INVITE-ONLY SCRIPT

lilu - 4. LiLu Band + center trend(btc_15min)

※This indicator is specifically designed for the BTC market and is intended for use on 15-minute charts.

LiLu Band + Center Trend is a band indicator similar to Envelopes or Bollinger Bands, which visually represents price flow and support/resistance levels using moving averages. This indicator helps in identifying market volatility and capturing potential trading signals.

Mid Line: Utilizes moving averages to display a central trend line, helping to identify the long-term trend.

Upper and Lower Bands: Draws bands at specified percentages above and below the central line based on the highest highs and lowest lows, indicating support and resistance levels.

Examples:
Trend Confirmation: Observe the direction of the mid line to determine the current market trend.
Entry/Exit Timing: Consider selling when the price reaches the upper band (overbought) and buying when the price touches the lower band (oversold).

bandBands and Channelsliluband

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 LiLu_LiLu for more information, or follow the author's instructions below.

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