Bollinger bands are calculated from a moving average, creating two curves that involve the price chart, these bands are defined by a standard deviation generally of value 2 with respect to the moving average.

Applications:

- They show the volatility of the market, when the bands are compressed, the volatility decreases, when the bands extend, the volatility increases.

- Trend, with respect to the moving average according to the location of the price corresponding to the positive or negative standard deviation.

Extra functions in this indicator:

- You can use several types of moving averages for the calculation: SMA , EMA , DEMA , TEMA , WMA , VWMA , HullMA, TMA, SMMA , SSMA, etc.

- Background: Shows the zone equivalent to a standard deviation of 1 and 2 with different color.

- Log chart: It can be used on logarithmic price scales, to avoid distortions in those charts.

- Multimeframe: so you can visualize the behavior in different timeframes without changing timeframe.

- Interpolation: Round the curves when viewing larger timeframes.


Multitimeframe example: 1D, select timeframe to Bollinger bands 1W and log chart


Same chart with interpolation

Release Notes: V 2.0
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