OPEN-SOURCE SCRIPT
Better Bollinger Bands
Updated
It is a highly configurable Bollinger Bands implementation.
- You can choose different moving averages: EMA, SMA, WMA, VWMA, RMA (Wilder's EMA), ZLEMA, HMA (Hull MA), ALMA
- Select between standard or mean deviation
- You can use "High" or "Low" for upper and lower bands, which makes them much better for dynamic support-resistance
- You can shift (offset) right the bands to use it as support and resistance in the future
Release Notes
- Updated to PineScript v5- Fixed deviation selection
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 publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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