PROTECTED SOURCE SCRIPT
Updated LuauDesign's Price Bands v1
I wanted to make an indicator that behaved similarly to Parallel Channels. This is what I currently have.
Blue Channel for uptrend. Red Channel for downtrend. Both for ranges.
Recommended periods are powers of two (16, 32, 64, 128, 256), which should be adjusted according to volatility.
There's a alternate version of this same code that shows an Oscillator instead. Less clutter if you're using more than one at once.
Blue Channel for uptrend. Red Channel for downtrend. Both for ranges.
Recommended periods are powers of two (16, 32, 64, 128, 256), which should be adjusted according to volatility.
There's a alternate version of this same code that shows an Oscillator instead. Less clutter if you're using more than one at once.
Release Notes
Better colors and better preview image.Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.