Arnaud Legoux Moving Average Bands MTF V3
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. www.arnaudlegoux.com/
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)