Band Multiplier: Controls the band width.
ATR Multiplier: Adjusts the sensitivity of the trailing stop.
Line Width: Customizes the appearance of the trailing stop line.
Disclaimer: This indicator is designed for educational purposes and does not constitute financial advice. Please consult a qualified financial advisor before making investment decisions.
Multiple Bollinger Bands + Volatility [AlgoTraderPro]This indicator helps traders visualize price ranges and volatility changes. Designed to assist in identifying potential consolidation zones, the indicator uses multiple layers of Bollinger Bands combined with volatility-based shading. This can help traders spot periods of reduced price movement, which are often followed by breakouts or trend reversals.
█ FEATURES
Multiple Bollinger Bands: Displays up to seven bands with customizable standard deviations, providing a layered view of price range activity.
Volatility Measurement: Tracks changes in Bollinger Band width to display volatility percentage and direction (increasing, decreasing, or neutral).
Volatility Shading: Uses color-coded shading between the outermost bands to indicate changes in volatility, helping to visualize potential consolidation zones.
Customizable Inputs: Modify lookback periods, moving average lengths, and standard deviations for each band to tailor the analysis to your strategy.
Volatility Table: Displays a table on the chart showing real-time volatility data and direction for quick reference.
█ HOW TO USE
Add the Indicator: Apply it to your TradingView chart.
Adjust Settings: Customize the Bollinger Bands’ parameters to suit your trading timeframe and strategy.
Analyze Consolidation Zones: Use the multiple bands and volatility shading to identify areas of reduced price activity, signaling potential breakouts.
Monitor Volatility: Refer to the volatility table to track real-time shifts in market volatility.
Use in Different Markets: Adapt the settings for various assets and timeframes to assess market conditions effectively.
█ NOTES
• The indicator is useful in consolidating markets where price movement is limited, offering insights into potential breakout areas.
• Adjust the settings based on asset and market conditions for optimal results.
VWAP Bollinger BandsWhat makes this different from vwap bands / bollinger bands?
This indicator takes a bit of inspiration from bollinger but instead of utilizing built in pine script std dev that uses simple moving average internally, this version replaces that with vwap.
Also instead of traditional bollinger band basis of 20 period simple moving average, the basis here for the bands is the vwap.
How to use it?
Usage is similar to vwap itself, though the standard deviation bands will expand and contract like normal bollinger bands instead of vwap bands that just widen as the market movement continues. The bands tell a slightly different story from bollinger bands as the underlying data utilized is the vwap itself.
Which markets is this meant for?
Any market.
What conditions?
This aids in finding conditions of entry standard to vwap, but the bands could give key areas of focus for entries and exits better than standard bollinger bands or vwap bands.
CFB Adaptive MOGALEF Bands [Loxx]A Pine Script adaptation from MOGALEF Bands .
What are MOGALEF Bands?
Actual MOGALEF bands code is the final result of a lot of contributors. Syllables MO-GA-LEF are the initials of three of them.
The basic idea of bands: the markets are still in range, and trends that are moving ranges. The Mogalef bands try to estimate the current range and to project its on the future if prices move. This future estimation is often of great relevance and very useful, especialy for market profile users or pivot points users.
What is Composite Fractal Behavior ( CFB )?
All around you mechanisms adjust themselves to their environment. From simple thermostats that react to air temperature to computer chips in modern cars that respond to changes in engine temperature, r.p.m.'s, torque, and throttle position. It was only a matter of time before fast desktop computers applied the mathematics of self-adjustment to systems that trade the financial markets.
Unlike basic systems with fixed formulas, an adaptive system adjusts its own equations. For example, start with a basic channel breakout system that uses the highest closing price of the last N bars as a threshold for detecting breakouts on the up side. An adaptive and improved version of this system would adjust N according to market conditions, such as momentum, price volatility or acceleration.
Since many systems are based directly or indirectly on cycles, another useful measure of market condition is the periodic length of a price chart's dominant cycle, (DC), that cycle with the greatest influence on price action.
The utility of this new DC measure was noted by author Murray Ruggiero in the January '96 issue of Futures Magazine. In it. Mr. Ruggiero used it to adaptive adjust the value of N in a channel breakout system. He then simulated trading 15 years of D-Mark futures in order to compare its performance to a similar system that had a fixed optimal value of N. The adaptive version produced 20% more profit!
This DC index utilized the popular MESA algorithm (a formulation by John Ehlers adapted from Burg's maximum entropy algorithm, MEM). Unfortunately, the DC approach is problematic when the market has no real dominant cycle momentum, because the mathematics will produce a value whether or not one actually exists! Therefore, we developed a proprietary indicator that does not presuppose the presence of market cycles. It's called CFB (Composite Fractal Behavior) and it works well whether or not the market is cyclic.
CFB examines price action for a particular fractal pattern, categorizes them by size, and then outputs a composite fractal size index. This index is smooth, timely and accurate
Essentially, CFB reveals the length of the market's trending action time frame. Long trending activity produces a large CFB index and short choppy action produces a small index value. Investors have found many applications for CFB which involve scaling other existing technical indicators adaptively, on a bar-to-bar basis.
What is Jurik Volty used in the Juirk Filter?
One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.
What is the Jurik Moving Average?
Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits. In other words, late comers get what's left on the table after the feast has already begun.
Included:
-Color bars
-Fill levels
No Nonsense Forex Moving Averages ATR Bands[T1][T69]🔍 Overview
This indicator implements a No Nonsense Forex-style Baseline combined with ATR Bands, built using the moving_averages_library by Teyo69. It plots a configurable moving average and dynamically adjusts upper/lower ATR bands for trade zone detection and baseline confirmation.
✨ Features
30+ Moving Average types
ATR bands to define dynamic trade zones
Visual background highlighting for trade signals
Supports both "Within Range" and "Baseline Bias" display modes
Clean, minimal overlay with effective zone coloring
⚙️ How to Use
Choose MA Type: Select the baseline logic (SMA, EMA, HMA, etc.)
Configure ATR Bands: Adjust the ATR length and multiplier
Select Background Mode:
Within Range: Yellow = price inside band, Gray = outside
Long/Short Baseline Signal: Green = price above baseline, Red = below
Trade Setup:
Use the baseline for trend direction
Wait for confirmation or avoidance when price is outside the band
🛠 Configuration
Source: Price source for MA
MA Type: Any supported MA from the library
MA Length: Number of bars for smoothing
ATR Length: Period for Average True Range
ATR Multiplier: Width of the bands
Background Signal Mode: Choose visual signal type
⚠️ Limitations
Works with one MA at a time
Requires the moving_averages_library imported
Does not include confirmation or exit logic — use with full NNFX stack
💡 Tips
Combine with Volume or Confirmation indicators for NNFX strategy
Use adaptive MAs like KAMA, JMA, or VIDYA for dynamic baselines
Adjust ATR settings based on asset volatility
📘 Credits
Library: Teyo69/moving_averages_library/1
Inspired by: No Nonsense Forex (VP) Baseline + ATR Band methodology & MigthyZinger
Momentum BandsMomentum Bands indicator-->technical tool that measures the rate of price change and surrounds this momentum with adaptive bands to highlight overbought and oversold zones. Unlike Bollinger Bands, which track price, these bands track momentum itself, offering a unique view of market strength and exhaustion points. At its core, it features a blue momentum line that calculates the rate of change over a set period, an upper red band marking dynamic resistance created by adding standard deviations to the momentum average, a lower green band marking dynamic support by subtracting standard deviations, and a gray middle line representing the average of momentum as a central anchor. When the momentum line touches or moves beyond the upper red band, it often signals that the market may be overbought and a pullback or reversal could follow; traders might lock in profits or watch for short setups. Conversely, when it drops below the lower green band, it can suggest an oversold market primed for a bounce, prompting traders to look for buying opportunities. If momentum remains between the bands, it typically indicates balanced conditions where waiting for stronger signals at the extremes is wise. The indicator can be used in contrarian strategies—buying near the lower band and selling near the upper—or in trend-following setups by waiting for momentum to return toward the centerline before entering trades. For stronger confirmation, traders often combine it with volume spikes, support and resistance analysis, or other trend tools, and it’s useful to check multiple timeframes to spot consistent patterns. Recommended settings vary: short-term traders might use a 7–10 period momentum with 14-period bands; medium-term traders might keep the default 14-period momentum and 20-period bands; while long-term analysis might use 21-period momentum and 50-period bands. Visually, background colors help spot extremes: red for strong overbought, green for strong oversold, and no color for normal markets, alongside reference lines at 70, 30, and 0 to guide traditional overbought, oversold, and neutral zones. Typical bullish signals include momentum rebounding from the lower band, crossing back above the middle after being oversold, or showing divergence where price makes new lows but momentum doesn’t. Bearish signals might appear when momentum hits the upper band and weakens, drops below the middle after being overbought, or price makes new highs while momentum fails to follow. The indicator tends to work best in mean-reverting or sideways markets rather than strong trends, where overbought and oversold conditions tend to repeat.
Faytterro Bands Breakout📌 Faytterro Bands Breakout 📌
This indicator was created as a strategy showcase for another script: Faytterro Bands
It’s meant to demonstrate a simple breakout strategy based on Faytterro Bands logic and includes performance tracking.
❓ What Is It?
This script is a visual breakout strategy based on a custom moving average and dynamic deviation bands, similar in concept to Bollinger Bands but with unique smoothing (centered regression) and performance features.
🔍 What Does It Do?
Detects breakouts above or below the Faytterro Band.
Plots visual trade entries and exits.
Labels each trade with percentage return.
Draws profit/loss lines for every trade.
Shows cumulative performance (compounded return).
Displays key metrics in the top-right corner:
Total Return
Win Rate
Total Trades
Number of Wins / Losses
🛠 How Does It Work?
Bullish Breakout: When price crosses above the upper band and stays above the midline.
Bearish Breakout: When price crosses below the lower band and stays below the midline.
Each trade is held until breakout invalidation, not a fixed TP/SL.
Trades are compounded, i.e., profits stack up realistically over time.
📈 Best Use Cases:
For traders who want to experiment with breakout strategies.
For visual learners who want to study past breakouts with performance metrics.
As a template to develop your own logic on top of Faytterro Bands.
⚠ Notes:
This is a strategy-like visual indicator, not an automated backtest.
It doesn't use strategy.* commands, so you can still use alerts and visuals.
You can tweak the logic to create your own backtest-ready strategy.
Unlike the original Faytterro Bands, this script does not repaint and is fully stable on closed candles.
Mad Trading Scientist - Guppy MMA with Bollinger Bands📘 Indicator Name:
Guppy MMA with Bollinger Bands
🔍 What This Indicator Does:
This TradingView indicator combines Guppy Multiple Moving Averages (GMMA) with Bollinger Bands to help you identify trend direction and volatility zones, ideal for spotting pullback entries within trending markets.
🔵 1. Guppy Multiple Moving Averages (GMMA):
✅ Short-Term EMAs (Blue) — represent trader sentiment:
EMA 3, 5, 8, 10, 12, 15
✅ Long-Term EMAs (Red) — represent investor sentiment:
EMA 30, 35, 40, 45, 50, 60
Usage:
When blue (short) EMAs are above red (long) EMAs and spreading → Strong uptrend
When blue EMAs cross below red EMAs → Potential downtrend
⚫ 2. Bollinger Bands (Volatility Envelopes):
Length: 300 (captures the longer-term price range)
Basis: 300-period SMA
Upper & Lower Bands:
±1 Standard Deviation (light gray zone)
±2 Standard Deviations (dark gray zone)
Fill Zones:
Highlights standard deviation ranges
Emphasizes extreme vs. normal price moves
Usage:
Price touching ±2 SD bands signals potential exhaustion
Price reverting to the mean suggests pullback or re-entry opportunity
💡 Important Note: Use With Momentum Filter
✅ For superior accuracy, this indicator should be combined with your invite-only momentum filter on TradingView.
This filter helps confirm whether the trend has underlying strength or is losing momentum, increasing the probability of successful entries and exits.
🕒 Recommended Timeframe:
📆 1-Hour Chart (60m)
This setup is optimized for short- to medium-term swing trading, where Guppy structures and Bollinger reversion work best.
🔧 Practical Strategy Example:
Long Trade Setup:
Short EMAs are above long EMAs (strong uptrend)
Price pulls back to the lower 1 or 2 SD band
Momentum filter confirms bullish strength
Short Trade Setup:
Short EMAs are below long EMAs (strong downtrend)
Price rises to the upper 1 or 2 SD band
Momentum filter confirms bearish strength
HPDR Bands IndicatorThe HPDR Bands indicator is a customizable tool designed to help traders visualize dynamic price action zones. By combining historical price ranges with adaptive bands, this script provides clear insights into potential support, resistance, and midline levels. The indicator is well-suited for all trading styles, including trend-following and range-bound strategies.
Features:
Dynamic Price Bands: Calculates price zones based on historical highs and lows, blending long-term and short-term price data for responsive adaptation to current market conditions.
Probability Enhancements: Includes a probability plot derived from the relative position of the closing price within the range, adjusted for volatility to highlight potential price movement scenarios.
Fibonacci-Like Levels: Highlights key levels (100%, 95%, 88%, 78%, 61%, 50%, and 38%) for intuitive visualization of price zones, aiding in identifying high-probability trading opportunities.
Midline Visualization: Displays a midline that serves as a reference for price mean reversion or breakout analysis.
How to Use:
Trending Markets: Use the adaptive upper and lower bands to gauge potential breakout or retracement zones.
Range-Bound Markets: Identify support and resistance levels within the defined price range.
Volatility Analysis: Observe the probability plot and its sensitivity to volatility for informed decision-making.
Important Notes:
This script is not intended as investment advice. It is a tool to assist with market analysis and should be used alongside proper risk management and other trading tools.
The script is provided as-is and without warranty. Users are encouraged to backtest and validate its suitability for their specific trading needs.
Happy Trading!
If you find this script helpful, consider sharing your feedback or suggestions for improvement. Collaboration strengthens the TradingView community, and your input is always appreciated!
Rolling Volatility BandsMake sure to view it from the 1D candlestick chart.
The Rolling Volatility Bands indicator provides a statistically-driven approach to visualizing expected daily price movements using true volatility calculations employed by professional options traders. Unlike traditional Bollinger Bands which use price standard deviation around a moving average, this indicator calculates actual daily volatility from log returns over customizable rolling periods (20-day and 60-day), then annualizes the volatility using the standard √252 formula before projecting forward-looking probability bands. The 1 Standard Deviation bands represent a ~68% probability zone where price is expected to trade the following day, while the 2 Standard Deviation bands capture ~95% of expected movements. This methodology mirrors how major exchanges calculate expected moves for earnings and FOMC events, making it invaluable for options strategies like iron condors during low-volatility periods (narrow bands) or directional plays when volatility expands. The indicator works on any timeframe while always utilizing daily candle data via security() calls, ensuring consistent volatility calculations regardless of your chart resolution, and includes real-time annualized volatility percentages plus daily expected range statistics for comprehensive market analysis.
Super-Elliptic BandsThe core of the "Super-Elliptic Bands" indicator lies in its use of a super-ellipse mathematical model to create dynamic price bands around a central Simple Moving Average (SMA). Here's a concise breakdown of its essential components:
Central Moving Average (MA):
A Simple Moving Average (ta.sma(close, maLen)) serves as the baseline, anchoring the bands to the average price over a user-defined period (default: 50 bars).
Super-Ellipse Formula:
The bands are generated using the super-ellipse equation: |y/b| = (1 - |x/a|^p)^(1/p), where:
x is a normalized bar index based on a user-defined cycle period (periodBase, default: 64), scaled to range from -1 to +1.
a = 1 (fixed semi-major axis).
b is the volatility-based semi-minor axis, calculated as volRaw * mult, where volRaw comes from ta.stdev, ta.atr, or ta.tr (user-selectable).
p (shapeP, default: 2.0) controls the band shape:
p = 2: Elliptical bands.
p < 2: Pointier, diamond-like shapes.
p > 2: Flatter, rectangular-like shapes.
This formula creates bands that dynamically adjust their width and shape based on price volatility and a cyclical component.
enjoy....
