TRAMA Band

📌 Overview
TRAMA Band is an indicator based on TRAMA (Trend Adaptive Moving Average), combined with standard deviation bands (±1σ, ±2σ, ±3σ) calculated from the residual (price − TRAMA).
It helps traders identify trend direction, volatility zones, and potential trading signals such as pullbacks, profit targets, and overextended conditions.

🎯 Objectives

• [] Provide a dynamic trend baseline using TRAMA
  [] Support trend-following, profit-taking, and counter-trend decisions with standard deviation bands
  
• Visualize overbought/oversold conditions and potential reversal zones
  

✨ Key Features

• [] TRAMA (red line): Adaptive moving average with reduced noise
  [] ±1σ Bands (blue): Defines trend bias, entry on pullbacks or rallies
  [] ±2σ Bands (orange): Profit-taking or counter-trend consideration
  [] ±3σ Bands (green): Extreme volatility levels, potential reversal warnings
  
• Clear zone separation with semi-transparent fills for intuitive analysis
  

📊 Usage Examples

Long setups:

• [] Price breaks above +1σ → bullish bias confirmed
  [] Enter on pullbacks, target exits near +2σ
  
• +3σ reached → possible overextension, consider reversal signals
  

Short setups:

• [] Price breaks below -1σ → bearish bias confirmed
  [] Enter on rallies, target exits near -2σ
  
• -3σ reached → oversold condition, possible reversal signals
  

⚙️ Parameters

• [] Length: Calculation period (default 99)
  [] Source: Price input (default close)
  [] σ1, σ2, σ3 bands with customizable colors (blue, orange, green)
  [] Zone shading with different transparency (85% / 90% / 95%) for visual clarity
  

✅ Summary
The updated TRAMA Band plots ±1σ, ±2σ, and ±3σ simultaneously, enabling traders to:

• [] Identify trend direction
  [] Spot pullback and rally entry opportunities
  
• Recognize profit-taking and reversal levels
  

With its clear visual zones and adaptive baseline, it serves as a versatile tool for both discretionary trading and rule-based strategies.