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derMatzeImNetz

Bollinger Bands %B (ValueRay)

derMatzeImNetz Updated   
Bands and Channels Centered Oscillators Bollinger Bands (BB) BB bband bollinger_bands Bollinger Bands Width (BBW) bollingers percentb
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bandsandchannels centeredoscillator bollingerbands bb bband bollinger_bands bollingerbandswidth bollingers percentb
One of the key features of this BB%B is its ability to highlight overbought and oversold conditions. This allows you to make informed decisions on when to enter and exit a trade, helping you maximize your profits and minimize your losses.

- Bollinger Bands %B with the ability to change to a different Time Frame.(Defaults to current Chart Time Frame).

- Ability To Turn On/Off Background Highlighting if BB %B is Above/Below 0 / 1 thresholds.

- Ability To Turn On/Off Background Highlighting when BB %B Crosses back above/unser 0/1 thresholds.

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My personal recommandation use: combine with CM_Ultimate RSI Multi Time Frame (ChrisMoody) and have solid oversold/overbought levels, when hes RSI and my BB %B are bot red/green
Release Notes:
  • Small Tweaks
Release Notes:
  • removed link (house rules policy)
ValueRay ➤ Stock Screener and Value Analyser in Hedge-Fond Quality
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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.

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