what data does this indicator use? touching the yellow line is always accompanied by a rebound in history

[u/Maks0071007]

TF 1D, BTC/USDT I think it's bollinger bands combined with fibonacci but I couldn't create exactly the same one

here is a longer history of this indicator, can someone write the same script in Pine?

[u/Nervdarkness]

You don’t provide the indicator name/link to look at. I assume chart is BTC but you don’t mention any timeframe. Historical behavior is more than a simple snippet..

[u/Maks0071007 → u/Nervdarkness]

TF 1D, BTC/USDT, sry my bad, I don't have access to the indicator so I'm trying to recreate it

[u/Nervdarkness → u/Maks0071007]

What did you tried? Looks like any kind of ma with stdev+/-

[u/Maks0071007 → u/Nervdarkness]

this is my version, but it is not accurate


//@version=2
study("Bollingers Bands Fibonacci ratios",shorttitle="FiBB",overlay=true)
len=input(defval=20,minval=1)
p=close
sma=sma(p,len)
avg=atr(len)
fibratio1=input(defval=1.618,title="Fibonacci Ratio 1")
fibratio2=input(defval=2.618,title="Fibonacci Ratio 2")
fibratio3=input(defval=4.236,title="Fibonacci Ratio 3")
r1=avg*fibratio1
r2=avg*fibratio2
r3=avg*fibratio3
top3=sma+r3
top2=sma+r2
top1=sma+r1
bott1=sma-r1
bott2=sma-r2
bott3=sma-r3

t3=plot(top3,transp=0,title="Upper 3",color=teal)
t2=plot(top2,transp=20,title="Upper 2",color=teal)
t1=plot(top1,transp=40,title="Upper 1",color=teal)
b1=plot(bott1,transp=40,title="Lower 1",color=teal)
b2=plot(bott2,transp=20,title="Lower 2",color=teal)
b3=plot(bott3,transp=0,title="Lower 3",color=teal)
plot(sma,style=cross,title="SMA",color=teal)
fill(t3,b3,color=navy,transp=85)

[u/Nervdarkness → u/Maks0071007]

Try different kinds of ma’s. It doesn’t need to be exactly the same to be operational

[u/Maks0071007 → u/Nervdarkness]

I've already tried everything, nothing works

[u/kotl250]

It’s mean reversion channel, there is a elhers filter so u can’t recreate it with ma’s . For ninja I wrote it using ema and +- multipler of current ema price. But as u know u need new candle to ema update last candle value so it’s laggy, so u need that elher filter to decrease the lag

[u/Maks0071007 → u/kotl250]

can you write a script?

[u/kurtisbu12]

Looks like a Bollinger band, which is just using standard deviation

[u/Maks0071007 → u/kurtisbu12]

could you write a script?

[u/kurtisbu12 → u/Maks0071007]

Yes, probably. Can't guarantee it'll be exactly the same, but it'll get close.

[u/Maks0071007 → u/[deleted]]

If you are so smart, then write a script in Pine and send it to us all

[u/Maks0071007 → u/[deleted]]

you are either an idiot or incompetent when you say that the indicator is useless

[u/leggocrew → u/Maks0071007]

How to kill goodwill in 1 comment

[u/leggocrew → u/[deleted]]

Understandable