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已更新 Cuban's Reversion Bands V2
Cuban's Reversion Bands V2
Cubans Reversion Bands, are a great indication of price overextension by using specified standard deviations, extended from a moving average basis line, the Volume Weighted Average Trend.
Reversion Bands V2 builds off the original foundation in a big way but utilizes completely new band logic and a more stable basis line, the stability leads to a more consistent band reversion zones.
The basis line is calculated with volatility metrics and long term range determinants.
The band extension points are then weighted on this basis line with the asset's average extensions taken into consideration to fit each asset individually.
Users gain the ability to customize:
EQ sensitivity will control the reaction time of the basis line e.g. a comparison of the default 1, and below an increase EQ to 100:
1 EQ Sensitivity (Default)
100 EQ Sensitivity
Band Sensitivity will control the distance of deviation from the basis point, this can be used to fine tune the reversion location which could be useful in higher beta environments.
1 Band Sensitivity
100 Band Sensitivity
As a result of overextension we can take this as a means for a potential market shift, for example, in range bound conditions we expect the market to revert at the given reversion zones in the Cuban Reversion Bands V2.
Failure to revert at a band level, and extension above could signify a change in market structure and lead to a trending environment thus giving us the ability to determine a trending environment.
To Do:
* alerts
* implement additional confluence via other proprietary tools to increase the signal ratio
Cubans Reversion Bands, are a great indication of price overextension by using specified standard deviations, extended from a moving average basis line, the Volume Weighted Average Trend.
Reversion Bands V2 builds off the original foundation in a big way but utilizes completely new band logic and a more stable basis line, the stability leads to a more consistent band reversion zones.
The basis line is calculated with volatility metrics and long term range determinants.
The band extension points are then weighted on this basis line with the asset's average extensions taken into consideration to fit each asset individually.
Users gain the ability to customize:
- [] EQ Sensitivity
[] Band Sensitivity
EQ sensitivity will control the reaction time of the basis line e.g. a comparison of the default 1, and below an increase EQ to 100:
1 EQ Sensitivity (Default)
100 EQ Sensitivity
Band Sensitivity will control the distance of deviation from the basis point, this can be used to fine tune the reversion location which could be useful in higher beta environments.
1 Band Sensitivity
100 Band Sensitivity
As a result of overextension we can take this as a means for a potential market shift, for example, in range bound conditions we expect the market to revert at the given reversion zones in the Cuban Reversion Bands V2.
Failure to revert at a band level, and extension above could signify a change in market structure and lead to a trending environment thus giving us the ability to determine a trending environment.
To Do:
* alerts
* implement additional confluence via other proprietary tools to increase the signal ratio
版本注释
- added orange coloring for potential early warning band trend change
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只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系cubantobacco。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
For access to this indicator, please join the CUBAN'S EDGE Discord here:
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。
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系cubantobacco。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
For access to this indicator, please join the CUBAN'S EDGE Discord here:
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。