When I started trading I wanted to find the closest risk-free long or short, so I created this script to help me 1)Identify a strong trend =bullish state 2) Identify the dip 3) Long with confirmation of buyers (Commutative delta)
The white circle is the ideal entry because the bands are facing up, In my trading, Red signal I don't take as bands are flat. So I hide the signals because in the middle of chop they overshoot as with most systems.
The bands are not mine or the RSI (RSI TRENDS) link below combining the two-plus cumulative delta gives me the full picture tradingview.com/u/fareidzulkifli/
The bands help me identify where to take profit after catching a high probability position again not mine but come in useful when adding them together. Good luck guys!