기존 볼린저 밴드는 종가를 기준으로 이동평균선을 설정하여
그 이동평균선에 대한 표준편차를 적용하여 밴드를 형성을 하였다
또한, 기존 볼린저 밴드는 밴드를 이탈할 경우 비이성적인 확률의 움직임이라고 생각하여 진입하게된다
하지만 실제 우리가 보는 봉 캔들같은 경우 고가, 저가, 시가, 종가가 있다.
진짜 비이성적인 움직임은 보통 저가나 고가의 꼬리에서 발생하는 경우를 볼린저 밴드를 사용하는 유저라면 많이 보았을 것이다.
그렇기 때문에 기존 볼린저 밴드의 설정처럼 종가를 기준으로한 이동평균선이 아닌
하단의 경우 저가를 기준으로 한 볼린저 밴드를
상단의 경우 고가를 기준으로 한 볼린저 밴드를
사용할 경우 더 효과적일 것이라고 생각하여 제작된 강화된...
거래량에 볼린저 밴드 상단을 적용하는 것을 기본으로 한다.
볼린저 밴드에 대해서 설명하자면
먼저, 길이를 설정하면 그 길이에 대한 값의 이동평균선이 설정된다.
이동평균선의 초기값은 500으로 설정해놓았다.
그 다음 500개의 값에 대해 표준편차를 적용하여 밴드를 만들고 그 밴드를 이탈할 경우
표준정규분포표를 벗어난 희귀한 확률의 값이 나왔다고 도출할 수 있다.
그 이동평균선에 대한 표준편차를 보통 기본값 2로 설정되어있는데, 표준정규분포표에서 2.00의 경우 0.4772를 나타낸다. 상단 볼린저 밴드 내에 있을 확률 97.725%를 나타낸다.
즉, 이 볼린저 밴드 상단을 넘어선 거래량은 거래량 100개봉중 상위 2.275%에 해당하는 아주...
## Overview
The L1 Dynamic Multi-Layer Bollinger Bands script is a custom indicator designed to provide a comprehensive analysis of price movements using Bollinger Bands, a widely-used technical analysis tool. The Bollinger Bands consist of a middle band being a simple moving average (SMA) of the close price, and an upper and lower band that are respectively 1.382...
"Johnny's Adjusted BB Buy/Sell Signal" leverages Bollinger Bands and moving averages to provide dynamic buy and sell signals based on market conditions. This indicator is particularly useful for traders looking to identify strategic entry and exit points based on volatility and trend analysis.
How It Works
Bollinger Bands Setup: The indicator calculates...
This script is designed to navigate through the ebbs and flows of financial markets. At its core, this script is a sophisticated yet user-friendly tool that helps you identify potential market turning points and trend continuations.
How It Works:
The script operates by plotting two distinct lines and a central histogram that collectively form a band structure:...
Hello Reader!
What is Supertrend indicator ?
The Supertrend Indicator is a popular technical analysis tool designed to assist traders in identifying market trends.
The indicator combines the average true range (ATR) with a multiplier to calculate its value. This value is then added to or subtracted from the asset’s closing price to plot the supertrend...
█ OVERVIEW
The "Price Action Reversion Bands" is designed to help traders identify potential reversal zones through the integration of polynomial regression, fractal analysis, and pinbar detection. This tool overlays directly onto the price chart, providing dynamic visual cues and signals for market reversals. Its unique synthesis of these methodologies offers...
We determine if the price is below EMA 9 by comparing the close price with EMA 9.
We determine if the current candle body is huge compared to the previous candle's body.
We plot EMA 9 in black color and EMA 200 in green color.
We plot blue triangles below the bars for EMA crossover above and red triangles above the bars for EMA crossover below.
We set the color of...
This indicator is designed for trading CFD indices, focusing specifically on breakout strategies.
For instance, utilize this indicator to set up a bracket order at the beginning of the trading day, anticipating a breakout in NAS100 with a movement of 1% in either direction. Utilizing the Open Price, it calculates the Entry Price, Stop Loss (SL), and Take Profit...
Trend Fusion: ADX & EMA+Ichimoku is an innovative indicator designed to provide traders with comprehensive insights into market trends. Combining the power of the Average Directional Index (ADX) with Exponential Moving Averages (EMA) and the Ichimoku Cloud, this indicator offers a sophisticated approach to trend analysis.
This indicator stands out for its unique...
Hi,
I have created Artharjan Day Trading Range indicator that plots the Intraday Trading Range for the day based on past 5 Days ATR value and takes 50% of that value and plots it above and below the current day's opening price. If current day close crosses above the Upper Level then we may see a Bullish trend otherwise Bearish trend can be seen. If the price...
Input Parameters
The script has three input parameters:
· length: an integer input with a default value of 20, likely used for calculating moving averages or other indicators.
· zoneSize: a decimal input with a default value of 1.5, likely used to define the size of the "holding zone".
· entryZone: an integer input with a default value of 50, likely used to...
The Zero-Lag EMA Band is a sophisticated technical analysis tool designed to provide traders with a comprehensive view of market trends. This innovative indicator merges the Zero-Lag EMA, a derivative of the traditional Exponential Moving Average, with Bollinger Bands to create a unique trend indicator that is less laggy and more responsive to market...
Certainly! Here's a user guide for the provided Pine Script code:
User Guide: 1800 Candle Highlight Indicator
Overview:
The "1800 Candle Highlight" indicator is designed to visually emphasize the 18:00 (6:00 PM) candle on the chart, providing clarity on its open and close prices, and highlighting its timeframe with a distinctive color.
Key Features:
Candle...
This is a new indicator that detects double inside bars with the condition that their base bar is either shifted above or below (i.e. both base bar's high and low are higher or lower than the mother bar's high and low respectively)
it plots lines at the top and bottom of the mother bar and 2 TPs above and 2 TPs below.
This indicator is designed to provide a valuation perspective based on a specified length and deviations from a base value. This code calculates fair value levels relative to a chosen source (typically closing prices) using simple moving averages (SMA) or exponential moving averages (EMA). Please note that this is purely educational and should not be considered...
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