Foxy's Acceleration Bands
Foxy's Acceleration Bands is a dynamic technical indicator designed to help traders identify potential support and resistance levels using logarithmic regression and adaptable moving averages. By plotting bands around price movements, this indicator offers insights into potential zones where price acceleration, resistance, and support might occur.
How to Use:
Apply the "Foxy's Acceleration Bands" indicator to your TradingView chart.
Customize the indicator parameters as per your requirements:
factor: Adjust the sensitivity of the bands.
length: Set the length for moving averages and regression calculations.
mult: Modify the multiplier for upper bands.
Show Middle Bands: Toggle the display of middle bands.
Show Upper Bands: Toggle the display of upper bands.
Band MA Type: Choose the moving average type for the bands.
Middle MA Type: Select the moving average type for the central band.
Draw Prediction: Enable prediction lines for potential future price trends.
Prediction Slope Type: Choose between a fixed or dynamic slope length for prediction lines.
Fixed Slope Length: Set the slope length for prediction lines (if enabled).
Interpretation:
Upper Bands: The red upper bands indicate potential resistance zones where price acceleration might occur.
Middle Bands: The orange central band provides insights into the prevailing price trend.
Lower Bands: The green lower bands suggest potential support zones where price deceleration might happen.
Prediction Lines: If enabled, dotted lines visualize potential future price trends based on historical data.
Important Note: Foxy's Acceleration Bands is designed to assist traders in identifying potential support and resistance zones. Always complement its insights with other analysis techniques and prudent risk management strategies.
How to Use:
Apply the "Foxy's Acceleration Bands" indicator to your TradingView chart.
Customize the indicator parameters as per your requirements:
factor: Adjust the sensitivity of the bands.
length: Set the length for moving averages and regression calculations.
mult: Modify the multiplier for upper bands.
Show Middle Bands: Toggle the display of middle bands.
Show Upper Bands: Toggle the display of upper bands.
Band MA Type: Choose the moving average type for the bands.
Middle MA Type: Select the moving average type for the central band.
Draw Prediction: Enable prediction lines for potential future price trends.
Prediction Slope Type: Choose between a fixed or dynamic slope length for prediction lines.
Fixed Slope Length: Set the slope length for prediction lines (if enabled).
Interpretation:
Upper Bands: The red upper bands indicate potential resistance zones where price acceleration might occur.
Middle Bands: The orange central band provides insights into the prevailing price trend.
Lower Bands: The green lower bands suggest potential support zones where price deceleration might happen.
Prediction Lines: If enabled, dotted lines visualize potential future price trends based on historical data.
Important Note: Foxy's Acceleration Bands is designed to assist traders in identifying potential support and resistance zones. Always complement its insights with other analysis techniques and prudent risk management strategies.
Versionsinformation:
Update Default MA and Some Parameters
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Add Volume Average For Smoothing
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Add Volume Paramter and Tweak Default Parameters
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Clean-up & Refactor & Better Functionality
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Add Volume Smoothing
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Update Default Parameter
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Add Adaptive MA
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Fix Bug
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Fix Major bug
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Revert Last Fix (Doesn't Work Properly)
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Add Super Fast Band
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Fix Default Parameter
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Add Auto-Length
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Fix Length Selector
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Fix Adaptive MA
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Fix Default Timeframes Length
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Fix Auto Timeframes
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Fix Length Selector Value
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Fix Log Issue
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Fix typo
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Fix Log Issue #2
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Comment the un-needed function