UCS_Value Bands
This Indicator is yet another variation of KC. Inspired from Value Charts webinar. I have seen their videos on youtube. What appears to be a variation of KC.
They use 12 bands Showing the zone, and different MA for different timeframes.
You can get this indicator close to accuracy by changing the inputs (ATR) and (Deviations)
This also can be used with the triple ATR setup - Change the values to EMA to desired value. To obtain the First band to plot @ 1, Change the Band deviation to 0.25.
Also can be used as as the Acceleration Band. With Current Settings, the Third Band will plot the Acceleration band.
List of All my Indicators - www.tradingview.com/p/stocks/?sort=recen...
Lycka Till
They use 12 bands Showing the zone, and different MA for different timeframes.
You can get this indicator close to accuracy by changing the inputs (ATR) and (Deviations)
This also can be used with the triple ATR setup - Change the values to EMA to desired value. To obtain the First band to plot @ 1, Change the Band deviation to 0.25.
Also can be used as as the Acceleration Band. With Current Settings, the Third Band will plot the Acceleration band.
List of All my Indicators - www.tradingview.com/p/stocks/?sort=recen...
Lycka Till
Uday C Santhakumar
// Created by UCSgears // This is a variation to what value charts uses. // I have not seen their indicator code, But This is my interpretation, After all its just an indicator. study(title="UCS_Value Band", shorttitle="VB_UCS", overlay=true) source = close length = input(21, minval=1, title = "EMA Length") atrlen = input(5, minval=1, title = "ATR Length") atrlen2 = round(atrlen*1.5) atrlen3 = atrlen*2 mult = input(0.2, minval=0.1, title = "Band Deviation") ma = sma(source, length) range = tr rangema1 = ema(range, atrlen) rangema2 = ema(range, atrlen2) rangema3 = ema(range, atrlen3) up1 = ma + rangema1 * mult*1 up2 = ma + rangema1 * mult*2 up3 = ma + rangema1 * mult*3 up4 = ma + rangema1 * mult*4 up5 = ma + rangema2 * mult*5 up6 = ma + rangema2 * mult*6 up7 = ma + rangema2 * mult*7 up8 = ma + rangema2 * mult*8 up9 = ma + rangema3 * mult*9 up10 = ma + rangema3 * mult*10 up11 = ma + rangema3* mult*11 up12 = ma + rangema3 * mult*12 dn1 = ma - rangema1 * mult*1 dn2 = ma - rangema1 * mult*2 dn3 = ma - rangema1 * mult*3 dn4 = ma - rangema1 * mult*4 dn5 = ma - rangema2 * mult*5 dn6 = ma - rangema2 * mult*6 dn7 = ma - rangema2 * mult*7 dn8 = ma - rangema2 * mult*8 dn9 = ma - rangema3 * mult*9 dn10 = ma - rangema3 * mult*10 dn11 = ma - rangema3* mult*11 dn12 = ma - rangema3 * mult*12 plot(ma, color=aqua, title="Basis") color1 = green color2 = yellow color3 = red //plot(up1, color = color1) //plot(up2, color = color1) //plot(up3, color = color1) u4 = plot(up4, color = color1, title="Fair Value Upper") //plot(up5, color = color2) //plot(up6, color = color2) //plot(up7, color = color2) u8 = plot(up8, color = color2, title="High Value Upper") //plot(up9, color = color3) //plot(up10, color = color3) //plot(up11, color = color3) u12 = plot(up12, color = color3, title="Extreme Value Upper") //plot(dn1, color = color1) //plot(dn2, color = color1) //plot(dn3, color = color1) d4 = plot(dn4, color = color1, title="Fair Value Lower") //plot(dn5, color = color2) //plot(dn6, color = color2) //plot(dn7, color = color2) d8 = plot(dn8, color = color2, title="High Value Lower") //plot(dn9, color = color3) //plot(dn10, color = color3) //plot(dn11, color = color3) d12 = plot(dn12, color = color3, title="Extreme Value Lower") fill (u4,d4,green) fill (u4,u8, yellow) fill (d4,d8, yellow) fill (u8,u12, red) fill (d8,d12, red)