loxx

Bermaui Variety Averages Bands [Loxx]

loxx Updated   
Bermaui Variety Averages Bands is a reverse Bollinger Bands indicator with Loxx's Variety Moving Averages and Loxx's Expanded Source Types.

What are Bermaui Bands?
Bermaui Bands (BB) is a technical analysis tool that help filter between ranging and trending price movements. A buy signal is made when price crosses above the upper band, a sell signal is made when price crosses below the bottom band. The idea is when the bands are far apart, this is low volatility; when the bands are close together, this is high volatility.

Included
  • Loxx's Expanded Source Types
  • Loxx's Moving Averages
  • Alerts
  • Signals
Release Notes:
  • Added background markings to better see signals.
  • Added continuation longs/shorts to increase signal volume. This addition adds a lot of noise so by default these continuation signals are not shown. This is for advanced users.

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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