HiBand

Channel Bands/News Trading Signal Generator

About:

HiBand refers to bands or channels plotted on a price chart, offering insights into the potential volatility and direction of an asset's price movements. The width of the bands serves as an indicator of price volatility, with wider bands suggesting higher volatility and narrower bands indicating lower volatility.

When prices touch or surpass the outer bands, it may suggest overbought conditions, while prices reaching the lower bands may imply oversold conditions.

Additionally, HiBand can aid in identifying the trend direction. Consistent price movement around the upper band may indicate an uptrend, whereas prices consistently hugging the lower band may suggest a downtrend.

Specifications:

• Market: Forex, Stocks, Crypto, Options, Indices, and Futures

• Timeframe: 30mn or 1hr for Forex, Stocks, Crypto, 15mn for Index Option Trading

• Type: Band/Channel AI

• Trading Style: All (scalping, swing, intraday, and position trading)

• Assets & Charts: All

• Setting Rules: None

Features:

• HiBand has the capability to automatically generate signals for buying and selling.

• It proves highly valuable in periods of market volatility, particularly during news cycles, as it consistently generates accurate signals for buying and selling.

• It effectively navigates these instances of heightened volatility and provides insights into potential market reversals or shifts in direction. This advantage translates to the potential for higher profit gains.

• If you see a candle closing beyond the established zone during volatile periods, you have the option to consider trading in the opposite direction.

• No specific rules, simply trade on signals.

How to use:

• Just run the indicator script on your chart, adjust the timeframe to 30 minutes or longer, and await the buy or sell signal.

• To manage risk, you can employ the Tradingview long position tool to establish stop-loss levels.

Note:

HiBand indicative AI uses proprietary algorithms, complex logic and mathematical equations to analyze price movements and identify potential trading opportunities. These algorithms construct bands around a central price line, visually representing price volatility and possible support and resistance levels.

By understanding the characteristics of different Tradebox band indicators and combining them with other technical analysis tools, traders can develop effective trading strategies and make more informed decisions in the financial markets.

As with any trading tool, it’s essential to test your use of HiBand Indicative AI to align with your specific trading objectives and risk tolerance.