OPEN-SOURCE SCRIPT

Bollinger Bands %B + RSI

Updated

Bollinger Bands %b and RSI in one, and a experimental RSI cloud based in BB formula.

RSI scale goes from 0.00-1.00 instead of 0 -100.

Release Notes

Changes settings to default values of original (RSi 14 periods and bb%b 20 periods).
Added a subtile color change on bb%b when Stochastic do crossovers.
Changed values from 0-1 to 0-100, where bb%b over 100 is outside upper band and under 0 is outside lower band.

Release Notes

Fixed z-index on plots.
Added stochastic color changes to rsi.

Release Notes

And now Hull MA crossover indications on bb%b (the teal line).
The RSI show stochastic crossover (the purple line).

Strong color indicates upwards trend.
Pale color indicates downwards trend.

Release Notes

This is to abstract, so moving onwards with these two indicators:

Will update if i find a good way to merge them again.

Release Notes

Added Hull.

Release Notes

Updated script to Pinescript version 5.

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?

Skrymten

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