[CBB] Rising Falling Color Band plots dynamic channel bands, mean reversion zones, and squeeze indicators in a separate pane. Users can adjust the moving average length, lookback window, standard deviation multipliers, and toggle visibilities for squeeze bands, mean reversion zones, and trend zones.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
MA Length
int
50
len
Lookback Window
int
3
window
Show Squeeze Color
bool
true
vis_squeeze
Show Squeeze Band
bool
false
vis_squeeze_band
Show Mean Reversion Zone
bool
false
vis_meanrev_zone
Show Trend Zones
bool
false
vis_trend_zones
Channel Color (dark)
color
color.rgb(200,200,200,90)
inp_col_dark
Channel Color (light)
color
color.rgb(0,0,0,0)
inp_col_light
Dark Mode
bool
true
inp_col_mode
Std Wide Env
float
2.5
std_34
Std wide Env a
float
1.25
std_34a
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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