OPEN-SOURCE SCRIPT
Multi Basis Bollinger Bands Pro
Multi Basis Bollinger Bands Pro is a volatility and trend-focused indicator using multiple Bollinger Bands with customizable moving average types (SMA, EMA, WMA) and sources.
Trend bias is determined by the SMA 20 on higher timeframes (H1, H4, Daily).
High-source bands (BB1 & BB2) are used for BUY signals when price touches their lower gap.
Low-source bands (BB3 & BB4) are used for SELL signals when price touches their upper gap.
Both upper and lower band gaps are highlighted with configurable green/red fills for clear visual zones.
Includes a standard Bollinger Band reference for context.
This strategy helps traders align entries with higher timeframe trends, filter trades, and visually spot volatility extremes and breakout zones.
Trend bias is determined by the SMA 20 on higher timeframes (H1, H4, Daily).
High-source bands (BB1 & BB2) are used for BUY signals when price touches their lower gap.
Low-source bands (BB3 & BB4) are used for SELL signals when price touches their upper gap.
Both upper and lower band gaps are highlighted with configurable green/red fills for clear visual zones.
Includes a standard Bollinger Band reference for context.
This strategy helps traders align entries with higher timeframe trends, filter trades, and visually spot volatility extremes and breakout zones.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.