OPEN-SOURCE SCRIPT
BB 25 with Barcolors
I published this script before. I took a good long look at it and decided this edition could be entitled, "Less is More". If you look at the script there was just too much going on so I took out (//) a lot of the conditions and bar colors in favor of simplicity. The idea is that price tends to bounce off upper or lower bands eventually, so it was in that context I made the edit. If you copy the script feel free to take some of, or all of the (//) to see what you want to see. You might come up with something totally different. The danger, in my opinion,of over editing code from any indicator is that you run the risk of fooling yourself. I made the same adjustment in the BB 100 with Barcolors.
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.