PROTECTED SOURCE SCRIPT
Updated Bollinger Levels
Description
It allows bollinger band levels in 1D/2D/3D/4D/5D/6D/1W/8D/9D/10D/11D/12D/13D/2W/3W/1M time frames to be displayed on a single chart. Thus, it gives an idea about how much the price can rise or fall.
Usage
The place where the lower bollinger levels tighten should be considered as a strong support and where the upper bollinger levels tighten, it should be considered as a strong resistance zone.
Especially 1D, 3D and 1W levels serve as a nice response level.
It allows bollinger band levels in 1D/2D/3D/4D/5D/6D/1W/8D/9D/10D/11D/12D/13D/2W/3W/1M time frames to be displayed on a single chart. Thus, it gives an idea about how much the price can rise or fall.
- Red Levels: Shows the upper bollinger band levels passing the relevant level according to the specified time periods.
- Gray Levels: Shows the middle Bollinger band levels passing through the relevant level according to the specified time periods.
- Blue Levels: Shows the lower bollinger band levels passing the relevant level according to the specified time periods.
Usage
The place where the lower bollinger levels tighten should be considered as a strong support and where the upper bollinger levels tighten, it should be considered as a strong resistance zone.
Especially 1D, 3D and 1W levels serve as a nice response level.
Release Notes
The situation that caused bollinger band levels to differ from non-standard candlestick charts has been adjusted.Release Notes
Added a set of settings that allow levels to be turned on and off.Release Notes
Rounding display of decimal prices has been adjusted. Numbers with higher decimal values are now rounded correctly.Release Notes
Text and line spacing has been updated to ensure a clearer understanding of the levels.Release Notes
- Title information has been changed for clarity.
Release Notes
- Color editing feature has been added to make the texts more understandable, independent of the lines.
Release Notes
- A method has been added that increases the visibility of the levels as the price approaches them, and decreases it as it moves away from them.
Protected script
This script is published closed-source and you may privately use it freely.
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