2 Multi-Timeframe Bollinger BandsThis is two separate Bollinger bands in one study. Customizable middle BB line type ( SMA , EMA , VWMA ), legnth, colors, and deviations provided at .5 increments.
Someone else has a very similar Bollinger Band study but the code was hidden, so I figured I would remake as a learning challenge since I'm new to pinescript and this is the best way to learn it imo.
There will be updates to this script in the future but for now it serves its purpose lol. Publishing this version early as I wanted to give some friends access to it
In terms of usage, I like 4h 50 SMA alot . Having two sets of Bollinger bands is nice so you can turn one off or swap between time frames and such. In terms of techniques using both bbands, I haven't really played with it too much yet but simple things like 1h 50sma bbands expanding past the 4h 50sma bbands probably indicate an exaggerated move in that specific time frame, etc etc.
Hope this helps!
Bandes de Bollinger (BB)
Bollinger Bands Bar ColoringThis is a simple script that colors bars/candles based on where price is relative to the basis, and the upper and lower bands of the Bollinger Bands.
If price is above the basis, candles will be colored green, and if price is below the basis, candles will be colored red.
If price is outside of the bands on either side, the candles will be colored a darker shade of either color depending on if it is above or below.
I created this indicator because I like that at a glance I can have an idea of the bullishness or bearishness of price action based on the Bollinger Bands, without actually having the Bands overlayed on my charts.
It's also quite nice because I find that the areas where there is a shift in candle color (especially from green to red and vice versa) aid in identifying levels of support and resistance, and shifts in market structure.
I have another indicator that is a huge modification of the Bollinger Bands %B, which includes the candle coloring (and MAs), but this frees up space on my chart while still providing me with the primary information I'm looking for.
VWMACDV2 w/Intraday Intensity Index Histogram & VBCB Hello traders! In this script i tried to combine Kıvanç Özbilgiç's Volume Based Coloured Bars, Volume Weighted Macd V2 and Intraday Intensity Index developed by Dave Bostian and added to Tradingview by Kıvanç Özbilgiç. Let's see what we got here;
VBCB, Paints candlestick bars according to the volume of that bar. Period is 30 by default. If you're trading stocks, 21 should be better.
Volume Weighted Macd V2, "Here in this version; Exponential Moving Averages used and Weighted by Volume instead of using only vwma (Volume Weighted Moving Averages)." Says, Kıvanç Özbilgiç.
III, "A technical indicator that approximates the volume of trading for a specified security in a given day. It is designed to help track the activity of institutional block traders and is calculated by subtracting the day's high and low from double the closing price, divided by the volume and multiplied by the difference between the high and the low."
*Histogram of vwmacd changes color according to the value of III. (Green if positive, yellow if negative value)*
VWMACD also comes with the values of 21,13,3... Which are fibonacci numbers and that's how i use it. You can always go back to the good old 26,12,9.
Other options according to the fibonacci numbers might be= 21,13,5-13,8,3-13,8,5... (For shorter terms of trading)
Trading combined with the bollinger bands is strongly advised for both VWMACD and III. VBCB is just the candy on top :)
Enjoy!
Triple BB3 Bollinger Band Plots that are translucent in order to see where the bollinger bands align from 3 different resolutions.
Change the resolution to more closely represent the current chart. For example on a 1 hour chart you might choose Res1 as 30 minutes, Res2 as 1 hour, and Res3 as 2 hour.
[kai]Bollinger BandsBollinger band compatible with log scale
You can display the squeezed part in red
ログスケールに対応したボリンジャーバンドです
スクイーズしたところを赤く表示することができます
Bollinger Bands + VWMA SignalIn this tool we can use Bollinger bands together with VWMA (volume weighted moving average) and Buy/Sell signals.
Red lines shows sell opportunities and green lines shows buy opportunities.
Sell and buy opportunities are deducted based on two moving average: (base MA) and VWMA.
This tool works in any time frames, but 4H is recommend.
The base moving average is set to 89 (in 4H) and you can change it to any values like (13, 21, 34, 55, 89, 144, ...).
The long(200) moving average can be used as a trend indicator, as well as support and resistance.
You may leave a like of you find it useful.
EMA Ribbon Bollinger UltimateEma Ribbon and Bollinger Bands.
Background change color if the trend change or if it goes weak.
Squeeze Momentum [Plus]The "Momentum" in this indicator is smoothed out using linear regression. The Momentum is what is displayed on the indicator as a histogram, its purpose is obvious (to show momentum).
What is a Squeeze? A squeeze occurs when Bollinger Bands tighten up enough to slip inside of Keltner Channels .
This is interpreted as price is compressing and building up energy before releasing it and making a big move.
Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC.
In this version, I've given the freedom to change this and try out different types of moving averages.
The original squeeze indicator had only one Squeeze setting, though this new one has three.
The gray dot Squeeze, call it a "low squeeze" or an "early squeeze" - this is the easiest Squeeze to form based on its settings.
The orange dot Squeeze is the original from the first Squeeze indicator.
And finally, the yellow dot squeeze, call it a "high squeeze" or "power squeeze" - is the most difficult to form and suggests price is under extreme levels of compression.
Now to explain the parameters:
Squeeze Input - This is just the source for the Squeeze to use, default value is closing price.
Length - This is the length of time used to calculate the Bollinger Bands and Keltner Channels .
Bollinger Bands Calculation Type - Selects the type of moving average used to create the Bollinger Bands .
Keltner Channel Calculation Type - Selects the type of moving average used to create the Keltner Channel.
Color Format - you to choose one of 5 different color schemes.
Draw Divergence - Self explanatory here, this will auto-draw divergence on the indicator.
Gray Background for Dark Mode - to make them more visually appealing.
Added ADX (Average Directional Index) that measure a trend’s strength. The higher the ADX value, the stronger the trend. The ADX line is white when it has a positive slope, otherwise it is gray. When the ADX has a very large dispersion with respect to the momentum histogram, increase the scale number.
Added "H (Hull Moving Average) Signal". Hull is a extremely responsive and smooth moving average created by Alan Hull in 2005. Have option to chose between 3 Hull variations.
Added "Williams Vix Fix" signal. The Vix is one of the most reliable indicators in history for finding market bottoms. The Williams Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets.
The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility, and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up.
The FE green triangles are "Filtered Entries"
The AE green triangles are "Aggressive Filtered Entries"
Projected Bollinger Bands - Quadratic RegressionBased on the work of Alex Groove : https://www tradingview com/script/YnoXd2AY-forecasting-quadratic-regression/
and also based on https://www tradingview com/script/YnoXd2AY-forecasting-quadratic-regression/ by capissimo
Notes:
1. This Bollinger Bands uses the QREG as its middle line (not MA as the original Bollinger Bands) so this should be acknowledged.
2. This indicator forecasts 3 candles (periods) ahead.
3. The label's position is quite messy, so you need to adjust the chart zoom in order to make the indicator doesn't overlap anything.
4. You need to manually set the time frame in the indicator settings because i'm not able to make the indicator recognizes it automatically
I'm trying to make the Bollinger Bands Forecasting from Quadratic Regression, and i'm really sure that there are a lot of mistakes here and there, so i 'm hoping corrections coming from you guys...
CHEERS!!!
Bollinger Band Calculation ToolIntroducing the Bollinger Band Calculation Tool
What are Bollinger Bands ?
According to Investopedia ....
"In the 1980s, John Bollinger, a long-time technician of the markets, developed the technique of using a moving average with two trading bands above and below it.
Unlike a percentage calculation from a normal moving average, Bollinger Bands® simply add and subtract a standard deviation calculation.
Standard deviation is a mathematical formula that measures volatility, showing how the stock price can vary from its true value.
By measuring price volatility, Bollinger Bands® adjust themselves to market conditions.
This is what makes them so handy for traders; they can find almost all of the price data needed between the two bands."
Classic interpretations of Bollinger bands from Fidelity Investments....
"When the bands tighten during a period of low volatility, it raises the likelihood of a sharp price move in either direction.
This may begin a trending move. Watch out for a false move in opposite direction which reverses before the proper trend begins.
When the bands separate by an unusual large amount, volatility increases and any existing trend may be ending.
Prices have a tendency to bounce within the bands' envelope, touching one band then moving to the other band.
You can use these swings to help identify potential profit targets.
For example, if a price bounces off the lower band and then crosses above the moving average, the upper band then becomes the profit target.
Price can exceed or hug a band envelope for prolonged periods during strong trends.
On divergence with a momentum oscillator, you may want to do additional research to determine if taking additional profits is appropriate for you.
A strong trend continuation can be expected when the price moves out of the bands.
However, if prices move immediately back inside the band, then the suggested strength is negated."
This indicator contains a standard set of Bollinger Bands with the addition of a Test Closing Price calculation function.
It displays a standard set of Bollinger Bands by default.
How do I use the Test Closing Price function ?
Enter a test price in the Test Closing Price box in the settings, and then click the "Use Test Price" button.
The indicator will then replace the current Bollinger upper, lower and basis-lines with plots showing the resultant lines if price were to close at the Test Closing Price.
An information panel will appear which displays the test closing price and the resulting Bollinger-upper, Bollinger-lower and basis-line prices.
Can display up to 10 decimal places and has adjustable label offset.
It will also plot lines outlining the resultant closed candle body for clarity.
To return to "Standard Bollingers" just click off the "Use Test Price" button.
Knowing exactly what the Bollinger bands and Basis will do if a particular closing price is met can be useful in a variety of ways to traders who use Bollinger Bands® in their trading.
It is possible to work out exactly what closing price is required to get above or below a Bollinger band which is normally difficult as Bollingers react to the change in price.
Users can also experiment with different Test Closing Prices [/i to see exactly what effect this would have on the Basis moving average and on the Bollinger bands themselves.
multi RSI channel for divergence / wave analysisThis is an indicator that will make analysis using RSI much easier!
This indicator is basically an RSI, that uses the concept of bollingerbands, and draws channel that corresponds with the real RSI value.
With this script, you will be able to
1.spot divergences visually, and much easier (rsi channel is set to 35/65-white 30/70-yellow 20/80-orange 15/85-red)
2.analyze the wave easier with the guidance of labels printed
For those people who use RSI alot, you will be able to use this indicator for spotting divergence scenarios before the divergence forms,
and with the multi-rsi channel & help of label, you will be able to visually know that the divergence has formed.
this indicator will help guide you to read RSI indicator much better, and I personally don't think that you need extra RSI indicator(default),
because this is much more intuitive, and you get all the benefits of RSI as well.
hope this helps someone like me who really wanted to use RSI channel more professionally!
Angle of Bollinger Bands AlertThis script is used to calculate angle of Bollinger Bands and also setup alerts.
The angle is based on the rules:
- if the previous 2 is 1.1, previous 1 is 1, and the current is 1.1, then the angle should be 90 degrees.
- if the previous 2 is 0.9, previous 1 is 1, and the current is 0.9, then the angle should be 270 degrees
If upper angle is below 90 degrees and close is above the average, it is long signal.
If lower angle is above 270 degrees and close is below the average, it is short signal.
- It is good for catch trend trading.
- Not good for swing trading as the BB changes are very tiny but angles for upper may hit below 90 degrees or angle of lower may be above 270 degrees.
Bitcoin 4 hours, bull market long, indicatorFirst of all, this indicator only applies to more than bull market.
It’s very simple to use.
1. The yellow part represents the short-term price is too high, you can sell some.
2. The black part represents the short-term price is too low, can be appropriate to buy some.
3. You can also add an alert to alert you.
Please remember to choose the 4 hour level, preferably bitcoin , and not to use this indicator on other currencies.
Give me a thumbs-up if you like it 👍
Bollinger on Bollinger OscillatorThis study is a user-friendly workaround to the BBOE+ (attached at the bottom).
I applied Bollinger Bands on BB Oscillator which spend his time bouncing between +100 -100 levels both representing extremes market conditions. You can use it to spot reliable entries/exits opportunities.
During an uptrend when the oscillator tends to -100 and the lower BB turn up you should consider a BUY. Do the same thing when the oscillator pushes under the lower BB nearby the Zero Line.
Make the opposite during a downtrend.
Also look for divergencies that occurs nearby the borders and BB squeezes too.
You can vary both the lenght for the Oscillator and BB.
Use “Upper Multiplier” and “Lower Multiplier” to set two different StDev from the basis (if you need).
You may also consider to apply an offset to the BB.
Is up to you to match the configuration that better-fits your market and time frame.
Default settings could well fits this IXIC 4H Chart.
So that this is basically a price-based indicator you would better consider to pair it with a volume-based or an absolute-momentum-based one.
SHARING IS INTENDED FOR EDUCATIONAL PURPOSE ONLY. NOT FOR PROFESSIONAL USE.
WILL APPRECIATE ANY FEEDBACK, QUESTION, SUGGESTION. (*)
(*) Please don’t ask me for “magic-setting” that do not exit, nor for “kaleidoscopic effects” cause I’m a big fan of such a minimalistic yet profession layouts.
FOLLOW UP TO CHECK UPDATES!
Bollinger Oscillator Extreme + ADXSHORT DESCRIPTION
This study is an improved, flexible, fully-customizable version of the one proposed by Steve Karnish of Cedar Creek Trading, who aimed to create an oscillator based on Bollinger Bands , with the goal of spotting divergencies that occurs outside the bands yet providing valuable entries on the crossings trough a smoothed signal.
IMPROVINGS
Made a Zero Line normalization, where 0 is essentially the BBs basis MA, whereas +100 -100 represents those classic 2 Stdev;
Added two levels of interest based on golden ratio working with the two above to get such an Overbought/Oversold Area. Those levels slightly move apart from a 1.5 Stev.
Made possible to set EMA as basis average instead John’s classic SMA ;
While I kept the original “CCT Oscillator” as a reliable divergence-hunter, I get from it the “Smoothed Oscillator” with a triple average smoothing. You can only play with the first smoothing step by “Oscillator Smoothing” while following are fixed.
Despite little differences occurs, you can consider the Smoothed Oscillator itself as the Signal on the original CCT Oscillator.
Derived the “Signal” that works on the Smoothed Oscillator. You can play with different smoothing length.
Add a customizable ADX which helps weighting trend strength, weakness, choppiness . (mirrored on the Zero Line for aesthetics only)
Add a “BB Width” representation so as you can stay in touch with BB volatility , squeezes, and so on. It is a non-analitic data (not 100 normalized). Use “BBW Multiplier” to match visual reading.
HOW TO USE (NOT TO USE)
The indicator works well when strong directional moves occurs and even better in a sideways market (wide trading range). So there are three main evaluable application:
During an Up-trend, spotting negative divergencies on CCT Oscillator in the Oversold Area (better above +100) tell us that a correction or a reversal will probably occur. It’s time to consider a stop profit or look for a good re-entry after the pull-back.
During a Down-trend, spotting positive divergencies on CCT Oscillator in the Overbought Area (better below -100) tell us that a correction or a reversal will probably occur. It’s time to consider a stop profit or look for a good re-entry after the pull-back.
In a Sideway Market, look for both positive and negative divergencies on CCT Oscillator in the Oversold/Overbought Areas, trading in the range, better with the confirmation from such a Stochastic and a Volume based indicator.
>>> If you're not a pro you would better left counter-trend and mean-reversal setups to “trading titans”. <<<
“OK! And what about signals!?” you tell. :D There are many ways to get signals from crossings and it’s up to you to find what work better to you needs. You can start testing the original Steve Karnish method, using the “CCT Oscillator”/“Smoothed Oscillator” crossings (a 9 period smoothing on a 20 period BB could be a reasonable begining).
Whipsaws makes it difficult? Give a try to “Smoothed Oscillator”/“Signal” crossings. Observe how the price act when “Smoothed Oscillator” penetrate Overbought Area from above or Oversold Area from below after a divergence took place.
Test a lot BB Length-Signal Smoothing combos.
Test with EMA instead using John’s SMA .
Never forget the divergencies’ reliability is time-correlated yet timeframe-correlated too (the longer the better!).
Never forget that the Zero Line (as the basis of BBs) tends to act as resistance/support.
I do the best I can to realize such a flexible tool. Now is up to you to find what better suit your needs.
MEDTRONIC Daily
MORE SUGGESTIONS
This script won’t be an out of the box stategy as no other indicator by itself, tough if you tell it could become a piece of the puzzle.
So that his is basically a price-based indicator you would better consider to pair it with a volume-based or an absolute-momentum based one .
Most important is you first focus on the market in order to detect strong uptrend/downtrend or sideways, better using a supertrend, moving averages (or whatever works better for you) paired with a momentum indicator .
As literatures explains Bollinger Bands (such many others indicators) do their best in ranging markets, yet this version could be as useful when a strong directional move takes place.
THIS WORK TAKES HOURS OF RESEARCH, DEVELOPMENT, TESTING…
SHARING IS INTENDED FOR EDUCATIONAL PURPOSE ONLY. NOT FOR PROFESSIONAL USE.
WILL APPRECIATE ANY FEEDBACK, QUESTION, SUGGESTION! (*)
(*) Please don’t ask me for “magic settings” which do not exist at all, nor for “kaleidoscopic effects” cause I’m a big fan of such a minimalistic yet professional layouts.
FOLLOWUP TO CHECK UPDATES!
Baus BandsThe Baus Bands are a simplified version of another one of my trend following indicators, the Neapolitan Bands. This version only shows the trend trading zones in green and red. An additional 21 EMA with an ATR band was added as part of my own trend trading rules using these bands.
How do I read this indicator?
Is the blue band between and not touching the green or red clouds? The condition is ranging.
Is the blue band touching the green cloud? The condition is a bullish trend.
Is the blue band touching the red cloud? The condition is a bearish trend.
The trend trading rules are exactly the same as the default Neapolitans, but include an extra condition.
A trend has started once 2 conditions are met:
Price has entered either trending cloud.
The 21 EMA ATR band in blue is within the same cloud.
With those conditions met, if you expect the trend to continue, trade pull-backs to the blue band in the direction of the trending cloud.
Isn't this just a 21 EMA trading pull-backs strategy?
No. The 21 EMA alone is not sufficient in my opinion to define a range or trend technically. Always buying the 21 EMA pull-back, especially in a range, is not a great strategy by itself unless you've already identified price as trending. Baus Bands adds that trend identification.
Why make this?
Baus Bands show the conditions I personally use for catching trends and identifying ranges with these indicators, and shows only the information I use.
What's the purpose of the ATR band around the 21 EMA?
Sometimes price will open and close below the 21 EMA and cause some technical analysts will say the trend is over. I added the ATR specifically to get a volatility based, upper and lower bound range around the 21 EMA. that way I have an acceptable price range where price could move past the 21 EMA and still keep a trend valid using similar rules. I then saw that so long this ATR band (not the 21 EMA itself) was touching those trending clouds, then the trend has a good chance of continuing as long as that was true.
(FireflyTA) Adaptive RangeThe "Adaptive Range" tool consists of 3 modules that allow simple and advanced range S&R, trend and volatility analysis.
S&R Bands
Are similar to Bollinger Bands but calculated differently. They are more adaptive than traditional Bollinger Bands and take in more data to calculate more reliable S&R.
Center of Gravity
The COG is a 3-dimensional entity and a powerful target of short-term mean reversion. In contrast to a simple moving average for example, this indicator takes in multiple timeframes and multiple volatility metrics (stdev) besides the usual time dimension (length). Whenever price gaining a distance to the COG, expect a move back to it when it is showing weakness at significant S&R.
Adaptive SuperRange
The SuperRange is based on the COG and shows an outlier area which has a strong probability of rejecting price, catapulting it back to the COG. It is unaffected by the timeframe used and can only be customized by adjusting the length and stdev values.
Roc & Atr
Roc & Atr Orders
My indicator, where I compare the 20 bar change percentage with the 14 bar atr band, I hope it will be useful to everyone. the green zones can be interpreted as BUY and the red zone as SELL zone. In graphs with high motion and low atr, the channel narrowing can be interpreted as BUY and the channel opening as SELL.
No indicator shows you the right way ... The best way is your own thoughts
Alert// Short+long: SAR+HMA+Bollinger+support/resistanceHello, dear friends.
This script can be used for various strategies. Whether it's a scalp like now or more positional purchases. To determine the minimum and maximum, SAR ,resistance points, support points+HMA+ Bollinger channel are used. The entry occurs when the SAR intersects with the HMA , if it is above or below the support/ resistance levels.
In the settings there is a "back" how many bars to use back to search for these conditions.Also the standard setting is SAR+ multiplier.
The strategy based on these alerts is the same, but the conditions stipulate that the entry into the deal does not occur (while you are in the deal) if the purchase is more expensive than the previous one.
Bollinger Bands Width DonchianThis script was written for release to my followers in tandem with a video idea on how to use it.
The script draws a line on a lower chart to display the Bollinger Bands Width. The default bars counted for this is 20.
The script then draws and upper and lower Donchian line that moves with the highest high and lowest low of Bollinger Bands Width. The default value of this Donchian is 200. When the Bollinger Bands Width line makes a new Donchian low it highlights the bars for visual recognition.
I have also added alert functionality that can be set to alert when a new low is made.
Overlay Indicators (EMAs, SMAs, Ichimoku & Bollinger Bands)This is a combination of popular overlay indicators that are used for dynamic support and resistance, trade targets and trend strength.
Included are:
-> 6 Exponential Moving Averages
-> 6 Simple Moving Averages
-> Ichimoku Cloud
-> Bollinger Bands
-> There is also a weekend background marker ideal for cryptocurrency trading
Using all these indicators in conjunction with each other provide great confluence and confidence in trades and price targets.
An explanation of each indicator is listed below.
What Is an Exponential Moving Average (EMA)?
"An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average (SMA), which applies an equal weight to all observations in the period.
What Does the Exponential Moving Average Tell You?
The 12- and 26-day exponential moving averages (EMAs) are often the most quoted and analyzed short-term averages. The 12- and 26-day are used to create indicators like the moving average convergence divergence (MACD) and the percentage price oscillator (PPO). In general, the 50- and 200-day EMAs are used as indicators for long-term trends. When a stock price crosses its 200-day moving average, it is a technical signal that a reversal has occurred.
Traders who employ technical analysis find moving averages very useful and insightful when applied correctly. However, they also realize that these signals can create havoc when used improperly or misinterpreted. All the moving averages commonly used in technical analysis are, by their very nature, lagging indicators."
Source: www.investopedia.com
Popular EMA lookback periods include fibonacci numbers and round numbers such as the 100 or 200. The default values of the EMAs in this indicator are the most widely used, specifically for cryptocurrency but they also work very well with traditional.
EMAs are normally used in conjunction with Simple Moving Averages.
" What Is Simple Moving Average (SMA)?
A simple moving average (SMA) calculates the average of a selected range of prices, usually closing prices, by the number of periods in that range.
Simple Moving Average vs. Exponential Moving Average
The major difference between an exponential moving average (EMA) and a simple moving average is the sensitivity each one shows to changes in the data used in its calculation. More specifically, the EMA gives a higher weighting to recent prices, while the SMA assigns an equal weighting to all values."
Source: www.investopedia.com
In this indicator, I've included 6 popular moving averages that are commonly used. Most traders will find specific settings for their own personal trading style.
Along with the EMA and SMA, another indicator that is good for finding confluence between these two is the Ichimoku Cloud.
" What is the Ichimoku Cloud?
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on the chart. It also uses these figures to compute a "cloud" which attempts to forecast where the price may find support or resistance in the future.
The Ichimoku cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s.1 It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals."
More info can be seen here: www.investopedia.com
I have changed the default settings on the Ichimoku to suit cryptocurrency trading (as cryptocurrency is usually fast and thus require slightly longer lookbacks) to 20 60 120 30.
Along with the Ichimoku, I like to use Bollinger Bands to not only find confluence for support and resistance but for price discovery targets and trend strength.
" What Is a Bollinger Band®?
A Bollinger Band® is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of a security's price, but which can be adjusted to user preferences.
Bollinger Bands® were developed and copyrighted by famous technical trader John Bollinger, designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold or overbought."
This article goes into great detail of the complexities of using the Bollinger band and how to use it.
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This indicator combines all these powerful indicators into one so that it is easier to input different settings, turn specific tools on or off and can be easily customised.
DK BandsThis Bands are formed based on Bollinger Bands. The middle line shows moving average and remaining upper and lower bands are like zones wheh this this band is narrow then price consolidation stage similarly this band are expand then market will trending
SMA&BOLL脚本用来将sma和布林带统一呈现, 方便及时捕捉价格的走势与波动区间. 只要简单地修改SMA的两条线, 布林带的中间线同时作为SMA的第三条长周期参考线也作为布林带的基础计算曲线, 一线双用节省资源.
The script is used to present the sma and Bollinger bands in a unified manner, which is convenient to capture the price trend and fluctuation range in time. Just simply modify the two lines of the SMA, and the middle line of the Bollinger bands serves as the third long-period reference line of the SMA and also serves as the Bollinger bands The basic calculation curve, one-line dual-use saves resources.
