OPEN-SOURCE SCRIPT

Function : Bollinger Bands and BBW Squeeze Detector

Actualizado
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.



Notas de prensa
Update : Dependent Variable Odd Generator Risk Detector used for detect Bollinger Band Width Squeeze.
More info about Dependent Variable Odd Generator Risk Detector :

Dependent Variable Odd Generator Risk Detector
Notas de prensa
Short Bollinger Band Width Period issue fixed.
BBbbandBBWBollinger Bands (BB)designMFIMoney Flow Index (MFI)squeezeStandard Deviation (Volatility)Volatility

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

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