PROTECTED SOURCE SCRIPT
EMA Double - Bollinger Bands (BB) & RSI
Updated
This Indicator (2 EMA -BB - RSI ) plots 2 EMA's along with Bollinger Bands and paints RSI Overbought & Oversold Zones on Chart.
RSI zones help quick identification of the overbought & oversold regions. RSI On/Off switch lets it Switch On & Off .
RSI zones help quick identification of the overbought & oversold regions. RSI On/Off switch lets it Switch On & Off .
Release Notes
Release 1.1Added Keltner Channel & Donchian channels for identifying volatility. Switch on KC/DC/BB Channels help to switch on/off .
The Keltner Channel is a moving average band indicator whose upper and lower bands adapt to changes in volatility by using the average true range.
The angle of the channel helps to identify trend direction. A rising channel means price has been rising, while a falling or sideways channel indicates price has been falling or moving sideways, respectively.
Keltner Channels use ATR to calculate the bands. Bollinger Bands use standard deviation instead.
The Donchian channel is an indicator used in market trading developed by Richard Donchian. It is formed by taking the highest high and the lowest low of the last n periods.
Release Notes
Published with Indicator specific chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.