ATR plotted above and below price with a multiplier. Defaults to 2x ATR. Makes it easier to use ATR for stop or take profit.
Bollinger Bands Contraction and Expansion
Here is an open source (no request needed!) version of the Self-Adjusting RSI by David Sepiashvili. Published in Stocks & Commodities V. 24:2 (February, 2006): The Self-Adjusting RSI David Sepiashvili's article, "The Self-Adjusting RSI," presents a technique to adjust the traditional RSI overbought and oversold thresholds so as to ensure that 70-80% of RSI...
This indicator gives a likely trading range based on the volatility of the past x amount of bars, measured against a certain moving average. The indicator can be used as an alternative for BBands. It gives approx. the same "trend-side" lines (upper line in uptrend, lower line in down trend) as the Bollinger Bands, but the opposite line follows closer on price, ...
Introduction A really old indicator as well, thus i have no much ideas of what is going on with it, but i know that those bands returns good reversals points. The indicator don't use standard deviation, instead its a simple differencing of the price and the price length bars back who will provide a dispersion measurement, thus the name auto-dispersion. The...
Introduction I have been asked by @Coppermine and @Verbena to make bands that use volume to provide adaptive results. My first approach was to use exponential averaging, in order to do so i needed to quantify volume movement using rescaling with the objective to make the bands go away from each others when there is low volume, this approach is efficient and can...
Introduction Back when i started using pine i made a script called periodic channel who aimed to rescale an average correlated sine wave to the price...don't worked very well. So i tried to fix problems induced by the indicator without much success, i had to redo it from scratch while abandoning the idea of rescaling correlated smooth functions to the price, at...
Displays two bands above and below the source using the ATR. Comes with ATR multipliers for upper and lower bands.
Introduction A pun between the word flag and the adjective flagging (less dynamic) , this indicator have two bands who react faster when in contact to the price. Imagine you are under sheets, if you abruptly rise, the sheets will instantaneously go up, then if you abruptly get down, the sheets will fall slowly until being in contact with a surface, this is...
Introduction Channels are used a lot on technical-analysis, however most of the them rely on adding/subtracting a volatility indicator to a central tendency indicator, sometimes the central tendency indicator can even be replaced by pure price. A great channel who does not rely on this kind of architecture is the Donchian channels or the quartiles bands. Here i...
This type of moving average was originally developed by Dennis McNicholl (Futures Magazine, (October, 1998): "Better Bollinger Bands"). A kind of TEMA. He used it as a centerline of the new bands, called Better Bollinger Bands or DEnvelope. The Better Bollinger Bands is a modification of the well-known Bollinger Bands that has a better response for changes in volatility.
Draws a channel based on ATR (Average True Range) and RSI. Detects band touches and colors the background appropriately.
This indicator was originally developed by Paul Kirshenbaum, a mathematician with a Ph.D. in economics from New York University. It uses the standard error of linear regression lines of the closing price to determine band width. This has the effect of measuring volatility around the current trend, rather than measuring volatility for changes in trend. Good luck!