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BB phases

This indicator is designed to visually represent different market phases based on Bollinger Bands (BB) and provide insights into potential bullish and bearish signals. Let's break down what the indicator does:
The indicator smoothly transitions from the "squeeze" phase to "bullish" or "bearish" phases based on specific price conditions. Here's a more detailed explanation of how this transition occurs:
Another feature of the indicator is to display bearish/bullish triangles when the price reintegrate the bollinger bands after it previously breaked it. For example if the price closes below the lower BB and then the next candle in above the lower BB, a bullish triangle will be displayed.
The indicator smoothly transitions from the "squeeze" phase to "bullish" or "bearish" phases based on specific price conditions. Here's a more detailed explanation of how this transition occurs:
- Squeeze Phase: The "squeeze" phase is identified when the closing price is within the range between the upper Bollinger Band (upper BB) and the lower Bollinger Band (lower BB).
- Transition to Bullish Phase: The transition from "squeeze" to "bullish" phase occurs when the price closes above the upper BB. The bullish phase will last while the price hasn't closed below the middle BB.
- Transition to Bearish Phase: Conversely, the transition from "squeeze" to "bearish" phase occurs when the price closes below the lower BB. The bearish phase will last while the price hasn't closed above the middle BB.
Another feature of the indicator is to display bearish/bullish triangles when the price reintegrate the bollinger bands after it previously breaked it. For example if the price closes below the lower BB and then the next candle in above the lower BB, a bullish triangle will be displayed.
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開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。