ucsgears

UCS_Value Bands

This Indicator is yet another variation of KC. Inspired from Value Charts webinar. I have seen their videos on youtube. What appears to be a variation of KC.
They use 12 bands Showing the zone, and different MA for different timeframes.

You can get this indicator close to accuracy by changing the inputs (ATR) and (Deviations)

This also can be used with the triple ATR setup - Change the values to EMA to desired value. To obtain the First band to plot @ 1, Change the Band deviation to 0.25.

Also can be used as as the Acceleration Band. With Current Settings, the Third Band will plot the Acceleration band.

List of All my Indicators - https://www.tradingview.com/p/stocks/?so...
Lycka Till
Eliminar de Scripts favoritos. Añadir a Scripts favoritos.
// Created by UCSgears
// This is a variation to what value charts uses. 
// I have not seen their indicator code, But This is my interpretation, After all its just an indicator. 

study(title="UCS_Value Band", shorttitle="VB_UCS", overlay=true)
source = close
length = input(21, minval=1, title = "EMA Length")
atrlen = input(5, minval=1, title = "ATR Length")
atrlen2 = round(atrlen*1.5)
atrlen3 = atrlen*2

mult = input(0.2, minval=0.1, title = "Band Deviation")
ma = sma(source, length)
range =  tr
rangema1 = ema(range, atrlen)
rangema2 = ema(range, atrlen2)
rangema3 = ema(range, atrlen3)

up1 = ma + rangema1 * mult*1
up2 = ma + rangema1 * mult*2
up3 = ma + rangema1 * mult*3
up4 = ma + rangema1 * mult*4
up5 = ma + rangema2 * mult*5
up6 = ma + rangema2 * mult*6
up7 = ma + rangema2 * mult*7
up8 = ma + rangema2 * mult*8
up9 = ma + rangema3 * mult*9
up10 = ma + rangema3 * mult*10
up11 = ma + rangema3* mult*11
up12 = ma + rangema3 * mult*12

dn1 = ma - rangema1 * mult*1
dn2 = ma - rangema1 * mult*2
dn3 = ma - rangema1 * mult*3
dn4 = ma - rangema1 * mult*4
dn5 = ma - rangema2 * mult*5
dn6 = ma - rangema2 * mult*6
dn7 = ma - rangema2 * mult*7
dn8 = ma - rangema2 * mult*8
dn9 = ma - rangema3 * mult*9
dn10 = ma - rangema3 * mult*10
dn11 = ma - rangema3* mult*11
dn12 = ma - rangema3 * mult*12

plot(ma, color=aqua, title="Basis")

color1 = green
color2 = yellow
color3 = red

//plot(up1, color = color1)
//plot(up2, color = color1)
//plot(up3, color = color1)
u4 = plot(up4, color = color1, title="Fair Value Upper")
//plot(up5, color = color2)
//plot(up6, color = color2)
//plot(up7, color = color2)
u8 = plot(up8, color = color2, title="High Value Upper")
//plot(up9, color = color3)
//plot(up10, color = color3)
//plot(up11, color = color3)
u12 = plot(up12, color = color3, title="Extreme Value Upper")

//plot(dn1, color = color1)
//plot(dn2, color = color1)
//plot(dn3, color = color1)
d4 = plot(dn4, color = color1, title="Fair Value Lower")
//plot(dn5, color = color2)
//plot(dn6, color = color2)
//plot(dn7, color = color2)
d8 = plot(dn8, color = color2, title="High Value Lower")
//plot(dn9, color = color3)
//plot(dn10, color = color3)
//plot(dn11, color = color3)
d12 = plot(dn12, color = color3, title="Extreme Value Lower")

fill (u4,d4,green)
fill (u4,u8, yellow)
fill (d4,d8, yellow)
fill (u8,u12, red)
fill (d8,d12, red)
http://chartandplay.blogspot.com/2014/10/sometimes-free-indicators-with-price.html - Why Pay when you can find it free?

This is directly comparable to Value Charts - Value Bands. follow the link for proof
Responder
After Exploring the possibility of using this Value Bands. When does this make real sense to use this? Ofcourse not while the Momentum is large.

IMHO, i do think it better used in a Squeeze, While keeping the Squeeze (20,2,1.5) does not give you enough edge to profit. So based on a little experimentation I think it is best applied in a Wider Squeeze. Answer to how wide the squeeze must be is here.

I am planning to improve this indicator by cleaning the bands up. Until then, UCSgears
Responder
Use this setting for Daily Chart on Options (5, 5, 0.2)
Responder
ES Español
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Inicio Analizador de acciones Analizador de Forex Crypto Screener Calendario económico Cómo funciona Características del gráfico Precios Normas Moderadores Soluciones broker y sitio web Widgets Biblioteca de gráficos de acciones Conseguir ayuda Solicitud de funcionalidad Blog y noticias Preguntas frecuentes Wiki Twitter
Perfil Opciones de configuración del perfil Cuenta y facturación Conseguir ayuda Ideas publicadas Seguidores Siguiendo Mensajes privados Chat Cerrar sesión