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Bollinger Bands (BB)

Bollinger Band CloudThis script shows a cloud of Bollinger bands of various period lengths surrounding price action. The bands can be set to 1.25, 2.25 or 3.25 standard deviations. Functionally, where bands start to converge, especially using 1.25sd, indicates fairly reliable support/resistance. If price action breaks through, price may start trending. There is also an option to flag price action that breaks through 3.2sd for periods lengths greater than 14. When this happens, watch for a possible stall or reversal. This concept is merely standing on the shoulders of @acatwithcharts and @dadshark, and I highly recommend using this alongside their indicators. Do yourself a big favor and get to know their work on Advanced Volatility Theory.
Pine Script® indicator
by warblr
Creentrend Pressure SignalsThe hull moving average is my favorite moving average, as well as slower (55ma Bollinger Bands dev@(1.618)) is my favorite standard deviation indicator. Lets combine the two to evaluate overbought, oversold, and pressure. Use for all time frames- I PREFER daily. Bollinger band MA at 55 Hull ma at 55 The Hull is more reactive and faster than any band on the BB (both at 55) When HULL closes BELOW LOWER BAND- it will print a buy signal, remember- over sold and overbought in VOLATILITY could be dangerous on low time frames, as swift moves typically have short term reversals but return to the main trend eventually, this is why i reccomend daily candles. When PRICE closes ABOVE UPPER BOLLINGER BAND- it will print a green ^ signal under candle indicating upward pressure. When HULL closes ABOVE UPPER BOLLINGER BAND- it will print a red resistance line. Complex tops happen a lot with bitcoin so take a 1-5% stop above it if shorting.
Pine Script® indicator
by creengrack
6
Contrarian Scalping Counter Trend Bb Envelope Adx and StochasticContrarian Scalping is an trading strategy designed to take advanted of a counter-trend. The advantage of these strrategies types is that they have a good profitability but with do not great gain (in relation at the time frame). Indicators used: Bollinger Envelope ADX Stochastic Rules for entry For short: close of the price is above upper band from bb and envelope, adx is below 30 and stochastic is above 50 For long: close of the price is below lower band from bb and envelope, adx is below 30 and stochastic is below 50 Rules for exit For short: either close of the candle is below lower band of bb or enveloper or stochastic is below 50 For long: either close o the candle is above upper band of bb or envelope or stochastic is above 50 If there are any questions let me know !
Pine Script® strategy
by exlux
3
B.Bands | Augmented | Intra-range | Long-OnlyHere you have the essential trading engine based on Bollinger Bands . The idea behind is to trade the intra-range of the bands. How is going to work? Define which Bollinger Bands we want to use. Classic Bollinger Bands or Augmented Bollinger Bands . Without selecting, the algorithm doesn't show a strategy. Define the length of the Moving Average and the Standard Deviation by default the classic 20-2. Define the Bollinger Bands Spread Max Range (Upper-Lower) to be able to determine wheter or not you're in a price range or potential breakout. Define data source to trigger exit and entry points. Define profit based on Middle Band or Opposite Band. Define Stop Loss % and activate Trailing Stop if desired with the percentage required. Determine if you want to sell only on profit after triggering the entry signal. * Note Stop Loss remains activated. Choose a date range if you want to study a specific period. Bear in mind, this is the essential trading engine, open for you to test, try and improve under your requirements. You can determinate when is the ideal market to implement it based on many other indicators. Maybe you wish to change the stop loss settings for ATR, previous low, etc. Totally up to you. Note the script comes with initial capital, fee % and slippage by deault. This may change for your assets. Make sure you define it in advance. NOTE: If you trade assets such BTC, you must update the initial capital. By default 5000 (USD) The script doesn't support fraction trading such 0.01BTC. Will be updated on next version. Feel free to get in touch if you've got any question.
Pine Script® strategy
by JCGMarkets
1
K's Volatility BandsVolatility bands come in all shapes and forms contrary to what is believed. Bollinger bands remain the principal indicator in the volatility bands family. K's Volatility bands is an attempt at optimizing the original bands. Below is the method of calculation: * We must first start by calculating a rolling measure based on the average between the highest high and the lowest low in the last specified lookback window. This will give us a type of moving average that tracks the market price. The specificity here is that when the market does not make higher highs nor lower lows, the line will be flat. A flat line can also be thought of as a magnet of the price as the ranging property could hint to a further sideways movement. * The K’s volatility bands assume the worst with volatility and thus will take the maximum volatility for a given lookback period. Unlike the Bollinger bands which will take the latest volatility calculation every single step of time, K’s volatility bands will suppose that we must be protected by the maximum of volatility for that period which will give us from time to time stable support and resistance levels. Therefore, the difference between the Bollinger bands and K's volatility bands are as follows: * Bollinger Bands' formula calculates a simple moving average on the closing prices while K's volatility bands' formula calculates the average of the highest highs and the lowest lows. * Bollinger Bands' formula calculates a simple standard deviation on the closing prices while K's volatility bands' formula calculates the highest standard deviation for the lookback period. Applying the bands is similar to applying any other volatility bands. We can list the typical strategies below: * The range play strategy : This is the usual reversal strategy where we buy whenever the price hits the lower band and sell short whenever it hits the upper band. * The band re-entry strategy : This strategy awaits the confirmation that the price has recognized the band and has shaped a reaction around it and has reintegrated the whole envelope. It may be slightly lagging in nature but it may filter out bad trades. * Following the trend strategy : This is a controversial strategy that is the opposite of the first one. It assumes that whenever the upper band is surpassed, a buy signal is generated and whenever the lower band is broken, a sell signal is generated. * Combination with other indicators : The bands can be combined with other technical indicators such as the RSI in order to have more confirmation. This is however no guarantee that the signals will improve in quality. * Specific strategy on K’s volatility bands : This one is similar to the first range play strategy but it adds the extra filter where the trade has a higher conviction if the median line is flat. The reason for this is that a flat line means that no higher highs nor lower lows have been made and therefore, we may be in a sideways market which is a fertile ground for mean-reversion strategies.
Pine Script® indicator
by Sofien-Kaabar
Swing Assassin's Consolidated ScriptI put this script together to essentially consolidate a number of scripts that I use on a daily basis into one script. This is an ongoing improvement effort, so there may be some garbage in here right now so keep that in mind if you intend to use this to help in your trading. There are 5 moving averages (Hull). I use the Fast, Mid and Slow to find entries after I us the Medium Slow and Super Slow to identify a trend. Otherwise, I have those three turned off. This script also uses Bollinger Bands which I literally cannot trade without. The script also has anchored VWAP , automated support/resistance lines, and a homebrewed Volume Profile that is a copy from Ildar Akhmetgaleev's indicator "Poor Man's Volume Profile" used under Mozilla Public License Version 2.0.
Pine Script® indicator
by UnknownUnicorn16914442
3
Pluto Star - Bollinger Band Trap//DESCRIPTION //Pluto star appears on a chart when price goes in the in the extreme price range territory, i.e. beyond 2 standard deviation from the mean (or mid Bollinger Band). //What makes a Pluto Star appear on a chart: //1. Check if the candle 's' high and low, both are completely outside of the Bollinger Bands (close, 20, 2) - Lets call it Pluto Star Candle //2. Pluto Star Candle must not be a result of sudden price movement. Hence the previous candle must give a BB Blast. // In other words, the candle must have it's either open or close outside of Bollinger Bands, to confirm a BB Blast before the Pluto Star //3. Candle, following the Pluto Star must not break the high (in case of upper BB i.e. short call) or low (in case of lower BB, i.e. long call), to confirm the reversal to the mean // This implies that Pluto Star appears on chart, above/below the next candle of actual Pluto Star Candle //----- The above 3 conditions make a Pluto Star appear on a chart. But one must wait for a trade signal. Read the following conditions //4. There is a signal line, which is nothing but ema(close,5) //5. The red dotted line is the signal range (and also acts as Stop Loss). The price must close above/below the signal line within the signal range //6. For a red Pluto Star (short call), the price must close below the signal line, within next 6 candles (signal range). Else there is no trigger for a trade //7. For a green Pluto Star (long call), the price must close above the signal line, within next 6 candles (signal range). Else there is no trigger for a trade //8. If any of the candle crosses the Stop Loss line within signal range, there is no trigger for a trade //9. In a normal scenario, the price must return to the mean, i.e. mid Bollinger Band. In best case scenario, it must go to the opposite side Bollinger Band. //Recommendation: Test it with Nifty and Bank Nifty charts on 30 mins and 1 hour timeframes
Pine Script® indicator
by MotiRakam
4
Bollinger Band Gradient (BBG)The Bollinger Band Gradient Indicator uses plenty of Bollinger Bands to create a gradient-looking indicator to help with layered entries . It is similar to a Ribbon but better. This indicator is best used with any volume-related indicator so you can recede from entering into any position with too much momentum to rebound off of any line. Note that this indicator is best used with another strategy like pair trading. It is not recommended to trade based on this indicator only . Please stay aware of any news about the stock you are trading because some events may have a big impact and force the market to go bullish/bearish by a lot. This indicator can be used with all chart types and works well with many other indicators. It allows for complete customization and offers easy-to-understand settings which can be designated to a certain individual. You can modify all settings for the BBs which allows for an even more personalized and adapted Indicator that reflects your trading/ investing needs. You also have the option to choose which type of MAs will be used to create the Bollinger Bands , a few of which include: SMA, EMA, WMA, HMA, RMA, DMA, LSMA, VAMA, TMA, MF. Bollinger Bands are a way to measure and visualize volatility . As volatility increases, the wider the bands become, and the more they deviate from the basis. Likewise, when volatility decreases, the gap between the bands and basis decreases. Yet a big advantage for not only this but many other indicators is created due to the ample count of different settings that are widely used, it is difficult to view the market through the eyes of all types of investors/traders . This indicator manages to counter exactly this issue, you will be able to see all of these settings on one chart and at one time and enter/exit positions accordingly. Using this indicator will allow you to visualize entry and exit points with ease and make order layering (buying/selling in layers) much more simple. You can choose a certain amount of Bollinger Bands you would like displayed and customize all technical and style-related settings related to the BBs . A few of the technical settings you can change for the Bollinger Bands are: Bollinger Band count (Select how many BBs you want to be displayed.) MA type used to make the Bollinger Bands ( EMA, SMA, WMA, etc.) Source (close, open, high, low.) BB length separately (The length of each Bollinger Band, its lookback. How many previous candles should it be based on? Choose each Bollinger Band's lookback length.) BB deviator separately(The standard Deviator applied for the BB for both the upper and lower line.) A few of the style settings you can change for each Bollinger Band are: Fill (the color used to fill from the upper to the lower band) Fill opacity % (the opacity used when filling the upper line to the lower line) This indicator is unique because it can be used for all strategies and all trading styles , for example, day trading or long-term investing, really anything if used correctly. The reason it can be used in so many instances is a result of the detailed and in-depth settings tab that allows for complete customization. This allows the indicator to be used and to be useful in various situations and allows you to dominate the market. Integrated alerts also enhance your efficiency while using this indicator because you can choose to be notified at the crossing of any of the Bollinger Bands. The technical part of this indicator plots the selected amount of Bollinger Bands using custom-built specified Bollinger Bands accordingly. Then it uses the style settings and styles it as you selected.
Pine Script® indicator
by NodeX4
Bollinger Band Layer Entry (BBLE) The Bollinger Band Layer Entry Indicator uses plenty of Bollinger Bands to create an onion-looking layered indicator to help with layered entries. It is similar to a Ribbon but better. This indicator is best used with any volume-related indicator so you can recede from entering into any position with too much momentum to rebound off of any line. Note that this indicator is best used with another strategy like pair trading. It is not recommended to trade based on this indicator only. Please stay aware of any news about the stock you are trading because some events may have a big impact and force the market to go bullish/bearish by a lot. This indicator can be used with all chart types and works well with many other indicators. It allows for complete customization and offers easy-to-understand settings which can be designated to a certain individual. You can modify every single factor of the BBs which allows for an even more personalized and adapted Indicator that reflects your trading/ investing needs. You also have the option to choose which type of MAs will be used to create the Bollinger Bands , a few of which include: EMA, SMA, WMA, HMA, RMA, DMA, LSMA, VAMA, TMA, MF. Bollinger Bands are a way to measure and visualize volatility. As volatility increases, the wider the bands become, and the more they deviate from the basis. Vice versa, when volatility decreases, the gap between the bands and basis decreases. Yet a big advantage for not only this but many other indicators is created due to the ample count of different settings that are widely used, it is difficult to view the market through the eyes of all types of investors/traders. This indicator manages to counter exactly this issue, you will be able to see all of these settings on one chart and at one time and enter/exit positions accordingly. Using this indicator will allow you to visualize entries with ease and make order layering (buying/selling in layers) much more simple. You can choose a certain amount of Bollinger Bands you would like displayed and customize all technical and style-related settings related to each of the BBs separately. A few of the technical settings you can change for each Bollinger Band are: Bollinger Band count (Select how many BBs you want to be displayed.) MA type used to make the Bollinger Bands (EMA, SMA, WMA, etc.) Source (close, open, high, low.) BB length (The length of each Bollinger Band, its lookback. How many previous candles should it be based on? Choose each Bollinger Band's lookback length.) BB deviator (The standard Deviator applied for the BB for both the upper and lower line.) Offset A few of the style settings you can change for each Bollinger Band are: Upper, Lower, Basis line opacity % (separate for each) Upper, Lower, Basis line color (separate for each) Fill (the color used to fill from the upper to the lower band) (separate for each) Fill opacity % (the opacity used when filling the upper line to the lower line) (separate for each) This indicator is unique because it can be used for all strategies and all trading styles, for example, day trading or long-term investing, really anything if used correctly. The reason it can be used in so many instances is a result of the detailed and in-depth settings tab that allows complete customization of each separate Bollinger Band. This allows the indicator to be used and to be useful in various situations and allows you to dominate the market. Integrated alerts also enhance your efficiency while using this indicator because you can choose to be notified at the crossing of any of the Bollinger Bands. The technical part of this indicator plots the selected amount of Bollinger Bands using custom-built specified Bollinger Bands accordingly. Then it uses the style settings and styles it as you selected.
Pine Script® indicator
by NodeX4
1
Bollinger Bands %B - Belt Holds & Inner CandlesThis is a simple strategy that uses Bollinger Bands %B represented as a histogram combined with Candle Beltholds and Inside candles for entry signals, and combines this with "buy" and "sell" zones of the %B indicator, to buy and sell based on the zones you set. How to use: Long when in the green zone and an inside candle (which is highlighted in white) or a bullish belt hold (which is highlighted in yellow), and sell when inside a red zone and has an inside candle or a bearish belt hold (which is highlighted in purple) or the stop loss or take profit is hit. Short when in the red zone and an inside candle (which is highlighted in white) or a bearish belt hold (which is highlighted in purple), and sell when inside a green zone and has an inside candle or a bullish belt hold (which is highlighted in yellow) or the stop loss or take profit is hit. Stop loss / take profit selection: Choose which performs best for you, ATR based uses the average true range, and % based is based on a set percent of loss or profit.
Pine Script® strategy
by tathal
2
RSI Rising Crypto Trending AlertAlert version of the strategy with the same name This is crypto and stock market trending strategy designed for long timeframes such as 4h+ From my tests it looks like it works better to trade crypto against crypto than trading against fiat. Indicators used: RSI for rising/falling of the trend BB sidemarket ROC sidemarket Rules for entry For long: RSI values are rising, and bb and roc tells us we are not in a sidemarket For long: RSI values are falling, and bb and roc tells us we are not in a sidemarket Rules for exit We exit when we receive an opposite direction. Cuation: Because this strategy uses no risk management, I recommend you takje care with it. If you have any questions, let me know !
Pine Script® indicator
by exlux
2
Advanced RSIThis is what I call the advanced RSI. It employs Bollinger bands on the RSI itself, in order to better highlight extremes that are still within the typical 30-70 range on. You'll notice some background highlights. These are simply to mark the extremes. Orange marks your standard overbought, Red marks oversold. Fuchsia marks an RSI outside the lower deviation on the Bollinger Bands. Green marks an RSI outside the upper deviation on the Bollinger bands. Typically while in an uptrend, the RSI dropping below the lower deviation indicates an entry point (fuchsia). The same applies for a downtrend with the RSI rising above the upper deviation (green). You can look at the overlap in colors as even stronger indications because on a more rare occasion you will have the RSI outside the upper/lower deviation as well as being outside the typical oversold/overbought levels. Any feedback is welcome! I try to employ contrasting colors, but they may not make sense to you so change them as you please - they are simply markers.
Pine Script® indicator
by usablewifi
2
BBW EMA RIBBON+BB%B+EMA BUY/SELL SignalsBINANCE:BTCUSDT * * * TESTED ON BTCUSDT 4H CHART * * * The indicator gives signals based on possible ENTRY/EXIT zones (calculated using an ema ribbon of the BBW) and BB%B oversold/overbought conditions, also a 200 EMA filter is used to trade following the major trend. ENTRY/EXIT zones can be used as a confirmation on other strategies (green zones suggest a possible entry for a long in an uptrend and for a short in a downtrend, red zones suggest a possible exit for long & short) Only LONG signals are given. Signals are divided in 3 categories based on their strenght: - Weak BUY/SELL (green/red circles on chart) - normal BUY/SELL (green/red triangles with "BUY" or "SELL" text on chart) - strong BUY/SELL (green/red labels with "STRONG BUY" or "STRONG SELL" text on chart) You can use signals from the same category as triggers for entering or exiting a trade or you can try using signals from different categories All indicators settings can be costumized Possible EXTRY/EXIT zones can be turned ON/OFF Every signal label can be turned ON/OFF EMA that changes color based on last candle close can be turned ON/OFF Alerts can be set for: - General Signals (every signal will trigger it) - Weak Signals (only weak signals will trigger it) - Normal Signals (only normal signals will trigger it) - Strong Signals (only strong signals will trigger it) There are 3 BB%B Oversold & 3 BB%B Overbought value presets: - BASIC (default values) - LOW (slightly lower values from default) - HIGH (slightly higher values from default) Tips: Use BB%B OS LOW preset to find entries at a better price Use BB%B OS HIGH preset to find entries faster Use BB%B OB LOW preset to find exits faster Use BB%B OB HIGH preset to find exits at a better price There are 3 Filters already included: - A checkbox to toggle ON/OFF the use of Heikin Ashi candels to detect trades - A checkbox to toggle ON/OFF the use of an ema filter for the ribbon that tries to reduce the number of false signals on over-extended price movements - A checkbox to toggle ON/OFF the use of an ema filter that tries to reduce the number of false signals when price crosses the moving average many times consecutively
Pine Script® indicator
by Nick42_for_win
7
Logarithmic Bollinger BandsThe existing Bollinger Bands simply used price to derive the standard deviation. In other words, whether an asset goes up or down by $50 from $100, it counts at the same "50$". But in the asset market, an increase of $50 and a fall of $50 have different values. To eliminate this difference using a logarithmic function, a new Bollinger Band was created. Green is the original Bollinger Band. As mentioned above, a sharp lower band is formed by calculating the rise and fall of an asset with the same value. Blue is the Logarithmic Bollinger band. Please make this indicator useful! 기존의 볼린저 밴드는 단순하게 가격을 이용해 표준편차를 도출해내었습니다. 즉 자산이 100$에서 50$이 오르든 내리든 같은 "50$"로 계산한 것입니다. 하지만 자산시장에서 50$이 오르는 것과 50$이 내리는 것은 다른 가치를 가집니다. 이 차이를 로그함수를 이용해 없애보고자 하였고, 새로운 볼린저밴드를 만들었습니다. 초록색이 기존의 볼린저밴드입니다. 위에서 말했듯이 자산의 오르내림을 같은 가치로 계산해서 급격한 아래 밴드가 형성됩니다. 파란색이 로그 볼린저밴드입니다. 이 지표를 유용하게 사용해주세요!
Pine Script® indicator
by Dicargo_Beam
1
ViVen-Multi Time Frame Bollinger Band StrategyThis indicator created to identify the strong Support and Resistance levels based on the Bollinger Bands. When two different time frame Bollinger Bands are travelling together then its a strong Support or Resistance Levels. I have added 5 Min, 15 Min, 30 Min, 1 Hr and 1 Day time frame Bollinger Bands in one Chart. You can select and combine whichever the TF you want. Default values considered - Period - 20 and Std.Dev is 2 You can on/off the indicator based on the requirement. Trade plan: BUY - When price comes near to the Bottom Bollinger Band level (look for candle confirmation is plus). If multiple Bollinger bands travels together then is Strong Support. (Exit if Price Breaks down the BB) SELL - When price reaches the Upper Bollinger Band level (look for candle confirmation is plus). If multiple Bollinger bands travels together then is Strong Support. (Exit if Price Breaks Up the BB) Middle Line - is the 20 SMA line When the Gap between Upper and Lower Band is narrow then we can expect a trending movement soon.
Pine Script® indicator
by vijiviven
3
Bollinger bands and Keltner bands █ OVERVIEW This is a Bollinger band Script, with Keltner Channel Bands and for scalping. █ CONCEPTS 1 — Bollinger Bands, The Bollinger band component is make out from two part, the standard component represented by a white cloud. This is the 2nd deviation and 3rd deviation filled. The second part linear weight This is the 2nd deviation, and is filled from the 3rd deviation from the standard bands. This give the effect of cutting in and out to proved a support and resistance cloud. 2 — Keltner bands, this is the normal calculation, nothing special, by default this is off and can be turned back on in styles. 3 Deviations with ALMA as the Basis 3 — Non-traditional basis Like with you can change the base moving average but to a lesser extent. option are: sma = Simple Moving Average ema = Exponential Moving Average wma = Weighted Moving Average vwma = Volume Weighted Moving Average rma = Running Moving Average alma = Arnaud Legoux Moving Average hma = Hull Moving Average █ OTHER SECTIONS  • LIMITATIONS: again this is base on moving average so there is a lag factor, the cloud do not work without volume so if the indicator can not pull volume data you are left with the standard bands.  • NOTE this is a trimmed version of still functions the same.  • THANKS: rumpypumpydumpy for the inspiration
Pine Script® indicator
by Rain5369
2