Based on my vwBB, I created a set of indicators for my bandwalk strategy Items marked with * in the options should be considered for setting. In the initial state, it is a deviation band (similar to Bollinger band, but the lower side is narrow. For log scale) It is necessary to set when you want to weight the volume or make it a normal BB
How to use this indicator The aim is the timing when the squeeze breaks. Statistically, squeeze seems to break easily in the direction of strength (up or down)
The filled color of the band indicates the direction of strength When the middle line of the band is red, it is judged that it is squeezing.
The color of the + 2σ and -2σ lines in the band indicates whether the BBW is increasing or decreasing. If the line turns red, the band has begun to shrink, so we are assuming profitability.
The entry timing is when the middle line of the band is red, and after the + 2σ and -2σ lines turn green, LONG MAKE or SHORT MAKE is performed. It is a strategy if the direction of strength can be determined by the color that the band is filled with.
As a bonus SHIFT EVMA26 SMA60 SMA100 SMA200 and vwma200 Is displayed