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RangeBands
Version 2
Range Bands provide a universal trend-following indicator which can be applied to any stock, commodity, index or ETF in any time frame. Range Bands provide a clear and unambiguous indication of trend direction. The advantage of using Range Bands is that if prices make a big move, you are likely to be on the right side of the trade. Range Bands may also prevent you from being shaken out on short term fluctuations while a big move develops. The disadvantage of using Range Bands is that the distance between the bands is over 2 times the Average True Range so in broad, ranging markets, positions may be whipsawed leading to losses. For extra certainty, you may consider waiting for 2 consecutive blue bars (for an uptrend indication) or 2 consecutive red bars (for a downtrend indication) to confirm the change in trend.
Range Bands provide a universal trend-following indicator which can be applied to any stock, commodity, index or ETF in any time frame. Range Bands provide a clear and unambiguous indication of trend direction.

The advantage of using Range Bands is that if prices make a big move, you are likely to be on the right side of the trade. Range Bands may also prevent you from being shaken out on short term fluctuations while a big move develops. The disadvantage of using Range Bands is that the distance between the bands is over 2 times the Average True Range so in broad, ranging markets, positions may be whipsawed leading to losses.

For extra certainty, you may consider waiting for 2 consecutive blue bars (for an uptrend indication) or 2 consecutive red bars (for a downtrend indication) to confirm the change in trend.
What's New
Version 2
Paintbars now always paint non-trending bars green to ensure the indicator appears as intended. PaintBars now update based on the most recent price tick. You must select “Update Value Intra-Bar” for this to work. RangeBandsStopDots is a new ShowMe indicator which plots dots at the level at which trend changes. This allows you trail stops when in a trade and better control risk when entering new trades.

Version 1
Version 2
Paintbars now always paint non-trending bars green to ensure the indicator appears as intended. PaintBars now update based on the most recent price tick. You must select “Update Value Intra-Bar” for this to work. RangeBandsStopDots is a new ShowMe indicator which plots dots at the level at which trend changes. This allows you trail stops when in a trade and better control risk when entering new trades.

Version 1
Media
Customer Reviews
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Average Customer Rating:
 (3)
How do I install Rangeband?
December 23, 2016 Version: 2
By:Guy Seebaluck
A Great Set of Indicators
December 20, 2016 Version: 2
By:Trend Trader
I would like to sincerely thank Christopher for his generosity in supplying this excellent set of indicators. The key is avoiding sideways markets but using the multiple time frames Chris has built into the paint bars should be helpful. The radar screen looks impressive as well. Happy Holidays to Chris and thank you again for your work in supplying these indicators.
Good Indicator
June 2, 2016 Version: 1
By:AA11
Good support and resistance indicator .
FREE
Install
Uninstall
 
Developer
Christopher Smith
Requirements
Tradestation 9.5 (TS95U14Krypto3031)
Support Documents
Asset Type
Stock, Future, Forex
Style
Swing Trading
Methodology
Trend
Analysis Techniques
Applications
Categories