OPEN-SOURCE SCRIPT
Full Spectrum Delta Bands
I created the Full Spectrum Delta Bands (FullSpec ΔBB) to go beyond traditional Bollinger Bands by incorporating both OHLC (Open, High, Low, Close) and Close-based data into the calculations. Instead of relying solely on closing prices, this indicator evaluates deviations from the complete bar range (OHLC), offering a more accurate view of market behavior.
A key feature is the Delta Flip, which highlights shifts between OHLC and Close-based bands. These flips are visually marked with color changes, signaling potential trend reversals, breakout zones, or volatility shifts. Traders can use these moments as inflection points to refine their entry and exit strategies.
The indicator also supports customizable sensitivity and deviation multiplier settings, allowing it to adapt to different trading styles and timeframes. Lower deviation values (e.g., 1σ or 1.5σ) are ideal for scalping on shorter timeframes like 5-min or 15-min charts, while higher values (e.g., 2.5σ or 3σ) are better suited for long-term trend analysis on weekly or monthly charts. The standard deviation multiplier fine-tunes the upper and lower bands to match specific trading goals and market conditions.
I designed Full Spectrum Delta Bands to provide deeper insights and a clearer view of market dynamics compared to traditional Bollinger Bands. Whether you’re a scalper, swing trader, or long-term investor, this tool helps you make informed and confident trading decisions.
A key feature is the Delta Flip, which highlights shifts between OHLC and Close-based bands. These flips are visually marked with color changes, signaling potential trend reversals, breakout zones, or volatility shifts. Traders can use these moments as inflection points to refine their entry and exit strategies.
The indicator also supports customizable sensitivity and deviation multiplier settings, allowing it to adapt to different trading styles and timeframes. Lower deviation values (e.g., 1σ or 1.5σ) are ideal for scalping on shorter timeframes like 5-min or 15-min charts, while higher values (e.g., 2.5σ or 3σ) are better suited for long-term trend analysis on weekly or monthly charts. The standard deviation multiplier fine-tunes the upper and lower bands to match specific trading goals and market conditions.
I designed Full Spectrum Delta Bands to provide deeper insights and a clearer view of market dynamics compared to traditional Bollinger Bands. Whether you’re a scalper, swing trader, or long-term investor, this tool helps you make informed and confident trading decisions.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
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