To be used over 5 mins for best results
HVB is a standard deviation measure for Percentile,
It helps you figure out the next level of Support and Resistances
> If the HVB width is narrow, its an indication for a Trending market day
> Price crossing the highest green band line symbolises a nice upmove
> Price crossing the lowest red band line symbolises a nice downmove
> Green and Red lines are levels of Support and Resistances with respect to
Percentile calculation part : @cheatcountry
Link to cheatcountry idea
Hope this Helps!
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.
University of London .
Algorithmic Trading Certifications
University of Oxford, Säid Business School .
Electronics and Communications Engineer at core .
Happy to help, message me!
yes i did try it on the 5min charts, does it work for crypto pairs
ok i see it now...
but question what is the annual length setting for and why is it set to 252 default
is it possible to make this work on the 1min TF also???