Madrid Bollinger Bands Width

The contractions and expansions of the bands are represented by two different colors

Release Notes:

This is an updated version of the Bollinger Bands Width Script, recompiled for Pinescript v. 3 and with an adjusted formula to normalize the output to percentage.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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