EXPERIMENTAL: a experiment using bollingers and directional momentum, Breakout detector.
study(title="[RS]Bollinger Bands Breakout Candles V0", shorttitle="[RS]BBBc.V0", overlay=true) length = input(8) src = input(hl2) deviations = input(2) ma = sma(src, length) oma = ma > ma[1] ? valuewhen(ma < ma[1], ma[1], 0) : ma < ma[1] ? valuewhen(ma > ma[1], ma[1], 0) : nz(oma[1]) upper = oma + stdev(src, length) * deviations lower = oma - stdev(src, length) * deviations plotcandle(oma, upper, lower, ma, color=ma>=upper?#9ce0b2:ma<=lower?#e0b29c:ma>=ma[1]?green:maroon)