PROTECTED SOURCE SCRIPT
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).
----------------------------------------------------------------------
🇪🇸 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.
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).
----------------------------------------------------------------------
🇪🇸 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.