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OPEN-SOURCE SCRIPT

Double Bollinger Band

By austin99
The double bollinger band indicator uses a normal bollinger band with a multitude of 2 and on outer band with a multitude of 3. The indicator shows momentum by the price being stuck between the higher or lower bands. If price is in the middle then it is a neutral zone. The band's moving average is a default of 20 sma but included there are two extra simple moving averages just as extra indicators. This is my first published code and the code is messy; however, it gets the job done nice and simple. (:
Enjoy!
Bollinger Bands (BB)doublebollingerbanddoublebollingerbandsMoving AveragestrendVolatility

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 publication is governed by House rules. You can favorite it to use it on a chart.

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austin99

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