VWAP Combo: Bands + MACD + Volume + AlertsBands: These are dynamic bands using a 20-period standard deviation and 1.5× width by default. Adjust lookback or bandMultiplier to tighten or widen.
Candle Colors: Green = MACD bullish, Red = bearish.
Volume Spike: Orange triangle when volume > 1.5× average.
Alerts: Fire on breakout, bounce, or combo confirmation.
Search in scripts for "bands"
Bands Bands (BanB)This indicator uses bands to show the trend of other bands.
The middle bands are used to show the price trend and the other bands are for the middle bands.
The Spike and Plunge bands can also act as a sort of "Bollinger Bands" for middle bands, though not exactly.
----- HOW TO USE IT -----
Zoom out in the 30 minute chart. Use 15 minute chart to pinpoint your entries.
Use with price-action trading and with indicators showing overbought & oversold levels.
The numbers below correlate with the numbers in the chart.
1) Price hits the Middle Spike line. The "ARL" bands hit the Bottom Spike line. This is a good indication that price will proceed under the Bottom Spike line.
2) Price hits the Bottom Plunge line. The "ARL" bands hit the Middle Plunge line. This is a good indication that price will proceed above the Middle Plunge line.
3) Notice how price spikes up near the Spike lines but doesn't touch. Notice how the Plunge lines have a strong pull downwards. This shows a continued down trend.
4) The same pattern as numbers 2 & 3 reoccur. This time, however, the proceeding price spike is substantially lower.
5) The price and middle bands finally bounce off the Top Plunge line and starts to get closer to the Spike bands.
6) Price and middle bands finally touch the Bottom Spike line and the Spike Bands and the Plunge Bands come closer together.
7) Narrowing Spike and Plunge Bands show a sideways market. Notice number 1, the bands are far apart -- more volatility is present.
Middle Bands:
The bottom, blue lines are fairly accurate dip-rebounds on the 30 minute chart. Use level indicators to find reversing trends (e.g., RSI, Stoch, etc.).
Price action hovering in between the blue lines and around the center indicate a low volatility market or a consolidating market.
----- HOW THIS INDICATOR IS ORIGINAL; WHAT IT DOES AND HOW IT DOES IT -----
This indicator has an original, unique ability to view the trend of bands in a substantially larger overview when zoomed out.
Normally, one would have to switch to higher time frames to get a sense of a larger market trend.
However, doing so will change any bands indicator to accommodate the new price action in relation to the new time frame.
To avoid this, the middle bands are placed in between two bands to see the trend of the bands that show the trend of price action.
----- VERSION -----
The "ARL Bands" in this indicator are NOT the same as the "ARL Bands" indicator.
They are "ARLs" set in an entirely different context, format, and amount and so does not constitute as a different version of "ARL Bands".
The "ARL Bands" indicator only has 4 lines and can be adjusted to any level. They are mainly focused on rebounds at desired levels.
The 13 "ARLs" here cannot be adjusted and are mainly focused on anticipating/calculating probabilities of peak and dip rebounds.
If any discrepancy should arise, let it be stated here that the "ARLs" in this indicator are considered to be a forked codebase to conserve the functionality of "ARL Bands".
This is proven by the differences described underneath "VERSION", which is located 7 lines above.
Foxy's Acceleration BandsFoxy's Acceleration Bands is a dynamic technical indicator designed to help traders identify potential support and resistance levels using logarithmic regression and adaptable moving averages. By plotting bands around price movements, this indicator offers insights into potential zones where price acceleration, resistance, and support might occur.
How to Use:
Apply the "Foxy's Acceleration Bands" indicator to your TradingView chart.
Customize the indicator parameters as per your requirements:
factor: Adjust the sensitivity of the bands.
length: Set the length for moving averages and regression calculations.
mult: Modify the multiplier for upper bands.
Show Middle Bands: Toggle the display of middle bands.
Show Upper Bands: Toggle the display of upper bands.
Band MA Type: Choose the moving average type for the bands.
Middle MA Type: Select the moving average type for the central band.
Draw Prediction: Enable prediction lines for potential future price trends.
Prediction Slope Type: Choose between a fixed or dynamic slope length for prediction lines.
Fixed Slope Length: Set the slope length for prediction lines (if enabled).
Interpretation:
Upper Bands: The red upper bands indicate potential resistance zones where price acceleration might occur.
Middle Bands: The orange central band provides insights into the prevailing price trend.
Lower Bands: The green lower bands suggest potential support zones where price deceleration might happen.
Prediction Lines: If enabled, dotted lines visualize potential future price trends based on historical data.
Important Note: Foxy's Acceleration Bands is designed to assist traders in identifying potential support and resistance zones. Always complement its insights with other analysis techniques and prudent risk management strategies.
Customizable 52 Week High & Range BandsTitle: Customizable 52 Week High & Range Bands Indicator
Description:
The "Customizable 52 Week High & Range Bands" indicator is a novel tool designed for traders and investors who seek to gain insights into an asset's long-term performance while simultaneously identifying potential support and resistance levels through customizable percentage-based range bands.
Key Features:
52-Week High Visualization: At its core, this indicator pinpoints the highest price reached by an asset over the past 52 weeks, offering a clear view of its peak performance in the yearly window.
Adjustable Range Bands: Unlike fixed indicators, this tool allows users to set a custom percentage above and below the 52-week high to create upper and lower range bands. These bands are invaluable for traders looking to gauge potential breakout or pullback zones relative to historical highs.
Strategic Decision-Making: By adjusting the range bands, users can tailor the indicator to match their trading style, whether it be conservative or aggressive, making it a versatile addition to any trading strategy.
How to Use:
Customize the Percentage: Begin by setting your desired percentage for the range bands through the indicator settings. This will adjust the upper and lower bands to encapsulate the range you're interested in monitoring.
Analyze the Bands: The 52-week high and its corresponding range bands are plotted directly on the chart, offering immediate visual cues. Look for price actions that approach or breach these bands to identify potential trading opportunities.
Incorporate into Your Strategy: Use the information provided by the indicator in conjunction with other analysis tools or indicators to refine your trading decisions and strategies.
This indicator stands out by providing not just a static view of the past year's performance but a dynamic tool that can be customized to fit the individual trader's needs, making it a valuable addition to the TradingView Community.
Jumbalika BandsThis indicator is designed using several common technical analysis tools: Bollinger Bands, Exponential Moving Averages (EMAs), and the Parabolic SAR. I'll walk you through each section to explain how it works and how you can use it:
1. Bollinger Bands
Bollinger Bands are used to measure volatility and overbought/oversold conditions. It consists of three lines:
Basis (Middle Line): A simple moving average (SMA) of the price over a defined period (in this case, 20 periods).
Upper Band: The basis plus a certain number of standard deviations. It represents the upper boundary of expected price movement.
Lower Band: The basis minus the same number of standard deviations. It represents the lower boundary of expected price movement.
Interpretation:
Overbought: If the price moves above the upper band, it could signal that the asset is overbought.
Oversold: If the price moves below the lower band, it could signal that the asset is oversold.
Volatility: A wider band indicates higher volatility, and a narrower band indicates lower volatility.
2. Exponential Moving Averages (EMAs)
The indicator plots four different EMAs:
9-period EMA: This is a short-term trend indicator.
20-period EMA on Close: This is another medium-term trend indicator, based on the close price.
20-period EMA on High: A variation of the 20-period EMA, but based on the high prices.
20-period EMA on Low: A variation of the 20-period EMA, but based on the low prices.
Interpretation:
9 EMA: A faster-moving average that responds quicker to price changes. It can be used to identify short-term trends.
20 EMA: A slower-moving average that reacts more gradually to price changes. It helps identify the broader trend.
High/Low EMAs: These give additional insights into the extremes of price action, which can help identify possible support or resistance levels.
Trading signals (common usage):
Crossover: When a shorter EMA (like the 9 EMA) crosses above a longer EMA (like the 20 EMA), it could be a bullish signal. When it crosses below, it could be a bearish signal.
3. Parabolic SAR
The Parabolic SAR is a trend-following indicator that is used to identify potential price reversals. The Parabolic SAR is plotted as a series of dots either above or below the price, depending on the trend:
Below the price: The trend is up (bullish).
Above the price: The trend is down (bearish)
4. Background Coloring (Optional)
The background will change color when the price crosses the Bollinger Bands:
Green background when the price is above the upper Bollinger Band.
Red background when the price is below the lower Bollinger Band.
Adjust the values for Bollinger Bands, EMAs, and Parabolic SAR directly in the indicator settings to suit your trading preferences.
Bollinger Bands: If the price is above the upper band, it might indicate an overbought condition, while if it's below the lower band, it might indicate an oversold condition.
EMAs: The 9 EMA is often used to track short-term trends, while the 20-period EMAs (on the close, high, and low) help analyze the broader market trend.
Parabolic SAR: The Parabolic SAR is often used to identify trend reversals. If the SAR is below the price, the trend is up, and if it's above the price, the trend is down.
Background Color: The background coloring helps visually highlight potential market conditions when the price breaks out of the Bollinger Bands.
Example Use Case:
Decide the trend based on the parabolic SAR, when the bar touches the upper or lower Bollinger take a short or long position based on the price action using EMAs.
Bollinger Bands CustomThe indicator is a customized version of Bollinger Bands with added trading signals. This indicator is designed to help traders identify potential entry (buy) and exit (sell) points based on the interaction between the price and the Bollinger Bands. Below, I will explain in detail its purpose, how it works, and how to use it.
Purpose of the Indicator
The main purpose of this indicator is:
Identify market volatility: Bollinger Bands expand and contract based on price volatility.
Provide trading signals: The indicator generates buy signals (BUY) when the price crosses the lower band and sell signals (SELL) when the price crosses the upper band.
Help identify dynamic support and resistance levels: The upper and lower bands act as dynamic resistance and support levels.
How the Indicator Works
The indicator is based on three main components:
Moving Average (SMA): It calculates the simple moving average (SMA) of the price over a specified period (length).
Bollinger Bands:
The upper band is calculated as the moving average plus a standard deviation multiplied by a factor (mult).
The lower band is calculated as the moving average minus a standard deviation multiplied by the same factor.
Trading signals:
A BUY signal is generated when the price crosses above the lower band.
A SELL signal is generated when the price crosses below the upper band.
How to Use the Indicator
Here is a step-by-step guide on how to use the indicator on TradingView:
1. Add the Indicator to the Chart
Copy the Pine Script code you created.
Open TradingView and go to the Pine Editor.
Paste the code and click "Add to Chart."
The indicator will be displayed directly on the price chart.
2. Customize the Parameters
You can customize the following parameters:
Moving Average Length (length): Set the period for the moving average (default is 20).
Price Source (source): Choose the price to use (default is the closing price).
Standard Deviation Multiplier (mult): Set the multiplier for the standard deviation (default is 2.0).
3. Interpret the Signals
BUY Signal: When you see a "BUY" label below a candle, it means the price has crossed above the lower band. This could indicate a buying opportunity.
SELL Signal: When you see a "SELL" label above a candle, it means the price has crossed below the upper band. This could indicate a selling opportunity.
4. Use Bollinger Bands as Support and Resistance
If the price approaches the upper band, it might indicate a resistance level.
If the price approaches the lower band, it might indicate a support level.
5. Monitor the Colored Background
The chart background turns light green when there is a BUY signal and light red when there is a SELL signal. This helps you quickly identify signals.
Practical Example
Suppose you are analyzing a daily chart of a stock or cryptocurrency:
If the price crosses above the lower band, the indicator will show a "BUY" label. You might consider this as a signal to open a long position.
If the price crosses below the upper band, the indicator will show a "SELL" label. You might consider this as a signal to close a long position or open a short position.
Limitations and Considerations
False signals: In range-bound markets, Bollinger Bands can generate many false signals. It is advisable to use this indicator in combination with other technical analysis tools.
Extreme volatility: During periods of high volatility, the bands expand, and signals may become less reliable.
Confirmation: It is always good practice to confirm signals with other indicators (e.g., RSI, MACD) or candlestick analysis.
Conclusion
My indicator is a useful tool for identifying potential trading opportunities based on Bollinger Bands. However, as with any indicator, it is important to use it in combination with other forms of analysis and risk management to maximize effectiveness. Happy trading! 🚀
SMA with ATR BandsSMA with ATR Bands
This custom indicator combines the Simple Moving Average (SMA) with Average True Range (ATR) bands. It’s designed to help traders identify potential price reversals and gauge volatility. Here’s what it does:
Simple Moving Average (SMA):
The SMA represents the average price over a specified period.
It acts as a trend-following line, smoothing out price fluctuations.
The blue line on the chart represents the SMA.
ATR Bands:
The ATR measures volatility by calculating the average range between high and low prices.
We add and subtract the ATR (multiplied by a user-defined factor) from the SMA to create the bands.
The green upper band and red lower band dynamically adjust based on volatility.
How to Use It:
Volatility Signals: When the bands are close together (a “squeeze”), it indicates low volatility. A breakout often follows.
Overbought/Oversold: Price touching the upper band suggests overbought conditions, while touching the lower band suggests oversold conditions.
Trend Confirmation: The indicator can confirm trends.
Feel free to use this indicator on TradingView to enhance your trading strategy. Remember to customize the parameters according to your preferences. Happy trading! 📈🚀
Hull MA with 4 StdDev Bandsull MA with Multi-StdDev Bands
This indicator plots a Hull Moving Average (HMA) of (High + Low) / 2 with a default length of 90, surrounded by four customizable standard deviation bands.
Features:
Dynamic Hull MA coloring: Green when price trend is rising, red when falling.
Customizable deviation levels: Default set to 1.2, 1.4, 1.6, and 1.8 standard deviations, adjustable in the settings.
4 upper and 4 lower volatility bands: Based on the standard deviation of price relative to the Hull MA, providing a clear visual of potential overbought and oversold zones.
Uses:
Identify trend direction quickly via Hull MA color change.
Monitor volatility expansion/contraction.
Spot potential reversal or breakout areas when price interacts with outer bands.
Advanced BB Bands with PlotThis code implements an advanced version of Bollinger Bands with additional moving averages, ATR-based bands, step lines, market direction indicators, and real-time data display. Here’s a breakdown of the functionality:
1. Inputs and Parameters:
length: The base period used for calculating the moving averages and the typical price.
atr_length: The length used for calculating the Average True Range (ATR).
step_length: The period for calculating step lines (highest high and lowest low over a given period).
2. Core Calculations:
Typical Price: (high + low + close) / 3 is the base for the moving averages.
ATR: ta.atr(atr_length) is used to create dynamic bands around the moving averages.
PL Dot: An average of the typical prices from the current and past two bars. This provides a short-term trend indicator.
3. Multiple Moving Averages (MAs):
Three simple moving averages (ma1, ma2, ma3) are calculated using different multiples of the base length. These help indicate short-, mid-, and long-term trends.
4. Step Lines:
Step Up: Highest close over the step_length.
Step Down: Lowest close over the step_length. These act as short-term support and resistance levels.
5. Outer Bands:
Upper Band: ma1 + 2 * ATR, an upper boundary based on ATR volatility.
Lower Band: ma1 - 2 * ATR, a lower boundary. Together, these form a dynamic range around the short-term moving average.
6. Market Direction:
Bullish or Bearish condition is determined by comparing ma1 and ma2. If ma1 is above ma2, the market is bullish; otherwise, it's bearish. This decision is displayed on the TradingView chart using a table.
7. Visual Elements:
Moving Averages (ma1, ma2, ma3): Plotted in different colors (blue, purple, white) to indicate different timeframes.
PL Dot: A step line plot for the PL Dot, which helps in spotting short-term trends.
Step Lines: Step-up and step-down levels plotted in lime and red, respectively.
Outer Bands: Upper and lower ATR-based bands plotted in aqua, with a filled region between the bands for easy visualization of price volatility.
Candlestick Coloring: Green bars for bullish and red for bearish price action.
8. Real-Time Board Display:
A table is created in the top-right corner of the chart to display:
The current closing price.
The market direction ("Bullish" or "Bearish").
The PL Dot value. The table updates on the most recent bar (barstate.islast).
9. Dynamic Labels:
On the most recent bar, labels are added dynamically to the upper and lower bands and the ma1. These labels help in identifying the values of key indicators directly on the chart.
10. Signals and Alerts:
Bullish and Bearish Cross: Visual signals are plotted on the chart when ma1 crosses above or below ma2. These are represented as up and down triangles, providing potential buy/sell signals.
Key Features Summarized:
Multi-Timeframe Moving Averages: 3 MAs based on different timeframes.
Dynamic ATR Bands: ATR-based upper and lower boundaries for volatility measurement.
Step Lines: Short-term high and low lines for support/resistance.
PL Dot: A short-term trend identifier.
Real-Time Dashboard: Live updates of price, trend, and PL Dot on the chart.
Visual Alerts: Dynamic labeling and crossover signals to assist in decision-making.
This script is designed for traders who want to track price movement within bands, evaluate trends across multiple timeframes, and visualize short-term market direction with dynamic alerts.
Bollinger Bands, RSI, and MA StrategyThe "Bollinger Bands, RSI and MA Strategy" is a trend-following strategy that combines the Bollinger Bands indicator, the Relative Strength Index (RSI), and a moving average (MA). It aims to identify potential entry and exit points in the market based on price volatility, momentum, and trend.
The strategy uses two Bollinger Bands with different standard deviations to create price channels. The default settings for the Bollinger Bands are a length of 20 periods and a standard deviation of 2.0. The upper and lower bands of the Bollinger Bands serve as dynamic resistance and support levels, respectively.
The RSI indicator is employed to gauge the strength of price momentum.
The strategy also incorporates a 50-period moving average (MA) to help identify the overall trend direction. When the price is above the MA, it suggests an uptrend, and when the price is below the MA, it suggests a downtrend.
The entry conditions for long trades are when the RSI is above the overbought level and there is no contraction in the Bollinger Bands. For short trades, the entry conditions are when the RSI is below the oversold level and there is no contraction in the Bollinger Bands.
The exit conditions for long trades are when the RSI drops below the overbought level or when the price closes below the 50-period MA.
For short trades, the exit conditions are when the RSI goes above the oversold level or when the price closes above the 50-period MA.
The strategy generates alerts for potential long and short entry signals, as well as for exit signals when the specified conditions are met. These alerts can be used to receive notifications or take further actions, such as placing trades manually or using automated trading systems.
It is important to note that this strategy serves as a starting point and should be thoroughly backtested and validated with historical data before applying it to live trading. Additionally, it is recommended to consider risk management techniques, including setting appropriate stop-loss and take-profit levels, to effectively manage trades.
Enhanced Bollinger Bands Strategy with SL/TP// Title: Enhanced Bollinger Bands Strategy with SL/TP
// Description:
// This strategy is based on the classic Bollinger Bands indicator and incorporates Stop Loss (SL) and Take Profit (TP) levels for automated trading. It identifies potential long and short entry points based on price crossing the lower and upper Bollinger Bands, respectively. The strategy allows users to customize several parameters to suit different market conditions and risk tolerances.
// Key Features:
// * **Bollinger Bands:** Uses Simple Moving Average (SMA) as the basis and calculates upper and lower bands based on a user-defined standard deviation multiplier.
// * **Customizable Parameters:** Offers extensive customization, including SMA length, standard deviation multiplier, Stop Loss (SL) in pips, and Take Profit (TP) in pips.
// * **Long/Short Position Control:** Allows users to independently enable or disable long and short positions.
// * **Stop Loss and Take Profit:** Implements Stop Loss and Take Profit levels based on pip values to manage risk and secure profits. Entry prices are set to the band levels on signals.
// * **Visualizations:** Provides options to display Bollinger Bands and entry signals on the chart for easy analysis.
// Strategy Logic:
// 1. **Bollinger Bands Calculation:** The strategy calculates the Bollinger Bands using the specified SMA length and standard deviation multiplier.
// 2. **Entry Conditions:**
// * **Long Entry:** Enters a long position when the closing price crosses above the lower Bollinger Band and the `Enable Long Positions` setting is enabled.
// * **Short Entry:** Enters a short position when the closing price crosses below the upper Bollinger Band and the `Enable Short Positions` setting is enabled.
// 3. **Exit Conditions:**
// * **Stop Loss:** Exits the position if the price reaches the Stop Loss level, calculated based on the input `Stop Loss (Pips)`.
// * **Take Profit:** Exits the position if the price reaches the Take Profit level, calculated based on the input `Take Profit (Pips)`.
// Input Parameters:
// * **SMA Length (length):** The length of the Simple Moving Average used to calculate the Bollinger Bands (default: 20).
// * **Standard Deviation Multiplier (mult):** The multiplier applied to the standard deviation to determine the width of the Bollinger Bands (default: 2.0).
// * **Enable Long Positions (enableLong):** A boolean value to enable or disable long positions (default: true).
// * **Enable Short Positions (enableShort):** A boolean value to enable or disable short positions (default: true).
// * **Pip Value (pipValue):** The value of a pip for the traded instrument. This is crucial for accurate Stop Loss and Take Profit calculations (default: 0.0001 for most currency pairs). **Important: Adjust this value to match the specific instrument you are trading.**
// * **Stop Loss (Pips) (slPips):** The Stop Loss level in pips (default: 10).
// * **Take Profit (Pips) (tpPips):** The Take Profit level in pips (default: 20).
// * **Show Bollinger Bands (showBands):** A boolean value to show or hide the Bollinger Bands on the chart (default: true).
// * **Show Entry Signals (showSignals):** A boolean value to show or hide entry signals on the chart (default: true).
// How to Use:
// 1. Add the strategy to your TradingView chart.
// 2. Adjust the input parameters to optimize the strategy for your chosen instrument and timeframe. Pay close attention to the `Pip Value`.
// 3. Backtest the strategy over different periods to evaluate its performance.
// 4. Use the `Enable Long Positions` and `Enable Short Positions` settings to customize the strategy for specific market conditions (e.g., only long positions in an uptrend).
// Important Notes and Disclaimers:
// * **Backtesting Results:** Past performance is not indicative of future results. Backtesting results can be affected by various factors, including market volatility, slippage, and transaction costs.
// * **Risk Management:** This strategy is provided for informational and educational purposes only and should not be considered financial advice. Always use proper risk management techniques when trading. Adjust Stop Loss and Take Profit levels according to your risk tolerance.
// * **Slippage:** The strategy takes into account slippage by specifying a slippage parameter on the `strategy` declaration. However, real-world slippage may vary.
// * **Market Conditions:** The performance of this strategy can vary significantly depending on market conditions. It may perform well in trending markets but poorly in ranging or choppy markets.
// * **Pip Value Accuracy:** **Ensure the `Pip Value` is correctly set for the specific instrument you are trading. Incorrect pip value will result in incorrect stop loss and take profit placement.** This is critical.
// * **Broker Compatibility:** The strategy's performance may vary depending on your broker's execution policies and fees.
// * **Disclaimer:** I am not a financial advisor, and this script is not financial advice. Use this strategy at your own risk. I am not responsible for any losses incurred while using this strategy.
RSI Bands with Volume and EMAThis script is a comprehensive technical analysis tool designed to help traders identify key market signals using RSI bands, volume, and multiple Exponential Moving Averages (EMAs). It overlays the following on the chart:
RSI Bands: The script calculates and plots two bands based on the Relative Strength Index (RSI), indicating overbought and oversold levels. These bands act as dynamic support and resistance zones:
Resistance Band (Upper Band): Plotted when the RSI exceeds the overbought level, typically indicating a potential sell signal.
Support Band (Lower Band): Plotted when the RSI falls below the oversold level, typically indicating a potential buy signal.
Midline: The average of the upper and lower bands, acting as a neutral reference.
Buy/Sell Labels: Labels are dynamically added to the chart when price reaches the overbought or oversold levels.
A "Buy" label appears when the price reaches the oversold (lower) band.
A "Sell" label appears when the price reaches the overbought (upper) band.
Volume Indicator: The script visualizes trading volume as histograms, with red or green bars representing decreasing or increasing volume, respectively. The volume height is visually reduced for better clarity and comparison.
Exponential Moving Averages (EMAs): The script calculates and plots four key EMAs (12, 26, 50, and 200) to highlight short-term, medium-term, and long-term trends:
EMA 12: Blue
EMA 26: Orange
EMA 50: Purple
EMA 200: Green
The combined use of RSI, volume, and EMAs offers traders a multi-faceted view of the market, assisting in making informed decisions about potential price reversals, trends, and volume analysis. The script is particularly useful for identifying entry and exit points on charts like BTC/USDT, although it can be applied to any asset.
Standard Error Bands**Standard Error Bands Indicator: A Statistically Robust Tool for Trend Analysis**
The Standard Error Bands (SEB) indicator is a powerful technical analysis tool designed to help traders identify and assess trends with greater accuracy. Unlike traditional band indicators (e.g., Bollinger Bands) that rely on price averages, SEB leverages linear regression and statistical measures of volatility to offer deeper insights into market dynamics.
**How It Works**
1. **Linear Regression:** The indicator first calculates a linear regression line to model the underlying price trend. This line represents the "best fit" of price data over the specified lookback period.
2. **Standard Error:** Next, it calculates the standard error of the regression. This statistical measure quantifies the average distance between actual prices and the regression line, effectively acting as a volatility gauge.
3. **Smoothing:** Both the linear regression line and the standard error values are smoothed using a Simple Moving Average (SMA) to reduce noise and enhance the visual clarity of the bands.
4. **Band Construction:** The upper and lower bands are formed by adding/subtracting a multiple of the smoothed standard error from the smoothed linear regression line. The default multiplier is 2, representing approximately 95% of price action expected within the bands under normal market conditions.
**Key Insights**
* **Trend Strength:** Tight bands suggest a strong, well-defined trend with low volatility. Prices tend to adhere closely to the regression line, indicating a high probability of trend continuation.
* **Trend Weakness/Change:** Widening or expanding bands signal increased volatility and potential trend weakness. Prices deviating from the regression line may suggest an impending trend reversal or a shift into a sideways consolidation phase.
* **Entry/Exit Signals:**
* Consider entering a trade when prices break out of the bands in the direction of the trend, especially if the bands were previously tight.
* Conversely, consider exiting a trade when prices pierce the bands against the trend or when the bands start to widen significantly.
**Use Cases**
* **Trend Identification:** SEB can help traders identify trends earlier and more accurately than moving average-based indicators.
* **Trend Confirmation:** The bands can be used to confirm the validity and strength of an existing trend.
* **Volatility Assessment:** Changes in band width provide valuable insights into market volatility, aiding risk management decisions.
* **Entry/Exit Timing:** SEB can be incorporated into trading strategies to generate timely entry and exit signals.
**Important Considerations**
* **Parameter Optimization:** Experiment with different lookback periods, smoothing values, and standard error multipliers to find the optimal settings for your preferred trading style and market conditions.
* **Supplementary Indicators:** Combine SEB with other technical indicators (e.g., momentum oscillators, volume analysis) for a more comprehensive market assessment.
* **Backtesting:** Thoroughly backtest any SEB-based trading strategy to ensure its effectiveness before deploying it in live markets.
**Disclaimer:** Technical indicators like SEB are valuable tools but should not be used in isolation. Always consider price action or fundamental factors and risk management principles when making trading decisions.
Multi Bollinger Bands with Background FillMulti Bollinger Bands with Background Fill
多組帶狀背景布林通道
This indicator plots six independent Bollinger Bands channels on the price chart, each fully configurable with customizable period length, standard deviation, and colors for upper, lower, and middle bands. Users can choose to display or hide each channel and its middle band independently.
A distinctive feature of this tool is the option to enable colored background fills between paired Bollinger Bands (channels 1&2, 3&4, and 5&6) to visually highlight volatility zones, improving the clarity of price action and aiding in multi-timeframe volatility analysis.
Key Features:
Six independent Bollinger Bands channels with separate visibility toggles.
Adjustable length and standard deviation for each channel.
Option to display or hide the middle band (basis) for each channel.
Unique colored background fills between paired upper and lower bands for enhanced visual interpretation.
Custom color settings for each band and background for better differentiation.
This indicator is designed for traders looking for advanced multi-layered volatility insights and clearer visual guidance when analyzing price behavior across different timeframes. It is suitable for various trading strategies including trend analysis and volatility-based setups.
[Saya] VWAP Range Bands VWAP Range Bands is a custom volatility-based indicator that visualizes dynamic support and resistance zones using a volume-weighted average price (VWAP) combined with adaptive deviation bands.
🔍 Features:
• VWAP-based midline for mean reversion insight
• Dynamic upper and lower bands based on average deviation or standard deviation
• Visual highlights when price crosses extreme zones
• Optional deviation count table to monitor how often price breaks out
Great for identifying high-probability reversal or continuation areas in both trending and ranging markets.
S2BU2 True Range BandsWhat it is:
A twist on the DMI and ATR indicators.
How it is calculated:
What you see is a basic 14-period EMA calculated based on the opening price of the candle.
Extending from this base is the average true range, showing the expected realistic movement in that direction.
How you may interpret what you see:
Extended movement outside of those bands indicates a strong trend and also indicates a bad time to enter. In a sideways market the best time to get in and out is whenever the chart crosses the upper/lower bands. As usual, do not use this indicator alone to determine your entries/exits. If you find a regular behaviour related to this indicator that is not mentioned here feel free to reach out to me. I will consider adding it the list
How you may improve accuracy:
Most obvious - combine with different indicators measuring different things. This indicator measures potential direction. You may combine it with a simple trendindicator, momentum-indicator, etc. There is little use in combining it with another indicator measuring the same thing. When using 2 indicators for the same aspect, pick the one that is more reliable or reacts faster - depending on your preference and strategy.
Another Option to improve accuracy is to overlap the indicator on several timeframes. Dissonance is weakness. Ressonance is strength. if you see many tfs showing the same movement it may be a good time to get in - you will have to judge it yourself though ;)
Acceleration BandsPrice Headley\'s Acceleration Bands serve as a trading envelope that factor in a stock\'s typical volatility over standard settings of 20 or 80 bars. They can be used across any time frame, though Headley prefers to use them most across weekly and monthly timeframes as breakout indicators outside these bands, while using the shorter time frames to define likely support and resistance levels at the lower and upper Acceleration Bands. Acceleration Bands are plotted around a simple moving average as the midpoint, and the upper and lower bands are of equal distance from this midpoint.
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Bollinger Bands Multi TFBollinger Bands Multi TF Indicator
Overview
The Bollinger Bands Multi TF Indicator allows traders to overlay two sets of Bollinger Bands from different timeframes onto the same chart. This provides a broader market perspective by helping identify volatility and trend direction across multiple timeframes.
Features
✅ Dual Timeframe Support – Configure Bollinger Bands for two different timeframes (default: 15 min & 5 min).
✅ Customizable Moving Averages – Choose from SMA, EMA, SMMA (RMA), WMA, or VWMA as the basis line for each band.
✅ Dynamic Standard Deviation – Adjust the standard deviation multiplier for each timeframe.
✅ Visual Clarity – Different colors for each Bollinger Band set, with background filling for better visualization.
How to Use
🔹 Use the higher timeframe Bollinger Bands to identify overall trend and key resistance/support levels.
🔹 Use the lower timeframe Bollinger Bands for fine-tuned entry/exit signals within the broader trend.
🔹 A tightening of bands may indicate low volatility, signaling a potential breakout.
🔹 A widening of bands may suggest increased volatility and trend continuation.
Ideal For
📈 Intraday and swing traders looking for multi-timeframe confluence.
📊 Volatility-based traders who use Bollinger Bands for breakouts or reversals.
📍 Any trader wanting a deeper market context beyond a single timeframe.
Dual Bollinger Bands (20 & 200)Dual Bollinger Bands (20 & 200) - Enhanced Trading Strategy
Overview
The Dual Bollinger Bands (20 & 200) indicator is an enhanced version of the Double Bollinger Bands by Alixnet. This advanced tool integrates two sets of Bollinger Bands with 20-period (short-term) and 200-period (long-term) moving averages, helping traders identify market trends, volatility, and potential trade setups more effectively.
Key Features
✅ Two Bollinger Band Sets – Short-term (20-period) and Long-term (200-period).
✅ Enable/Disable Each BB – Customize visibility for better analysis.
✅ Multiple Standard Deviations – Identify different levels of volatility.
✅ Background Fill for Clarity – Highlights volatility zones.
How to Use This Indicator Effectively
1. Understanding the Two Bollinger Bands
BB1 (20-Period): Measures short-term price movements and volatility.
BB2 (200-Period): Acts as a long-term trend filter to determine the dominant trend.
2. Trade Entries & Exits
Bullish Trade Setup (Long Entry)
🔹 Price Above 200 MA Basis Line (BB2) – Confirms an uptrend.
🔹 Price Pulls Back to the Lower Band of BB1 (20 MA) – Ideal buy opportunity.
🔹 Confirmation: If price bounces off the lower BB1 band and moves back toward the midline or upper band, enter a long position.
🔹 Exit: When price touches or exceeds the upper BB1 band.
Bearish Trade Setup (Short Entry)
🔹 Price Below 200 MA Basis Line (BB2) – Confirms a downtrend.
🔹 Price Pulls Back to the Upper Band of BB1 (20 MA) – Ideal short opportunity.
🔹 Confirmation: If price gets rejected at the upper BB1 band and moves downward, enter a short position.
🔹 Exit: When price reaches or drops below the lower BB1 band.
3. Avoiding Sideways Markets
❌ Avoid trading when price stays between the two bands of BB1 without breaking out.
❌ Flat 200 MA Line (BB2 Basis) indicates a ranging market – best to wait for a breakout.
✅ Wait for Price to Cross the 200 MA Basis Line to confirm trend direction before entering trades.
4. Catching Trending Moves
✅ Strong Trend Confirmation: When price stays above or below the 20-period BB bands and also above/below the 200-period MA.
✅ Trend Continuation: If price consolidates near the upper or lower bands without breaking opposite levels.
✅ Breakout Confirmation: Look for a candle close outside BB1 bands with momentum to confirm strong moves.
Final Thoughts
The Dual Bollinger Bands (20 & 200) indicator is a powerful tool for both short-term traders and long-term investors. By combining the short-term volatility of the 20-period BB with the long-term trend of the 200-period BB, traders can make more informed trading decisions, filter out noise, and capture high-probability trade setups.
Triple HMA Bands (1.2 / 1.4 / 1.6)📈 Triple HMA Bands — Custom Volatility & Trend Indicator
Description:
The Triple HMA Bands indicator combines the Hull Moving Average (HMA) with volatility-based envelopes, similar to Bollinger Bands, to visualize trend direction and market extremes.
The HMA (length 90) serves as the central trend line, offering a smooth and responsive view of market direction.
Surrounding the HMA are three dynamic bands calculated using standard deviations of price:
Inner Band (1.2σ) — normal volatility range.
Middle Band (1.4σ) — elevated volatility zone.
Outer Band (1.6σ) — statistically extreme price movement.
The shaded zones between the bands help visualize volatility expansion and contraction, making it easier to identify:
Trend strength and stability
Potential reversal zones
Breakout or breakdown events
How to Use:
Price staying within the inner band may indicate a stable trend or consolidation.
Price reaching or exceeding the outer band suggests overbought/oversold conditions and potential reversal.
Widening bands = rising volatility; narrowing bands = low volatility, often before a breakout.
This indicator is ideal for trend traders, mean reversion strategies, or anyone wanting a volatility-sensitive trend filter.
Foxy's Logarithmic Bollinger BandsThis versatile indicator plots logarithmic Bollinger Bands on any financial asset or timeframe in the TradingView platform. Unlike traditional Bollinger Bands, which use simple arithmetic calculations, Foxy's LBB employs logarithmic scales to better capture and visualize percentage-based price movements.
The core functionality includes:
Basis Line: A central moving average line calculated on the log10 of the selected price source (default is close price). Multiple moving average types are available, including SMA, EMA, RMA, and volume-weighted variants.
Upper/Lower Bands 1: The first set of upper and lower bands, plotted at a user-defined number of standard deviations (default 2.0) above and below the Basis Line.
Upper/Lower Bands 2: A second set of bands plotted at a different standard deviation level (default 3.0) to cater to different volatility preferences.
Offset: An option to vertically offset the plotted lines for better visualization alongside other indicators or studies.
By using a logarithmic scale, Foxy's LBB provides a more accurate representation of percentage-based price changes, making it particularly useful for analyzing and trading volatile assets or markets with significant price swings.
Traders can leverage this indicator for various purposes, such as identifying potential overbought/oversold conditions, gauging volatility levels, and spotting trend continuations or reversals based on the interaction between price and the band levels.
Whether you're a seasoned trader or just starting, Foxy's LBB offers a powerful and flexible tool to enhance your technical analysis and decision-making process in the TradingView environment.
Session Pivots + EMA20/50 + Bollinger BandsMulti-tool indicator combining session pivots, EMA trend filters, Bollinger Bands, and alerts for intraday trading.
📌 Description
One of the biggest advantages of this indicator is that it supports TradingView’s ALERT system, so traders can be notified the moment price crosses the daily/session pivot level. This allows faster decision-making without constant chart watching.
This script combines three powerful tools into a single indicator:
Session Pivot Levels (with Support/Resistance): Automatically calculates pivot, R1–R3 and S1–S3 levels based on the previous trading session (London, New York, Asia, or custom). Levels are plotted with clean labels and connector lines so you always see the exact price values ahead of time.
EMA Trend Filters (20 & 50): Tracks short- and medium-term market direction with two popular exponential moving averages, helping confirm entries and exits.
Bollinger Bands (fully customizable): Adds volatility bands with choice of SMA, EMA, SMMA, WMA, or VWMA for the middle line, plus adjustable standard deviation and offset.
✅ Key Features
Auto-detects London, New York, and Asian sessions or set your own custom session.
Displays up to 3 levels of support and resistance from the previous session.
Clean label display with customizable theme options (Dark, Light, Custom).
Alerts included: Get notified instantly when price crosses above or below the Pivot.
EMA20/50 trend confirmation built-in.
Bollinger Bands with multiple moving average types and volatility settings.
Works for Forex, Crypto, Indices, Commodities — optimized for intraday & scalping.
This makes it a complete intraday toolkit, reducing the need to load multiple separate indicators.
📄 Full documentation available here: [ link ]
Team Undergrounds Magic RSI BandsWhat is this indicator?
This indicator shows RSI but visualize as bands with custom timeframe settings. Normal RSI doesn't really visualse well when the price gets overbought/oversold and generally because of candle closes it can be hard to determine if the price has already touched the prefered RSI level. The custom timeframe allows you to go to shorter or longer timeframes on the chart while maintaining the same timeframe on the RSI indicator.
How does it work?
Add this indicator to the chart, and you'll see 2 bands (green and red). By standard settings, the green band shows when price goes below 30 RSI and the red line when price goes above 70 on the RSI. By standard settings the RSI band is set to 7 hour because this tends to work well with Bitcoin and crypto in general, but the timeframe can be changed in the settings. 12hr, 3hr, 3D, 1W are all good timeframes based off personal preference. The overbought/oversold level and RSI length can also be adjusted.
Indicator is not a financial advice tool, and offcourse, data can always change. Past price does not predict future price by defintion.
