Bollinger Bands Volatility Arrows

Dec 11

Explanation of Changes:
Arrow Style:

Green Up Arrow (▲): Indicates increasing volatility with a positive value.
Red Down Arrow (▼): Indicates decreasing volatility with a negative value.
Labels with Arrows:

label.new is used to create arrows with the label.style_label_up or label.style_label_down styles.
The numerical value of the volatility is displayed beside the arrow using str.tostring.
Label Position:

For increasing volatility, the green arrow is placed near the high of the candle.
For decreasing volatility, the red arrow is placed near the low of the candle.
Text Format:

Includes the arrow symbol and the volatility value (formatted to 4 decimal places).
How It Works:
You’ll see green upward arrows for increasing volatility and red downward arrows for decreasing volatility.
Each arrow includes the exact value of the Bollinger Bands width at that moment.