Bermaui Variety Averages Bands [Loxx] is a reverse Bollinger Bands indicator with Loxx's Variety Moving Averages and Loxx's Expanded Source Types.
What are Bermaui Bands? Bermaui Bands (BB) is a technical analysis tool that help filter between ranging and trending price movements. A buy signal is made when price crosses above the upper band, a sell signal is made when price crosses below the bottom band. The idea is when the bands are far apart, this is low volatility; when the bands are close together, this is high volatility.
Included
Loxx's Expanded Source Types
Loxx's Moving Averages
Alerts
Signals
Sürüm Notları
Added background markings to better see signals.
Added continuation longs/shorts to increase signal volume. This addition adds a lot of noise so by default these continuation signals are not shown. This is for advanced users.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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