Lbr — Indicators and Strategies

Linda Bradford Redford 3-10 Oscillator Enhanced LBR Momentum LBR 3-10 Oscillator – Enhanced (Linda Raschke Momentum) Popularized by Linda Bradford Raschke since the 1980s, the 3-10 oscillator is a fast momentum tool that measures the difference between a 3-period and a 10-period simple moving average of price (plus a 16-period signal line of that difference). It is essentially a simple-moving-average version of the MACD and is widely used for short-term momentum shifts and trend changes, especially in futures and intraday trading. This enhanced open-source version adds: Custom MA type (SMA/EMA/WMA) for all lines (default = SMA to stay true to the original). Colored histogram that shows momentum strength: strong bull (bright lime), weak bull (pale green), strong bear (maroon), weak bear (red). Momentum “hooks” – tiny dots on the fast line that mark changes in direction (potential short-term exhaustion). Simple adjacent-bar divergence labels (bullish/bearish) for visual reference. Overbought/oversold levels and full alert suite. How to read it Fast line (blue/purple) = raw momentum. Crosses of the thick red signal line = momentum shifts. Zero-line cross = trend confirmation. Histogram color & height = conviction of the move. Hooks = possible short-term turns. Divergence labels = possible weakening of momentum (use with price action). How to use Works on any timeframe and asset. Best results on liquid instruments (futures, forex majors, large-cap stocks). Adjust MA type or lengths for different market conditions. The raw oscillator scale varies with price/volatility, so tune the OB/OS levels to the chart you are trading. This script does not contain any backtesting, performance claims, or mechanical trading rules. It is a visual momentum tool only. Always combine with price action, support/resistance, and your own risk management. The code is fully open-source so you can study or modify it. Inspired by Raschke’s original concept and many community implementations, but the visual enhancements (strength-based histogram coloring, hooks, and divergence labels) are unique to this version.

LBR-Volatility Breakout Bars The originator of this script is Linda Raschke of LBR Group. This Pine Script code is the version 5 of LBR Paintbars for TradingView, called "LBR-Bars." It was originally coded for TradingView in version 3 by LazyBear. It is a complex indicator that combines various features such as coloring bars based on different conditions, displaying Keltner channels, and showing volatility lines. Let me break down the key components and explain how it works: 1. Inputs Section: This section defines various input parameters that users can adjust when adding the indicator to their charts. These parameters allow users to customize the behavior and appearance of the indicator. Here are some of the key input parameters: - Users can control whether to color bars under different conditions. For example, they can choose to color LBR bars, color bars above/below Kelts, or color non-LBR bars. - Users can choose whether to show volatility lines or shade Keltner channels' area with the Mid being the moving average on the chart. - In the calculation of Keltner channels, users can set the length of the moving average that the Keltner channels use as the mid and then set the Keltner multiplier. If users want to use "True Range" to determine calculations, they can turn it on or off; it defaults to off. - Users can change the calculation of volatility lines and set the length for finding the lowest and highest prices. The user sets the ATR length and multiplier for the ATR. 2. Calculation Section: This section defines the calculation of the upper and lower standard deviation bands based on the input parameters. It uses Exponential Moving Averages (EMAs) and optionally True Range to calculate these bands if turned on. These bands are used in the Keltner channel calculation. 3. Keltner Channel Section: This section calculates the upper, middle, and lower lines of the Keltner channels. It also plots these lines on the chart. The colors and visibility of these lines are controlled by user inputs. 4. Volatility Lines Section: This section calculates the upper and lower volatility lines based on the lowest and highest prices over a specified period and the ATR. It also checks whether the current close price is above or below these lines accordingly. The colors and visibility of these lines are controlled by user inputs. 5. Bar Colors Section: This section determines the color of the bars on the chart based on various conditions. It checks whether the current bar meets conditions like being an LBR bar, being above or below volatility lines, or being in "No Man's Land." The color of the bars is set accordingly based on user inputs. This Pine Script creates an indicator that provides visual cues on the chart based on Keltner channels, volatility lines, and other customizable conditions. Users can adjust the input parameters to tailor the indicator's behavior and appearance to their trading preferences.

LBR 3-10 Oscillator This is a variation of MACD popularised by Linda Bradford Raschke. Instead of the regular MACD settings, the this indicator uses simple moving averages, not exponential moving averages, and a setting of 3 for the fast MA, 10 for the slow MA and 16 for the signal line. The signal line (red) acts as a trend indicator, with crossings of the zero line indicating trend changes, while the MACD line (blue) acts as a short term momentum indicator. Setups: - First cross: This is basically selling or buying at the first pullback after a trend change. Buy or sell after the signal line has crossed the zero line and the MACD crosses the signal line for the first time after the trend change. Use price action to time the entry after the pullback — you don't need to wait for the MACD to cross the signal line again. - Pullback in a trend: The MACD crosses the signal line in the opposite direction of the trend irregardless of when the trend change occurred. Use price action to time the entry. - Divergence: The MACD line shows a pattern diverging form price (e.g. makes higher lows whereas price makes lower lows). This can be an indication of trend reversal or waning. In the indicator's input panel there is an option for showing standard deviation bands (turned off by default). MACD line crossing the standard deviation bands can indicate oversold and overbought conditions. The indicator comes with the following alerts: - First cross downtrend - First cross uptrend - Pullback in downtrend - Pullback in uptrend - Trend change down - Trend change up Sources: lindaraschke.net www.netpicks.com

LBR Oscillator Oscillator used by Linda Bradford Raschke. Basicly it's a MACD with 3/10/16 settings but without the histogram (difference between fast and slow line), instead the shown histogram is based on the fastline (green bars = fastline above zero). The color of the lines will tell you if the line is falling (red) or rising (green). In terms of setups dont just buy or sell if a line is changing its color. Look for divergences or setups like first cross or anti.