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Bollinger Bands (BB)

HeikinAshi / MS-Signal (HA-MS)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- I would like to take the time to explain the indicators needed for trading among the two indicator formulas previously disclosed. The HA-MS indicator is an indicator created using the Heikin Ashi formula and the MACD formula. Therefore, the reliability of the indicator is considered to be high. If you want a comprehensive indicator, you can share the chart being published as an idea and use the MRHAB-T indicator. The shared indicators can be used without any restrictions if you are a paid member of TradingView. (Free members have many restrictions on sharing charts.) The MS-Signal indicator using MACD is an indicator composed of M-Signal and S-Signal lines. I made it possible to display the M-Signal line of the 1D, 1W, and 1M charts separately so that the trend can be checked on other timeframe charts. Therefore, by looking at the 15m chart or 1h chart to check the overall trend when trading, we prevented getting caught up in temporary volatility, that is, a whipsaw, and made this M-Signal line to be used as support and resistance. If you touch these M-Signal lines when a surge or plunge occurs, it means that there is a high possibility of indicating support or resistance. If the 5EMA line on the 1D chart rises above the 5EMA line enough to be called a soaring moving average, it means that there is a high possibility of a sudden movement. Therefore, the 5EMA line of the 1D chart is displayed separately so that it can be checked in time frames other than 1D (15m, 1h charts, etc.). This 5EMA line can also be used as support and resistance like the M-Signal line of the 1D, 1W, and 1M charts described above. The MS-Signal indicator is for viewing trends. So, if the price stays above the MS-Signal indicator and the MS-Signal indicator turns into a bullish sign, it means that the uptrend is likely to continue. Conversely, if the price stays below the MS-Signal indicator and the MS-Signal indicator turns to a bearish sign, then the downtrend is likely to continue. Therefore, even if it temporarily rises above the MS-Signal indicator, it cannot be said that it will show an uptrend unless it is converted to an uptrend. So, when the price surges and rises above the MS-Signal indicator, it is important to hold the price until the MS-Signal indicator turns into an uptrend. If the HA-Low line or HA-High line is passing through these movements, you should respond by looking at whether you are supported or resisted on these lines. The HA-Low line and the HA-High line are lines created for trading using Heikin Ashi candles. Therefore, it can be interpreted that if it is supported by the HA-Low or HA-High line, it is highly likely to show an uptrend. However, since the HA-Low and HA-High lines are calculated together with the RSI indicator, they are displayed on the chart as interactions. The HA-Low line is a line created near the low point, The HA-High line is a line created near the high point. Therefore, if it shows support at the HA-Low line, it is time to buy. And, if the price rises and rises above the HA-High line, it is likely to show a sharp movement. Because of this movement, the HA-Low line is called the buy line, and the HA-High line is called the soaring line. Since the HA-High line is a soaring line, if it is resisted by the HA-High line, it also means that there is a high possibility of a sharp decline. If you see support at the HA-High line, you can buy it, but as I said, it is a sharp rise line, so you have to respond from a short-term perspective. The Heikin Ashi body indicator is significant as it marks the first trend reversal. So, you can see the first reversal move, either when the price first makes a move from a downtrend to an uptrend, or when the price first makes a move from an uptrend to a downtrend. For example, if the price is in a downtrend and stops falling and moves sideways or rises slightly, the Heikin Ashi body indicator is likely to turn into an uptrend. If this turns into a bullish sign, aggressive buying is possible. However, since there is a high possibility that it will not rise higher and fall immediately, it is better to think of a trading strategy when it shows support by rising above the 5EMA line, HA-Low line, and MS-Signal indicator. Let's assume that from an uptrend in price, the Heikin Ashi body indicator turns to a downtrend. Then, if you touch the 5EMA line, the HA-High line, and the MS_Signal indicator, I think you can buy some time to think about a selling strategy. -------------------------------------------------- - It doesn't matter how you trade and what tools you use. What matters is whether you can create a trading strategy. We tend to spend more time on analysis like chart analysis, economic analysis. Also, many analytical techniques are studied to do this kind of analysis. I have spent a lot of time studying various analysis techniques and putting a lot of effort into using them in trading. However, I realized that acquiring all of these things did not make me a good trader. The indicators released today also do not mean much in reality. It merely provides minimal information for creating a trading strategy. I think it is better to put aside the idea of ​​investing a lot of time in chart analysis and economic analysis and proceeding with trading. Instead, I recommend spending a lot of time thinking about how to buy at the point or section you are trading, how to sell if the price rises, and how to stop loss if the price falls. Quickly learn that learning difficult analytical techniques doesn't make you profitable on your trades. I hope you understand. An analytical technique or tool that allows you to earn a steady income is the best technique. Creating a trading strategy is not difficult. It's just that it feels difficult because I haven't organized my thoughts until now. trading strategy 1. Investment period 2. Investment scale 3. Trading method and profit realization method You just need to think in order and then start trading. The most important thing in this trading strategy is the investment period. The most important thing is whether to trade the coin (token) you want to trade by investing for a period such as the same day, short term, mid term, or long term. This is because even though this first button is not connected properly, the following fund management and trading methods are all wrong. I hope the day will come soon when you can play with the movement of the chart and get away from wrestling with the chart. thank you. ---------------------------------
Pine Script™ indicator
by readCrypto
7
Hull Moving Average Bollinger Bands (HMABB)Hello! This is simply Bollinger Bands calculated with HMA! Heres a recap on both. The Hull Moving Average (HMA) attempts to minimize the lag of a traditional moving average while retaining the smoothness of the moving average line. Developed by Alan Hull in 2005, this indicator makes use of weighted moving averages to prioritize more recent values and greatly reduce lag. Bollinger Bands are envelopes plotted at a standard deviation level above and below a simple moving average of the price. Because the distance of the bands is based on standard deviation, they adjust to volatility swings in the underlying price. Bollinger Bands use 2 parameters, Period and Standard Deviations, StdDev.
Pine Script™ indicator
by The_Peaceful_Lizard
1
Generalized Bollinger Bands %B And Bandwidth (Tartigradia)Bollinger Band is simply a representation of the rolling average of price and its standard deviation around the average (called the "basis"). This indicator generalizes the Bollinger Band by implementing many different equations to calculate the Bollinger Bands beyond the standard deviation and sma, and then plot the %B (where the current price falls inside the Bollinger Band), Bandwidth (size of the Bollinger Band) as well as the Bollinger Band itself and a reproduction of the OHLC price candles in a separate pane. Whereas other Bollinger Bands indicators often just change the basis but not the stdev calculation, the correct way to change the basis is to also change it inside the stdev calculation. Advanced features such as temporal discounting (ie, newer bars can have more weights), median absolute deviation and multiple sigma bands (eg, 3-sigma) are available. Up to 3 different Bollinger Bands can be displayed, and the background can be highlighted when price is overbought/oversold (beyond the Bollinger Band of choice). Tip: BB3, which is the bollinger band with standard deviation of 3, which represents 99% of observed values in the lookback period, is a good choice to highlight overbought/oversold conditions. Three "Sentiment Bars" are provided to see at a glance the sentiments on the price action relative to the Bollinger Bands as reflected by the %B value. Usage: Use the %B as a measure of sentiment: bullish if > 0.5, bearish if < 0.5. You can use the Sentiment Bars at the bottom for a quick reference: aqua if bullish, red if bearish, gray if undefined (too close to the middle line). Use the bandwidth as a measure of volatility: higher is more volatile, lower is less. When overbought, it can be a good time to sell/short. Use a higher Bollinger Band Multiplier such as 3 or more to reduce false positives. When oversold, it can be a good time to buy/long. Use a higher Bollinger Band Multiplier such as 3 or more to reduce false positives. Consider setting a much tighter lookback period of 4 as recommended in backtested works (en.wikipedia.org), use zlma instead of sma, and finally set a higher timeframe for the Bollinger Bands than the one you are currently studying. Then, the Bollinger Bands can help in detecting overbought and oversold regions (price going "out of bands"). Note that I tried to automate the setting of a higher timeframe, but for some reason the output is different when I manually do it using request.security() than when it's in indicator(timeframe=""). If someone has any suggestion as to why it happens, please let me know! (You can try it for yourself by uncommenting the auto_timeframe parameter line).
Pine Script™ indicator
by tartigradia
2
Generalized Bollinger Bands (Tartigradia)Bollinger Band is simply a representation of the rolling average of price and its standard deviation around the average (called the "basis"). This indicator generalizes the Bollinger Band by implementing many different equations to calculate the Bollinger Bands beyond the standard deviation and sma. Whereas other Bollinger Bands indicators often just change the basis but not the stdev calculation, the correct way to change the basis is to also change it inside the stdev calculation. Advanced features such as temporal discounting (ie, newer bars can have more weights), median absolute deviation and multiple sigma bands (eg, 3-sigma) are available. Up to 3 different Bollinger Bands can be displayed, and the background can be highlighted when price is overbought/oversold (beyond the Bollinger Band of choice). Tip: BB3, which is the bollinger band with standard deviation of 3, which represents 99% of observed values in the lookback period, is a good choice to highlight overbought/oversold conditions. Usage: Use it as usual Bollinger Bands, as a measure of volatility, and to setup stop losses. Use the bandwidth as a measure of volatility: higher is more volatile, lower is less. When overbought, it can be a good time to sell/short. Use a higher Bollinger Band Multiplier such as 3 or more to reduce false positives. When oversold, it can be a good time to buy/long. Use a higher Bollinger Band Multiplier such as 3 or more to reduce false positives. Consider setting a much tighter lookback period of 4 as recommended in backtested works (en.wikipedia.org), use zlma instead of sma, and finally set a higher timeframe for the Bollinger Bands than the one you are currently studying. Then, the Bollinger Bands can help in detecting overbought and oversold regions (price going "out of bands"). Note that I tried to automate the setting of a higher timeframe, but for some reason the output is different when I manually do it using request.security() than when it's in indicator(timeframe=""). If someone has any suggestion as to why it happens, please let me know! (You can try it for yourself by uncommenting the auto_timeframe parameter line). If you want to plot the indicator in a separate pane, and to also plot %B and bandwidth, I made another indicator "Generalized Bollinger Bands %B and Bandwidth by Tartigradia" that does that.
Pine Script™ indicator
by tartigradia
QQE Student's T-Distribution Bollinger Bands Oscillator Credit to all of the developers on this project (aka all of the places I got the code from lol) @eylwithsteph @storma @Fractured @lejmer @AlexGrover @Montyjus @Jiehonglim @StephXAGs @peacefulLizard50262 @gorx1 @above-c-level This script utilizes @above-c-level 's Student's T-Distribution script to give us a great estimation of volatility. I took this idea and apply it to the QQE filter! That being said I have added a boat load of features as to make this script as useful to as many people as possible. This is the Osc version Included averages: 'TMA', 'ALMA', 'EMA', 'DEMA', 'TEMA', 'WMA', 'VWMA', 'SMA', 'SMMA', 'HMA', 'LSMA', 'JMA', 'VAMA', 'FRAMA', 'ZLEMA', 'KAMA', 'IDWMA', 'FLMSA', 'PEMA', 'HCF', 'TIF', 'MF', 'ARMA', 'DAF', 'WRMA', 'RMA', 'RAF', 'A2RMA', 'QQE 1', 'QQE 2','Centroid',"Harmonic Mean","Geometric Mean","Quadratic Mean","Median","Trimean","Midhinge","Midrange","VWAP" Included Features: Smoothing, Additional Moving Average, Log Space, Mean Momentum via Derivative, Normalization, Convergence DIvergence, Candle View Use this just like macd/rsi but instead this directly reflects the band version! It also shows really valid support and resistance. Use this in combination with the band version for more power.
Pine Script™ indicator
by The_Peaceful_Lizard
4
RSI & BB QQE Mod (highlight)This script is a combination of the RSI, QQE and BB Here is an explanation on how I combined them, and how they are used: - RSI (Relative Strength Index) - Display a smoothed version of the RSI to identify "oversold" and "overbought" market phases - Used to calculate a QQE - QQE (Quantitative Qualitative Estimation) - Used to identify trend direction and trend strength - Used to set a basis for the BB - BB (Bollinger Bands) - Used with QQE as a basis to determine a relative definition of "high RSI" and "low RSI" - Used with QQE as a basis to determine the volatility of the RSI at a given moment - Used to predict pivot points Here are the main signals: - When "RSI Smoothed" line above the Upper BB then "RSI Smoothed" line turns green - Also , display green background color highlight - Also , and if "RSI Smoothed" is above the overbought line then display a second green background color highlight - When "RSI Smoothed" line bellow the Lower BB then "RSI Smoothed" line turns red - Also , display red background color highlight - Also , and if "RSI Smoothed" is bellow the oversold line then display a second red background color highlight A tool codded to be aesthetically pleasing and VERY customisable: - Designed for both light theme and dark theme users - Value can be easily modified in the settings - Colors can be easily swapped in the settings - Opacity of "fill" & "bgcolor" regrouped as a single input A tool codded to be easy to read and to learn from: - Sources and inspirations all listed within the script - Structure easily identifiable (to understand with little to no effort how the script works) Notes : - This script is lagging, because of that I do recommend using it on relatively large timeframe - This script is OpenSource, feel free to reuse it, but if so please remember to include a link to my script in your sources - This script is not a magical tool, use at your own risk
Pine Script™ indicator
by DZIV
Power Of Stocks - Bollinger Band & 5Ema Indicator - Keanu_RiTz Power of Stocks - Bollinger band & 5ema Strategy In this script you get to take Buy/Sell trades using the 3 options mentioned below.(Alerts with price levels for buy/sell at , SL & Target are included in this one) 1. Combined Strategy :- uses confirmation from both strategies to trade. 2. Bollinger band Strategy :- use the Bollinger band Strategy to trade. 3. 5ema Strategy :- use the 5ema Strategy to trade. 1. Combined Strategy :- for Selling :- we will go short/sell only when conditions of both strategies are satisfied. i.e. when a candle is completely above the upper Bollinger band & completely above the 5ema then it will be our Alert Candle. We Short/Sell only when the low of the Alert candle is broken or when the candle closes below the close of the Alert Candle. SL will be above high of the Alert Candle. Target will be minimum 1:3 or as per your emotions. for Buying:- we will go Long/Buy only when conditions of both strategies are satisfied. i.e. when a candle is completely below the lower Bollinger band & completely below the 5ema then it will be our Alert Candle. We go Long/Buy only when the high of the Alert candle is broken or when the candle closes above the close of the Alert Candle. SL will be below low of the Alert Candle. Target will be minimum 1:3 or as per your emotions. 2. Power of Stocks - Bollinger Band Strategy :- Bollinger band with standard deviation = 1.5 when a candle is completely above the upper Bollinger band, that candle will be called a signal/alert candle. Initiate a Sell trade when that alert candles low is broken. SL will be above high of that alert candle. Risk to reward ratio will be 1:4 i.e. target will be 4 times the SL. when a candle is completely below the lower Bollinger band, that candle will be called a signal/alert candle. Initiate a Buy trade when that alert candles high is broken. SL will be below low of that alert candle. Risk to reward ratio will be 1:4 i.e. target will be 4 times the SL. other rules for Options buying:- minimum 15min timeframe The day you initiate the position , you should be in profit above 10%-15% then only you should carry forward that position overnight, otherwise squareoff your trade on that day only. Buy ATM or slightly OTM, SL max 100 points , target 1:4 for Long-term/Investing :- Minimum Weekly If candle is outside the lower band then initiate a Buy trade when that candles High is broken. Sl will be below Low of that candle. for Long-term Target will be according to your emotions. 3. Power of Stocks - 5ema Strategy (target minimum 1:3) Timeframe - 5 min for Selling (Sell Futures/index/stocks or buy Put) 15 min for Buying (Buy Futures/index/stocks or sell Put) for selling stocks :- you should enter trade within 10am , don't look for entries after that time. take only 2 entries a day. for selling Index(Banknifty) :- you can take trade at anytime of the day whenever conditions get satisfied. you can take multiple entries in banknifty as it is very volatile. for options choose atm strikes: selling trade sl for premium between 200-300 :- 20-30 points SL sl for premium between 400-500 :- 40-50 points SL sl for premium between 500-600 :- 50-60 points SL Subhashish Pani's (power of stocks) 5 EMA Strategy:- It plots 5 EMA and Buy/Sell signals with Target & Stoploss levels. What is Subhashish Pani's (power of stocks) 5 EMA Strategy :- His strategy is very simple to understand. for intraday use 5 minutes timeframe for selling. You can sell futures, sell call or buy Puts in selling strategy. What this strategy tries to do is , it tries to catch the tops, so when you sell at top & it turns out to be a reversal point then you can get good profit. this will hit stop losses often, but stop losses are small and minimum target should be 1:3. but if you stay with the trend you can get big profits. According to Subhashish Pani this strategy has 60% success rate. Strategy for Selling (Short future/Call/stock or buy Put) When ever a Candle closes completely above 5 ema (no part of candle should be touching the 5ema), then that candle should be considered as Alert Candle. If the next candle is also completely above 5 ema and it has not broken the low of previous alert candle, Then the previous Alert Candle should be ignored and the new candle should be considered as new Alert Candle. so if this goes on then continue shifting the Alert Candle, but whenever the next candle breaks the low of the Alert Candle we should take the Short trade (Short future/Call/stock or buy Put). Stoploss will be above high of the Alert Candle and minimum target will be 1:3. Strategy for Buying (Buy future/Call/stock or sell Put) When ever a Candle closes completely below 5 ema (no part of candle should be touching the 5ema), then that candle should be considered as Alert Candle. If the next candle is also completely below 5 ema and it has not broken the high of previous alert candle, Then the previous Alert Candle should be ignored and the new candle should be considered as new Alert Candle. so if this goes on then continue shifting the Alert Candle, but whenever the next candle breaks the high of the Alert Candle we should take the Long trade (Buy future/Call/stock or sell Put). Stoploss will be below low of the Alert Candle and minimum target will be 1:3. Buy/Sell with extra conditions : it just adds 1 more condition to buying/selling 1. checks if closing of current candle is lower than alert candles closing for Selling & checks if closing of current candle is higher than alert candles closing for Buyling. This can sometimes save you from false moves but by using this, you can also miss out on big moves as you'll enter trade after candle closing instead of entering at break of high/low. Note :- According to Subhashish Pani Timeframe for intraday buying should be 15 minutes Timeframe. If you haven't understood the strategy by reading above description, then search for "Subhashish Pani's (power of stocks) 5 EMA Strategy" on YouTube to get a deeper understanding. Note:- This is not only for Intraday trading , you can use this strategy for Positional/Swing trading as well. If you use this on Monthly Timeframe then it can be very good for Long Term Investing as well. Rules will be same for all types of trades & Timeframes.
Pine Script™ indicator
by Keanu_ritz
18
Regression Fit Bollinger Bands [Spiritualhealer117]This indicator is best suited for mean reversion trading, shorting at the upper band and buying at the lower band, but it can be used in all the same ways as a standard bollinger band. It differs from a normal bollinger band because it is centered around the linear regression line, as opposed to the moving average line, and uses the linear regression of the standard deviation as opposed to the standard deviation. This script was an experiment with the new vertical gradient fill feature.
Pine Script™ indicator
by spiritualhealer117
1
Channels Strategy [JoseMetal]============ ENGLISH ============ - Description: This strategy is based on Bollinger Bands / Keltner Channel price "rebounds" (the idea of price bouncing from one band to another). The strategy has several customizable options, which allows you to refine the strategy for your asset and timeframe. You can customize settings for ALL indicators, Bollinger Bands (period and standard deviation), Keltner Channel (period and ATR multiplier) and ATR (period). - AVAILABLE INDICATORS: You can pick Bollinger Bands or Keltner Channels for the strategy, the chosen indicator will be plotted as well. - CUSTOM CONDITIONS TO ENTER A POSITION: 1. Price breaks the band (low below lower band for LONG or high above higher band for SHORT). 2. Same as 1 but THEN (next candle) price closes INSIDE the bands. 3. Price breaks the band AND CLOSES OUT of the band (lower band for LONG and higher band for SHORT). 4. Same as 3 but THEN (next candle) price closes INSIDE the bands. - STOP LOSS OPTIONS: 1. Previous wick (low of previous candle if LONG and high or previous candle if SHORT). 2. Extended band, you can customize settings for a second indicator with larger values to use it as STOP LOSS, for example, Bollinger Bands with 2 standard deviations to open positions and 3 for STOP LOSS. 3. ATR: you can pick average true ratio from a source (like closing price) with a multiplier to calculate STOP LOSS. - TAKE PROFIT OPTIONS: 1. Opposite band (top band for LONGs, bottom band for SHORTs). 2. Moving average: Bollinger Bands simple moving average or Keltner Channel exponential moving average . 3. ATR: you can pick average true ratio from a source (like closing price) with a multiplier to calculate TAKE PROFIT. - OTHER OPTIONS: You can pick to trade only LONGs, only SHORTs, both or none (just indicator). You can enable DYNAMIC TAKE PROFIT, which updates TAKE PROFIT on each candle, for example, if you pick "opposite band" as TAKE PROFIT, it'll update the TAKE PROFIT based on that, on every single new candle. - Visual: Bands shown will depend on the chosen indicator and it's settings. ATR is only printed if used as STOP LOSS and/or TAKE PROFIT. - Recommendations: Recommended on DAILY timeframe , it works better with Keltner Channels rather than Bollinger Bands . - Customization: As you can see, almost everything is customizable, for colors and plotting styles check the "Style" tab. Enjoy! ============ ESPAÑOL ============ - Descripción: Esta estrategia se basa en los "rebotes" de precios en las Bandas de Bollinger / Canal de Keltner (la idea de que el precio rebote de una banda a otra). La estrategia tiene varias opciones personalizables, lo que le permite refinar la estrategia para su activo y temporalidad favoritas. Puedes personalizar la configuración de TODOS los indicadores, Bandas de Bollinger (periodo y desviación estándar), Canal de Keltner (periodo y multiplicador ATR) y ATR (periodo). - INDICADORES DISPONIBLES: Puedes elegir las Bandas de Bollinger o los Canales de Keltner para la estrategia, el indicador elegido será mostrado en pantalla. - CONDICIONES PERSONALIZADAS PARA ENTRAR EN UNA POSICIÓN: 1. El precio rompe la banda (mínimo por debajo de la banda inferior para LONG o máximo por encima de la banda superior para SHORT). 2. Lo mismo que en el punto 1 pero ADEMÁS (en la siguiente vela) el precio cierra DENTRO de las bandas. 3. El precio rompe la banda Y CIERRA FUERA de la banda (banda inferior para LONG y banda superior para SHORT). 4. Igual que el 3 pero ADEMÁS (siguiente vela) el precio cierra DENTRO de las bandas. - OPCIONES DE STOP LOSS: 1. Mecha anterior (mínimo de la vela anterior si es LONGy máximo de la vela anterior si es SHORT). 2. Banda extendida, puedes personalizar la configuración de un segundo indicador con valores más extensos para utilizarlo como STOP LOSS, por ejemplo, Bandas de Bollinger con 2 desviaciones estándar para abrir posiciones y 3 para STOP LOSS. 3. ATR: puedes elegir el average true ratio de una fuente (como el precio de cierre) con un multiplicador para calcular el STOP LOSS. - OPCIONES DE TAKE PROFIT: 1. Banda opuesta (banda superior para LONGs, banda inferior para SHORTs). 2. Media móvil: media móvil simple de las Bandas de Bollinger o media móvil exponencial del Canal de Keltner . 3. ATR: se puede escoger el average true ratio de una fuente (como el precio de cierre) con un multiplicador para calcular el TAKE PROFIT. - OTRAS OPCIONES: Puedes elegir operar sólo con LONGs, sólo con SHORTs, ambos o ninguno (sólo el indicador). Puedes activar el TAKE PROFIT DINÁMICO, que actualiza el TAKE PROFIT en cada vela, por ejemplo, si eliges "banda opuesta" como TAKE PROFIT, actualizará el TAKE PROFIT basado en eso, en cada nueva vela. - Visual: Las bandas mostradas dependerán del indicador elegido y de su configuración. El ATR sólo se muestra si se utiliza como STOP LOSS y/o TAKE PROFIT. - Recomendaciones: Recomendada para temporalidad de DIARIO, funciona mejor con los Canales de Keltner que con las Bandas de Bollinger . - Personalización: Como puedes ver, casi todo es personalizable, para los colores y estilos de dibujo comprueba la pestaña "Estilo". ¡Que lo disfrutes!
Pine Script™ strategy
by JoseMetal
1
PatronsitoPIndicator for the "Patrón Poderoso" strategy. This strategy is based on Bollinger Bands and RSI and try to determine overbought or oversold zones where you can trade. Both indicators are combined to provide a stronger signal. By default, it is considered an overbought zone when price is over BB upper and RSI above 80. That would be a short signal. Price below BB lower and RSI below 20 means an oversold zone and therefore a long signal. EMA 13 (by default) is included as a guide for exiting the operation. Alarms for signals in any direction can be used.
Pine Script™ indicator
by theinfamouspaul
8
Daily RTH Moving Average On Intraday Timeframes [vnhilton]This indicator is intended for intraday use from the daily timeframe down to the 1 minute. Outside this range, the indicator won't work as intended. Higher timeframe moving averages are step-lines as they use values from higher timeframes to calculate the moving average. To have a smoother moving average from higher timeframes plotted on lower timeframes, this indicator uses the chart timeframe's candles, allowing for a smooth higher timeframe moving average. This indicator also includes Bollinger Bands. Note that the indicator only uses values from regular trading hours, as to not give weighting to values from extended trading hours. In the chart above, at October 7th, pre-market price action is bearish due to fundamentals around US employment data. This day led to an all-day-fader, stopping above the June low after attempting to break down the level again (previous breakdown attempts led to the September low). Note that the price is within the Bollinger bands of the 5 day moving average. We can see in the following days that $SPY trended downwards, staying below the anchored VWAP when the October 7th news released, & pay attention to October 10th, where price attempts to make a new low-of-day but ends up outside the 5 day period ma, leading to a reversal. Look at October 13th, where pre-market price action again shows bearish sentiment, but due to fundamentals around CPI data. $SPY opens below the September low, but also ends up outside the daily 5 period MA bands, meaning that the downside extension has extended too far, signalling for a reversion to the mean. This is why October 13th didn't lead to another all-day-fader, & instead trapped sellers trying to short the pre-market low, helping to fuel the relief rally to cause the upsides the June & September lows, & the anchored VWAPs from both significant pre-market events, to be reclaimed, where price pauses at the confluence of the 5 day moving average & the June low.
Pine Script™ indicator
by vnhilton
SUPER MACDthis indicator serves to differentiate the classic source of MACD and add the: DYNAMIC MACD and DYNAMIC BAND with these inputs you can modify the inputs of the different Bar's, you can choose between: Candles = classic Candles Heikin Hashi Kagi Line break Pointfigure Renko To use the Dynamic Macd and Band just check the box: Use Dynamic Rsi??? = this input will change the Rsi in the Dynamic Rsi Use Dynamic Band??? = this input will change the Bands to the Dynamic Band Selecting the input: "Use Different Source ???" you can use a source with multiple elements of your choice: 2 = (Source 1 + Source 2) / 2 3 = (Source 1 + Source 2 + Source 3) / 3 4 = (Source 1 + Source 2 + Source 3 + Source 4) / 4 5 = (Source 1 + Source 2 + Source 3 + Source 4 + Source 5) / 5
Pine Script™ indicator
by Cometreon
Student's T-Distribution Bollinger BandsThis study shows the prediction interval as Bollinger Bands using Student's T-distribution. This means that the bands will be wider when the data features higher variation, as well as when the sample size (in the form of length) is smaller. The bands will also be wider when the confidence level is lower. The opposite is also true. Assuming we set a confidence level of 0.99 and a source set to the close price, we could reasonably expect that 99% of the time the close price would fall between the upper and lower bounds. Because this is a general statistical method which requires a lot of math, the script has a tendency to be relatively slow, but should be eligible to be used in a wide variety of situations.
Pine Script™ indicator
by above-c-level
5
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
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
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
Trend #2 - BB+EMAWhat is the Trend #2 - BB+EMA? This strategy uses a combination of Bollinger Bands and Exponential Moving Averages, and adds the position management skills. When a position is established, if the price moves in the wrong direction, EMA will move the stop price closer to the opening price, which will reduce losses during the shocks. If the price moves in the right direction, EMA will be close to the latest price to try to keep the profit. Once a trend starts to emerge, the strategy is bound to capture the opportunity. I think this is a very smart way to do it. This strategy performs well in almost all cryptocurrencies, it's mean the strategy has good generalizability.
Pine Script™ strategy
by zxcv55602
Percentile Rank of Bollinger BandsThis simple indicator provides you three useful information with Bollinger Bands: How wide the current width (standard deviation) of the Bollinger Band is. Compared to the widths in the past, is the current width relatively small or big? Value is expressed in percentile format. What the "relative position of current price" to the current Bollinger Band is. This indicator can be useful to identify whether the Bollinger Band has substantially "expanded" or "squeezed." First, divide the current standard deviation by the current price, we get the current width. The current width is displayed by the columns at the bottom. When the current width becomes wider, the column becomes taller, and the color is dark green. On the contrary, if the width becomes narrower, the column becomes shorter and the color is light green. Next, compare the current width with the previous N widths, we get the percentile rank for the current width. The percentile rank is shown by the thicker line graph. When the percentile rank grows, it is green; whereas when the rank declines, the color is red. Lastly, calculate (close - lower)/(upper - lower) and we get an idea of the relative height of the current price, compared to the upper and lower band. This is displayed by the thinner line graph. When the relative position becomes higher, the color is in aqua. It is in blue when the relative position becomes lower. Note that since closing prices can go above the upper band or go below the lower band, the values may be greater than 100 or less than 0.
Pine Script™ indicator
by TheSaltyAustin
1
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.
Pine Script™ indicator
by syntaxgeek
4