As we know, %b is a measure of where prices are in relation to the outer Bollinger bands and therefore strongly related to volatility. This can get choppy, though.
Vervoort smoothed this using Zero lag TEMA of custom Heiken-ashi recalculated prices. According to Vervoort, "Smoothed Vervoort %b is often a leading indicator making smooth moves with clear turning points. Normal and hidden divergent moves make it an ideal tool to help find entry and exit points while watching price moving between the Bollinger bands."
This indicator gives very good input signals. Thanks to Lazy Bear. Could some programmer add regular and hidden divergence signals to it. I would greatly appreciate this additional indicator.
jonesesp
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An excellent tool to have access too...thanks @LazyBear
"This is Mr. Sylvian Vervoort's take on improving some well-known indicators (%B and Stoch) using smoothing techniques. "
LazyBear
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That Smoothed Oscillator is a combination of %b on Rainbow and Stoch.
Mr.Vervoort has multiple smoothed variations :)
LazyBear
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yw :)
jonesesp
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Is it possible to create multiple time-frame option with this indicator...like the good work @ChrisMoody is doing? So, if we are looking at the 15 min but the indicator can be set to display a higher TF such as the 1H or 4H....