OPEN-SOURCE SCRIPT

Vortex Bands

Updated

A slighty modified version of Better Bollinger Bands. The idea of the experiment was to do a thing like the well-known Vortex Indicator, but an overlay:

Obvious trading rules are:

go Long when the blue line is above other two
go Short when the orange line is above other two
stop when price crosses the basis line

The tool is EXPERIMENTAL. Good luck!

Release Notes

Fix bar coloring

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.

Want to use this script on a chart?

everget

Freelance -> Telegram: @alex_everget

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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.