OPEN-SOURCE SCRIPT
Squeeze Box [DW]
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This is an experimental study designed using data from Bollinger Bands to determine price squeeze ranges and active levels of support and resistance.
First, a set of Bollinger Bands using a Coefficient of Variation weighted moving average as the basis is calculated.
Then, the relative percentage of current bandwidth to maximum bandwidth over the specified sampling period determines the relative squeeze.
The box is outlined by drawing the current highest and lowest source value over the sampling period whenever a squeeze is active.
I've included the COVWMA in the visualization for additional confirmation of price activity.
Custom Bar color scheme is included.
First, a set of Bollinger Bands using a Coefficient of Variation weighted moving average as the basis is calculated.
Then, the relative percentage of current bandwidth to maximum bandwidth over the specified sampling period determines the relative squeeze.
The box is outlined by drawing the current highest and lowest source value over the sampling period whenever a squeeze is active.
I've included the COVWMA in the visualization for additional confirmation of price activity.
Custom Bar color scheme is included.
Nota Keluaran
Updates:Added alternate moving average types. The available moving averages now in this script are:
-Exponential Moving Average
-Simple Moving Average
-Smoothed Moving Average
-Weighted Moving Average
-Volume Weighted Moving Average
-Least Squares Moving Average
-Arnaud Legoux Moving Average
-Hull Moving Average
-Coefficient of Variation Weighted Moving Average
-Fractal Adaptive Moving Average
-Kaufman's Adaptive Moving Average
Refined the color scheme for both bar colors and the moving averages.
Please note: Each moving average type generates different box values, so play around with them and find the one that works best for you.
Skrip sumber terbuka
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Reach out on Telegram:
t.me/DonovanWall
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.