This indicator plots trade entry and exit signals on the price chart by combining Bollinger Bands with optional filter conditions. It calculates standard Bollinger Bands along with RSI, Aroon, and moving average filters. Reversal signals trigger when price bre
Indicator · Pine Script v5 · On the chart
Nadaraya-Watson Envelope
An overlay that fits a Nadaraya-Watson kernel regression curve to recent prices and wraps it with upper and lower bands set at a multiple of the mean absolute error.
Repaints
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code76
Settings6inputs
LicenceNone stated
Last update4 years ago13 Aug 2022
Add It to Your TradingView Chart
- 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
The window size, bandwidth, band multiplier and source are adjustable. Arrows mark where price crosses outside a band, and alerts fire on crossings of the latest band values. The curve and bands are redrawn on the last bar each time, so earlier segments can change as new bars arrive.
- Kernel regression smoothing curve
- Upper and lower error-based bands
- Arrow markers on band crossings
- Long and short alert conditions
- Adjustable window, bandwidth and multiplier
Details
Published by
0xfffangel on GitHub
Code credit
LuxAlgo, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Window Size | float | 500 | length |
| Bandwidth | float | 8. | h |
| mult | float | 3. | mult |
| Source | source | close | src |
| Colors | color | #39ff14 | up_col |
| dn_col | color | #ff1100 | dn_col |
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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