Zigzag CloudThis is Bollinger Band built on top of Zigzags instead of regular price + something more.
Indicator presents 7 lines and cloud around it. This can be used to visualize how low or high price is with respect to its past movement.
Middle line is moving average of last N zigzag pivots
Lines adjacent to moving average are also moving averages. But, they are made of only pivot highs and pivot lows. Means, line above moving average is pivot high moving average and line below moving average is pivot low moving average.
Lines after pivot high/low moving averages are upper and lower bolllinger bands based on Moving Average Line with 2 standard deviation difference.
Outermost lines are bollinger band top of Moving average pivot high and bollinger band bottom of moving average pivot low.
Bandas de Bollinger (BB)
BB-Pivots-GANN-Levels-stockInshotHello everyone,
With help of open source WD gann codes, i combined this study with Bollinger band with entry & exit conditions.
For stock Selection you way chose fixed stock list .
These levels has been derived from daily WD GANN Astro Levels.
=== Rules ===
Long Entry Condition : Price must be above resistance line with Bollinger band blast will be the best entry . You may take the target with the help of this study.
Stop loss can be same candle low
Short Entry Condition : Price must be below support line with Bollinger band blast will be the best entry . You may take the target with the help of this study.
Stop loss can be same candle High
Please calculate the Risk Reward with the Future Target Price & Stop loss levels.
No Trading Zone Rules -
If price is in middle of support & Resistance .one way avoid such trades as it has been observed ,That most of the time stock goes sideways.
===Rules End ===
study has been kept open source for the understanding the concept.
Do your own Research with this study for better understanding with your trading style
Bollinger bands volume support&resistance multi timeframe [LM]Hello traders,
I would like to introduce you Bollinger bands volume support&resistance multi timeframe script. The benchmark is the Upper Bollinger Band applied on volume with a look-back setting of 233 and a displacement of 3 standard deviations.
(There’s nothing magical about the setting of 233, but you should use a long-term parameter so that you get a stable Bollinger Band. Short-term parameters tend to produce erratic bands.)
If a price bar shows volume that exceeds this benchmark, we will zoom in and use it as potential support or resistance area in our price analysis. if there is only one candle that will crossover and cross under than only high and lo of that candle is counting. If there are more consecutive bars that are above upper bollinger band than the range high and lo is calculated from high and lows of that candle
As you can see on the image high and low is only rendered when volume crossover and cross under bollinger bands
I hope you will enjoy it
Heatmapped Bollinger BandsBollinger Bands have been used for many years to determine the volatility and potential reversal area of markets. This script takes standard Bollinger Bands (BB) and transforms it into a heatmap of reversal areas.
A basic explanation on how this indicator works is:
- Yellow is where the price likes to stay,
- Orange is where the price might begin to reverse in a weak trend, and
- Red is where the price will either pause to let the yellow range catch up, or where the price will jump back down into the yellow range to stabilize.
For educational purposes: this script is essentially just taking the standard method of creating Bollinger Bands (seen in the 'Main Lines' portion of the script), coloring the plots 'na' so that they aren't seen, and using the 'fill' function to plot the yellow to red rainbow up to the top. I believe I made the yellow range 0.2*stdev to 1*stdev, the orange range 1*stdev to 2*stdev, and the red range 2*stdev to 3*stdev. You can get the hex code rainbow from any website that has a color slider.
** Disclaimer: THIS IS NOT TRADING ADVICE. Bollinger Bands should be used in conjunction with other indicators to make better decisions but NO STRATEGY IS PERFECT. Always backtest any strategy before using it live. **
Bollinger Bands + Moving Average (BBMA Oma Ally)Found this strategy in babypips forums.babypips.com
This strategy using BB and MA
BBMA Oma Ally Trading Technique
I’m just sharing this Forex Technique that helping me making positive result.
In BBMA, BB (Bollinger Bands) act as Dynamic Support and Resistance.
SETTING OF BBMA - BOLLINGER BANDS
Period : 20
Deviations : 2
Shift : 0
Apply to : Close
Style : Dodge Blue
MA (Moving Average) are used to detect potential entry point.
SETTING OF BBMA - MOVING AVERAGE
Ma5 Hi
Period : 5
Ma Method : Linear Weighted
Apply to : High
Style : Red
Ma10 Hi
Period : 10
Ma Method : Linear Weighted
Apply to : High
Style : Yellow
Ma5 Low
Period : 5
Ma Method : Linear Weighted
Apply to : Low
Style : Magenta
Ma10 Low
Period : 10
Ma Method : Linear Weighted
Apply to : Low
Style : White
Ma50
Period : 50
Ma Method : Exponential
Apply to : Close
Style : Lime
.
EXTREM (SIGNAL)
Extrem is an early signal to say the Market journey is beginning to end - but not yet confirmed
Will only confirm when there is a reversal candle.
Extrem is not valid when there is a CS momentum, although Ma outside BB.
CHARACTERISTICS OF EXTREM
Ma out of Top / Low BB (will not valid if there is cs momentum, although Ma is outside BB)
Reverse candle must exist, as it indicates the journey of a Market is ending (not necessarily 1 or 2 cs)
Retest candle (entry point)
Entry at Highest or Lowest volume
Entry retest candle at Ma5 or body candle
MHV (LOSS VOLUME MARKET) (SETUP)
It is a setup for the beginning of long distance Market journey
This setup gives a validation for the Extrem signal earlier
It is to show the loss of strength for the market.
MHV is valid once CSA (direction candle) appear
***If the candle close NOT above or below Top / Low BB after the first Reentry, after MHV there is a directional candlestick, then there will be a reentry and after the reentry there is no momentum “COMPULSORY TP”
CHARACTERISTICS OF MHV :
Candle CANNOT close above or below Top / Low BB
Must have reverse candle, because reverse candle is confirming the end of the journey (Marking at candle body)
Retest candle (entry point) at Ma5 or highest volume / lowest at that current time
Must happen after Extrem
TYPES OF MHV
5 types but i can only post 1 photo. So sorry i cant give more on this.
RE-ENTRY
CHARACTERISTICS OF REENTRY
Candle close can not pass Ma5 / Ma10
It will be strong when the candle close does not pass Ma5 / Ma10 and also Mid BB
Candle close did not come in. He found Ma5 / Ma10 and mid BB at that Time would make the re-entry stronger
If there is a re-entry in Ma5 / Ma10 and mid BB, the minimum of 3 drops of candles or increments (follow TF) re-entry will be strong
Following market trend, then just search for re-entry and entry
Wait for the second candle, because the first candle validates the reentry and the second candle is for entry
Burgerized MTF BB + Reverse Engineering RSI (RERSI) + Hidden S&RThis is a mod of a script by informanerd that has helped me immensely with my trading setup.
HUGE HUGE HUGE credit to him! Check him out! He gave me permission to publish this and so here I am, sharing it with you. I hope you all like it!
This version is functionally essentially the same - the difference is in visualization choices and automation.
Instead of selecting different timeframes, and thus having to change not one but 4 timeframes manually every time you look at a different time frame on the main chart, I found (with help from the kind community in the Pine Script chat right here on Tradingview!) a method to choose multiples so that you can have consistent results no matter what timeframe you are looking at.
Default is set to multiples of 2, 4 and 8 which is the system I found works best for myself personally.
I also changed visualization - crossovers are now highlighted in the background of the respective bands. By default I have chosen different transparency levels for crossovers then sitting inside the bands. This destroyed the ability to modify colors the old school way in Style tab, but I have added inputs for all the relative settings so you can modify the visual aspect to your hearts content, as I know my colors make most people barf (something I did when I was younger maybe?).
Hope the nice barfs of color help you quickly see trends and reversals - I know they help me! Happy trading, no matter your timeframe! xD
The Chartless TraderThe Chartless Trader
The chartless trader is a trade management system designed to remove the randomness from the market. It is loosely based on the martingales betting system, but takes advantage of position sizing, minimum profit targets, dollar cost averaging, and trailing take profit.
The chart can be traded with or without a signal. There is a built in signal based on SB Master Chart's Buy the Dip algorithm.
The configurable settings include:
Account Value
Starting Account Value - This is the value of the account when you start using this system.
Current Cash - This is the amount of cash you have available to trade. This setting needs to be updated each time a trade is made.
TP/TTP Algo Settings
Take Profit % - This setting is otherwise known as minimum profit target. This algo will not advise you to sell or increase your trailing stop until this minimum profit target is met.
Trailing Stop % - This is the trailing stop. The default setting is 75%. As a basic example, if the stock is up 10%, the trailing stop would be set to 7.5% (10% * 75%). The algo may override and advise an alternative trailing stop should an overbought condition be detected.
DCA/BTD Algo
DCA/BTD Algo Time Frame - Default is 120 (2hrs). This algo looks for oversold periods on the 2h chart by default.
DCA % - The default for this setting is 5%. This is a trigger for the BTD Algo. The BTD algo will start looking for trades when the stock is 5% below your cost basis. This is to help you average down making it easier to turn a profit when the stock starts making gains.
Position #
The Chartless Trader supports a maximum of 20 symbols. This is a limitation of the security() function as a maximum of 40 calls are allowed and the script calls the security() function twice per symbol.
S# QTY - The number of open positions of the symbol. This has to be manually updated by the user after each buy/sell of the stock.
S# CB - This is the cost basis of the stock. Your broker should give you this after each buy/sell and it has to be updated here on the chart after each buy/sell.
S# TTP - The script will advise you to increase your Trailing Take Profit in your broker when its necessary. This should be updated manually after you update your order in your broker. This should be configured manually in your broker as a Stop Order.
Now that I have covered the configurable options, its important to understand the basis of this system. The martingales betting system is a system that seeks to double its position size each time you enter a losing trade. Eventually when you make a winning trade, it will be enough to cover the previous losses and net you one winning position.
Bet 1, lose 1, down 1.
Bet 2, lose 2, down 3.
Bet 4, lose 4, down 7.
Bet 8, lost 8, down 15.
Bet 16, win 16, up 1.
So the theory goes, if you have deep enough pockets, its a 100% win rate. Such a system is flawed and proven to cause an account to blow up given enough time. You can search Google/YouTube for others that have back tested the martingales system with stocks.
I advise that "The Chartless Trading" system be traded with a similar system, but instead of doubling your position, you simply increase your position size by 1%.
Bet 1%, lose 1%, down 1%
Bet 1%, lose 1%, down 2%
Bet 1%, lose 1%, down 3%.
In such a manner, your risk of ruin is significantly reduced. Lets say you lose 10 times in a row betting on a stock. You now have 10% of your account value in this particular stock. Because you only invested at times where you were more than 5% down and when an oversold position occurred, because of dollar cost averaging and buying during oversold periods, you may only be down 2-3% on your invested value. Eventually when the stock turns positive, you will have met your minimum profit target and the script will alert you to set a trailing stop. You log into your broker, set a stop loss and wait for it to either trigger or inform you to increase it again. Once the trailing stop is triggered, you deleverage the position by closing it and starting a single new position in either the same stock or a different one and the cycle repeats.
The key is to follow the stock down, follow it back up, and not back down. We repeat this cycle with many positions in many stocks to minimize risk and compound our balance sheet.
This is " The Chartless Trader ".
1920x1080p Monitor Required if using all 20 symbols.
The more symbols loaded, the longer the initial processing to load the table. Please be patient.
HYE Combo Market [Indicator] (Vwap Mean Reversion+Trend Hunter)Indicator version of the strategy:
* Alerts added.
TIPS AND WARNINGS
1-) The standard settings of this combo script is designed and tested with daily timeframe. For lower timeframes, you should change the indicator settings and find the best value for yourself.
2-) Only the mean vwap line is displayed on the graph. For a detailed view, you can delete the "//" marks from the plot codes in the script code.
3-) This is an indicator for educational and experimental purposes. It cannot be considered as investment advice. You should be careful and make your own risk assessment when opening real market trades using this indicator.
HYE Combo Market [Strategy] (Vwap Mean Reversion + Trend Hunter)In this strategy, I used a combination of trend hunter and vwap mean reversion strategies that I published before.
Trend Hunter Strategy:
Mean Reversion Vwap Strategy:
The results are quite impressive, especially for bitcoin.
While the hodl return for bitcoin was 13419%, the strategy's return in the same period was about 5 times (65000%) of this.
s3.tradingview.com
In this combo strategy, I made some changes to the original settings of the strategies used together and added some more new features.
Trend Hunter Strategy Settings: (Original / Combo)
- Slow Tenkansen Period : 9 / 9
- Slow Kijunsen Period : 26 / 13
- Fast Tenkansen Period : 5 / 3
- Fast Kijunsen Period : 13 / 7
- BB Length : 20 / 20
- BB Stdev : 2 / 2
- TSV Length : 13 / 20
- TSV Ema Length : 7 / 7
* I also added a "vidya moving average" to be used as a confirmation tool to open a long position. (Candle close must be above the vidya line.)
Vwap Mean Reversion Strategy Settings: (Original / Combo)
- Small Vwap : 2 / 8
- Big Vwap : 5 / 10
- Percent Below to Buy : 3 / 2
- RSI Period : 2 / 2
- RSI Ema Period : 5 / 5
- Maximum RSI Level for Buy : 30
* I also added a "mean vwap line" to be used for exits in this part of the strategy. In the original version, when small vwap crossovers big vwap, we close the position, but in this strategy we will wait for the close above the mean vwap.
TIPS AND WARNINGS
1-) The standard settings of this combo strategy is designed and tested with daily timeframe. For lower timeframes, you should change the strategy settings and find the best value for yourself.
2-) Only the mean vwap line is displayed on the graph. For a detailed view, you can delete the "//" marks from the plot codes in the strategy code.
3-) This is a strategy for educational and experimental purposes. It cannot be considered as investment advice. You should be careful and make your own risk assessment when opening real market trades using this strategy.
________________________________________________________
Bu stratejide, daha önce yayınladığım trend avcısı ve vwap ortalamaya geri dönüş stratejilerinin bir kombinasyonunu kullandım.
Sonuçlar özellikle bitcoin için oldukça etkileyici.
Bitcoin için hodl getirisi %13419 iken, stratejinin aynı dönemdeki getirisi bunun yaklaşık 5 katı (%65000) idi.
Bu kombo stratejide, birlikte kullanılan stratejilerin orijinal ayarlarında bazı değişiklikler yaptım ve bazı yeni özellikler ekledim.
Trend Avcısı Strateji Ayarları: (Orijinal / Combo)
- Yavaş Tenkansen Periyodu : 9 / 9
- Yavaş Kijunsen Periyodu : 26 / 13
- Hızlı Tenkansen Periyodu : 5 / 3
- Hızlı Kijunsen Periyodu : 13 / 7
- BB Uzunluğu : 20 / 20
- BB Standart Sapması : 2 / 2
- TSV Uzunluğu : 13 / 20
- TSV Ema Uzunluğu : 7 / 7
* Ayrıca long pozisyon açmak için onay aracı olarak kullanılmak üzere "vidya hareketli ortalama" ekledim. (Mum kapanışı vidya çizgisinin üzerinde olmalıdır.)
Vwap Ortalamaya Dönüş Stratejisi Ayarları: (Orijinal / Combo)
- Küçük Vwap : 2 / 8
- Büyük Vwap : 5 / 10
- Alış İçin Gerekli Fark Oranı : 3 / 2
- RSI Periyodu : 2 / 2
- RSI Ema Periyodu: 5 / 5
- Alış için gerekli maksimum RSI seviyesi : 30
* Stratejinin bu bölümünde pozisyondan çıkışlar için kullanılacak bir "ortalama vwap çizgisi" de ekledim. Orijinal versiyonda, küçük vwap, büyük vwap'ı yukarı kestiğinde pozisyonu kapatıyoruz, ancak bu stratejide, ortalama vwap'ın üzerindeki kapanışı bekleyeceğiz.
İPUÇLARI VE UYARILAR
1-) Bu birleşik stratejinin standart ayarları, günlük zaman dilimi ile tasarlanmış ve test edilmiştir. Daha düşük zaman dilimleri için strateji ayarlarını değiştirmeli ve kendiniz için en iyi değeri bulmalısınız.
2-) Grafikte sadece ortalama vwap çizgisi görüntülenir. Ayrıntılı bir görünüm için strateji kodundaki "plot" ile başlayan satırlarda grafikte görünmesini istediğiniz özelliğin önündeki "//" işaretlerini silebilirsiniz.
3-) Eğitim ve deneysel amaçlı bir stratejidir. Yatırım tavsiyesi olarak değerlendirilemez. Bu stratejiyi kullanarak gerçek piyasa işlem açarken dikkatli olmalı ve kendi risk değerlendirmenizi yapmalısınız.
Compare Crypto Bollinger Bands//This is not financial advice, I am not a financial advisor.
//What are volatility tokens?
//Volatility tokens are ERC-20 tokens that aim to track the implied volatility of crypto markets.
//Volatility tokens get their exposure to an asset’s implied volatility using FTX MOVE contracts.
//There are currently two volatility tokens: BVOL and IBVOL.
//BVOL targets tracking the daily returns of being 1x long the implied volatility of BTC
//IBVOL targets tracking the daily returns of being 1x short the implied volatility of BTC.
/////////////////////////////////////////////////////////////////
CAN USE ON ANY CRYPTO CHART AS BINANCE:BTCUSD is still the most dominant crypto, positive volatility for BTC is positive for all.
/////////////////////////////////////////////////////////////////
//The Code.
//The blue line (ChartLine) is the current chart plotted on in Bollinger
//The red line (BVOLLine) plots the implied volatility of BTC
//The green line (IBVOLLine) plot the inverse implied volatility of BTC
//The orange line (TOTALLine) plots how well the crypto market is performing on the Bolling scale. The higher the number the better.
//There are 2 horizontal lines, 0.40 at the bottom & 0.60 at the top
/////////To Buy
//1. The blue line (ChartLine) must be higher than the green line (IBVOLLine)
//2. The green line (IBVOLLine) must be higher than the red line (BVOLLine)
//3. The red line (BVOLLine) must be less than 0.40 // This also acts as a trendsetter
//4. The orange line (TOTALLine) MUST be greater than the red line. This means that the crypto market is positive.
//5.IF THE BLUE LINE (ChartLine) IS GREATER THAN THE ORANGE LINE (TOTALLine) IT MEANS YOUR CRYPTO IS OUTPERFOMING THE MARKET {good for short term explosive bars}
//6. If the orange line (TOTALLine) is higher than your current chart, say BTCUSD. And BTC is going up to. It just means BTC is going up slowly. it's fine as long as they are moving in the same position.
//5. I use this on the 4hr, 1D, 1W timeframes
///////To Exit
//1.If the blue line (ChartLine) crosses under the green line (IBVOLLine) exit{ works best on 4hr,1D, 1W to avoid fakes}
//2.If the red line crosses over the green line when long. {close positions, or watch positions} It means negative volatility is wining
Moving Average Band Width [CC]The Moving Average Band Width was created by Vitali Apirine (Stocks and Commodities Aug 2021 pg 25) and this is of course an extension based on my previous Moving Average Bands script. For those of you that aren't aware, the Band Width indicator is an indicator that tells you how close the upper and lower bands are to each other which is a great determination of how volatility is increasing or decreasing. This acts as both a trend indicator and a volatility indicator. I have included strong buy and sell signals in addition to normal ones so stronger signals are darker in color and normal ones are lighter. A great buy signal is when you are in an uptrend (so the line is green already) and the indicator line is moving up which means strong underlying volatility.
Let me know if there are any other indicators or scripts you would like to see me publish!
Double Bollinger StrategyFrom "Bitcoin Trading Strategies: Algorithmic Trading Strategies For Bitcoin And Cryptocurrency That Work" by David Hanson.
*Works better with 1hr time frame and some input optimisations.
"Double Bollinger Band Scalping System
Recommended Timeframe: 1 minute or 5 minute *
Required Indicators:
// - RSI with a length of 14 (default settings)
// - Bollinger band #1 settings: Length = 50, stDev = 1 Hide the basis/middle line (basis line not needed for this strategy)
Note: This is the slower bollinger band in the directions
// - Bollinger band #2 settings: Length 20, stDev = 1 Hide the basis/middle line (basis line not needed for this strategy)
Note: This is the faster bollinger band in the directions
Enter Long/Buy Trade When:
// - RSI is above the level 50
// - A candle closes above the top of the faster bollinger band
Enter a long when a candle then closes above the top of the slower bollinger band, and price is above the top of both bands
Place a stop loss under the low of the entry candle Example of a long trade using this strategy
Exit Long Trade When: A candle closes below the top band of the fast bollinger band
Enter Short/Sell Trade When:
// - RSI is below the level 50
// - A candle closes below the bottom of the faster bollinger band
Enter a short when a candle then closes below the bottom of the slower bollinger band, and price is below both bands
Place a stop loss above the high of the entry candle Example of a short trade using this strategy
Exit Short Trade When: Price closes inside the bottom of the faster bollinger band"
CCI BBThis indicator is the idea of giorno_4_16 .
It shows some indicator lines in your main chart as following:
SMA300, EMA200
BB 20 1,2,3sigma and middle
BB 300 1,2,3sigma and middle
You should put CCI (12, 14) into your separated chart to use the idea.
It shows arrows for registance trading when:
CCI(12) crossovers -200 or corssunders 200 in recent 6bars,
and the price crosses indicator line of SMA200, EMA200 and BB300 1,2,3sigma.
When CCI crossovers -200, you can condisider buying.
When CCI crossunders 200, you can condisider selling.
You should use this indicator in 1H or 4H.
When an arrow appears in 1H, change timeframe to 4H and check the slope of BB20.
If the slope is gentle, take-profit target is MA20 of 1H.
If the slope is steep(ex. CCI crossovers -200 and 4H BB20 go up steeply), take-profit target is BB20 2sigma of 1H.
2 Length Bollinger BandsThis indicator is a two length Bollinger Band implementation. It uses the Simple Moving Average, and adjusts to the period you are looking at: e.g. if you are looking at the day chart, periods are in days. If you are looking at the 5 minute chart, periods are within 5 minute increments.
The foregrounded set of bands is based on the 20 length SMA. So, in the case of the day chart, the successive bands from the middle are 1, 2, 2.5, and 3 standard deviations from the midline (which is a dotted orange line). The upper 2.5 and 3 stddev band is orange and red respectively. When the price gets up into these regions it could indicate a potential sell or short opportunity. The lower 2.5 and 3 stddev bands are colored with lime and green,when the price goes into these regions it indicates a potential buy opportunity.
The backgrounded set of bands is based on the 50 length SMA. So, in the case of the day chart, the successive bands from the middle are 1, 2, 2.5, and 3 standard deviations from the midline (which is a dotted purple line). It is intentionally more transparent so as to be seen as a slower background trend, so that the foreground bands (based on the 20 length SMA) can be interpreted within a developing context based on consideration of the slower period.
There are many other things to consider with Bollinger Bands, such as the 'squeeze' when the bands get narrow, which is often followed by a 'squeeze' up or down. It is best to consider BBs alongside other indicators (leading & lagging) and with consideration of volume in order to confirm or invalidate your thesis before making a trade.
RSI+ChannelbandsThis Indicator displays a normal RSI with overbought/-sold lines which is calculated with donchian channels, pivot channel, bollinger bands and three horizontal lines.
You can averaged the channels, bands and h-lines in any combination or you can use just one of them for calculating the overbought/-sold lines.
The midline is colored in default settings in yellow for upptrending and blue for downtrending.
Bollinger Bands + ADX Strategy// This strategy uses Bollinger Bands to buy when the price
// crosses over the lower band and sell when it crosses down
// the upper band. It only takes trades when the ADX is
// below a certain level, and exits all trades when it's above it.
(FireflyTA) COG AverageCOG Average
COG stands for Center of Gravity. This indicator is an average of multiple COGs based on different sets of timeframes. To get the single COGs this average is based on, use the Market Flow COG (Overlay) indicator.
COG Average is primarily a support and resistance indicator. It can also be used to identify trend and trend changes as well imminent breakouts.
----------------------
About "Center of Gravity"
The COG is an entity that is pulling price back to it frequently (this is why it is called Center of Gravity ) as the law of mean reversion dictates. Mean reversion can be loosely broken up into mean reversion on multiple timeframes, and the COGs are included for ULT (ultra low, 15-60m), L (low, 1h-4h), M (medium, 6h-12H) and H (higher, 1D+) timeframes. As this entity is a new development in TA there is still a lack of scientific evidence that it is reliable. However, if you look at the charts, you will notice that price action will respect this entity and circle around it on the appropriate timeframes most of the time.
The COG is similar to a Bollinger Band , it is using volatility as its main component. However, COGs are aggregated entities looking at more timeframes at the same time, so besides the Time X Volatility perspective that is provided by Bollinger Bands , this entity adds a third dimension by looking at multiple timeframes. The COG is the mean of all the BBs that are included in the calculation, which can be a large number. This makes a COG a meta-analytic entity that is more sensitive to market price action.
The COG helps you in identifying how far and for how long price has been overextended to one side beyond the means. In theory, the probabilities increase dramatically to see a mean reversion to the COG. Watching price interacting with the COG should make clear that the correlations are significant, however there might be differences based on the markets used. The COGs have primarily been tested with the BTCUSD market and for crypto in general.
A way to trade based on COGs is to look for weakness (if price is above the COG) or strength (if price is below the COG) in price action while it is approaching S&R. If signs of accumulation or distribution arise, and the distance to the COG is meaningful (as well as being maintained for a few candles), it can provide additional backing for your long/short scalping and swing trading ideas. I'd recommend to always use the COG in combination with your knowledge on price action.
By using all COGs at the same time for ULTF, LTF , MTF and HTF you can get a feeling for where price is in the context overall market flow.
----------------------
Deviation Bands
The Deviation Bands are fib-based deviations of the COG. When this module is enabled, the deviation bands are plotted around the COG. The deviations can be adjusted manually as well by changing the values in the indicator UI. The main purpose of these bands is to identify the structure of price movements in relation to the COG distance, i.e. analyzing how long price can maintain levels in an area >X or <Y away from the COG. They give also a certain tolerance to the fast reacting S&R zone.
----------------------
How to Use
First of all, the COG Average and the zone around it based on the deviation bands can be traded like any other S&R. It makes sense to read into price action in addition to using this indicator. Don't rely on the indicator alone. If you see weakness in price action while price is getting rejected at the COG Average (below), it could be a possible shorting / profittaking spot.
All COGs act as mean reversion entities, so in strong trends we can expect price to visit the COGs (and also the COG Average) once in a while. It might be worth looking for trade entries at the COG Average range after a strong correction for bounce.
You can find in-depth tutorials on how to use this indicator by browsing the links and resources in my signature.
BBT‴ | Bollinger Band Trend Zone‴What does it do?
Makes available to you the BB (Bollinger Bands) in a colored format and provies signal on the right side bar according to a Short, Mid or Long period.
If the candles are going out of the Bands too often, then use the Extended Bollinger Band atributes available to create an extra band around the original ones.
How does it work?
The BB drawing is the exact same as the ordinary one. The big deal here is that the BB shade can be represented by a Short, Mid or Long MA period (7, 20 or 55 period), that you want it to be presented in the shade, which is the same as the MA lines you regularly use. When the MA goes down you have a given color and when the MA goes up you have another given color. This way you don't need to keep looking the MA lines, just perceive the current shade color.
What's my filling?
Makes the quick perception very easy, just look to the chart.
Indicator attributes:
- BB shade color acording to trend
- BB band line colors acording to trend
- right side bar signals color acording to trend
- BB shade can be darker, just drop the box and choose the darker version of it
- Extended Bollinger Band to create an extra band around the original ones
To have access to this indicator, please DM me.
Don't contact me in the comment area.
Best Bollinger BandsRemoving the Simple Moving Average and replacing it with the Hull Moving Average (HMA) in the Bollinger Bands (BB), you can not only predict support, resistance, and price movement, but you can also leverage the value of the BB in evaluating when price is over extended in an up and/or down trend.
[KL] Relative Volume StrategyThis strategy will Long when:
Confirmation #1: when volume is relatively high
Confirmation #2: during periods of price consolidation (See )
It exits when either (a) stop loss limit is reached, or when (b) price actions suggest trend is bearish.
Measuring price volatility to assume consolidation:
For each candlestick, we quantify price volatility by referring to the value of standard deviations (2x) of closing prices over a look-back period of 20 candles. This is exactly what the Bollinger Band (“BOLL”) indicates by default.
Knowing the value of standard deviation (2x) of prices (aka the width of lower/upper BOLL bands), we then compare it with ATR (x2) over a user-defined length (can be configured in settings). Volatility is considered to be low, relatively, when the standard deviation (x2) of prices is less than ATR (2x).
DinhChienFX Elliot targets 1.1We need to make things better and to solve the struggles of traders conquering this ventures capital arena.
I present my new Elliot targets script.
Anyone learning the Elliot wave is very difficult and difficult to understand.
I would like to take a few parts of the Elliot wave theory that is how to calculate the retracement area
and price levels according to the Fibonacci ratio of the Elliot wave. A Then combine the basic indicators Bollinger Band, MACD-H and RSI
to predict the future of the market. And try to automate the above.
The idea in the Elliot targets scenario is to combine:
+ Oscillators indicator (Rsi - Relative Strength Index)
+ Center Oscillators indicator (MACD - Moving Average convergence Divergence)
+ Volatility indicator (BB - Bollinger Band).
There are some option in the script, let see:
- Bollinger Band: calculates trend with signal combination from Bollinger Band indicator.
- RSI: calculates trend with signal combination from RSI.
- MACD: Main indicator of Elliot targets script, with option Histogram highest or lowest
in a week, a month, quarter, year depending on timeframe H1, H4 or Daily... I will show with pictures following photo.
- Label: Option to display the price notice board:
1 - Main bulletins board (default: off): showing all prices at Fibonacci levels (38.2, 50, 61.8, 161.8, 200, 261.8).
2 - Separate bulletin board for 2 trends (up - down): current price at Fibonacci levels (38.2, 50, 61.8, 161.8, 200, 261.8).
- Generate Alerts: 1. Uptrend triggered. 2. Downtrend activated.
Here are a few examples of how the editor uses the above indicators to predict goals:
- The signal is with only MACD:
- The signals combine MACD and Bollinger Band:
- The signals combine MACD and RSI:
- The signals combine MACD + Bollinger band + RSI:
* The label shows:
- Main label is at Uptrend:
- Main label is at Downtrend:
- The separate labels is at Uptrend:
- The separate labels is at Downtrend:
TopTenAlgo 10. SQZMOM Algorithmic Strategy with Alerts & SignalsEN: This Algorithm is a derivative of John Carter's "TTM Squeeze" volatility indicator. Many strategists have taken the indicator on Tradingview with simple moving averages and have looked at the biggest mistake only by dealing with squeeze and exit processes to squeeze. But I used the algorithm to determine where the markets would actually explode. For example, instead of using SMAs , I tested them on the Linear Regression Curve using Volume Weighted Moving Averages and Hull MAs. This gave me the opportunity to develop a more responsive algorithm and identify where the actual explosion would occur. The Gray Circles in the midline show that the market is entering a new jam (in the Bollinger Bands and Keltner Channel). This means low volatility , the market prepares itself for an explosive move (up or down). White Circles mean that it is about to get out of the jam. The Blue Circles, which no one can calculate, now inform that the exit is no longer jammed and that the explosion has taken place.
Mr. Carter recommends that you wait until the first gray after a gray cross and take a position in the momentum direction (for example, if the momentum value is above zero, relax). Exit position when the momentum changes (increase or decrease, this is indicated by a color change). In this algorithm, I tried to achieve good entry points using an additional indicator such as ADX and WaveTrend. To draw the histogram, I used a different method based on Linear Regression . Mr.Carter uses a simple momentum indicator. Strategy, alarms and signals have been added to the indicator so that you can optimize in algorithmic trading.
In summary, this algorithm is a strict algorithm in which additional 4-5 indicators are blended. Conveniences for Everyone ...
TR: Bu Algoritma John Carter'ın "TTM Squeeze" volatilite göstergesinin bir türevidir. Bir çok stratejist Tradingview' de gösterge' yi basit hareketli ortalamalarla ele almış ve en büyük hatayı sadece sıkışma ve sıkışmadan çıkış süreçlerini ele alarak bakmışlardır. Fakat ben algoritmayı piyasaların asıl patlama yapacağı yeri tespit etmek için kullandım. Örneğin SMA' ları kullanmak yerine Hacim Ağırlıklı Hareketli Ortalamaları ve Hull MA' ları kullanarak onları Linerar Regresyon Eğrisinde stress testine tabi tuttum. Buda bana daha duyarlı bir algoritma geliştirmem ve asıl patlamanın olacağı yerleri tespit etmem için fırsat verdi. Orta hattaki Gri Daireler, piyasanın yeni bir sıkışmaya girdiğini gösteriyor ( Bollinger Bantları ve Keltner Kanalı'nda). Bu, düşük volatilite anlamına gelir, piyasa kendisini patlayıcı bir harekete hazırlar (yukarı veya aşağı). Beyaz Daireler ise sıkışmadan çıkmak üzere olduğu anlamına gelir. Hiç kimsenin hesap edemediği Mavi Daireler ise artık sıkışmadan çıkıldığını ve patlamanın gerçekleştiğini haber verir.
Mr.Carter, gri bir çarpı işaretinden sonra ilk griye kadar beklemenizi ve momentum yönünde bir pozisyon almanızı önerir (örneğin, momentum değeri sıfırın üstünde ise, rahat olun). Momentum değiştiğinde pozisyondan çıkın (artırma veya azaltma, bunu o bir renk değişikliği ile belirtilir). Bu algoritmada ben, ADX ve WaveTrend gibi ek bir gösterge kullanarak iyi giriş noktalarıelde etmeye çalıştım. Histogramı çizmek için ise Linear Regresyon tabanlı farklı bir yöntem kullandım. Mr.Carter basit bir momentum göstergesi kullanır. Göstergeye algoritmik işlemlerde optimizasyon yapabilmeniz için strateji, alrmlar ve sinyaller eklenmiştir.
Özetle bu algoritma ek 4-5 göstergenin harmanlandığı sıkı bir algoritmadır. Herkese Kolaylıklar dilerim...
[jav] Mountain Oscillator
Introducing the Mountain Oscillator. Why not trading while admiring the scenery?
The main oscillator line is the black silhouette of the mountains, and each element of the landscape can be seen as a support or resistance - even the mountains far in the horizon, the misty band in the middle and the -1, 0 and 1 lines. (Well, almost every element... the sun is just for fun).
Equalling the heights of the mountains that are far away, or reaching the snow zone, are possible signs of an uptrend ending. On the other hand, stepping into a river is a clear sign of a reversal to the upside soon.
Strong uptrends are evidenced by significant portions of the mountain above the misty zone and/or the 0 line.
By default, the sky turns red/blue/dark gray depending on the trading hours. This option can be unchecked.
Calculations and usage :
The script is based on a modified version of Bollinger Bands. Bandwidth is calculated quite differently from the usual Bollinger indicator (not with the built-in stdev function). There is no need to input a multiplier factor, such as that used in BB - the script calculates it from 'Length' using a custom formula.
The 3 user inputs 'Length' ares recommended to be kept at 200, 100 and 50 period. In that way, the misty area in the landscape corresponds to price crossing EMAs of 50 and 100, and the zero line to EMA 200.
The different colors of the mountain and the horizon represent the Bollinger Bands corresponding to the mentioned periods of 50 and 100, whereas limits of -1 and +1 are those from the 'Length' parameter.
You will find that my coding skills are rudimentary, so any comment/suggestion to improve the script is welcome.
Credits
@everget for the 'Fancy Shapes' script which was used as a reference to draw the sun.