This indicator plots custom upper and lower bands on the price chart based on a weighted moving average using hlc3 source, length of 50, and a standard deviation multiplier of 2.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
GERMENCIK-AT also includes Arnaud Legoux Moving Average with adjustable length, offset, and sigma, plus narrow and wide Bollinger Bands. Bands are rendered in red and green with optional dashed lines and transparency. Crossovers of close price against the bands trigger alerts. The main settings control the length of the custom MA, standard deviation, ALMA parameters, and narrow and wide BB periods and multipliers. It draws directly on the price chart and repaints to a limited extent on the last bars.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
source
source
hlc3
src77
lenght
int
50
len
StdDev
float
2.0
mult11
upper band color
color
color.rgb(223, 3, 3)
cu
lower band color
color
color.rgb(46, 181, 1)
cl
dashed
bool
false
dashed
transp
bool
true
transp
Arnaud Legoux MA Length
int
14
len5
Source
source
close
src22
ALMA Offset
float
0.85
offset5
ALMA Sigma Value
int
6
sigma
ALMAPeriyod
timeframe
1W
res18
Show all 22 settings
Setting
Type
Default
Variable
Multiplier
float
1
coeff
Common Period
int
14
AP
src5
source
close
src5
Show Signals?
bool
true
showsignalsk
Change calculation (no volume data)?
bool
false
novolumedata
BB MA
int
20
length22
BB Source
source
close
src222
Narrow BB Multitude
float
2.0
mult22
Wide BB Length
int
20
length122
Wide BB Multitude
float
3.0
mult122
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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