PROTECTED SOURCE SCRIPT
Updated anas Bollinger Bands high low
normal bb use normally close in its calculation not considering high and low , and the channel is based on 2 std div , with will present 93% of the close reading with in the band .
my new design will calculate the upper band based on high values , and the lower band based on low values , and the center line on close values
, and 1,65 std will represent 90 % of all reading (high , low , close ) to fall with in the band .
up trend will be considered if close price exceeded the top band lower values (within or outside the band )
down trend will be considered if close price exceeded the lower band higher values (within or outside the band )
my new design will calculate the upper band based on high values , and the lower band based on low values , and the center line on close values
, and 1,65 std will represent 90 % of all reading (high , low , close ) to fall with in the band .
up trend will be considered if close price exceeded the top band lower values (within or outside the band )
down trend will be considered if close price exceeded the lower band higher values (within or outside the band )
Release Notes
now midline color change when trend conditions met Release Notes
bug fixed Protected script
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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.