This is an revised Open Public version of Vdub Bollinger Band %B reversal indicator. This version includes optional Divergence Finder with selectable channel width, optional Market Session time highlighting and optional Binary Option expiry markers.
릴리즈 노트
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R4.3 By JustUncleL: some minor updates
Updated for Version 3 Pinescript compliance.
Added option to change Session times.
Change to 3 Session times: Asia, Europe and NewYork
Added Colourung under BB %B curve to Highlight %B peaks.
HINT: I find Divergence works better at the Higher Time Frames 4hr or Daily. //
릴리즈 노트
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Small Update: Changed input type to "session" for Session Time entries.
HINT#2: Look for Divergence markers that begin from Peaks above 50% or below -%50.
Is the signal repainting after the bar close? Thanks
JustUncleL
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@cristian.d, Please refer to Open Close Strategy R5 for details regarding repainting issues.
Lyiness
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This is for BO ;)
Lyiness
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Trade directly the signal and not the candle afterwards
JustUncleL
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@Lyiness, Thank you for your BO trading idea. Please be aware, if not already, that the %B curve is a reflection of the Bollinger Bands: when %B crosses the zero that is the same as price crossing centre line of BB; when %B goes above 50 or below -50, then that is the same as price moving outside of the BB.
Lyiness
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@JustUncleL, I admire your work here. is there a more specific alternative?
Lyiness
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@JustUncleL, in the picture it is a bit unclear. I already trade the candle with the signal and not the after and quite successful.
JustUncleL
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@Lyiness,What your are trading is a valid way of of using Bollinger Band centre line (which is the same as %B zero), and if it is working for you I would not change a thing. I was just making sure Traders were aware of what the BB %B indicator represents. It is generally used more for Divergence analysis on Higher Time Frames H1+, but that does not mean that is the only way it can be used as it is really a representation of the Bollinger Bands.