OPEN-SOURCE SCRIPT

Function : Bollinger Bands and BBW Squeeze Detector

Mis à jour
This script shows Bollinger Bands function and want to detect Bollinger Band Width Squeeze with a successful, different perspective .

Bollinger Bands : You can specify the Bollinger Bands periods as mutable variables.

Bollinger Band Width Squeeze : First the Bollinger bands width was calculated.The width was then divided into levels using the money flow index.

Thus, the bollinger takes into account the available volume averages when calculating the band width mfi (Money Flow Index).

After this modelling, we can limit and color the lower limit and upper limits just as Relative Strength Index.

We can even put warnings on oversold areas if desired. Let's not forget that we are working with width rather than price.

By design, squeeze areas are defined directly above the Bollinger Bands with coloration. I think it is very practical and looks stylish.

I tried and found it quite successful and wanted to share it with users.

I came up with many ideas when I wrote this system, and I will share them very soon . I hope it will be useful to users and give new ideas.

Best regards.



Notes de version
Update : Dependent Variable Odd Generator Risk Detector used for detect Bollinger Band Width Squeeze.
More info about Dependent Variable Odd Generator Risk Detector :

Dependent Variable Odd Generator Risk Detector
Notes de version
Short Bollinger Band Width Period issue fixed.
BBbbandBBWBollinger Bands (BB)designMFIMoney Flow Index (MFI)squeezeStandard Deviation (Volatility)Volatility

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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