OPEN-SOURCE SCRIPT
Updated Bermaui Variety Averages Bands [Loxx]
Bermaui Variety Averages Bands [Loxx] is a reverse Bollinger Bands indicator with Loxx's Variety Moving Averages and Loxx's Expanded Source Types.
What are Bermaui Bands?
Bermaui Bands (BB) is a technical analysis tool that help filter between ranging and trending price movements. A buy signal is made when price crosses above the upper band, a sell signal is made when price crosses below the bottom band. The idea is when the bands are far apart, this is low volatility; when the bands are close together, this is high volatility.
Included
What are Bermaui Bands?
Bermaui Bands (BB) is a technical analysis tool that help filter between ranging and trending price movements. A buy signal is made when price crosses above the upper band, a sell signal is made when price crosses below the bottom band. The idea is when the bands are far apart, this is low volatility; when the bands are close together, this is high volatility.
Included
- Loxx's Expanded Source Types
- Loxx's Moving Averages
- Alerts
- Signals
Release Notes
- Added background markings to better see signals.
- Added continuation longs/shorts to increase signal volume. This addition adds a lot of noise so by default these continuation signals are not shown. This is for advanced users.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Public Telegram Group, t.me/algxtrading_public
VIP Membership Info: patreon.com/algxtrading/membership
VIP Membership Info: patreon.com/algxtrading/membership
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Public Telegram Group, t.me/algxtrading_public
VIP Membership Info: patreon.com/algxtrading/membership
VIP Membership Info: patreon.com/algxtrading/membership
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.