Bollinger Bands With User Selectable MABollinger Bands with user selection options to calculate the moving average basis and bands from a variety of different moving averages.
The user selects their choice of moving average, and the bands automatically adjust. The user may select a MA that reacts faster to volatility or slower/smoother.
Added additional options to color the bands or basis based on the current trend and alternate candle colors for band touches. Options:
REACT SLOW/SMOOTH TO VOLATILITY
simple moving average (Regular Bollinger Bands)
REACT SMOOTH TO VOLATILITY
exponential moving average (EMA Bollinger Bands)
weighted moving average (Weighted MA Bollinger Bands)
exponential hull moving average (Hull Bollinger Bands with better smoothing)
HIGHLY ADJUSTABLE TO VOLATILITY
Arnaud Legoux Moving average (ALMA Bollinger Bands)
Note: 0.85 ALMA default for more smoothing, set offset=1 to turn off smoothing
REACT HARSH TO VOLATILITY
least squares moving average (Least Squares Bollinger Bands)
REACT VERY FAST TO VOLATILITY
hull moving average (Hull Bollinger Bands or Hullinger Bands)
VALUE ADDED: This script is unique in that no other Bollinger Bands indicator offers a user selection for moving average, and some of the options do not exist yet as Bollinger Bands indicators.
Definitions:
Bollinger Bands: A Bollinger Band® is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of a security's price, but which can be adjusted to user preferences.
Exponential Bollinger Bands: The most important characteristics of the Exponential Bollinger Bands indicator are: When the market is flat, the bands will stay much closer to prices. When the volatility is high, the bands move away from prices faster.
Hull Bollinger Bands: Bollinger Bands calculated by Hull moving average, rather than simple moving average or ema. The Hull Moving Average (HMA), developed by Alan Hull, is an extremely fast and smooth moving average. In fact, the HMA almost eliminates lag altogether and manages to improve smoothing at the same time.
Exponential Hull Bollinger Bands: Bollinger Bands calculated by Exponential Hull moving average, rather than simple moving average or ema. The Exponential Hull Moving Average is similar to the standard Hull MA, but with superior smoothing. The standard Hull Moving Average is derived from the weighted moving average (WMA). As other moving average built from weighted moving averages it has a tendency to exaggerate price movement.
Weighted Moving Average Bollinger Bands: A Weighted Moving Average (WMA) is similar to the simple moving average (SMA), except the WMA adds significance to more recent data points.
Arnaud Legoux Moving Average Bollinger Bands: ALMA removes small price fluctuations and enhances the trend by applying a moving average twice, once from left to right, and once from right to left. At the end of this process the phase shift (price lag) commonly associated with moving averages is significantly reduced. Zero-phase digital filtering reduces noise in the signal. Conventional filtering reduces noise in the signal, but adds a delay.
Least Squares Bollinger Bands: The indicator is based on sum of least squares method to find a straight line that best fits data for the selected period. The end point of the line is plotted and the process is repeated on each succeeding period.
Bollinger Bantları (BB)
Bricklayer's Volatility MeterBricklayer's Volatility Meter will calculate Bollinger Bands Width up to 20 different lengths between lowest and highest input.
• If it is increasing, the brick will be green.
• If it is decreasing, the brick will be red.
The idea is that if volatility is decreasing across an increasing number of periods, the market will be ready for different strategies than when it is increasing.
Good luck trading!
Berzerker IndexSome pairs have their own distinct behavior. That includes volatility, news reactiveness, trend x chop day discrepancy, and other qualities.
At first, I tried to measure this with the Choppiness Index, but it looks pretty much alike when you compare symbols like EURNZD and GBPCAD, but my testing shows some major behavioral differences between the two. Hence, I decided to build my own measurement which I later decided to call Berzerker Index.
• The calculation takes the previous value and adds 1, 3, 7, or 15 depending on how many standard deviations the price beats.
• Deviations use Jurik Moving Average as a central line. If there is no new penetration, the total value will not be increased.
• At the end of the value update, the result will decay whether it is changed or not. The readings decay significantly faster if the price is between the bands.
• The beginning of the calculation is the beginning of the chart. There isn't any period for the calculation.
As you can see, from the beginning of the year, the maximum readings on EURNZD are 49.8 and 73.6 for GBPCAD. This is what I wanted to achieve - find some way to clearly differentiate the pairs. Later, I went on EURUSD to confirm the results. EURUSD should be a calmer pair and it shows 33.5 which supports the theory.
The symbols with small bars and explosions on events and bank meetings will reach high values, whereas those that are more predictable with less extreme movements will be found below 45.
Lastly, you may identify long periods of continuous descend on the indicator as setting up for a large explosion. This is not the original idea but could work nevertheless.
Of course, I will further update this indicator if I get improvement ideas...
FAQ:
► Does this repaint?
• No.
► Where is the buy signal?
• There isn't one. The purpose is to study repeated behavioral patterns of different symbols, not to drink from the holy grail.
► Why is it called the 'Berzerker' Index?
• I don't know.
I used @everget's version of Jurik's Moving Average with his consent.
What do ya thing?
RSI in Bollinger bandsI added Bolinger bands to the RSI indicator.
This shows you the area of reversal for the RSI. Generally, when the indicator falls out of the bands, you'll see a quick reversal. Indeed this is a better way to find the overbought and oversold areas.
Pump blaster based on Pump FinderThis is based on a video I watched while searching for good indicators to use for scanning pumps across the crypto market.
You can probably find the video by searching for "Pump Finder On 15 Minute Chart With Best Trading Indicators".
The approach presented uses LSMA and BB B% to detect pumps.
Results:
It does detect many pumps, it also detects many dumps...
I'm not very impressed after this first attempt but might give it another try if I come up with maybe something I'm doing wrong while trying to automate in a script the original strategy from the video.
Instructions:
This indicator is compatible with the backtest script we use.
It plots 1 for buy and 2 for sell. The rest of the plots are for debugging the strategy and can be ignored.
It's meant to be used on 15mins tf
Bollinger bands + EMAI discovered a video on YouTube which was published on Jan 22, 2021. I just coded on TradingView. It's performing better in smaller TimeFrames (1m, 5m, ...).
How does it work? How to use?
This is based on Bollinger Bands and Exponential Moving Average. The logic is so simple: It will wait until the a candle starts to poke out of the BB. When it figures out a price outside the band, it will be altered for next candle. If the next candle close back inside the band, it will be marked with a up triangle (for long positions) or down triangle (for short positions). The take profit level would be the Exponential Moving Average.
It can be used as a confirmation alongside other techno fundamental tools and analysis.
P.S. As it's prohibited by community rules to link to outside, while it seems to be a kind of advertisement, I cannot share the link to the video. Cheers to those creative and kind YouTubers!
Multiband Oscillator - Zigzag versionJust variation of Multi Band oscillator present here: Multi-Band-Channel-Oversold-Overbought-Oscillator
Changes are:
Instead of regular moving average, here I am using Zigzag Moving average. This is calculated in similar to as explained in: Zigzag-Cloud
Instead of ATR, using AZR (Average Zigzag Range) - Average-Zigzag-Range-AZR
Rest of the logic remains same.
Number of bands used 100 - which means, calculate 100 Bollinger bands with Std Dev Multiplier starting from 0.1 and with step 0.1 for the next one.
Which divides price ranges into 200 equal parts. Calculate what is the current range and plot them.
Overbought - Oversold levels are dynamics. They are dependent on the max and min state price has reached in last 80 days. Offset and factor can be used to adjust overbought oversold levels.
Ultimate Moving Average Bands [CC+RedK]The Ultimate Moving Average Bands were created by me and @RedKTrader and this converts our Ultimate Moving Average into volatility bands that use the same adaptive logic to create the bands. I have enabled everything to be fully adjustable so please let me know if you find a more useful setting than what I have here by default. I'm sure everyone is familiar with volatility bands but generally speaking if a price goes above the volatility bands then this is either a sign of an extremely strong uptrend or a potential reversal point and vice versa. I have included strong buy and sell signals in addition to normal ones so darker colors are strong signals and lighter colors are normal ones. Buy when the lines turn green and sell when they turn red.
Let me know if there are any other scripts you would like to see me publish!
Williams Vix Fix BB + RVI & Squeeze (Keltner) filtered BBW + %BLegend:
- When line touches or crosses red band it is Top signal (Williams Vix Fix)
- When line touches or crosses blue band it is Bottom signal (Williams Vix Fix)
- Red dot at the top of indicator is a Top signal (Relative Volatility Index)
- Blue dot at the top of indicator is a Bottom signal (Relative Volatility Index)
- Gray dot at the bottom of indicator is a Keltner Squeeze signal (filtered by either BBW or %B)
- Silver dot at the bottom of indicator is a weaker Keltner Squeeze signal (Doesn't meet either BBW or %B filter)
- Purple is a 'Half Squeeze' only 1 Bollinger Band crossed the Keltner Channel
This is an attempt to make use of the main features of all 6 of these Volatility tools :
- Williams Vix Fix + Bollinger Bands
- Relative Volatility Index (RVI)
- The crossing of Keltner Channel by the Bollinger Bands (Squeeze)
Conditions to Help Filter Keltner Squeeze:
- When the Bollinger Bands Width (BBW) value is lower than the lowest value within a period plus a margin of error (percentage)
- When the %B value reaches the alert level detailed in LazyBears indicator. ()
If it meets one of these 2 filters and there is a Keltner Channel Squeeze than gray color or else if the squeeze doesn’t meet one of the 2 filters than silver color (weaker Squeeze).
The goal is to find the best tool to find bottoms and top relative to volatility and filter the squeeze.
The idea is that both Williams Vix Fix + Bollinger Bands and Relative Volatility Index both already give the main volatility bottom and top so combining them to compare and validate the signals makes sense. (Note: Bottom signal is more accurate than top). In addition, I added the squeeze to show the potential breakout pressure and to compliment bottom and top signals.
For ideas on how to continue this work :
I encourage ideas to combine the Williams Vix Fix and Relative Volatility Index for volatility top and bottom (with probability would be awesome)
And I encourage ideas to filter Keltner Channel Volatility Squeeze using both the BBW or %B or other volatility squeeze indicators or a combination of all of them.
Also, I encourage people to post their top parameters for the BBW and %B to filter the Keltner Squeeze in the comments or to send me them by chat relative to this indicator.
Half the battle is making the indicator, while the other half is tuning the parameters.
The current parameters are one of the least aggressive, and act as a mild filter.
Note: You can also change the threshold for RVI top and bottom.
And this work builds on my last indicator:
If you have ideas on this work or have ideas on potential combinations please message me, I always want to learn or get perspective on how it can be improved.
Sharing is how we get better (Parameter tuning, ideas, discussion)
I don’t reinvent the wheel, just trying to make the wheel better.
Bollinger Bands Touch MapThis simple script based on Bollinger Bands to collect Touch Point at bandsand display them on the map. Detail of rule as below:
1.Define Touch Point
1.1.Touch Point at Lower Band
+ Key bar:
- Open Price lower than BB lower band, Close Price higher than BB lower band
+ Touch Point:
- Median Price (HL2) of Key bar
1.2.Touch Point at Upper Band
+ Key bar:
- Open Price higher than BB upper band, Close Price lower than BB upper band
+ Touch Point:
- Median Price (HL2) of Key bar
1.3.Zero Point
- Close Price of Current bar
===================================
2.Touch Map
+ Last 5 Touch Point will be show on the map
+ Newest Touch point is numbered as (1) and show at the left of Zero Point
+ Each Point has a label show point's value
===================================
3.Fibonacci
+ Enable: Apply to number of Touch Points indicated
+ Style Up: 0 Level at the bottom
+ Style Down: 0 Level at the top
===================================
4.123 Pattern
+ Pattern: dot 2 and dot 3 at the Top and the Bottom of group 1234
+ M Pattern: dot 3 at the Top of group 135 and at the Bottom of group 234
+ W Pattern: dot 3 at the Bottom of group 135 and at the Top of group 234
===================================
5.Supply Demand Zone
5.1.Supply Zone
+ Supply Zone is area map structure change from upward to downward
+ Supply Zone is limited by 2 dots highest before upward structure broken
5.2.Demand Zone
+ Demand Zone is area map structure change from downward to upward
+ Demand Zone is limited by 2 dots lowest before downward structure broken
============================================================================
6.6.Over Block
6.1.Overbought Block
+ Overbought Block is location Long position covering
+ Ovb Block is limited by higest high and upper band at top of map
6.2.Oversold Block
+ Oversold Block is location Short position covering
+ Ovs Block is limited by lowest low and lower band at bottom of map
===================================
7.RSI Column
+ RSI Overbought is marked by Overbought color
+ RSI Oversold is marked by Oversold color
+ RSI Normal is marked by Normal color
+ Symbol ▲: RSI growing
+ Symbol ▼: RSI falling
===================================
8.Volume Direction
+ Volume growing is marked by Up Color
+ Volume falling is marked by Down Color
+ New Highest Volume on the map is marked by High Color and H Label
+ New Lowest Volume on the map is marked by Low Color and L Label
+ Volume higher than Median level is marked by Up Color and M Label
===================================
9.Useful features
+ Quickly find chart patter: 123, M, W...
+ Quickly find wave patter: I, V, N...
+ Quickly find Key level when moving between different Time Frame
+ Quickly recognize chart is trending or trendless
+ Quickly recognize divergence of Price and Volume
+ Quickly calculate Entry, Stoploss, Takeprofit by using Fibonacci
Zigzag CloudThis is Bollinger Band built on top of Zigzags instead of regular price + something more.
Indicator presents 7 lines and cloud around it. This can be used to visualize how low or high price is with respect to its past movement.
Middle line is moving average of last N zigzag pivots
Lines adjacent to moving average are also moving averages. But, they are made of only pivot highs and pivot lows. Means, line above moving average is pivot high moving average and line below moving average is pivot low moving average.
Lines after pivot high/low moving averages are upper and lower bolllinger bands based on Moving Average Line with 2 standard deviation difference.
Outermost lines are bollinger band top of Moving average pivot high and bollinger band bottom of moving average pivot low.
BB-Pivots-GANN-Levels-stockInshotHello everyone,
With help of open source WD gann codes, i combined this study with Bollinger band with entry & exit conditions.
For stock Selection you way chose fixed stock list .
These levels has been derived from daily WD GANN Astro Levels.
=== Rules ===
Long Entry Condition : Price must be above resistance line with Bollinger band blast will be the best entry . You may take the target with the help of this study.
Stop loss can be same candle low
Short Entry Condition : Price must be below support line with Bollinger band blast will be the best entry . You may take the target with the help of this study.
Stop loss can be same candle High
Please calculate the Risk Reward with the Future Target Price & Stop loss levels.
No Trading Zone Rules -
If price is in middle of support & Resistance .one way avoid such trades as it has been observed ,That most of the time stock goes sideways.
===Rules End ===
study has been kept open source for the understanding the concept.
Do your own Research with this study for better understanding with your trading style
Bollinger bands volume support&resistance multi timeframe [LM]Hello traders,
I would like to introduce you Bollinger bands volume support&resistance multi timeframe script. The benchmark is the Upper Bollinger Band applied on volume with a look-back setting of 233 and a displacement of 3 standard deviations.
(There’s nothing magical about the setting of 233, but you should use a long-term parameter so that you get a stable Bollinger Band. Short-term parameters tend to produce erratic bands.)
If a price bar shows volume that exceeds this benchmark, we will zoom in and use it as potential support or resistance area in our price analysis. if there is only one candle that will crossover and cross under than only high and lo of that candle is counting. If there are more consecutive bars that are above upper bollinger band than the range high and lo is calculated from high and lows of that candle
As you can see on the image high and low is only rendered when volume crossover and cross under bollinger bands
I hope you will enjoy it
Heatmapped Bollinger BandsBollinger Bands have been used for many years to determine the volatility and potential reversal area of markets. This script takes standard Bollinger Bands (BB) and transforms it into a heatmap of reversal areas.
A basic explanation on how this indicator works is:
- Yellow is where the price likes to stay,
- Orange is where the price might begin to reverse in a weak trend, and
- Red is where the price will either pause to let the yellow range catch up, or where the price will jump back down into the yellow range to stabilize.
For educational purposes: this script is essentially just taking the standard method of creating Bollinger Bands (seen in the 'Main Lines' portion of the script), coloring the plots 'na' so that they aren't seen, and using the 'fill' function to plot the yellow to red rainbow up to the top. I believe I made the yellow range 0.2*stdev to 1*stdev, the orange range 1*stdev to 2*stdev, and the red range 2*stdev to 3*stdev. You can get the hex code rainbow from any website that has a color slider.
** Disclaimer: THIS IS NOT TRADING ADVICE. Bollinger Bands should be used in conjunction with other indicators to make better decisions but NO STRATEGY IS PERFECT. Always backtest any strategy before using it live. **
Bollinger Bands + Moving Average (BBMA Oma Ally)Found this strategy in babypips forums.babypips.com
This strategy using BB and MA
BBMA Oma Ally Trading Technique
I’m just sharing this Forex Technique that helping me making positive result.
In BBMA, BB (Bollinger Bands) act as Dynamic Support and Resistance.
SETTING OF BBMA - BOLLINGER BANDS
Period : 20
Deviations : 2
Shift : 0
Apply to : Close
Style : Dodge Blue
MA (Moving Average) are used to detect potential entry point.
SETTING OF BBMA - MOVING AVERAGE
Ma5 Hi
Period : 5
Ma Method : Linear Weighted
Apply to : High
Style : Red
Ma10 Hi
Period : 10
Ma Method : Linear Weighted
Apply to : High
Style : Yellow
Ma5 Low
Period : 5
Ma Method : Linear Weighted
Apply to : Low
Style : Magenta
Ma10 Low
Period : 10
Ma Method : Linear Weighted
Apply to : Low
Style : White
Ma50
Period : 50
Ma Method : Exponential
Apply to : Close
Style : Lime
.
EXTREM (SIGNAL)
Extrem is an early signal to say the Market journey is beginning to end - but not yet confirmed
Will only confirm when there is a reversal candle.
Extrem is not valid when there is a CS momentum, although Ma outside BB.
CHARACTERISTICS OF EXTREM
Ma out of Top / Low BB (will not valid if there is cs momentum, although Ma is outside BB)
Reverse candle must exist, as it indicates the journey of a Market is ending (not necessarily 1 or 2 cs)
Retest candle (entry point)
Entry at Highest or Lowest volume
Entry retest candle at Ma5 or body candle
MHV (LOSS VOLUME MARKET) (SETUP)
It is a setup for the beginning of long distance Market journey
This setup gives a validation for the Extrem signal earlier
It is to show the loss of strength for the market.
MHV is valid once CSA (direction candle) appear
***If the candle close NOT above or below Top / Low BB after the first Reentry, after MHV there is a directional candlestick, then there will be a reentry and after the reentry there is no momentum “COMPULSORY TP”
CHARACTERISTICS OF MHV :
Candle CANNOT close above or below Top / Low BB
Must have reverse candle, because reverse candle is confirming the end of the journey (Marking at candle body)
Retest candle (entry point) at Ma5 or highest volume / lowest at that current time
Must happen after Extrem
TYPES OF MHV
5 types but i can only post 1 photo. So sorry i cant give more on this.
RE-ENTRY
CHARACTERISTICS OF REENTRY
Candle close can not pass Ma5 / Ma10
It will be strong when the candle close does not pass Ma5 / Ma10 and also Mid BB
Candle close did not come in. He found Ma5 / Ma10 and mid BB at that Time would make the re-entry stronger
If there is a re-entry in Ma5 / Ma10 and mid BB, the minimum of 3 drops of candles or increments (follow TF) re-entry will be strong
Following market trend, then just search for re-entry and entry
Wait for the second candle, because the first candle validates the reentry and the second candle is for entry
Burgerized MTF BB + Reverse Engineering RSI (RERSI) + Hidden S&RThis is a mod of a script by informanerd that has helped me immensely with my trading setup.
HUGE HUGE HUGE credit to him! Check him out! He gave me permission to publish this and so here I am, sharing it with you. I hope you all like it!
This version is functionally essentially the same - the difference is in visualization choices and automation.
Instead of selecting different timeframes, and thus having to change not one but 4 timeframes manually every time you look at a different time frame on the main chart, I found (with help from the kind community in the Pine Script chat right here on Tradingview!) a method to choose multiples so that you can have consistent results no matter what timeframe you are looking at.
Default is set to multiples of 2, 4 and 8 which is the system I found works best for myself personally.
I also changed visualization - crossovers are now highlighted in the background of the respective bands. By default I have chosen different transparency levels for crossovers then sitting inside the bands. This destroyed the ability to modify colors the old school way in Style tab, but I have added inputs for all the relative settings so you can modify the visual aspect to your hearts content, as I know my colors make most people barf (something I did when I was younger maybe?).
Hope the nice barfs of color help you quickly see trends and reversals - I know they help me! Happy trading, no matter your timeframe! xD
HYE Combo Market [Indicator] (Vwap Mean Reversion+Trend Hunter)Indicator version of the strategy:
* Alerts added.
TIPS AND WARNINGS
1-) The standard settings of this combo script is designed and tested with daily timeframe. For lower timeframes, you should change the indicator settings and find the best value for yourself.
2-) Only the mean vwap line is displayed on the graph. For a detailed view, you can delete the "//" marks from the plot codes in the script code.
3-) This is an indicator for educational and experimental purposes. It cannot be considered as investment advice. You should be careful and make your own risk assessment when opening real market trades using this indicator.
Compare Crypto Bollinger Bands//This is not financial advice, I am not a financial advisor.
//What are volatility tokens?
//Volatility tokens are ERC-20 tokens that aim to track the implied volatility of crypto markets.
//Volatility tokens get their exposure to an asset’s implied volatility using FTX MOVE contracts.
//There are currently two volatility tokens: BVOL and IBVOL.
//BVOL targets tracking the daily returns of being 1x long the implied volatility of BTC
//IBVOL targets tracking the daily returns of being 1x short the implied volatility of BTC.
/////////////////////////////////////////////////////////////////
CAN USE ON ANY CRYPTO CHART AS BINANCE:BTCUSD is still the most dominant crypto, positive volatility for BTC is positive for all.
/////////////////////////////////////////////////////////////////
//The Code.
//The blue line (ChartLine) is the current chart plotted on in Bollinger
//The red line (BVOLLine) plots the implied volatility of BTC
//The green line (IBVOLLine) plot the inverse implied volatility of BTC
//The orange line (TOTALLine) plots how well the crypto market is performing on the Bolling scale. The higher the number the better.
//There are 2 horizontal lines, 0.40 at the bottom & 0.60 at the top
/////////To Buy
//1. The blue line (ChartLine) must be higher than the green line (IBVOLLine)
//2. The green line (IBVOLLine) must be higher than the red line (BVOLLine)
//3. The red line (BVOLLine) must be less than 0.40 // This also acts as a trendsetter
//4. The orange line (TOTALLine) MUST be greater than the red line. This means that the crypto market is positive.
//5.IF THE BLUE LINE (ChartLine) IS GREATER THAN THE ORANGE LINE (TOTALLine) IT MEANS YOUR CRYPTO IS OUTPERFOMING THE MARKET {good for short term explosive bars}
//6. If the orange line (TOTALLine) is higher than your current chart, say BTCUSD. And BTC is going up to. It just means BTC is going up slowly. it's fine as long as they are moving in the same position.
//5. I use this on the 4hr, 1D, 1W timeframes
///////To Exit
//1.If the blue line (ChartLine) crosses under the green line (IBVOLLine) exit{ works best on 4hr,1D, 1W to avoid fakes}
//2.If the red line crosses over the green line when long. {close positions, or watch positions} It means negative volatility is wining
Moving Average Band Width [CC]The Moving Average Band Width was created by Vitali Apirine (Stocks and Commodities Aug 2021 pg 25) and this is of course an extension based on my previous Moving Average Bands script. For those of you that aren't aware, the Band Width indicator is an indicator that tells you how close the upper and lower bands are to each other which is a great determination of how volatility is increasing or decreasing. This acts as both a trend indicator and a volatility indicator. I have included strong buy and sell signals in addition to normal ones so stronger signals are darker in color and normal ones are lighter. A great buy signal is when you are in an uptrend (so the line is green already) and the indicator line is moving up which means strong underlying volatility.
Let me know if there are any other indicators or scripts you would like to see me publish!
CCI BBThis indicator is the idea of giorno_4_16 .
It shows some indicator lines in your main chart as following:
SMA300, EMA200
BB 20 1,2,3sigma and middle
BB 300 1,2,3sigma and middle
You should put CCI (12, 14) into your separated chart to use the idea.
It shows arrows for registance trading when:
CCI(12) crossovers -200 or corssunders 200 in recent 6bars,
and the price crosses indicator line of SMA200, EMA200 and BB300 1,2,3sigma.
When CCI crossovers -200, you can condisider buying.
When CCI crossunders 200, you can condisider selling.
You should use this indicator in 1H or 4H.
When an arrow appears in 1H, change timeframe to 4H and check the slope of BB20.
If the slope is gentle, take-profit target is MA20 of 1H.
If the slope is steep(ex. CCI crossovers -200 and 4H BB20 go up steeply), take-profit target is BB20 2sigma of 1H.
2 Length Bollinger BandsThis indicator is a two length Bollinger Band implementation. It uses the Simple Moving Average, and adjusts to the period you are looking at: e.g. if you are looking at the day chart, periods are in days. If you are looking at the 5 minute chart, periods are within 5 minute increments.
The foregrounded set of bands is based on the 20 length SMA. So, in the case of the day chart, the successive bands from the middle are 1, 2, 2.5, and 3 standard deviations from the midline (which is a dotted orange line). The upper 2.5 and 3 stddev band is orange and red respectively. When the price gets up into these regions it could indicate a potential sell or short opportunity. The lower 2.5 and 3 stddev bands are colored with lime and green,when the price goes into these regions it indicates a potential buy opportunity.
The backgrounded set of bands is based on the 50 length SMA. So, in the case of the day chart, the successive bands from the middle are 1, 2, 2.5, and 3 standard deviations from the midline (which is a dotted purple line). It is intentionally more transparent so as to be seen as a slower background trend, so that the foreground bands (based on the 20 length SMA) can be interpreted within a developing context based on consideration of the slower period.
There are many other things to consider with Bollinger Bands, such as the 'squeeze' when the bands get narrow, which is often followed by a 'squeeze' up or down. It is best to consider BBs alongside other indicators (leading & lagging) and with consideration of volume in order to confirm or invalidate your thesis before making a trade.
RSI+ChannelbandsThis Indicator displays a normal RSI with overbought/-sold lines which is calculated with donchian channels, pivot channel, bollinger bands and three horizontal lines.
You can averaged the channels, bands and h-lines in any combination or you can use just one of them for calculating the overbought/-sold lines.
The midline is colored in default settings in yellow for upptrending and blue for downtrending.
Best Bollinger BandsRemoving the Simple Moving Average and replacing it with the Hull Moving Average (HMA) in the Bollinger Bands (BB), you can not only predict support, resistance, and price movement, but you can also leverage the value of the BB in evaluating when price is over extended in an up and/or down trend.
