Inverse Bands

This was the result of quite some time spent examining how much information could be gleamed by studying the interactions between Keltner Channels , STARC Bands and Bollinger Bands . I was surprised by the results.

First of all, there are four fills that are black. Set the transparency of those to 0 and you'll see this indicator the way that it's meant to be seen. Those fills belong to unused sections of the Bollinger Bands .

There are two clouds which represent STARC Bands and the Keltner Channel. There is some delay when they flip from bullish (green) to bearish (red), but they are indicative of the trend. The space between them is black and the narrower that space is, the greater volatility is. Because of this, we don't need the exterior Bollinger Bands .

The Bollinger Bands remain visible as the yellow interior clouds on the top cloud and the blue interior clouds on the bottom cloud. Often, the thicker the yellow or blue cloud is, the less severe a throwback from a given trend reversal will be. Often the thinner that yellow or blue cloud is, the more severe the trend reversal will be. If price is rising into a thin interior yellow cloud, the following dip will be substantial. If price action dips towards a thicker interior blue cloud, often the pump following that dump will be less enthusiastic.

We preserve the Keltner Channel and STARC bands as our cloud because the way that they interact with the three basis lines yields a lot of information.

The yellow Bollinger basis line tells us about trend strength. The closer the BB basis line is to the top of the top cloud or the bottom of the bottom cloud, the stronger the trend is. When it enters the cloud very close to the bottom of the bottom cloud, you know you're looking at a strong pump, and vice versa when it's close to the top of the top cloud.

The purple Keltner Channel basis line and orange STARC Band basis line can forecast short term trend changes one candlestick in advance by contacting any line in either cloud. The moment either basis line touches or crosses any boundary of the clouds, you know that the next candle will change directions. In an uptrend, a touch or cross means the next candle will have a lower high point. In a downtrend, a cross or touch means the next candle will have a higher high point. This is most useful in scalping.

It'd be pretty easy to slap some crossover alerts on to this and useful considering that they come a candle in advance. Feel free to further explore and develop this.
Skrip open-source

Sejalan dengan semangat TradingView, penulis skrip ini telah mempublikasikannya secara open-source, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk sang penulis! Anda dapat menggunakannya secara gratis, tetapi penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk dapat menggunakannya didalam sebuah chart.

Inggin menggunakan skrip ini pada chart?


The ratio between the monthly chart BTC peaks is generally etual to STARC and Keltner channel band differences of around 50% and on shorter time frames it's more like a difference of 8-12%. This thing is the gift that keeps on giving.
I forgot to mention that the upper and lower ribbons can touch or cross in the center, which also indicates a candlestick reversal one candle in advance. To clarify, the various touches/crosses only indicate candlestick reversals and not trend reversals. You can see trend reversal coming as the ribbons begin to converge then flip. The bottom ribbon is more responsive to bullish trends and the top ribbon is more responsive to bearish trends.
very interestingm is this repainting ?
@tomswebins, No repainting