OPEN-SOURCE SCRIPT
stelaraX - Bollinger Bands
stelaraX – Bollinger Bands
stelaraX – Bollinger Bands is a classic volatility-based indicator designed to visualize price dispersion around a moving average. The script plots the Bollinger Bands directly on the chart, allowing traders to assess volatility, potential mean reversion zones, and dynamic support and resistance levels.
For advanced AI-based chart analysis and automated volatility interpretation, visit stelarax.com
Core logic
The indicator calculates Bollinger Bands using three core components:
* a simple moving average as the basis line
* an upper band calculated by adding a multiple of standard deviation
* a lower band calculated by subtracting a multiple of standard deviation
The period length and standard deviation multiplier are fully configurable, allowing adaptation to different markets and timeframes.
Visualization
The script plots:
* the basis moving average line
* the upper Bollinger Band
* the lower Bollinger Band
The area between the upper and lower bands can be filled with a semi-transparent color to clearly highlight the active volatility range. All colors are customizable for optimal chart integration.
Use case
This indicator is intended for:
* volatility analysis and expansion or contraction detection
* identifying overextended price conditions
* mean reversion and breakout strategies
* dynamic support and resistance analysis
* multi-timeframe volatility assessment
For a fully automated AI-driven chart analysis solution, additional tools and insights are available at stelarax.com
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
stelaraX – Bollinger Bands is a classic volatility-based indicator designed to visualize price dispersion around a moving average. The script plots the Bollinger Bands directly on the chart, allowing traders to assess volatility, potential mean reversion zones, and dynamic support and resistance levels.
For advanced AI-based chart analysis and automated volatility interpretation, visit stelarax.com
Core logic
The indicator calculates Bollinger Bands using three core components:
* a simple moving average as the basis line
* an upper band calculated by adding a multiple of standard deviation
* a lower band calculated by subtracting a multiple of standard deviation
The period length and standard deviation multiplier are fully configurable, allowing adaptation to different markets and timeframes.
Visualization
The script plots:
* the basis moving average line
* the upper Bollinger Band
* the lower Bollinger Band
The area between the upper and lower bands can be filled with a semi-transparent color to clearly highlight the active volatility range. All colors are customizable for optimal chart integration.
Use case
This indicator is intended for:
* volatility analysis and expansion or contraction detection
* identifying overextended price conditions
* mean reversion and breakout strategies
* dynamic support and resistance analysis
* multi-timeframe volatility assessment
For a fully automated AI-driven chart analysis solution, additional tools and insights are available at stelarax.com
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
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.