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Bollinger Band Oscillator v2 (Different between lower and upper)
📌 Description
Bollinger Band Width Oscillator with MACD-style Histogram
This indicator visualizes the Bollinger Band Width as a slope-colored line and adds a MACD-style histogram to highlight momentum shifts in volatility.
Features
BB Width Line: Measures the distance between the upper and lower Bollinger Bands. The line changes color based on slope:
• Green → expanding width
• Red → contracting width
Signal Line: A moving average of the BB Width for smoother analysis.
MACD-style Histogram: Plots the difference between the BB Width and the Signal line with 4 distinct colors:
• Above 0 & rising → #26A69A
• Above 0 & falling → #B2DFDB
• Below 0 & falling → #FF5252
• Below 0 & rising → #FFCDD2
How to Use
Identify squeeze phases (low width) which often precede strong breakouts.
Use the histogram like MACD momentum to see whether volatility expansion is accelerating or fading.
Combine with trend or price action signals for confirmation and better timing.
Bollinger Band Width Oscillator with MACD-style Histogram
This indicator visualizes the Bollinger Band Width as a slope-colored line and adds a MACD-style histogram to highlight momentum shifts in volatility.
Features
BB Width Line: Measures the distance between the upper and lower Bollinger Bands. The line changes color based on slope:
• Green → expanding width
• Red → contracting width
Signal Line: A moving average of the BB Width for smoother analysis.
MACD-style Histogram: Plots the difference between the BB Width and the Signal line with 4 distinct colors:
• Above 0 & rising → #26A69A
• Above 0 & falling → #B2DFDB
• Below 0 & falling → #FF5252
• Below 0 & rising → #FFCDD2
How to Use
Identify squeeze phases (low width) which often precede strong breakouts.
Use the histogram like MACD momentum to see whether volatility expansion is accelerating or fading.
Combine with trend or price action signals for confirmation and better timing.
開源腳本
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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。
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。