INVITE-ONLY SCRIPT
BBPCT
Updated
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 library
It might or might not be re-published as open source or study protected script , really depends on how future updates goes,how much work will be put in and how unique end result will be.
//Input Options in first release
Option to switch between small (6) variety of filters
(This time no non-traditional filters to avoid overwhelming and confusing users ,current list still yields good diversity for changing indicators behavior and pinpointing best suited filtering direction, in future current types will be swapped with more advanced ones and consolidated into three options tailored for different market conditions - trending,ranging, and balanced(?) - jack of all trades master of none.)
Option to toggle basic warnings about possible reversals,option for colored bars(candles) and/or arrow plots
OB/OS levels can be adjusted via inputs
Note: Current default compiling will lack traditional values as i ditched them and set to personal preference, set to 100 0 for traditional look
Sigma can be changed in inputs,length obviously can be changed too
Source can be changed
//Upcoming updates
Polishment- algorithmic change for cores logic
Attempt to build logic to differentiate pullbacks from reversals
More complex reversal recognition and their confirmations
Proper color coding
//Screencaps
Dont use comment section for asking access , got two warnings already from tradingview moderators because people flood the comment section and apparently its offence from my end to not provide directions for access.
If u are willing to test indicator and actually deliver feedback,ideas, params - Dm(direct message) and we add u ,expiration timer will be set in place to clean up in case no feedback is delivered.
P.S its not likely i will add more people to testing after people count reach 40-50 or script becomes older than week
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 library
It might or might not be re-published as open source or study protected script , really depends on how future updates goes,how much work will be put in and how unique end result will be.
//Input Options in first release
Option to switch between small (6) variety of filters
(This time no non-traditional filters to avoid overwhelming and confusing users ,current list still yields good diversity for changing indicators behavior and pinpointing best suited filtering direction, in future current types will be swapped with more advanced ones and consolidated into three options tailored for different market conditions - trending,ranging, and balanced(?) - jack of all trades master of none.)
Option to toggle basic warnings about possible reversals,option for colored bars(candles) and/or arrow plots
OB/OS levels can be adjusted via inputs
Note: Current default compiling will lack traditional values as i ditched them and set to personal preference, set to 100 0 for traditional look
Sigma can be changed in inputs,length obviously can be changed too
Source can be changed
//Upcoming updates
Polishment- algorithmic change for cores logic
Attempt to build logic to differentiate pullbacks from reversals
More complex reversal recognition and their confirmations
Proper color coding
//Screencaps
Dont use comment section for asking access , got two warnings already from tradingview moderators because people flood the comment section and apparently its offence from my end to not provide directions for access.
If u are willing to test indicator and actually deliver feedback,ideas, params - Dm(direct message) and we add u ,expiration timer will be set in place to clean up in case no feedback is delivered.
P.S its not likely i will add more people to testing after people count reach 40-50 or script becomes older than week
Release Notes
Props to fren https://www.tradingview.com/u/Jolty/ for suggesting and finding this signal type Added pullback signal option in inputs, Experimenting with most efficient len for it right now
Feedback and suggestions into dm :)
Release Notes
Input typoRelease Notes
add divs and adaptive mid levelRelease Notes
added: - alerts when crossing all levels.
- option to only use pivots above a certain level when divergence filtering
- Middle Overbought/Oversold multiplier.
Release Notes
fix div bar coloringInvite-only script
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https://www.insilicoresearch.com/plans
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