BINANCE:BTCUSDT
* * * TESTED ON BTCUSDT 4H CHART * * *
The indicator gives signals based on possible ENTRY/EXIT zones (calculated using an ema ribbon of the BBW) and BB%B oversold/overbought conditions, also a 200 EMA filter is used to trade following the major trend.
ENTRY/EXIT zones can be used as a confirmation on other strategies (green zones suggest a...
All these indicators are by Mel Widner.
Projection Bands :
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These project market data along the trend with the maxima and minima of the projections defining the band. The method provides a way to signal potential direction changes relative to the trend. Usage is like any other trading band.
Projection...
Bollinger Bands coloured to more clearly show periods of contraction and expansion. Green filled bands indicate expansion/increasing bandwidth, and red fill indicates contraction/decreasing bandwidth.
The Projection Bandwidth was created by Mel Widner (Stocks and Commodities Jul 1995) and this is another of my series of indicators that I consider undiscovered gems. For those of you who are unaware, the Bandwidth indicator measures the distance between the high and low bands and if you remember from my Projection Bands script, the Projection Bands give pretty...
The Moving Average Band Width was created by Vitali Apirine (Stocks and Commodities Aug 2021 pg 25) and this is of course an extension based on my previous Moving Average Bands script. For those of you that aren't aware, the Band Width indicator is an indicator that tells you how close the upper and lower bands are to each other which is a great determination of...
![AAPL: Projection Bandwidth [CC]](https://s3.tradingview.com/m/m1ur21A7_mid.png "Projection Bandwidth [CC]")
![AAPL: Moving Average Band Width [CC]](https://s3.tradingview.com/a/azOftrFk_mid.png "Moving Average Band Width [CC]")