The Bollinger Band Gradient Indicator uses plenty of Bollinger Bands to create a gradient-looking indicator to help with layered entries . It is similar to a Ribbon but better. This indicator is best used with any volume-related indicator so you can recede from entering into any position with too much momentum to rebound off of any line. Note that this indicator...
Supports and resistances are key concepts in technical analysis and are widely used by traders. The Lux Algo SR & Patterns Premium toolkit includes novel methods that automatically highlight pertinent supports and resistances on your chart.
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7 hours ago
Hello friends. This is simply a moving average ribbon, per se. The values for the colored ribbon can have their length calculated to fit their chosen resolution on the current one. This solved problems for me, but it was my own solution. Maybe I'll learn something new from sharing this.
To everybody else who is learning as well, this script...
I present yet another state-of-the-art "MTF Lag-Less RasterChart" employing PSv4.0. Simply describing how this indicator works, the bottom of the indicator pane is most reactive and is highly effective at identifying reversal points quickly once they occur, while the upper portion of the indicator commonly shows enduring trends. This may be my finest...
![BTCUSD: Thermal RSI [by Shtff]](https://s3.tradingview.com/p/p0JeOqyM_mid.png "Thermal RSI [by Shtff]")
![BTCUSD: Thermal StochRSI [by Shtff]](https://s3.tradingview.com/o/OEn2PpfY_mid.png "Thermal StochRSI [by Shtff]")