Here is my take on BB and MTF, based on the most excellent work of "PineCoders" (MTF Selection Framework functions)!
The big advantage is that on 1 image you can easily see where price is compared to 5 or less BB Bands (each of different Time Frames). This gives a lot of Support and Resistance area's!
Includes: - 1 Bollinger Bands (can be enabled/disabled - "Bollinger Bands" - 4 Bollinger Bands (each can be enabled/disabled - "HTF Selection 1-4")
Each BB has its colour (can be changed)
- Labels (Timeframe and price) can be enabled/disabled - Labels position and size can be changed ...
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Streamlined updated version by "PineCoders", thank you very much "PineCoders"!
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- Added 2 more Time Frames
- Since the bands are often distracting, I also added a button to enable/disable them at once (so you don't have to disable every single band)
> disable "Show BB bands"
> enable "Show BB bands"
It is also possible just to show the colour fill between bands
It's nice to see our code being put to good use. Nice concept!
There is, however, no need to duplicate the framework's functions when you need to use them with different arguments. This is a streamlined version of your script that shaves ~200 lines off. Would be a better example of how to use our MTF Framework: pastebin.com/nPzaFQxy Feel free to use it to update your script. Regards,
fikira
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@PineCoders, But of course!
I see! Thank you so much! Have updated this script,
will change the MTF MA/EMA's as well in the course of the next few days, thanks!
PineCoders
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@fikira, Great. Feel free to ping us if you have questions. Regards,