OPEN-SOURCE SCRIPT

Crypto Bands with Tools

Aktualisiert
This indicator has 3 bands

1. Upper Band
2. Middle Band
3. Lower Band

Snapshot



1. Upper Band
Average of Moving Average of the Close (add Standard Deviations) and Highest price reached in the prior period

2. Middle Band

Average of upper and middle bands. And middle band also has BUY-SELL function. If middle band is blue you can BUY and if the middle band colored red you can SELL

3. Lower Band
Average of Moving Average of the Close(subtract Standard Deviations) and Lowest price reached in the prior period

Upper and Lower bands can be used for BUY&SELL strategy.

You can buy when price touches the lower band

You can sell when price touches the upper band

Snapshot

Indicator can work with long and short positions aswell
Snapshot

As you can see when price touches the lower band you can be LONG
and when the price touches the upper band you can be SHORT



When stock prices continually touch the upper DMR Band, the prices are thought to be overbought; conversely, when they continually touch the lower band, prices are thought to be oversold, triggering a buy signal. When using DMR Bands, designate the upper and lower bands as price targets.

indicator has ichimoku and some moving averages for checking the support and resistances.

Versionshinweise
Changed middle bands color codes.
Versionshinweise
Bug Fixes
Versionshinweise
Color Changes
Moving Averages

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

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