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Bands

Resampling Reverse Engineering Bands [DW]This is an experimental study designed to reverse engineer price levels from centered oscillators at user defined sample rates. This study aims to educate users on the process of oscillator reverse engineering, and to give users an alternative perspective on some of the most commonly used oscillators in the trading game. Reverse engineering price levels from an oscillator is actually a rather simple, straightforward process. Rather than plugging price values into a function to solve for oscillator values, we rearrange the function using some basic algebraic operations and plug in a specified oscillator value to solve for price values instead. This process tells us what price value is needed in order for the oscillator to equal a certain value. For example, if you wanted to know what price value would be considered “overbought” or “oversold” according to your oscillator, you can do that using this process. In this study, the reverse engineering functions are used to calculate the price values of user defined high and low oscillator thresholds, and the price values for the oscillator center. This allows you to visualize what prices will trigger thresholds as a sort of confidence interval, which is information that isn't inherently available when simply analyzing the oscillator directly. This script is equipped with three reverse engineering functions to choose from for calculating the band values: -> Reverse Relative Strength Index (RRSI) -> Reverse Stochastic Oscillator (RStoch) -> Reverse Commodity Channel Index (RCCI) You can easily select the function you want to utilize from the "Band Calculation Type" dropdown tab. These functions are specially designed to calculate at any sample rate (up to 1 bar per sample) utilizing the process of downsampling that I introduced in my Resampling Filter Pack. The sample rate can be determined with any of these three methods: -> BPS - Resamples based on the number of bars. -> Interval - Resamples based on time in multiples of current charting timeframe. -> PA - Resamples based on changes in price action by a specified size. The PA algorithm in this script is derived from my Range Filter algorithm. The range for PA method can be sized in points, pips, ticks, % of price, ATR, average change, and absolute quantity. Utilizing downsampled rates allows you to visualize the reverse engineered values of an oscillator calculated at larger sample scales. This can be rather beneficial for trend analysis since lower sample rates completely remove certain levels of noise. By default, the sample rate is set to 1 BPS, which is the same as bar-to-bar calculation. Feel free to experiment with the sample rate parameters and configure them how you like. Custom bar colors are included as well. The color scheme is based on disparity between sources and the reverse engineered center level. In addition, background highlights are included to indicate when price is outside the bands, thus indicating "overbought" and "oversold" conditions according to the thresholds you set. I also included four external output variables for easy integration of signals with other scripts: -> Trend Signals (Current Resolution Prices) - Outputs 1 for bullish and -1 for bearish based on disparity between current resolution source and the central level output. -> Trend Signals (Resampled Prices) - Outputs 1 for bullish and -1 for bearish based on disparity between resampled source and the central level output. -> Outside Band Signal (Current Resolution Prices) - Outputs 1 for overbought and -1 for oversold based on current resolution source being outside the bands. Returns 0 otherwise. -> Outside Band Signal (Resampled Prices) - Outputs 1 for overbought and -1 for oversold based on resampled source being outside the bands. Returns 0 otherwise. To use these signals with another script, simply select the corresponding external output you want to use from your script's source input dropdown tab. Reverse engineering oscillators is a simple, yet powerful approach to incorporate into your momentum or trend analysis setup. By incorporating projected price levels from oscillators into our analysis setups, we are able to gain valuable insights, make (potentially) smarter trading decisions, and visualize the oscillators we know and love in a totally different way. I hope you all find this script useful and enjoyable!
Pine Script™ indicator
by DonovanWall
24
Ultimate VWAP Bands- Ultimate VWAP Bands is a script that helps to decide and further clarify areas of oversold and overbought conditions. - For example, when the price is in the lowest band it is extremely oversold relative to the VWAP . Hence it should be considered a good place to buy with a high risk to reward payoff. - Each band is set at a fixed offset away from the VWAP . The "VWAP Band Multiplier" adjusts this and is a key part of the script. This allows the indicator to be adjusted based on the assets volatility . For example, with Crypto. A multiplier of 1 would be strongly advised. Whilst a multiplier of 0.1-0.25 would be useful for currency pairs. - This indicator can be used for all manners of trading. However, it is most effective when used for scalping and swing trading.
Pine Script™ indicator
by Pinnacle_Investor
11
EvMA BandsIt is an index that looks like the final evolution by weighting the Bollinger band with exponential smoothing and volume. The base Line is my EvMA as volume weighted EMA, so it is quite responsive. The standard deviation is also exponentially smoothed, and the reaction is too good to handle, so it is further smoothed by EMA. Charts without volume are not weighted with volume as 1. It seems that the usage in trading is the same as the Bollinger band ボリンジャーバンドを指数平滑出来高加重し、最終進化したような指標です 中央線は拙作のEvMAで出来高加重EMAなのでかなり反応が良いです 標準偏差も指数平滑出来高加重して反応が良すぎて扱いにくいのでさらにEMAで平滑化しています 出来高の無いチャートは出来高を１として加重しないようにしています トレードでの使い方はボリンジャーバンドと同じで良いと思われます
Pine Script™ indicator
by xinolia
Combo Backtest 123 Reversal & Fractal Chaos Bands This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy Stock market moves in a highly chaotic way, but at a larger scale, the movements follow a certain pattern that can be applied to shorter or longer periods of time and we can use Fractal Chaos Bands Indicator to identify those patterns. Basically, the Fractal Chaos Bands Indicator helps us to identify whether the stock market is trending or not. When a market is trending, the bands will have a slope and if market is not trending the bands will flatten out. As the slope of the bands decreases, it signifies that the market is choppy, insecure and variable. As the graph becomes more and more abrupt, be it going up or down, the significance is that the market becomes trendy, or stable. Fractal Chaos Bands Indicator is used similarly to other bands-indicator (Bollinger bands for instance), offering trading opportunities when price moves above or under the fractal lines. The FCB indicator looks back in time depending on the number of time periods trader selected to plot the indicator. The upper fractal line is made by plotting stock price highs and the lower fractal line is made by plotting stock price lows. Essentially, the Fractal Chaos Bands show an overall panorama of the price movement, as they filter out the insignificant fluctuations of the stock price. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
Combo Strategy 123 Reversal & Fractal Chaos Bands This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy Stock market moves in a highly chaotic way, but at a larger scale, the movements follow a certain pattern that can be applied to shorter or longer periods of time and we can use Fractal Chaos Bands Indicator to identify those patterns. Basically, the Fractal Chaos Bands Indicator helps us to identify whether the stock market is trending or not. When a market is trending, the bands will have a slope and if market is not trending the bands will flatten out. As the slope of the bands decreases, it signifies that the market is choppy, insecure and variable. As the graph becomes more and more abrupt, be it going up or down, the significance is that the market becomes trendy, or stable. Fractal Chaos Bands Indicator is used similarly to other bands-indicator (Bollinger bands for instance), offering trading opportunities when price moves above or under the fractal lines. The FCB indicator looks back in time depending on the number of time periods trader selected to plot the indicator. The upper fractal line is made by plotting stock price highs and the lower fractal line is made by plotting stock price lows. Essentially, the Fractal Chaos Bands show an overall panorama of the price movement, as they filter out the insignificant fluctuations of the stock price. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ indicator
by HPotter
15
HeatbandsWhat you see is the 100 day moving average (blue line in the middle) with percentage bands attached to it. Each color has a 5% range. The brightest green color is 20%-25% below the 100 day moving average. The brightest red color is 20%-25% above the 100 day moving average. The behaviour of the stock price between the bands could give you trading ideas. The moving average length is adjustable. The range between the bands is not adjustable (maybe in future updates). Enjoy:)
Pine Script™ indicator
by tucomprend
Bollinger Bands Filter Bollinger Bands is a classic indicator that uses a simple moving average of 20 periods, along with plots of upper and lower bands that are 2 standard deviations away from the basis line. These bands help visualize price volatility and trend based on where the price is, in relation to the bands. Bollinger Bands filter plots a long signal when price closes above the upper band and plots a short signal when price closes below the lower band. It doesn't take into account any other parameters such as Volume/RSI/ Fundamentals etc, so user must use discretion based on confirmations from another indicator or based on fundamentals. The filter works great when the price closes above/below upper/lower bands with continuation on next bar. It is definitely useful to have this filter along with other indicators to get early glimpse of breach/fail of bands on candle close during BB squeeze or based on volatility. This can be used on Heikin Ashi candles for spotting trends, but HA candles are not recommended for trade entries as they don't reflect true price of the asset. This filter's default is 55 SMA and 1 standard deviation, but these can be changed from settings. It is definitely worth reading the 22 rules of Bollinger Bands written by John Bollinger. ================================================================== Note: 1. Alerts can be created for long and short signals using "Once per bar close". 2. The indicator doesn't repaint. ==================================================================
Pine Script™ indicator
by TradeChartist
16
CDub's BolBands SetupUses a set of Bollinger Bands (user defined deviation, user defined deviation * 2) to determine possible entry set ups. Signals are triggered when price crosses the first band (closest to the baseline MA) in the desired direction. baseline can be your take profit 1 target The inside band determines entry and can be used as a take profit 2 target (Opposite side of baseline) The outside band is a suggested stop loss target (Same side of baseline) and can be used as a take profit 3 target (Opposite side of baseline) Suggestions are welcome! -CDub
Pine Script™ indicator
by Obi-wanClintobe
2
Trends & RangesTrends & Ranges uses EMA ATR bands as a SuperTrend indicator. How to use: This indicator can be used to give you a direction bias, with the added function to create ranges which often lead to reversals or flat trading periods. Trade the break-out or wait for pull backs in the direction of the trend. I'm not great at explaining stuff and will probably make things only more complicated, so I won't bother for now, but if you have a question on how the script works I will gladly give it a try. The option "Flexible Trends" will disable the min/max function (trailing or non trailing). Flexible Trends enabled: Flexible Trends disabled: Settings are not optimized for any asset or time frame, you will have to do that for yourself. Feel free to share them in the comments. Thanks for showing interest, enjoy and good luck! :)
Pine Script™ indicator
by EvoCrypto
18
VAMA Volume Adjusted Moving Average BandsThis indicator is standard deviation bands using a live analysis adaptation of Richard Arms' ‎Volume Adjusted Moving Average as their basis. ‎VAMA utilizes a period length that is based on ‎volume increments rather than time. • SampleN - N ‎volume bars used as sample to calculate average ‎volume , 0 equals all bars. • VAMA Source - Price used for ‎volume weighted calculations. • VAMA Length - Specified number of ‎volume ratio buckets to be reached. • VAMA VI Fct - Size of ‎volume ratio buckets. • VAMA Strict - Must meet desired ‎volume requirements, even if number of bars has to exceed ‎VAMA Length to do it. • STDV Factor - Standard Deviation multiplier. • STDV Length - Standard Deviation period. • Brightness - Color opaqueness for the band fills. Please see previous published example here for more details on VAMA's usage and inability to redraw the past on time based charts. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Pine Script™ indicator
by allanster
10
Rolling Linear Regression ChannelCompute a rolling linear regression channel, the value of the bands at a precise point in time is equal to the last value of the corresponding extremity of a regression channel of equal length and mult at that point. The bands are made by adding/subtracting the RMSE of a linear regression to a least-squares moving average. Settings Length : Period of the indicator Mult : Multiplication factor for the RMSE, determine the distance between the upper and lower extremities Src : Input data for the indicator Gradient : Determine if the area within the bands must be filled with a gradient, a color closer to blue indicates that src is close/superior to the upper band while a color closer to red indicates that src is close/inferior to the lower band. True by default, if false no filling is applied. Usage The indicator can be used like any other band indicator. Because the indicator makes use of the LSMA we can expect the bands to be more reactive to price changes, the indicator can also be more accurate when the bands must act as support and resistance as long as the underlying trend in the price is linear. In blue/red the indicator, with the Bollinger bands in dark green with the same length/mult settings. Since the indicator is derived from the linear regression channel indicator it can also be used to look at how drastically the regression channels changed over time, that is if the bands look linear, then it implies that the channel didn't change a lot with the arrival of new closing prices. Details As said the last value of each band is equal to the last value of the corresponding extremity of a linear regression channel. In blue/red the indicator, with the linear regression channel in orange with the same length/mult settings, the last circle of the upper band is equal to the last value of the upper regression channel, same thing with the lower band, you can see this more clearly using the replay mode. Notes Thx to the twitter fans for their feedback and support, note that I often ask about feedback or about what kind of indicators I should do next on Twitter.
Pine Script™ indicator
by alexgrover
13
Trend Risk Indicator (TRI)The Trend Risk Indicator is a simple bands indicator made of 2 custom averages of candlesticks ranges calculated within the variable “ BandBars ” period. Upper and lower channel bands width can be adjusted with the “ Deviation ” variable, which act as a simple factor to enlarge the spread between them. When Close crosses over the upper band, it is a bearish signal and candlesticks are painted in Red. When Close crosses under the lower band, it’s a bullish signal and candlesticks are painted in Green. One of the most interesting indicators for 1 minute scalping. Recommended to use on Renko bars. *drag to chart and pin to scale, also remove borders from candlesticks.
Pine Script™ indicator
by UnknownUnicorn170838
4
Periodic EllipsesThe following script periodically plot ellipses to the chart, where the maximum height of the ellipses is determined by the price high of the user-selected time frame while the price low determines the minimum height of the ellipses. The selected time frame affects the frequency at which the ellipses are plotted, for example, a selected time frame of 1 week will plot an ellipse every week Note that time frames that are close to the one used in the main chart can return noncircular shapes Here the main time frame is 15 minutes, while the time frame in the script is 1 hour. By default the script uses future data, and as such repaint which makes it only useful in offline (non-real time) situations, you can make the script use only past data by deselecting the "repaint" option. Interpretation And Construction In terms of usages and interpretation ellipses are similar to bands indicators, as such we can use ellipses in a breakout methodology, where a closing price crossing over the upper bound indicating an uptrend and a closing price crossing under the lower bound indicating a downtrend. By default, the color of the plots are based on a gradient determined by the position of the closing price relative to the ellipse, with a closing price closer to the upper bound of the ellipse returning a blue color and a closing price closer to the lower bound returning a red color, the intermediate color is violet. When repainting mode is deactivated a blue color indicates an up-trend, while a red color indicates a down-trend, violet colors on the other hand indicate a ranging market. The ellipses can also determine possible retracements, as such the upper bound of the ellipse can act as a support in an uptrend while the lower bound can act as a resistance in a downtrend. Construction Peoples might be interested in the construction of ellipses, this task is not complicated. We can construct circular shapes by using the equation of a semi-circle described as follows: C = √(1 - x*x) with 1 ≥ x ≥ -1 , values of x greater than 1 or lower than -1 will return na . In the script, the variable basis creates a line starting at -1 and ending at 1, we then only need to apply the previous equation to this line to have a semi-circle. This semi-circle is in a range of (0,1), so we need to rescale it in a useful range, let's define the highest high of the selected time frame as H and the lowest low as L , the upper and lower bound of the ellipse are calculated as follows: upper = avg(H,L) + C*(H - avg(H,L)) lower = avg(H,L) - C*(avg(H,L) - L) Summary A script plotting ellipses has been proposed, we have seen that the signals that can be generated are similar to the one generated by band indicators, note however that the script has not been made to be a serious indicator, it would be more advisable to use regular band indicators instead. Thx to @freds_view for the question.
Pine Script™ indicator
by alexgrover
29