OPEN-SOURCE SCRIPT
Crypto Trading with Gaussian Channel Hariss 369
This indicator uses a Gaussian Channel to identify volatility-based breakouts and a custom Relative Volume (RVOL) filter to confirm momentum. The Gaussian Channel smooths price using a multi-stage EMA process, creating adaptive upper and lower bands. When price closes above the upper band with strong volume (RVOL > 1.5), it signals bullish expansion. When price closes below the lower band with high RVOL, it indicates bearish momentum.
The tool also plots buy and sell labels based on these breakouts, helping traders visually track trend acceleration. This indicator works well in trending markets, breakout conditions and intraday crypto pairs where volume is a key driver.
In the input section choose current time frame to "Chart" and Higher Time Frame eg. 15m/1h etc. This indicator works well in higher time frame eg. Current Time Frame "1h" and Higher Time Frame "4H".
The middle band can be used as stop loss/to exit trade. However, one can exit the trade with suitable profit.
One can use it for any class of asset and any time frame. If you do not want higher time frame to be considered, choose both current and higher time frame to "Chart" only.
This tool is designed for educational/trading-assist purposes and does not guarantee profits
The tool also plots buy and sell labels based on these breakouts, helping traders visually track trend acceleration. This indicator works well in trending markets, breakout conditions and intraday crypto pairs where volume is a key driver.
In the input section choose current time frame to "Chart" and Higher Time Frame eg. 15m/1h etc. This indicator works well in higher time frame eg. Current Time Frame "1h" and Higher Time Frame "4H".
The middle band can be used as stop loss/to exit trade. However, one can exit the trade with suitable profit.
One can use it for any class of asset and any time frame. If you do not want higher time frame to be considered, choose both current and higher time frame to "Chart" only.
This tool is designed for educational/trading-assist purposes and does not guarantee profits
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.
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.
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.