OPEN-SOURCE SCRIPT
Aggiornato Madrid Bollinger Bands SD
This study tracks where the 5MA is relative to the Bollinger Bands
Bollinger Bands are segmented in four parts, +/- 2 stdDev and +/- 1 stdDev
+/- 1 : first StdDev Band
+/- 4 : Second StdDev Band
+/- 9 : Overbought / Oversold (Beyond 2nd SD Band)
This study is used to reduce the clutter on the screen. Instead of displaying the whole band, it displays a map that shows on which band the price is located. And provides at a glance the strength of the trend.
Bollinger Bands are segmented in four parts, +/- 2 stdDev and +/- 1 stdDev
+/- 1 : first StdDev Band
+/- 4 : Second StdDev Band
+/- 9 : Overbought / Oversold (Beyond 2nd SD Band)
This study is used to reduce the clutter on the screen. Instead of displaying the whole band, it displays a map that shows on which band the price is located. And provides at a glance the strength of the trend.
Note di rilascio
This is an recompiled Bollinger Bands SD version for Pinescript 3.0Script open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Declinazione di responsabilità
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Declinazione di responsabilità
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.