LazyBear

BBImpulse Indicator

BBImpulse is part of the latest indicators package offered by John Bollinger . Excerpt from their market blurb (http://www.bbforex.com/tutorial/?p=4):

"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:
오픈 소스 스크립트

진정한 TradingView의 정신에 따라, 이 스크립트의 작성자는 스크립트를 오픈소스로 게시했기에 거래자들이 이해하고 확인할 수 있습니다. 작가님께 건배! 스크립트를 무료로 사용할 수 있지만, 게시물에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 당신은 스크립트를 차트에 사용하기 위해 그것을 즐겨찾기 할 수 있습니다.

차트에 이 스크립트를 사용하시겠습니까?
//
// @author LazyBear 
// List of all my indicators: https://www.tradingview.com/v/4IneGo8h/
//
study(title = "Bollinger Bands Impulse [LazyBear]", shorttitle = "BBIMP_LB")
source = close
length = input(20, minval=1)
mult = input(2.0, title="Mult Factor", minval=0.001, maxval=50)
alertLevel=input(0.24)
impulseLevel=input(0.40)
showRange = input(false, type=bool)

// Calc BB
basis = sma(source, length)
dev = mult * stdev(source, length)
upper = basis + dev
lower = basis - dev

// Calc Impulse
bbr = (source - lower)/(upper - lower)
bbi = bbr - nz(bbr[1]) 
bbc = iff(bbi>0, 
        iff(bbi>alertLevel and bbi<impulseLevel, lime, iff(bbi>impulseLevel, orange, aqua)),  
        iff(bbi<-alertLevel and bbi>-impulseLevel, red, iff(bbi<-impulseLevel, orange, aqua))
        )

// Plot Ian Woodward's suggested Reference Levels
plot(0, color=gray, title="MidLine", style=3)
plot( impulseLevel, color=gray, style=line, linewidth=1, title="Impulse+")
plot( alertLevel, color=gray, style=3, linewidth=1, title="Alert+")
plot( -alertLevel, color=gray, style=3, linewidth=1, title="Alert-")
plot( -impulseLevel, color=gray, style=line, linewidth=1, title="Impulse-")

plot(showRange ? bbr : na, color=gray, style=area, title="Range+", linewidth=0, transp=80)
plot(showRange ? -bbr : na, color=gray, style=area, title="Range-", linewidth=0, transp=80)

plot(bbi, color=bbc, style=histogram, linewidth=2)



List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

코멘트

Hi Lazy Bear, great job on the BBImpulse. Sending you a Thank You.
500 코인
응답
Awesome! Thanks! I just read that he developed new indicators here:
http://content.yudu.com/Library/A2soao/Englishedition21/resources/index.htm?pagePrefix=en-apr2014

BBImpulse is explained there as: "How is the price changing in relation to the Bollinger Bands"

A video with Mr. Bollinger. He explains his new BBImpulse indicator in this video starting around minute 54:50
https://www.youtube.com/watch?v=7_G9iZMovK4#t=3282
+4 응답
LazyBear ChartArt
Thanks @ChartArt. Thats some great info.
+2 응답
GemmaKay ChartArt
@ChartArt, You are the Best, Thank you I could not find this webinar. Much appreciated !
응답
So how do you use this?
+2 응답
LazyBear kakola
You can find more info on the link I have posted in the desc. Also, check out the comment by @ChartAt above, he has some nice info too.
+3 응답
CoinEx LazyBear
Thanks for your indicators. They are incredible (or incredibly inspired!). Not only have you allowed lots of users a new way to look at the market(s) (thats frankly not available in most places) you have also made a wide contribution to the use of old and new techniques in interesting combinations.

I do have one small request. Is there any chance you could make a very simple indicator for charts that displays the fees associated with trading? (Both buying and selling)

I am not sure if an offset or some other indication would be best in different kinds of charts.
+1 응답
korps75 CoinEx
lazibear number one!
응답
Interesting, will have to read up on this. Thanks
+1 응답
Thank you Lazybear for this, question: Can you set an Alarm for when there is a Big Impulse, an audible alarm?
응답
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 정보 차트 특징 프라이싱 프렌드 리퍼하기 하우스룰(내부규정) 헬프 센터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 블로그 & 뉴스 트위터