dman103

Bollinger Bands combined with Telson T8

Indicator idea based on classic Bollinger bands and Telson T8 moving average.
The indicator detects Bollinger bands narrowing which should predict a move to a direction.

NOTE: You need to define in the indicator settings (Narrow percentage) the percentage between the upper and lower bands that would be highlighted.
For example: if you set 5%, the indicator will highlight the parts that the upper and lower bands are less than 5% compare the current price (usually close price, but you can define otherwise)

Use the Telson T8 to determinate the trend/direction of the move.

Appreciation of my work: https://paypal.me/dman103

Premium Pivot Points Algo Indicator: https://www.tradingview.com/script/LFBaHNuA-Pivot-Points-Algo/
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