PROTECTED SOURCE SCRIPT

Double BB w/ Pressure

By aybarsm

Updated

Double Bollinger Bands with dynamic pressure indications

Release Notes

Alert function added.

Release Notes

Algorithm update on pressure frequency determination for color of pressure indication flags

Release Notes

Minor update. Explanation of flag colors: Band Squeeze Candle Count determines minimum pressure happened for candle count. If the back-to-back count reaches to 1 times of candle count, the flags will be yellow for 1 more cycle of candle count. If back-to-back count reaches to 2 times of candle count, the flags will be red in order attract attention for continuous pressure.

ps. Its a v4 script. You can use plot values with alerts. Built-in alert has been defined in the script.

Protected script

This script is published closed-source and you may privately use it freely.

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aybarsm

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