OPEN-SOURCE SCRIPT
Walking The Bands
Inspired by Chapter 14 "Walking The Bands" from "Bollinger on Bollinger Bands". Options to track either consecutive tags of the upper/lower bands, or crosses outside the bands.
When looking at periods when the price "walks the bands", John Bollinger recommends Intraday Intensity and/or Accumulation Distribution for confirmation of trend continuation or signs of reversal.
This indicator isn't designed for buy/sell signals alone but is quite versatile in the insights it can give when matched with other indicators.
When looking at periods when the price "walks the bands", John Bollinger recommends Intraday Intensity and/or Accumulation Distribution for confirmation of trend continuation or signs of reversal.
This indicator isn't designed for buy/sell signals alone but is quite versatile in the insights it can give when matched with other indicators.
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.
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.