KT Gaussian Bands

🎯 Overview
KT Gaussian Bands is an advanced technical indicator that uses Gaussian-weighted smoothing to create dynamic support and resistance bands. This sophisticated algorithm provides high-quality buy and sell signals by filtering market noise and adapting to price volatility.
🔬 How It Works
The indicator employs a Gaussian weighting function to smooth price data, creating more accurate trend detection compared to traditional moving averages. The algorithm calculates:

Dynamic Upper Band (Resistance Level)
Dynamic Lower Band (Support Level)
Adaptive Signal Generation based on price interaction with bands

📊 Key Features
✨ Smart Signal Generation

🔺 BUY Signal: When price crosses below the lower band and bounces back up
🔻 SELL Signal: When price crosses above the upper band and drops back down
Real-time arrows displayed directly on the chart

⚙️ Customizable Parameters

Bandwidth (h): Controls the smoothness of the calculation (Default: 8.0)
Multiplier: Adjusts the sensitivity of the bands (Default: 3.0)
Source: Choose your preferred price source (Default: Close)
Repainting Mode: Toggle between real-time and historical accuracy

🎨 Visual Elements

Color-coded bands (Teal for upper, Red for lower)
Clear arrow signals for entry/exit points
Clean dashboard showing current mode status

📈 Trading Applications
Best Timeframes

Works effectively on all timeframes
Particularly strong on 15M, 1H, and 4H charts
Daily charts for swing trading setups

Trading Strategies

Trend Following: Use signals in the direction of the major trend
Mean Reversion: Trade bounces off the bands in ranging markets
Breakout Confirmation: Validate breakouts with band penetration

Risk Management

Use stop-loss below/above the opposite band
Position size based on band width (wider = higher volatility)
Combine with other indicators for confirmation

⚠️ Important Notes
Repainting Mode

Enabled: Shows the most accurate current analysis (may change on live bars)
Disabled: Historical signals remain fixed (recommended for backtesting)

Best Practices

Don't trade every signal - wait for high-probability setups
Consider market context and overall trend direction
Use proper risk management on every trade
Backtest on your preferred timeframes before live trading

🔧 Settings Guide
Bandwidth (8.0): Lower = More responsive, Higher = Smoother
Multiplier (3.0): Lower = More signals, Higher = Fewer but stronger signals
Repainting: Enable for live analysis, Disable for backtesting
📊 Performance Characteristics

Low Lag: Responds quickly to price changes
Noise Reduction: Filters out false signals effectively
Adaptive: Automatically adjusts to market volatility
Versatile: Works across different market conditions

🎓 Educational Value
This indicator demonstrates advanced mathematical concepts in trading:

Gaussian distribution applications in finance
Dynamic volatility adjustment
Weighted moving average techniques

⭐ Why Choose KT Gaussian Bands?

Mathematically Sound: Based on proven statistical methods
User-Friendly: Clear signals with minimal complexity
Flexible: Adapts to your trading style and timeframe
Reliable: Consistent performance across market conditions

Disclaimer: This indicator is for educational and informational purposes only. Always use proper risk management and never risk more than you can afford to lose. Past performance does not guarantee future results.