Get started

Bands and Channels

[Floride] 4 Layers of Bollinger Shadow This is the indicator I named 4LBS. That means four layers of bollinger shadow. This is an indicator that I made to see how far past prices could affect the future prices. And I found some very interesting and beautiful things about it, and I wanted to share them with you, so I publish this indicator. *-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*- Hello, nice to meet you all. my name as a trader is Floride. First of all, I am not good at English, so there may be many grammatically incorrect sentences below. I ask for your understanding in advance. Thanks for your understanding. *-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*- What is it? bollinger Bands usually has one moving average line. And there's two bands that uses same period value of standard deviation as the former MA. And this indicator, by the way, has a 4 shadow bands that uses twice,three,four,five time the value of the MA's period. Appearance - This indicator has four layers, and there are also other layers between them. You can turn on or off all the shadow layers. Uses of Indicator and Examples examples of actual use 1. market strongness diagnosis -It seems all layers of shadow has some degree resist/support forces. This indicator has the 4th layer - "L4". (indicated by red lines). I saw emergence of volatility quite frequently when this last layer breaks through. When price breaks through this area or line, shade appear on the L4 layer in red. and red cross appear on the that point. This is I called Marlin signal. If you saw red color shadow in this indicator, then the market may have quite high volatility. (of course, there's not 100%. Please be careful about this.) But I've also checked in quite several markets. when this volatility emerges, then also that market seems to started to building quite directional power afterwards. I mean, after the marlin signal, market tends to have bigger volatility, and tends to go one direction. again, it's not 100%. but probability is quite high. But maybe depending on the type of market you need some adjustment. Recommended values are M2-1.618, M3-2.618 Or M2-1, M3-2. default value is M2-1.618, M3-2.618 and also, if prices breakthrough the channels, or layers, It tends to break through the at once, in first bar. In other words, if price don't break through the first or second candle, it's very likely that the price won't break through channel for the time being. 2. market weakness diagnosis Usually, without external momentum, the price converges to the average value and does not deviate from the band. And if price fails to break through the most inner first layer-"L1 - the green channel", In that case, the market is usually assumed to be weak, or has low volatility. - you can set alarms on tuna, marlin signal. and you don't have to watch chart all the time. 3. Signals I put two signals in this indicator. One has the name "Tuna," and the second has the name "Marlin." As you can already tell from the name's feeling, tuna is a weaker signal and marlin is a stronger signal. Actual example of a signal 1. Tuna signal - When the tuna signal appears, you can guess that the current market is generally not weak. or has quite good directional force. or medium volatility. Below is important. - If a tuna signal appears, there is a possibility that a marlin will appear later. - In my opinion, it might be wise not to have a position without a tuna signal. - Almost all of the marlin signal appeared shortly after the tuna signal appeared. 2. Marlin signal - When marlin signal appears, with a high probability, volatility can increase large. - In the backtesting of the stock, in some cases, the market moved quite frequently in the direction of the marlin signal. - The emergence of marlin can be seen as a pretty strong indication of the emergences of direction.
Pine Script™ indicator
by Minerva11
6
Channel SurfingThis is my Channel Surfing indicator. It fires Buy and Sell signals based on multiple conditions. You can use EMAs or LSMAs. You will have to check the box of which moving averages to use once you add it to the chart. It plots EMAs or LSMAs using the different sources Close, Low, and High as the channel to surf. It fires a Buy signal if price crosses the channel up and if there is a pullback into the channel followed by a breakout to the upside. It fires a Sell signal if price crosses the channel down and if there is a pullback into the channel followed buy a breakdown to the down side. I find it works great on the 5 minute SPY chart and the 1 minute chart of ES with the default settings when scalping. You are able to switch between 2 different channels using LSMAs or EMAs. The EMAs has an optional LSMA slope filter for getting rid of some false signals. Let me know if you guys find any other settings or ways to use this and as always I hope it helps.
Pine Script™ indicator
by barrettdenning
2
Bollinger Bands Width and Bollinger Bands %BThis script shows both the Bollinger Band Width(BBW) and %B on the same indicator window. Both the BBW and %B are introduced by John Bollinger(creator of Bollinger Bands) in 2010. Default Parameter values: Length = 20, Source = Close, Mult = 2 Bollinger Bands Width (BBW): Color = (Default: Green ) - I consider stocks with "BBW >= 4" are at a volatile state and ready for price contraction, but this depends on the parameter values of your choice. Bollinger Bands %B (%B): Color = (Default: Blue ) 1. %B Above 10 = Price is Above the Upper Band 2. %B Equal to 10 = Price is at the Upper Band 3. %B Above 5 = Price is Above the Middle Line 4. %B Below 5 = Price is Below the Middle Line 5. %B Equal to 0 = Price is at the Lower Band 6. %B Below 0 = Price is Below the Lower Band
Pine Script™ indicator
by polarbearking
MTF MA Ribbon and Bands + BB, Gaussian F. and R. VWAP with StDev█ Multi Timeframe Moving Average Ribbon and Bands + Bollinger Bands, Gaussian Filter and Rolling Volume Weighted Average Price with Standard Deviation Bands Up to 9 moving averages can be independently applied. The length , type and timeframe of each moving average are configurable . The lines, colors and background fill are customizable too. This script can also display: Moving Average Bands Bollinger Bands Gaussian Filter Rolling VWAP and Standard Deviation Bands Types of Moving Averages: Simple Moving Average (SMA) Exponential Moving Average (EMA) Smoothed Moving Average (SMMA) Weighted Moving Average (WMA) Volume Weighted Moving Average (VWMA) Least Squares Moving Average (LSMA) Hull Moving Average (HMA) Arnaud Legoux Moving Average (ALMA) █ Moving Average Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time. A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance. █ Bollinger Bands Bollinger Bands consist of a band of three lines which are plotted in relation to security prices. The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (the type of trend line and period can be changed by the trader, a 20 day moving average is by far the most popular). The SMA then serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price. █ Gaussian Filter Gaussian filter can be used for smoothing. It rejects high frequencies (fast movements) better than an EMA and has lower lag. A Gaussian filter is one whose transfer response is described by the familiar Gaussian bell-shaped curve. In the case of low-pass filters, only the upper half of the curve describes the filter. The use of gaussian filters is a move toward achieving the dual goal of reducing lag and reducing the lag of high-frequency components relative to the lag of lower-frequency components. █ Rolling VWAP The typical VWAP is designed to be used on intraday charts, as it resets at the beginning of the day. Such VWAPs cannot be used on daily, weekly or monthly charts. Instead, this rolling VWAP uses a time period that automatically adjusts to the chart's timeframe. You can thus use the rolling VWAP on any chart that includes ​volume information in its data feed. Because the rolling VWAP uses a moving window, it does not exhibit the jumpiness of VWAP plots that reset. Made with the help from scripts of: adam24x, VishvaP, loxx and pmk07.
Pine Script™ indicator
by Yatagarasu_
3
Auto Keltner ChannelsThis version of Keltner Channels take measures the average volatility. By taking the 75th percentile of the average absolute value of the difference between the Source and the Mean divided by the True Range and using that as our multiplier for our Keltner Channels we can have a statistically safe trading zone. You notice that its dynamic, this is because it take into account the real volatility levels of a window and uses that to determine an appropriate multiplier. As always I hope you enjoy this release.
Pine Script™ indicator
by The_Peaceful_Lizard
BB Signal v2.1 [ABA Invest]About This signal appears based on 2nd candle break out of Bollinger Bands (called Momentum) with additional EMA 50 and EMA 200 as trend filters. so the concept is to take advantage of candle breakout by following trends. How to use Buy: When signal 'Buy' appears (following trend of upper timeframe) Recommended stop loss: previous swing low Sell: When signal 'Sell' appears (following trend of upper timeframe) Recommended stop loss: previous swing high Rules 1. use a good risk-reward ratio (minimum 1.5) 2. Please do backtest before using this signal 3. Don't always take every signal (must know when to stop)
Pine Script™ indicator
by abainvest
5
Z Bollinger BandsThis version of Bollinger Bands measures the average volatility. By taking the 75th percentile of the average absolute value of the difference between the Source and the Mean divided by the Standard Deviation and using that as our multiplier for our Bollinger bands we can have a statistically safe trading zone. You notice that its dynamic, this is because it take into account the real volatility levels of a window and uses that to determine an appropriate multiplier. As always I hope you enjoy this release.
Pine Script™ indicator
by The_Peaceful_Lizard
3
Balgat EkibiBands are calculated with the std error and variance of the price actions. So if price cross up or cross down the variance bands, you could expect a reversal movement. So if price cross up with the bands and after that there is a reversal candle movement, a short position could be taken. If price cross down to the bands and after that there is a reversal candle movement, a long positon could be taken. All risk management and money management is up to you.
Pine Script™ indicator
by absoylu
3
Volume Weighted Reversal BandsThis is a vwap & vwma hybrid with upper & lower deviation bands that provide excellent price channels and reversal areas. It can be used on lower & higher timeframes, just increase the deviation % for higher timeframes. Try out the 1 minute timeframe with .5% deviation for great scalping levels. Here is the calculation used for the main line. (VWMA100 + VWMA500 + VWMA1000 + VWAP) / 4 So it combines 3 VWMAs with the VWAP and divides that number by 4 to give us a moving average. Then we add new levels above and below that moving average to get our channels. The channels are separated by the % deviation you choose in the settings. For tighter bands, lower the percentage deviation and for wider bands, increase the percentage deviation. The fattest line in the middle is the main moving average and you can expect price to regularly return to this level. The thick lines are the main moving average plus or minus the percentage deviation you have set. There are 10 levels in each direction from the main moving average. The is also a thin short term moving average as well with a custom calculation. It takes 4 different length moving averages that are weighted and 4 more that are volume weighted and divides the total by 8.The lines will be green when price is above the line and red when price is below the line. The thin white line is the VWAP on its own. These lines will act as dynamic support and resistance so you can scalp them back and forth. These levels work so well because they are volume weighted and the algos hedge their positions back and forth constantly. For best results, use this indicator on tickers with the highest volume and trading action as the price will stick to these levels better when the big money players are hedging. Some great tickers for this indicator are APPL, SPY, BTC, ETH. All colors and linewidths can be customized in the settings easily as well as turning off the VWAP or short moving average and adjusting the percentage deviation for the channels. ***MARKETS*** This indicator can be used on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This indicator can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart for extra confirmation. Our favorites to pair with these bands are the Scalper Ribbon and Trend Friend Signals. The 3 combined give you a lot of extra confirmation on whether the market is going to reverse at these levels.
Pine Script™ indicator
by FriendOfTheTrend
4
Bollinger BandsThis strategy is inspired from Power of Stock aka Subhasish Panni. Target is minimum 1:3 when you get this setup right. Buy when: 1) Low is greater than upper band of BB and next candle breaks high of that candle, SL is Low of previous candle which is has low above upper band. 2) High is lower than lower band of BB and next candle breaks high of that candle, SL is low of previous candle which has high lower than lower band. Sell when: 1) Low is greater than upper band of BB and next candle breaks low of that candle, SL is high of previous candle which is has low above upper band. 2) High is lower than lower band of BB and next candle breaks high of that candle, SL is high of previous candle which has high lower than lower band. Disclaimer: this setup will cause many small stoploss hit, you have to accept that loss but you will be profitable because of R:R.
Pine Script™ indicator
by fibonacci_wizard
[blackcat] L3 Swing Whale CatcherLevel 3 Background Whale catcher is a resonance indicator combining both customized MACD and customized KDJ. It use two resonance bands to identify oppotunities of middle-short term. Function When we use MACD and KDJ alone, in the trend market, the prices are arranged in the order of the moving average, and the operation is simple and the profit space is large. The MACD and KDJ diverge from reality and can be a good catch of trend reversal tops and bottoms. The disadvantage of this system is also very serious. In the volatile market, the moving average fails, and the false divergence of MACD and KDJ has become a contrarian operation. Everyone should know the degree of danger of contrarian operations in a unilateral market. Therefore, this indicator can confirm each other by improving the performance of the separate MACD and KDJ and combining the two in one main chart. When the two resonate, a more reliable signal can be prompted. In order to adapt to different time periods, I designed a look-up table (LUT) that automatically assigns parameters according to the icon period. It can make this indicator more stable over different time periods. The green and purple ribbons are the trend lines of the customized version of MACD, and the red and blue ribbons are the trend lines of the customized version of KDJ. In most cases, the two trends are different, but obviously KDJ is more sensitive than MACD and is suitable for judging entry and exit points. MACD is more likely to see large-scale trends. When the two are combined, the judgment can be strengthened. For example, use the logical AND operation to combine the two. Finally, except for the two fast and slow line combinations of MACD and KDJ. I also plot the difference column of the two. Because the performance of the two sub-levels represented by the difference bar is more conducive to obtaining the information of the trend reversal in advance. The dark green above zero and the dark red below zero are the differential columns of KDJ. Four-color difference offline is the difference column of MACD. In this way, it is not easy to be confused by the graphic expression, I hope you like it. Remarks Feedbacks are appreciated.
Pine Script™ indicator
by blackcat1402
3
Chop and explode (ps5)Description : This is a renovated version of my previous mod that was based on the original script from fhenry0331. Added are: a data cleaning function a seasonal random index function an updated scaler and a signalling procedure. - The following description is moved here from the old script. The purpose of this script is to decipher chop zones from runs/movement/explosion spans. The chop is RSI movement between 40 and 60. Tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored gray, a series of gray bars indicates a tight consolidation and should explode imminently. The longer the chop the longer the explosion will go for. The tighter the better. Loose chop (jig saw/gray bars on the silver background) will range between 40 and 60. The move begins with green and red bars. Couple it with your trading system to help stay out of chop and enter when there is a movement.
Pine Script™ indicator
by capissimo
Range Detector Indicator [Misu]█ This indicator shows an upper and lower band based on Highs and Lows. Depending on this, the indicator interprets a ranging market, an uptrend or a downtrend. █ Usages: The purpose of this indicator is to identify when the price is ranging.   It's also used to identify changes in trends, breaking points, and trend reversals.  But it can also be used to show resistance or support levels. █ Features: > Price Action Change Alerts > Price Action Change Labels > Color Bars > Show Bands █ Parameters: Deviation: A parameter used to calculate pivots. Depth: A parameter used to calculate pivots. Activate Range Detection: Check the box to activate range detection. Band% Offset: A factor that is used to vary the bands offset. 
Pine Script™ indicator
by Fontiramisu
18