EXPERIMENTAL: using multiple length bollinger bands to create a better reading of ?price/range? strength?. • calculates 2 candle plots for upper and lower bands, were the high and low are the extremes of the bands, open is the previous close of the band and close is the extreme midline.
The script combines 3 single Bollinger bands into one script for easy plotting and range modification. It can be used for analyzing a market with multiple time frames and ranges using Fibonacci series as the range.
The contractions and expansions of the bands are represented by two different colors
BB %B : Madrid : 06/JUN/2014 23:36 : 2.0 This displays the distance from the lower band in terms of percentage. The farther it is from the basis line, the stronger the trend. When the price exceeds 100% or it's below 0% it means the price has reached an overbought (above 100) or oversold (below 0) level.
This study tracks where the 5MA is relative to the Bollinger Bands Bollinger Bands are segmented in four parts, +/- 2 stdDev and +/- 1 stdDev +/- 1 : first StdDev Band +/- 4 : Second StdDev Band +/- 9 : Overbought / Oversold (Beyond 2nd SD Band) This study is used to reduce the clutter on the screen. Instead of displaying the whole band, it displays a map that...
This displays a background color according to the position of the closing price on the Standard Deviation band Blue for upper bands, Orange for lower bands Bold color for oversold/overbought conditions This study can be used as a standalone bar or it can be merged with other indicators or used as a chart background. The parameters it requires are simple, the...
This displays the traditional Bollinger Bands, the difference is that the 1st and 2nd StdDev are outlined with two colors and two different levels, one for each Standard Deviation. The basis line is colored depending on the direction of the moving average.
These Bollinger Bands are exponential because the variance is calculated using the exponential moving average, rather than just adding the normal standard deviation to the ema. This may be more useful because the exponential standard deviation should be more sensitive to near term increases or decreases in volatility. Please do not forget that Bollinger Bands...
Here is the 2nd version of CapnsBandsV2 for Mateys... Remind you this a trend indicator NOT a BUY and SELL. Its up to you how you read it. Defaults for Smaller TF like 15Mnts. Enjoy it. :)
Is It Uptrend or DownTrend? Are you lost? Follow the trend with CapnBands :)
Anyone remember the "Frogger" game where a frog must pass a river ? This strategy is like a game. Immagine you that the cyan lines are a River, any time the price can cross up or down this river, you must buy or sell only when the bar are dry.. BUY at highest price of the first bar that is completely dry over the river SELL at the lowest price of the first...
Calculate %B for RSI, Stoch, using Bollinger Bands algorithm.
Here's my version of the MACD _BB . This is a great indicator to capture short term trends. yellow candles = long aqua candles = short This indicator can be much better. I will work on it and publish an improved version (hopefully) soon. In the mean time , go ahead and play around with the code, and please share your findings :) Cheers Algo
A simple modification of the normal TSI indicator. It adds Bollinger Bands that are based on the TSI values, instead of the price history. I find this indicator useful on the weekly interval.
vdub Atlas, Multiple strategy combined indicator ichmoku, inside bollinger bands, Multiple ma's, Strength indicator MA's Hull ma, vdub binaryPro, Session background colours. Switch out any indicator you don't want.
There is an important information the Squeeze indicator is missing, which is the Pre Squeeze entry. While the Bollinger band begins to curves out of the KC, The breakout usually happens. There are many instances that the Squeeze indicator will fire, after the Major move, I cant blame the indicator, thats the nature (lagging) of all indicators, and we have to live...
As we know, %b is a measure of where prices are in relation to the outer Bollinger bands and therefore strongly related to volatility. This can get choppy, though. Vervoort smoothed this using Zero lag TEMA of custom Heiken-ashi recalculated prices. According to Vervoort, "Smoothed Vervoort %b is often a leading indicator making smooth moves with clear turning...