[BB Traffic Light] 2BB + 3MA — Indicator by sndwav

This script uses 2 implementations of Bollinger Bands (defaults = std dev 2 & 3).
I prefer this type of setup when following the Crypto market.

In addition,
The script also adds 3 Moving Averages (defaults = Green(10), Orange(20), Red(40)) to check for crosses.

Enjoy!

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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