OPEN-SOURCE SCRIPT
BBLathe2: Bollinger Band Lathe w/ Elder's Force Index [sclark39]
Aggiornato
Welcome to the second version of the BBLathe!
This shows Bollinger Bands centered on a horizontal basis, to make it easier to see how volatility is changing and identify squeeze opportunities. By default Bollinger bands are calculated using an exponential moving average and an improved higher precision stdev implementation, but this can be disabled. Version 2 also shows Elder's Force Index as a white histogram, so you can see some volume information to help confirm the power of the bears/bulls. The green/red shadow shows how the Bollinger's basis is changing, and when it is going up there will be a green shadow underneath the basis line (this can be inverted in the settings). There is also price line (yellow) showing the location of the price within the Bollinger Bands.
Use this indicator for trades at your own risk, I made this for fun and it is not a trade recommendation.
That being said, if you like my work please tip me!
ETH: 0xf8E0Ea503B5c833fD4546E7fa2c70EcE42A27C8A
Please comment with feedback and requests!
This shows Bollinger Bands centered on a horizontal basis, to make it easier to see how volatility is changing and identify squeeze opportunities. By default Bollinger bands are calculated using an exponential moving average and an improved higher precision stdev implementation, but this can be disabled. Version 2 also shows Elder's Force Index as a white histogram, so you can see some volume information to help confirm the power of the bears/bulls. The green/red shadow shows how the Bollinger's basis is changing, and when it is going up there will be a green shadow underneath the basis line (this can be inverted in the settings). There is also price line (yellow) showing the location of the price within the Bollinger Bands.
Use this indicator for trades at your own risk, I made this for fun and it is not a trade recommendation.
That being said, if you like my work please tip me!
ETH: 0xf8E0Ea503B5c833fD4546E7fa2c70EcE42A27C8A
Please comment with feedback and requests!
Note di rilascio
Added option to color the force-index based on if it is positive or negative, as requested by gianfranco60 !Note di rilascio
Fixing preview imageScript open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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