OPEN-SOURCE SCRIPT
Trendy Bands + Reversal Signals
Trendy Bands + Reversal Signals
This is a versatile and powerful TradingView indicator that combines a dual Bollinger Bands system with momentum-based reversal signals. It's designed to help traders identify the prevailing trend, potential volatility expansions/contractions, and key reversal points in the market.
Core Concept: The indicator uses two sets of Bollinger Bands with different standard deviation settings to create a "band within a band" structure. This visual setup makes it easier to gauge trend strength and spot potential breakouts or breakdowns. Additionally, it calculates a custom momentum oscillator to generate early warnings for potential trend reversals.
This is a versatile and powerful TradingView indicator that combines a dual Bollinger Bands system with momentum-based reversal signals. It's designed to help traders identify the prevailing trend, potential volatility expansions/contractions, and key reversal points in the market.
Core Concept: The indicator uses two sets of Bollinger Bands with different standard deviation settings to create a "band within a band" structure. This visual setup makes it easier to gauge trend strength and spot potential breakouts or breakdowns. Additionally, it calculates a custom momentum oscillator to generate early warnings for potential trend reversals.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Site: nasalgotrading.com/
Youtube: youtube.com/@NasAlgo
Twitter: x.com/NASAlgo
Group: facebook.com/groups/514453124166240
Discord: discord.com/invite/e2BKh6NcRF
Youtube: youtube.com/@NasAlgo
Twitter: x.com/NASAlgo
Group: facebook.com/groups/514453124166240
Discord: discord.com/invite/e2BKh6NcRF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Site: nasalgotrading.com/
Youtube: youtube.com/@NasAlgo
Twitter: x.com/NASAlgo
Group: facebook.com/groups/514453124166240
Discord: discord.com/invite/e2BKh6NcRF
Youtube: youtube.com/@NasAlgo
Twitter: x.com/NASAlgo
Group: facebook.com/groups/514453124166240
Discord: discord.com/invite/e2BKh6NcRF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.