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OPEN-SOURCE SCRIPT

Better Bollinger Bands

By TheBacktestGuy
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
Bollinger Bands (BB)meandeviationStandard Deviation

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.

Want to use this script on a chart?

TheBacktestGuy

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.