Kaya4938 BBBands with Moving Resistance/Support Lines v.2 — Indicator by kaya4938

trendanalysis breadthstudies btc btcusdt btcusd forex

Take your own risk. It is combines 2 indicator in this Script. First Bollinger bands (BB) from 1.5 deviantion to 3.5 deviation (1.5, 2.5, 3.0, 3.5). You can see price interection with BB step by step. And how price acting up or down with this 5 degree of Bands.

The second is my own indicator Moving Resistance And Support Lines ( RS ). It is calculated for observing RS .

Also we have shifting options for both BB and RS .

As a result this script will be helper for seeing undersanding of changing trends, breaks of Resistances and Supoorts and etc.

BEST REGARS.

Release Notes:

STD Dev degree names was jus BB1 but functions was for five bands. This name error fixed.

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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