Combo Backtest 123 Reversal & STARC BandsThis is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
A type of technical indicator that is created by plotting two bands around
a short-term simple moving average (SMA) of an underlying asset's price.
The upper band is created by adding a value of the average true range
(ATR) - a popular indicator used by technical traders - to the moving average.
The lower band is created by subtracting a value of the ATR from the SMA.
STARC is an acronym for Stoller Average Range Channels. The indicator is
named after its creator, Manning Stoller.
WARNING:
- For purpose educate only
- This script to change bars colors.
Cari dalam skrip untuk "band"
Dual Mean Reversion Channel (adjusted lower band)This is a public and open-source lighter version compared to the "Overextended Price Channel" which is provided complimentaty to the Trend Insight System.
Introduction :
Channels are very useful tools to assess overextended price, volatility and upcoming retracement or impulsive moves (such as Bollinger Band squeezes). It is an indispensable addition to any trader using Mean Reversion theory for a scalp-trade or swing-trade.
This script contains :
- 2 channels Keltner-style, using the True Range for volatility
- customizable volatility (channel width) and smoothing period
- a standard selection of moving average ; SMA, EMA, VWMA
- an embedded readjustment of the lower bands to avoid the drop on a logarithmic scale (see explanation below)
Why another channel indicator ?
I have found most conventional channels to be either not based on "proper" volatility (e.g. standard deviation of price action for Bollinger Band), or the bottom channel to be ill adapted to the logarithmic scale and plunges to 0 on some high volatility periods, messing with readability on logarithmic auto-scaled chart.
Also, I find the channels to be most useful when superimposed with another one of longer length; especially a pair of channels with a 50 and 200 period moving average respectively. Mean Reversion traders that mostly trade the 50 and 200 SMA/EMA know what I am talking about as having a channel helps to have a better visual for a proper of entry and exit point.
Disclaimer :
This indicator was originally intended to be used along with the Trend Insight System to improve performance, and the default configuration mostly backtested on BTCUSD.
Please use with caution, proper risk management and along with your favorite oscillator, candlestick reading and signals system.
Some explanation :
Based on Mean Reversion paradigm, everything has a tendency to revert back to the mean :
- when the price enters the upper channel, it is supposed to be (or start getting) overbought as the market is getting overheated, thus prone to correction,
- on the other hand, when the price enters the lower channel, it is supposed to be (or getting) oversold and the market looks favorable for a buy-in.
Depending on the trading style used, a trader will usually either wait until the price leaves the channel towards the mean before taking action (conservative style) or you will set limit orders inside the channel as you expect a reversion to the mean (more agressive/risky style).
With two channels, more complex (and maybe precise) rules can be built to optimize one's trading strategy.
Important notes :
In the end, sticking with 50/200 length and a single setting on volatility might be wiser, be wary of overoptimization which is risky at best and counter productive at worst (according to legendary traders such as Mark Douglas). Even if, needless to say, the volatility needs to be adjusted between a nascent and volatile market (such as crypto) compared to standard call markets that are much less volatile.
End notes :
It will always be considered a work in progress to help bring out the best of trading with channels, any comment and suggestion are welcomed.
Moving Average Bands [CC]The Moving Average Bands were created by Vitali Apirine (Stocks and Commodities July 2021 pg 16) and this is a very handy trend following indicator that will give you the overall trend of the underlying stock. As the bands rise then the stock is in an uptrend and as they fall then it is a downtrend. If the bands stay flat then it is a sideways and/or choppy market. I did change the middle band from what he originally authored because I believe this gives more accurate buy and sell signals so keep that in mind. Feel free to use a different moving average than the original exponential moving average in the formula. As always buy when the indicator lines turn green and sell when they turn red.
Let me know if there are any other indicators you would like to see me publish!
Combo Backtest 123 Reversal & Prime Number Bands This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Determining market trends has become a science even though a high number
or people still believe it’s a gambling game. Mathematicians, technicians,
brokers and investors have worked together in developing quite several
indicators to help them better understand and forecast market movements.
The Prime Number Bands indicator was developed by Modulus Financial Engineering
Inc. This indicator is charted by indentifying the highest and lowest prime number
in the neighborhood and plotting the two series as a band.
WARNING:
- For purpose educate only
- This script to change bars colors.
Overbought/Oversold BandsThe basis of this script is my "Hybrid Overbought/Oversold Detector" which uses many different oscillators to confirm overbought/oversold conditions. The main idea is to generate higher and lower bands around the desired moving average using an average of the volatility (ATR) and the standard deviation (StDev), of course by interfering detected overbought/oversold condition.
Simply put, the more the asset become overvalued/undervalued, the tighter the channel would be and every breakout of the bands announces a return back into the channel in near future.
By default, the multiplier of the standard deviation in the indicator settings is set to 2 which means only less than 5% of price actions would appear outside the bands. Also the default multiplier of the ATR is set to 3 which leads to some similar result, but to achieve more strict results setting StDev multiplier to 3 and ATR multiplier to 4 would be useful.
The type of the central moving average could be picked up from 6 different types which are:
- SMA (Simple Moving Average)
- EMA (Exponential Moving Average)
- HMA (Hull Moving Average)
- LSMA (Least Squares Moving Average)
- TMA (Triangular Moving Average)
- MAEMA (My Personalized Momentum Adjusted EMA)
The latter one leads to a useful combination of the channel with the momentum.
Also the script has multi-timeframe features and the user could apply calculations from other time frames to the current chart.
Hope the idea would be helpful!
VIX Implied Move Bands for ES/Emini futuresThis script uses the close of the VIX on a daily resolution to provide the 'implied move' for the E-mini SP500 futures. While it can be applied to any equity index, it's crucial to know that the VIX is calculated using SPX options, and may not reflect the implied volatility of other indices. The user can adjust the length of the moving average used to calculate the bands, the window of days used to calculate the implied move, and the multiplier that effects the width of the bands.
Ultimate VWAP Bands- Ultimate VWAP Bands is a script that helps to decide and further clarify areas of oversold and overbought conditions.
- For example, when the price is in the lowest band it is extremely oversold relative to the VWAP . Hence it should be considered a good place to buy with a high risk to reward payoff.
- Each band is set at a fixed offset away from the VWAP . The "VWAP Band Multiplier" adjusts this and is a key part of the script. This allows the indicator to be adjusted based on the assets volatility . For example, with Crypto. A multiplier of 1 would be strongly advised. Whilst a multiplier of 0.1-0.25 would be useful for currency pairs.
- This indicator can be used for all manners of trading. However, it is most effective when used for scalping and swing trading.
Vortex BandsA slighty modified version of Better Bollinger Bands. The idea of the experiment was to do a thing like the well-known Vortex Indicator, but an overlay:
Obvious trading rules are:
go Long when the blue line is above other two
go Short when the orange line is above other two
stop when price crosses the basis line
The tool is EXPERIMENTAL . Good luck!
R100 Volatility Combo Bands v1 (*v*)The Volatility Combo Bands are made from 4 separate volatility bands- two Bollinger Bands (10 and 20 period) and two Price Headley Acceleration Bands (10 and 20 period). The Volatility Combo Bands plot the innermost upper and lower points from these bands and then plots a mid-line. By default, only the standard 20 period Bollinger Bands and Combo Bands with mid-line are displayed, but can be configured however you want.
Try it out- see squeezes earlier, ride the bands earlier in trending markets, trade pullbacks to the Combo Bands and mid-line, trade the range of the band or use them to help identify potential support and resistance levels. Hopefully they can add another dimension to identifying volatility contraction patterns or whatever you currently use these things for!
I hope you get some value out of it. Only conditions of use are that if you improve it, let me know and if you publish something that uses it, don't hide the code! Enjoy!
Code for the Price Headley Acceleration Bands pinched and modified from LazyBear - thankyou.
ATR BandsDisplays two bands above and below the source using the ATR. Comes with ATR multipliers for upper and lower bands.
Prime Number Bands Strategy Determining market trends has become a science even though a high number
or people still believe it’s a gambling game. Mathematicians, technicians,
brokers and investors have worked together in developing quite several
indicators to help them better understand and forecast market movements.
The Prime Number Bands indicator was developed by Modulus Financial Engineering
Inc. This indicator is charted by indentifying the highest and lowest prime number
in the neighborhood and plotting the two series as a band.
WARNING:
- This script to change bars colors.
VWMA Keltner BandsKind of like Keltner Channel/Bands (stockcharts.com) but using VWMA instead so that volume is taken in to account.
Outside the upper band can considered to be 'overbought' and outside the lower band can be considered to be 'oversold'
Has option to highlight signals (i.e. when price closes outside a channel) and also the option to only display signals if the price is on the correct side of VWAP (i.e. no sell signals if price is above VWAP)
Fractal Regression Bands [DW]This study is an experimental regression curve built around fractal and ATR calculations.
First, Williams Fractals are calculated, and used as anchoring points.
Next, high anchor points are connected to negative sloping lines, and low anchor points to positive sloping lines. The slope is a specified percentage of the current ATR over the sampling period.
The median between the positive and negative sloping lines is then calculated, then the best fit line (linear regression) of the median is calculated to generate the basis line.
Lastly, a Golden Mean ATR is taken of price over the sampling period and multiplied by 1/2, 1, 2, and 3. The results are added and subtracted from the basis line to generate the bands.
Williams Fractals are included in the plots. The color scheme indicated whether each fractal is engulfing or non-engulfing.
Custom bar color scheme is included.
Directional Movement Bands [DW]This is a simple experimental study designed to outline trend activity and volatility.
In this study, the amount of change between current source and source of a specified lookback is calculated, then added to and subtracted from current source.
Next an exponential moving average is taken of the values for smoothing over the specified period.
Lastly, a midline is generated by taking the median of both bands.
ELASTIC WEIGHTED MOVING AVG with STDDEV BANDSImported from Stock & Commodities February 2017 month’s Traders’ Tips issue , from Vitali Apirine’s article in this issue, “Exponential Standard Deviation Bands.” Here, we present the February 2017 Traders’ Tips code with possible implementations in various software.
UCS_TTM - Reversion BandsOk, Here we go - Version 1 of TTM Reversion Band goes live.
Link to TTM Reversion Band - www.tradethemarkets.com
Link to TTM Reversion Band Guide - kb.simplertrading.com
John Carters Mastering the trade - www.amazon.com
For the amount of information this has, the price tag is not hefty.
John's RTM Chapter Synopsis - www.tradethemarkets.com
What did I modify?
1. Automated the Daily + and Intraday settings. So Switching to intraday will change the setting automatically.
2. Added text callouts for RTM condition
a. John Carter's Indicator
b. Slope Based (my addition).
Future Improvement Planned.
1. Will Convert this into a system based on John's Indicator from TS.
2. Custom Options for Slope and MA setting for Trade filter.
Bandpass Filter Strategy The related article is copyrighted material from
Stocks & Commodities Mar 2010
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
Bandpass Filter The related article is copyrighted material from
Stocks & Commodities Mar 2010
You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect...
Vervoort Volatility Bands [LazyBear]This is Mr. Vervoort's take on volatility bands. Sticking to his style, he uses highly smoothed data everywhere, also improves on the way the bands are calculated. Is this better than others? I will let you guys decide :)
More info:
www.traders.com
List of my other indicators:
- Chart:
- GDoc: docs.google.com
CCT Bollinger Band OscillatorThe CCT Bollinger Band Oscillator (CCTBO), developed by Steve Karnish of Cedar Creek Trading, reconfigures John Bollinger's classic Bollinger Bands (envelopes plotted at two Standard Deviations above and below a moving average) by drawing two parallel lines replacing the envelopes. The parallel lines represent a measurement of two Standard Deviations from the mean and are assigned a value of zero and 100 on the chart.
The indicator represents the price as it travels above and below the mean (50%) and outside the two standard deviations (zero and 100). Penetration of the upper band represents overbought conditions while penetration of the lower band signifies oversold conditions. Usage of the CCT Bollinger Band Oscillator to identify 'failure swings' and 'divergences' can lead to significant reversals.
List of my other indicators:
- Chart:
- GDoc: docs.google.com
RSI BandsPlots adaptive ATR bands around the 27-EMA to approximate RSI overbought and oversold zones directly on price. Provides a clean visual reference for RSI-like extremes without displaying the RSI itself.
Bollinger Band Touch with EMA Filter (Inverted, Alerts)Bollinger Band Touch with EMA Filter above or below the 100 nd 200 emas
