PROTECTED SOURCE SCRIPT
[klemenxina] BB% MMA
Updated
BB% based indicator. It tracks the percentage distance between price and its deviations. Using this it shows overbought and oversold levels, signalling a good chance for mean reversion.
Triangles signal a good chance of price changing direction. Meaning green triangle = bull and red triangle = bear.
Script also includes warnings for change of trend when blue diamonds are printed. These indicate a deviation of the indicator baseline (BB%).
For the BB baseline, there are 7 options. When the testing is finished I will eliminate the bad ones.
The indicator works on all timeframes and has inputs for MA lengths, a different input for Hull MA variants and bb% deviation length.
Colouring options include a single colour, position colour which colours the baseline depending where it stands on the scale(+-50) and trend colour that uses trend detection for baseline colouring (red = bear, green = bull)
Script also includes divs.
Users can change the TF of the indi.
If you have any improvement ideas MSG me.
Triangles signal a good chance of price changing direction. Meaning green triangle = bull and red triangle = bear.
Script also includes warnings for change of trend when blue diamonds are printed. These indicate a deviation of the indicator baseline (BB%).
For the BB baseline, there are 7 options. When the testing is finished I will eliminate the bad ones.
The indicator works on all timeframes and has inputs for MA lengths, a different input for Hull MA variants and bb% deviation length.
Colouring options include a single colour, position colour which colours the baseline depending where it stands on the scale(+-50) and trend colour that uses trend detection for baseline colouring (red = bear, green = bull)
Script also includes divs.
Users can change the TF of the indi.
If you have any improvement ideas MSG me.
Release Notes
Added alerts for:-normal divergences
-normal + hidden divergences
Release Notes
Added new logic and removed unnecessary MAs. New indicator trend now automatically selected for baseline colouring. Added option to view trend as background colour.
Fixed diamond/triangle signal overlapping.
Script considered finished.
Release Notes
Small changes to the look of the script.Divs now off by default. Added the filtering MA plot. You can turn it on and off now (on by default). Added bar coloring for the blue diamond signal(need ideas for better colors, msg me pls)
Last update will be new div logic.
Release Notes
Changed div logic, now displays realtime divs(-1 lag). Regular divs now on by default.
Release Notes
:)Release Notes
Better divsVisual update
Release Notes
Added a filter for the OB/OS signalsThere are 3 viewing options:
- Both : Displays filtered and unfiltered signals. Its also the def setting
- Filtered: Displays only filtered signals
- Legacy: Displays without the filter (just like before the update)
Filtered signals are always displayed with the same color. Def is blue.
Filtered signals are made mostly for lower TF
Improved alerts now have every signal
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