Valdex BBWP Multitimeframe

Valdex BBWP Multitimeframe: Multitimeframe Volatility at Your Fingertips

Created by: [Your TradingView Name/Username]
Adaptation of: Bollinger Band Width Percentile (BBWP)

// --- GENERAL DESCRIPTION ---
The **Valdex BBWP Multitimeframe** indicator is an advanced and optimized adaptation of the classic *Bollinger Band Width Percentile (BBWP)* indicator. Its purpose is to provide a robust and flexible tool for measuring the market's **relative volatility** on a scale from 0 to 100.

What distinguishes this version is its ability to **analyze volatility across THREE timeframes simultaneously**, allowing you to confirm expansion (high volatility) or contraction (low volatility) in higher timeframes without switching charts. It is an essential filter for any breakout or retracement strategy.

// --- KEY FEATURES ---
1. Base Line (Current TF): Displays the BBWP calculated on the exact timeframe of the current chart, preserving its pure, unsmoothed value (original "noise").
2. Multitimeframe (MTF) Lines: Allows you to define two separate BBWP lines, each pulling data from an external timeframe (e.g., 60 minutes, Daily). Includes a configurable Moving Average (MA) to smooth the noise.
3. Key References: Includes horizontal lines at 0, 50, and 100 for quick zone identification.

// --- CONFIGURATION AND USAGE ---
For MTF Lines 2 and 3, you must manually enter the desired timeframe in the text field (valid examples: 5, 60, 240, D, W).

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🇪🇸 Versión en Español: Valdex BBWP Multitimeframe: La Volatilidad Multitemporal

El indicador Valdex BBWP Multitimeframe es una adaptación optimizada del BBWP. Mide la volatilidad relativa del mercado en una escala del 0 al 100, simultáneamente en TRES temporalidades distintas. Es un filtro esencial para cualquier estrategia basada en rupturas o retrocesos.

Funcionalidades Clave:
1. Línea Base (TF Actual): Coincide con el BBWP puro de la temporalidad del gráfico actual (sin suavizar).
2. Líneas Multitemporales (MTF): Permite definir dos líneas de BBWP separadas, extrayendo datos de una temporalidad externa (ej.: 60 minutos, Diario). Incluye una Media Móvil (MA) configurable para suavizar el ruido.