This Indicator is yet another variation of KC. Inspired from Value Charts webinar. I have seen their videos on youtube. What appears to be a variation of KC.
They use 12 bands Showing the zone, and different MA for different timeframes.
You can get this indicator close to accuracy by changing the inputs (ATR) and (Deviations)
This also can be used with the...
Here is a nice little script that highlights areas of volume using standard deviation, you can choose the look back periods.
This script is based on the excellent script by: @SteynTrade -
I have simplified it a bit and made it readable to my taste using alpha to highlight high volume areas.
Standard Error Bands - Code by @XeL_arjona
Original implementation by:
Traders issue: Stocks & Commodities V. 14:9 (375-379):
Standard Error Bands by Jon Andersen
For a quick and publicly open explanation of this Statistical indicator, you can refer at Here!
Extract from the former URL:
Standard Error bands are...
The script is more meant as a study on the great idea by @m59 watching volatility in a scaled way. The idea for the script came in a discussion which value fits better. It uses different values that could be used interpreting volatility and scale it with different normalization methods to a same base. Have a look at the VCI - "Volatility Channel Index" by @m59. It...
An idea I had today morning so I had to write. It seems to detect trends well. It has three phases like a semaphor, painting the chart bars of green, yellow or red.
=== Bar Color Meaning ===
Yellow: don't care
I think it can be useful!
Alerts added to "VWAP Stdev Bands v2" by SandroTurriate
-Adjusted trigger conditions for higher signal sensitivity
-Color change on bands and signals for better readability and ease on the eyes
-Alerts added for up to 4 deviations up and down
-Re-enabled deviations 4 and 5
-Re-enabled previous close
A veritable banquet of MA basis calculations to choose from.
3 separate sets of bands to tinker with.
Optional toggle-able time resolution.
Optional breakout shapes with their own separate multiplier.
A fart, some love and kisses. ...and I may have dribbled a bit. Sorry.
Go on. Have a tinker. You know you want to.