PROTECTED SOURCE SCRIPT
已更新 Bollinger Band Cloud
This script shows a cloud of Bollinger bands of various period lengths surrounding price action.
The bands can be set to 1.25, 2.25 or 3.25 standard deviations.
Functionally, where bands start to converge, especially using 1.25sd, indicates fairly reliable support/resistance. If price action breaks through, price may start trending.
There is also an option to flag price action that breaks through 3.2sd for periods lengths greater than 14. When this happens, watch for a possible stall or reversal.
This concept is merely standing on the shoulders of acatwithcharts and DadShark, and I highly recommend using this alongside their indicators. Do yourself a big favor and get to know their work on Advanced Volatility Theory.
The bands can be set to 1.25, 2.25 or 3.25 standard deviations.
Functionally, where bands start to converge, especially using 1.25sd, indicates fairly reliable support/resistance. If price action breaks through, price may start trending.
There is also an option to flag price action that breaks through 3.2sd for periods lengths greater than 14. When this happens, watch for a possible stall or reversal.
This concept is merely standing on the shoulders of acatwithcharts and DadShark, and I highly recommend using this alongside their indicators. Do yourself a big favor and get to know their work on Advanced Volatility Theory.
發行說明
Fixed the overlay problem.Added wavePM color coding for each of the bands.
Added a transparency setting to adjust visibility to your chart.
發行說明
Simplified the output. Removed the 3.2sd flags to free up additional plot availability.
Added a switch for low range (1-100periods and 100-900periods). Intent is that you can stack this indicator to see 100-900 bands at once.
Note that the band periods don't follow a regular interval but are calculated using an algorithm to widen as they get larger (period + period / base). Base used is 7.
Enjoy!
受保護腳本
此腳本以閉源形式發佈。 However, you can use it freely and without any limitations – learn more here.
免責聲明
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.
受保護腳本
此腳本以閉源形式發佈。 However, you can use it freely and without any limitations – learn more here.
免責聲明
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.