PP_Drunkentrader

Drunken Bands and Diamond Beep

Drunken Bands and Diamond Beep !!!

Created By Request from groups of young learning traders who don't want to subscribe an indicator for huge sum monthly.

I present three indicators for the community and free to use.
Note : works best in 1 - 10M Time Frame

i am still working to reduce the signals generated.

Description of Indicator:

1. Drunken Bands which will guide you on the trend of the market.
Green - Up Trend
Red - Down Trend
Yellow - Indecision / Side ways market.
Upper Band and Lower Band can be used as Stop Loss or Targets based on the Entry position.

2. Diamond Beep Indicator A.K.A Diamond burst Indicator.
Watch for the Diamond Symbols which indicate most volume traded which crossed the average of volume over past candles.
if Multiple signals are generated when Drunke Band is flat ignore the beeps.
Observe for the Beep when bands are broken up or Down

3. Drunken Zones A.K.A PP Dynamic Zones which is already published
Use the Dynamic Zone as target or Support / Resistance .


I am Open to suggestions and welcome test results if any modification needed.

Happy Learning and Trade Disciplined.
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Comments

Hi sir.. Could you please share the source code?
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2. Diamond Beep Indicator A.K.A Diamond burst Indicator.
Watch for the Diamond Symbols which indicate most volume traded which crossed the average of volume over past candles.
if Multiple signals are generated when Drunke Band is flat ignore the beeps.
Observe for the Beep when bands are broken up or Down
hey hi
cn u plz explain this showing chart
plz i m not getting wht u wnt to sey .. nd plz explain where to buy n sell n target
Drunken Bands and Diamond Beep actually its looking vry interesting but i dnt knw how to use
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Hello PP_Drunkentrade thanks a lot for wonderfull vision plotted as Indicator may be very helpful to Day traders specially trying to break there heads during this Covid atmosphere to earn for lively hood, can i request you add VWAP additonally in this with option of tickking to add or to hide.
But very much helpful for day traders, once again thankyou.
Yours Subscriber
P.Daga
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