PVBands Indicator

Bands Indicator

A new approach to a band indicator, combine best of the standard band indicators ideas (Bollinger, DonchianChannel, KeltnerChannel,...) with additional logic.  Faster and smarter response plus additional "standard" trade signals added with filter.

Parameters (Default):

• P 1. Period (14): Period of the indicator (adaptive).
• P 2. Width (1): Sort of standard error/dev. 
• P 3. Mode (0): Signal mode: Currently -8 -> 8, Negative just reverse from positive ones. More info later like mode 2 is a cross over the upper/lower band with ADX filter.
• P 4. FilterPeriodORValue (0): Used to filter some signals, like ADX over.. more info later.

Visual  (Default):

• G. Draw Signal (True): Draw signal (Triangle) to the chart level, Signal DataSeries available for strategies anyway.

 

Download:  NT7

Purchase (PriceGroup2)

Misc:

A strategy utilizing this indicator available via request.
Let me know what you trade and what is your time frame so I can give some hint of possible useful settings for this indicator.

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could  potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. 

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Terms of Usage