POC bands 2.0 and other assorted goodies

I updated my old indicator that plotted a Kalman filter avg . of the bars inside a higher timeframe bar, to attempt to find the most frequent price in that bar's timespan.
It ended up being somewhat close, but not exact, but the result is that you get a pseudo-vwap without a need for volume data, that isn't cumulative and can indicate trend direction, or if the market's ranging.
This is very powerful information!

I highlight a trade setup we get here, derived from observing the indicator's slope and knowing how to read price action, assisted by rgmov and cci readings.
To get the code for the other indicator's you will have to click on share, and then on 'Make it mine' so you get the whole layout.

Good luck and hope you find these of use.

A few uses...

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本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。



study(title = "POC bands 2.0", shorttitle="POCB", overlay=true)
resCustom = input(title="Timeframe", type=resolution, defval="240")
Length = input(6, minval=1)
xPrice = security(tickerid, resCustom, hlc3)
xvnoise = abs(xPrice - xPrice[1])
nfastend = 0.666
nslowend = 0.0645
nsignal = abs(xPrice - xPrice[Length])
nnoise = sum(xvnoise, Length)
nefratio = iff(nnoise != 0, nsignal / nnoise, 0)
nsmooth = pow(nefratio * (nfastend - nslowend) + nslowend, 2) 
nAMA = nz(nAMA[1]) + nsmooth * (xPrice - nz(nAMA[1]))
basis = nAMA
atr = ema(tr,11)
upper = basis[3] + (atr*3)
lower = basis[3] - (atr*3)

plot(basis, color=blue)
plot(upper, color=blue)
plot(lower, color=blue)