Cheat Code Bands

These bands are a combination of Fibonacci multiples of standard deviations, combined with specific time-frame moving averages. They are meant to be used similar to a Fibonacci Retracement pull, but with more dynamic and real-time updates on them.

These bands print their next value at the opening mark of a candle, and so will not fake you out.

You can expect to use these bands as support & resistance lines in the market, trading between the 4 different sets (separated via color), and looking for a bounce in the opposite direction if the bands can hold the market.

We oftentimes see price continually fluctuate between the upper-most 3 bands, and the lower-most 3 bands, so looking for a trade in the opposite direction once these bands are being held can be a good idea.

The time frame of the standard deviations, and the moving averages, are different from each-other, and are Fibonacci based as well. Through hours of backtesting, these values seem to hold best, and catch the major pivots in the market nicely.

Use the link below to obtain access to this indicator.

Release Notes

Renamed the indicator to properly match the script title

Release Notes

Added the ability to toggle on / off clouds, instead of the bands, as well as change their transparency

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact CryptoCheck22 directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Use the link below to obtain access to this indicator.

Warning: please read our guide for invite-only scripts before requesting access.

CryptoCheck22

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