OPEN-SOURCE SCRIPT
已更新 Price Volume Trend BB
Hey guys,
Ive been thinking about Price Volume Trend for a while and tried adding different moving averages to it, but seems its not as binary.
Therefore adding the bollinger bands as a no-trade-zone made it alot better. Indicator is pretty basic at the moment since I just implemented the idea but im planning to do some add-ons later on to make it easier to read.
Will keep you updated!
Ive been thinking about Price Volume Trend for a while and tried adding different moving averages to it, but seems its not as binary.
Therefore adding the bollinger bands as a no-trade-zone made it alot better. Indicator is pretty basic at the moment since I just implemented the idea but im planning to do some add-ons later on to make it easier to read.
Will keep you updated!
版本注释
Made a few changes to make Buy/sell areas easier to read.版本注释
Made the no trade zone more visible版本注释
The updated script includes a normalize function to help scale the data and make it easier to read on the chart. It also includes an option to adjust the smoothing of the price volume trend (PVT) for more customization.
Finally, the background color changes based on the trend, with blue indicating a bullish trend and red indicating a bearish trend.
版本注释
MAJOR CHANGES:- 5-color regime system with volatility intelligence
- ATR-based volatility expansion detection
- Band compression prediction (early breakout warnings)
- Pine Script v6
VISUAL IMPROVEMENTS:
- Dynamic color-coding based on regime + volatility
- Optional momentum histogram
- Predictive purple backgrounds for compression
HOW THE NEW SYSTEM WORKS:
- Blue/Red variations = Bullish/Bearish regimes
- Brighter colors = Volatility expansion (higher probability)
- Purple background = Compression building (breakout coming)
- Gray = Neutral zone (no clear trend)
ALERTS:
– "High Probability Setup" = Best trading opportunities
– "Band Compression" = Get ready, setup building
–"Volatility Expansion" = Market ready to move
开源脚本
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
开源脚本
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.