Inverse BandsThis was the result of quite some time spent examining how much information could be gleamed by studying the interactions between Keltner Channels, STARC Bands and Bollinger Bands. I was surprised by the results.
First of all, there are four fills that are black. Set the transparency of those to 0 and you'll see this indicator the way that it's meant to be seen. Those fills belong to unused sections of the Bollinger Bands.
There are two clouds which represent STARC Bands and the Keltner Channel. There is some delay when they flip from bullish (green) to bearish (red), but they are indicative of the trend. The space between them is black and the narrower that space is, the greater volatility is. Because of this, we don't need the exterior Bollinger Bands.
The Bollinger Bands remain visible as the yellow interior clouds on the top cloud and the blue interior clouds on the bottom cloud. Often, the thicker the yellow or blue cloud is, the less severe a throwback from a given trend reversal will be. Often the thinner that yellow or blue cloud is, the more severe the trend reversal will be. If price is rising into a thin interior yellow cloud, the following dip will be substantial. If price action dips towards a thicker interior blue cloud, often the pump following that dump will be less enthusiastic.
We preserve the Keltner Channel and STARC bands as our cloud because the way that they interact with the three basis lines yields a lot of information.
The yellow Bollinger basis line tells us about trend strength. The closer the BB basis line is to the top of the top cloud or the bottom of the bottom cloud, the stronger the trend is. When it enters the cloud very close to the bottom of the bottom cloud, you know you're looking at a strong pump, and vice versa when it's close to the top of the top cloud.
The purple Keltner Channel basis line and orange STARC Band basis line can forecast short term trend changes one candlestick in advance by contacting any line in either cloud. The moment either basis line touches or crosses any boundary of the clouds, you know that the next candle will change directions. In an uptrend, a touch or cross means the next candle will have a lower high point. In a downtrend, a cross or touch means the next candle will have a higher high point. This is most useful in scalping.
It'd be pretty easy to slap some crossover alerts on to this and useful considering that they come a candle in advance. Feel free to further explore and develop this.
Komut dosyalarını "bollingerband" için ara
Bollinger Bands Trending Reverse StrategyWelcome to yet another script. This script was a lot easier since I was stuck for so long on the Donchian Channels one and learned so much from that one that I could use in this one.
This code should be a lot cleaner compared to the Donchian Channels, but we'll leave that up to the pro's.
This strategy has two entry signals, long = when price hits lower band, while above EMA, previous candle was bearish and current candle is bullish.
Short = when price hits upper band, while below EMA, previous candle was bullish and current candle is bearish.
Take profits are the opposite side's band(lower band for long signals, upper band for short signals). This means our take profit price will change per bar.
Our stop loss doesn't change, it's the difference between entry price and the take profit target divided by the input risk reward.
3Commas Bollinger StrategyThis strategy is intended for use as a way of backtesting various parameters available on 3commas.io composite bot using a bollinger band type trading strategy. While it's primary intention is to provide users a way of backtesting bot parameters, it can also be used to trigger a deal start by either using the {{strategy.open.alert_message}} field in your alert and providing the bot details in the configuration screen for the strategy or by including the usual deal start message provided by 3commas. You can find more information about how to do this from help.3commas.io
The primary inputs for the strategy are:
// USER INPUTS
Short MA Window - The length of the Short moving average
Long MA Window - The length of the Long moving average
Upper Band Offset - The offset to use for the upper bollinger offset
Lower Band Offset - The offset to use for the lower bollinger offset
Long Stop Loss % - The stop loss percentage to test
Long Take Profit % - The Take profit percentage to test
Initial SO Deviation % - The price deviation percentage required to place to first safety order
Safety Order Vol Step % - The volume scale to test
3Commas Bot ID - (self explanatory)
Bot Email Token - Found in the deal start message for your bot (see link in previous section for details)
3Commas Bot Trading Pair - The pair to include for composite bot start deals (should match format of 3commas, not TradingView IE. USDT_BTC not BTCUSDT)
Start Date, Month, Year and End Date, Month and Year all apply to the backtesting window. By default it will use as much data as it can given the current period select (there is less historical data available for periods below 1H) back as far as 2016 (there appears to be no historical data on Trading view much before this). If you would like to test a different period of time, just change these values accordingly.
Known Issues
Currently there are a couple of issues with this strategy that you should be aware of. I may fix them at some point in the future but they don't really bug me so this is more for informational purposes than a promise that they may one day be fixed.
Does not test trailing take profit
Number of safety orders and Safety Order Step Scale are currently not user configurable (must edit source code)
Using the user configuration to generate deal start message assumes you are triggering a composite bot, not a simple bot.
LAGging span leaves Bollinger Bands strategyAbstract
This script points out the positions a lagging span leaves a Bollinger Band.
This script does not plot a lagging span but moves the Bollinger Band forward.
You can find profit opportunities by combining this script and risk management.
Introduction
Bollinger Bands is a popular indicator.
It contains a moving average, an upper band and a lower band.
The moving average can indicate trend, the upper band and the lower band can indicate if the price is far away from the moving average.
However, in trading markets, anything can happen.
Both continuation and reversal are possible when the price touches the moving average, the upper band or the lower band.
Therefore, many traders adjust the parameters of the Bollinder Band or add other indicators to improve their trading strategies.
@Daveatt et. al. provided an idea that uses a lagging span.
A lagging span is a line chart. It displays the reference price but in earlier time.
For example, if the offset of a lagging span is 26 days, the value of the lagging span on 29 days ago is the reference price 3 days ago.
A lagging span is a part of Ichimoku Cloud.
It can compare the price to the earlier price and the values of indicators in the past.
To compare the price to the values of indicators in the past, we can also shift indicators forward instead of adding a lagging span into the chart.
This script uses shift-the-indicators-forward method.
In other words, this script plots the Bollinger Band forward so that the price can be compared to the values of the Bollinger Band in the past.
Computing and Adjusting
(1) Compute Moving Average
(2) Compute Standard Derivation
(3) Upper Band = Moving Average + Standard Derivation * Multi
(4) Lower Band = Moving Average - Standard Derivation * Multi
(5) Shift the Bollinger Band forward according to the offset parameter.
(6) Mark the points the price leaves the shifted Bollinger Band
(7) Compute the most possible loss and profit before the next opposite signal.
Parameters
source : the data for computing the bollinger band. can be open, high, low, close or their combination.
length : how many days are calculated by the bollinger band
mult : the distance from the moving average to the upper band and the distance from the moving average to the upper band is equal to ( mult * standard derivation ) .
x_offset : the offset of the lagging span
Conclusion
This script can find signals for potential breakout or trend continuation.
If you want to use this signal well, you need to know when to cut loss and protect the profit.
Reference
@Daveatt , Bollinger bands/Lagging span cross , BGyrPgOA , Tradingview 2019
How to trade with Bollinger Bands
How to use Ichimoku Cloud
How to trade with a line chart
Bollinger bands % Sideways indicatorDetect sideways markets (green background) vs. trending markets (red background) with this indicator. It makes use of the Bollinger bands % as its base.
Relative Channel BandwidthThis indicator uses different volatility channels - Bollinger Band, Donchian Channel and Keltner Channel width to measure volatility.
Indicator plots channel bandwidth percentage with respect to close price.
This is not same as Bollinger Percent B - which is measure of where price is with respect to band. Instead this indicator is similar to ATR Percent indicator published here:
Plotting is color coded to indicate volatility zone:
Red : Extreme volatility
Orange : High volatility
Lime : Low volatility
Green : Extreme low volatility
These levels are again derived by long period bollinger bands
Adoptive Supertrend - BandsAnother adoption of supertrend. This time based on different channels - Bollinger Band, Keltner Channel, Donchian Channel and Pivot point based Donchian channel.
When price hits top of bands, it is considered as start or continuation of uptrend. When price hits bottom of the band it is considered as start or continuation of downtrend. Hence, supertrend is drawn based on these calculations. Use ATR Periods and ATR Multiplier to create stops certain ATR away from band's top and bottom.
Other supertrend adoptions published are here:
Pivot point based donchian channel is published here:
Donchian DipThe Donchian Dip
This strategy is designed to look for good "Buy the Dip" entries on stocks that are clearly in a strong 1-year upward trend. If you do not know how to identify those stocks on your own please do not use this system or continue your education until you do. The Donchian Dip strategy was designed on the daily time frame but works amazingly well on both daily and weekly timeframes. It does still work on intraday charts also if the current trend on the daily chart is in a strong uptrend.
Chart Setup:
3-period Donchian Channel with a 1-period offset (hide basis)
Bollinger Bands with the default settings of 20/2 (display basis)
Entry Signals:
There are 3 different entry signals that will be printed on the chart that have similar underlying criteria but are ranked based on skill level just like ski slope skill levels! I recommend only taking green entries until you are familiar with the system and the stocks you are trading.
Green Easy Entry:
This is the safest buy the dip entry that is normally found at or near a large retracement bottom. You might get one or two bad entries but be persistent and eventually, a great entry will present itself!
These are the specifics for the conditions that trigger a Green entry if you want to know what they are:
1. The current bar is an up bar (green or white bar) and closed above the lower Donchian channel
2. Previous bar or 2 bars back closed below the lower Donchian channel
3. Previous bar or 2 bars back closed below the Bollinger Band Basis (20 SMA )
4. The low of the previous bar or 2 bars back was below the lower Bollinger Band
Blue Intermediate Entry:
This is a decent entry if you missed the green entry, want to add to an existing position, or are not sure it will pull back far enough to even give a green entry. I would suggest only trade these entries to add to an existing pyramid position or get back into a trade that you were recently stopped out of. However, on high-flying stocks like TSLA these signals and the Black Diamond entry signals might be the only ones you get for a long time. Also, on the weekly chart, Blue or Black entries are sometimes all you will get for a year or more.
These are the specifics for the conditions that trigger a Blue entry if you want to know what they are:
1. The current bar is an up bar (green or white bar) and closed above the lower Donchian channel
2. Previous bar or 2 bars back closed below the lower Donchian channel
3. Previous bar or 2 bars back closed below the Bollinger Band Basis (20 SMA )
Black Diamond Advanced Rule:
This is normally just a small pullback re-entry signal on a strong trending stock like TSLA ...trade with extreme caution!!! You have been warned but daredevils feel free to give it a shot. I sometimes do trade these entries if the market and sector of the stock I am trading are extremely bullish or if I am looking to add to a position but I use a conservative stop.
These are the specifics for the conditions that trigger a Black entry if you want to know what they are:
1. The current bar is an up bar (green or white bar) and closed above the lower Donchian channel
2. Previous bar or 2 bars back closed below the lower Donchian channel
3. Previous bar or 2 bars back closed above the Bollinger Band Basis (20 SMA )
Exit Criteria:
The goal of this strategy is to buy the dip and hold as long as possible...let's practice some Paytience and exercise those holding muscles! RLT!!!
So, we don't want to exit early but we also want to protect our profits somehow. We do this by using the built-in trailing stops that are defined by dots of three different shades of purple on the chart (feel free to change these in the settings). Simply move your trailing stop to the highest current dot price level. Do not move the trailing stop down ever even if a lower dot is printed later. These are simply the suggested trailing stops and definitely use your own judgment for exits but if you backtest this strategy enough you will most likely discover that in the long run, these trailing stops work really well.
I hope this strategy helps you to identify good "Buy the Dip" entries on stocks you love as well as trains you to hold your winners longer for bigger gains.
***HOW TO ADD TO YOUR CHARTS***
1) Click the "Add to Favorite Scripts" button
2) Go to a stock chart and click the "Indicators" icon at the top
3) Next, on the left, click the "Favorites" and then click the "Naked Put - Growth Indicator v2"
4) It should appear on your charts, and you can click the "gear" icon on the study to edit a few settings.
5) Read the release notes above so you understand how it works.
BB+K strategyApplying Bollinger Bands and K-bar strategies
Suitable for long time periods
Suitable for forex trading, when the forex deviation is too large, the Fed will intervene and thus correct
Strategy: Enter when the price hits the upper or lower BB track and there is a reversal of the strong signal, and exit when it hits the other track and there is a reversal signal.
(JS) VWAP BandsThis is a pretty simple script here - I took the VWAP and combined it with Bollinger Bands.
The bands can vary a lot based on chart resolution, so I wanted to make sure the resolution could be modified so you can use the resolution you're most comfortable with, or find the most success with.
Length:
Length of bars used to calculate the bands.
Standard Deviation Band 1-3:
There's three bands all together, this option allows you to modify the number of standard deviations per band.
VWAP Period:
This modifies when you want the VWAP to begin (Session, Week, Month, Year).
Offset:
This moves the VWAP and the bands the amount of bars you select, default is of course set to zero.
Source:
This selects the source of calculation, HLC/3 is the default VWAP calculation.
This is a pretty self explanatory script, I thought being able to see the standard deviations of the VWAP could prove to be useful - hope you all like it!
Exponential Deviation Bands Width [ChuckBanger]This indicator is a compliment to Exponential Deviation Bands . It is the difference between the upper and the lower bands divided by the middle band. It is an easy way to visualize consolidation before price movements or periods of higher volatility.
How it works
During a period of high volatility, the distance between the two bands will widen and Exponential Deviation Bands width will increase. And the opposite occurs during a period of low volatility, the distance between the two bands will contract and Exponential Deviation Bands width will decrease. Meaning there is a tendency for bands to alternate between expansion and contraction.
When the bands are relatively far apart, that is often is a sign that the current trend is ending. When the distance between the two bands is relatively narrow that often is a sign that the market is about to initiate a bigger move in either direction.
Spread Entry Balance of PowerThis is a bar chart showing the strength of a potential option spread entry using 8 conditions for each side of a trade, bull or bear.
In theory, if the SE Strength (Spread Entry Strength) is at one of the extremes of the Bear or Bull side, then a spread is prime for entry.
To calculate this, the 8 conditions receive a 1 or zero dependent on whether the condition is true (1) or false (0), and then all of those are summed. The primary gist of the strength comes from Nishant's book, or my interpretation thereof, with some additives that limits what I need to review (such as condition 8 below.)
The 8 Bull Conditions are:
1) Bollinger Bands are outside of the Keltner Channels
2) ADX is trending up
3) RSI is trending up
4) -DI is trending down
5) RSI is under 30
6) Price is below the lower Keltner Channel
7) Price is between the lower Bollinger Band and the Bollinger basis.
8) Price at one point within the last 5 bars was below the lower Bollinger Band
The 8 Bear Conditions are the inverse conditions (except the first), and the conditions are given a negative disposition (meaning they sum to -8 :)):
1) Bollinger Bands are outside of the Keltner Channels
2) ADX is trending down
3) RSI is trending down
4) +DI is trending up
5) RSI is over 70
6) Price is above the upper Keltner Channel
7) Price is between the upper Bollinger Band and the Bollinger basis.
8) Price at one point within the last 5 bars was above the upper Bollinger Band
Double BB & Double EMA by IKINThis is the combination of code to detect the cross over between EMA 7 & EMA 21.
By using the double Bollinger Bands will help traders to make the decision by exit the counter just incase buy at the highest price.
Create for FREE TRADING VIEW USER
Bollinger Band Crossover SignalI'm a little surprised I couldn't find a BB crossover script on here since I've always used it on other charting software. So of course I had to write one in for TradingView.
Essentially what this script signifies are price breakouts when price crosses over the upper BB band. So what it shows is that market conditions are entering overbought territory.
Length is set to 20 and Standard Deviation is set to 2. These are the default settings.
The way I use the script is to identify breakouts in price, as well as a signal to start scaling out of a position if I am already in one.
Equivolume Overlay - Bollinger BandsA bollinger band overlay for Equivolume Bars .
To use it you must move it to the same existing pane as the Equivolume Bars pane and set it to the same scale (usually A).
Please ensure if you have modified the equivolume bars script's settings that you modify them in this script accordingly or they will not line up correctly.
Bollinger Bands with Moving Averages and MTFBollinger Bands basically use SMA, here I revised it for use with many moving averages. Moving average types I have added: "EMA", "RMA", "SMA", "WMA", "VWMA", "WWMA", "TMA", "VAR", "ZLEMA", "TSF".
There is also an MTF option to view different time zones.
Bollinger Bands Width with Squeeze AlertThis is the standard Bollinger Bands Width (BBW) indicator with the added capability of detecting the "Bollinger Bands Squeeze" as defined by John Bollinger:
The BBW squeeze happens when BBW < all BBWs of the past 125 intervals.
Whenever a BBW squeeze occurs, this means there is low volatility.
A low volatility period is almost always followed by high volatility: a large breakout (with price performing ample movement and exiting the BBW bands) may suddenly occur.
The breakout may be preceded by a fakeout, during which price moves in the opposite direction.
Bollinger %B Candles StrategyStrategy built based on earlier published indicator:
Looks to be doing good for short term swing trades. But, I am not sure if there is repainting. I tried to avoid buy/sell trades on same day - but wasn't successful.
So far back-tested on following:
COINBASE:BTCUSD - works on both long and short
CURRENCYCOM:GOLD and equities - long only.
Some of the failures: ASX:WPL , ASX:WHC , ASX:NHC
As usual for back-testing - using 1000 as initial capital with 100% invested on each trade and no compounding so that it will be easy to compare with buy and hold. Trade with caution :)
Bollinger %B CandlesCandlesticks made from Bollinger %B of high, low, open and close.
Input parameters are explained below:
BBLength : Bollinger band periods. Standard deviation is hardcoded as percent B scale does not change with standard deviation.
UseMovingAverage : Candles are formed on moving average of Bollinger Percent B instead of absolute values.
Moving Average Type : Type of moving average to apply on Bollinger %B values
Lookback Period : Moving Average periods.
ColorByPreviousClose : Color candles based on previous close.
Improved On balance volume with BB channel and double MAThis is an improved version of the on balance volume indicator.
I made it inside a bollinger band channel, so we can define better the zones. At the same time I applied 2 moving averages on OBV, to get a better idea of the trend and at same time that change direction of the trend.
Green - > uptrend - > we look for buy positions
Red - > downtrend -> we look for sell positions.
At the same time we have to be aware of crosses on bollinger bands, which can indicate a change in the trend .
Volume Weighted Bollinger Bands 出来高加重ボリンジャーバンドIt is a volume-weighted index of Bollinger Bands.
The central line is vwma so it's quite responsive
The standard deviation is also volume weighted
Charts without volume are not weighted with volume as 1.
It seems that the usage in trading is the same as the Bollinger band
ボリンジャーバンドを出来高加重した指標です
中央線はvwma出来高加重移動平均なのでかなり反応が良いです
標準偏差も出来高加重してしています
出来高の無いチャートは出来高を１として加重しないようにしています
トレードでの使い方はボリンジャーバンドと同じで良いと思われます
Stochastics and RSI HybridThis is an interesting study. We know bollinger bands can be a useful tool for price action, but what if we applied them to other indicators?
The top chart is the Stochastics and bottom chart represents RSI. We can see a relationship between the two indicators, where the signal line bounces of the bollinger bands.
The strategy is simple, when the signal lines bounce of their bollinger bands together, review price action and then take the trade. If you see one indicator going in the opposite direction to the other, or opposite to price action, then you may be observing divergence in which case a big move is about to happen.
If you wish to have this indicator further customised, please do not hesitate to contact me.
