This shows centered on a horizontal basis, to make it easier to see how is changing and identify squeeze opportunities. By default are calculated using an and an improved higher precision stdev implementation, but this can be disabled. Version 2 also shows as a white histogram, so you can see some information to help confirm the power of the bears/bulls. The green/red shadow shows how the Bollinger's basis is changing, and when it is going up there will be a green shadow underneath the basis line (this can be inverted in the settings). There is also price line (yellow) showing the location of the price within the .
Use this indicator for trades at your own risk, I made this for fun and it is not a trade recommendation.
That being said, if you like my work please tip me!
Please comment with feedback and requests!
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.