Cari dalam skrip untuk "bollingerband"
BollingerBands MTF | AlchimistOfCrypto🌌 Bollinger Bands – Unveiling Market Volatility Fields 🌌
"The Bollinger Bands, reimagined through quantum mechanics principles, visualizes the probabilistic distribution of price movements within a multi-dimensional volatility field. This indicator employs principles from wave function mathematics where standard deviation creates probabilistic boundaries, similar to electron cloud models in quantum physics. Our implementation features algorithmically enhanced visualization derived from extensive mathematical modeling, creating a dynamic representation of volatility compression and expansion cycles with adaptive glow effects that highlight the critical moments where volatility phase transitions occur."
📊 Professional Trading Application
The Bollinger Bands Quantum transcends traditional volatility measurement with a sophisticated gradient illumination system that reveals the underlying structure of market volatility fields. Scientifically calibrated for multiple timeframes and featuring eight distinct visual themes, it enables traders to perceive volatility contractions and expansions with unprecedented clarity.
⚙️ Indicator Configuration
- Volatility Field Parameters 📏
Python-optimized settings for specific market conditions:
- Period: 20 (default) - The quantum time window for volatility calculation
- StdDev Multiplier: 2.0 - The probabilistic boundary coefficient
- MA Type: SMA/EMA/VWMA/WMA/RMA - The quantum field smoothing algorithm
- Visual Theming 🎨
Eight scientifically designed visual palettes optimized for volatility pattern recognition:
- Neon (default): High-contrast green/red scheme enhancing volatility transition visibility
- Cyan-Magenta: Vibrant palette for maximum volatility boundary distinction
- Yellow-Purple: Complementary colors for enhanced compression/expansion detection
- Specialized themes (Green-Red, Forest Green, Blue Ocean, Orange-Red, Grayscale): Each calibrated for different market environments
- Opacity Control 🔍
- Variable transparency system (0-100) allowing seamless integration with price action
- Adaptive glow effect that intensifies during volatility phase transitions
- Quantum field visualization that reveals the probabilistic nature of price movements
🚀 How to Use
1. Select Visualization Parameters ⏰: Adjust period and standard deviation to match market conditions
2. Choose MA Type 🎚️: Select the appropriate smoothing algorithm for your trading strategy
3. Select Visual Theme 🌈: Choose a color scheme that enhances your personal pattern recognition
4. Adjust Opacity 🔎: Fine-tune visualization intensity to complement your chart analysis
5. Identify Volatility Phases ✅: Monitor band width to detect compression (pre-breakout) and expansion (trend)
6. Trade with Precision 🛡️: Enter during band contraction for breakouts, or trade mean reversion using band boundaries
7. Manage Risk Dynamically 🔐: Use band width as volatility-based position sizing parameter
TEC_MapHack_Sub2_Chart_ver_2.0.0본 지표는 PSAR + Bollinger Bands 를 사용해 추세를 나타내는 지표입니다.
배경색이 붉은색이면 상승추세, 파란색이면 하락추세를 나타냅니다.
PSAR과 BollingerBands 중심선을 기준으로 추세를 알아냅니다.
These are indicators of trends using PSAR + Bollinger Bands.
A red background indicates an upward trend, while a blue one indicates a downward trend.
Identify trends based on the centerlines of PSAR and BollingerBands.
Matty Pips strategy 2For education purpose. Applied only for Matty Pips Strategy. Arrow will appear when bollingerband + sar + binary with temito are in the same OB/OS.
Matty Pips main strategy is number 1. This is number 2
BollingerBands Balance[Giang]The "BollingerBands Balance " indicator is an enhanced version of the traditional Bollinger Bands, designed to analyze price trends on higher timeframes to identify key support and resistance zones. Instead of relying on the Simple Moving Average (SMA) to calculate standard deviation and define upper/lower bands, this indicator uses a Balance Line (CB), calculated by averaging the highest and lowest prices over a specified period and smoothing it with the Hull Moving Average (HMA).
This indicator provides multi-level upper and lower bands (from "min" to "supper max") with customizable multipliers, enabling users to identify potential reversal or continuation zones with ease. Analyzing with multiple support/resistance bands not only aids in recognizing short-term trends but also provides a broad view of long-term trends. The BollingerBands Balance indicator is a valuable tool for adjusting trading strategies and identifying optimal entry and exit points based on price dispersion around the balance line.
5EMA BollingerBand Nifty Stock Scanner
What ?
We all heard about (well: over-heard) 5-EMA strategy. Which falls into the broader category of mean reversal type of trading setup.
What is mean reversal?
Price (or any time series, in fact) tries to follow a mean . Whenever price diverges from the mean it tries to meet it back.
It is empirically observed by some traders (I honestly don't know who first time observed it) that in Indian context specially, 5 Exponential Moving Average (5-EMA) works pretty good as that mean.
So whenever price moves away from that 5-EMA, it ultimately comes back and attain total nirvana :) Means: if price moved way higher than the 5EMA without touching it, then price will correct to meet it's 5-EMA and if price moved way lower, it will be uplifted to meet it's 5-EMA. Funny - but it works !
Now there are already enough social media coverage on this 5-EMA strategy/setup. Even TradingView has some excellent work done on these setups. Kudos to all those great souls.
So when we came to know about this, we were thinking what we should do for the community. Because it is well cover topic (specially in Indian context). Also, there are public indicators.
Then we thought why not come up with a scanner which will scan all the Nifty-50 constituent stocks and find out on the fly, real-time which all stocks are matching this 5-EMA setup and causing a Buy/Sell trade recommendation.
Hence here we are with the first version of our first scanner on the 5EMA setup (well it has some more masala than merely a 5-EMA setup).
Why?
Parts of why is already covered up.
Now instead of blindly following 5-EMA setup, we added the Bollinger band as well. Again: it's also not new. There are enough coverage in social media about the 5-EMA+BB strategy/setup. We mercilessly borrowed from all of these.
Suppose you have an indicator.
Now you apply the indicator in your chart. And then you need to (rock) and roll through your watchlist of Nifty-50 stocks (note: TradingView has no default watchlist of Nifty-50 stock by default - you have to create one custom watchlist to list all manually) to find out which all are matching the setup, need to take a note about the trade recomendations (entry, SL, target) and other stuffs like VWAP, Volume, volatility (Bollinger Band Width).
Not any more.
This scanner will track all the Nifty-50 stocks (technically: 40 stocks other than Banking stocks) and provide which one to Buy or Sell (if any), what's the entry, SL, target, where is the VWAP of the day, what's the picture in volume (high, low, rising, falling) and the implied volatility (using Bolling band width). Also it has a naive alerting mechanism as well.
In fact the code is there to monitor the (Future) OI also and all the OI drama (OI vs price and all the 4 stuffs like long build up, long unwinding, short covering, short buildup). But unfortunately, due to some limitations of the TradingView (that one can not monitor more than 40 `ta.security` call) we have to comment out the code. If you wish you can monitor only 20 stocks and enable the OI monitoring also (20 for stocks + 20 for their OI monitoring .. total 40 `ta.security` call).
How?
To know the divergence from 5-EMA we just check if the high of the candle (on closing) is below the 5-EMA. Then we check if the closing is inside the Bollinger Band (BB). That's a Buy signal. SL: low of the candle, T: middle and higher BB.
Just opposite for selling. 5-EMA low should be above 5-EMA and closing should be inside BB (lesser than BB higher level). That's a Sell signal. SL: high of the candle, T: middle and lower BB.
Along with we compare the current bar's volume with the last-20 bar VWMA (volume weighted moving average) to determine if the volume is high or low.
Present bar's volume is compared with the previous bar's volume to know if it's rising or falling.
VWAP is also determined using `ta.vwap` built-in support of TradingView.
The Bolling Band width is also notified, along with whether it is rising or falling (comparing with previous candle).
Simple, but effective.
Customization
As usual the EMA setup (5 default), the BB setup (20 SMA with 1.5 standard deviation), we provided option wherther to include or exclude BB role in the 5-EMA setup (as we found out there are two schools of thought .. some people use BB some don't. Lets make all happy :))
We also provide options to choose other symbols using Settings if they wish so. We have the default 40 non banking Nifty stocks (why non-banking? - Bank Nifty is in ATH :) .. enough :)). But if user wishes can monitor others too (provided the symbol is there in TradingView).
Although we strongly recommend the timeframe as 30 minutes , you can choose what's fit you most.
The output of the scanner is a table. By default the table is placed in the right-bottom (as we are most comfortable with that). However you can change per your wish. We have the option to choose that.
What is unique in it ?
This is more of an indicator. This is a scanner (of Nifty-50 stocks). So you can apply (our recommendation is in 30m timeframe) it to any chart (does not matter which chart it is) and it will show every 30 mins (which is also configurable) which all stocks (along with trade levels) to Buy and Sell according to the setup.
It will ease your trading activity.
You can concentrate only on the execution, the filtering you can leave it to this one.
Limitations
There is a build in limitation of the TradingView platform is that one can call only upto 40 securities API. Not beyond that. So naturally we are constraint by that. Otherwise we could monitor 190 Nifty F&O stocks itself.
30m is the recommended timeframe. In very lower (say 5m) this script tends to go out of heap (out of memory). Please note that also.
How to trade using this?
Put any chart in 30m (recommended) timeframe.
Apply this screener from Indicators (shortcut to launch indicators is just type / in your keyboard).
This will provide the Buy (shown in green color) or Sell (shown in red color) recommendations in a table, at every 30m candle closing.
Note the volume and BB width as well.
Wait for at least 2 5-minutes candles to close above/below the recommended level .
Take the trade with the SL and target mentioned.
Mentions
@QuantNomad. The whole implementation concept we mercilessly borrowed from him, even some of his code snippet we took it (after asking him through one of his videos comment section and seeking explicit permission which he readily granted within an hour). Thank You sir @QuantNomad. Indebted to you.
Monika (Rawat) ji: for reviewing, correcting, providing real time examples during live market hours, often compromising her own trading activities, about the effectiveness and usefulness of this setup. Thank You madam ji. Indebted to you.
There are innumerable contents in social media about this. Don't even know whom all we checked. Thanks to all of them.
Happy Trading (in stocks - isn't enough of Indices already?)
Disclaimer
This piece of software does not come up with any warrantee or any rights of not changing it over the future course of time.
We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
matty pips strategyFor education purpose. Applied only for Matty Pips Strategy. Arrow will appear when bollingerband + sar + binary with temito are in the same OB/OS.
3MAs & BB, Time-Res, Low-VolTriple MAs with EMA/SMA option, and specific timeframe options.
Very customizable.
Bollinger Bands
If BollingerBand Width is lowest in 100 bars it fills background.
MACD Indicator for 5 Min ScalpThis Indicator merges the 1 min MACD with BollingerBands to dedect a bigger than avarage tick on the Macd for the 5 min Scalping Strategy
You can change the length of the bollinger bands for the upper and lower channel individually so that you can get better signals
if a tick is bigger than avarage it will be colored, else it would be gray
this is the same indicator i used to get entrys in my 5 min scalping statagy, but i wouldnt just go in a trade when there is a bigger than usual tick. You have to look at other things to
multi RSI channel for divergence / wave analysisThis is an indicator that will make analysis using RSI much easier!
This indicator is basically an RSI, that uses the concept of bollingerbands, and draws channel that corresponds with the real RSI value.
With this script, you will be able to
1.spot divergences visually, and much easier (rsi channel is set to 35/65-white 30/70-yellow 20/80-orange 15/85-red)
2.analyze the wave easier with the guidance of labels printed
For those people who use RSI alot, you will be able to use this indicator for spotting divergence scenarios before the divergence forms,
and with the multi-rsi channel & help of label, you will be able to visually know that the divergence has formed.
this indicator will help guide you to read RSI indicator much better, and I personally don't think that you need extra RSI indicator(default),
because this is much more intuitive, and you get all the benefits of RSI as well.
hope this helps someone like me who really wanted to use RSI channel more professionally!
BollingerBandsLineThis script will display the price of Bollinger Bands .
For example.See the image above.
You can grasp the price of + 1σ on the weekly chart while looking at the five-minute chart.
You can know the existence of resistance.And you can get the sign of reversal.
This script can display the price of Bollinger Bands for each hour at the same time.
M5,M15,M30,H1,H4,DAY,WEEK,MONTH.
You can also display the price of the middle line for the specified period.
All lines can be changed in color.
You can also specify three Bollinger Bands deviations.
± 1σ is very important in Bollinger Bands .
Once the price goes out of ± 1σ, it may become a trend and start a bandwalk.
Conversely, if the price returns to within ± 1σ, the trend may reverse.
With a line drawn there, this script will help you trade.
If you are interested in the invitation-only indicator, please contact us on private chat.
The following is an explanation in Japanese.
通常のボリンジャーバンドのミドルラインと+1σ、-1σに加えて、
指定した２つの偏差のラインを表示できます。
※デフォルト設定ではミドルラインと±1σ、±2σ、±3σになっています。
5分足・15分足・30分足・1時間足・4時間足・日足・週足・月足のボリンジャーバンドの±1σ、及びミドルラインにリアルタイムで自動的にラインを引いてくれるインジケーターです。
好きな時間足のチャートを見ながら今、各時間足のボリンジャーバンド±1σ、及びミドルラインがどの位置にあるか把握することができます。
各時間足の±1σ、ミドルそれぞれラインの色を変更可能！
必要のない時間足の±1σ及びミドルラインのON・OFFが変更可能！
自分の見やすいようにお好みでアレンジできます！
TradingViewの設定で「インジケーター名ラベル」をオンにすれば、
この水平線がどの時間足のどこの水平線なのか説明が表示されます！
このインジケーターに興味がある方はプライベートチャットで連絡ください。
BBMA Strategy - EXT CSD CSM MHV RE CodesBINANCE:BTCUSD
Below is a detailed guide for using and interpreting the "BBMA Strategy - Enhanced EXT CSD CSM with Subplot" indicator. This guide is designed to be added to the description of the indicator when publishing it on TradingView. It provides clear instructions for users on how to apply the indicator, interpret its signals, and understand its features, including the multi-timeframe analysis and subplot table.
BBMA Strategy - Enhanced EXT CSD CSM with Subplot: User Guide
Overview
The "BBMA Strategy - Enhanced EXT CSD CSM with Subplot" is a comprehensive trading indicator built on the Bollinger Bands Moving Average (BBMA) framework. It combines multiple technical analysis tools—Bollinger Bands, Moving Averages (MAHI and MALO), EMA, ATR, volume analysis, RSI, MACD, market structure, and candlestick patterns—to identify high-probability trading setups. The indicator supports five key BBMA setups: EXT (Extreme), CSD (Consolidation), CSM (Continuation Setup Movement), RE (Re-Entry), and MHV (Market High Volatility).
This enhanced version includes:
Multi-Timeframe (MTF) Analysis: Confirms signals across a Lower Timeframe (LTF) and Higher Timeframe (HTF) for stronger trade validation.
Subplot Table: Displays signal status ("Active" or "Upcoming") and MTF confirmations in a clear table format.
Market Structure and Volume Filters: Incorporates Break of Structure (BOS), RSI divergence, and volume conditions to filter out low-probability trades.
Customizable Settings: Adjust Bollinger Bands, MA periods, timeframes, and more to suit your trading style.
This indicator is suitable for traders of all levels and can be used across various markets (e.g., forex, crypto, stocks) and timeframes (1M to 1D).
How to Use the Indicator
1. Add the Indicator to Your Chart
Open TradingView and load the chart of your chosen asset (e.g., BTCUSD, EURUSD, XAUUSD).
Go to the Pine Editor, paste the indicator code, and click "Add to Chart."
The indicator will overlay on your chart, displaying Bollinger Bands, Moving Averages, EMA, and signal labels. A subplot table will appear at the bottom of the chart.
2. Configure the Settings
The indicator provides customizable inputs to tailor it to your trading preferences. Access the settings by clicking the gear icon next to the indicator name on your chart:
Bollinger Bands Settings:
BB Period: Default is 20. Adjust the lookback period for Bollinger Bands.
BB Deviations: Default is 2. Adjust the standard deviation for the bands.
MAHI Settings (Moving Averages on High):
MAHI 5 Period: Default is 5. Period for the shorter MA on highs.
MAHI 10 Period: Default is 10. Period for the longer MA on highs.
MALO Settings (Moving Averages on Low):
MALO 5 Period: Default is 5. Period for the shorter MA on lows.
MALO 10 Period: Default is 10. Period for the longer MA on lows.
EMA Settings:
EMA Period: Default is 50. Adjust the period for the Exponential Moving Average.
ATR Settings:
ATR Period: Default is 14. Period for the Average True Range.
ATR SMA Period: Default is 14. Period for the ATR smoothing.
Timeframe Settings:
Minor HTF: Default is 1h. Select the minor higher timeframe for trend confirmation.
Major HTF: Default is 4h. Select the major higher timeframe for trend confirmation.
Lower TF for Confirmation: Default is 5m. Select the lower timeframe for signal confirmation.
Market Structure Settings:
Market Structure Lookback: Default is 10. Adjust the lookback period for swing highs/lows in market structure analysis.
3. Select Your Chart Timeframe
The indicator works on any timeframe from 1 minute (1M) to 1 day (1D).
For best results, align your chart timeframe (Current Timeframe, CTF) with the LTF and HTF settings:
Example: If CTF is 15m, set LTF to 5m and HTF to 1h or 4h.
This ensures proper multi-timeframe alignment for signal confirmation.
Indicator Components
Main Chart Elements
Bollinger Bands (BB): Plotted as three lines (upper, middle, lower) to identify volatility and potential reversal zones.
Upper Band: Blue line.
Middle Band: Black line (basis).
Lower Band: Blue line.
MAHI (Moving Averages on High): Two weighted moving averages on highs to detect trend direction.
MAHI 5: Green line.
MAHI 10: Lime line.
MALO (Moving Averages on Low): Two weighted moving averages on lows to confirm trend direction.
MALO 5: Red line.
MALO 10: Orange line.
EMA (50-period): Purple line to identify the overall trend.
Signal Labels: Appear on the chart when a setup is confirmed:
EXT Buy: Green upward arrow (reversal buy at BB lower band).
EXT Sell: Red downward arrow (reversal sell at BB upper band).
CSM Buy: Teal upward arrow (continuation buy above BB middle).
CSM Sell: Maroon downward arrow (continuation sell below BB middle).
RE Buy: Aqua upward arrow (re-entry buy between BB lower and middle).
RE Sell: Fuchsia downward arrow (re-entry sell between BB upper and middle).
MHV: Orange label (high volatility breakout after consolidation).
CSD: Yellow diamond (consolidation signal).
Subplot Table
Located at the bottom of the chart, the table summarizes signal status across three timeframes:
CTF (Current Timeframe): Shows "Active" (signal confirmed) or "Upcoming" (signal forming) for each setup.
LTF (Lower Timeframe): Displays a checkmark (✔) if the signal is confirmed on the LTF.
HTF (Higher Timeframe): Displays a checkmark (✔) if the signal is confirmed on the HTF.
Columns represent the five BBMA setups: EXT Buy, EXT Sell, CSD, CSM Buy, CSM Sell, RE Buy, RE Sell, and MHV.
Interpreting the Signals
1. EXT (Extreme) Setup
EXT Buy (Green Arrow):
Condition: Price touches or breaks below the BB lower band, closes above it, with high ATR volatility, strong volume, and additional confirmations (e.g., hammer candle, RSI oversold, MACD bullish, MAHI/MALO crossover, or bullish divergence).
Interpretation: A potential reversal buy signal. Look for confirmation in the subplot table (LTF and HTF rows).
Action: Consider a long position if LTF and HTF confirm (✔ in both rows). Use the BB middle or upper band as a target.
EXT Sell (Red Arrow):
Condition: Price touches or breaks above the BB upper band, closes below it, with high ATR volatility, strong volume, and additional confirmations (e.g., shooting star candle, RSI overbought, MACD bearish, MAHI/MALO crossunder, or bearish divergence).
Interpretation: A potential reversal sell signal.
Action: Consider a short position if LTF and HTF confirm. Use the BB middle or lower band as a target.
2. CSD (Consolidation) Setup
CSD (Yellow Diamond):
Condition: BB width is narrow (below its SMA), low ATR volatility, small candles, and no MAHI/MALO crossovers.
Interpretation: The market is consolidating, often preceding a breakout (e.g., MHV).
Action: Avoid trading during CSD unless preparing for an MHV breakout. Monitor the subplot for "Upcoming" MHV signals.
3. CSM (Continuation Setup Movement)
CSM Buy (Teal Arrow):
Condition: Price is above the BB middle, MAHI crossover, MALO crossover or MACD bullish, price above EMA 50, with additional confirmations (e.g., bullish engulfing or MACD bullish).
Interpretation: A continuation buy signal in an uptrend.
Action: Enter a long position if LTF and HTF confirm. Target the BB upper band or recent swing highs.
CSM Sell (Maroon Arrow):
Condition: Price is below the BB middle, MAHI crossunder, MALO crossunder or MACD bearish, price below EMA 50, with additional confirmations (e.g., bearish engulfing or MACD bearish).
Interpretation: A continuation sell signal in a downtrend.
Action: Enter a short position if LTF and HTF confirm. Target the BB lower band or recent swing lows.
4. RE (Re-Entry) Setup
RE Buy (Aqua Arrow):
Condition: Price is between the BB lower and middle bands, MAHI crossover, MALO crossover or MACD bullish, price above EMA 50, with additional confirmations (e.g., bullish engulfing or MACD bullish).
Interpretation: A re-entry buy signal after a pullback in an uptrend.
Action: Enter a long position if LTF and HTF confirm. Target the BB middle or upper band.
RE Sell (Fuchsia Arrow):
Condition: Price is between the BB upper and middle bands, MAHI crossunder, MALO crossunder or MACD bearish, price below EMA 50, with additional confirmations (e.g., bearish engulfing or MACD bearish).
Interpretation: A re-entry sell signal after a pullback in a downtrend.
Action: Enter a short position if LTF and HTF confirm. Target the BB middle or lower band.
5. MHV (Market High Volatility) Setup
MHV (Orange Label):
Condition: Follows a CSD signal, with expanding BB width, high ATR volatility, strong volume, and MAHI/MALO crossover or crossunder.
Interpretation: A breakout signal after consolidation, indicating high volatility and potential for a strong move.
Action: Trade in the direction of the breakout (e.g., buy if MAHI crossover, sell if MAHI crossunder). Confirm with LTF and HTF. Target significant levels like recent swing highs/lows.
6. Multi-Timeframe Confirmation
LTF Confirmation: A checkmark (✔) in the LTF row indicates the signal is also present on the lower timeframe (e.g., 5m). This adds confidence to the trade.
HTF Confirmation: A checkmark (✔) in the HTF row indicates alignment with the higher timeframe trend (e.g., 4h). This confirms the signal's strength.
Strongest Signals: Look for signals with both LTF and HTF confirmations (✔ in both rows). These have the highest probability of success.
7. Upcoming Signals
The CTF row in the subplot table may show "Upcoming" for a setup (e.g., EXT Buy: Upcoming). This indicates the setup is forming but not yet confirmed.
Action: Monitor these setups closely. They may turn "Active" on the next candle if conditions are met.
Trading Tips
Trend Alignment: Use the EMA 50 and market structure (is_uptrend) to ensure trades align with the overall trend. For example, prioritize CSM Buy signals in an uptrend.
Risk Management:
Set stop-losses below recent swing lows (for buys) or above recent swing highs (for sells).
Use the BB middle or opposite band as a target for most setups.
Avoid Overtrading: Focus on signals with LTF and HTF confirmations to filter out noise.
Timeframe Selection:
Scalping: Use 1m or 5m CTF with 1m LTF and 15m HTF.
Day Trading: Use 15m or 1h CTF with 5m LTF and 4h HTF.
Swing Trading: Use 4h or 1D CTF with 1h LTF and 1D HTF.
Backtesting: Test the indicator on historical data for your chosen asset and timeframe to understand its performance.
Alerts
The indicator includes built-in alerts for each setup:
EXT Buy/Sell: Triggers when an EXT signal is confirmed.
CSD: Triggers during consolidation.
CSM Buy/Sell: Triggers for continuation signals.
RE Buy/Sell: Triggers for re-entry signals.
MHV: Triggers for high volatility breakouts. To set up alerts:
Right-click on the chart and select "Add Alert."
Choose the condition (e.g., "BBMA EXT Buy").
Set your preferred notification method (e.g., email, SMS).
Limitations
Lagging Indicators: The indicator uses moving averages and other lagging tools, which may delay signals in fast-moving markets.
False Signals: Like all indicators, it can produce false signals, especially in choppy markets. Use LTF/HTF confirmations to filter trades.
Timeframe Dependency: Ensure your CTF, LTF, and HTF are properly aligned to avoid conflicting signals.
DT Bollinger BandsIndicator Overview
Purpose: The script calculates and plots Bollinger Bands, a technical analysis tool that shows price volatility by plotting:
A central moving average (basis line).
Upper and lower bands representing price deviation from the moving average.
Additional bands for a higher deviation threshold (3 standard deviations).
Customization: Users can customize:
The length of the moving average.
The type of moving average (e.g., SMA, EMA).
The price source (e.g., close price).
Standard deviation multipliers for the bands.
Fixed Time Frame: The script can use a fixed time frame (e.g., daily) for calculations, regardless of the chart's time frame.
Key Features
Moving Average Selection:
The user can select the type of moving average for the basis line:
Simple Moving Average (SMA)
Exponential Moving Average (EMA)
Smoothed Moving Average (SMMA/RMA)
Weighted Moving Average (WMA)
Volume Weighted Moving Average (VWMA)
Standard Deviation Multipliers:
Two multipliers are used:
Standard (default = 2.0): For the original Bollinger Bands.
Larger (default = 3.0): For additional bands.
Bands Calculation:
Basis Line: The selected moving average.
Upper Band: Basis + Standard Deviation.
Lower Band: Basis - Standard Deviation.
Additional Bands: Representing ±3 Standard Deviations.
Plots:
Plots the basis, upper, and lower bands.
Fills the area between the bands for visual clarity.
Plots and fills additional bands for ±3 Standard Deviations with lighter colors.
Alerts:
Generates an alert when the price enters the range between the 2nd and 3rd standard deviation bands.
The alert can be used to notify when price volatility increases significantly.
Background Highlighting:
Colors the chart background based on alert conditions:
Green if the price is above the basis line.
Red if the price is below the basis line.
Offset:
Adds an optional horizontal offset to the plots for fine-tuning their alignment.
How It Works
Input Parameters:
The user specifies settings such as moving average type, length, multipliers, and fixed time frame.
Calculations:
The script computes the basis (moving average) and standard deviations on the fixed time frame.
Bands are calculated using the basis and multipliers.
Plotting:
The basis line and upper/lower bands are plotted with distinct colors.
Additional 3 StdDev bands are plotted with lighter colors.
Alerts:
An alert condition is created when the price moves between the 2nd and 3rd standard deviation bands.
Visual Enhancements:
Chart background changes color dynamically based on the price’s position relative to the basis line and alert conditions.
Usage
This script is useful for traders who:
Want a detailed visualization of price volatility.
Use Bollinger Bands to identify breakout or mean-reversion trading opportunities.
Need alerts when the price enters specific volatility thresholds.
Adaptive bollinger bands cloud v1 trend & trade signalsadaptive bollinger bands cloud:
the script extends the concept of bollinger bands by creating a "cloud" between the upper and lower bands. this cloud visually represents market conditions, with its color dynamically adjusting based on trend strength and volatility.
the gradient fill between the bands changes according to the deviation of the price from its basis, offering a visual cue for trend momentum.
trend detection logic:
a trend variable determines whether the price is in a bullish, bearish, or neutral state. if the price is above the upper band and the basis, the trend is marked bullish. if it's below the lower band and the basis, the trend is bearish. otherwise, it's neutral.
this trend logic is further enhanced with visual markers like arrows to indicate potential trend reversals.
extended take-profit bands:
additional upper and lower bands are calculated using a higher multiplier. these extended bands help identify potential take-profit levels, signaling when the price may have reached an overextended state.
gradient calculation:
the script computes a gradient based on the deviation of the price from its basis and normalizes it over a lookback period. this normalized gradient is smoothed to reflect volatility intensity and used to color the cloud dynamically.
signal generation:
buy and sell signals are generated based on crossovers of the trend variable. for instance, when the trend shifts from negative to positive, it signals a bullish opportunity. conversely, a shift from positive to negative indicates bearish conditions.
take-profit markers ("x") are plotted when the price crosses the extended bands, suggesting potential exit points.
trade entry tracking:
the script includes a table to display real-time entry signals and prices for long (buy) or short (sell) trades. this feature helps traders keep track of signals without needing to reference the chart visually.
customizable inputs:
users can adjust the bb period, multiplier, and colors to suit their trading preferences. this flexibility allows for tuning the indicator based on different market conditions or asset classes.
overall, the indicator blends traditional bollinger bands with innovative visualization, trend identification, and trading signals to enhance decision-making.
how to use this indicator
trend detection:
watch for arrows indicating trend shifts:
an upward arrow (green) signals a bullish trend; consider buying or entering a long position.
a downward arrow (red) signals a bearish trend; consider selling or entering a short position.
use the gradient-colored cloud to assess trend strength:
bright and strong colors indicate significant momentum.
fading colors suggest weakening trends or consolidation.
entry signals:
refer to the table in the top-right corner of the chart for real-time buy or sell entry signals.
when a "buy" signal is displayed with the price, it suggests a potential entry point for a long trade.
when a "sell" signal is displayed, consider shorting or exiting long positions.
take-profit signals:
look for the "x" markers near the extended bands (upper1 and lower1):
an "x" above the price suggests taking profit on long positions.
an "x" below the price suggests taking profit on short positions.
background gradient analysis:
observe the dynamic background color:
a strong purple gradient indicates significant price movement or volatility.
a lighter gradient suggests reduced momentum, signaling caution or a potential reversal.
alerts for automation:
set alerts using the predefined conditions:
bullish trend start, bearish trend start, and take-profit levels can be used to automate notifications for trade actions.
why to use this indicator
enhanced decision-making:
the adaptive cloud and gradient provide visual insights into trend strength and volatility, allowing traders to assess market conditions at a glance.
precise signals:
the indicator uses crossover logic and extended bollinger bands to generate clear buy, sell, and take-profit signals, reducing guesswork.
trend confirmation:
combining the bollinger bands with the trend variable ensures that traders only act on confirmed market trends rather than noise.
dynamic volatility assessment:
the normalized gradient calculation highlights periods of high or low volatility, helping traders adjust their strategies accordingly.
customizable settings:
adjustable parameters (period, multiplier, colors) allow the indicator to fit various markets, timeframes, and trading styles.
all-in-one tool:
integrates trend detection, entry signals, and take-profit levels into a single indicator, minimizing the need for multiple tools.
this indicator is especially useful for traders seeking a balance between simplicity and precision, whether scalping, day trading, or swing trading. it not only identifies trends but also highlights actionable entry and exit points, making it a versatile addition to any trading strategy.
BBPCT For Loop | viResearchBBPCT For Loop | viResearch
Conceptual Foundation and Innovation
The "BBPCT For Loop" script is designed to combine Bollinger Bands with a percentage calculation to identify market trends and mean reversion opportunities. Bollinger Bands Percentage (BBPCT) evaluates where the current price stands between the upper and lower bands of Bollinger Bands, providing a more dynamic view of price extremes. This script incorporates a loop-based scoring mechanism that further refines the analysis, giving traders a clearer indication of potential trend shifts or reversion zones.
By incorporating both the BBPCT and a for-loop system, this indicator enhances the ability to spot overbought or oversold conditions, helping traders make more informed decisions based on market momentum.
Technical Composition and Calculation
The "BBPCT For Loop" script uses Bollinger Bands to establish dynamic upper and lower boundaries around price, calculated using standard deviation. Here’s how the core components are structured:
Bollinger Bands Percentage (BBPCT): BBPCT calculates the position of the price relative to the upper and lower Bollinger Bands. This creates a percentage range from 0% to 100%, with values near 0% indicating proximity to the lower band (potentially oversold) and values near 100% signaling closeness to the upper band (potentially overbought).
For-Loop Scoring System: The script employs a loop that iterates over a range of values. For each value, it evaluates whether the BBPCT is above or below a threshold, adjusting the score accordingly. This scoring mechanism helps detect when price action is shifting toward a bullish or bearish trend.
Mean Reversion Zones: The script defines specific "green" and "red" zones based on the BBPCT value. These zones visually highlight potential mean reversion areas where price may reverse direction.
Features and User Inputs
This script offers a variety of customizable inputs that allow traders to fine-tune it for different market conditions:
BBPCT Length: Controls the lookback period for calculating the Bollinger Bands. Adjusting this period affects how reactive the indicator is to price changes.
Standard Deviation Multiplier: This input adjusts the width of the Bollinger Bands, influencing the sensitivity of the BBPCT calculation.
Thresholds: The script includes user-defined thresholds for detecting uptrends and downtrends based on the BBPCT score. Traders can adjust these thresholds to make the indicator more or less sensitive to market shifts.
Bar Coloring: The script optionally colors bars based on detected trends, providing a visual cue for potential bullish or bearish conditions.
Alerts: Alerts are triggered when the BBPCT crosses above or below the user-defined thresholds, notifying traders of potential long or short opportunities.
Practical Applications
The "BBPCT For Loop" script is ideal for traders who employ mean reversion or trend-following strategies. Its application can be particularly effective in:
Spotting Overbought and Oversold Conditions: The BBPCT provides a dynamic measure of where the price is within the Bollinger Bands, helping to detect when the market is approaching an extreme, signaling potential reversion opportunities.
Confirming Trend Shifts: The for-loop scoring mechanism offers a more detailed analysis of whether the market is entering an uptrend or downtrend, helping traders to time their entries or exits more effectively.
Mean Reversion Trading: The inclusion of green and red zones helps highlight areas where the price may be more likely to revert to the mean, providing valuable insight for mean reversion traders.
Advantages and Strategic Value
This script enhances the traditional Bollinger Bands indicator by introducing a loop-based scoring system and mean reversion zones. These additions make the indicator more versatile and adaptable to various trading styles. By dynamically adjusting to market conditions, the BBPCT For Loop helps reduce the risk of false signals and improves the accuracy of identifying overbought or oversold conditions.
Summary and Usage Tips
The "BBPCT For Loop" script is a powerful tool that combines the flexibility of Bollinger Bands with a robust scoring system. Traders can use it to identify overbought or oversold conditions, confirm trend shifts, and improve the timing of trades. Adjust the Bollinger Bands length and standard deviation multiplier based on the asset you're trading to get the best results.
Remember to test the script across different market conditions and timeframes to understand how it performs. Backtests are essential for gauging its effectiveness, but keep in mind that past performance does not guarantee future results.
Bollinger Bands Fast Trend Indicator [DCD]Description:
The Bollinger Bands Fast Trend Detector indicator is an advanced tool designed to provide traders with more precise trend detection and clearer entry and exit signals. This script builds upon the traditional Bollinger Bands indicator by adding customizable standard deviations and incorporating multiple moving averages to enhance the accuracy of the signals.
Main Features:
1. **Customizable Bollinger Bands**:
- Each Bollinger Band has its own standard deviation setting, allowing for more granular control and better trend detection.
- The short Bollinger Band is set to a 10-period SMA for faster trend recognition.
2. **Multiple Moving Averages**:
- The indicator includes several types of moving averages (SMA, EMA, LSMA, HMA, WMA) applied to the Bollinger Trend value, giving traders flexibility to choose the best fit for their strategy.
3. **Crossover and Crossdown Detection**:
- The script identifies crossover and crossdown points between the Bollinger Trend value and the selected moving average, marking potential buy and sell signals with green and red circles, respectively.
4. **Color-Coded Histogram**:
- The histogram bars are color-coded to indicate the strength and direction of the trend, making it easy to visualize market conditions at a glance.
Instructions:
1. **Adding the Script to Your Chart**:
- Open your TradingView chart and add the Bollinger Bands Fast Trend Detector indicator.
2. **Adjusting Parameters**:
- Customize the Bollinger Bands and moving average settings according to your trading preferences:
- `Short BB Length` (default: 10): Adjusts the length of the short Bollinger Band.
- `Long BB Length` (default: 50): Adjusts the length of the long Bollinger Band.
- `StdDev` (for both bands): Sets the standard deviation multiplier.
- `Moving Average Type`: Choose between SMA, EMA, LSMA, HMA, and WMA.
- `Moving Average Length` (default: 14): Sets the length of the moving average.
3. **Interpreting the Output**:
- Observe the BBTrend and moving average plots on your chart.
- Look for green circles indicating crossover points (potential buy signals) and red circles indicating crossdown points (potential sell signals).
- Use the color-coded histogram bars to assess the strength and direction of the trend.
Configurable Parameters:
- `shortLengthInput` (default: 10): Length of the short Bollinger Band.
- `longLengthInput` (default: 50): Length of the long Bollinger Band.
- `shortDevMultInput` (default: 1.0): Standard deviation multiplier for the short Bollinger Band.
- `longDevMultInput` (default: 2.0): Standard deviation multiplier for the long Bollinger Band.
- `maTypeInput` (default: SMA): Type of moving average (options: SMA, EMA, LSMA, HMA, WMA).
- `maLengthInput` (default: 14): Length of the moving average.
Code Explanation:
The script calculates two sets of Bollinger Bands with distinct lengths and standard deviations. The difference between the lower bands and upper bands is normalized by the short middle band to compute the BBTrend value. A selected moving average is then applied to this BBTrend value. The script plots the BBTrend, the moving average, and uses color-coded histogram bars to represent trend strength and direction. It also identifies and marks crossover and crossdown points to provide potential trading signals.
Disclaimer:
This script is for educational purposes only and should not be considered financial advice. Always perform your own analysis before making any trading decisions.
find bulish patternsIn this script:
We continue to calculate the bullish engulfing condition for monthly candlesticks (engulfingConditionM) as before.
We then create two variables (engulfingConditionY and lastYear) to calculate the yearly engulfing condition.
We use an if statement to check if the year has changed compared to the previous bar. If it has, we update the engulfingConditionY variable; otherwise, we keep the previous year's value.
Finally, we plot the monthly and yearly signals on the chart.
This code allows you to work with monthly data and calculate yearly signals based on the monthly data available in TradingView. Please note that this is an approximation and not true yearly resolution data, but it's a common workaround used in TradingView Pine Script.
Adaptive Channel BreakoutIntroducing the "Adaptive Channel Breakout" indicator, an advanced charting tool that employs the acb function from the PeacefulIndicators library. This powerful indicator helps traders detect potential breakouts and trends by displaying an adaptive channel on the chart.
Key features of the Adaptive Channel Breakout indicator include:
Customizable input parameters: Adjust the moving average length, volatility length, and multiplier to suit your trading preferences and strategy.
Utilizes the acb function from the PeacefulIndicators library, which calculates the adaptive channel using a simple moving average (SMA) and standard deviation to measure volatility. The function also tracks the trend direction based on price crossovers and crossunders.
Clear visual representation: The adaptive channel is displayed as a linebr plot, with the color indicating the current trend direction (green for uptrends and red for downtrends).
Trend signals: The indicator includes up and down arrow labels that signify potential trend reversals, providing traders with valuable entry and exit points.
Overlay functionality: Designed to be displayed directly on the price chart for easy analysis and correlation with price action.
To use the Adaptive Channel Breakout indicator, simply add the script to your chart and customize the input parameters as needed.
Average Deviation Bands (ADB)The Average Deviation Bands indicator is a technical analysis tool that plots multiple bands around the average price of an asset. These bands are calculated using the standard deviation of the asset's price over a specified time period, as well as the average price of the asset over the same period. However, it's important to note that the standard deviation is only calculated for the specified time period leading up to the current point in the data set. The indicator then takes the average of all of these standard deviation values to plot the bands. The number and width of the bands can be customized by the user. The bands can be used to identify potential trend changes and to assess the volatility of the asset. The indicator is often used in combination with other technical analysis tools to provide a more complete picture of market conditions.
Bolinger Band AnalysisBollinger Band Analysis
Objective - Use for entry action filter
Description - Bollinger Band Analysis Indicator is the introduction of value between basis moving average with standard deviation value
Applications - The principle of Bollinger Band Analysis Indicator is to use it as an order action filter when the value of the Bollinger Band under moving average by itself.
Recommendation - Bollinger Band Analysis should be used in conjunction with indicators used to filter trend. for example supertrend, parabolic sar
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