OPEN-SOURCE SCRIPT
Updated double Bollinger Bands
The Double Bollinger Band consists of an average and two Bollingers and two backgrounds, each of which has separate settings and can be approved more strongly for trades. Moves and vice versa. With the price chart coming out of the second band, the price is much more likely to move in the same direction.
To use this feature, we had to use two Bollinger indicators with different settings at the same time, but we no longer need to do this with the Double Bollinger.
Its main use is crypto, but it can be used in all markets
To use this feature, we had to use two Bollinger indicators with different settings at the same time, but we no longer need to do this with the Double Bollinger.
Its main use is crypto, but it can be used in all markets
Release Notes
The name of this indicator was changed from Double Bollinger Band to Two BollingersOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.