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Bollinger Bands (BB)

DB KCBB%D Wave SignalsDB KCBB%D Wave Signals What does the indicator do? This indicator is a version of my DB KCBB%D indicator updated with signal detection. It results from weeks of analysis of the KCBB%D waves for patterns. I'm releasing it publicly to help those who like the KCBB%D indicator but desire a version with signals built into it. The indicator plots the percent difference between the low and high prices against a combined Kelpler Channel Bollinger Bands for the current timeframe. The low percent difference and the high percent difference each have their own waves plotted. A mirror mode default allows both waves to be visualized in a mirrored plot that clearly shows when outer bands are present and when they swap. Each percent difference band is displayed with a 1 bar lookback to visualize local tops/bottoms. The overall trend is displayed using two sets of green/red colors on the percent difference waves so that each wave is recognizable, but the overall price trend is visible. A fast 3 SMA is taken of each percent difference wave to obtain the overall trend and then averaged together. The trend is then calculated based on direction from the previous bar period. How should this indicator be used? By default, the indicator will display in a mirror mode which will display both the low and high percent change waves mirrored to allow for the most pattern recognition possible. You will notice the percent difference waves swap from inner to outer, showing the overall market direction for that timeframe. When each percent difference wave interacts with the zero line, it indicates either buys or sells opportunities depending on which band is on the inside. When the inner wave crosses zero, special attention should be paid to the outer wave to know if it's a significant move. Likewise, when the outer wave peaks, it can indicate buy or sell opportunities depending on which wave is on the outside. A zero line and other lines are displayed from the highest of the high percent difference wave over a long period of time. The lines can measure movement and possible oversold/overbought locations or large volatility . You can also use the lines for crossing points for either wave as alerts to know when to buy or sell zones are happening. When individual percent difference waves are designed to be reviewed without mirroring, the mirror checkbox can be unchecked in the settings. Doing so will display both the high and low percent difference waves separately. Using this display, you can more cleanly review how each wave interacts with various line levels. For those who desire to only have half of the mirror or one set of waves inverted against each other, check the "mirrored" and the "mirrored flipped" checkboxes in the settings. Doing so will display the top half of the mirror indicator, which is the low percent difference wave with the high percent difference wave inverted. The indicator will also change the background color of its own pane to indicate possible buy/sell periods (work in progress). Does the indicator include any alerts? Yes, they are a work in progress but starting out with this release, we have: NOTE: This is an initial release version of this indicator. Please do not use these alerts with bots yet, as they will repaint in real-time. NOTE: A later release may happen that will delay firing the events until 1/2 of the current bar time has passed. NOTE: As with any indicator, watch your upper timeframe waves first before zooming into lower. DB KCBB%D Buy Signal DB KCBB%D Buy Warning Signal DB KCBB%D Sell Signal DB KCBB%D Sell Warning Signal DB KCBB%D Death Cross Sell Signal DB KCBB%D Trend Up Alert DB KCBB%D Trend Down Alert Use at your own risk and do your own diligence. Enjoy!
Pine Script™ indicator
by thefluffyones
Weather Vane Why is the indicator called 'wind Vane'? Because in this indicator, the trade is entered according to which side the price cuts the EMA that you will determine. For example, if we have chosen EMA_X as 13, if the price cuts ema13 up within the tolerance you specify, it enters the LONG transaction, if it cuts down, it enters the SHORT transaction and closes the opposite direction while entering a transaction. In other words, the 'wind rose' as the price moves towards that direction (it is blown according to the wind) :) Explanation on "Açık Pozisyonun Çıkış Koşullarını Seçin": If "Tersi Kesişimde" option is selected, the closing of the open trade is only possible when the price cuts the EMA_X+-tolerance value in the opposite direction. For example, if the price has cut the EMA_X+tolerance up and LONG has been entered in the transaction, this LONG transaction will be closed only by cutting the EMA_X-tolerance back down and entering the SHORT transaction. If the "BB Sınırında" option is selected, the closing of the open trade is when the price reaches the Bollinger Band limit. For example, if the last price cut the EMA_X+tolerance up and a LONG trade was opened, this trade will be closed if the price comes from below and reaches the upper limit of the Bollinger Band. SHORT The transaction is closed when the price comes from above and reaches the lower limit of the Bollinger Band (black diamond appears as a figure). If the "OB ve OS'larda" option is selected, the condition of reaching the above Bollinger Band limit for trades to be closed, plus the fact that the RSI exceeds the OverSold (base limit) and OverBought (ceiling limit) values ​​specified in the settings tab of the indicator. (Visible as a navy blue diamond shape) EMA, Bollinger Band and RSI values ​​in the conditions of entering a LONG or SHORT trade or closing the trade, whatever it is, are calculated according to the candle duration to be selected from here, independently of the candle duration selected on the chart, and printed on the chart, and the trades are realized at the values ​​of this selected candle period. The default state is based on 720-minute, 12h (12-hour) candles. In this default state, even if you select the candle duration of 1 hour from the chart, whether the trading conditions are met or not is checked according to the RSI EMA_X and BBand values ​​in 720 minutes. When "any alert condition" is selected while setting an alarm, a single alarm will be set on all alarm conditions and it will notify (by specifying which condition) which alarm condition is met. However, when setting the alarm, it reports once in each candle according to the candle duration selected on the chart. For example, let's say that we have chosen the candle duration of 5 minutes on the chart, and we have chosen the TFM as 720 minutes, that is, 12h. In this case, even if any condition is met multiple times within 5 minutes, it only tells us the first one. If the condition is still met at the opening of the new candle, it will report once in the new candle, and now, even if the condition is met again a hundred times in the last candle, it will only report the first one. If the opposite condition is met within 5 minutes and the last trade entered by moving long steps, the price will be closed and the entry to the opposite direction may be delayed, you can select the candle duration of 1 minute from the chart. In the meantime, it can give LONG notifications over and over while already in LONG position, but since the balance is fully processed in the first, subsequent LONG notifications do not matter. Likewise SHORT and pose exit notifications.
Pine Script™ indicator
by kaptankirk
Bollinger Bands Scalper + VWAPGet more consistent scalps by trading in-between Bollinger Band Deviations. FEATURES: 1) 3 Bollinger Bands with default settings to 1, 2, and 3 deviations for more consistent scalps 2) Trendicator: a dynamic color changing moving average that helps you see trend quickly 3) Robust VWAP tool with up to 3 different deviations as well as different anchor points to help you see strong support and resistances 4) Calming "purple cloud" color palette helps you focus on price action 5) Discover new trading strategies with a wide range of customizability
Pine Script™ indicator
by primalstef
11
Trend Strategy - TradingEDThis case study is based on different previous studies: Trend Cloud Performance & Bollinger Bands Performance , with only one count for the different indicators and independent performance charts. The use of this indicator is restricted to private use and it can be used only by invitation. Different functionalities have been added to the original code, such as alerts and signals that seek to make trading much easier to interpret by any type of trading operator of any experience level , from beginner to intermediate and advanced. Main functions of this modified indicator: 1) The SOURCE for the count can be determined by the trader (close, open, etc). 2) The MEASURE can be based on a CANDLES count if you are trading OHLC Charts from 1D onwards, or if your trading is intraday, you can also select counts by MINUTES , HOURS or DAYS , depending on your trading style. 3) LENGTH , by default it will be loaded as 20 but considering the previous point, you can modify it according to your convenience. 4) STANDARD DEVIATION , by default it will come loaded with 2 deviations, but you can modify it according to your convenience to operate. 6) You have the option to hide or show a LABEL at the top of the chart, with respect to the signals: bullish green, bearish red. 7) You have the option to hide or show SIGNALS based on the MOVING AVERAGES that you have previously chosen. 8) You have the option to hide or show SIGNALS based on the STANDARD DEVIATION that you have previously chosen. Main functions to customize the style of this indicator: a) You can select the colors for the UPPER BAND , MOVING AVERAGE and LOWER BAND depending on the trend, whether it is BEARISH or BULLISH , with the colors that best suit you. * b) When you have a SHORT SIGNAL or a LONG SIGNAL , you can change the EMOTICON that comes by default. ** c) For any type of SIGNAL , it is painted as a VERTICAL LINE in the graph, you can change the color that comes by default. * d) In the case of the LABELS that appear at the top, the text is not modifiable, but you can customize both the type of label and change the default color. * e) You can select the colors for the BACKGROUND of the indicator according to the trend, whether it is BEARISH or BULLISH , with the colors that best suit you. * * By default, they are marked as red for downtrends and green for uptrends. ** By default, they are marked with an emoticon indicating the possible direction of the price, down if it is bearish or up if it is bullish.
Pine Script™ indicator
by Trading_ED
BBSS - Bollinger Bands Scalping SignalsModified Bollinger Bands Indicator Added: - color change divergence (green) and narrowing (red) of the upper and lower bands - color change of the moving average - upward trend (green) and downward trend (red) - the appearance of a potential signal for long and short positions when the candle closes behind the upper or lower bands. How to use the indicator: Long conditions: - the price breaks through the upper band - Bollinger bands are expanding and should be green - the mid-line is green - the trigger candle should be green Short conditions: - the price breaks through the lower band - Bollinger bands are expanding and should be red - the mid-line is red - the trigger candle should be red
Pine Script™ indicator
by berezitskysl
1
DB KCBB%D WavesDB KCBB%D Waves What does the indicator do? The indicator plots the percent difference between the low and high prices against a combined Kelpler Channel Bollinger Bands for the current timeframe. The low percent difference and the high percent difference each have their own waves plotted. A mirror mode default allows both waves to be visualized in a mirrored plot that clearly shows when outer bands are present and when they swap. Each percent difference band is displayed with a 1 bar lookback to visualize local tops/bottoms. The overall trend is displayed using two sets of green/red colors on the percent difference waves so that each wave is recognizable, but the overall price trend is visible. A fast 3 SMA is taken of each percent difference wave to obtain the overall trend and then averaged together. The trend is then calculated based on direction from the previous bar period. How should this indicator be used? By default, the indicator will display in a mirror mode which will display both the low and high percent change waves mirrored to allow for the most pattern recognition possible. You will notice the percent difference waves swap from inner to outer, showing the overall market direction for that timeframe. When each percent difference wave interacts with the zero line, it indicates either buys or sells opportunities depending on which band is on the inside. When the inner wave crosses zero, special attention should be paid to the outer wave to know if it's a significant move. Likewise, when the outer wave peaks, it can indicate buy or sell opportunities depending on which wave is on the outside. A zero line and other lines are displayed from the highest of the high percent difference wave over a long period of time. The lines can measure movement and possible oversold/overbought locations or large volatility. You can also use the lines for crossing points for either wave as alerts to know when to buy or sell zones are happening. When individual percent difference waves are designed to be reviewed without mirroring, the mirror checkbox can be unchecked in the settings. Doing so will display both the high and low percent difference waves separately. Using this display, you can more cleanly review how each wave interacts with various line levels. For those who desire to only have half of the mirror or one set of waves inverted against each other, check the "mirrored" and the "mirrored flipped" checkboxes in the settings. Doing so will display the top half of the mirror indicator, which is the low percent difference wave with the high percent difference wave inverted. The indicator will also change the background color of its own pane to indicate possible buy/sell periods (work in progress). Does the indicator include any alerts? Yes, they are a work in progress but starting out with this release, we have: NOTE: This is an initial release version of this indicator. Please do not use these alerts with bots yet, as they will repaint in real-time. NOTE: A later release may happen that will delay firing the events until 1/2 of the current bar time has passed. NOTE: As with any indicator watch your upper timeframe waves first before zooming into lower. DB KCBB%D Buy Zone Alert DB KCBB%D MEDIUM Buy Alert DB KCBB%D STRONG Buy Alert DB KCBB%D Sell Alert DB KCBB%D STRONG Sell Alert DB KCBB%D Trend Up Alert DB KCBB%D Trend Down Alert Use at your own risk and do your own diligence. Enjoy!
Pine Script™ indicator
by thefluffyones
3
[SS]Multicolor BB with Squeez Moving Average & Colored BarsHello Followers, Hope u guyz doing well in the market. Came with a standalone Trading System which helps u with the trend & choppiness zone. This system is combination of multiple stretagies which makes it better than single published indicators. ========================================================================================================= We have used Variety-Filtered, Squeeze Moving Averages which is a chop zone indicator that identifies when price is below a specific volatility threshold calculated as the difference between a fast and slow moving average and filtered using ATR- or Pips-based threshold. This indicator can be use as both an entry and exit indicator. It identifies both chop zones and breakouts/breakdowns Uses:- When the candles turn white and the threshold bands appear on the chart, this is indicative of low volatility When price exits the threshold bands, price will usually explode up or down giving a long or short signal. This acts as a sort of squeeze momentum. Included: Bar coloring Signals Alerts, 4 types of alerts: Squeeze started, Squeeze ended, long, and short <<------------------------------------->> Multicolour Bollinger Bands indicator that indicates market phases. It plots on the price chart, thanks to different color zones between the bands, a breakdown of the different phases that the price operates during a trend. The different zones are identified as follows: - red color zone: trend is bearish , price is below the 200 periods moving average --> orange color zone: price operate a technical rebound below the 200 periods moving average - yellow color zone: (phase 1 which indicate a new bearish cycle) - light green zone: (phase 2 which indicate a new bullish cycle) --> dark green zone: trend is bullish , price is above the 200 periods moving average - grey color zone: calm phase of price/low volatility - dark blue color zone: price is consolidating in either bullish or bearish trend - light blue zones: price will revert to a new opposite trend (either long or short new trend) By identifying clearly the different market phases with the multicolor Bollinger bands , the market entries by either a the beginning of a new trend or just after a rebound or a consolidating phase is easier to spot on. <<==========================>> The credit of above indicator souce goes to loxx & Deveatt. I just backtested and modified it to increase accuracy of trade and clear visual representation for trades. Modified the trend based SMA and BB period and entry criteria. <<===========================>> <> 1) Look for BB COLOR and SMA for trend either up or down. 2) Look Bar coloring, enter when price above sma and green for long else short.
Pine Script™ indicator
by World_of_Indicators
4
Bermaui Variety Averages Bands [Loxx]Bermaui Variety Averages Bands is a reverse Bollinger Bands indicator with Loxx's Variety Moving Averages and Loxx's Expanded Source Types. What are Bermaui Bands? Bermaui Bands (BB) is a technical analysis tool that help filter between ranging and trending price movements. A buy signal is made when price crosses above the upper band, a sell signal is made when price crosses below the bottom band. The idea is when the bands are far apart, this is low volatility; when the bands are close together, this is high volatility. Included Loxx's Expanded Source Types Loxx's Moving Averages Alerts Signals
Pine Script™ indicator
by loxx
4
DB MACD TTM SQZ HistogramDB MACD TTM SQZ Histogram What does the indicator do? The DB MACD TTM SQZ Histogram combines the MACD with the TTM Squeeze into a single histogram. Traders may use the "Multiplier" settings to weight MACD vs. TTM SQZ. The MACD will default have a multiplier value of 2 vs. 1 for TTM SQZ. The reasoning behind the default 2:1 multiplier is to allow the faster MACD to have a strong hand in the histogram. In addition to the histogram, the indicator will display a red dot when a BB/KC squeeze (TTM SQZ) is present. The TTM SQZ uses a length of 20, BB m-factor of 2, and KC m-factor of 1.5 to match the "Mastering the Trade" squeeze. The histogram is calculated by taking the MACD histogram and the TTM SQZ histogram and first standardizing them into reasonable decimal percentages. Once standardized, each decimal percentage is then multiplied by the individual multiplier. Finally, the two values are summed into the combined histogram value. The end result is a standardized weighted combination of the MACD (faster) with the TTM SQZ (slower) histogram. How should this indicator be used? The DB ETHUSD MMA Indicator should be combined with other indicators as a secondary visual indicator or market buy/sell periods. The indicator is not meant to replace the MACD or TTM SQZ. Analyzing the MACD and TTM SQZ wave patterns individually is extremely useful. The indicator allows the trader to quickly obtain a combined analysis of the two indicators with a predetermined preference (multiplier) towards one vs. the other. In other words, the indicator is very helpful when the MACD and TTM SQZ are conflicting in providing market direction. Those familiar with MACD or TTM SQZ histograms recognize there are four periods in the full cycle; growing below zero line, growing above zero line, falling above zero line, and falling below zero line. Typically a trader would look for buying opportunities when the cycle is showing "growing below zero line." and sell when the price reaches the "falling above zero line." The qualification of the wave pattern of the four periods must be reviewed before trades. If the wave is choppy, then alternative timeframes should be reviewed. Think of wake on a lake or ocean waves. Choppy is unpredictable but smooth waves are more predictable. The red dot on the zero line would indicate that a squeeze is present in the current timeframe, building pressure. The red dot does not indicate a pressure release of up or down. Instead, it simply means the spring is being compressed. When a squeeze is present, pressure builds and may release in either direction. You can combine this indicator with BB and KC on the plot with BB (20 len, 2 m-factor) and KC (20 len, 1.5 m-factor). You can review the BB/KC outer bands to see possible breakout resistance or support when a squeeze is on. If the price is outside the BB/KC outer banks, move to a higher timeframe. Does the indicator include any alerts? Not Yet. Perhaps in the Future (If Desired) Enjoy!
Pine Script™ indicator
by thefluffyones
1
Crypto Breakout IndicatorHey Guys, The idea of the script is that accumalation and small pumps do happen before the big ones, therefore, i tried to create a breakout indicator that can tell that: the script components are: 1- Price to consolidate within 15% range between the highest of 6 candles and lowest of 6 candles 2- Price needs to breakout with minimum of 1% and maximum of 20% 3- Price needs to have sufficient volume, hence volume of current bar needs to be higher than previous one with 10% at least 4- RSI needs to be between 50 and 75 5- Bollinger Bands Percentage needs to be equal or lower than 1 6- Price is closing above EMA200 I tried to make all these numbers to be available for you guys through settings so you can tell me about any better settings!
Pine Script™ indicator
by FittestTrader
Dynamic Zone of Bollinger Band Stops Line [Loxx]Dynamic Zone of Bollinger Band Stops Line is a Bollinger Band indicator with Dynamic Zones. This indicator serves as both a trend indicator and a dynamic stop-loss indicator. What are Bollinger Bands? A Bollinger Band is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of a security's price, but which can be adjusted to user preferences. Bollinger Bands were developed and copyrighted by famous technical trader John Bollinger, designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold or overbought. What are Dynamic Zones? As explained in "Stocks & Commodities V15:7 (306-310): Dynamic Zones by Leo Zamansky, Ph .D., and David Stendahl" Most indicators use a fixed zone for buy and sell signals. Here’ s a concept based on zones that are responsive to past levels of the indicator. One approach to active investing employs the use of oscillators to exploit tradable market trends. This investing style follows a very simple form of logic: Enter the market only when an oscillator has moved far above or below traditional trading lev- els. However, these oscillator- driven systems lack the ability to evolve with the market because they use fixed buy and sell zones. Traders typically use one set of buy and sell zones for a bull market and substantially different zones for a bear market. And therein lies the problem. Once traders begin introducing their market opinions into trading equations, by changing the zones, they negate the system’s mechanical nature. The objective is to have a system automatically define its own buy and sell zones and thereby profitably trade in any market — bull or bear. Dynamic zones offer a solution to the problem of fixed buy and sell zones for any oscillator-driven system. An indicator’s extreme levels can be quantified using statistical methods. These extreme levels are calculated for a certain period and serve as the buy and sell zones for a trading system. The repetition of this statistical process for every value of the indicator creates values that become the dynamic zones. The zones are calculated in such a way that the probability of the indicator value rising above, or falling below, the dynamic zones is equal to a given probability input set by the trader. To better understand dynamic zones, let's first describe them mathematically and then explain their use. The dynamic zones definition: Find V such that: For dynamic zone buy: P{X <= V}=P1 For dynamic zone sell: P{X >= V}=P2 where P1 and P2 are the probabilities set by the trader, X is the value of the indicator for the selected period and V represents the value of the dynamic zone. The probability input P1 and P2 can be adjusted by the trader to encompass as much or as little data as the trader would like. The smaller the probability, the fewer data values above and below the dynamic zones. This translates into a wider range between the buy and sell zones. If a 10% probability is used for P1 and P2, only those data values that make up the top 10% and bottom 10% for an indicator are used in the construction of the zones. Of the values, 80% will fall between the two extreme levels. Because dynamic zone levels are penetrated so infrequently, when this happens, traders know that the market has truly moved into overbought or oversold territory. Calculating the Dynamic Zones The algorithm for the dynamic zones is a series of steps. First, decide the value of the lookback period t. Next, decide the value of the probability Pbuy for buy zone and value of the probability Psell for the sell zone. For i=1, to the last lookback period, build the distribution f(x) of the price during the lookback period i. Then find the value Vi1 such that the probability of the price less than or equal to Vi1 during the lookback period i is equal to Pbuy. Find the value Vi2 such that the probability of the price greater or equal to Vi2 during the lookback period i is equal to Psell. The sequence of Vi1 for all periods gives the buy zone. The sequence of Vi2 for all periods gives the sell zone. In the algorithm description, we have: Build the distribution f(x) of the price during the lookback period i. The distribution here is empirical namely, how many times a given value of x appeared during the lookback period. The problem is to find such x that the probability of a price being greater or equal to x will be equal to a probability selected by the user. Probability is the area under the distribution curve. The task is to find such value of x that the area under the distribution curve to the right of x will be equal to the probability selected by the user. That x is the dynamic zone. Included Bar coloring Signals Alerts 3 types of signal smoothing
Pine Script™ indicator
by loxx
1
Williams %R w/ Bollinger Bands [Loxx]Williams %R w/ Bollinger Bands is a Williams %R indicator with Bollinger bands. The Bollinger bands are used to determine when breakouts/breakdowns occur. What is Williams %R? Williams %R , also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market. The indicator is very similar to the Stochastic oscillator and is used in the same way. It was developed by Larry Williams and it compares a stock’s closing price to the high-low range over a specific period, typically 14 days or periods. Included: bar coloring signals alerts
Pine Script™ indicator
by loxx
1
.srb suite pin-upThe essential suite Indicator that are well integrated to ensure visibility of essential items for trading. it is very cumbersome to put symbol in the Tradingview chart and combine essential individual indicators one by one. Moreover even with such a combination, the chart is messy and visibility is not good. This is because each indicator is not designed with the others in mind. This suite was developed as a composite-solution to that situation, and will make you happy. --> This is steamlined pin-up version of .srb suite. --> A minimal set of indicators for comparing different symbols. --> This is well-balanced alternative next version of previous .b pin-up symbol BTC-agg. Volume 4 BTC-spot & 4 BTC-PERP volume aggregated. It might helps you don't miss out on important volume flows. Weighted to spot trading volume when using PERP+spot volume . If enabled, BTC-agg.Vol automatically applied when selecting BTC-pair. --> This is used in calculations involving volumes, such as VWAP . Moving Average 1 x JMA trend ribbon ; Accurately follow short-term trend changes. 2 x EMA ribbon ; zone , not the line. MA extension line ; It provide high visibility to recognize the direction of the MA. SPECIAL TOOLS BB regular (Dev. 2.0, 2.5) BB Extented (Dev. 2.5, 3.0, 3.5) SPECIAL TOOLS - Ultra Volume Marking x2 x4 greater than regular average volume, it will help you can take the reversal It does not directly indicate volume, but ultra-volume marking is enough for compare. --------------------------------------------------------------------------------------------------------------------------------------- if you have any questions freely contact to me by message on tradingview but please understand that responses may be quite late. Special thanks to all of contributors of community. The script may be freely distributed under the MIT license.
Pine Script™ indicator
by sr_b
14
Rails [s3]Centered around a Variable Moving Average. The Variable Moving Average (VMA) is a study that uses an Exponential Moving Average being able to automatically adjust its smoothing factor according to the market volatility. In addition to the VMA, the indicator displays breakouts in volume and when the Bollinger Bands are in a squeeze. Dots = Microtrend Triangles = Breakouts in Volume X = Crossover of Moving Averages Shaded "Cloud" = Bollinger Bands Squeeze Alerts can be set for Bearish and Bullish strength (Volume Breakouts), Crossovers, and when Squeezes have started and ended.
Pine Script™ indicator
by s3raphic333
11
Actieve Inversiones EMABBOL by EDOHEN EMABBOL includes these indicators: - triple emas (9,21,50) - Bollinger Bands - Also includes buying or selling signals The following strategy is based on ema crosses and bollinger ma crosses, the Bollinger band gives us the target we could expect from our trades, using the upper and lower bands. Trading criteria Buy : Price crosses over the triple emas and also crosses under the Bollinger band ema. Looking for 3:1 PnL Sell : Price crosses under the triple emas and also crosses under the Bollinger band ema. Looking for 3:1 PnL Stop Loss Tips : set the SL above the crosses if Selling, below the crosses if buying Take Profit Tips : set the TP below the Bollinger's lower Band band if Selling, or above the Bollinger's upper Band band if Buying
Pine Script™ indicator
by Jesus_Salvatierra
Rollin' pseudo-Bollinger Bands 5 linear regression curves and new highs/lows mixed together from the basis for this indicator. Using slightly different logic an upper boundary and lower boundary are formed. Then the boundary's are built upon to show price channels within the band using variations of fib levels and the distance between the initial boundary's. Dots plotted show the inverse of the close price relative to either the upper or lower boundary depending on where the close is relative to the center of the band. This shows the market's tendency for symmetry which is useful when looking for reversals etc. If it's too cluttered feel free to turn off some things in the options and keep what you feel is helpful.
Pine Script™ indicator
by EsIstTurnt
Market First Signals - Relative Strength/WeaknessThis market-first trading strategy gives BUY, SHORT, and CLOSE signals based on volume, trend, and relative strength or weakness to the market (SPY by default, can be customized). This indicator is useful for signaling day-trade entries and exits for tickers that are strong (or weak) against the market. Stocks that are showing relative strength (or weakness) to the market, are trending, and have decent movement generate a buy (or short) signal. When the trend runs out, a CLOSE signal is fired. Potential profit (based on ATR) and actual profit is calculated, predicting the type of move expected Unique 'stay in trade' logic helps prevent unnecessary CLOSE signals if a trend is likely to continue A colored plot indicates the strength of the current trend and turns orange/red when the strength is weakened. Crypto traders can uncheck 'Trade during market hours' for 24-hour trading, and should change the comparison ticker from SPY to BTCUSD or something similar for their market. Enjoy! KEY CONCEPTS The three- and five-minute timeframes are used to establish and verify trend (ADX/DI with custom logic) Entries and exits are based on Parabolic SAR and confirmed on multiple timeframes, trend, and relative volume Relative strength /weakness to the market compares ticker to SPY Chop is avoided at all costs. I've experimented with choppiness indicator below 38, but found that the ADX DI+/- readings work even better. Trend is established using ADX DI+/- readings over 20, confirmed by EMA 5/13 crossover and EMA5 slope Signals will fire only if the average volume for the current 5-min bar is above normal Only tickers with a five-bar / 13 period ATR of 1% the ticker's price generate signal. Only longs above daily-anchored VWAP, shorts below daily-anchored VWAP Signals fire on bar close to prevent repainting / look-ahead bias Indicator labels and alerts generated SIGNALS BUY: up-trending tickers showing relative strength are bought on the three-minute PSAR SELL: when the close price falls below the 1, 3, and 5-minute PSAR, or the ADX DI- falls below 20 SHORT: down-trending tickers with relative weakness are shorted on the three-minute PSAR COVER: when the close price moves above the 1, 3, and 5-minute PSAR, or the ADX DI- falls below 20 ALERTS Alerts are generated on BUY, SELL, SHORT, and COVER signals, as well as optional LOST RELATIVE STRENGTH and LOST RELATIVE WEAKNESS INPUTS Use relative strength/weakness comparison with the market : trigger trades based on the ticker's strength or weakness to the selected comparison ticker (usually SPY for equities or BTCUSD for crypto) Comparison Ticker for relative strength/weakness : Ticker to compare against for relative strength/weakness Trade during market hours only : Take buy/sells during specified hours. Disable this for crypto trading. Market hours (market time) : Customize market hours - defaults to 9:30 to 16:00 EST "Only trade very strong trends" : take trades only if an established trend is very strong (ADX over 40) (DEFAULT = OFF) "Limit trade direction to VWAP" : Long trades only above VWAP, shorts below (DEFAULT = ON) "Limit trade direction to Market direction" : Long trades only if SPY (or selected comparison ticker) is up, shorts if the market is down. (DEFAULT= OFF) "Limit trades based on a ticker's green/red status for the day" : Long trades if the ticker is green for the day, shorts if red. (DEFAULT = OFF)
Pine Script™ indicator
by glst0rm
8