POC bands 2.0 and other assorted goodies

I updated my old indicator that plotted a Kalman filter avg . of the bars inside a higher timeframe bar, to attempt to find the most frequent price in that bar's timespan.
It ended up being somewhat close, but not exact, but the result is that you get a pseudo-vwap without a need for volume data, that isn't cumulative and can indicate trend direction, or if the market's ranging.
This is very powerful information!

I highlight a trade setup we get here, derived from observing the indicator's slope and knowing how to read price action, assisted by rgmov and cci readings.
To get the code for the other indicator's you will have to click on share, and then on 'Make it mine' so you get the whole layout.

Good luck and hope you find these of use.

A few uses...
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?
study(title = "POC bands 2.0", shorttitle="POCB", overlay=true)
resCustom = input(title="Timeframe", type=resolution, defval="240")
Length = input(6, minval=1)
xPrice = security(tickerid, resCustom, hlc3)
xvnoise = abs(xPrice - xPrice[1])
nfastend = 0.666
nslowend = 0.0645
nsignal = abs(xPrice - xPrice[Length])
nnoise = sum(xvnoise, Length)
nefratio = iff(nnoise != 0, nsignal / nnoise, 0)
nsmooth = pow(nefratio * (nfastend - nslowend) + nslowend, 2) 
nAMA = nz(nAMA[1]) + nsmooth * (xPrice - nz(nAMA[1]))
basis = nAMA
atr = ema(tr,11)
upper = basis[3] + (atr*3)
lower = basis[3] - (atr*3)

plot(basis, color=blue)
plot(upper, color=blue)
plot(lower, color=blue)
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Crypto, Equities and Commodities. Contact me here or @ http://www.fb.me/LabrieTrading


it repaint... :(
+2 응답
Iodasama RadekWozniakowski
@RadekWozniakowski, can you elaborate on the repaint thing you seem to have observed ? Is it concerning POC band 2.0 indicator alone or other goodies mentioned above ?? Can you be more specific? Thks 👌
I give it a try to your indicator that seems great especially if it can help get trend direction and market ranging ‘ but do you recommend high TF as daily in your example ? Do I have to change and set up parameters of your indicator according to the TF or better not change the original set up 4 h length 6
Also, You’ re talking about a trade setup derived from observing the indicator's slope and knowing how to read price action, assisted by rgmov and cci readings. I don’t find the share button to make it mine and get the whole lay out
Can you help on this one ? Thanks a lot !!
Do you recommend to use others indicators of yours ‘ more updated or evolved one ?
Thanks ‘
IvanLabrie Iodasama
@Iodasama, hi, try the indicator alone, the extra stuff will help but you need to subscribe to a paid indicator set (Key Hidden Levels) to get the RgMov (contact @timwest if interested in it, includes other really useful things, like key levels of support and resistance, high volume key levels, etc)

Stick to the daily chart and apply the indicator alone on charts. You can trade breakouts after the middle line goes flat for a few days, and aim for the bands to exit.
Iodasama IvanLabrie
@IvanLabrie, thanks a lot for your full answer !! 👍 yep I am gonna do that !! I had guessed that it was kind of indicator to be used on Daily TF !!
Thanks a lot for your advice too !! I am gonna stick to what you explained !! Thanks man
Iodasama IvanLabrie
@IvanLabrie, thanks man for posting this chart!! I appreciate 👍 clear and explicit !!
Lov it. Flat center line == ranging.
Tqvm @ IvanLabrie
IvanLabrie sufianlau
@sufianlau, yes it's actually quite useful to read price action.
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