TrueLevel Bands is a powerful trading indicator that employs linear regression and standard deviation to create dynamic, envelope-style bands around the price action of a financial instrument. These bands are designed to help traders identify potential support and resistance levels, trend direction, and volatility.
The TrueLevel Bands indicator consists of...
Just a quick trial at using statistical variance/standard deviation as an indicator. The general idea is that higher variance in the short term tends to indicate more volatility/movement. The other thing is that it can help set probabilistic boundaries for movements (e.g., if you set the bars to be 2 standard deviations, you are visualizing a range that denotes...
This indicator utilizes signals generated from a normalized consensus of one of the four following consensus strategies: Oscillator Consensus, Moving Average Consensus, Democratic Fib Consensus, and an Ichimoku Cloud Consensus. When the values of the individual consensus are normalized, they can be utilized as an oscillator with a range of 0-100. The range of...
Bollinger Bands and Keltner Channel are two of my favorite channels. When you use them correctly, they can bring great help to your trading.
I like to use Bollinger Bands and Keltner Channels to identify when you can trade and when you can not trade, which is also known as the "squeeze".
When the opening of the Bollinger Bands is very small, it is a range that ...
The Advanced Trend Detection Strategy is a sophisticated trading algorithm based on the indicator "Percent Levels From Previous Close".
This strategy is based on calculating the Pearson's correlation coefficient of logarithmic-scale linear regression channels across a range of lengths from 50 to 1000. It then selects the highest value to determine the length for...
Always check the previous candle before you enter a trade. If the previous candle is colored in yellow then there's a higher probability. Do not enter if the signal candle body size is too small compared to the previous one.
The Advanced Trend Channel Detection (Log Scale) indicator is designed to identify the strongest trend channels using logarithmic scaling. It does this by calculating the highest Pearson's R value among all length inputs and then determining which length input to use for the selected slope, average, and intercept. The script then draws the upper and lower...
TL;DR: An average based trend incl. micro trend spotting and multiple display options.
This script is basically an update of my "Average Trend with Deviation Bands" script. I made the following changes:
Not an overlay anymore - The amount of drawn lines makes the chart pretty messy. That's why I moved it to a pane. If you preferred the overlay you can use...
The Adaptive Momentum Channel with Volume Filter (Adaptive MCVF) is an indicator that utilizes an adaptive RSI to adjust its sensitivity based on the market conditions. The RSI component of the indicator calculates the standard deviation and mean deviation of RSI values and uses these to calculate the adaptive RSI. The volume filter component of the indicator...
The indicator calculates two volume-weighted moving averages (VWMA) using different lengths, and filters them based on a moving average of volume. The filtered VWMA values are then plotted on the chart as lines, representing the fast and slow moving averages. In addition, upper and lower bands are calculated based on the slow VWMA and plotted as lines on the...
The indicator consists of several features:
Candlestick chart: The indicator plots a candlestick chart based on the input parameters of the user. The candlesticks are colored blue or orange depending on whether the closing price is above or below the upper and lower bands.
Support and Resistance levels: The indicator also plots support and resistance levels...
The "Trend Setter" script is a technical indicator that combines several other indicators to identify trends and potential entry points in the market. It is designed to work with various financial markets, including stocks, forex, and futures, and can be used on any timeframe.
The script uses the TTM Squeeze indicator, Bollinger Bands, Keltner Channels, CCI, and...
MAZI
Description : The MAZI (Moving Average Zone Indicator) is a slow updating moving average calculation of key high and low points in the market, which is a unique approach to sampling moving averages.
The indicator tracks only the key candles that provide good information about price movement, which distinguishes it from other moving average indicators that...
The Double Bollinger Bands strategy is a trend-following strategy that aims to identify high-probability trading opportunities in trending markets. The strategy involves using two sets of Bollinger Bands with different standard deviation values to identify potential entry and exit points.
Bollinger Bands are a technical analysis tool that consists of three lines...
The "Mean Reversion" indicator in this script is a popular trading strategy that is based on the concept that over time, prices tend to move back towards their mean or average. This trading strategy seeks to identify instances where the price has deviated significantly from its mean and therefore presents an opportunity to profit from its eventual reversion to the...
This is the next version of the original indicator:
To anyone unfamiliar with KST, it is a cousin of RSI. Basically, this indicator is analyzed like we would analyze charts using Stochastic RSI. It is basically an "energy oscillator".
This indicator considers price with the theory of relativity.
Relativity works this way: A downward moving MACD means that ...
I'm happy to present to you... VOLLINGER BANDS. Loosely based on bollinger bands, this indicator uses the new Up/Down Volume indicator from tradingview, which I have add moving averages, and a width calculation between them to determine squeeze. Essentially I have created a volume squeeze bollinger band derivative, hence the term "Vollinger Band".
The bands are...
It's just a simple keltner trend with options added to:
Eradicate repainting
more MAs
Json alerts (useful for bots)
I recommend using "open" option for all sources if you are going to use it with a bot, or if you want to be safe and enter with confirmations. Using the default settings would also show you all the entries without repainting as it uses high and low...
![MAGICUSDT.P: Adaptive Momentum Channel - [Volume Filter]](https://s3.tradingview.com/7/7iQxoE9p_mid.png "Adaptive Momentum Channel - [Volume Filter]")
![FETUSDT.P: Volume Channel - [With Volume Filter]](https://s3.tradingview.com/m/mqzut3YS_mid.png "Volume Channel - [With Volume Filter]")
![BTCUSDT: Matrix Momentum Expansion [IkkeOmar]](https://s3.tradingview.com/a/AFfOrp2C_mid.png "Matrix Momentum Expansion [IkkeOmar]")
