Bollinger Bear Sniper/StudyThis is a simple study with buys and sells alerts. This study uses Bollinger Bands to identify strong candles, buys in the middle of candle and sells on the close of candle without holding any position longer than the period of the candle. This is for those who want to make small profit or loss and move on rather than hodling in down trend market. With this approach, bags and hodling are avoided. You either gain on each candle or lose. When your gains are more than your loses then you are in good business.
Since buys are made on candles that have shown strong upward movement and sells on the close of the same candle, loses or completely minimized. This ensures that higher percentage of the transactions result in profit. This works best when use on 30 minutes or above candles.
Use it at your own risk we are NOT responsible.
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John Bollinger's Bollinger BandsJapanese below / 日本語説明は下記
This indicator replicates how John Bollinger, the inventor of Bollinger Bands, uses Bollinger Bands, displaying Bollinger Bands, %B and Bandwidth in one indicator with alerts and signals.
Bollinger Bands is created by John Bollinger in 1980s who is an American financial trader and analyst. He introduced %B and Bandwidth 30 years later.
🟦 What's different from other Bollinger Bands indicator?
Unlike the default Bollinger Bands or other custom Bollinger Bands indicators on TradingView, this indicator enables to display three Bollinger Bands tools into a single indicator with signals and alerts capability.
You can plot the classic Bollinger Bands together with either %B or Bandwidth or three tools altogether which requires the specific setting(see below settings).
This makes it easy to quantitatively monitor volatility changes and price position in relation to Bollinger Bands in one place.
🟦 Features:
Plots Bollinger Bands (Upper, Basis, Lower) with fill between bands.
Option to display %B or Bandwidth with Bollinger Bands.
Plots highest and lowest Bandwidth levels over a customizable lookback period.
Adds visual markers when Bandwidth reaches its highest (Bulge) or lowest (Squeeze) value.
Includes ready-to-use alert conditions for Bulge and Squeeze events.
📈Chart
Green triangles and red triangles in the bottom chart mark Bulges and Squeezes respectively.
🟦 Settings:
Length: Number of bars used for Bollinger Band middleline calculation.
Basis MA Type: Choose SMA, EMA, SMMA (RMA), WMA, or VWMA for the midline.
StdDev: Standard deviation multiplier (default = 2.0).
Option: Select "Bandwidth" or "%B" (add the indicator twice if you want to display both).
Period for Squeeze and Bulge: Lookback period for detecting the highest and lowest Bandwidth levels.(default = 125 as specified by John Bollinger )
Style Settings: Colors, line thickness, and transparency can be customized.
📈Chart
The chart below shows an example of three Bollinger Bands tools: Bollinger Band, %B and Bandwidth are in display.
To do this, you need to add this indicator TWICE where you select %B from Option in the first addition of this indicator and Bandwidth from Option in the second addition.
🟦 Usage:
🟠Monitor Volatility:
Watch Bandwidth values to spot volatility contractions (Squeeze) and expansions (Bulge) that often precede strong price moves.
John Bollinger defines Squeeze and Bulge as follows;
Squeeze:
The lowest bandwidth in the past 125 period, where trend is born.
Bulge:
The highest bandwidth in the past 125 period where trend is going to die.
According to John Bollinger, this 125 period can be used in any timeframe.
📈Chart1
Example of Squeeze
You can see uptrends start after squeeze(red triangles)
📈Chart2
Example of Bulge
You can see the trend reversal from downtrend to uptrends at the bulge(green triangles)
📈Chart3
Bulge DOES NOT NECESSARILY mean the beginning of a trend in opposite direction.
For example, you can see a bulge happening in the right side of the chart where green triangles are marked. Nevertheless, uptrend still continues after the bulge.
In this case, the bulge marks the beginning of a consolidation which lead to the continuation of the trend. It means that a phase of the trend highlighted in the light blue box came to an end.
Note: light blue box is not drawn by the indicator.
Like other technical analysis methods or tools, these setups do not guarantee birth of new trends and trend reversals. Traders should be carefully observing these setups along with other factors for making decisions.
🟠Track Price Position:
Use %B to see where price is located in relation to the Bollinger Bands.
If %B is close to 1, the price is near upper band while %B is close to 0, the price is near lower band.
🟠Set Alerts:
Receive alerts when Bandwidth hits highest and lowest values of bandwidth, helping you prepare for potential breakout, ending of trends and trend reversal opportunities.
🟠Combine with Other Tools:
This indicator would work best when combined with price action, trend analysis, or
market environmental analysis.
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このインジケーターはボリンジャーバンドの考案者であるジョン・ボリンジャー氏が提唱するボリンジャーバンドの使い方を再現するために、ボリンジャーバンド、%B、バンドウィズ(Bandwidth) の3つを1つのインジケーターで表示可能にしたものです。シグナルやアラートにも対応しています。
ボリンジャーバンドは1980年代にアメリカ人トレーダー兼アナリストのジョン・ボリンジャー氏によって開発されました。彼はその30年後に%Bとバンドウィズを導入しました。
🟦 他のボリンジャーバンドとの違い
TradingView標準のボリンジャーバンドや他のボリンジャーバンドとは異なり、このインジケーターでは3つのボリンジャーバンドツールを1つのインジケーターで表示し、シグナルやアラート機能も利用できるようになっています。
一般的に知られている通常のボリンジャーバンドに加え、%Bやバンドウィズを組み合わせて表示でき、設定次第では3つすべてを同時にモニターすることも可能です。これにより、価格とボリンジャーバンドの位置関係とボラティリティ変化をひと目で、かつ定量的に把握することができます。
🟦 機能:
ボリンジャーバンド（アッパーバンド・基準線・ロワーバンド）を描画し、バンド間を塗りつぶし表示。
オプションで%Bまたはバンドウィズを追加表示可能。
バンドウィズの最高値・最安値を、任意の期間で検出して表示。
バンドウィズが指定期間の最高値（バルジ※）または最安値（スクイーズ）に達した際にシグナルを表示。
※バルジは一般的にボリンジャーバンドで用いられるエクスパンションとほぼ同じ意味ですが、定義が異なります。(下記参照)
バルジおよびスクイーズ発生時のアラート設定が可能。
📈 チャート例
下記チャートの緑の三角と赤の三角は、それぞれバルジとスクイーズを示しています。
🟦 設定:
Length: ボリンジャーバンドの基準線計算に使う期間。
Basis MA Type: SMA, EMA, SMMA (RMA), WMA, VWMAから選択可能。
StdDev: 標準偏差の乗数（デフォルト2.0）。
Option: 「Bandwidth」または「%B」を選択（両方表示するにはこのインジケーターを2回追加）。
Period for Squeeze and Bulge: Bandwidthの最高値・最安値を検出する期間（デフォルトはジョン・ボリンジャー氏が推奨する125）。
Style Settings: 色、線の太さ、透明度などをカスタマイズ可能。
📈 チャート例
下のチャートは「ボリンジャーバンド」「%B」「バンドウィズ」の3つを同時に表示した例です。
この場合、インジケーターを2回追加し、最初に追加した方ではOptionを「%B」に、次に追加した方では「Bandwidth」を選択します。
🟦 使い方:
🟠 ボラティリティを監視する:
バンドウィズの値を見ることで、価格変動の収縮（スクイーズ）や拡大（バルジ）を確認できます。
これらはしばしば強い値動きの前兆となります。
ジョン・ボリンジャー氏はスクイーズとバルジを次のように定義しています：
スクイーズ: 過去125期間の中で最も低いバンドウィズ→ 新しいトレンドが生まれる場所。
バルジ: 過去125期間の中で最も高いバンドウィズ → トレンドが終わりを迎える場所。
この「125期間」はどのタイムフレームでも利用可能とされています。
📈 チャート1
スクイーズの例
赤い三角のスクイーズの後に上昇トレンドが始まっているのが確認できます。
📈 チャート2
バルジの例
緑の三角のバルジの箇所で下降トレンドから上昇トレンドへの反転が見られます。
📈 チャート3
バルジが必ずしも反転を意味しない例
下記のチャート右側の緑の三角で示されたバルジの後も、上昇トレンドが継続しています。
この場合、バルジは反転ではなく「トレンド一時的な調整（レンジ入り）」を示しており、結果的に上昇トレンドが継続しています。
この場合、バルジは水色のボックスで示されたトレンドのフェーズの終わりを示しています。
※水色のボックスはインジケーターが描画したものではありません。
また、他のテクニカル分析と同様に、これらのセットアップは必ず新しいトレンドの発生やトレンド転換を保証するものではありません。トレーダーは他の要素も考慮し、慎重に意思決定する必要があります。
🟠 価格とボリンジャーバンドの位置関係を確認する:
%Bを利用すれば、価格がバンドのどこに位置しているかを簡単に把握できます。
%Bが1に近ければ価格はアッパーバンド付近、0に近ければロワーバンド付近にあります。
🟠 アラートを設定する:
バンドウィズが一定期間の最高値または最安値に到達した際にアラートを設定することで、ブレイクアウトやトレンド終了、反転の可能性に備えることができます。
🟠 他のツールと組み合わせる:
このインジケーターは、プライスアクション、トレンド分析、環境認識などと組み合わせて活用すると最も効果的です。
Bollinger BandWidth Squeeze BreakoutBollinger BandWidth Squeeze Breakout
Description:
This indicator merges classic Bollinger BandWidth (BBW) with TTM Squeeze Pro-style compression dots. It identifies volatility contractions, very effective at identifying chop or ranging markets, and color-codes the BBW line based on directional breakout bias—helping traders anticipate explosive moves before they happen.
It supports multi-level squeeze detection:
High Compression (Orange) : Tightest squeeze — highly coiled setup
Medium Compression (Red) : Moderate squeeze — building pressure
Low Compression (Black) : Light squeeze — early contraction
(No dot means no squeeze – free expansion)
How It Works
Bollinger BandWidth (BBW):
Calculated as the percent width between Bollinger Bands over a selected moving average (SMA, EMA, etc.). A rising BBW suggests volatility expansion; falling BBW indicates compression.
Directional Bias (BBW Color):
The line is colored green when recent bars show upside breakout pressure, red when downside pressure dominates, and gray when neutral. This is based on cumulative position of price relative to the Bollinger Bands.
TTM Squeeze Pro Dots:
Compression dots plotted on the zero line represent volatility squeeze levels, using up to 3 Keltner Channel thresholds:
Orange Dot : High compression (tightest squeeze zone)
Red Dot : Medium compression
Black Dot : Low compression
(No dot means no squeeze — price is expanding)
Expansion & Contraction Context:
Plots historical highest/lowest BBW values (user-defined period) to help spot extreme conditions.
How to Interpret:
Use squeeze dots to identify when the market is “chop/ranging.” Breakouts from these zones often come with sharp moves.
BBW Line Color = Bias Filter:
Green → Bullish expansion pressure
Red → Bearish expansion pressure
Gray → Neutral or undecided
Use this to filter direction before entering a breakout or momentum trade.
Inputs:
Length : Period for BB and Keltner calculations
MA Type : Choose from SMA, EMA, SMMA, WMA, VWMA, or None
StdDev : Standard deviation for BB
Expansion/Contraction Lengths : Historical window to track BBW extremes
Source : Input source for all calculations (default: Close)
Keltner Multipliers : Customize thresholds for high/mid/low compression
Best For:
Traders looking to anticipate breakout direction
Scalpers and swing traders seeking early volatility cues
Anyone using BB or TTM Squeeze logic in their setups
Pro Tips:
Combine with momentum tools (e.g., RSI, MACD, SMI, CCI) to confirm breakout thrust
Use squeeze dot color shifts (red/orange → no dot) as a breakout timing tool
Use historical BBW highs/lows as context for relative volatility expansion
custom Bollinger bands with filters - indicator (AS)-----------Description-------------
This indicator is basically Bollinger bands with many ways to customize. It uses highest and lowest values of upper and lower band for exits. I think something is wrong with the script but cant find any mistakes – most probably smoothing. The ATR filter is implemented but is working incorrectly. In code you can also turn it into strategy but I do not recommend it for now as it is not ready yet.
So this is my first script and I am looking for any advice, ideas to improve this script, sets of parameters, markets to apply, logical mistakes in code or any ideas that you may have. Indicator was initially designed for EURUSD 5MIN but I would be interested in other ideas.
-----------SETTINGS--------------
---START - In starting settings we can choose
Line 1: what parts to use BB/DC/ATR
Line 2: what parts to plot on chart
Line 3 Whether or not apply smoothing to BB or ATR filter
Line 4 Calculate deviation for BB from price or Moving average
Line 5 Fill colors and plot other parts for debug (overlay=false)
Line 6:( for strategy) – enable Long/Short Trades
---BB and DC – here we modify Bollinger bands and Donchian
Line 1: Length and type of BB middle line and also length of DC from BB
Line 2: Length and type of BB standard deviation and multiplier
Line 3: Length and type of BB smoothing and %width for BB filter
---ATR filter – (not ready fully yet)
Line 1: type and length of ATR
Line 2: threshold and smoothing value of ATR
---DATE and SESSION
Line 1: apply custom date or session?
Line 2: session hours settings
Line 3:Custom starting date
Line 4: Custom Ending date
-----------HOW TO USE--------------
We open Long if BB width is bigger than threshold and close when upper band is no longer highest in the period set. Exact opposite with Short
Bollinger Bands %B (ValueRay)One of the key features of this BB%B is its ability to highlight overbought and oversold conditions. This allows you to make informed decisions on when to enter and exit a trade, helping you maximize your profits and minimize your losses.
- Bollinger Bands %B with the ability to change to a different Time Frame.(Defaults to current Chart Time Frame).
- Ability To Turn On/Off Background Highlighting if BB %B is Above/Below 0 / 1 thresholds.
- Ability To Turn On/Off Background Highlighting when BB %B Crosses back above/unser 0/1 thresholds.
---
My personal recommandation use: combine with CM_Ultimate RSI Multi Time Frame (ChrisMoody) and have solid oversold/overbought levels, when hes RSI and my BB %B are bot red/green
Rails v2Centered around a Variable Moving Average (Rail Line). The Variable Moving Average (VMA) is a study that uses an Exponential Moving Average being able to automatically adjust its smoothing factor according to the market volatility.
In addition to the Rail Line or VMA, the indicator makes use of Bollinger Bands in two ways. First, it displays when the Bollinger Bands are in a squeeze and the potential direction of the breakout. The "squeeze" is the central concept of Bollinger Bands. When the bands come close together, constricting the moving average, it is called a squeeze. A squeeze signals a period of low volatility and is considered by traders to be a potential sign of future increased volatility and possible trading opportunities. The Bollinger Bands are also utilized to highlight when price action might reverse. This signals when price closes outside of the bands, quickly reverts and closes within the bands
The indicator makes use of the Hull Moving Average as a method to quickly capture price action moves thanks to its ability to eliminate lag while managing to improve smoothing at the same time.
Finally, the indicator utilizes Volume Point of Control (VPOC) to determine points in price where the highest amount of volume was traded. Unlike the market profile, the indicator will plot the Volume POC per candle. The script will also plot Trapped Volume. This is important as it tends to serve a signal for reversal. The more price moves away from the trapped volume, Long/Short traders might be forced to cover and price could quickly move away from the area.
DEFAULT SIGNALS: All signals can be turned Off/On by user
Dots = Short Term Trend
Rails Bar Color = Medium Term Trend
Rail Line (VMA) = Long Term Trend
Crossover of Moving Averages = X
Volume Pulse = Large Up/Down Triangle
Potential Bullish Reversal = Light Blue Candle
Potential Bearish Reversal = Pink Candle
Potential Reversal Confirmation = Orange Candle
Squeeze = Shaded White Cloud
Potential Breakout Direction = Small Golden Triangle
Hull Moving Average = Thin Golden Line
Volume POC = Thin Horizontal White Line on Candle
Volume Threshold POC = Thin Horizontal Yellow Line on Candle
Trapped Volume POC = Thin Horizontal Red Line on Candle
Bollinger Band Width Percentile - Multi Time FrameMy plan with this indicator was when trading at short timeframes, to modify my expectations on the potential impact of short term volatility based on volatility in longer timeframes, and when trading on longer timeframes to attempt to find an optimal entry point based on shorter term volatility.
The BBWP is calculated for a short, medium and long timeframe, alerts are triggered at extremities with the ability to filter by moving averages and chart movement. The alerts also trigger a plot to the "Backtest Signal" which can be used to trigger trades in a backtester.
Please see the discussions of how I'm using this indicator in the comments below.
Thanks to The_Caretaker for "Bollinger Band Width Percentile" upon which this multi time frame version is based.
+ %UMAIf you are familiar with the %B for use with Bollinger Bands, then you will understand this indicator immediately.
Designed for use with my +UMA moving average, this works in exactly the same way, with a few differences.
First off, as you can choose on which type of moving average the calculations are made, so too you will want to match this up with the one you are using. That of course goes for the standard deviation as well (just like you would with Bollinger Bands and %B). Here, because the +UMA uses highs and lows to create a sort of moving average channel, and then also to create the bands, I've opted to set the inner part of the bands as the extreme edge that the %UMA equates with the upper and lower lines.
I've added a moving average, donchian channels, and auto-plotted divergences as well, if you like. Typical color related stuff that I do. Alerts for everything.
Hope you like it!
The above image is comparing two of the same indicator, but based on different moving averages, and how it might plot divergences differently between the two.
Bricklayer's Volatility MeterBricklayer's Volatility Meter will calculate Bollinger Bands Width up to 20 different lengths between lowest and highest input.
• If it is increasing, the brick will be green.
• If it is decreasing, the brick will be red.
The idea is that if volatility is decreasing across an increasing number of periods, the market will be ready for different strategies than when it is increasing.
Good luck trading!
BBT‴ | Bollinger Band Trend Zone‴What does it do?
Makes available to you the BB (Bollinger Bands) in a colored format and provies signal on the right side bar according to a Short, Mid or Long period.
If the candles are going out of the Bands too often, then use the Extended Bollinger Band atributes available to create an extra band around the original ones.
How does it work?
The BB drawing is the exact same as the ordinary one. The big deal here is that the BB shade can be represented by a Short, Mid or Long MA period (7, 20 or 55 period), that you want it to be presented in the shade, which is the same as the MA lines you regularly use. When the MA goes down you have a given color and when the MA goes up you have another given color. This way you don't need to keep looking the MA lines, just perceive the current shade color.
What's my filling?
Makes the quick perception very easy, just look to the chart.
Indicator attributes:
- BB shade color acording to trend
- BB band line colors acording to trend
- right side bar signals color acording to trend
- BB shade can be darker, just drop the box and choose the darker version of it
- Extended Bollinger Band to create an extra band around the original ones
To have access to this indicator, please DM me.
Don't contact me in the comment area.
+ BB %B: MA selection, bar coloring, multi-timeframe, and alerts+ %B is, at its simplest, the classic Bollinger Bands %B indicator with a few added bells and whistles.
However, the right combination of bells and whistles will often improve and make a more adaptable indicator.
Classically, Bollinger Bands %B is an indicator that measures volatility, and the momentum and strength of a trend, and/or price movements.
It shows "overbought" and "oversold" spots on a chart, and is also useful for identifying divergences between price and trend (similar to RSI).
With + %B I've added the options to select one or two moving averages, candle coloring, and a host of others.
Let's start with the moving averages:
There are options for two: one faster and one slower. Or combine them how you will, or omit one or both of them entirely.
Here you will find options for SMA, EMA (as well as double and triple), Hull MA, Jurik MA, Least Squares MA, Triangular MA, Volatility Adjusted MA, and Weighted MA.
A moving average essentially helps to define trend by smoothing the noise of movements of the underlying asset, or, in this case, the output of the indicator.
All of these MAs available track this in a different way, and it's up to the trader to figure out which makes most sense to him/her.
MA's, in my opinion, improve the basic %B by providing a clearer picture of what the indicator is actually "seeing", and may be useful for providing entries and exits.
Next up is candle coloring:
I've added the option for this indicator to color candles on the chart based on where the %B is in relation to its upper and lower bounds, and median line.
If the %B is above the median but below the upper bound, candles will be green (showing bullish market structure). If %B is below the median but above the lower bound, candles will be red (denoting bearish market structure).
Overbought and oversold candles will also be colored on the chart, so that a quick glance will tell you whether price action is bullish/bearish or "oversold"/"overbought".
I've also added functionality that enables candles to be colored based on if the %B has crossed up or crossed down the primary moving average.
One example as a way to potentially use these features is if the candles are showing oversold coloration followed by the %B crossing up your moving average coloration. You might consider a long there (or exit a short position if you are short).
And the last couple of tweaks:
You may set the timeframe to whatever you wish, so maybe you're trading on the hourly, but you want to know where the %B is on the 4h chart. You can do that.
The background fill for the indicator is split into bullish and bearish halves. Obviously you may turn the background off, or make it all one color as well.
I've also added alerts, so you may set alerts for "overbought" and "oversold" conditions.
You may also set alerts for %B crossing over or under the primary moving average, or for crossing the median line.
All of these things may be turned on and off. You can pretty much customize this to your heart's delight. I see no reason why anyone would use the standard %B after playing with this.
I am no coder. I had this idea in my head, though, and I made it happen through referencing another indicator I was familiar with, and watching tutorials on YouTube.
Credits:
Firstly, thanks to www.tradingview.com for his brilliant, free tutorials on YouTube.
Secondly, thanks to www.tradingview.com for his beautiful SSL Hybrid indicator (and his clean code) from which I obtained the MAs.
Please enjoy this indicator, and I hope that it serves you well. :)
DBT Squeeze Breakout ScannerThe DBT Squeeze Scanner helps you keep an eye on 10 instruments at the same time. It uses a modified version of the DBT Squeeze strategy and scans this strategy against 10 instruments at the same time.
The scanner looks for areas of low volatility signified by a Bollinger Band squeeze and a light blue coloring on the scanner. Once it is squeezing it looks for potential breakout or breakdown opportunities
The scanner has warning signals for both long and short (sell for non margin exchanges) signals, these warning signals are shown as follows:
Light Blue = Bollinger Band Squeeze
Purple = Get ready for a Breakout
Pink = Squeeze has let go and a Breakout is Incoming
Orange = Get ready for a Breakdown
Yellow = Squeeze has let go and a Breakdown is Incoming
All of these signals have their own TradingView alerts. Alerts can be set for anyone of the 10 chosen instruments. Over 10 different kinds of alerts can be setup all at the same time.
This indicator is designed specifically for trending markets, and can be used in many different markets including: Equities, Futures, Commodities, Forex, and Cryptocurrencies. it will give significantly different signals in ranging markets. This indicator is also designed to be 100% preference, PLEASE make sure to choose which 10 instruments you want to watch, the defaults are just some of the major Cryptocurrencies.
Use at your own risk. This is not financial advise and this indicator is not guaranteed to make you profits. Please message me if you have any questions or feedback. Enjoy.
MADE BY GYROMATICAL
MACD+BB (SH v1.1)Twitter: @DrSHelmet. All credit and thanks to @cryptobiasfunke for this strategy.
Disclaimer: I take no responsibility for your usage of this indicator.
Description:
Indicator version: 1.1
This custom script plots the MACD histogram, applies Bollinger bands to the histogram, and then colours the Bollinger bands in different colours depending on whether the bands are contracting or expanding.
Suggested strategy:
Periods of low volatility, seen in a Bollinger band pinch, are followed by large moves (BB expansion). A contraction of the MACD BB may similarly precede a significant move in price. This indicator allows you to see when such a move may be starting, by watching for colour change (default: blue-->orange) on the BB lines after a BB pinch has occured. If the MACD histogram is increasing in magnitude and surfing the BB in a certain direction, this suggests a price move is starting in the direction of the histogram.
Intended for short-timeframe scalping (<1hr charts), but initial testing suggests some validity on higher timeframes.
Bollinger Bands SqueezeEnglish:
Simple histogram, showing Squeeze of Bollinger Bands.
Usage is simple - when price is in Squeeze, no entries in any direction. For using with Bollinger Bands indicator, including binary options.
Russian
Простой индикатор, наглядной отображающий стадию Сжатия лент Боллинджера.
Простой в использовании - когда цена в Сжатии - не входим в сделку. Особенно эффективен при связке с индикатором лент Боллинджера и входе в сделку при раскрытии лент. Также применим для бинарных опционов
Example/Пример
Chauvenet RadiusThe Chauvenet criterion is a well-known criterion of selection and rejection of the data used by the Physics. It establishes that in an experiment is well to discard the data whose distance from the average is greater than a certain number of the delta.
In the stock market if prices move away from the average with a volatility too high are suspect. This principle is embodied in the Chauvenet floor with the definition of two asymptotes and two data areas rejection.
The Chauvenet Radius is the quadratic sum of the delta (distance from average) and sigmoid (volatility) and is therefore an obvious market stability index. In fact the moments when price strongly moves away from the average with high volatility coincide with the moments of high instability of the market.
It can be considered an evolution of John Bollinger method introduced during the '80.
Source: www.performancetrading.it
Bollinger Bands Regression Forecast [BigBeluga]🔵 OVERVIEW
The Bollinger Bands Regression Forecast combines volatility envelopes from Bollinger Bands with a linear regression-based projection model .
It visualizes both current and future price zones by extrapolating the Bollinger channel forward in time, giving traders a statistical forecast of probable support and resistance behavior.
🔵 CONCEPTS
Classic Bollinger Bands use a moving average (basis) and standard deviation (deviation) to form dynamic envelopes around price.
This indicator enhances them with linear regression slope detection , allowing it to forecast how the band may expand or contract in the future.
Regression is applied to both the band’s basis and deviation components to predict their trajectory for a user-defined number of Forecast Bars .
The resulting forecast creates a smoothed, funnel-shaped projection that dynamically adapts to volatility.
▲ and ▼ markers highlight potential mean reversion points when price crosses the outer bounds of the bands.
🔵 FEATURES
Forecast Engine : Uses linear regression to project Bollinger Band movement into the future.
Dynamic Channel Width : Adapts standard deviation and slope for realistic volatility modeling.
Auto-Labeled Levels : Displays live upper and lower forecast values for quick reference.
Cross Signals : Marks potential overbought and oversold zones with ▲/▼ signals when price exits the band.
Trend-Adaptive Basis Color : Basis line automatically switches color to represent short-term trend direction.
Customizable Colors and Widths for complete visual control.
🔵 HOW TO USE
Apply the indicator to visualize both current Bollinger structure and its forward projection.
Use ▲/▼ breakout markers to identify short-term reversals or volatility shifts.
When price consistently rides the upper band forecast, the trend is strong and likely continuing.
When regression shows narrowing bands ahead, expect a volatility contraction or consolidation period.
For range traders, outer projected bands can be used as potential mean reversion entry points .
Combine with volume or momentum filters to confirm whether breakouts are genuine or fading.
🔵 CONCLUSION
Bollinger Bands Regression Forecast transforms classic Bollinger analysis into a predictive forecasting model .
By merging volatility dynamics with regression-based extrapolation, it provides traders with a forward-looking visualization of likely price boundaries — revealing not only where volatility is but also where it’s heading next.
RSI Reversal + BB RSIReversal Alerts
SELL Reversal (reversalSELL)
Triggers when:
RSI touches or crosses above the upper BB, and
The current candle is bearish (close < open).
→ Plots a small red circle above the candle
→ Fires alert named “reversalSELL”
BUY Reversal (reversalBUY)
Triggers when:
RSI touches or crosses below the lower BB, and
The current candle is bullish (close > open).
→ Plots a small green circle below the candle
→ Fires alert named “reversalBUY”
Zero Lag MTF Moving Average by CoffeeshopCryptoBased on Moving Average Types supplied by @TradingView www.tradingview.com
Ideas and code enhanced to show higher timeframe by @CoffeeShopCrypto
It’s time to take the guesswork out of moving averages and multiple timeframes when day trading. Moving averages are a cornerstone of many trading strategies, often viewed as dynamic support and resistance levels. Traders rely on these levels to anticipate price reactions, whether it’s a bounce in a trending market or a reversal in a ranging one. Additionally, the direction and alignment of multi timeframe moving averages—whether they’re moving in the same direction or diverging—provide critical clues about market momentum and potential reversals. However, the traditional higher timeframe moving average indicators force traders to wait for higher timeframe candles to close, creating lag and missed opportunities.
The Old Way
For example: If you are on a 5 minute chart and you want to observe the location and direction of a 30 minute chart Moving Average, you'll need to wait for a total of 6 candles to close, and again every 6 candles after that. This only creates more lag.
The New Way
Now there is no waiting for high timeframe session candles to close. No matter what timeframe Moving Average you want to know about, this indicator will show you its location on your current chart at any time in real time.
For those who prefer Bollinger Bands, this indicator adds a whole new dimension to your strategy. Traders often wait for price action to break outside the lower time frame Bollinger bands before considering a trade, while still seeking key support or resistance levels beyond them. But if you don't know the position of your higher time frame Bollinger, you could be trading into a trap. With Zero Lag Multi Timeframe Moving Average, you can view both your current and higher timeframe Bollinger Bands simultaneously with zero waiting. This lets you instantly see when price action is traveling between the bands of either timeframe or breaking through both—indicating a strong trend in that direction. Additionally, when both sets of Bollinger Bands overlap at the same price levels, it highlights areas of strong consolidation and ranging conditions, giving you a clear picture of market dynamics. This is a key element in price action that tells you there is currently no direction to the market and both the current and higher time frames are flat.
Enter Zero Lag Multi Timeframe Moving Average—the ultimate tool for real-time higher timeframe moving averages and Bollinger Bands. This innovative indicator eliminates the delay, delivering instant, precise values for higher timeframe averages and bands, even on open candles. Seamlessly combining current and higher timeframe data, it allows traders to identify key moments where moving averages or Bollinger Bands align or diverge, signaling market conditions. Whether you’re gauging the strength of a trend, pinpointing potential reversals, or identifying consolidation zones, Zero Lag Multi Timeframe Moving Average gives you the clarity needed to make better trading decisions according to market conditions.
Why is this "Mashup" of moving averages different and important?
Honestly its really about the calculation thats imported through the "import library" function.
Heres what it does:
The ZLMTF-MA is designed to help traders easily see where higher timeframe moving averages and Bollinger Bands are—without needing to switch chart timeframes or wait for those larger candles to close. It works by adjusting common moving average types like SMA, EMA, and VWMA to show what they would look like if they were based on a higher timeframe, right on your current chart. This helps users stay focused on their main timeframe while still having a clear view of the bigger picture, making it easier to spot trend direction, key support and resistance levels, and overall market structure. The goal is to keep things simple, fast, and more visually informative for everyday traders.
Bollinger Bands
When working with Bollinger Bands, a common strategy is to take the trades once price action has escaped through the top or bottom of your current Bollinger Band.
A false breakout occurs when both Bollinger Bands are not moving in the same direction as eachother or when they are overlapping.
Moving Averages as Support and Resistance:
Traders who use Moving Averages as support or resistance, looking for rejections or failures of these areas can now see multiple timeframe price action instantly and simultaneously.
Trading Setup Examples:
Price Action Scenario 1:
Higher Timeframe Ranging-
When price action breaks through a current moving average headed toward a higher timeframe moving average, trades are taken with caution if the moving averages are converging.
Price Action Scenario 2:
Strong Trending Market -
If the moving averages are in the same direction, and your price action is now leading the low timeframe moving average, you have re-entered a strong trend.
Price Action Scenario 3:
High Timeframe Rejections -
If you have a rejection of a higher timeframe moving average, and your both averages are still diverging, this is the end of a pullback as you re-enter a strong trend in the original direction
Price Action Scenario 4:
Trend Reversals -
If you close beyond both the low and high timeframe moving averages, you can consider that price action is strong enough to change direction here and you should prepare for trade setups in the opposite direction of the previous.
HTF MA Label Information:
Even if your high timeframe moving average is turned off, you can still see this label.
It gives you a quick reminder of what high timeframe settings you have used to see MA values.
Johnny's Adjusted BB Buy/Sell Signal"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 Bollinger Bands using a specified length and multiplier. These bands serve to identify potential overbought (upper band) or oversold (lower band) conditions.
Moving Averages: Two moving averages are calculated — a trend moving average (trendMA) and a long-term moving average (longTermMA) — to gauge the market's direction over different time frames.
Market Phase Determination: The script classifies the market into bullish or bearish phases based on the relationship of the closing price to the long-term moving average.
Strong Buy and Sell Signals: Enhanced signals are generated based on how significantly the price deviates from the Bollinger Bands, coupled with the average candle size over a specified lookback period. The signals are adjusted based on whether the market is bullish or bearish:
In bullish markets, a strong buy signal is triggered if the price significantly drops below the lower Bollinger Band. Conversely, a strong sell signal is activated when the price rises well above the upper band.
In bearish markets, these signals are modified to be more conservative, adjusting the thresholds for triggering strong buy and sell signals.
Features:
Flexibility: Users can adjust the length of the Bollinger Bands and moving averages, as well as the multipliers and factors that determine the strength of buy and sell signals, making it highly customizable to different trading styles and market conditions.
Visual Aids: The script vividly plots the Bollinger Bands and moving averages, and signals are visually represented on the chart, allowing traders to quickly assess trading opportunities:
Regular buy and sell signals are indicated by simple shapes below or above price bars.
Strong buy and sell signals are highlighted with distinctive colors and placed prominently to catch the trader's attention.
Background Coloring: The background color changes based on the market phase, providing an immediate visual cue of the market's overall sentiment.
Usage:
This indicator is ideal for traders who rely on technical analysis to guide their trading decisions. By integrating both Bollinger Bands and moving averages, it provides a multi-faceted view of market trends and volatility, making it suitable for identifying potential reversals and continuation patterns. Traders can use this tool to enhance their understanding of market dynamics and refine their trading strategies accordingly.
Best scalping toolExplanation:
This script is a comprehensive indicator that combines three essential technical analysis tools: Money Flow Index (MFI), Relative Strength Index (RSI), and Bollinger Bands (Bollinger %B). It provides insights into market conditions related to cross points of mfi,rsi and B%B.
A buy condition is created when the last candle RSI and MFI are under the bollinger bands, and then in the actual candle the RSI cross up the bollinger low band.
A sell condition is created when the last candle RSI and MFI are above the bollinger bands, and then in the actual candle the RSI cross down the bollinger high band.
Key Components:
MFI (Money Flow Index):
Utilizes the MFI indicator based on a specified length.
Overbought and oversold levels (80 and 20, respectively).
RSI (Relative Strength Index): (Adapted to the mfi chart)
Allows selection of different moving average types (SMA, EMA, etc.) for the RSI calculation.
RSI along with upper and lower bands (70 and 30).
Bollinger Bands:
Provides upper and lower Bollinger Bands based on the RSI's standard deviation.
Visualization Options:
Allows the user to choose between show the buy (green arrow) and the sell (red arrow) .
How It Works:
The indicator amalgamates these three powerful technical indicators to help traders identify potential entry or exit points. The green arrow its a buy signal and the red arrow is a sell signal.
By offering configurable settings and clear visual cues, this indicator assists traders in recognizing critical market conditions and potential trading opportunities.
Disclaimer: This indicator should be used as a tool in a broader trading strategy and not solely for making trading decisions. It's recommended to combine it with other technical or fundamental analysis for comprehensive trading decisions.
Banded Chikou Breakout — Quantifying Ichimoku MomentumTitle: Banded Chikou Breakout — Quantifying Ichimoku Momentum
Overview:
Banded Chikou Breakout (BCB) is a unique, algorithmic script designed to augment the capabilities of traders seeking substantial breakout opportunities. Constructed on the robust principles of the Ichimoku trading strategy, BCB is designed to quantify and filter the Chikou Span's significant breakouts above or below the price action. This script does not aim to replace the Ichimoku system; instead, it enhances it, providing an optimized tool for momentum trading.
Rationale:
Ichimoku traders often scrutinize the Chikou Span's position relative to price action to identify market trends. However, determining whether the Chikou Span is above or below due to a genuine trend or mere market noise can be challenging in choppy markets. BCB resolves this predicament by offering a unique way to interpret the Chikou Span's movement. It does so by quantifying the Chikou Span's momentum and utilizing Bollinger Bands to determine its significance. By effectively differentiating substantial movements from the insignificant, BCB can help traders better navigate the market and increase their potential for profitable trades.
How it Works:
BCB combines three key elements: a Momentum Script (simulating Chikou Span), a Bollinger Band Script, and a Timeframe Switcher, all working together to provide a refined trading perspective.
Momentum Script: Calculates the price difference between the current price and the price 'n' periods ago, transforming the Chikou Span into a quantifiable momentum value that signifies the strength and speed of a market move.
Bollinger Band Script: Computes a Simple Moving Average (SMA) around the momentum, plotting two 'bands' at a specified standard deviation from this SMA. This functionality allows traders to discern when the Chikou Span's momentum is abnormally high or low, signifying a potential significant breakout.
Timeframe Switcher: This feature lets traders apply the BCB script to a different timeframe from the one they are currently viewing. This capability can help traders identify higher timeframe breakouts and trade them with precision on the lower timeframe.
How to Use:
BCB is designed to complement the Ichimoku strategy for effective breakout identification.
Add the BCB script to your trading chart. It plots the momentum (yellow line) and Bollinger Bands (green lines) with the area between the bands shaded blue.
Utilize the Ichimoku strategy to identify larger and smaller timeframe trends.
Optional: Leverage the timeframe switcher to synchronize your trades with higher timeframe trends while operating on lower timeframes.
If the BCB momentum line crosses the upper Bollinger Band while the Ichimoku indicates a bullish trend, it signifies a potential significant upward breakout. Similarly, a cross below the lower band during a bearish trend could denote a significant downward breakout.
Remember, without the context provided by the Ichimoku system's trend analysis, BCB can yield false breakouts. It is, therefore, crucial to use these tools in tandem. I like to check for an Ichimoku trend on the 4H and 1H charts, and then use BCB on charts <60 minutes to capture trends with precision.
