PROTECTED SOURCE SCRIPT
Cuban's Reversion Bands
There are quite a few band indicators out there, ATR, VWAP, Bollinger, Fib, etc. however, I could never find anything that could scale accurately during periods of high volatility. That brought me to writing this indicator.
These bands use my Volume-Weighted Anchored Trend (VWAT) for the basis and highlight the standard deviation that you might expect high probability reversals to occur from.
I use these bands in my own trading system. The default settings are quite effective but you're able to modify the std multiplier within the settings as you see fit.
Generally, I would only play reversals during a ranging environment, however even if the market is trending, these bands will assist in spotting a weakening trend.
An ideal trend reversal would be a wick into the outer band, followed shortly by a weaker sweep of the previous move and wicking the inner band.
Hopefully you'll find this useful in your trading!
These bands use my Volume-Weighted Anchored Trend (VWAT) for the basis and highlight the standard deviation that you might expect high probability reversals to occur from.
I use these bands in my own trading system. The default settings are quite effective but you're able to modify the std multiplier within the settings as you see fit.
Generally, I would only play reversals during a ranging environment, however even if the market is trending, these bands will assist in spotting a weakening trend.
An ideal trend reversal would be a wick into the outer band, followed shortly by a weaker sweep of the previous move and wicking the inner band.
Hopefully you'll find this useful in your trading!
Script protegido
Este script é publicado como de código fechado e você pode usá-lo livremente. Você pode favoritá-lo para utilizá-lo em um gráfico. Você não pode visualizar ou modificar seu código fonte.
Quer usar esse script no gráfico?
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.