CryptoAssets

Atlas Mini - Blai5

46
Atlas Mini - Indicator created by Blai5: Calculated mathematically significant narrowings of bollinger bands.

Prelude to sudden UPWARD or DOWNWARD movements.

Ps- It loads the devil...hehe ;)

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

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Want to use this script on a chart?
study(title="Atlas Mini")
source = close
length = input(20, minval=1), mult = input(2.0, minval=0.001, maxval=50)
basis = sma(source, length)
dev = mult * stdev(source, length)
upper = basis + dev
lower = basis - dev
dbb = sqrt(upper - lower)/upper * 20
dbbmed = ema(dbb , 120)
factor = dbbmed * 4/5
atl = dbb - factor
al1 = iff(atl > 0, 0,atl)
plot(al1, style=columns, color=blue)