lilu - 4. LiLu Band + center trend(btc_15min)

※This indicator is specifically designed for the BTC market and is intended for use on 15-minute charts.

LiLu Band + Center Trend is a band indicator similar to Envelopes or Bollinger Bands, which visually represents price flow and support/resistance levels using moving averages. This indicator helps in identifying market volatility and capturing potential trading signals.

Mid Line: Utilizes moving averages to display a central trend line, helping to identify the long-term trend.

Upper and Lower Bands: Draws bands at specified percentages above and below the central line based on the highest highs and lowest lows, indicating support and resistance levels.

Examples:
Trend Confirmation: Observe the direction of the mid line to determine the current market trend.
Entry/Exit Timing: Consider selling when the price reaches the upper band (overbought) and buying when the price touches the lower band (oversold).