BINANCE:BTCUSDT * * * TESTED ON BTCUSDT 4H CHART * * * The indicator gives signals based on possible ENTRY/EXIT zones (calculated using an ema ribbon of the BBW) and BB%B oversold/overbought conditions, also a 200 EMA filter is used to trade following the major trend. ENTRY/EXIT zones can be used as a confirmation on other strategies (green zones suggest a...
The existing Bollinger Bands simply used price to derive the standard deviation. In other words, whether an asset goes up or down by $50 from $100, it counts at the same "50$". But in the asset market, an increase of $50 and a fall of $50 have different values. To eliminate this difference using a logarithmic function, a new Bollinger Band was created. Green...
This indicator created to identify the strong Support and Resistance levels based on the Bollinger Bands. When two different time frame Bollinger Bands are travelling together then its a strong Support or Resistance Levels. I have added 5 Min, 15 Min, 30 Min, 1 Hr and 1 Day time frame Bollinger Bands in one Chart. You can select and combine whichever the TF you...
█ OVERVIEW This is a Bollinger band Script, with Keltner Channel Bands and for scalping. █ CONCEPTS 1 — Bollinger Bands, The Bollinger band component is make out from two part, the standard component represented by a white cloud. This is the 2nd deviation and 3rd deviation filled. The second part linear weight This is the 2nd...
BINANCE:BTCUSDT * * * TESTED ON BTCUSDT 4H CHART * * * The indicator gives signals based on candles touching BB lines and RSI oversold/overbought conditions, also a 200 EMA filter is used to trade following the major trend. Only LONG signals are given. Signals are divided in 3 categories based on their strenght: - Weak BUY/SELL (green/red circles on chart) ...
Zero-Lag MTF PSAR MACD with Bollinger Bands v1.0 This is an experimental indicator that captures PSAR movements on seven different timeframes in order to improve trend detection on the daily timeframe. The seven PSARs are averaged and then fed into a zero-lag MACD function where the average of the PSARs is the source for the slow moving average and the daily...
This case study is based on a previous Bollinger Bands study, but with only one counts and a performance chart. The use of this indicator is restricted to private use and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by any type...
BBI (Bull and Bear Index) is an indicator aims on measuring the general short/mid-term (< 1 month) trend and sentiment of the stock/market. It used an average of 4 SMAs (3, 6, 12, 24) as a cut-off of a bullish/bearish trend. In general, YMMV, you can enter when close> BBI and exit when close<BBI. BBI Bollinger Bands uses BBI as "basis" and calculates variations...
This indicator is based on a combination of the famous Bollinger Bands and the Stochastic RSI indicator. Bands are dynamically colored (and filled) with a RGB color composed by red and green values, directly generated from the average Stochastic RSI current value. By default, colors represent the following status -> green zone is overgought & red zone is...
This case study is based on a previous Bollinger Bands study, but with 3 different counts to compare different trends. The use of this indicator is restricted to private use and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by...
This triple Bollinger script is very useful for options traders to determine the trend condition. When the trend stays within 1 sigma limits it is termed as "congestion", breakout of congestion starts the "trending" phase and the big breakout termed "Blowout" happens when the underlying crosses the 2sigma and reaches 3 sigma limits in very short time at steep...
This is a fairly simple adjustment of the Bollinger Bands highlighting and giving the character to the Asian session.
A simple chart-based strategy, which capitalizes on trend change. Based on Azeez Mustapha's article featured in Stocks & Commodities Oct 2021 issue. This indicator consists of three tools: a simple moving average (SMA), price envelopes, and Bollinger Bands. Please note that this strategy only works in trending markets. What is a trending market? A trending...
This script is created to demonstrate usage of enhanced ta library which is present here : Following custom indicators are populated in this script: ma (Select moving average) atr/atrpercent (With custom moving average) bands - Bollinger Band, Keltner Channel, Donchian Channel (All with enhanced versions and additional options) bandwidth - Bandwidth...
This is a powerful tool if combined with other parameters. It's an advanced version of an RSI . It shows OB and OS conditions and price direction or shift of the trend. This indicator can be used in various ways with all markets. The current settings are designed to work with futures market. Combined with our TSI and Price action, RSI OBLIVION is the most...
Thank you @Lazybear for the calculations for squeeze and BB, and all of the other great pine-coders who inspired me to create my own indicator to share! This is the result of hours of work learning to code pine and tweaking until everything fits exactly what I was looking for. After using it for a while and seeing the benefits personally, I figured now might be a...
Better Bollinger Bands (BBB) This script is a modification of classic Bollinger Bands (BB). CHARACTERISTICS Main improvement over BB: There is no need to introduce a standard deviation multiplier (usually 2). Here, only a length is needed (usually 20 bars for BB). Other features: The type of moving average can be selected: sma, ema, vwma, wma or...
Japanese below / 日本語説明は下記 Bollinger bands with customizable expansion signals What’s new in this indicator? This indicator allows users to customize Bollinger bands expansion signal with the conditions below. 1. Target bands Which bands should be considered as expansion when price crossing? Available options are plus/minus 1-3 σ. 2. Price Which price...