Inverse Bands

I'm very new to trading. I've been toying with moving averages to trigger swing trades and wanted an indicator that would swell when price moves sideways and squeeze when price is trending.

So this is the inverse of the popular Bollinger Bands indicator. It makes a very easy identifier for price breakout when paired with your favorite fast moving average. When MA falls outside the bands, it indicates an emerging trend. Still requires some curve fitting, but it is a work in progress.

I hope this isn't a direct copy of something I am not aware of.

Notas de prensa

Worked out a reliable way to invert Bol Bands across a wider price range. Still needs some curve fitting via "Length" and "X Offset" settings. In future revisions ill try to automate the fitting based on current price maybe. Until then we will have to manually fit the settings.

Notas de prensa

Squared the percentage, not totally sure it helped. Did some fine tuning with settings, and changed the label of X offset to width, because that is essentially what it does.

Script de código abierto

Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.

djsnowman06

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Script de código abierto

djsnowman06