GoldBands

CBG Swing HighLow MA

This indicator will show the swing high and lows for the number of bars back. It's very easy to use and shows good support and resistance levels.

I then took it a step further and added a moving average with all the standard types in my indicators:

SMA
EMA
Weighted
Hull
Symmetrical
Volume Weighted
Wilder
Linear Regression

I then added Bollinger Bands to show the standard deviation from the midline.

Finally, I added a simple bar coloring scheme: green if above the upper BB, Red if below and orange if in the middle.

I am just testing this out so please use with caution. If anyone in the community wants to run some backtests, that would be great and we would all appreciate it.

Of course you can keep it all simple and turn off all the moving averages and bollinger bands .

Enjoy! :-)
Catatan Pelepasan: I have added the ability to have keltner channels as well as bollinger bands. In fact, you can have both displayed at the same time.

You also have the option to color the bars and the background based on either bands.

Finally, I have added shading to the bands.

Enjoy.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Ingin menggunakan skrip ini pada carta?

Komen

Awesome work, thank you!
Balas
Here's are some zoom ins
5 minute chart:
30 minute chart:
2 hour chart:
Daily:
Balas
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