Bollinger Bands With Squeeze [Nic] — Indicator by NicTheMajestic

Bollinger bands with color indicators to detect two key scenarios :

- The squeeze (yellow) detects a potential breakout (or down) in price volatility.

- The extreme overbought / over sold conditions. This happens during a 'band ride'.

"There is nothing more beautiful than when a stock becomes overbought, and stays overbought" - John Bollinger

Release Notes:

removed a rouge comment

Release Notes:

Updated colors

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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