This script is a request from trader Jonathan. We use Bolinger bands to scan for market extremes.
Triple Layer Adaptive BB SD Band based pullback and pivoting signals ♘♝ Macro Trend sentiment - Outer deviations coloring Micro trend - Mean Value and normal +/- st.dev colors Candle Colors - Median Trend Col Coded Primitive(Basic) Squeeze detection Sensitive micro break out/down signals derived from basic Mean line crossing (Added some Whipsaw Protection)...
this is a combination of 3 different indicators and calculations
This is a volatility indicator that gives signals based on some indicators like RSI, WMA etc This indicator is requested by trader ogranicgrower and owns the permision to permit one on using it
bolinger bands, ma's, csd, extremes, inside/outside bars. If You like it click thumbs up.