I found myself using multiple bollinger bands a lot so I decided to add them all to one script and add the ability to adjust them by 0.2. It has helped me by not taking up as much space in the upper left corner as well as improving my in's and outs of trend continuation trades. If you manage to find a double top at +2 or greater deviation, and with a bearish divergence on the RSI as shown in this picture, GO SHORT SON! This was a fast and easy 35 - 40 pips and if you used your fibonacci for an exit you had little doubt of the final result and could have even been prepared for an immediate reversal knowing you were then at an oversold -2.8 deviation. I could go on and on........
I like what you've done here, but it seems like it's no longer working properly. Perhaps because TV has gone to version 5 and this has not been updated? What version was this in 2016? thanks
anandroid
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Thank you for this wonderful script! May I ask: how would one create an alert to trigger if the 3rd lower (or upper band) is touched / pierced? Thanks so much!