OPEN-SOURCE SCRIPT
Updated Foxy's Acceleration Bands
Foxy's Acceleration Bands is a dynamic technical indicator designed to help traders identify potential support and resistance levels using logarithmic regression and adaptable moving averages. By plotting bands around price movements, this indicator offers insights into potential zones where price acceleration, resistance, and support might occur.
How to Use:
Apply the "Foxy's Acceleration Bands" indicator to your TradingView chart.
Customize the indicator parameters as per your requirements:
factor: Adjust the sensitivity of the bands.
length: Set the length for moving averages and regression calculations.
mult: Modify the multiplier for upper bands.
Show Middle Bands: Toggle the display of middle bands.
Show Upper Bands: Toggle the display of upper bands.
Band MA Type: Choose the moving average type for the bands.
Middle MA Type: Select the moving average type for the central band.
Draw Prediction: Enable prediction lines for potential future price trends.
Prediction Slope Type: Choose between a fixed or dynamic slope length for prediction lines.
Fixed Slope Length: Set the slope length for prediction lines (if enabled).
Interpretation:
Upper Bands: The red upper bands indicate potential resistance zones where price acceleration might occur.
Middle Bands: The orange central band provides insights into the prevailing price trend.
Lower Bands: The green lower bands suggest potential support zones where price deceleration might happen.
Prediction Lines: If enabled, dotted lines visualize potential future price trends based on historical data.
Important Note: Foxy's Acceleration Bands is designed to assist traders in identifying potential support and resistance zones. Always complement its insights with other analysis techniques and prudent risk management strategies.
How to Use:
Apply the "Foxy's Acceleration Bands" indicator to your TradingView chart.
Customize the indicator parameters as per your requirements:
factor: Adjust the sensitivity of the bands.
length: Set the length for moving averages and regression calculations.
mult: Modify the multiplier for upper bands.
Show Middle Bands: Toggle the display of middle bands.
Show Upper Bands: Toggle the display of upper bands.
Band MA Type: Choose the moving average type for the bands.
Middle MA Type: Select the moving average type for the central band.
Draw Prediction: Enable prediction lines for potential future price trends.
Prediction Slope Type: Choose between a fixed or dynamic slope length for prediction lines.
Fixed Slope Length: Set the slope length for prediction lines (if enabled).
Interpretation:
Upper Bands: The red upper bands indicate potential resistance zones where price acceleration might occur.
Middle Bands: The orange central band provides insights into the prevailing price trend.
Lower Bands: The green lower bands suggest potential support zones where price deceleration might happen.
Prediction Lines: If enabled, dotted lines visualize potential future price trends based on historical data.
Important Note: Foxy's Acceleration Bands is designed to assist traders in identifying potential support and resistance zones. Always complement its insights with other analysis techniques and prudent risk management strategies.
Release Notes
Update Default MA and Some ParametersRelease Notes
Add Volume Average For SmoothingRelease Notes
Add Volume Paramter and Tweak Default ParametersRelease Notes
Clean-up & Refactor & Better FunctionalityRelease Notes
Add Volume SmoothingRelease Notes
Update Default ParameterRelease Notes
Add Adaptive MARelease Notes
Fix BugRelease Notes
Fix Major bugRelease Notes
Revert Last Fix (Doesn't Work Properly)Release Notes
Add Super Fast BandRelease Notes
Fix Default ParameterRelease Notes
Add Auto-LengthRelease Notes
Fix Length SelectorRelease Notes
Fix Adaptive MARelease Notes
Fix Default Timeframes LengthRelease Notes
Fix Auto TimeframesRelease Notes
Fix Length Selector ValueRelease Notes
Fix Log IssueRelease Notes
Fix typoRelease Notes
Fix Log Issue #2Release Notes
Comment the un-needed functionOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.