PROTECTED SOURCE SCRIPT
Bollinger Bands Width Donchian
Updated
This script was written for release to my followers in tandem with a video idea on how to use it.
The script draws a line on a lower chart to display the Bollinger Bands Width. The default bars counted for this is 20.
The script then draws and upper and lower Donchian line that moves with the highest high and lowest low of Bollinger Bands Width. The default value of this Donchian is 200. When the Bollinger Bands Width line makes a new Donchian low it highlights the bars for visual recognition.
I have also added alert functionality that can be set to alert when a new low is made.
The script draws a line on a lower chart to display the Bollinger Bands Width. The default bars counted for this is 20.
The script then draws and upper and lower Donchian line that moves with the highest high and lowest low of Bollinger Bands Width. The default value of this Donchian is 200. When the Bollinger Bands Width line makes a new Donchian low it highlights the bars for visual recognition.
I have also added alert functionality that can be set to alert when a new low is made.
Release Notes
- Fixed bug with alert functionality.
- Added a different background color option (default: red) for the first bar of the Contraction that will trigger the alert.
Protected script
This script is published closed-source and you may privately use it freely.
Want to use this script on a chart?
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Discord Trading Community: discord.gg/eDfhKvS5AC
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Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
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