PROTECTED SOURCE SCRIPT
Updated Bollinger Bands [Anan]
Hello friends,,
This is my own enhanced version of Bollinger Bands based on some backtesting,,
It's the same logic behind standard BB but instead of using length(period), I created a formula and used a "factor" to scale it up/down.
The formula is just average of averages of averages... (But it's backtested with good results)
I also added two standard deviations so that the distance between them will be the (over-bought/over-sold zones)
And finally added a squeeze indicator to identify the predicted price action movements..
You have the options to control everything like:
-Timeframe
-Source
-Calculation Method
-Length Factor
-StdDev#1
-StdDev#2
-Squeeze Factor
-Squeeze Threshold
This is my own enhanced version of Bollinger Bands based on some backtesting,,
It's the same logic behind standard BB but instead of using length(period), I created a formula and used a "factor" to scale it up/down.
The formula is just average of averages of averages... (But it's backtested with good results)
I also added two standard deviations so that the distance between them will be the (over-bought/over-sold zones)
And finally added a squeeze indicator to identify the predicted price action movements..
You have the options to control everything like:
-Timeframe
-Source
-Calculation Method
-Length Factor
-StdDev#1
-StdDev#2
-Squeeze Factor
-Squeeze Threshold
Release Notes
Add option to for Price calcultions: ["Standard", "Logarithmic"]Release Notes
Add option to for Price calcultions to support log scale: (Standard or Logarithmic)Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.