Bands Vision-X

Bands Vision-X (BB-Vision-X) – Full Description

Description:
Bands Vision-X is an indicator based on dynamic bands constructed from customizable moving averages and standard deviation, allowing you to visualize potential support and resistance zones, volatility, and market conditions. It uses an adjustable moving average (with multiple options such as SMA, EMA, WMA, JMA, LSMA, DEMA, and TEMA) to define the central line, and upper and lower bands calculated by standard deviation multiplied by an adjustable factor. The bands are smoothed by a Hull Moving Average (HMA) to reduce noise and improve clarity.

How to Use

The bands indicate potential support and resistance levels.

The central line serves as a dynamic price reference.

The distance between bands reflects market volatility.

Touches or breakouts of the bands may signal entry or exit opportunities.

Parameters

Parameter Description Default
Standard Error Band Period Period for moving average and standard deviation 20
Moving Average Type Type of moving average (SMA, EMA, etc.) SMA
Standard Deviation Multiplier Multiplier for standard deviation 2.0
Band Lines Smoothing Period Period for smoothing the bands (HMA) 5

Technical Notes

The JMA function used is not the original Jurik version but an approximate and open implementation based on publicly available TradingView community code.

Developed in Pine Script v6 with optimized and clean code.

Recommendations

Ideal for traders seeking a clear view of volatility and dynamic support/resistance levels.

Should not be used in isolation; it is recommended to combine with volume analysis, price action, or other technical indicators.

Adjust the period and multiplier according to the asset and timeframe for better effectiveness.