Bollinger Bands Reversal Strategy Analyzer█ OVERVIEW
The Bollinger Bands Reversal Overlay is a versatile trading tool designed to help traders identify potential reversal opportunities using Bollinger Bands. It provides visual signals, performance metrics, and a detailed table to analyze the effectiveness of reversal-based strategies over a user-defined lookback period.
█ KEY FEATURES
Bollinger Bands Calculation
The indicator calculates the standard Bollinger Bands, consisting of:
A middle band (basis) as the Simple Moving Average (SMA) of the closing price.
An upper band as the basis plus a multiple of the standard deviation.
A lower band as the basis minus a multiple of the standard deviation.
Users can customize the length of the Bollinger Bands and the multiplier for the standard deviation.
Reversal Signals
The indicator identifies potential reversal signals based on the interaction between the price and the Bollinger Bands.
Two entry strategies are available:
Revert Cross: Waits for the price to close back above the lower band (for longs) or below the upper band (for shorts) after crossing it.
Cross Threshold: Triggers a signal as soon as the price crosses the lower band (for longs) or the upper band (for shorts).
Trade Direction
Users can select a trade bias:
Long: Focuses on bullish reversal signals.
Short: Focuses on bearish reversal signals.
Performance Metrics
The indicator calculates and displays the performance of trades over a user-defined lookback period ( barLookback ).
Metrics include:
Win Rate: The percentage of trades that were profitable.
Mean Return: The average return across all trades.
Median Return: The median return across all trades.
These metrics are calculated for each bar in the lookback period, providing insights into the strategy's performance over time.
Visual Signals
The indicator plots buy and sell signals on the chart:
Buy Signals: Displayed as green triangles below the price bars.
Sell Signals: Displayed as red triangles above the price bars.
Performance Table
A customizable table is displayed on the chart, showing the performance metrics for each bar in the lookback period.
The table includes:
Win Rate: Highlighted with gradient colors (green for high win rates, red for low win rates).
Mean Return: Colored based on profitability (green for positive returns, red for negative returns).
Median Return: Colored similarly to the mean return.
Time Filtering
Users can define a specific time window for the indicator to analyze trades, ensuring that performance metrics are calculated only for the desired period.
Customizable Display
The table's font size can be adjusted to suit the user's preference, with options for "Auto," "Small," "Normal," and "Large."
█ PURPOSE
The Bollinger Bands Reversal Overlay is designed to:
Help traders identify high-probability reversal opportunities using Bollinger Bands.
Provide actionable insights into the performance of reversal-based strategies.
Enable users to backtest and optimize their trading strategies by analyzing historical performance metrics.
█ IDEAL USERS
Swing Traders: Looking for reversal opportunities within a trend.
Mean Reversion Traders: Interested in trading price reversals to the mean.
Strategy Developers: Seeking to backtest and refine Bollinger Bands-based strategies.
Performance Analysts: Wanting to evaluate the effectiveness of reversal signals over time.
Komut dosyalarını "bollingerband" için ara
Adaptive Range Scalper - KetBotAIThe Adaptive Scalper is designed to dynamically adjust entry, take-profit (TP), and stop-loss (SL) levels based on the latest market price. It combines multiple tools to provide traders with actionable insights, suitable for a range of trading styles and timeframes.
How the Indicator Works
Dynamic Levels:
- Yellow Dotted Line: Represents the entry level, following the latest price dynamically.
- Green Line: The Take Profit (TP) level, calculated as a multiple of the current price, adapts in real-time.
- Red Line: The Stop Loss (SL) level, placed below the price and also dynamically adjusts.
Bollinger Bands:
Provides context for market volatility and potential overbought/oversold zones.
Narrowing bands signal consolidation, while expanding bands indicate increased volatility.
Buy and Sell Signals:
Buy Signal: Triggered when the price crosses above the lower Bollinger Band.
Sell Signal: Triggered when the price crosses below the upper Bollinger Band.
These signals help traders time entries and exits based on momentum shifts.
Risk/Reward Analysis:
Visual shading shows the favorable risk/reward zone between the stop loss and take profit levels.
Timeframe Suggestions
Short-Term Traders (Scalping):
Use on 5-minute to 15-minute charts.
Focus on high-volatility periods for quick entries and exits.
Intraday Traders:
Ideal for 30-minute to 1-hour charts.
Provides more stable signals and less noise.
Swing Traders:
Best suited for 4-hour or daily charts.
Captures broader trends with fewer signals, allowing for larger moves.
Tool Combination
Volume Profile:
Combine with volume-based tools to confirm key support/resistance zones around TP and SL levels.
Trend Indicators:
Use with Moving Averages (e.g., 20-period or 50-period) to identify the broader trend direction.
Example: Only take buy signals in an uptrend and sell signals in a downtrend.
Momentum Oscillators:
Pair with tools like RSI or MACD to avoid entering overbought/oversold conditions.
Support/Resistance Lines:
Manually mark significant levels to confirm alignment with the indicator’s TP and SL zones.
Useful Advice for Traders
Risk Management:
- Always assess the risk/reward ratio; aim for at least 1:2 (risking 1 to gain 2).
- Adjust the multiplier to match your trading style (e.g., higher multiplier for swing trades, lower for scalping).
Avoid Overtrading:
Use the indicator in conjunction with clear rules to avoid false signals during low-volatility periods.
Monitor market volatility:
Pay attention to narrowing Bollinger Bands, which signal consolidations. Avoid trading until a breakout occurs.
Test on Demo Accounts:
Practice using the indicator on a demo account to understand its behavior across different assets and timeframes.
Focus on High-Liquidity Markets:
For the best results, trade highly liquid instruments like major currency pairs, gold, or stock indices.
Summary
The Adaptive Range Indicator dynamically adjusts to market conditions, offering clear entry and exit levels. By combining it with Bollinger Bands and other tools, traders can better navigate market trends and avoid noise. It’s versatile across multiple timeframes and assets, making it a valuable addition to any trader’s toolkit.
Multifactor Buy/Sell Strategy V2 | RSI, MACD, ATR, EMA, Boll.BITGET:1INCHUSDT
This Pine Script code for TradingView is a multifactor Buy/Sell indicator that combines several technical factors to generate trading signals based on trend, volatility, and volume conditions. Here’s a breakdown of the main components and functionality:
Indicator Name
- Multifactor Buy/Sell Strategy V2 — an overlay indicator applied directly on the price chart.
### Input Parameters
The script includes multiple customizable parameters:
- RSI, EMA, MACD parameters — for setting periods and signals of MACD and RSI.
- ATR and Bollinger Bands — used for volatility analysis and level determination.
- Minimum Volatility Threshold — sets a minimum Bollinger Band width threshold for determining high volatility.
Core Indicators
1. RSI — calculated to identify oversold (below 30) and overbought (above 70) conditions.
2. EMA and MACD — calculates exponential moving averages and MACD histogram to determine trend direction.
3. ATR and Bollinger Bands — used to assess current volatility and establish dynamic upper and lower bands.
Volatility and Volume Analysis
- Determines the current ATR level and Bollinger Band width to evaluate high volatility.
- Calculates the volume moving average to track periods of increased volume during high volatility.
Trend Analysis
The script uses the difference between fast and slow EMAs to define strong trends:
- Uptrend — when the fast EMA is above the slow EMA, the price is above the fast EMA, and the trend is strong.
- Downtrend — when the fast EMA is below the slow EMA, the price is below the fast EMA, and the trend is strong.
Momentum Filter
- Based on the price change over the last three bars and compared against the minimum volatility threshold to identify strong momentum.
Buy and Sell Signal Generation
- Buy Signal: Uptrend with RSI oversold, positive MACD histogram, high volatility and volume, strong momentum, and sufficient Bollinger Band width.
- Sell Signal: Downtrend with RSI overbought, negative MACD histogram, high volatility and volume, strong momentum, and sufficient Bollinger Band width.
Visualization
- Buy and sell signals are displayed as green and red triangles on the chart.
- Plots for fast and slow EMAs, upper and lower bands, and Bollinger Bands.
Alerts
The script includes alert conditions for buy and sell signals, allowing notifications to be sent via email or mobile app.
Information Panel
A small table on the chart displays current volatility dataThis Pine Script code for TradingView is a multifactor Buy/Sell indicator that combines several technical factors to generate trading signals based on trend, volatility, and volume conditions. Here’s a breakdown of the main components and functionality:
Indicator Name
- Multifactor Buy/Sell Strategy V2 — an overlay indicator applied directly on the price chart.
Input Parameters
The script includes multiple customizable parameters:
- **RSI, EMA, MACD parameters** — for setting periods and signals of MACD and RSI.
- **ATR and Bollinger Bands** — used for volatility analysis and level determination.
- **Minimum Volatility Threshold** — sets a minimum Bollinger Band width threshold for determining high volatility.
Core Indicators
1. RSI — calculated to identify oversold (below 30) and overbought (above 70) conditions.
2. EMA and MACD — calculates exponential moving averages and MACD histogram to determine trend direction.
3. ATR and Bollinger Bands — used to assess current volatility and establish dynamic upper and lower bands.
Volatility and Volume Analysis
- Determines the current ATR level and Bollinger Band width to evaluate high volatility.
- Calculates the volume moving average to track periods of increased volume during high volatility.
Trend Analysis
The script uses the difference between fast and slow EMAs to define strong trends:
- Uptrend — when the fast EMA is above the slow EMA, the price is above the fast EMA, and the trend is strong.
- Downtrend — when the fast EMA is below the slow EMA, the price is below the fast EMA, and the trend is strong.
Momentum Filter
- Based on the price change over the last three bars and compared against the minimum volatility threshold to identify strong momentum.
Buy and Sell Signal Generation
- Buy Signal: Uptrend with RSI oversold, positive MACD histogram, high volatility and volume, strong momentum, and sufficient Bollinger Band width.
- Sell Signal: Downtrend with RSI overbought, negative MACD histogram, high volatility and volume, strong momentum, and sufficient Bollinger Band width.
Visualization
- Buy and sell signals are displayed as green and red triangles on the chart.
- Plots for fast and slow EMAs, upper and lower bands, and Bollinger Bands.
Alerts
The script includes alert conditions for buy and sell signals, allowing notifications to be sent via email or mobile app.
Information Panel
A small table on the chart displays current volatility
- Volatility Status — indicates high or low volatility.
- Bollinger Band Width — current width as a percentage.
- ATR Ratio — ratio of current ATR to long-term average ATR.
This script is suitable for trading in high-volatility conditions, combining multiple filters and factors to generate precise buy and sell signals.
E9 Bollinger RangeThe E9 Bollinger Range is a technical trading tool that leverages Bollinger Bands to track volatility and price deviations, along with additional trend filtering via EMAs.
The script visually enhances price action with a combination of trend-filtering EMAs, bar colouring for trend direction, signals to indicate potential buy and sell points based on price extension and engulfing patterns.
Here’s a breakdown of its key components:
Bollinger Bands: The strategy plots multiple Bollinger Band deviations to create different price levels. The furthest deviation bands act as warning signs for traders when price extends significantly, signaling potential overbought or oversold conditions.
Bar Colouring: Visual bar colouring is applied to clearly indicate trend direction: green bars for an uptrend and red bars for a downtrend.
EMA Filtering: Two EMAs (50 and 200) are used to help filter out false signals, giving traders a better sense of the underlying trend.
This combination of signals, visual elements, and trend filtering provides traders with a systematic approach to identifying price deviations and taking advantage of market corrections.
Brief History of Bollinger Bands
Bollinger Bands were developed by John Bollinger in the early 1980s as a tool to measure price volatility in financial markets. The bands consist of a moving average (typically 20 periods) with upper and lower bands placed two standard deviations away. These bands expand and contract based on market volatility, offering traders a visual representation of price extremes and potential reversal zones.
John Bollinger’s work revolutionized technical analysis by incorporating volatility into trend detection. His bands remain widely used across markets, including stocks, commodities, and cryptocurrencies. With the ability to highlight overbought and oversold conditions, Bollinger Bands have become a staple in many trading strategies.
Bollinger Band + Mid BandBollinger Band + Mid Band
This indicator combines the classic Bollinger Bands with enhanced customization options, allowing traders to fine-tune the settings according to their specific strategies.
Key Features:
Moving Average Flexibility: Choose between Simple Moving Average (SMA), Exponential Moving Average (EMA), or Weighted Moving Average (WMA) as the central basis for the Bollinger Bands. This flexibility allows you to align the indicator with your preferred method of trend analysis.
Dual Band Deviation: The indicator includes two sets of upper and lower bands based on different standard deviation multipliers. This helps you analyze both the tightness of price action and potential breakout zones.
Customizable Colors: The mid-band, upper bands, and lower bands can be fully customized in terms of color, allowing you to personalize the visual representation of the indicator on your charts.
Dynamic Transparency: The space between the outer Bollinger Bands can be filled with a customizable transparent color, making it easy to visualize price movements within the bands.
Alerts for Crossovers: Alerts are triggered whenever the price crosses above the upper band or below the lower band, giving you timely notifications of potential breakout or breakdown scenarios.
Overbought/Oversold Visualization: The background of the chart changes color when the price crosses above the upper band (indicating overbought conditions) or below the lower band (indicating oversold conditions), providing a visual cue to help you identify market extremes.
Labeling for Significant Events: Labels appear on the chart whenever the price crosses the upper or lower bands, helping you quickly identify key moments for further analysis.
This script is designed for traders who want to leverage Bollinger Bands in their technical analysis but require additional flexibility and customization options. Whether you're using it for trend analysis, volatility assessment, or identifying overbought and oversold conditions, this tool can be tailored to fit a wide variety of trading styles.
Usage:
Ideal for traders looking to enhance the standard Bollinger Bands with more dynamic and customizable features.
Suitable for any market, including stocks, forex, and cryptocurrencies.
Useful in identifying volatility squeezes, breakouts, and potential reversal points.
Hullinger Bands [AlgoAlpha]🎯 Introducing the Hullinger Bands Indicator ! 🎯
Maximize your trading precision with the Hullinger Bands , an advanced tool that combines the strengths of Hull Moving Averages and Bollinger Bands for a robust trading strategy. This indicator is designed to give traders clear and actionable signals, helping you identify trend changes and optimize entry and exit points with confidence.
✨ Key Features :
📊 Dual-Length Settings : Customize your main and TP signal lengths to fit your trading style.
🎯 Enhanced Band Accuracy : The indicator uses a modified standard deviation calculation for more reliable volatility measures.
🟢🔴 Color-Coded Signals : Easily spot bullish and bearish conditions with customizable color settings.
💡 Dynamic Alerts : Get notified for trend changes and TP signals with built-in alert conditions.
🚀 Quick Guide to Using Hullinger Bands
1. ⭐ Add the Indicator : Add the indicator to favorites by pressing the star icon. Adjust the settings to align with your trading preferences, such as length and multiplier values.
2. 🔍 Analyze Readings : Observe the color-coded bands for real-time insights into market conditions. When price is closer to the upper bands it suggests an overbought market and vice versa if price is closer to the lower bands. Price being above or below the basis can be a trend indicator.
3. 🔔 Set Alerts : Activate alerts for bullish/bearish trends and TP signals, ensuring you never miss a crucial market movement.
🔍 How It Works
The Hullinger Bands indicator calculates a central line (basis) using a simple moving average, while the upper and lower bands are derived from a modified standard deviation of price movements. Unlike the traditional Bollinger Bands, the standard deviation in the Hullinger bands uses the Hull Moving Average instead of the Simple Moving Average to calculate the average variance for standard deviation calculations, this give the modified standard deviation output "memory" and the bands can be observed expanding even after the price has started consolidating, this can identify when the trend has exhausted better as the distance between the price and the bands is more apparent. The color of the bands changes dynamically, based on the proximity of the closing price to the bands, providing instant visual cues for market sentiment. The indicator also plots TP signals when price crosses these bands, allowing traders to make informed decisions. Additionally, alerts are configured to notify you of crucial market shifts, ensuring you stay ahead of the curve.
Easy Strategy BuilderHello, I focused on making this indicator as user-friendly as possible while designing it. I avoided complex structures, and as a result, I believe I have created an indicator that everyone can easily use.
With the Strategy Builder indicator, you can automate the strategy you use and visualize signals on the chart. This allows you to scale your strategy and stay informed of new signals through alerts.
How it works?
Firstly, we need to determine the entry condition for the trade. For this, you have 15 different sources at your disposal.
1. Price
2. RSI
3. RSI MA
4. CCI
5. STOCH K
6. STOCH D
7. MA 1
8. MA 2
9. ATR
10. DMI+
11. DMI-
12. SUPERTREND
13. BB Lower
14. BB Middle
15. BB Upper
Using the relationship between these sources or with a key level, we can generate signals. There are 7 different conditions available to control this relationship.
1. > x is greater than y
2. > = x is greater than or equal to y
3. < x is less than y
4. ≤ x is less than or equal to y
5. = x is equal to y
6. Cross Up = x has crossed above y. One bar ago, x was less than y, now x is greater than y.
7. Cross Down = x has crossed below y. One bar ago, x was greater than y, now x is less than y.
Let’s make a few examples
1.
- Entry Condition: RSI crosses above RSI moving average.
- Exit Condition: RSI crosses below RSI moving average.
Let's use more than one condition together
2.
Entry Condition: rsi<30 ve rsi cross up rsi Ma
Exit Condition: Rsi>70 ve rsi cross down rsi Ma
Let's strengthen the signal by adding different indicators and price.
3.
Entry Condition: rsi<30 and price70 and price> bb middle and rsi cross down rsi ma
What if things go wrong? Let's add stop loss
4.
Entry Condition: rsi<30 and price70 and price> bb higher and rsi cross down rsi ma
Stoploss: %2
That's how simple it is to create a strategy. Need a more complex strategy? Feel free to contact me.
Important notes:
1. Avoid continuously triggered conditions.
Example:
Entry Condition: RSI > 0
2. Determine logical entry and exit conditions.
3. Avoid placing stop losses too close to entry points.
Multi Bollinger Bands with Over ZoneThis indicator is called "Multi Bollinger Bands with Over Zone". The indicator uses linear regression to calculate the regression line and standard deviation to calculate the upper and lower deviation lines. It also plots filled areas between the deviation lines to highlight overbought and oversold zones.
The indicator has several customizable inputs, including the length of the regression period, depth, and deviations used to calculate the deviation lines.
The regression line is plotted in green color with circle markers. The upper and lower deviation lines are plotted in blue and red colors, respectively. The area between the deviation lines is filled with light blue color for the overbought zone and light pink color for the oversold zone.
This indicator helps traders in identifying trends and potential price reversals. When the price is above the upper deviation line, it indicates a potential overbought zone, while when the price is below the lower deviation line, it indicates a potential oversold zone.
Please note that this indicator is only a tool for analysis and does not provide direct trading signals. It is important to combine this indicator with additional analysis and appropriate trading strategies.
Bollinger Band Alert with RSI Filter IndicatorThis code is for a technical analysis indicator called Bollinger Band Alert with RSI Filter. It uses two tools: Bollinger Bands and Relative Strength Index (RSI) to identify potential trading signals in the market.
Bollinger Bands are lines plotted two standard deviations away from a simple moving average of the price of a stock or asset. They help traders determine whether prices are high or low on a relative basis.
The RSI is a momentum indicator that measures the strength of recent price changes to evaluate whether an asset is overbought or oversold.
The code has some input parameters that a user can change, such as length and multiplier, which are used to calculate the Bollinger Bands, and upper and lower RSI levels to define the overbought and oversold zones.
The code then uses if statements to generate alerts if certain conditions are met. The alert condition is triggered if the close price of an asset crosses above or below the upper or lower Bollinger Bands, and if the RSI is either above or below the overbought or oversold threshold levels.
Finally, the code generates plots to visualize the Bollinger Bands and displays triangles above or below the bars indicating when to enter a long or short position based on the strategy's criteria.
Dual Bollinger Band Mean ReversionSimple but solid mean reversion indicator with sl and tp levels. Most of the code is based on the built in bollinger bands script. Designed for scalping 1-5 minute timeframes.
The indicator consists of two sets of bollinger bands.
Price has to close below the lower (fast) bollinger band, above the moving average of the (slower) bollinger band.
If price now closes above the lower (fast) bb, the indicator draws a label at the open of the next candle (which would be a potential entry point). Take profit becomes the upper bollinger band, stop loss the same distance below the open of the candle.
I've built in a simple backtesting function that calculates the potential win/loss-ratio. Loss and profit levels are 1:1. Exit strategy could be improved on.
Adjusting the lengths depending on the asset proves to be a good idea.
The slower bollinger bands can help to identify ranging markets and/or trends following regular bollinger bands theory.
Feel free to comment with any changes that you'd like to be made.
[Floride] 4 Layers of Bollinger Shadow
This is the indicator I named 4LBS. That means four layers of bollinger shadow.
This is an indicator that I made to see how far past prices could affect the future prices.
And I found some very interesting and beautiful things about it, and I wanted to share them with you, so I publish this indicator.
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Hello, nice to meet you all. my name as a trader is Floride.
First of all, I am not good at English, so there may be many grammatically incorrect sentences below.
I ask for your understanding in advance. Thanks for your understanding.
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What is it?
bollinger Bands usually has one moving average line. And there's two bands that uses same period value of standard deviation as the former MA. And this indicator, by the way, has a 4 shadow bands
that uses twice,three,four,five time the value of the MA's period.
Appearance -
This indicator has four layers, and there are also other layers between them.
You can turn on or off all the shadow layers.
Uses of Indicator and Examples
examples of actual use
1. market strongness diagnosis
-It seems all layers of shadow has some degree resist/support forces.
This indicator has the 4th layer - "L4". (indicated by red lines).
I saw emergence of volatility quite frequently when this last layer breaks through.
When price breaks through this area or line, shade appear on the L4 layer in red. and red cross appear on the that point. This is I called Marlin signal.
If you saw red color shadow in this indicator, then the market may have quite high volatility.
(of course, there's not 100%. Please be careful about this.)
But I've also checked in quite several markets. when this volatility emerges, then also that market seems to started to building quite directional power afterwards.
I mean, after the marlin signal, market tends to have bigger volatility, and tends to go one direction.
again, it's not 100%. but probability is quite high.
But maybe depending on the type of market you need some adjustment.
Recommended values are M2-1.618, M3-2.618
Or M2-1, M3-2. default value is M2-1.618, M3-2.618
and also, if prices breakthrough the channels, or layers, It tends to break through the at once, in first bar. In other words, if price don't break through the first or second candle, it's very likely that the price won't break through channel for the time being.
2. market weakness diagnosis
Usually, without external momentum, the price converges to the average value and does not deviate from the band. And if price fails to break through the most inner first layer-"L1 - the green channel", In that case, the market is usually assumed to be weak, or has low volatility.
- you can set alarms on tuna, marlin signal. and you don't have to watch chart all the time.
3. Signals
I put two signals in this indicator.
One has the name "Tuna," and the second has the name "Marlin."
As you can already tell from the name's feeling, tuna is a weaker signal and marlin is a stronger signal.
Actual example of a signal
1. Tuna signal
- When the tuna signal appears, you can guess that the current market is generally not weak. or has quite good directional force. or medium volatility.
Below is important.
- If a tuna signal appears, there is a possibility that a marlin will appear later.
- In my opinion, it might be wise not to have a position without a tuna signal.
- Almost all of the marlin signal appeared shortly after the tuna signal appeared.
2. Marlin signal
- When marlin signal appears, with a high probability, volatility can increase large.
- In the backtesting of the stock, in some cases, the market moved quite frequently in the direction of the marlin signal.
- The emergence of marlin can be seen as a pretty strong indication of the emergences of direction.
OB EmaCross + BBThis is my setup and the way I like to trade.
It is based in an EMA cross ( 9 x 21) and the Bollinger Bands without the central Moving Average.
I prefer to use the EMA cross in the middle of the bands.
It is also possible to activate "Colored Bars" to paint the candles according to the EMA cross: green if the candles are above both EMAs, white when at least one of them are in between EMAs and red if they are both below EMAs.
My operational works like this:
- Buy when price is above EMAs
- Sell when price is belos EMAs
Of course, I use BB to give me the direction of the trend and I only enter in a trade when the price is in the same trend of the BB.
I avoid trades when the bands are getting narrowed.
I hope you enjoy my indicator and let me know if you have any suggestion! ;)
K's Reversal Indicator IK's reversal indicator I is a special combination between Bollinger bands and the MACD oscillator. It is a contrarian indicator that depends on the following conditions:
• A buy signal is generated whenever the current market price is below the 100-period lower Bollinger band while simultaneously, the MACD value must be above its signal line. At the same time, the previous MACD value must be below its previous signal line.
• A sell (short) signal is generated whenever the current market price is above the 100-period upper Bollinger band while simultaneously, the MACD value must be below its signal line. At the same time, the previous MACD value must be above its previous signal line.
The way to use K's reversal indicator is to combine it with your already long/short bias in a sideways/range market in order to maximize the probability of success.
Limitations of the indicator include the following:
• There are no clear exit rules that work well on average across the markets. Even though K’s reversal indicator gives contrarian signals, it does not show when to exit the positions.
• As with other indicators, it underperforms on some markets and is not to be used everywhere.
• False signals tend to occur during trending markets but there is no proven way to detect a false signal.
Percentile Major Move Indicator This indicator is a powerful tool for understanding how big of a move a product, crypto, or currency has recently had.
Anything inside of the green bars is a standard move with a 68% chance of happening based on your chart timeframe.
Any move that touches the red lines to the upside or downside has a 2%+ chance of happening in either direction.
This is a powerful indicator but just one point of data and should be used as such.
OGT Bollinger Bands Trend IndicatorWhat Is The OGT Bollinger Bands Trend Indicator?
This indicator is a pullback trend trading indicator which uses the following indicators:
- 200 EMA - Long Term Trend Direction
- 30, 35, 40, 45, 50, 60 EMAs - Shorter Term Trend Direction
- Bollinger Bands - Pullback / Entry Signal
How Are Signals Generated?
Buy
- Price above the 200 EMA
- Price touches lower BB with shorter term EMAs all aligned (not crossed)
- Indicator waits for price to close above midpoint BB with shorter term EMAs all still aligned (not crossed)
Sell
- Price below the 200 EMA
- Price touches upper BB with shorter term EMAs all aligned (not crossed)
- Indicator waits for price to close above midpoint BB with shorter term EMAs all still aligned (not crossed)
Alerts function built in, input settings customisable to show/not show indicators and change colours.
Beacon - Anthony Crudele's IndicatorBeacon uses the current volatility of the market based on your trading time frame to determine support and resistance levels, whether a trend is intact or ready to revert back in the range. One of the most difficult things I went through as a trader was determining whether we are in a trend day or if we are in grind up or grind down mode. I created Beacon to give me a simple look at the market to determine what type of environment we are in. I use Bollinger Bands (3 standard deviation) to determine the volatility cycle. Once the BB make peaks I took my Fibonacci Retracement tool and did a retracement from the peak high of the BB to the peak low. I use 70%, 50% and 30% for my support and resistance levels. I use those levels because I tested pretty much every percent level and those percentages averaged the highest performance on all tick charts and time charts. You can use Beacon on whatever time frame or tick chart you are trading on and it will determine that specific volatility cycle.
MXKE | Swing Trader AssistIntroduction
Swing Trader Assist indicator is designed to assist in the systematic identification of Hammers & Lookback signals within Uptrending markets, Stars & Lookback signals within Downtrending markets, and Mean Reversion signals within Sideways markets. The trader must first identify a strong market trend, then apply the indicator. Application of the indicator to weak trends will render equally weak signals. Application of the indicator to strong trends will render equally strong signals. Identification of strong trends is the responsibility of the individual trader and is instrumental to the successful deployment of this indicator and accompanying trading plan.
*Please comment below to request access*
*Please share with me on Twitter your usage and/or ideas for improvement so that I may improve this indicator in the future*
Market Types
Uptrend: Higher highs + Higher lows
Downtrend: Lower highs + Lower lows
Sideways: Higher highs + Lower lows (Expanding Range) or Lower highs + Higher lows (Narrowing Range)
Position Sizing
1R = .25%-2% of total nominal capital dependent upon timeframe and risk appetite
Order Types
Entry: Buy Stop 1 tick above High of “Up” Signal Bars; Sell Stop 1 tick below Low of “Down” Signal Bars
Stop: Bar Close <= 1 tick below Low of “Up” Signal Bar; Bar Close >= 1 tick above High of “Down” Signal Bar
Profit Target: 1.5R distance from “Up” or “Down” fill level with the option to trail stop on each new swing high/low; Bollinger Band Midline minimum 1.5R distance from “Sideways” fill level with option to trail stop on continuation to the opposite end of the range (opposite Bollinger Band)
Trading Plan
❑ Market Type is clearly identifiable as Up, Down or Sideways
❑ Swing Trader Assist indicator is set to the corresponding Market Type: Up, Down or Sideways
❑ Position size is no more than .25%-2% of total nominal capital (based on distance from Signal Bar fill level to Signal Bar stop level as 1R)
❑ Distance from Signal Bar fill level to potential Profit Target is minimum 1.5R
❑ On Hammer or Star fill: close position into trend extension at 1.5R+ or adjust trailing stop on each new swing high/low
❑ On Mean Reversion fill: close position at midline or adjust trailing stop on each continuation to opposite end of range
Usage Notes
The indicator will display developing signals intrabar and it is therefore suggested to wait until bar close to act on any signals. “Autodetect” setting under “Market Type” is currently in beta mode. While it is designed to reveal only relevant signals within strong trends based on a series of EMAs, this setting has not been extensively tested. Use with caution.
The indicator is not meant to be a mechanical trading system. It is designed to assist the trader in objectively and systematically identifying signal bars during the execution of the below swing trading plan. It is up to the trader to determine if overall price action warrants acting upon the signal bars or not.
Case Studies
Calendar's Bollinger BandsHI guys, I'm Calendar
I made my 2nd indicator for my followers.
This indicator made by merging 2 Bollinger Bands.(SDV =1, 2)
Bollinger Band Open Gap Alert V1This is the bare bones of what I'm trying to achieve through pine script. The purpose of the script is to:
1. On a 15m chart, calculate and plot upper & lower Bollinger bands and simple moving average of 20 periods. (DONE)
2. On a new day, when the first 15m candle of a session forms, I want to check if a) the low of the new candle is outside the upper Bollinger band (also known as an open gap up) or b) if the high of the candle is the outside the lower Bollinger band (also known as open gap down). In other words, I want to know if the Bollinger Bands are not touching the new candle's wicks/shadows. (DONE)
3. Alert me if the above happens. (DONE)
4. Run the indicator through an entire watch list. I'm not sure if that's possible, yet. (HELP)
For the above job, this is what I could come up with. I need guidance for the last step . And any suggestions for corrections or improvements would be greatly appreciated!
RSI+BOLLINGER (LONG & SHORT)This indicator combines two of the most popular tools in technical analysis, the Relative Strength Index (RSI) and Bollinger Bands (BB), to generate both long (BUY) and short (SELL) trading signals.
Strategy:
Entries (Buy/Short): Entry signals are based on the RSI.
A BUY is suggested when the RSI crosses above an oversold level (default: 29), indicating a possible upward reversal.
A SHORT is suggested when the RSI crosses below an overbought level (default: 71), indicating a possible downward reversal.
Exits (Position Closure): Exit signals are based on Bollinger Bands.
A long position is closed when the price crosses below the upper Bollinger Band.
A short position is closed when the price crosses above the lower Bollinger Band.
Key Features:
Cascade Filter: Includes a smart filter that prevents opening new consecutive trades if the price hasn't moved significantly in favor of a new entry, optimizing signal quality.
Automation Alerts: Generates detailed alerts in JSON format for each event (buy, sell, close), designed for easy integration with trading bots and automated systems via webhooks.
Fully Configurable: All parameters of the RSI, Bollinger Bands, and strategy filters can be adjusted from the indicator’s settings menu.
[DIP] Double Bollinger BandClassic Bollinger Bands based off of the SMA. Allowing choice between the 2nd and 3rd standard deviation or showing both. By default it is colored such that the 2nd deviation jumps out more while the 3rd deviation lurks in the background for the sake of clarity. For those who are not just satisfied with 2 OR 3 standard deviations, you can now have both.
All deviations have default cross-over and cross-under alerts for easy access, no more messing with which line is which although that is certainly still possible.
Includes a default for "Any alert() function call" condition, if you enable this alert it will trigger for any of the alert conditions when met, this allows you to use one alert instead of 6. The alert will include a message identifying which alert it is, especially useful for watchlist wide alerts.
