Description: This indicator works well in trendy markets on long runs and in mean-reverting markets, at almost any timeframe. That said, higher timeframes are much preferred for their intrinsic ability to cut out noise. The example chart is in 3H TF. Be mindful, the script shows somewhat erratic jigsaw-like behaviour during consolidation periods when the...
Our new "Z Pack" indicator is a modified version of the traditional Bollinger Bands indicator, with a bunch of additional features what makes it a powerful tool that allows traders to make informed decisions based on the market's volatility and short-term trend. The z-score of the Bollinger Bands indicator is a measure of how many standard deviations the current...
Giga Kaleidoscope Bollinger Bands Stop is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System". █ Giga Kaleidoscope Modularized Trading System What is Loxx's "Giga Kaleidoscope Modularized Trading System"? The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense...
Hello friends,, This is my own enhanced version of Bollinger Bands based on some backtesting,, It's the same logic behind standard BB but instead of using length(period), I created a formula and used a "factor" to scale it up/down. The formula is just average of averages of averages... (But it's backtested with good results) I also added two standard deviations...
Giga Kaleidoscope Momentum Breakout Bands is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System". █ Giga Kaleidoscope Modularized Trading System What is Loxx's "Giga Kaleidoscope Modularized Trading System"? The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No...
RSI TREND Filter on Chart RSI scaled to fit on chart instead of oscillator, Trend Analysis is easy and Hidden Divergence is revealed using this indicator. This indicator is an aim to reduce confusing RSI Situations. The Oversold and Overbought lines help to determine the price conditions so its easy to avoid Traps. Oversold and Overbought conditions are marked...
Presenting Squeeze Range: Bollinger Bands / Keltner Channels TTMSqueeze method is a volatility and momentum indicator introduced by John Carter of Simpler Trading, which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range. How did I make this indicator? The Bollinger Bands & Keltner Channels base scripts are...
This script is a variation of the popular Bollinger Bands indicator, which uses exponential moving averages (EMA) instead of simple moving averages (SMA) as its core calculation. The indicator is designed to provide a visual representation of volatility, with the distance between the upper and lower bands being determined by the standard deviation of the...
The Volume Weighted Standard Deviation indicator is a custom technical analysis tool that uses the volume of trading to calculate the standard deviation of a stock's price. This indicator takes the source of data, the length of data, and the deviation as inputs, and calculates the volume weighted standard deviation using the values. The indicator first calculates...
This envelope has an "auto band adjustment function" that reflects the most recent volatility in the band width by ATR. This makes it easy to handle without the need to change the band width according to the volatility of the stocks to be displayed. The time periods and colors of each time frame that can be displayed and the central band of the envelope are as...
Hello traders, Today I am going to share with you an indicator I wrote by mixing other indicators to give me buy and sell signals. This indicators work on all FOREX pairs and Bitcoin , but it is less accurate on cryptocurrencies in general. The best result I have got is in 5 min chart with the default setting. I have used RSI and its Moving Average to see if the...
The Average Deviation Bands indicator is a technical analysis tool that plots multiple bands around the average price of an asset. These bands are calculated using the standard deviation of the asset's price over a specified time period, as well as the average price of the asset over the same period. However, it's important to note that the standard deviation is...
The Fibonacci Moving Average (FMA) is an indicator for financial markets that is calculated using the Fibonacci sequence and the metallic mean. The metallic mean is a type of average that is calculated by adding the source and the square root of the sum of the square of the source and 4, and then dividing the result by 2. The FMA is then calculated by using the...
RSI stands for Relative Strength Index. Bollinger Bands stands for a channel open by standard deviation values plotting upper, lower lines. Double RSI with Bollinger bands adapted Bollinger bands to RSI not using overlay mode. It tries to filter fake signals while giving more good signals according to volatility even below overbought areas or above oversold...
Title: "Volume Weighted Hull Moving Average Bollinger Bands Indicator for TradingView" Abstract: This script presents a TradingView indicator that displays Bollinger Bands based on the volume weighted Hull Moving Average (VEHMA) of a financial asset. The VEHMA is a technical analysis tool that combines the reduced lag of the Hull Moving Average (HMA) with volume...
The Welford method is an algorithm for calculating the running average and variance of a series of numbers in a single pass, without the need to store all the previous values. It works by maintaining an ongoing running average and variance, updating them with each new value in the series. The running average is updated using a simple formula that adds the new...
🎲 Concept Zigzag is built based on the price and number of offset bars. But, in this experiment, we build zigzag based on different bands such as Bollinger Band, Keltner Channel and Donchian Channel. The process is simple: 🎯 Derive bands based on input parameters 🎯 High of a bar is considered as pivot high only if the high price is above or equal to upper...
The Oscillator Extremes indicator plots the normalized positioning of the selected oscillator versus the Bollinger Bands' upper and lower boundaries. Currently, this indicator has four different oscillators to choose from; RSI, CMO, CCI, and ROC. When the oscillator pushes towards one extreme, it will bring the value of the prevailing line closer to zero. If...