Arnaud Legoux Moving Average Bands MTF V3 — Indicator by CapnOscar

alma

Ok I got it.. This is final with ALMA Bands.. You can ignore last 2 because this one covers all if you are interested.. If you like to know why I prefer ALMA for Bands this website may give you some insight.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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study(title = "Arnaud Legoux Moving Average Bands MTF V3", shorttitle="ALMAB MTF V3", overlay=true)
// Default TF is 4 Hrs
source = close

windowsize = input(title="Window Size", type=integer, defval=100)
offset = input(title="Offset", type=float, defval=0.85)
sigma = input(title="Sigma", type=float, defval=6)
picktf = input(title="Pick TimeFrame", type=resolution, defval="240")

ATRlength = input(100, minval=1)
ATRMult = input(2, minval=1)
ATRMult2 = input(4, minval=1)
ATRMult3 = input(6, minval=1)
ATR = rma(tr(true), ATRlength)

almamed = alma(source, windowsize, offset, sigma)


emaup = almamed+(ATR*ATRMult)
emadw = almamed-(ATR*ATRMult)
emahigh = almamed+(ATR*ATRMult2)
emalow = almamed-(ATR*ATRMult2)
emahighx = almamed+(ATR*ATRMult3)
emalowx = almamed-(ATR*ATRMult3)
almatfpv = security(tickerid,picktf ,almamed)
almatfup = security(tickerid,picktf ,emaup)
almatfdw = security(tickerid,picktf ,emadw)
almatfhigh = security(tickerid,picktf ,emahigh)
almatflow = security(tickerid,picktf ,emalow)
almatfhighx = security(tickerid,picktf ,emahighx)
almatflowx = security(tickerid,picktf ,emalowx)


plot(emaup, title="EMAUP", color=red)
plot(emadw, title="EMADW", color=green)
plot(emahigh, title="EMAHigh", color=red)
plot(emalow, title="EMALow", color=green)
plot(emahighx, title="StopLossShort", color=silver)
plot(emalowx, title="StopLossLong", color=silver)

plot(almamed,linewidth=2,color=purple)
plot(almatfup,linewidth=2,color=blue)
plot(almatfdw,linewidth=2,color=blue)
plot(almatfpv,linewidth=2,color=blue)
plot(almatfhigh,linewidth=2,color=red)
plot(almatflow,linewidth=2,color=red)
plot(almatfhighx,linewidth=2,color=silver)
plot(almatflowx,linewidth=2,color=silver)