djmad

[Mad] Triple Bollinger Bands MTF

djmad Updated   
These are classic triple Bollinger bands with different multipliers
You can change the time frame plotted,
for example, you can show a 1-hour chart, but plot 6-hour Bollinger.

Since I haven't found any other OpenSource variant that can plot the 3 bands in a different time frame, here is my script for you

en.wikipedia.org/wiki/Bollinger_Bands


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additional you can see in this script, how to move data around with arrays instead of multiple variables.
This way you can cut down security calls to a minimum. (look at the transfer- and bollarray)
Release Notes:
added Labels
Release Notes:
did update alarms (simplebool, multibit, alarms to select)
Release Notes:
libary update
Release Notes:
patching a weird behavior when selecting big custom timeframes, like 1 month on a 8h chart
Release Notes:
the background transparency is now changeable via parameter
Release Notes:
selectable shifting of lines and text into the future
removed limitation of labeldrawing on fixed % from close
minor settings cleanup (groupings)
code cleanup
Release Notes:
added relative bollinger band width, based on lookback time
added automatic decimals for lowvalue assets
added selectable moving average to build the bands
Release Notes:
color transparency for lines fixed
Release Notes:
some fun with the colors ;-)


to activate there is now a button "Dynamic colors"
Colors of the phases are configurable
Transparency for background moved to a global color group, also modifies the dynamic background
Release Notes:
Bugfix:
ticksize 1 is now possible without an errormessage

Feature:
2 more bands (4 + 5, default off)
Release Notes:
Typo... sry for doublepost
Release Notes:
Patch ...
timeseries error on htf when ticker begin was reached
thanks Andreas for the find
Release Notes:
limited Digits autoselect in labels (happening with very high digitscount on shitcoins like NEXA)

Trader & coder. TA & NFTs.
bitblockwizard.com more at bitblockart.com
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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