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MTF Bollinger BandWidth [CryptoSea]The MTF Bollinger BandWidth Indicator is an advanced analytical tool crafted for traders who need to gauge market volatility and trend strength across multiple timeframes. This powerful indicator leverages the Bollinger BandWidth concept to provide a comprehensive view of price movements and volatility changes, making it ideal for those looking to enhance their trading strategies with multi-timeframe analysis. Key Features Multi-Timeframe Analysis: Allows users to monitor Bollinger BandWidth across various timeframes, providing a macro and micro perspective on market volatility. Pivot Point Detection: Identifies crucial high and low pivot points, offering insights into potential support and resistance levels. Pivot points are dynamic and adjust based on the timeframe viewed, reflecting short-term fluctuations or longer-term trends. Customizable Parameters: Includes options to adjust the length of the moving average, the standard deviation multiplier, and more, enabling traders to tailor the tool to their specific needs. Dynamic Color Coding: Utilizes color changes to indicate different market conditions, aiding in quick visual assessments. In the example below, notice how changes in BBW across different timeframes provide early signals for potential volatility increases or decreases. How it Works Calculation of BandWidth: Measures the percentage difference between the upper and lower Bollinger Bands, which expands or contracts based on market volatility. High and Low Pivot Tracking: Automatically calculates and tracks the pivots in BBW values, which are critical for identifying turning points in market behavior. High and low levels will change depending on the timeframe, capturing distinct market behaviors from granular movements to broad trends. Visual Alerts and Table Display: Highlights significant changes in BBW with visual alerts and provides a detailed table view for comparison across timeframes. In the example below, BBW identifies a significant contraction followed by an expansion, suggesting a potential breakout. Application Strategic Market Entry and Exit: Assists traders in making well-informed decisions about when to enter and exit trades based on volatility cues. Trend Strength Assessment: Helps in determining the strength of the prevailing market trend through detailed analysis of expansion and contraction periods. Adaptable to Various Trading Styles: Suitable for day traders, swing traders, and long-term investors due to its customization capabilities and effectiveness across different timeframes. The MTF Bollinger BandWidth Indicator is a must-have in the arsenal of traders who demand depth, accuracy, and responsiveness in their market analysis tools. Enhance your trading decisions by integrating this sophisticated indicator into your strategy to navigate the complexities of various market conditions effectively.
Pine Script™ indicator
by CryptoSeaTV
TTP VIX SpyTTP VIX Spy is an indicator that uses data from TVC:VIX to better time entries in the market. The assumption used is that when the VIX is coming down from the top of its range then the risk on assets can move to the upside and when the VIX is is pushing higher there's a high likelihood or risk on assets going down. This indicator observes the momentum of VIX using MACD. It offers two different signals both for longs and shorts: signal 1 and 2. Signal 1 is activate when the begging of a new trend for the VIX is confirmed. Signal 2 is activated when the VIX pulls back from an extreme value. You can configure the parameters of the internal super trend and the look back for the slope applied to price and RSIs. The indicator offers the following filter parameters: - Price RSI slope: it filters signals that have RSI slope pointing in the opposite direction of the signal. - Counter trend: it filters signals that are not counter trending super trend. - Wide BBW: it filters signals that happen when there hasn't been high price volatility - Price slope: it filters signals when the price is not pointing in the direction of the signal (buy: up, sell: down) - VIX RSI filter: it filters VIX RSI values overextended. MACD can be in the right range, but sometimes RSI contradicts it. By default is OFF since it can cause false negatives. - Working days only: it filters signals that occur in the weekend. The colours below the price action show how the VIX momentum is changing. Transitions from red into pink and then green show how the fear is fading which tends to lead to lead to bullish moves, and the opposite when the transitions are from green to red. Performance and initial thoughts. I have tried VIX Spy on both BINANCE:BTCUSDT.P and BINANCE:ETHUSDT.P and it seems to offer a decent win ratio. As you can see I had to add many filter to remove bad entries and left toggles available to decide which ones you want to use. I tried the signal in the 4H, 1H and 15min with mixed results. I tend to incline for the results in the 1H. VIX signal offers a backtestable stream and alerts both for signals 1 and 2.
Editors' picks
Pine Script™ indicator
by TheTradingParrot
11
Bollinger Band Width Percentile - Multi Time FrameMy plan with this indicator was when trading at short timeframes, to modify my expectations on the potential impact of short term volatility based on volatility in longer timeframes, and when trading on longer timeframes to attempt to find an optimal entry point based on shorter term volatility. The BBWP is calculated for a short, medium and long timeframe, alerts are triggered at extremities with the ability to filter by moving averages and chart movement. The alerts also trigger a plot to the "Backtest Signal" which can be used to trigger trades in a backtester. Please see the discussions of how I'm using this indicator in the comments below. Thanks to The_Caretaker for "Bollinger Band Width Percentile" upon which this multi time frame version is based.
Pine Script™ indicator
by EltAlt
10
BBW EMA RIBBON+BB%B+EMA BUY/SELL SignalsBINANCE: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 possible entry for a long in an uptrend and for a short in a downtrend, red zones suggest a possible exit for long & short) Only LONG signals are given. Signals are divided in 3 categories based on their strenght: - Weak BUY/SELL (green/red circles on chart) - normal BUY/SELL (green/red triangles with "BUY" or "SELL" text on chart) - strong BUY/SELL (green/red labels with "STRONG BUY" or "STRONG SELL" text on chart) You can use signals from the same category as triggers for entering or exiting a trade or you can try using signals from different categories All indicators settings can be costumized Possible EXTRY/EXIT zones can be turned ON/OFF Every signal label can be turned ON/OFF EMA that changes color based on last candle close can be turned ON/OFF Alerts can be set for: - General Signals (every signal will trigger it) - Weak Signals (only weak signals will trigger it) - Normal Signals (only normal signals will trigger it) - Strong Signals (only strong signals will trigger it) There are 3 BB%B Oversold & 3 BB%B Overbought value presets: - BASIC (default values) - LOW (slightly lower values from default) - HIGH (slightly higher values from default) Tips: Use BB%B OS LOW preset to find entries at a better price Use BB%B OS HIGH preset to find entries faster Use BB%B OB LOW preset to find exits faster Use BB%B OB HIGH preset to find exits at a better price There are 3 Filters already included: - A checkbox to toggle ON/OFF the use of Heikin Ashi candels to detect trades - A checkbox to toggle ON/OFF the use of an ema filter for the ribbon that tries to reduce the number of false signals on over-extended price movements - A checkbox to toggle ON/OFF the use of an ema filter that tries to reduce the number of false signals when price crosses the moving average many times consecutively
Pine Script™ indicator
by Nick42_for_win
7
Durbtrade Bollinger Bands WidthFirst published script. Actually, this is my 1st script ever! I know its not flashy or anything, but I finally decided to try learning some pine... and to try and get rid of the dang 0 on my profile, haha. So here are the results after many hours. I like using the BB Width indicator, and I wanted it to change color based on whether is was rising or falling. I also have it to automatically plot a horizontal line at 0 so I don't have to draw a line every time I apply the indicator to a new chart. And I changed the default precision to 3. I noticed that there aren't that many BB Width scripts. and I don't think there is anything like this out there that I know of, so I hope someone else besides me will find it useful. Please feel free to comment.
Pine Script™ indicator
by Durbtrade
7
Bollinger Bands Width with Squeeze AlertThis is the standard Bollinger Bands Width (BBW) indicator with the added capability of detecting the "Bollinger Bands Squeeze" as defined by John Bollinger: The BBW squeeze happens when BBW < all BBWs of the past 125 intervals. Whenever a BBW squeeze occurs, this means there is low volatility. A low volatility period is almost always followed by high volatility: a large breakout (with price performing ample movement and exiting the BBW bands) may suddenly occur. The breakout may be preceded by a fakeout, during which price moves in the opposite direction.
Pine Script™ indicator
by danarm
7
Dependent Variable Odd Generator Risk Detector In fact, I wrote this script for detect Bollinger and Linear Regression Bands squeeze. It's a side script. Logic works like this: Only the stagnant market probability is drawn from the Bollinger bandwidth by Dependent Variable Odd Generator and MFI index is calculated taking into account the volume. This value ranges from 0 to 100. To be sure, this value is averaged over a small period. If you break the average and exceed 50, the bollinger band is too narrow and the risk is too high. This means more commissions, more transactions, and vain work. Or, when in position, the warning is not ignored due to unnecessary signals. This code is open source under the MIT license. If you have any improvements or corrections to suggest, please send me a pull request via the github repository github.com Stay tuned , best regards.
Pine Script™ indicator
by Noldo
2
Function : Bollinger Bands and BBW Squeeze DetectorThis script shows Bollinger Bands function and want to detect Bollinger Band Width Squeeze with a successful, different perspective . Bollinger Bands : You can specify the Bollinger Bands periods as mutable variables . Bollinger Band Width Squeeze : First the Bollinger bands width was calculated.The width was then divided into levels using the money flow index. Thus, the bollinger takes into account the available volume averages when calculating the band width mfi (Money Flow Index). After this modelling, we can limit and color the lower limit and upper limits just as Relative Strength Index. We can even put warnings on oversold areas if desired. Let's not forget that we are working with width rather than price. By design, squeeze areas are defined directly above the Bollinger Bands with coloration. I think it is very practical and looks stylish. I tried and found it quite successful and wanted to share it with users. I came up with many ideas when I wrote this system, and I will share them very soon . I hope it will be useful to users and give new ideas. Best regards.
Pine Script™ indicator
by Noldo
1