Flat Detect By Bollinger Bands

This simple script indicate the potential flat market zones, calculated based on the Bollinger Bands width.
It's showing the Bollinger Bands in red when the market is detected as flat.

You can adjust the Width Threshold with precision on the inputs settings.

Enjoy :)

Notes de version

Default values was optimized for BTCUSDT pair under 4h TimeFrame.
Play with "StdDev" and "Threshold Width" to get better results depending the pairs and timeframes you using

Notes de version

Update

Notes de version

Alerts Added

Notes de version

- Alerts take now the ATR filter option in consideration:
Before this update, the alerts was only take in consideration the Bollinger Bands filter and not the ATR Filter.
Now it's take ATR filter option in consideration

- You can now choose the Bollinger Bands Width Threshold in %:
To do it, select the "Threshold Type" to "%". it will use the "Threshold Width in %" value.
You still be able to use the old version by select the "Threshold Type" to "Ticks". it will use the "Threshold Width in Ticks (Old version)" value.

REMARK:
If you use alerts on this indicator, always setup your alerts trigger to "Once Per Bar Close" to avoid false signals.

ENJOY !!!

Script open-source

Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.

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Clause de non-responsabilité

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Script open-source

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