OPEN-SOURCE SCRIPT
Atualizado Function : Bollinger Bands and BBW Squeeze Detector
This script shows Bollinger Bands function and want to detect Bollinger Band Width Squeeze with a successful, different perspective .
Bollinger Bands : You can specify the Bollinger Bands periods as mutable variables.
Bollinger Band Width Squeeze : First the Bollinger bands width was calculated.The width was then divided into levels using the money flow index.
Thus, the bollinger takes into account the available volume averages when calculating the band width mfi (Money Flow Index).
After this modelling, we can limit and color the lower limit and upper limits just as Relative Strength Index.
We can even put warnings on oversold areas if desired. Let's not forget that we are working with width rather than price.
By design, squeeze areas are defined directly above the Bollinger Bands with coloration. I think it is very practical and looks stylish.
I tried and found it quite successful and wanted to share it with users.
I came up with many ideas when I wrote this system, and I will share them very soon . I hope it will be useful to users and give new ideas.
Best regards.
Bollinger Bands : You can specify the Bollinger Bands periods as mutable variables.
Bollinger Band Width Squeeze : First the Bollinger bands width was calculated.The width was then divided into levels using the money flow index.
Thus, the bollinger takes into account the available volume averages when calculating the band width mfi (Money Flow Index).
After this modelling, we can limit and color the lower limit and upper limits just as Relative Strength Index.
We can even put warnings on oversold areas if desired. Let's not forget that we are working with width rather than price.
By design, squeeze areas are defined directly above the Bollinger Bands with coloration. I think it is very practical and looks stylish.
I tried and found it quite successful and wanted to share it with users.
I came up with many ideas when I wrote this system, and I will share them very soon . I hope it will be useful to users and give new ideas.
Best regards.
Notas de Lançamento
Update : Dependent Variable Odd Generator Risk Detector used for detect Bollinger Band Width Squeeze.More info about Dependent Variable Odd Generator Risk Detector :
Notas de Lançamento
Short Bollinger Band Width Period issue fixed.Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.