LazyBear

Vervoort Smoothed %b [LazyBear]

As we know, %b is a measure of where prices are in relation to the outer Bollinger bands and therefore strongly related to volatility. This can get choppy, though.

Vervoort smoothed this using Zero lag TEMA of custom Heiken-ashi recalculated prices. According to Vervoort, "Smoothed Vervoort %b is often a leading indicator making smooth moves with clear turning points. Normal and hidden divergent moves make it an ideal tool to help find entry and exit points while watching price moving between the Bollinger bands ."

More info:
https://drive.google.com/file/d/0Bx48Du_2aPFnMFdYLXVHRXZPek0/edit?usp=sharing

List of my other indicators:
- Chart:
Master Index: List of all my indicators

- GDoc: https://docs.google.com/document/d/15AGCufJZ8CIUvwFJ9W-IKns88gkWOKBCvByMEvm5MLo/edit?usp=sharing
Remove from Favorite Scripts Add to Favorite Scripts
//
// @author LazyBear 
// List of all my indicators: 
// https://docs.google.com/document/d/15AGCufJZ8CIUvwFJ9W-IKns88gkWOKBCvByMEvm5MLo/edit?usp=sharing
//
study("Vervoort Modified BB%b [LazyBear]", shorttitle="VMBB%b_LB")
calc_tema(s, length) =>
    ema1 = ema(s, length)
    ema2 = ema(ema1, length)
    ema3 = ema(ema2, length)
    3 * (ema1 - ema2) + ema3

length=input(18, minval=2, maxval=100, title="%B Length")
temaLength=input(8, title="TEMA Length")
stdevHigh=input(1.6, title="Stdev High")
stdevLow=input(1.6, title="Stdev Low")
stdevLength=input(200, title="Stdev Length")
haOpen=(ohlc4[1]+nz(haOpen[1]))/2
haC=(ohlc4+haOpen+max(high, haOpen)+min(low, haOpen))/4

tma1 = calc_tema(haC,temaLength)
tma2 = calc_tema(tma1, temaLength)
diff = tma1-tma2
zlha = tma1+diff
percb = (calc_tema(zlha,temaLength)+2*stdev(calc_tema(zlha,temaLength),length) - wma(calc_tema(zlha,temaLength),length))/(4*stdev(calc_tema(zlha,temaLength),length))*100

ub=50+stdevHigh*stdev(percb,stdevLength)
lb=50-stdevLow*stdev(percb,stdevLength)
ul=plot(ub, color=red, title="Stdev+")
ll=plot(lb, color=green, title="Stdev-")
plot((ub+lb)/2, color=blue, style=3, title="Stdev Mid")
fill(ul, ll, red)
plot(percb, linewidth=2, color=maroon, title="SVE %b")

List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

The name alone has me sold.. Veroot.

Another Volatility Indicator (finder)

Thanks again
Reply
ChartArt QuantitativeExhaustion
2 years ago
- Vervoort Smoothed Oscillator
Indicator: Vervoort Smoothed Oscillator [LazyBear]
+1 Reply
ChartArt ChartArt
2 years ago
"This is Mr. Sylvian Vervoort's take on improving some well-known indicators (%B and Stoch) using smoothing techniques. "
Reply
LazyBear PRO ChartArt
2 years ago
That Smoothed Oscillator is a combination of %b on Rainbow and Stoch.

Mr.Vervoort has multiple smoothed variations :)
Reply
LazyBear PRO QuantitativeExhaustion
2 years ago
yw :)
Reply
MarvinMartian
2 years ago
Thanks for the indicator education.
Reply
LazyBear PRO MarvinMartian
2 years ago
yw :)
Reply
jonesesp PRO
2 years ago
An excellent tool to have access too...thanks @LazyBear
Reply
LazyBear PRO jonesesp
2 years ago
YW
Reply
jonesesp PRO
2 years ago
Is it possible to create multiple time-frame option with this indicator...like the good work @ChrisMoody is doing? So, if we are looking at the 15 min but the indicator can be set to display a higher TF such as the 1H or 4H....
Reply
LazyBear PRO jonesesp
2 years ago
Yup. Will PM.
Reply
jonesesp PRO jonesesp
2 years ago
Hi! have you had any time to check this out? TY
Reply
LazyBear PRO jonesesp
2 years ago
Here you go.

MTF source: http://pastebin.com/R7LihXPD

snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out