Chauvenet RadiusThe Chauvenet criterion is a well-known criterion of selection and rejection of the data used by the Physics. It establishes that in an experiment is well to discard the data whose distance from the average is greater than a certain number of the delta.
In the stock market if prices move away from the average with a volatility too high are suspect. This principle is embodied in the Chauvenet floor with the definition of two asymptotes and two data areas rejection.
The Chauvenet Radius is the quadratic sum of the delta (distance from average) and sigmoid (volatility) and is therefore an obvious market stability index. In fact the moments when price strongly moves away from the average with high volatility coincide with the moments of high instability of the market.
It can be considered an evolution of John Bollinger method introduced during the '80.
Source: www.performancetrading.it
BB
yuthavithi BB Scalper 2 strategyIf you are searching a high win rate strategy with good profit factor ratio strategy. this one may be your choice.
Designed to be used with BTC or LTC. with 5 minute time frame or less. This BB strategy achieve win rate over 50% easily, with some tuning you can get even 60%+.
Multi BB Heat Vis - SMA/EMA/Breakout - r2I don't expect to iterate any further on this script, unless any weird issue crops up.
Description and usage detailed in the comments at the top of the script. Cheers!
To repaint or not to repaint, all the relevant sources are exposed as inputs for customisation - so the choice is yours.
Cheers!
yuthavithi bb scalper V2This is a trend based BB scalper. I notice when the trend is fading and the price is going to leave the upper/lower band, the opposite band will stop expanding and turn back. This can serve as a good point for profit taking.
Like my previous force scalper, this scalper also use ATR to filter sideway period. It will provide buy/sell signal only when the price is trending.
sideway period is indicated by the silver upper/lower band, it does not trade during this period. but provide close signal instead.
yuthavithi's BB ScalperA trend based BB scalper. It uses day time frame data to determine trend. When price moves above sma, it is up trend , otherwise it is down trend. the trading signal is determined in lower time frame using bband. In up trend, it will only buy and close when price reaches bb upper band. In downtrend it will do the opposite
UCS_Squeeze_Timing-V2Statistically, Squeeze fires in the direction of strength (Up or Down). By replacing the Rate of Change with Bollinger Band % BB, allows us to easily pick the direction to trade the Squeeze. With the knowledge of Price Pattern, it makes it even easier.
I have identified 4 Setups that works wells with this. I will let you explore and comment. Could possibly initiate arguments and can identify a few more.
Nothing is perfect, but probable.
Using this with the Timing V1 Signals - It is easier to sneak in. More variations to this in future. Will need time to backtest other variations.
vdubongCustom script I fabricated which I use for Binary Trading on the 1m & 3m charts together with Price action & Time management but the principles are the same for all mediums. Use Price action buy/sell in the clear zones. Use the outer 'pink' horizontal lines (highs / lows / pivots points) to place SL's.
I personally run an additional BB 50/2 for clearer BB higher highs & lower low perspective, but it's not part of the script. Script variables are fully customisable.
I don't take ownership of any part of the script, I not a programmer /script writer just a dabbler. Enjoy :) - VDUBONG UPDATED
