It uses the double bands with the Bollinger correlated indicator. (width)
I don’t have a lot to say, everything is visual and we know the usefulness of bollinger bands.
I am quite satisfied with this indicator that I have the pleasure to present it to you.
I find this indicator very relevant!
However, let’s not forget that the Graal doesn’t exist, it’s nevertheless a visual pleasure for me!
Yours sincerely
IV
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// //============================== Indicateur BW = BollingerBandWidth[20](close) MM = average[20](close) Bolup = MM+STD[20]*1.0 Boldw = MM-STD[20]*1.0 Bol1 = MM+STD[20]*1.0 Bol2 = MM-STD[20]*1.0 Bol3 = MM+STD[20]*2.0 Bol4 = MM-STD[20]*2.0 //============================== Trend Bullsih CA1 = close > MM CA2 = BW > BW[1] Bullsih = CA1 and CA2 if Bullsih then A = 1 else A = 0 endif if A = 1 then drawcandle(boldw,bolup,boldw,bolup)coloured(28,144,194,50) R = 28 G = 144 B = 194 T = 250 endif //============================== Trend Bearish CV1 = close < MM CV2 = BW > BW[1] Bearish = CV1 and CV2 if Bearish then V = 1 else V = 0 endif if V = 1 then drawcandle(bolup,boldw,bolup,boldw)coloured(100,100,100,50) R = 100 G = 100 B = 100 T = 250 endif //============================== No Trend if A = 0 and V = 0 then R = 158 G = 158 B = 158 T = 90 endif //============================== Bande Bolliger return MM coloured(R,G,B,T) style (line,2) as "Middle", bol1 coloured(R,G,B,T) style (line,2) as "bol1", bol2 coloured(R,G,B,T) style (line,2) as "bol2", bol3 coloured(R,G,B,T) style (line,2) as "bol3", bol4 coloured(R,G,B,T) style (line,2) as "bol4" |
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