OPEN-SOURCE SCRIPT
Mis à jour Bollinger Breaks and Cycles Indicator - JD
The BBC indicator shows price in relation to the upper (in red) and lower (in green) Bollinger Bands
It highlights breaks in the Bands, where the 0-line represents a price equal to the band.
These breaks can either be used as take-profit points or as entry points, depending on trend direction.
Entries can be at the beginning of a break (eg. for impulse or continuation moves)
or at the end (mostly for expected trend reversals)
To find the best setups, the BBC should be accompanied by other indicators (preferably ones that focus on different aspects)
The oscilating line in the middle indicates market cycles
JD.
#NotTradingAdvice #DYOR
It highlights breaks in the Bands, where the 0-line represents a price equal to the band.
These breaks can either be used as take-profit points or as entry points, depending on trend direction.
Entries can be at the beginning of a break (eg. for impulse or continuation moves)
or at the end (mostly for expected trend reversals)
To find the best setups, the BBC should be accompanied by other indicators (preferably ones that focus on different aspects)
The oscilating line in the middle indicates market cycles
JD.
#NotTradingAdvice #DYOR
Notes de version
The oscilating line in the middle indicates market cycles.This line bounces between the upper and lower break-lines.
If the cycle line breaks above or below the zone, this usually indicates a strong reversal.
addidtions to the latest version:
- the fill color is determined on general market direction
- dots on the cycle line show probable turning or take-profit points
- up or down triangles show bounce points and thus higher probability turning points
JD.
Notes de version
Added a timeframe multiplier to be able to quickly reference longer timeframes.In this example I've added the BBC indicator on the current TF,
and a second one on a 10x timeframe.
JD.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.