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Bollinger Bands (BB)

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
Pine Script™ indicator
by vdubus
1
DEnvelope [Better Bollinger Bands]*** *** Bollinger Bands (BB) usually expand quickly after a volatility increase but contract more slowly as volatility declines. This extended time it takes for BB to contract after a volatility drop can make trading some instruments using BB alone difficult or less profitable. In the October 1998 issue of "Futures" there is an article written by Dennis McNicholl called "Better Bollinger Bands", in which the author recommends improving BB by modifying: - the center line formula & - different equations for calculating the bands. These bands, called "DEnvelope", follow price more closely and respond faster to changes in volatility with these modifications. Fore more indicators, check out my "Master Index of indicators" (Also check my published charts page for new ones I haven't added to that list): More scripts related to DEnvelope: ------------------------------------------------ - DEnvelope Bandwidth: pastebin.com - DEnvelope %B : pastebin.com Sample chart with above indicators: www.tradingview.com
Pine Script™ indicator
by LazyBear
18
BBImpulse IndicatorBBImpulse is part of the latest indicators package offered by John Bollinger. Excerpt from their market blurb (www.bbforex.com): "BBImpulse is derived from %b. Its value is the periodic change of %b, so if %b was 0.45 this period and 0.20 last period the present value of BBImpulse is 0.25. We present two reference levels on the chart, an alert level and an impulse level." "Generally the market moves in the direction of the latest alerts and/or impulses except towards the end of a move where one can take advantage of exhaustion/reversal signals from this indicator." "Ian Woodward employs BBImpulse for his Kahuna signals using key levels of 0.24 and 0.40." I added support for the following: - Highlighting alert/impulse trigger bars - Rendering the range (check options page). I noticed that the range, by itself, highlights lot of info: - Tapering in (narrowing) of range may signify topping or falling prices. - Tapering out (expanding) may signify nearing a bottom or rising prices. - Range getting "ranged" between alert or impulse levels signify a major move in the direction of the last impulse trigger. I think for this, alert level ranging intensity is greater than impulse level ranging intensity. Someone more familiar with BB will have more observations, I am sure. Please do share here so we BB noobs can learn :) For more indicators, check out my complete list here:
Pine Script™ indicator
by LazyBear
26
Indicator: Custom COG channelThis is my custom channel (Bear Channel!? :)) derived from BB/STARC. It uses both ATR/STDEV for plotting the bounds. I use COG (Center of Gravity) for deriving the baseline. This enables it to track the price action better than many other channels that make use of MAs or simply "close". Indicator also marks "squeezes" (stdev bands come inside ATR bands). Pay attention to these, as these usually indicate a move. I am still exploring this indicator on different BTCUSD time frames, would love to hear your feedback / setups for other instruments. Code for this indicator: pastebin.com Code for COG fibs I mentioned in the comments: pastebin.com
Pine Script™ indicator
by LazyBear
55
Trading Strategy based on BB/KC squeeze**** [Edit: New version (v02) posted, see the comments section for the code ***** Simple strategy. You only consider taking a squeeze play when both the upper and lower Bollinger Bands go inside the Keltner Channel. When the Bollinger Bands (BOTH lines) start to come out of the Keltner Channel, the squeeze has been released and a move is about to take place. I have added more support indicators -- I highlight the bullish / bearish KC breaches (using GREEN/RED crosses) and a SAR to see where price action is trending. Appreciate any feedback. Enjoy! Color codes for v02: ---------------------------- When both the upper and lower Bollinger Bands go inside the Keltner Channel, the squeeze is on and is highlighted in RED. When the Bollinger Bands (BOTH lines) start to come out of the Keltner Channel, the squeeze has been released and is highlighted in GREEN. When one of the Bollinger Bands is out of Keltner Channel, no highlighting is done (this means, the background color shows up, so don't get confused if you have RED/GREEN in your chart's bground :)) Color codes for v01: ---------------------------- When both the upper and lower Bollinger Bands go inside the Keltner Channel, the squeeze is on and is highlighted in YELLOW. When the Bollinger Bands (BOTH lines) start to come out of the Keltner Channel, the squeeze has been released and is highlighted in BLUE.
Pine Script™ indicator
by LazyBear
28