Description: The "Bollinger Bands Percentile (BBPct) + STD Channels" mean reversion indicator, developed by AlgoApha, is a technical analysis tool designed to analyze price positions using Bollinger Bands and Standard Deviation Channels (STDC). The combination of these two indicators reinforces a stronger reversal signal. BBPct calculates the percentile rank of...
The Bollinger Band Percentile Suite (𝐵𝐵𝒫𝒸𝓉 𝒮𝓊𝒾𝓉𝑒) is a comprehensive and customizable toolkit built upon the foundation of the %B indicator. The methodology behind this toolkit remains consistent with the original %B indicator, while introducing a host of powerful features to enhance its functionality and adaptability. Key Features and Customization: The 𝐵𝐵𝒫𝒸𝓉...
The Reversion Zone Index (RZI) is an indicator that combines the Commodity Channel Index (CCI), Choppiness Index (CI), and Bollinger Bands Percentage (BBPct) to identify mean reversion signals in the market. It is plotted as an Exponential Moving Average (EMA) smoothed oscillator with overbought and oversold zones, and mean reversion signals are represented by red...
Indicator tracks percentage distance between current price and its historical deviations, to produce premium and discount zones, suggest mean reversions,cooldowns and pullbacks Script so far is traditional,simple, and straight forward ,tinkered it real quick on friend request after failing to find properly done and intuitive work on Bollinger Bands % in pine...