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Blast Off With BB
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Based on Larry Williams "Blast Off" indicator. An excellent article describing calculations and usage is here. The indicator uses the same calculations.
It must be noted that "Blast Off" by itself is not a sufficient system for a trade set up.
This indicator adds traditional Bollinger Bands as a support structure for blast off. Generally, a volatility compression followed by a cluster of blast off indicates an aggressive "launch" on the upside or downside.
Explanation
The Blast Smooth Length applies a smoothing to the ranges (Open - Close) and (High - Low) over the specified length.
Threshold is the "trigger" that indicates a blast off candidate. It is defined in % terms.
It must be noted that "Blast Off" by itself is not a sufficient system for a trade set up.
This indicator adds traditional Bollinger Bands as a support structure for blast off. Generally, a volatility compression followed by a cluster of blast off indicates an aggressive "launch" on the upside or downside.
Explanation
- Blast off is indicated below the candle bar with an up arrow
- Blast off candles can be marked (coloured) if preferred
- Bollinger bands can be enabled for prediction of the direction of the blast ("up" or "down")
The Blast Smooth Length applies a smoothing to the ranges (Open - Close) and (High - Low) over the specified length.
Threshold is the "trigger" that indicates a blast off candidate. It is defined in % terms.
Nota Keluaran
- Added strength length, to indicate rising price along with BlastOff
Skrip dilindungi
Skrip ini diterbitkan secara sumber tertutup dan anda boleh menggunakannya dengan bebas. Anda boleh menyukainya untuk menggunakannya pada carta. Anda tidak dapat melihat atau mengubah kod sumbernya.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.