Bollinger Band with Moving Average & Pin BarsThis indicator was specifically built to be used for trading the Scalpius Trading System promoted by @scottphillipstrading. Additionally I've added Daily and Weekly Highs, Lows and Central Pivot lines
The central indicators used in the Scalpius trading system which are included here are: The Bollinger Band, chart plotting of Pin Bars (Hammers & Shooting Stars) and an Exponential Moving Average.
In the settings the user has the option select EMA, SMA or WMA along with desired length, the default settings are 8EMA as per the Scalpius system rules. Also the Bollinger Band settings can be amended by the user and the Pin Bar chart plots and daily + weekly high and low plots can be removed by the user.
Bollingersband
3EMA + Boullinger + PIVOTTRES EMAS + BANDAS DE BOLLINGER + PIVOTE
INDICADOR 1: TRES EMAS (MEDIA MOVIL EXPONENCIAL)
Con este indicador puede visualizar el promedio de precios con mayor peso a los datos mas recientes.
Se calculan y dibujan tres medias móviles exponenciales: 8, 20 y 200 últimas velas.
-Rápida EMA1 = 8
-Media EMA2 = 20
-Lenta EMA 3 = 200
INDICADOR 2: BANDAS DE BOLLINGER
Con este indicador podrá ver la fuerza y la tendencia del mercado, es decir la mide la volatilidad del precio del activo.
Si el precio sobrepasa la banda superior, el activo está sobrecomprado.
Si el precio sobrepasa la banda inferior, el activo está sobrevendido.
Longitud tendencia - BASE = 20, paso = 1
Desviación Estándar - Multiplicador = 2, paso = 0.2
INDICADOR 3: PIVOTE
Este indicador etiqueta los puntos donde el precio es mínimo y máximo, en un rango de velas determinado en el parámetro "Distancia para el Pivote".
Estos 3 indicadores sirven para todo tipo de activos: FOREX, CRIPTO, CFD´s, ETC.
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THREE EMAS + BOLLINGER BANDS + PIVOT
INDICATOR 1: THREE EMAS ( EXPONENTIAL MOVING AVERAGE )
With this indicator you can visualize the average of prices with greater weight to the most recent data.
Three exponential moving averages are calculated and drawn: 4, 20 and 200 last candles.
-Fast EMA1 = 8
-Average EMA2 = 20
-Slow EMA 3 = 200
INDICATOR 2: BOLLINGER BANDS
With this indicator you can see the strength and trend of the market, that is, it is measured by the volatility of the asset price.
If the price goes above the upper band, the asset is overbought.
If the price goes above the lower band, the asset is oversold.
Trend length - BASE = 20, step = 1
Standard Deviation - Multiplier = 2, step = 0.2
INDICATOR 3: PIVOT
This indicator labels the points where the price is minimum and maximum, in a range of candles determined in the parameter "Distance to Pivot".
These 3 indicators are used for all types of assets: FOREX, CRYPT, CFD's, ETC.
K's Reversal Indicator IK's reversal indicator I is a special combination between Bollinger bands and the MACD oscillator. It is a contrarian indicator that depends on the following conditions:
• A buy signal is generated whenever the current market price is below the 100-period lower Bollinger band while simultaneously, the MACD value must be above its signal line. At the same time, the previous MACD value must be below its previous signal line.
• A sell (short) signal is generated whenever the current market price is above the 100-period upper Bollinger band while simultaneously, the MACD value must be below its signal line. At the same time, the previous MACD value must be above its previous signal line.
The way to use K's reversal indicator is to combine it with your already long/short bias in a sideways/range market in order to maximize the probability of success.
Limitations of the indicator include the following:
• There are no clear exit rules that work well on average across the markets. Even though K’s reversal indicator gives contrarian signals, it does not show when to exit the positions.
• As with other indicators, it underperforms on some markets and is not to be used everywhere.
• False signals tend to occur during trending markets but there is no proven way to detect a false signal.
Trending Bollinger Bands by SiddWolfBollinger Bands are mostly used for trend reversal. I believe they should be used for Trend Continuation and Trend Confirmation.
In this Trending Bollinger Bands script you will see two bands drawn on chart. The Upper band is suggestive of Uptrend and Lower Band is suggestive of Downtrend Market. It just provides the guidance of where the market is now and where it is headed. It is not to be used as a standalone indicator. Use this to confirm your hypothesis of Uptrend or Downtrend.
Bollinger Bands Trend
When the price crosses the moving average it is interpreted as the price is gonna continue in that direction. But most of the time it is a fake breakout. With this script you get an additional confirmation so that you know it is not a fake breakout and the price have caught the trend.
Bollinger Bands Reversal:
This indicator can also work for reversal. For example when price closes outside the outer bands, it is most likely that the trend is gonna reverse. Don't just enter the trade wait for some other confirmation as reversal trading is more complicated.
Confluence:
Confluence is the key factor for profitable trading. Don't use this indicator as standalone indicator instead combine it with other indicators and price action. Like the divergence occurring when the price is outside the bands is suggestive of trend reversal. I have created a non-delay, non-repaint indicator for finding divergence. I'd soon publish that script. Stay tuned.
Settings is the Key:
Try to play around with the settings. It is a simple yet effective indicator. Change the moving average type or length. I've found moving average RMA or WMA works better than SMA. Find the best setting that works with your setup. Set the Band Source as High/Low to make the outer bands more extreme.
Conclusion:
This is my first script but it isn't my last. I've created quite a few gems that I'm gonna publish soon. If you have any questions or suggestions feel free to comment below. I'd love to connect with you. Thank you.
TSI in Dynamic Zones with Divergence and Pivot PointsTrue Strength Index , or TSI is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The chart is climbing while the TSI oscillator is slowly declining, gets weaker and weaker, maybe even prints bearish divergences? That means that a reversal might be occurring soon. Leading indicators are best paired with Stop and Resistance Lines, General Trendlines , Fib Retracements etc. Your chart is approaching a very important Resistance Trendline but the TSI shows a very positive signal? That means there is a high probability that the Resistance is going to be pushed through and becomes Support in the future.
What are those circles?
-These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What are those triangles?
- These are Pivots . They show when the TSI oscillator might reverse, this is important to know because many times the price action follows this move.
What are these blue or orange areas?
- Those are dynamic zones. For the analysis of the TSI its important to know if the indicator is in a state of oversold or overbought to filter out ranging price movement. Normally those zones are static, in this version of the TSI oscillator dynamic zones were added to show a dynamic calculation whether the TSI oscillator is oversold, overbought or ranging.
Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
(JS) VWAP BandsThis is a pretty simple script here - I took the VWAP and combined it with Bollinger Bands.
The bands can vary a lot based on chart resolution, so I wanted to make sure the resolution could be modified so you can use the resolution you're most comfortable with, or find the most success with.
Length:
Length of bars used to calculate the bands.
Standard Deviation Band 1-3:
There's three bands all together, this option allows you to modify the number of standard deviations per band.
VWAP Period:
This modifies when you want the VWAP to begin (Session, Week, Month, Year).
Offset:
This moves the VWAP and the bands the amount of bars you select, default is of course set to zero.
Source:
This selects the source of calculation, HLC/3 is the default VWAP calculation.
This is a pretty self explanatory script, I thought being able to see the standard deviations of the VWAP could prove to be useful - hope you all like it!
Super Moving Average
Plots one of several types of moving average types
Supports ATR/Kelter Channels
Supports Bollinger Bands
Velocity squeezes shown on the moving average to identify possible turning points
Supports ATR based stop for MA Trend Reversals
MA Trend reversal alert conditions
See related Moving Average Ribbon script.
RSI + BB (EMA) + Dispersion (2.0)First version here
Initial data:
1) RSI
2) Bollinger Bands (Basis - EMA )
3) Dispersion (around basis)
Signal for purchase: RSI crosses the dispersion zone upwards
Signal for sale: RSI crosses the dispersion zone downwards
Buffer zone: white area, it is not recommended to make transactions.
--- Add ( 02.10.2018 )
1) RSI lines (overbought / oversold) = 70 / 30. Сan be changed in the settings.
2) Alerts:
• RSI line crossover Dispersion Zone (green)
• RSI line crossunder Dispersion Zone (red)
