draws a blue line representing the divergence between a 3-period moving average (3MA) close and the current candle high, and a red line representing the divergence between a 20-period moving average (20MA) close and the 3MA close
This script calculates the moving averages for both 3-period and 20-period and then computes the divergences as described. It plots the...
SMA with ATR Bands
This custom indicator combines the Simple Moving Average (SMA) with Average True Range (ATR) bands. It’s designed to help traders identify potential price reversals and gauge volatility. Here’s what it does:
Simple Moving Average (SMA):
The SMA represents the average price over a specified period.
It acts as a trend-following line,...
This versatile indicator plots logarithmic Bollinger Bands on any financial asset or timeframe in the TradingView platform. Unlike traditional Bollinger Bands, which use simple arithmetic calculations, Foxy's LBB employs logarithmic scales to better capture and visualize percentage-based price movements.
The core functionality includes:
Basis Line: A central...
This script is a custom implementation of grouped Simple Moving Averages (SMA) with added Bollinger Bands
Key Features:
Customizable Length (n): Allows users to set the length for the SMA calculation. The length is the number of bars used to calculate the average. This is input by the user and can be adjusted to analyze different time periods.
Standard Deviation...
The Kelbol Bands are designed to provide traders with insights into price volatility and potential trend reversal points. By combining Bollinger Bands (BB) and Keltner Channels (KC), this indicator offers a versatile approach to analyzing market dynamics.
Key Features:
- Customizable Parameters: The indicator allows traders to adjust parameters such as BB...
Peak and Trough Tracker
This indicator identifies the highest and lowest prices reached in two user-defined time periods. It then draws two lines connecting these peak and trough points. The purple line represents the connection between the highest prices, while the aqua line represents the relationship between the lowest prices. Both lines extend into the future...
Range Percentage is a simple indicator utility to clearly display and dynamically alert on where a chosen series falls between two bounds, either series themselves or constant values.
To set up, select between series or value for upper and lower bounds. Only the chosen options will be used by the indicator, though you may enter the non-selected option. Configure...
█ OVERVIEW
This indicator projects ATR bands and, optionally, colors them based on a risk/reward advantage for those who trade breakouts/breakdowns using moving averages as partial or full exit points.
█ DEFINITIONS
► True Range
The True Range is a measure of the volatility of a financial asset and is defined as the maximum difference among one of the...
I've adapted a script from Lazy Bear (WT trend oscillator)
WaveTrend Oscillator is a port of a famous TS/MT indicator.
When the oscillator (WT1 designed as a line) is above the overbought band (50 to 60) and crosses down the WT2 (dotted line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (...
This Script code is used to plot support and resistance levels on a chart. Here's how it works:
Input Parameters: The code starts by defining an input parameter lookback_period, which determines the number of bars to look back when calculating support and resistance levels. You can adjust this parameter based on your preferences or trading strategy. I recommend...
Strategy Overview:
This strategy utilizes Bollinger Bands based on a 20-period Exponential Moving Average (EMA) with a standard deviation multiplier of 1.5. It is designed to generate early trading signals based on the relationship between the price action and the Bollinger Bands.
Bollinger Bands Calculation:
The upper Bollinger Band is calculated as the...
Introducing the "Normal Weighted Average Price" (NWAP) by OmegaTools. This innovative script refines the traditional concept of VWAP by eliminating volume from the equation, offering a unique perspective on price movements and market trends.
The NWAP script is meticulously crafted to provide traders with a straightforward yet powerful tool for analyzing price...
The full implementation of the Turtle Trading Rules (as distinct from the various truncated versions circulating within the community) is now ready.
This trading strategy script distinguishes itself from all currently publicly available Turtle trading systems on Tradingview by comprehensively embodying the rules for entries, exits, position management, and profit...
Trending RSI takes a new approach to RSI intended to provide all of the missing information that traditional RSI lacks. Questions such as "why does the price continue to decline even during an oversold period?" can be aided using the Trending RSI.
These types of movements are due to the market still trending and traditional RSI can not tell traders this. ...
What are Bandwidth Bands?
This indicator uses Silverman Rule of Thumb Bandwidth to estimate the width of bands around the rolling moving average which takes in the log transformation of price to remove most of price skewness for the rest of the volatility calculations and then a exp() function is performed to convert it back to a right skewed distribution. These...
Bollinger OTT Spread (BOOTS) is a development combining Bollinger Bands with Optimized Trend Tracker (OTT) Indicator by Anıl Özekşi.
Bollinger Bands have originally 3 lines: Simple Moving Average (Middle Line), Upper Band and Lower Band.
BOOTS concentrates on the upper and lower Bollinger band lines.
First, it calculates the OTT using the UPPER and LOWER...
Multiple OTT (MOTT) is a development on the Optimized Trend Tracker (OTT) indicator of Anıl Özekşi that is shared in his algorithmic trading courses by himself.
There are 5 lines in MOTT:
-The top (cyan) line is originally an OTT line, which uses the Highest price values in a default length of 80 bars in its calculation.
-The bottom line (purple) is also an OTT...
![FDJ: AWR_WaveTrend Multitimeframe [adapted from LazyBear]](https://s3.tradingview.com/z/ZGNqHTpS_mid.png "AWR_WaveTrend Multitimeframe [adapted from LazyBear]")
![BTCUSDT.P: Trending RSI [ChartPrime]](https://s3.tradingview.com/q/qe0D9HM1_mid.png "Trending RSI [ChartPrime]")
