PT TMA Bands
The bands included are of an ATR multiplier based on multiple moving averages. Each moving average has a unique feature that offers a high probability reaction when price gravitates towards it. We have color-coordinated the bands into three zones. The Main zone being the middle area where the asset tends to play ping pong & range, Top zone, which offers the best RR for shorts & the bottom zone, which provides the best RR for longs.
Strategy:
When scalping or swinging, always look for shorts close to the red zone as possible with a stop loss above the red band. When longing, always look for longs close to the green zone area with a stop loss below the green band. Anything in orange is a neutral zone, which will confirm the asset is more than likely ranging. I don’t advise taking trades in that zone unless you have solid risk management. When playing the macros, H12+ always look for price to find support at the orange (middle) band before deciding on a shift in trend. If the asset breaks down from the orange (middle) band, you usually get a retest of that band before further downside. Also, something to consider, if you punt longs at the green zone, you want to target the orange (middle) band. If you punt shorts at the red zone, you want to target the orange (middle) band. I usually take 70% off at the middle band & let the rest run if ultimately end up in the opposite zone.
This Oscillator is best with the buy/sell signals we provide. It offers extra confluence with stop loss & targets. I enjoy using it on all time frames for swinging & scalping. It is included as part of the library. Just message us for access!
-Added trend logic to mid band for trend visual. Green for bullish trend, Red for bearish trend, Gray for neutral.
-Added alerts for top/bottom band
-Added multi timeframe feature
-Added second middle band feature
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Author's instructions
✔ Website: whop.com/patterntraders
✔ Telegram: t.co/svvfkV3H7I?amp=1
✔ Discord: discord.gg/bqvYxc3
✔ Twitter: twitter.com/onlypatterns
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact patterntraders directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
✔ Website: whop.com/patterntraders
✔ Telegram: t.co/svvfkV3H7I?amp=1
✔ Discord: discord.gg/bqvYxc3
✔ Twitter: twitter.com/onlypatterns