Double BB w/ Pressure

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 as closed-source. However, you can use it freely and without any limitations – learn more here.

aybarsm

Also on:

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.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

aybarsm

Also on: