PROTECTED SOURCE SCRIPT
Adaptive Trend Bands - STD
已更新
Description
The Adaptive Trend Bands use volatility around the mean measures to determine future deviations from it.
They are designed to work in all markets and provide the best entry and exit levels.
They work great for ranging or slow trending markets but can also be useful in strong trends to determine the best "pullback entry zones".
Given that all calculations are made on the open, limit entries can be set on the provided levels.
Settings
The current settings are tuned for the 5 minute chart, but given the Adaptive nature of the bands they work just as well in any other time frame. Nonetheless here are a few guidelines on how they affect calculations:
* SMA - Main value for calculation of deviations. (Should capture a complete cycle for the given timeframe)
* Lookback Ratio - Ratio for the look back of the calculations in relationship to the SMA
* ATR Lookback - Lookback period to determine the ATR used to calculate the 3 levels of entries past the initial bands.
* Source for SMA - Should be left as "open" in order for the levels to be stationary during the creation of a new candle (added for completeness)
* STD - Number of standard deviations away from the calculated mean to be used for plotting the bands. 2.5 provides the best results given the method used for calculations.
* Color Bars - Visual representation of past entries. (Good for determining parameters)
* Show Mid Timeframe - An added "mid-timeframe" bands option to have a view of the bands on higher timeframe.
* SP Show - Deviation calculated swing points, (good for confirmation of reversals)
* Mid-Timeframe - self explanatory
The Adaptive Trend Bands use volatility around the mean measures to determine future deviations from it.
They are designed to work in all markets and provide the best entry and exit levels.
They work great for ranging or slow trending markets but can also be useful in strong trends to determine the best "pullback entry zones".
Given that all calculations are made on the open, limit entries can be set on the provided levels.
Settings
The current settings are tuned for the 5 minute chart, but given the Adaptive nature of the bands they work just as well in any other time frame. Nonetheless here are a few guidelines on how they affect calculations:
* SMA - Main value for calculation of deviations. (Should capture a complete cycle for the given timeframe)
* Lookback Ratio - Ratio for the look back of the calculations in relationship to the SMA
* ATR Lookback - Lookback period to determine the ATR used to calculate the 3 levels of entries past the initial bands.
* Source for SMA - Should be left as "open" in order for the levels to be stationary during the creation of a new candle (added for completeness)
* STD - Number of standard deviations away from the calculated mean to be used for plotting the bands. 2.5 provides the best results given the method used for calculations.
* Color Bars - Visual representation of past entries. (Good for determining parameters)
* Show Mid Timeframe - An added "mid-timeframe" bands option to have a view of the bands on higher timeframe.
* SP Show - Deviation calculated swing points, (good for confirmation of reversals)
* Mid-Timeframe - self explanatory
版本注释
// --- Fixes on the lookback to avoid repainting of bands on volatile markets 03/18/20
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。