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Rolling Reversion Bands

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Rolling Reversion Bands: A Technical Trading Indicator
This indicator helps traders spot potential reversal opportunities by showing where price might be overextended and likely to return to average levels. It combines two powerful technical tools - Volume Weighted Average Price (VWAP) and Hull Moving Average (HMA) smoothing - to create a more reliable signal.
Key Features:

Golden centerline: A smoothed VWAP that filters out market noise

Uses volume-weighted pricing for better accuracy than simple averages
HMA smoothing reduces false signals while staying responsive to real moves
Works like a "fair value" level that price tends to return to


Colored bands:

Turquoise bands (#32f0dd): Show shorter-term price ranges (100 periods)
Pink/red bands (#c2024f): Show longer-term price ranges (200 periods)
Two levels for each color (inner and outer bands)



How to Use It:

When price moves outside the bands, it might be overextended
The golden HMA-smoothed VWAP centerline acts as a target level where price often returns to
Wider bands show higher volatility, narrower bands show lower volatility
You can toggle different bands on/off to keep your chart clean

Customization:

Adjust HMA smoothing to make the centerline more or less responsive
Change how wide you want the bands to be
Turn different bands on or off as needed

The indicator combines advanced technical concepts (VWAP, HMA, volatility bands) in a visually clean way, using smoothing techniques to reduce noise and help identify clearer trading opportunities.
發行說明
Rolling Reversion Bands: A Technical Trading Indicator
This indicator helps traders spot potential reversal opportunities by showing where price might be overextended and likely to return to average levels. It combines two powerful technical tools - Volume Weighted Average Price (VWAP) and Hull Moving Average (HMA) smoothing - to create a more reliable signal.
Key Features:

Golden centerline: A smoothed VWAP that filters out market noise

Uses volume-weighted pricing for better accuracy than simple averages
HMA smoothing reduces false signals while staying responsive to real moves
Works like a "fair value" level that price tends to return to


Colored bands:

Turquoise bands (#32f0dd): Show shorter-term price ranges (100 periods)
Pink/red bands (#c2024f): Show longer-term price ranges (200 periods)
Two levels for each color (inner and outer bands)



How to Use It:

When price moves outside the bands, it might be overextended
The golden HMA-smoothed VWAP centerline acts as a target level where price often returns to
Wider bands show higher volatility, narrower bands show lower volatility
You can toggle different bands on/off to keep your chart clean

Customization:

Adjust HMA smoothing to make the centerline more or less responsive
Change how wide you want the bands to be
Turn different bands on or off as needed

The indicator combines advanced technical concepts (VWAP, HMA, volatility bands) in a visually clean way, using smoothing techniques to reduce noise and help identify clearer trading opportunities.

UPDATE:
** Updated Script name
Hull Moving Average (HMA)Volume Weighted Average Price (VWAP)

開源腳本

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