Hullinger Bands [AlgoAlpha]🎯 Introducing the Hullinger Bands Indicator ! 🎯
Maximize your trading precision with the Hullinger Bands , an advanced tool that combines the strengths of Hull Moving Averages and Bollinger Bands for a robust trading strategy. This indicator is designed to give traders clear and actionable signals, helping you identify trend changes and optimize entry and exit points with confidence.
✨ Key Features :
📊 Dual-Length Settings : Customize your main and TP signal lengths to fit your trading style.
🎯 Enhanced Band Accuracy : The indicator uses a modified standard deviation calculation for more reliable volatility measures.
🟢🔴 Color-Coded Signals : Easily spot bullish and bearish conditions with customizable color settings.
💡 Dynamic Alerts : Get notified for trend changes and TP signals with built-in alert conditions.
🚀 Quick Guide to Using Hullinger Bands
1. ⭐ Add the Indicator : Add the indicator to favorites by pressing the star icon. Adjust the settings to align with your trading preferences, such as length and multiplier values.
2. 🔍 Analyze Readings : Observe the color-coded bands for real-time insights into market conditions. When price is closer to the upper bands it suggests an overbought market and vice versa if price is closer to the lower bands. Price being above or below the basis can be a trend indicator.
3. 🔔 Set Alerts : Activate alerts for bullish/bearish trends and TP signals, ensuring you never miss a crucial market movement.
🔍 How It Works
The Hullinger Bands indicator calculates a central line (basis) using a simple moving average, while the upper and lower bands are derived from a modified standard deviation of price movements. Unlike the traditional Bollinger Bands, the standard deviation in the Hullinger bands uses the Hull Moving Average instead of the Simple Moving Average to calculate the average variance for standard deviation calculations, this give the modified standard deviation output "memory" and the bands can be observed expanding even after the price has started consolidating, this can identify when the trend has exhausted better as the distance between the price and the bands is more apparent. The color of the bands changes dynamically, based on the proximity of the closing price to the bands, providing instant visual cues for market sentiment. The indicator also plots TP signals when price crosses these bands, allowing traders to make informed decisions. Additionally, alerts are configured to notify you of crucial market shifts, ensuring you stay ahead of the curve.
在腳本中搜尋"bollingerband"
Easy Strategy BuilderHello, I focused on making this indicator as user-friendly as possible while designing it. I avoided complex structures, and as a result, I believe I have created an indicator that everyone can easily use.
With the Strategy Builder indicator, you can automate the strategy you use and visualize signals on the chart. This allows you to scale your strategy and stay informed of new signals through alerts.
How it works?
Firstly, we need to determine the entry condition for the trade. For this, you have 15 different sources at your disposal.
1. Price
2. RSI
3. RSI MA
4. CCI
5. STOCH K
6. STOCH D
7. MA 1
8. MA 2
9. ATR
10. DMI+
11. DMI-
12. SUPERTREND
13. BB Lower
14. BB Middle
15. BB Upper
Using the relationship between these sources or with a key level, we can generate signals. There are 7 different conditions available to control this relationship.
1. > x is greater than y
2. > = x is greater than or equal to y
3. < x is less than y
4. ≤ x is less than or equal to y
5. = x is equal to y
6. Cross Up = x has crossed above y. One bar ago, x was less than y, now x is greater than y.
7. Cross Down = x has crossed below y. One bar ago, x was greater than y, now x is less than y.
Let’s make a few examples
1.
- Entry Condition: RSI crosses above RSI moving average.
- Exit Condition: RSI crosses below RSI moving average.
Let's use more than one condition together
2.
Entry Condition: rsi<30 ve rsi cross up rsi Ma
Exit Condition: Rsi>70 ve rsi cross down rsi Ma
Let's strengthen the signal by adding different indicators and price.
3.
Entry Condition: rsi<30 and price70 and price> bb middle and rsi cross down rsi ma
What if things go wrong? Let's add stop loss
4.
Entry Condition: rsi<30 and price70 and price> bb higher and rsi cross down rsi ma
Stoploss: %2
That's how simple it is to create a strategy. Need a more complex strategy? Feel free to contact me.
Important notes:
1. Avoid continuously triggered conditions.
Example:
Entry Condition: RSI > 0
2. Determine logical entry and exit conditions.
3. Avoid placing stop losses too close to entry points.
Multi Bollinger Bands with Over ZoneThis indicator is called "Multi Bollinger Bands with Over Zone". The indicator uses linear regression to calculate the regression line and standard deviation to calculate the upper and lower deviation lines. It also plots filled areas between the deviation lines to highlight overbought and oversold zones.
The indicator has several customizable inputs, including the length of the regression period, depth, and deviations used to calculate the deviation lines.
The regression line is plotted in green color with circle markers. The upper and lower deviation lines are plotted in blue and red colors, respectively. The area between the deviation lines is filled with light blue color for the overbought zone and light pink color for the oversold zone.
This indicator helps traders in identifying trends and potential price reversals. When the price is above the upper deviation line, it indicates a potential overbought zone, while when the price is below the lower deviation line, it indicates a potential oversold zone.
Please note that this indicator is only a tool for analysis and does not provide direct trading signals. It is important to combine this indicator with additional analysis and appropriate trading strategies.
Bollinger Band Alert with RSI Filter IndicatorThis code is for a technical analysis indicator called Bollinger Band Alert with RSI Filter. It uses two tools: Bollinger Bands and Relative Strength Index (RSI) to identify potential trading signals in the market.
Bollinger Bands are lines plotted two standard deviations away from a simple moving average of the price of a stock or asset. They help traders determine whether prices are high or low on a relative basis.
The RSI is a momentum indicator that measures the strength of recent price changes to evaluate whether an asset is overbought or oversold.
The code has some input parameters that a user can change, such as length and multiplier, which are used to calculate the Bollinger Bands, and upper and lower RSI levels to define the overbought and oversold zones.
The code then uses if statements to generate alerts if certain conditions are met. The alert condition is triggered if the close price of an asset crosses above or below the upper or lower Bollinger Bands, and if the RSI is either above or below the overbought or oversold threshold levels.
Finally, the code generates plots to visualize the Bollinger Bands and displays triangles above or below the bars indicating when to enter a long or short position based on the strategy's criteria.
Dual Bollinger Band Mean ReversionSimple but solid mean reversion indicator with sl and tp levels. Most of the code is based on the built in bollinger bands script. Designed for scalping 1-5 minute timeframes.
The indicator consists of two sets of bollinger bands.
Price has to close below the lower (fast) bollinger band, above the moving average of the (slower) bollinger band.
If price now closes above the lower (fast) bb, the indicator draws a label at the open of the next candle (which would be a potential entry point). Take profit becomes the upper bollinger band, stop loss the same distance below the open of the candle.
I've built in a simple backtesting function that calculates the potential win/loss-ratio. Loss and profit levels are 1:1. Exit strategy could be improved on.
Adjusting the lengths depending on the asset proves to be a good idea.
The slower bollinger bands can help to identify ranging markets and/or trends following regular bollinger bands theory.
Feel free to comment with any changes that you'd like to be made.
[Floride] 4 Layers of Bollinger Shadow
This is the indicator I named 4LBS. That means four layers of bollinger shadow.
This is an indicator that I made to see how far past prices could affect the future prices.
And I found some very interesting and beautiful things about it, and I wanted to share them with you, so I publish this indicator.
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Hello, nice to meet you all. my name as a trader is Floride.
First of all, I am not good at English, so there may be many grammatically incorrect sentences below.
I ask for your understanding in advance. Thanks for your understanding.
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What is it?
bollinger Bands usually has one moving average line. And there's two bands that uses same period value of standard deviation as the former MA. And this indicator, by the way, has a 4 shadow bands
that uses twice,three,four,five time the value of the MA's period.
Appearance -
This indicator has four layers, and there are also other layers between them.
You can turn on or off all the shadow layers.
Uses of Indicator and Examples
examples of actual use
1. market strongness diagnosis
-It seems all layers of shadow has some degree resist/support forces.
This indicator has the 4th layer - "L4". (indicated by red lines).
I saw emergence of volatility quite frequently when this last layer breaks through.
When price breaks through this area or line, shade appear on the L4 layer in red. and red cross appear on the that point. This is I called Marlin signal.
If you saw red color shadow in this indicator, then the market may have quite high volatility.
(of course, there's not 100%. Please be careful about this.)
But I've also checked in quite several markets. when this volatility emerges, then also that market seems to started to building quite directional power afterwards.
I mean, after the marlin signal, market tends to have bigger volatility, and tends to go one direction.
again, it's not 100%. but probability is quite high.
But maybe depending on the type of market you need some adjustment.
Recommended values are M2-1.618, M3-2.618
Or M2-1, M3-2. default value is M2-1.618, M3-2.618
and also, if prices breakthrough the channels, or layers, It tends to break through the at once, in first bar. In other words, if price don't break through the first or second candle, it's very likely that the price won't break through channel for the time being.
2. market weakness diagnosis
Usually, without external momentum, the price converges to the average value and does not deviate from the band. And if price fails to break through the most inner first layer-"L1 - the green channel", In that case, the market is usually assumed to be weak, or has low volatility.
- you can set alarms on tuna, marlin signal. and you don't have to watch chart all the time.
3. Signals
I put two signals in this indicator.
One has the name "Tuna," and the second has the name "Marlin."
As you can already tell from the name's feeling, tuna is a weaker signal and marlin is a stronger signal.
Actual example of a signal
1. Tuna signal
- When the tuna signal appears, you can guess that the current market is generally not weak. or has quite good directional force. or medium volatility.
Below is important.
- If a tuna signal appears, there is a possibility that a marlin will appear later.
- In my opinion, it might be wise not to have a position without a tuna signal.
- Almost all of the marlin signal appeared shortly after the tuna signal appeared.
2. Marlin signal
- When marlin signal appears, with a high probability, volatility can increase large.
- In the backtesting of the stock, in some cases, the market moved quite frequently in the direction of the marlin signal.
- The emergence of marlin can be seen as a pretty strong indication of the emergences of direction.
OB EmaCross + BBThis is my setup and the way I like to trade.
It is based in an EMA cross ( 9 x 21) and the Bollinger Bands without the central Moving Average.
I prefer to use the EMA cross in the middle of the bands.
It is also possible to activate "Colored Bars" to paint the candles according to the EMA cross: green if the candles are above both EMAs, white when at least one of them are in between EMAs and red if they are both below EMAs.
My operational works like this:
- Buy when price is above EMAs
- Sell when price is belos EMAs
Of course, I use BB to give me the direction of the trend and I only enter in a trade when the price is in the same trend of the BB.
I avoid trades when the bands are getting narrowed.
I hope you enjoy my indicator and let me know if you have any suggestion! ;)
K's Reversal Indicator IK's reversal indicator I is a special combination between Bollinger bands and the MACD oscillator. It is a contrarian indicator that depends on the following conditions:
• A buy signal is generated whenever the current market price is below the 100-period lower Bollinger band while simultaneously, the MACD value must be above its signal line. At the same time, the previous MACD value must be below its previous signal line.
• A sell (short) signal is generated whenever the current market price is above the 100-period upper Bollinger band while simultaneously, the MACD value must be below its signal line. At the same time, the previous MACD value must be above its previous signal line.
The way to use K's reversal indicator is to combine it with your already long/short bias in a sideways/range market in order to maximize the probability of success.
Limitations of the indicator include the following:
• There are no clear exit rules that work well on average across the markets. Even though K’s reversal indicator gives contrarian signals, it does not show when to exit the positions.
• As with other indicators, it underperforms on some markets and is not to be used everywhere.
• False signals tend to occur during trending markets but there is no proven way to detect a false signal.
Percentile Major Move Indicator This indicator is a powerful tool for understanding how big of a move a product, crypto, or currency has recently had.
Anything inside of the green bars is a standard move with a 68% chance of happening based on your chart timeframe.
Any move that touches the red lines to the upside or downside has a 2%+ chance of happening in either direction.
This is a powerful indicator but just one point of data and should be used as such.
OGT Bollinger Bands Trend IndicatorWhat Is The OGT Bollinger Bands Trend Indicator?
This indicator is a pullback trend trading indicator which uses the following indicators:
- 200 EMA - Long Term Trend Direction
- 30, 35, 40, 45, 50, 60 EMAs - Shorter Term Trend Direction
- Bollinger Bands - Pullback / Entry Signal
How Are Signals Generated?
Buy
- Price above the 200 EMA
- Price touches lower BB with shorter term EMAs all aligned (not crossed)
- Indicator waits for price to close above midpoint BB with shorter term EMAs all still aligned (not crossed)
Sell
- Price below the 200 EMA
- Price touches upper BB with shorter term EMAs all aligned (not crossed)
- Indicator waits for price to close above midpoint BB with shorter term EMAs all still aligned (not crossed)
Alerts function built in, input settings customisable to show/not show indicators and change colours.
Beacon - Anthony Crudele's IndicatorBeacon uses the current volatility of the market based on your trading time frame to determine support and resistance levels, whether a trend is intact or ready to revert back in the range. One of the most difficult things I went through as a trader was determining whether we are in a trend day or if we are in grind up or grind down mode. I created Beacon to give me a simple look at the market to determine what type of environment we are in. I use Bollinger Bands (3 standard deviation) to determine the volatility cycle. Once the BB make peaks I took my Fibonacci Retracement tool and did a retracement from the peak high of the BB to the peak low. I use 70%, 50% and 30% for my support and resistance levels. I use those levels because I tested pretty much every percent level and those percentages averaged the highest performance on all tick charts and time charts. You can use Beacon on whatever time frame or tick chart you are trading on and it will determine that specific volatility cycle.
MXKE | Swing Trader AssistIntroduction
Swing Trader Assist indicator is designed to assist in the systematic identification of Hammers & Lookback signals within Uptrending markets, Stars & Lookback signals within Downtrending markets, and Mean Reversion signals within Sideways markets. The trader must first identify a strong market trend, then apply the indicator. Application of the indicator to weak trends will render equally weak signals. Application of the indicator to strong trends will render equally strong signals. Identification of strong trends is the responsibility of the individual trader and is instrumental to the successful deployment of this indicator and accompanying trading plan.
*Please comment below to request access*
*Please share with me on Twitter your usage and/or ideas for improvement so that I may improve this indicator in the future*
Market Types
Uptrend: Higher highs + Higher lows
Downtrend: Lower highs + Lower lows
Sideways: Higher highs + Lower lows (Expanding Range) or Lower highs + Higher lows (Narrowing Range)
Position Sizing
1R = .25%-2% of total nominal capital dependent upon timeframe and risk appetite
Order Types
Entry: Buy Stop 1 tick above High of “Up” Signal Bars; Sell Stop 1 tick below Low of “Down” Signal Bars
Stop: Bar Close <= 1 tick below Low of “Up” Signal Bar; Bar Close >= 1 tick above High of “Down” Signal Bar
Profit Target: 1.5R distance from “Up” or “Down” fill level with the option to trail stop on each new swing high/low; Bollinger Band Midline minimum 1.5R distance from “Sideways” fill level with option to trail stop on continuation to the opposite end of the range (opposite Bollinger Band)
Trading Plan
❑ Market Type is clearly identifiable as Up, Down or Sideways
❑ Swing Trader Assist indicator is set to the corresponding Market Type: Up, Down or Sideways
❑ Position size is no more than .25%-2% of total nominal capital (based on distance from Signal Bar fill level to Signal Bar stop level as 1R)
❑ Distance from Signal Bar fill level to potential Profit Target is minimum 1.5R
❑ On Hammer or Star fill: close position into trend extension at 1.5R+ or adjust trailing stop on each new swing high/low
❑ On Mean Reversion fill: close position at midline or adjust trailing stop on each continuation to opposite end of range
Usage Notes
The indicator will display developing signals intrabar and it is therefore suggested to wait until bar close to act on any signals. “Autodetect” setting under “Market Type” is currently in beta mode. While it is designed to reveal only relevant signals within strong trends based on a series of EMAs, this setting has not been extensively tested. Use with caution.
The indicator is not meant to be a mechanical trading system. It is designed to assist the trader in objectively and systematically identifying signal bars during the execution of the below swing trading plan. It is up to the trader to determine if overall price action warrants acting upon the signal bars or not.
Case Studies
Calendar's Bollinger BandsHI guys, I'm Calendar
I made my 2nd indicator for my followers.
This indicator made by merging 2 Bollinger Bands.(SDV =1, 2)
Bollinger Band Open Gap Alert V1This is the bare bones of what I'm trying to achieve through pine script. The purpose of the script is to:
1. On a 15m chart, calculate and plot upper & lower Bollinger bands and simple moving average of 20 periods. (DONE)
2. On a new day, when the first 15m candle of a session forms, I want to check if a) the low of the new candle is outside the upper Bollinger band (also known as an open gap up) or b) if the high of the candle is the outside the lower Bollinger band (also known as open gap down). In other words, I want to know if the Bollinger Bands are not touching the new candle's wicks/shadows. (DONE)
3. Alert me if the above happens. (DONE)
4. Run the indicator through an entire watch list. I'm not sure if that's possible, yet. (HELP)
For the above job, this is what I could come up with. I need guidance for the last step . And any suggestions for corrections or improvements would be greatly appreciated!
Colored Bollinger BandWidth with 60-period SMAThis is a normal Bandwidth but using Simple Moving Average 60 periods as a base.
The color shows the position between Closing or Last Price to SMA 60.
If the price is above SMA 60, Bandwidth has blue color and if below SMA 60, it uses red color.
There is a signal line of Bandwidth as well which is a SMA of the Bandwidth itself.
Volatility Radar + Classic StochVolatility Radar + Classic Stoch
This indicator detects volatility squeezes by measuring Bollinger Bands tightness relative to recent history and confirms potential breakout strength using multiple factors:
Bollinger Bands bandwidth percentile to identify tight and super-tight squeezes
TTM Squeeze confirmation via Keltner Channels
Volume spikes indicating rising market interest
ADX trend strength to gauge directional momentum
Classic Stochastic oscillator to signal overbought/oversold conditions
A composite volatility score ranks the overall setup strength with intuitive color-coded background and a real-time label.
Use this tool to anticipate volatility expansions and improve timing for breakout trades.
Multi-Timeframe Bullish Momentum ScreenerMonthly MACD is rising and above zero
Weekly BB is either:
Challenged (price near upper band), or
Price is in upper half (above mid-band)
Daily BB is challenged (price near upper band)
Daily MACD (5,13,26) gives positive crossover
RSI > 50 in both daily and weekly
Price above 50 EMA on daily
ADX > 15, or rising from 12, and +DI > -DI
How to Use:
Apply this script to a daily chart
Flip through your watchlist
Watch for the green “Match” label when all conditions are met
Institutional Sweep Zone (Range-Based)Institutional Sweep Zone (Range-Based)
This indicator models potential stop sweep zones based on institutional capital ranges, helping traders visualize where high-probability liquidity grabs are likely to occur.
Unlike traditional volatility bands, this tool estimates price movement by calculating how far a specific amount of capital—entered into the market—can push price. By defining a lower and upper capital range (in millions of USD), the indicator dynamically draws bands representing the distance institutions could realistically move price in either direction.
It supports directional control, allowing you to focus on long sweeps, short sweeps, or both simultaneously. The pip cost is auto-calibrated based on the selected currency pair, making it highly adaptive to major FX pairs.
Key Features:
-Capital input range (in millions of USD)
-Directional sweep targeting: Long, Short, or Both
-Auto-detection of pip value based on FX pair
-Visual sweep zone mapped above and below current price
-Designed to highlight areas of institutional stop hunts
Why use it?
-Helps avoid setting stops inside common sweep zones
-Improves trade survivability when paired with higher timeframe strategies
-Offers a unique way to view price through an institutional lens
Created by: The_Forex_Steward
Explore more advanced tools and concepts on my TradingView profile.
Innotrade Market Cycle Orderflow + Volatiliy BandThis indicator provides a comprehensive and visually intuitive view of market momentum and volatility. It moves beyond standard oscillators by combining a powerful composite momentum engine—visualized as "Orderflow Candles"—with a dynamic Volatility Band (VB) Channel.
Instead of just telling you if the market is overbought or oversold, this tool helps you understand the energy behind market moves. Is momentum strong and sustained? Is the market coiling up for a breakout? Is a trend reaching its exhaustion point? This indicator is designed to answer those questions.
Core Components
Market Cycle (MC) Orderflow Candles: These are not price candles. Each candle is a visual representation of aggregate momentum, calculated from a weighted blend of three powerful oscillators: the Detrended Crystal Oscillator (DCO), the Relative Strength Index (RSI), and the Stochastic RSI.
Green Candles: Indicate rising buying momentum.
Red Candles: Indicate rising selling momentum.
Wicks: Show the highest and lowest momentum levels reached during the bar.
The VB (Volatility Band) Channel: This is the key addition that provides dynamic context. Based on the classic Traders Dynamic Index (TDI) logic, these blue bands are calculated using the RSI's standard deviation.
Bands Expand: Volatility is high; momentum is strong.
Bands Contract (Squeeze): Volatility is low; the market is consolidating and building energy for its next move.
Moving Average (Yellow Line): A simple moving average of the MC Orderflow's "close." It acts as a baseline, helping to spot short-term shifts in momentum. A crossover of the MA is often the first sign of a change in direction.
Trading Strategies & Interpretations
The real power of this indicator comes from observing the interaction between the MC Orderflow Candles and the VB Channel.
Strategy 1: The Squeeze and Breakout
This classic volatility strategy helps you pinpoint moments of market consolidation and enter just as a new, powerful trend begins.
The Setup: Look for the blue VB Channel bands to become very narrow and tighten around the MC Orderflow candles. This is the "squeeze," representing a period of low volatility and market indecision.
The Signal:
Bullish Breakout: A strong green MC candle breaks out of the squeeze, pushing the upper VB band open and crossing above the yellow MA. This signals that buying pressure is unleashing.
Bearish Breakout: A strong red MC candle breaks down from the squeeze, pushing the lower VB band open and crossing below the yellow MA. This signals that selling pressure is taking control.
Strategy 2: Riding the Trend ("Walking the Band")
This technique helps you stay in winning trades longer by confirming the strength and sustainability of a trend.
The Setup: You are in an established trend (e.g., a long position after a bullish breakout).
The Signal to Stay In: As long as the MC Orderflow candles are consistently "riding" along the outer edge of the VB Channel (the upper band in an uptrend, lower band in a downtrend), it confirms that momentum is strong and sustained. Don't exit prematurely.
The Signal of Weakness: If the candles begin to fall away from the outer band and move back towards the 50 midline or cross the yellow MA, it signals that momentum is fading and it may be time to take profits or tighten your stop.
Strategy 3: Exhaustion and Reversal Signals
This is a more aggressive, counter-trend strategy designed to identify points where a trend has become over-extended and is likely to reverse.
The Setup: The market has made a fast, parabolic move, and the VB Channel bands are very wide.
The Signal: Look for an MC Orderflow candle that pokes outside of the VB Channel. This signals a climactic, often emotional, and unsustainable move.
Sell Signal: The high of an MC candle pierces above the upper VB band, and the next candle's close is back inside the channel. This suggests the uptrend is exhausted.
Buy Signal: The low of an MC candle pierces below the lower VB band, and the next candle's close is back inside the channel. This suggests a capitulation bottom.
A Practical Example: Tying It All Together
The Squeeze: You spot the blue VB Channel bands tightening, signaling low volatility.
The Entry: A green MC candle breaks out of the top of the squeeze, expanding the upper band. You enter a long position.
The Trend: The green MC candles continue to form, "walking the band" higher. You hold your position.
The Exit: After a strong run, an MC candle's high briefly pokes outside the upper band. The next candle is red and closes back inside the channel. This is your exhaustion signal to exit the trade and lock in profits.
Disclaimer: This indicator is a tool for market analysis and should not be considered financial advice. All trading involves substantial risk. Always use proper risk management and trade responsibly.
Trend Strength Oscillator📌 Trend Strength Oscillator
📄 Description
Trend Strength Oscillator measures the directional strength of price relative to an adaptive dynamic trend band. It evaluates how far the current price is from the midpoint of a trend channel and normalizes this value by recent volatility range, allowing traders to detect trend strength, direction, and potential exhaustion in any market condition.
📌 Features
🔹 Adaptive Trend Band Logic: Uses a modified ATR and time-dependent spread formula to dynamically adjust upper and lower trend bands.
🔹 Trendline Midpoint Calculation: The central trendline is defined as the average between upper and lower bands.
🔹 Relative Positioning: Measures how far the close is from the center of the band as a percentage.
🔹 Range Normalization: Uses a normalized range to account for recent volatility, reducing noise in the oscillator reading.
🔹 Oscillator Output (±100 scale):
+100 indicates strong bullish momentum
-100 indicates strong bearish momentum
0 is the neutral centerline
🛠️ How to Use
✅ Trend Strength > +50: Indicates a strong bullish phase.
✅ Trend Strength < -50: Indicates a strong bearish phase.
⚠️ Crossing above 0: Potential bullish trend initiation.
⚠️ Crossing below 0: Potential bearish trend initiation.
📉 Values near 0: Suggest trend weakness or ranging conditions.
Best suited timeframes: 1H, 4H, Daily
Ideal combination with: RSI, MACD, volume-based oscillators, moving average crosses
✅ TradingView House Rules Compliance
This indicator is written in Pine Script v5 and fully open-source.
The script does not repaint, does not generate false alerts, and does not access external or private data.
It is intended strictly as a technical analysis tool, and not a buy/sell signal generator.
Users are encouraged to combine this tool with other confirmations and independent judgment in trading decisions.
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📌 Trend Strength Oscillator
📄 설명 (Description)
Trend Strength Oscillator는 가격이 동적 추세 밴드 내 어디에 위치해 있는지를 정량적으로 분석하여, 추세의 방향성과 강도를 시각적으로 보여주는 오실레이터 지표입니다. 최근 변동성을 반영한 밴드를 기반으로 가격 위치를 정규화하여, 과매수·과매도 상태나 추세의 소멸 가능성까지 탐지할 수 있도록 설계되었습니다.
📌 주요 특징 (Features)
🔹 적응형 추세 밴드 계산: ATR과 시간 경과를 기반으로 상단/하단 밴드를 동적으로 조정
🔹 중심 추세선 산출: 상단과 하단 밴드의 평균값을 중심선으로 활용하여 기준 축 제공
🔹 상대 위치 계산: 현재 종가가 중심선에서 얼마나 떨어져 있는지를 정규화하여 추세 강도 계산
🔹 변동성 기반 정규화: 최근 밴드 범위를 기준으로 상대 거리를 0~100 사이 값으로 변환
🔹 오실레이터 출력 (범위: ±100):
+100에 가까울수록 강한 상승 추세
-100에 가까울수록 강한 하락 추세
0에 가까울수록 횡보 구간 가능성
🛠️ 사용법 (How to Use)
✅ +50 이상: 강한 상승 추세 지속 중
✅ -50 이하: 강한 하락 추세 지속 중
⚠️ 0선 돌파 상향: 상승 추세 시작 가능성
⚠️ 0선 돌파 하향: 하락 추세 시작 가능성
🟡 0 근처 유지: 추세 약화 또는 횡보장 가능성
추천 시간대: 1시간봉, 4시간봉, 일봉
보조 지표로 추천: RSI, MACD, OBV, 이동평균 크로스 등과 함께 활용 시 효과적
✅ 트레이딩뷰 하우스룰 준수사항 (TradingView House Rules Compliance)
본 지표는 Pine Script v5로 작성된 오픈소스 공개용 스크립트입니다.
리페인트(Repaint) 현상이 없으며, **허위 경고(Spam Alerts)**나 성능 저하 요소도 없습니다.
외부 데이터 접근 없이 완전히 자체 계산으로 동작합니다.
이 지표는 투자 판단을 돕기 위한 분석용 도구이며, 직접적인 매수·매도 신호로 사용해서는 안 됩니다.
모든 트레이딩은 사용자의 독립적인 판단과 책임 하에 이루어져야 합니다.
Trend Band Oscillator📌 Trend Band Oscillator
📄 Description
Trend Band Oscillator is a momentum-based trend indicator that calculates the spread between two EMAs and overlays it with a volatility filter using a standard deviation band. It helps traders visualize not only the trend direction but also the strength and stability of the trend.
📌 Features
🔹 EMA Spread Calculation: Measures the difference between a fast and slow EMA to quantify short-term vs mid-term trend dynamics.
🔹 Volatility Band Overlay: Applies an EMA of standard deviation to the spread to filter noise and highlight valid momentum shifts.
🔹 Color-Based Visualization: Positive spread values are shown in lime (bullish), negative values in fuchsia (bearish) for quick directional insight.
🔹 Upper/Lower Bands: Help detect potential overbought/oversold conditions or strong trend continuation.
🔹 Zero Line Reference: A horizontal baseline at zero helps identify trend reversals and neutral zones.
🛠️ How to Use
✅ Spread > 0: Indicates a bullish trend. Consider maintaining or entering long positions.
✅ Spread < 0: Indicates a bearish trend. Consider maintaining or entering short positions.
⚠️ Spread exceeds bands: May signal overextension or strong momentum; consider using with additional confirmation indicators.
🔄 Band convergence: Suggests weakening trend and potential transition to a ranging market.
Recommended timeframes: 1H, 4H, Daily
Suggested complementary indicators: RSI, MACD, OBV, SuperTrend
✅ TradingView House Rules Compliance
This script is open-source and published under Pine Script v5.
It does not repaint, spam alerts, or cause performance issues.
It is designed as an analytical aid only and should not be considered financial advice.
All calculations are transparent, and no external data sources or insecure functions are used.
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📌 Trend Band Oscillator
📄 설명 (Description)
Trend Band Oscillator는 두 개의 EMA 간 스프레드(차이)를 기반으로 한 모멘텀 중심의 추세 오실레이터입니다. 여기에 표준편차 기반의 변동성 밴드를 적용하여, 추세의 방향뿐 아니라 강도와 안정성까지 시각적으로 분석할 수 있도록 설계되었습니다.
📌 주요 특징 (Features)
🔹 EMA 기반 스프레드 계산: Fast EMA와 Slow EMA의 차이를 활용해 시장 추세를 정량적으로 표현합니다.
🔹 표준편차 필터링: Spread에 대해 EMA 및 표준편차 기반의 밴드를 적용해 노이즈를 줄이고 유효한 추세를 강조합니다.
🔹 컬러 기반 시각화: 오실레이터 값이 양수일 경우 초록색, 음수일 경우 마젠타 색으로 추세 방향을 직관적으로 파악할 수 있습니다.
🔹 밴드 범위 시각화: 상·하위 밴드를 통해 스프레드의 평균 편차 범위를 보여주며, 추세의 강약과 포화 여부를 진단할 수 있습니다.
🔹 제로 라인 표시: 추세 전환 가능 지점을 시각적으로 확인할 수 있도록 중심선(0선)을 제공합니다.
🛠️ 사용법 (How to Use)
✅ 오실레이터가 0 이상 유지: 상승 추세 구간이며, 롱 포지션 유지 또는 진입 검토
✅ 오실레이터가 0 이하 유지: 하락 추세 구간이며, 숏 포지션 유지 또는 진입 검토
⚠️ 상·하위 밴드를 이탈: 일시적인 과매수/과매도 혹은 강한 추세 발현 가능성 있음 → 다른 보조지표와 함께 필터링 권장
🔄 밴드 수렴: 추세가 약해지고 있음을 나타냄 → 변동성 하락 또는 방향성 상실 가능성 있음
권장 적용 시간대: 1시간봉, 4시간봉, 일봉
보조 적용 지표: RSI, MACD, OBV, SuperTrend 등과 함께 사용 시 신호 필터링에 유리
✅ 트레이딩뷰 하우스룰 준수사항 (TV House Rules Compliance)
이 지표는 **무료 공개용(Open-Source)**이며, Pine Script Version 5로 작성되어 있습니다.
과도한 리페인트, 비정상적 반복 경고(alert spam), 실시간 성능 저하 등의 요소는 포함되어 있지 않습니다.
사용자는 본 지표를 투자 결정의 참고용 보조 도구로 활용해야 하며, 독립적인 매매 판단이 필요합니다.
데이터 소스 및 계산 방식은 완전히 공개되어 있으며, 외부 API나 보안 취약점을 유발하는 구성 요소는 없습니다.
