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
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//
// @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")

The name alone has me sold.. Veroot.

Another Volatility Indicator (finder)

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

Mr.Vervoort has multiple smoothed variations :)
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LazyBear PRO QuantitativeExhaustion
yw :)
Reply
Thanks for the indicator education.
Reply
LazyBear PRO MarvinMartian
yw :)
Reply
An excellent tool to have access too...thanks @LazyBear
Reply
YW
Reply
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
Yup. Will PM.
Reply
jonesesp jonesesp
Hi! have you had any time to check this out? TY
Reply
Here you go.

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

snapshot
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