Indicator · Pine Script v5 · On the chart

[RS]Signal to Noise Bands

by ricardosantos79

This overlay indicator plots a simple moving average of close as a center line and two pairs of bands around it.

View on GitHub

GitHub stars261on the repository
Pine versionv5runs as is
Lines of code42
Settings3inputs
LicenceNone stated
Last update4 years ago13 Nov 2021

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

Width equals the standard deviation of close times the base-ten log of the ratio of the powered signal to the powered deviation. A second pair keeps the largest range so far and fills a missing range from the prior range times 0.618. Signal length, deviation length, and power change the calculation. The five lines are drawn on the price chart, and the script has no entry or exit rules.

Details

Published by

ricardosantos79 on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Volatility & bands, Moving averages

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
signal_lengthint250signal_length
dev_lengthint10dev_length
powerinput2.power
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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