PROTECTED SOURCE SCRIPT
SHWR Bands
Обновлено
"SHWR Bands" are designed for multiple types of traders such as scalpers, knife catching degenerates, swing traders, etc.
The midline is based off of an Event Anchored VWAP ("eVWAP"?) instead of a periodic or period based one because that just doesn't make sense to me for a 24/7 market.
The bands aren't regular stdevs, they're devs based off of something else besides the "eVWAP" and are mathed against another math.
A lot of different ways to play this indicator such as ping ponging between the first two bands and the midline, knife catching trend reversals with the outer bands, confluence for swing traders if price is at a resistant/support and is within one of the middle bands, etc
Useful for all timeframes in different ways.
I've butchered all those explanations but I hope you enjoy and use it anyways.
The midline is based off of an Event Anchored VWAP ("eVWAP"?) instead of a periodic or period based one because that just doesn't make sense to me for a 24/7 market.
The bands aren't regular stdevs, they're devs based off of something else besides the "eVWAP" and are mathed against another math.
A lot of different ways to play this indicator such as ping ponging between the first two bands and the midline, knife catching trend reversals with the outer bands, confluence for swing traders if price is at a resistant/support and is within one of the middle bands, etc
Useful for all timeframes in different ways.
I've butchered all those explanations but I hope you enjoy and use it anyways.
Информация о релизе
Updated the math on the bands. Better results now for higher timeframes and better "Tunnels" overallИнформация о релизе
Screw it. Original version is better
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.