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Multi Band Channel - Oversold/Overbought Oscillator

If your trading strategy is to sell the RIPs and buy the DIPs, this is an indicator for you.
This is based on the multi band indicator present here:

Code is simplified to generate as many bands as possible and hence divide price into as many states as possible based on these bands. Moving Average Type defines what moving average to be considered for Bollinger Band/Keltner Channel. This is based on

Once we derive price state based on multi bollinger band/keltner channel levels, we then look for highest and lowest levels in LoopbackPeriod.
Overbought level = Highest Level - Offset
Oversold level = Lowest Level + Offset
Blue line indicates current state.
This is based on the multi band indicator present here:

Code is simplified to generate as many bands as possible and hence divide price into as many states as possible based on these bands. Moving Average Type defines what moving average to be considered for Bollinger Band/Keltner Channel. This is based on

Once we derive price state based on multi bollinger band/keltner channel levels, we then look for highest and lowest levels in LoopbackPeriod.
Overbought level = Highest Level - Offset
Oversold level = Lowest Level + Offset
Blue line indicates current state.
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保護スクリプト
このスクリプトのソースコードは非公開で投稿されています。 ただし、制限なく自由に使用できます – 詳細はこちらでご確認ください。
Trial - trendoscope.com/trial
Subscribe - trendoscope.com/pricing
Blog - docs.trendoscope.com
Subscribe - trendoscope.com/pricing
Blog - docs.trendoscope.com
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。