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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.
Bollinger Bands (BB)bollingersqueezedoublebollingerbandspressure

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