Magic Band

I have integrated Moving average, Bollinger bands and Exponential moving average . It has two SMA ,

The first thing is 20 SMA with blue coloured SMA line source as high and red coloured SMA line source as low, this together forms a band which can be used for a swing trade, usually useful in bull run of the stock and price tries to get support on this band.

the second thing in this is similar to the previous set up but it plots 89 period EMA , this becomes useful in the smaller timeframe when one step larger timeframe is near to 20 SMA band

the third thing is plots of Bollinger band with 20 SMA , which gives us an idea on volatility .
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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