Bollinger bands are calculated from a moving average, creating two curves that involve the price chart, these bands are defined by a standard deviation generally of value 2 with respect to the moving average.
- They show the volatility of the market, when the bands are compressed, the volatility decreases, when the bands extend, the volatility...
A set of low timeframe (LTF), medium timeframe (MTF), and high timeframe (HTF) indicators for use in crypto currencies / bitcoin.
Traditionally the 10, 20, 50, 100, and 200 SMAs are used in TA. With cryptos, I've found that the 8 EMA, 21, 55, and 128 SMAs backtest better, while no change in length was necessary for the 200. I wanted to combine all these into one...
This is a private build specifically requested by one user.
There are options to enable/disable 4 additional algorithms, whereas the current setting only shows the base algorithm ("BTC Precognition").
The "warning" text indicates a possible trend change, and is based on overbought/oversold conditions that can be adjusted in the settings.