Cheat Code Bands

These bands are a combination of Fibonacci multiples of standard deviations, combined with specific time-frame moving averages. They are meant to be used similar to a Fibonacci Retracement pull, but with more dynamic and real-time updates on them.

These bands print their next value at the opening mark of a candle, and so will not fake you out.

You can expect to use these bands as support & resistance lines in the market, trading between the 4 different sets (separated via color), and looking for a bounce in the opposite direction if the bands can hold the market.

We oftentimes see price continually fluctuate between the upper-most 3 bands, and the lower-most 3 bands, so looking for a trade in the opposite direction once these bands are being held can be a good idea.

The time frame of the standard deviations, and the moving averages, are different from each-other, and are Fibonacci based as well. Through hours of backtesting, these values seem to hold best, and catch the major pivots in the market nicely.

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Nota Keluaran

Renamed the indicator to properly match the script title

Nota Keluaran

Added the ability to toggle on / off clouds, instead of the bands, as well as change their transparency

Skrip jemputan sahaja

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Arahan penulis

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