• Overview
  • Reviews (5)
  • Comments

Beta Bands

This indicator shows main trend, entry zone and exit zone.

This is a muti-timeframe indicator, so it is always repainting in the current period of the higher timeframe.


Basic Principle

Combines the algorithm of MACD and ATR to determine the trend direction and range.


Features

  • Colorful Histogram: it indicates the main trend, the tomato means the market is bearish,and the sky blue means the market is bullish.
  • Inner Blue Bands: it is entry zone for entry market, the market is relatively safe for entry.
  • Outer Yellow Bands: it is exit zone for exit market, the market is oversold or overbought.


Settings

  • AutoMatchTimeFrame: if true,the indicator will automatically select a higher timeframe
  • InpTimeFrame: input timeframe by users if AutoMatchTimeFrame is false.
  • BullColor: the color of histogram in bullish market (default is sky blue).
  • BearColor: the color of histogram in bearish market (default is tomato).


Usage

Entry the market when the price is in the inner bands. If the price reached outer bands, order should be closed.

The key of trading is to select a proper timeframe. Of course, you may create your strategy based on this indicator.

Tim Eubanks
4273
2018.03.13 08:39 
 

Beautiful indicator

philippe germain
509
2018.03.09 15:35 
 

Repainting indicator!

2458
97
2018.02.27 15:37 
 

Outstanding work! Thanks Ziheng ;)

rainwalker123
1071
2018.01.28 11:23 
 

User didn't leave any comment to the rating

alexsxs72
208
2018.01.26 09:57 
 

User didn't leave any comment to the rating