A little, yet hopefully useful update over my previous "Multi Bollinger Heat Bands". For those who like quick visual cue's.
In short: It's your Basic Bollinger Bands, but 3 of them, and some pointy things.
Three stacked SMA based Bollinger Bands designed just to give you a quick visual on the "heat" of movement.
Set inner band as you would expect, then...
I have a thing for pivots and SR, so this is Tom DeMark Daily Retracements Levels pivots from DeMark Indicators book by Jason Perl.
Red lines -daily R
Green lines - daily S
Expect reversals or breaks at these points.
and some random stock, just test your instrument
ORB Opening Range Breakout 5 and 3O Minute Indicator
Kudos to Chris Moody for the inspiration to create my first indicator.
The 5 and 30 run together at times but the scalp would be when the equity breaks the 5 go long or short for the scalp and when it breaks the 30 go for the swing trade.
This script allows you to set breakout alerts.
An alert will be triggered only when price breaks and closes beyond the specified prices. You will get an alert on the first candle that closes beyond the levels you set.
The BBC indicator shows price in relation to the upper (in red) and lower (in green) Bollinger Bands
It highlights breaks in the Bands, where the 0-line represents a price equal to the band.
These breaks can either be used as take-profit points or as entry points, depending on trend direction.
Entries can be at the beginning of a break (eg. for impulse or...
HOW TO USE
1. When the price breaks above the green trendline , this is a good sign that the price could be heading up.
2. When the price breaks below the red trendline , this is a good sign that the price could be heading down.
Costs 50 USD Therefore able to access my indicator Lifetime
This is my favourite indicator of all time for long and short term.
This is one of the very unqiue and powerful indicator you can't find on tradingview scripts for free.
If you are interested on this indicator and wanna know why this indicators is so powerful than dm me.
Of course i will let you test out the indicator, so that you can convince...
Based on my previous Breaking Band OnChart Indicator
also on this Chart Oxo-Onc-Ultimate-Price-Action-V2
Trend following - Entry Timer
Sensitive to Fib Numbers and Levels
for Medium Trend 13 21 34
for Major Trend 89 144 233
Onchart previous version...