Bollinger Bands, with incremented additional outer bands.
Set as you would normally, but with the addition of an incremental value for the added outer bands.
Defaults with Length 20, base multiplier of 2.0, and an Increment value of 0.5 for additional outer bands at 2.5 and 3.0. Adjust values to suite your needs.
All lines and zones have colour and formatting...
I coded this simple indicator based on multiple ideas shared by Tim West at his "Key Hidden Levels" chatroom.
We have a moving average ribbon comprised of the average of the highs and lows in 10 periods. The colored space in between acts more or less like fair value and is often where price is when consolidating.
Green and red triangles at the top and bottom...
This Simple Script display higher time frame Bollinger Band on current resolution . Etc : On 1 Minutes chart BB Band is 5 Minutes Band. I use this code on my pc for scalping...Hope You like the idea
EXPERIMENTAL: using multiple length bollinger bands to create a better reading of ?price/range? strength?.
• calculates 2 candle plots for upper and lower bands, were the high and low are the extremes of the bands,
open is the previous close of the band and close is the extreme midline.
The script combines 3 single Bollinger bands into one script for easy plotting and range modification. It can be used for analyzing a market with multiple time frames and ranges using Fibonacci series as the range.
BB %B : Madrid : 06/JUN/2014 23:36 : 2.0
This displays the distance from the lower band in terms of percentage. The farther it is from the basis line, the stronger the trend.
When the price exceeds 100% or it's below 0% it means the price has reached an overbought (above 100) or oversold (below 0) level.
This study tracks where the 5MA is relative to the Bollinger Bands
Bollinger Bands are segmented in four parts, +/- 2 stdDev and +/- 1 stdDev
+/- 1 : first StdDev Band
+/- 4 : Second StdDev Band
+/- 9 : Overbought / Oversold (Beyond 2nd SD Band)
This study is used to reduce the clutter on the screen. Instead of displaying the whole band, it displays a map that...
This displays a background color according to the position of the closing price on the Standard Deviation band
Blue for upper bands, Orange for lower bands
Bold color for oversold/overbought conditions
This study can be used as a standalone bar or it can be merged with other indicators or used as a chart background. The parameters it requires are simple, the...
This displays the traditional Bollinger Bands, the difference is that the 1st and 2nd StdDev are outlined with two colors and two different levels, one for each Standard Deviation.
The basis line is colored depending on the direction of the moving average.
These Bollinger Bands are exponential because the variance is calculated using the exponential moving average, rather than just adding the normal standard deviation to the ema. This may be more useful because the exponential standard deviation should be more sensitive to near term increases or decreases in volatility.
Please do not forget that Bollinger Bands...
Here is the 2nd version of CapnsBandsV2 for Mateys... Remind you this a trend indicator NOT a BUY and SELL. Its up to you how you read it. Defaults for Smaller TF like 15Mnts. Enjoy it. :)
Anyone remember the "Frogger" game where a frog must pass a river ?
This strategy is like a game.
Immagine you that the cyan lines are a River, any time the price can cross up or down this river, you must buy or sell only when the bar are dry..
BUY at highest price of the first bar that is completely dry over the river
SELL at the lowest price of the first...
Here's my version of the MACD _BB . This is a great indicator to capture short term trends.
yellow candles = long
aqua candles = short
This indicator can be much better. I will work on it and publish an improved version (hopefully) soon. In the mean time , go ahead and play around with the code, and please share your findings :)
Cheers
Algo
![EURUSD: [JR] Multi Bollinger Heat Bands](https://s3.tradingview.com/q/q6o6T1rB_mid.png "[JR] Multi Bollinger Heat Bands")
![USDRUB: [RS]Multiple Bollinger Bands Candles V0](https://s3.tradingview.com/p/PkzRstcq_mid.png "[RS]Multiple Bollinger Bands Candles V0")
