Aakashparikh787

Market Boss

This indicator uses dynamic support and resistant channels which are very useful measure for technical and quantitative analysis in financial markets that help identifying trends and trend direction. The use of standard deviation gives traders ideas as to when prices are becoming overbought or oversold relative to the long term trend

The basis of a support and resistance channel

   Central Line – is a line drawn according to the least-squares statistical technique which produces a best-fit line that cuts through the middle of price action, a line that best fits all the data points of interest. The resulting fitted model can be used to summarize the data, to predict unobserved values from the same system. Central Line then present basis for the channel calculations..it work as main support and resistance .. price above central line means bullish indication and price bellow it means bearish indication.. some times price reverse by touching central line so its very use full for scalper for short trades

The support and resistance channel

   2. Upper support line – A line that runs parallel to the central line and is usually one to two standard deviations above the central Line.it work as resistance.. price mostly fall down touching this upper support line
   3. Lower resistance line – This line runs parallel to the central line and is usually one to two standard deviations below central Line. It works as support.. price mostly goes up by touching this line

Direction of trend : When channel is upward facing means bullish trend so traders may only look for buy entry and when channel is downward facing means bearish trend so trader may look for short entry...and when channel is parallel means side way market so traders may away from market

█  Volume / Volatility Add-Ons
  High Volatile Bar Indication

Volume Spike Bar Indication

Volume Weighted Colored Bars

You can use it any finical markets.. like stocks, forex ,crypto and commodity
Also added function of ATR and volume change to show buy and sell signal...so it helps trade to make decision for entry and exit
Use it with other indicator for better entry and exits....



Release Notes: remove some volume bugs
Release Notes: added label for better trend following indication

Dr Aakash parikh
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Aakashparikh787 for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

if You want to use this indicator pls personal message me

Want to use this script on a chart?

Warning: please read before requesting access.