Adaptive Trend Bands
Adaptive Trend Bands
Adaptive Trend Bands is a band indicator built around a centered weighted moving average with ATR-based envelopes. It looks a bit like Bollinger Bands, but the logic is different: the midline is a symmetrically weighted average, and the band width comes from a smoothed True Range instead of standard deviation.
WHAT YOU SEE ON THE CHART
- A median line in the center
- 3 upper bands and 3 lower bands, each with its own ATR multiplier
- All lines share a single, user-selectable color
HOW TO USE IT
- Bands 1, 2 and 3 mark increasing levels of price stretch away from the mean. Price reaching the outer bands can signal overextension.
- Combine it with your own tools such as price action, support/resistance and higher-timeframe bias. It is meant as a visual aid, not a standalone signal.
ALERTS
Six separate alerts are available: Upper Band 1, 2, 3 touch and Lower Band 1, 2, 3 touch. Each alert fires once when price first reaches the band. Optional triangle markers on the chart show the touches.
FULLY CUSTOMIZABLE
- Centered weighted-average half period (default 60)
- Price source (Close, Open, High, Low, Median, Typical, Weighted, Average)
- ATR period (default 100)
- ATR multipliers (defaults 4.2 / 3.5 / 2.8)
- Band color, midline color, line width
- Touch markers on/off
REPAINT DISCLOSURE
This indicator uses a centered (two-sided) weighted average, meaning the calculation for the most recent bars looks both backward and forward in time. As a result, the last ~60 bars can be recalculated and shift slightly as new price data arrives. Historical bars away from the current time are fully calculated and do not repaint. This is a known characteristic of centered filters and is disclosed here for transparency. Please account for this when testing and do not rely on the most recent bars for backtesting performance.
DISCLAIMER
This script is for educational and informational purposes only and is not financial advice. Trading involves risk. Past performance does not guarantee future results.
Adaptive Trend Bands is a band indicator built around a centered weighted moving average with ATR-based envelopes. It looks a bit like Bollinger Bands, but the logic is different: the midline is a symmetrically weighted average, and the band width comes from a smoothed True Range instead of standard deviation.
WHAT YOU SEE ON THE CHART
- A median line in the center
- 3 upper bands and 3 lower bands, each with its own ATR multiplier
- All lines share a single, user-selectable color
HOW TO USE IT
- Bands 1, 2 and 3 mark increasing levels of price stretch away from the mean. Price reaching the outer bands can signal overextension.
- Combine it with your own tools such as price action, support/resistance and higher-timeframe bias. It is meant as a visual aid, not a standalone signal.
ALERTS
Six separate alerts are available: Upper Band 1, 2, 3 touch and Lower Band 1, 2, 3 touch. Each alert fires once when price first reaches the band. Optional triangle markers on the chart show the touches.
FULLY CUSTOMIZABLE
- Centered weighted-average half period (default 60)
- Price source (Close, Open, High, Low, Median, Typical, Weighted, Average)
- ATR period (default 100)
- ATR multipliers (defaults 4.2 / 3.5 / 2.8)
- Band color, midline color, line width
- Touch markers on/off
REPAINT DISCLOSURE
This indicator uses a centered (two-sided) weighted average, meaning the calculation for the most recent bars looks both backward and forward in time. As a result, the last ~60 bars can be recalculated and shift slightly as new price data arrives. Historical bars away from the current time are fully calculated and do not repaint. This is a known characteristic of centered filters and is disclosed here for transparency. Please account for this when testing and do not rely on the most recent bars for backtesting performance.
DISCLAIMER
This script is for educational and informational purposes only and is not financial advice. Trading involves risk. Past performance does not guarantee future results.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.