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[blackcat] L2 Center Band BollingerLevel: 2 Background Bollinger bands are a type of price envelope developed by John Bollinger , where price envelopes define upper and lower price ranges. Bollinger Bands are envelopes that are represented with a standard deviation above and below a simple moving average of price. Because the spacing of the bands is based on the standard deviation, they adjust for fluctuations in the volatility of the underlying price. Function L2 Center Band Bollinger takes advantage of Bollinger band to detect sideways and trends. At the same time, I made an improvement and the center Bollinger line as a fast-slow-line color band. The algorithm of the color center band is composed of price and volume information, which produces gold cross and dead cross for short term long and short entries. Key Signal aa10 --> bollinger middle fast line aa12 --> bollinger middle slow line up --> upper envelope dn --> lower envelope Pros and Cons Pros: 1. it can easy see the sections of trends or sideways by width of Bollinger band 2. long and short entries are disclosed Cons: 1. Some noise is still incorporated in trends 2. due to this is un-optimized version, time frame and trading pairs need to be selected 3. Bollinger re-entry signal is not disclosed yet Remarks The long and short signal is compatible to @nilux strategy backtest framework for sandardized backtest scheme: Backtest Readme In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts. The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works. Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element. Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level. Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated. Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop. Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Penunjuk Pine Script®
oleh blackcat1402
2
Bollinger Bands Filter Bollinger Bands is a classic indicator that uses a simple moving average of 20 periods, along with plots of upper and lower bands that are 2 standard deviations away from the basis line. These bands help visualize price volatility and trend based on where the price is, in relation to the bands. Bollinger Bands filter plots a long signal when price closes above the upper band and plots a short signal when price closes below the lower band. It doesn't take into account any other parameters such as Volume/RSI/ Fundamentals etc, so user must use discretion based on confirmations from another indicator or based on fundamentals. The filter works great when the price closes above/below upper/lower bands with continuation on next bar. It is definitely useful to have this filter along with other indicators to get early glimpse of breach/fail of bands on candle close during BB squeeze or based on volatility. This can be used on Heikin Ashi candles for spotting trends, but HA candles are not recommended for trade entries as they don't reflect true price of the asset. This filter's default is 55 SMA and 1 standard deviation, but these can be changed from settings. It is definitely worth reading the 22 rules of Bollinger Bands written by John Bollinger. ================================================================== Note: 1. Alerts can be created for long and short signals using "Once per bar close". 2. The indicator doesn't repaint. ==================================================================
Penunjuk Pine Script®
oleh TradeChartist
16
Colored Directional Movement and Bollinger Band's Cloud by DGTThis study combines Bollinger Bands, one of the most popular technical analysis indicators on the market, and Directional Movement (DMI), which is another quite valuable technical analysis indicator. Bollinger Bands used in conjunction with Directional Movement (DMI) may help getting a better understanding of the ever changing landscape of the market and perform more advanced technical analysis Here are details of the concept applied 1- Plots Bollinger Band’s (BB) Cloud colored based on Bollinger Band Width (BBW) Indicator’s value Definition Bollinger Bands (created by John Bollinger ) are a way to measure volatility . As volatility increases, the wider the bands become and similarly as volatility decreases, the gap between bands narrows Bollinger Bands, in widely used approach, consist of a band of three lines. Likewise common usage In this study a band of five lines is implemented The line in the middle is a Simple Moving Average (SMA) set to a period of 20 bars (the most popular usage). The SMA then serves as a base for the Upper and Lower Bands. The Upper and Lower Bands are used as a way to measure volatility by observing the relationship between the Bands and price. the Upper and Lower Bands in this study are set to two and three standard deviations (widely used form is only two standard deviations) away from the SMA (The Middle Line), hence there are two Upper Bands and two Lower Bands. The background between two Upper Bands is filled with a green color and the background between two Lower Bands is filled with a red color. In this we have obtained Bollinger Band’s (BB) Clouds (Upper Cloud and Lower Cloud) Additionally the intensity of the color of the background is calculated with Bollinger Bands Width ( BBW ), which is a technical analysis indicator derived from the standard Bollinger Bands indicator. Bollinger Bands Width, quantitatively measures the width between the Upper and Lower Bands. In this study the intensity of the color of the background is increased if BBW value is greater than %25 What to look for Price Actions : Prices are almost always within the bands especially at this study the bands of three standard deviations away from the SMA. Price touching or breaking the BB Clouds could be considered as buying or selling opportunity. However this is not always the case, there are exceptions such as Walking the Bands. “Walking the Bands” can occur in either a strong uptrend or a strong downtrend. During a strong trend, there may be repeated instances of price touching or breaking through the BB Clouds. Each time that this occurs, it is not a signal, it is a result of the overall strength of the move. In this study in order to get a better understanding of the trend and add ability to perform some advanced technical analysis Directional Movement Indicator (DMI) is added to be used in conjunction with Bollinger Bands. Cycling Between Expansion and Contraction : One of the most well-known theories in regards to Bollinger Bands is that volatility typically fluctuates between periods of expansion (Bands Widening : surge in volatility and price breaks through the BB Cloud) and contraction (Bands Narrowing : low volatility and price is moving relatively sideways). Using Bollinger Bands in conjunction with Bollinger Bands Width may help identifying beginning of a new directional trend which can result in some nice buying or selling signals. Of course the trader should always use caution 2- Plots Colored Directional Movement Line Definition Directional Movement (DMI) (created by J. Welles Wilder ) is actually a collection of three separate indicators combined into one. Directional Movement consists of the Average Directional Index (ADX) , Plus Directional Indicator (+D I) and Minus Directional Indicator (-D I) . ADX's purposes is to define whether or not there is a trend present. It does not take direction into account at all. The other two indicators (+DI and -DI) are used to compliment the ADX. They serve the purpose of determining trend direction. By combining all three, a technical analyst has a way of determining and measuring a trend's strength as well as its direction. This study combines all three lines in a single colored shapes series plotted on the top of the price chart indicating the trend strength with different colors and its direction with triangle up and down shapes. What to look for Trend Strength : Analyzing trend strength is the most basic use for the DMI. Wilder believed that a DMI reading above 25 indicated a strong trend, while a reading below 20 indicated a weak or non-existent trend Crosses : DI Crossovers are the significant trading signal generated by the DMI With this study A Strong Trend is assumed when ADX >= 25 Bullish Trend is defined as (+D I > -DI ) and (ADX >= 25), which is plotted as green triangle up shape on top of the price chart Bearish Trend is defined as (+D I < -DI ) and (ADX >= 25), which is plotted as red triangle down shape on top of the price chart Week Trend is assumed when 17< ADX < 25, which is plotted as black triangles up or down shape, depending on +DI-DI values, on top of the price chart Non-Existent Trend is assumed when ADX < 17, which is plotted as yellow triangles up or down shape, depending on +DI-DI values, on top of the price chart Additionally intensity of the colors used in all cases above are defined by comparing ADX’s current value with its previous value Summary of the Study: Even more simplified and visually enhanced DMI drawing comparing to its classical usage (may require a bit practice to get used to it) As said previously, to get a better understanding of the trend and add ability to perform some advanced technical analysis Directional Movement Indicator (DMI) is used in conjunction with Bollinger Bands. PS: Analysis and tests are performed with high volatile Cryptocurrency Market Source of References : definitions provided herein are gathered from TradingView’s knowledgebase/library Disclaimer: The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd tradingview user liable for any possible claim for damages arising from any decision you make based on use of the script
Penunjuk Pine Script®
oleh dgtrd
19
6xMa_ichimoku_MTF_Boll_SuperTrend V2 update [PlungerMen]hello! This script very funny :)) This Script version update , I made for a friend named Huu Trung You can add to it This script have 3 ema , 3 wma , bollingerBand super Trend, Ichimokhu, mtf ma In settings there is a section to turn off what you do not like Hope you enjoy this version 6x MA in one Chart You can change color, hide Ma if you want Ichimoku Clound MTF indicator Boolinger band and Super trend pro have you like!
Penunjuk Pine Script®
oleh luongson107
Trend Pullback Reversal TPRThe TPR(Trend Pullback Reversal) indicator forms a possible price trend with support and resistance lines. It also comes with a unqiue band and center line as additional features. TPR works on all timeframes and all symbols and all type of bar chart. TPR never repaints. There are 4 Parameters: Period: umber of bars used for calculations Factor: Multiplier factor, small number for short trend, large number for long trend Source: the input series, default is Close ShowBand: enable to show band and center line Most trend indicators have similar plot, the difference is where and when they change the direction. Unlike other trend indicators, TPR will focus on main trend and filter out most minor price movements. The green cross-line represents an uptrend, the red cross-line represents a downtrend. The additional band and center line may look like bollinger band, but the TPR band algorithm is completely different from bollingerband. There is no standard deviation in TPR band calculation.
Penunjuk Pine Script®
oleh Patternsmart
52
RSI Bands, RSI %B and RSI BandwidthRSI bands provide an intuitive way of visualizing how the price movement causes RSI to move with in its range (0-100). Upper/Lower bands signify overbought and oversold levels respectively (Default: 70/30, you can customize them via options page). These bands closely match what Constance Brown explains in her book "Technical Analysis for the Trading Professional". I have also coded up 2 scripts to visualize %B and Bandwidth, just as in BollingerBands. As you can see %B is equivalent to the actual RSI. Along with RSI_Bandwidth and %B, the bands convey a lot of information. Another tip is to render Bollinger Bands along with RSIBands...endless possibilities :) I have included all 3 scripts in the same chart, as they are all related. Since TradingView doesn't allow sharing more than one script in the same chart, you can only "Add script" RSI Bands. If you want to use RSI %B and Bandwidth, follow this guide to "Make mine" this chart and get access to the source: drive.google.com For the complete list of my indicators, check this post:
Penunjuk Pine Script®
oleh LazyBear
38
Indicators: Traders Dynamic Index, HLCTrends and Trix Ribbon1) Trix Ribbon =============================================================== This was built on request. Many Stock/FX traders overlay multiple Trix lines to form the ribbon, this indicator makes it easy. Also, optionally this can plot a BollingerBand on Trix_1. More info on Trix: stockcharts.com 2) High/Low/Close Trend Indicator =============================================================== Simple indicator using EMAs of H/L/C. If blue line is above the red line, the trend is up, else down. Keep an eye on the zero line too. 3) Traders Dynamic Index =============================================================== This hybrid indicator helps to decipher and monitor market conditions related to trend direction, market strength, and market volatility. TDI has the following components: * Green line = RSI Price line * Red line = Trade Signal line * Blue lines = Volatility Bands * Orange line = Market Base Line Trend Direction - Immediate and Overall: ---------------------------------------------------- * Immediate = Green over Red...price action is moving up. Red over Green...price action is moving down. * Overall = Orange line trends up and down generally between the lines 32 & 68. Watch for Orange line to bounces off these lines for market reversal. Trade long when price is above the Orange line, and trade short when price is below. Market Strength & Volatility - Immediate and Overall: ---------------------------------------------------- * Immediate = Green Line - Strong = Steep slope up or down. Weak = Moderate to Flat slope. * Overall = Blue Lines - When expanding, market is strong and trending. When constricting, market is weak and in a range. When the Blue lines are extremely tight in a narrow range, expect an economic announcement or other market condition to spike the market. Entry conditions: ---------------------------------------------------- * Scalping - Long = Green over Red, Short = Red over Green * Active - Long = Green over Red & Orange lines Short = Red over Green & Orange lines * Moderate - Long = Green over Red, Orange, & 50 lines Short= Red over Green, Green below Orange & 50 line Exit conditions: ---------------------------------------------------- If Green crosses either Blue lines, consider exiting when the Green line crosses back over the Blue line. * Long = Green crosses below Red * Short = Green crosses above Red More info on a complete system using TDI: www.forexmt4.com
Penunjuk Pine Script®
oleh LazyBear
27
FibAlgo® - Adaptive Deviation Channels™FibAlgo® - Adaptive Deviation Channels™ OVERVIEW This indicator creates dynamic, statistically-driven support and resistance channels around a central Moving Average (MA). Instead of using fixed multipliers like Bollinger Bands, this tool builds a statistical model by analyzing how far past market peaks (Pivot Highs) and troughs (Pivot Lows) have deviated from the central average. The result is continuously adapting channels that define "extreme" price zones based on the market's current volatility and behavioral character. This offers a more reactive and data-driven approach compared to standard channel indicators. CONCEPTS The indicator's logic is based on three fundamental steps: 1. Core Analysis: Pivots and MA Deviation: The heart of the indicator is measuring how far the price moves away from its central mean. First, it calculates a Moving Average (SMA, EMA, etc.) to represent the market's "centerline" or "mean value." Next, it uses a ZigZag algorithm to identify significant market turning points (Pivot Highs - PH and Pivot Lows - PL). At each identified pivot point, it calculates the percentage difference between the pivot's price and the Moving Average's value at that same moment, recording this "deviation" data. This process is repeated for hundreds of past pivots to create a rich statistical dataset. 2. Statistical Band Calculation: The width of the channels depends on how this collected deviation data is interpreted. The indicator offers you three different statistical models: Average: The bands are placed according to the average deviation percentage of past pivots. This method shows where the market has typically reversed. Standard Deviation: The bands use the statistical standard deviation of the deviations. This measures volatility and highlights true statistical "extremes," ideal for mean reversion strategies. Most Frequent: It finds the most commonly occurring deviation percentage from the past and draws the bands accordingly. This method can identify repetitive, behavioral "exhaustion" points that the market respects. 3. The Professional Analysis Dashboard: The panel you see on the chart provides a summary of the indicator's "brain." From this dashboard, you can monitor the number of pivots included in the analysis (Sample Size), the average deviation distance for resistance and support zones, and the current percentage being used for the band width in real-time. This provides full transparency into the data behind the calculations. FEATURES Statistical and Dynamic Channels: Smart channels based on historical price behavior, not fixed multipliers, that continuously adapt to the market's character. Multiple Calculation Methods: Three different band calculation methods (Average, Standard Deviation, Most Frequent) allow you to choose the statistical model that best fits your strategy. Comprehensive MA Support: Full compatibility with 10 different Moving Average types, including SMA, EMA, WMA, HMA, and VWMA. Advanced Analysis Dashboard: A professional information panel that provides a live summary of all statistical data used in the calculations (sample size, average deviation, band width, etc.). Built-in Strategy Alerts: Integrated, customizable alerts for moments when the price breaks above/below the upper or lower channels. Fully Customizable: Complete control over pivot detection sensitivity (PH/PL Period), the number of historical pivots to analyze (Historical Pivots), and all visual elements. USAGE This indicator can be used for both mean reversion and breakout strategies. Mean Reversion Strategy: Sell Signal: Wait for the price to touch or enter the Upper Band (Resistance Zone). Then, look for signs of a downward reversal (e.g., a reversal candle pattern) to target a return to the central Moving Average. Buy Signal: Wait for the price to touch or enter the Lower Band (Support Zone). Then, look for signs of an upward bounce to target a return to the central Moving Average. Breakout Strategy: Bullish Signal: A strong, decisive candle close above the Upper Band can signal the start of a powerful bullish trend. Bearish Signal: A strong, decisive candle close below the Lower Band can signal the start of a powerful bearish trend. Tip: Before applying any strategy, check the "Sample Size" on the Analysis Dashboard. Calculations based on a sufficient number of pivots (typically 30+) produce more reliable results.
Penunjuk Pine Script®
oleh FibAlgo
1
Multi-Timeframe Bollinger BandsMy hope is to optimize the settings for this indicator and reintroduce it as a "strategy" with suggested position entry and exit points shown in the price pane. I’ve been having good results setting the “Bollinger Band MA Length” in the Input tab to between 5 and 10. You can use the standard 20 period, but your results will not be as granular. This indicator has proven very good at finding local tops and bottoms by combining data from multiple timeframes. Use timeframes that are lower than the timeframe you are viewing in your price pane. Be cognizant that the indicator, like other oscillators, does occasionally produce divergences at tops and bottoms. Any feedback is appreciated. Overview This indicator is an oscillator that measures the normalized position of the price relative to Bollinger Bands across multiple timeframes. It takes the price's position within the Bollinger Bands (calculated on different timeframes) and averages those positions to create a single value that oscillates between 0 and 1. This value is then plotted as the oscillator, with reference lines and colored regions to help interpret the price's relative strength or weakness. How It Works Bollinger Band Calculation: The indicator uses a custom function f_getBBPosition() to calculate the position of the price within Bollinger Bands for a given timeframe. Price Position Normalization: For each timeframe, the function normalizes the price's position between the upper and lower Bollinger Bands. It calculates three positions based on the high, low, and close prices of the requested timeframe: pos_high = (High - Lower Band) / (Upper Band - Lower Band) pos_low = (Low - Lower Band) / (Upper Band - Lower Band) pos_close = (Close - Lower Band) / (Upper Band - Lower Band) If the upper band is not greater than the lower band or if the data is invalid (e.g., na), it defaults to 0.5 (the midline). The average of these three positions (avg_pos) represents the normalized position for that timeframe, ranging from 0 (at the lower band) to 1 (at the upper band). Multi-Timeframe Averaging: The indicator fetches Bollinger Band data from four customizable timeframes (default: 30min, 60min, 240min, daily) using request.security() with lookahead=barmerge.lookahead_on to get the latest available data. It calculates the normalized position (pos1, pos2, pos3, pos4) for each timeframe using f_getBBPosition(). These four positions are then averaged to produce the final avg_position:avg_position = (pos1 + pos2 + pos3 + pos4) / 4 This average is the oscillator value, which is plotted and typically oscillates between 0 and 1. Moving Averages: Two optional moving averages (MA1 and MA2) of the avg_position can be enabled, calculated using simple moving averages (ta.sma) with customizable lengths (default: 5 and 10). These can be potentially used for MA crossover strategies. What Is Being Averaged? The oscillator (avg_position) is the average of the normalized price positions within the Bollinger Bands across the four selected timeframes. Specifically:It averages the avg_pos values (pos1, pos2, pos3, pos4) calculated for each timeframe. Each avg_pos is itself an average of the normalized positions of the high, low, and close prices relative to the Bollinger Bands for that timeframe. This multi-timeframe averaging smooths out short-term fluctuations and provides a broader perspective on the price's position within the volatility bands. Interpretation 0.0 The price is at or below the lower Bollinger Band across all timeframes (indicating potential oversold conditions). 0.15: A customizable level (green band) which can be used for exiting short positions or entering long positions. 0.5: The midline, where the price is at the average of the Bollinger Bands (neutral zone). 0.85: A customizable level (orange band) which can be used for exiting long positions or entering short positions. 1.0: The price is at or above the upper Bollinger Band across all timeframes (indicating potential overbought conditions). The colored regions and moving averages (if enabled) help identify trends or crossovers for trading signals. Example If the 30min timeframe shows the close at the upper band (position = 1.0), the 60min at the midline (position = 0.5), the 240min at the lower band (position = 0.0), and the daily at the upper band (position = 1.0), the avg_position would be:(1.0 + 0.5 + 0.0 + 1.0) / 4 = 0.625 This value (0.625) would plot in the orange region (between 0.85 and 0.5), suggesting the price is relatively strong but not at an extreme. Notes The use of lookahead=barmerge.lookahead_on ensures the indicator uses the latest available data, making it more real-time, though its effectiveness depends on the chart timeframe and TradingView's data feed. The indicator’s sensitivity can be adjusted by changing bb_length ("Bollinger Band MA Length" in the Input tab), bb_mult ("Bollinger Band Standard Deviation," also in the Input tab), or the selected timeframes.
Penunjuk Pine Script®
oleh chicagonativeson
Advanced VWAP Multi-MA System with Bollinger Bands & Dashboard📊 Key Features: Core Functionality: * VWAP Calculation with customizable anchor periods (Session/Week/Month/Quarter/Year) * Multiple Moving Average Types (EMA, SMA, WMA, HMA, RMA, VWMA) * Three MA Lengths (Fast: 9, Medium: 21, Slow: 50) * Standard Deviation Bands with 3 levels (1σ, 2σ, 3σ) * Dynamic band multipliers (adjustable from 0.5 to 5.0) 🎨 Visual Theme System: * Theme Types: Dark, Light, Pro * Visual Styles: Quantum, Holographic, Crystalline, Plasma, Nebula * Visual Intensity Control (20-100%) * Multi-layer Harmonic Nodes with gradient effects * Energy Flow Lines based on momentum * Minimal signal dots for buy/sell conditions 📈 Holographic Dashboard: * Real-time VWAP position tracking * MA trend analysis (Bullish/Bearish/Neutral) * Band position indicator (±1σ, ±2σ, ±3σ) * Volatility percentage * Momentum direction * Current visual theme display ✨ Visual Effects: * Quantum Fields: Multi-layer boxes with dynamic transparency * Energy Flow: Momentum-based directional lines * Gradient Fills: Between bands and MAs * Borderless Design: Clean, modern appearance * Emoji Headers: Enhanced visual appeal (⚡ 🌌 📊 🔮) 🎯 Trading Signals: * Bullish Signal: Close > VWAP AND Close > Fast MA AND Fast MA > Medium MA * Bearish Signal: Close < VWAP AND Close < Fast MA AND Fast MA < Medium MA
Penunjuk Pine Script®
oleh PineProfits
Signalgo BBSignalgo BB: Technical Overview Signalgo BB is a Bollinger Bands (BB) indicator for TradingView, designed to provide a multi-dimensional view of volatility, trend, and trading opportunities within a single overlay. Below is a detailed, impartial explanation of its workings, inputs, and trading logic. Core Mechanics Signalgo BB operates on the principle of nested volatility bands and moving averages. It calculates: Fast & Slow Bands: Two sets of Bollinger Bands (BB), using different moving average types (EMA or SMA), lengths, and standard deviation multipliers. Volatility Cloud: A dynamic visual layer indicating when price is inside both, one, or neither band. Filtering: A short-term RSI is used to confirm trend direction and filter out weak signals. Inputs & Components MA Type: Choice between EMA, SMA for both fast and slow MA calculations. Fast/Slow Lengths Fast/Slow Deviations RSI Length/Thresholds Show Cloud: Toggle for the visual volatility cloud. Signal Mode: Band Break. Prevent Repeated Signals: Option to suppress duplicate signals in the same direction. TP/SL & Trailing Logic: Advanced, automated trade management with ATR-based distances, three take-profit levels, and a dynamic trailing stop. Signal Generation Band Break: Triggers when price crosses the fast BB band. RSI Filter: All signals require RSI confirmation. Prevent Repeated Signals: Optionally only marks the first breakout in a series to reduce overtrading. Entry/Exit Marks: Labels are plotted for visual clarity, and signals can trigger TradingView alerts. Trade Management Stop Loss (SL): Set at a multiple of ATR from the entry price, adapting to current volatility. Take Profits (TP1, TP2, TP3): Three levels scaled by risk-reward ratios, supporting partial exits. Trailing Stop: After the first TP is hit, SL moves to breakeven and then trails at a user-defined multiple of ATR, locking in further gains. Event Markers: Each TP, SL, and trailing stop event is labeled on the chart. Direction State: The indicator tracks active trades, allowing for only one open position per direction at a time. Cloud Visualization: The background color changes depending on whether price is inside both, one, or no bands, making it easier to visualize market conditions. Multiple Signal Logics: It doesn’t just look at breakouts, it includes cloud crossings, mean reversion, and a choice of how to combine them. Rigorous Filtering: Signals require RSI trend confirmation, reducing false entries during weak phases. Automated Trade Management: Built-in TP/SL and trailing logic, dynamically adapting to volatility. Signal Suppression: Option to prevent repeated signals, reducing noise and overtrading. Customizable MA Types: Supports EMA, SMA, and a selection algorithm for future expansion. Trading Strategy Application Volatility Regimes: The cloud’s color indicates whether price is inside, between, or outside the bands, helping traders identify trending, ranging, or breakout conditions. Signals: entries can be based on breakouts filtered by RSI trend strength. Risk Management: All active trades are managed by TP/SL logic, trailing stops after TP1, and visual feedback on exits. Visual Alerts: Both signals and TP/SL events are marked on the chart for manual review. Flexibility: Users can switch modes or suppress repeated signals as needed, depending on trading style. Practical Usage Intraday to Swing: Suitable for timeframes from minutes to days, depending on the MA periods and volatility profile. Manual or Automated: The visual overlay and alerts support both manual trading and automated strategies. Education & Review: The colored cloud and event markers make it easy to review past price action and learn from signals. What separates this indicator from traditional ones: 1. Dual Bollinger Bands Traditional: Most indicators use a single set of Bollinger Bands (two standard deviations above/below a moving average). Signalgo BB: Implements two sets of bands—a "fast" set (shorter moving average, narrower deviation) and a "slow" set (longer moving average, wider deviation). This provides both immediate (fast) and broader context (slow) for volatility and price action. 2. Volatility Cloud Visualization Traditional: Standard Bollinger Bands display as two lines, with the area between sometimes shaded as a "band" but without dynamic color changes. Signalgo BB: The background is colored differently depending on whether price is within both, one, or neither band, offering a visual "cloud" that distinguishes trending, ranging, or breakout regimes at a glance. 3. RSI Filtering Traditional: Many indicators either don’t filter signals, or if they do, it’s not always configurable. Signalgo BB: Adds an optional RSI filter, requiring signals to be confirmed by short-term RSI overbought/oversold conditions. This reduces false signals in range-bound or low-trend environments. 4. Prevention of Repeated Signals Traditional: Most indicators will keep firing signals as long as conditions are met, which can cause overtrading. Signalgo BB: Offers a user-toggleable option to suppress repeated signals in the same direction until the opposite signal occurs. This reduces noise for discretionary traders. 5. Integrated Trade Management Traditional: Manual or separate coding is required for stop-loss, take-profit, and trailing stop logic. Signalgo BB: Builds in dynamic, ATR-based stop-loss; up to three take-profit levels and a trailing stop that activates after the first TP is hit. All levels are visually plotted on the chart, and events (TP/SL hits) are labeled, aiding strategy review and automation. 6. Event Labeling and Alerts Traditional: Alerts may exist for entry/exit, but rarely for each TP/SL event. Signalgo BB: Places labels for every entry, exit, and TP/SL event. It also provides TradingView alertconditions for each event, enabling automated notifications or integration with trading bots. 7. Directional State Tracking Traditional: Indicators typically do not track the "state" of a trade (e.g., active long/short/flat) beyond simple signals. Signalgo BB: Maintains persistent variables for entry price, SL, TP, trailing stop, and trade direction, ensuring only one active signal per direction. This prevents overlapping entries and mimics realistic trade management. 8. User Customization Traditional: Default settings are often hardcoded, or customization is limited. Signalgo BB: Offers extensive user inputs for MA type and TP/SL logic—making the tool adaptable to many strategies and timeframes.
Penunjuk Pine Script®
oleh signalgo
Momentum Fusion v1Momentum Fusion v1 Overview Momentum Fusion v1 (MFusion) is a multi-oscillator indicator that combines several components to analyze market momentum and trend strength. It incorporates modified versions of classic indicators such as PVI (Positive Volume Index), NVI (Negative Volume Index), MFI (Money Flow Index), RSI, Stochastic, and Bollinger Bands Oscillator. The indicator displays a histogram that changes color based on momentum strength and includes "FUSION🔥" signal labels when extreme values are reached. Indicator Settings Parameters: EMA Length – Smoothing period for the moving average (default: 255). Smoothing Period – Internal calculation smoothing parameter (default: 15). BB Multiplier – Standard deviation multiplier for Bollinger Bands (default: 2.0). Show verde / marron / media lines – Toggles the display of auxiliary lines. Show FUSION🔥 label – Enables/disables signal labels. Indicator Components 1. PVI (Positive Volume Index) Formula: pvi := volume > volume ? nz(pvi ) + (close - close ) / close * sval : nz(pvi ) Description: PVI increases when volume rises compared to the previous bar and accounts for price percentage change. The stronger the price movement with increasing volume, the higher the PVI value. 2. NVI (Negative Volume Index) Formula: nvi := volume < volume ? nz(nvi ) + (close - close ) / close * sval : nz(nvi ) Description: NVI tracks price movements during declining volume. If the price rises on low volume, it may indicate a "stealth" trend. 3. Money Flow Index (MFI) Formula: 100 - 100 / (1 + up / dn) Description: An oscillator measuring money flow strength. Values above 80 suggest overbought conditions, while values below 20 indicate oversold conditions. 4. Stochastic Oscillator Formula: k = 100 * (close - lowest(low, length)) / (highest(high, length) - lowest(low, length)) Description: A classic stochastic oscillator showing price position relative to the selected period's range. 5. Bollinger Bands Oscillator Formula: (tprice - BB midline) / (upper BB - lower BB) * 100 Description: Indicates the price position relative to Bollinger Bands in percentage terms. Key Lines & Histogram 1. Verde (Green Line) Calculation: verde = marron + oscp (normalized PVI) Interpretation: Higher values indicate stronger bullish momentum. A FUSION🔥 signal appears when the value reaches 750+. 2. Marron (Brown Line) Calculation: marron = (RSI + MFI + Bollinger Osc + Stochastic / 3) / 2 Interpretation: A composite oscillator combining multiple indicators. Higher values suggest overbought conditions. 3. Media (Red Line) Calculation: media = EMA of marron with smoothing period Interpretation: Acts as a signal line for trend confirmation. 4. Histogram Calculation: histo = verde - marron Colors: Bright green (>100) – Strong bullish momentum. Light green (>0) – Moderate bullish momentum. Orange (<0) – Bearish momentum. Red (<-100) – Strong bearish momentum. Signals & Alerts 1. FUSION🔥 (Strong Momentum) Condition: verde >= 750 Visualization: A "FUSION🔥" label appears below the chart. Alert: Can be set to trigger notifications when the condition is met. 2. Background Aura Condition: verde > 850 Visualization: The chart background turns teal, indicating extreme momentum. Usage Recommendations FUSION🔥 Signal – Can be used as a long entry point when confirmed by other indicators. Histogram: 1. Green bars – Potential long entry. 2. Red/orange bars – Potential short entry. 3. Media & Marron Crossover – Can serve as an additional trend filter. 4. Suitable for a 5-15 minute time frame Conclusion Momentum Fusion v1 is a powerful tool for momentum analysis, combining multiple indicators into a unified system. It is suitable for: Trend traders (catching strong movements). Scalpers (identifying short-term impulses). Swing traders (filtering entry points). The indicator features customizable settings and visual signals, making it adaptable to various trading styles.
Penunjuk Pine Script®
oleh Zdorman
Dual Bollinger BandsIndicator Name: Double Bollinger Bands (2-9 & 2-20) Description: This indicator plots two sets of Bollinger Bands on a single chart for enhanced volatility and trend analysis: Fast Bands (2-9 Length) – Voilet More responsive to short-term price movements. Useful for spotting quick reversals or scalping opportunities. Slow Bands (2-20 Length) – Black Smoother, trend-following bands for longer-term context. Helps confirm broader market direction. Both bands use the standard settings (2 deviations, SMA basis) for consistency. The transparent fills improve visual clarity while keeping the chart uncluttered. Use Cases: Trend Confirmation: When both bands expand together, it signals strong momentum. Squeeze Alerts: A tight overlap suggests low volatility before potential breakouts. Multi-Timeframe Analysis: Compare short-term vs. long-term volatility in one view. How to Adjust: Modify lengths (2-9 and 2-20) in the settings. Change colors or transparency as needed. Why Use This Script? No Repainting – Uses standard Pine Script functions for reliability. Customizable – Easy to tweak for different trading styles. Clear Visuals – Color-coded bands with background fills for better readability. Ideal For: Swing traders, day traders, and volatility scalpers. Combining short-term and long-term Bollinger Band strategies.
Penunjuk Pine Script®
oleh Big_Jijaji
Double Bollinger Bands MTF and Price projectionI did this script because I wanted to project prices over future bars quickly because I am a options trader. Options: Time frame: Default is Chart Some times I prefer using 15 m with period 200 on a daily chart in a fast moving market. But you can chose what suites you BB inner deviation 1 is default When BB inner deviation=1 the outer will be 2X if its 0.5 outer will be 1 Moving Average type : Default EMA Project next bar in label Default is off This will calculate a linear projection of price of each band for the number of bars requested and print them in the label. It does not plot the future values Using: in a trending market the prices will be generally be between band1 and band 2 and other times between -band1 and +band1. The projection can assist in optimal option strategy. Also in a fast moving market I would use 10 period ema for accurate price projections and others 20
Penunjuk Pine Script®
oleh krisoz
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