The Supertrend is one of the most used indicators by traders when it comes to determining whether the market is up-trending or down-trending. This indicator is displayed as a trailing stop, showing a lower monotonic extremity during up-trends and an upper monotonic extremity during down-trends. Today we propose a channel indicator based on the Supertrend trailing...
In many strategies, it's quite common to use a scaled ATR to help define a stop-loss, and it's not uncommon to use it for take-profit targets as well. While it's possible to use the built-in ATR indicator and manually calculate the offset value, we felt this wasn't particularly intuitive or efficient, and could lead to the potential for miscalculations. And...
Modified version of VWAP : Classic VWAP with 6 levels based on the Average True Range to identify the distance and distribution of the prices around the VWAP. There are 2 calcul methodologies for the bands - Last 24 Hours Average True Range - Progressive Average True Range starting from 00:00 As prices tend to move around the VWAP level, favor LONG positions...
Description: Moving Average is a well-known though simple technical analysis tool, that can be applied in most trading journeys. By adding an envelope (a certain amount above and below the moving averages, cited from Investopedia), the indicator aligned its aim to identify the reversal area i.e. when the price reaches the envelopes, the price tends to have a...
Similarly to Bollinger bands, the RMSER gives a support and resistance areas for the trading price. Unlike bollinger bands, which use standard deviation, this support and resistance is calculated with 2 * the root mean squared error away from the moving average. This works very well with indices, like $SPX, and prices only fall outside the range during black swan...
My first strategy script that uses Bollinger Bands and Martingale to increase contract size after negative profit.
This indicator is the Mobo Bands (Momentum Breakout Bands). These bands are bollinger bands that have an adjusted standard deviation. There are Buy signals when it has momentum breakouts above the bands for moves to the upside and Sell signals when it has momentum breakouts below the bands for moves to the downside. The bands simply suggest that all markets...
original script by /u/SandroTurriate/ - I just made some small changes. Vwap + standard deviation bands. Good for reversal trading among other things. Used intraday. Very useful when price is ranging. I added the option to fill the spaces between the deviation lines with color and also the option to add some extra bands. That's about it. Color/length/style etc...
RSI bands provide an intuitive way of visualizing how the price movement causes RSI to move with in its range (0-100). Upper/Lower bands signify overbought and oversold levels respectively (Default: 70/30, you can customize them via options page). These bands closely match what Constance Brown explains in her book "Technical Analysis for the Trading Professional"....
This is an experimental study designed to forecast the range of price movement from a specified starting point using a Monte Carlo simulation. Monte Carlo experiments are a broad class of computational algorithms that utilize random sampling to derive real world numerical results. These types of algorithms have a number of applications in numerous fields of study...
The Fibonacci Bollinger Bands indicator is based on the same principles as the standard Bollinger Bands indicator developed by John Bollinger. The Fibonacci Bollinger Bands indicator bases its upper and lower bands on volatility just like the Bollinger Bands indicator does, but instead of using standard deviation as the measure of volatility, a Wilders Smoothed...
Returns a moving average allowing the user to control the amount of lag as well as the amplitude of its overshoots thanks to a parametric kernel. The indicator displays alternating extremities and aims to provide potential points where price might reverse. Due to user requests, we added the option to display the moving average as candles instead of a solid...
The CCT Bollinger Band Oscillator (CCTBO), developed by Steve Karnish of Cedar Creek Trading, reconfigures John Bollinger's classic Bollinger Bands (envelopes plotted at two Standard Deviations above and below a moving average) by drawing two parallel lines replacing the envelopes. The parallel lines represent a measurement of two Standard Deviations from the mean...
This is an experimental study designed to reverse engineer price levels from centered oscillators at user defined sample rates. This study aims to educate users on the process of oscillator reverse engineering, and to give users an alternative perspective on some of the most commonly used oscillators in the trading game. Reverse engineering price levels from an...
This is an experimental study designed to identify the underlying trend bias and volatility of an instrument over any custom interval TradingView supports. First, reset points are established at points where the opening price of the interval changes. Next, Volume Weighted Average Price (VWAP) is calculated. It is the cumulative sum of typical price times volume...
Calculated with a default value of 14 periods of EMA and 14 periods of Average True Range ( SMA ) There are 4 levels of upper bands and 4 levels of lower bands in the indicator its calculated adding and subtracting ATR( SMA ) values with coefficients 1, 1.618, 2.618 and 4.236 (Fibonacci ratios) to EMA of close prices. Top and Bottom Fibo lines are aceepted as...
Provides a volatility adapted channel with range and trend clues.
This is Keltner Channelz (KC) with Zero Lag Moving Average (ZLMA as base). It is smoother and has less lag than the original (EMA/SMA) variant. It also can be used as a trend indicator and trend confirmation indicator. The upper and lower bands are green if it is an up trend, and red if a down trend. If both have the same color it is a stronger trend.