Volatility Trend Bands [Orderflowing]
Built using Pine Script V5.
Introduction
The Volatility Trend Bands indicator is a trading tool designed for trend analysis and market volatility visualization.
It integrates multiple moving average types, offering traders a customizable trend visual.
Inspiration and Originality
The Volatility Trend Bands indicator is inspired by the need for a comprehensive trend/volatility tool that can work with differing market conditions and trading styles.
Its use of multiple moving average types and more customizable settings sets it apart from other traditional technical analysis tools.
Core Features
- Multiple Moving Average Types: Offers EMA, DEMA, T3, Laguerre, ZLEMA, TEMA, or HULL types for the calculation.
- Band Width: Allows for the adjustment of band width, used to align it with different analytical styles and volatility levels.
- Optional Smoothing: Implements smoothing techniques for a clearer view of the Trend Band, reducing market noise and take significant movements into account.
- Calculations: Includes options like Laguerre Gamma and Volume Factor for T3, allowing depth for the Laguerre & T3 options.
Input Parameters
- Lookback Period: Adjust the number of past data points considered, affecting sensitivity to market changes.
- Moving Average Type: Select from the available options to determine the band's calculation method.
- Band Width Multiplier: Modify the width of the bands to visualize market extremes and volatility more effectively.
- Smoothing Techniques: Choose to apply smoothing for a trend visualization.
- Calculation Settings: Fine-tune settings like Laguerre Gamma and Volume Factor.
Example of Disabled Smoothing (EMA type):
Example of Enabled Smoothing (EMA type):
Example of T3 Calculation:
Example of Multi-Timeframe (1D Calculation / 4H Chart):
Usage and Applications
- Instrument Trend Analysis: The plotted trend can be used to analyze trends and potential reversal points, helping with strategic decision-making.
- Volatility: Offers visual of market volatility, and furthermore in the identification of potential breakout points.
- Risk Management: Utilize the bands for setting strategic stop-loss or take-profit levels, based on nuanced market movement analysis.
The Value
The Volatility Trend Bands indicator is a custom tool, offering advanced features and customization options that justify its value.
Conclusion
The Volatility Trend Bands indicator is a useful tool for market analysis, offering a mix of advanced calculation methods and customization options.
It adapts to market conditions and trader preferences, providing a flexible approach to trend analysis.
The Volatility Trend Bands indicator is to be used for confluence with other trading strategies and market analysis methods.
Only relying on this indicator for trading decisions is not advised.
Skrip jemputan sahaja
Hanya pengguna yang diberikan kebenaran oleh penulis mempunyai akses kepada skrip ini dan ini selalunya memerlukan pembayaran. Anda boleh menambahkan skrip kepada kegemaran anda tetapi anda hanya boleh menggunakannya selepas meminta kebenaran dan mendapatkannya daripada penulis — ketarhui lebih lanjut di sini. Untuk lebih butiran, ikuti arahan penulis di bawah atau hubungi Orderflowing secara terus.
TradingView tidak menyarankan pembayaran untuk atau menggunakan skrip kecuali anda benar-benar mempercayai penulisnya dan memahami bagaimana ia berfungsi. Anda juga boleh mendapatkan alternatif sumber terbuka lain yang percuma dalam skrip komuniti kami.
Arahan penulis
Amaran: sila baca panduan kami untuk skrip jemputan sahaja sebelum memohon akses.
Develop Edge For Markets™
Indicators:
tradingview.com/u/Orderflowing/
orderflowing.com/indicators
Get Instant Access: orderflowing.com/pricing
Penafian
Skrip jemputan sahaja
Hanya pengguna yang diberikan kebenaran oleh penulis mempunyai akses kepada skrip ini dan ini selalunya memerlukan pembayaran. Anda boleh menambahkan skrip kepada kegemaran anda tetapi anda hanya boleh menggunakannya selepas meminta kebenaran dan mendapatkannya daripada penulis — ketarhui lebih lanjut di sini. Untuk lebih butiran, ikuti arahan penulis di bawah atau hubungi Orderflowing secara terus.
TradingView tidak menyarankan pembayaran untuk atau menggunakan skrip kecuali anda benar-benar mempercayai penulisnya dan memahami bagaimana ia berfungsi. Anda juga boleh mendapatkan alternatif sumber terbuka lain yang percuma dalam skrip komuniti kami.
Arahan penulis
Amaran: sila baca panduan kami untuk skrip jemputan sahaja sebelum memohon akses.
Develop Edge For Markets™
Indicators:
tradingview.com/u/Orderflowing/
orderflowing.com/indicators
Get Instant Access: orderflowing.com/pricing