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
Tobacco
An overlay that builds a Kaufman adaptive moving average of price as a center line and surrounds it with three bands above and below, scaled from an adaptive average of true range.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code85
Settings4inputs
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 band length and the three deviation multipliers are adjustable, and the zones between bands are shaded red above and green below. Alert conditions fire when price crosses the inner bands, the center line or the middle bands. Trading orders are commented out, so it only plots and alerts.
- Adaptive moving average center line
- Three shaded bands above and below
- Adjustable band length and multipliers
- Entry, exit and limit alert conditions
- Colored basis by slope
Details
Published by
0xfffangel on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Mean reversion, 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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Band Length | int | 25 | length |
| Frontrun Band Deviation | int | 5 | bd1 |
| Initial Band Deviation | int | 8 | bd2 |
| Final Band Deviation | int | 12 | bd3 |
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.
Similar Pine Scripts
Calculates mean reversion signals using statistical deviation metrics such as MAD, Standard Deviation, ATR, Z-Score, IQR, or Mean AD relative to customizable moving averages. It applies optional volume spike thresholds and trend filters to generate bullish and
Kalman Percentile Bands plots a volatility-adaptive Kalman mean along with three empirical percentile bands on each side of the price chart. It calculates a local-level Kalman filter as the fair value mean, normalizes price deviations by an EWMA of volatility,
This indicator classifies price action into four distinct market regimes: Trend, Expansion, Compression, or Mean Reversion. It determines states using a simplified Hurst exponent estimate, ADX slope thresholds, and realized volatility measurements. Based on th
Fear + Greed Reversal Projection measures market sentiment extremes by comparing price source values against historical highs and lows using standard deviation bands. It calculates fear and greed zones through simple or weighted moving averages. When market co
Greeffer's Scalping Indicator overlays higher-timeframe exponential moving averages, Bollinger Bands, and Donchian channels on the price chart. It flags a long when price touches the lower Donchian and lower band while the faster averages are not stacked beari
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers