I found myself using multiple bollinger bands a lot so I decided to add them all to one script and add the ability to adjust them by 0.2. It has helped me by not taking up as much space in the upper left corner as well as improving my in's and outs of trend continuation trades. If you manage to find a double top at +2 or greater deviation, and with a bearish...
This is the 3rd version of Kay_BBands. When +DI (Directional Index ) is above -DI , then Upper band will be visible and vice-versa. This is when the ADX is above the threshold. 28 is the default in this version. I found its more appealing in 5M time frame. BLUE - ADX under 10 GREEN - Uptrend, ADX over 10 RED - Downtrend, ADX over 10 Use it with another band...
This is the second version of Kay_BBands. But this is infused with ADX. When +DI (Directional Index) is above -DI, then Upper band will be visible and vice-versa. This is when the ADX is above the threshold. 20 is the default but can be set to 25. When the ADX is below the specified threshold, both bands gets visible, showing no trending conditions. Use it with...
All right people... !! Here is one more crazy stupid experiment by me while boosing. I call it..... Well Bollinger Bands for now.. If you like it and find it useful, give me suggestions, we can name it. Its was just an idea of removing unnecessary opposite bands (noise i say) and it turned out to be useful to me. After finishing, I saw good locations of ...
V2 with Bollinger Bands Planning to make an STO/KCO hybrid and a model strategy for an all-in-one indicator.
I don't expect to iterate any further on this script, unless any weird issue crops up. Description and usage detailed in the comments at the top of the script. Cheers! To repaint or not to repaint, all the relevant sources are exposed as inputs for customisation - so the choice is yours. Cheers!
A little, yet hopefully useful update over my previous "Multi Bollinger Heat Bands". For those who like quick visual cue's. In short: It's your Basic Bollinger Bands, but 3 of them, and some pointy things. In full: Three stacked SMA based Bollinger Bands designed just to give you a quick visual on the "heat" of movement. Set inner band as you would expect,...
Bollinger Bands, with incremented additional outer bands. Set as you would normally, but with the addition of an incremental value for the added outer bands. Defaults with Length 20, base multiplier of 2.0, and an Increment value of 0.5 for additional outer bands at 2.5 and 3.0. Adjust values to suite your needs. All lines and zones have colour and formatting...
I coded this simple indicator based on multiple ideas shared by Tim West at his "Key Hidden Levels" chatroom. We have a moving average ribbon comprised of the average of the highs and lows in 10 periods. The colored space in between acts more or less like fair value and is often where price is when consolidating. Green and red triangles at the top and bottom...
This Simple Script display higher time frame Bollinger Band on current resolution . Etc : On 1 Minutes chart BB Band is 5 Minutes Band. I use this code on my pc for scalping...Hope You like the idea
This script simply colors the background when price hits or exceeds the bollinger bands. Just a nice visual cue.
Combined 3 x Bollinger Bands With BUY & SELL zones EMA, Wma SMA Multiplier adjustment
EXPERIMENTAL: using multiple length bollinger bands to create a better reading of ?price/range? strength?. • calculates 2 candle plots for upper and lower bands, were the high and low are the extremes of the bands, open is the previous close of the band and close is the extreme midline.
The script combines 3 single Bollinger bands into one script for easy plotting and range modification. It can be used for analyzing a market with multiple time frames and ranges using Fibonacci series as the range.
The contractions and expansions of the bands are represented by two different colors
BB %B : Madrid : 06/JUN/2014 23:36 : 2.0 This displays the distance from the lower band in terms of percentage. The farther it is from the basis line, the stronger the trend. When the price exceeds 100% or it's below 0% it means the price has reached an overbought (above 100) or oversold (below 0) level.
This study tracks where the 5MA is relative to the Bollinger Bands Bollinger Bands are segmented in four parts, +/- 2 stdDev and +/- 1 stdDev +/- 1 : first StdDev Band +/- 4 : Second StdDev Band +/- 9 : Overbought / Oversold (Beyond 2nd SD Band) This study is used to reduce the clutter on the screen. Instead of displaying the whole band, it displays a map that...