Bollinger Bands Multi Timeframes v1
This is a new experimental Bollinger Bands indicator. It aims to display 3 BBs of different periods. The bands are 10, 20, 50 periods and 1.9, 2.0, 2.1 multipliers respectively (in accordance with Mr. Bollinger's recommendation).
The squeeze option is a visual highlight of band squeezes. A squeeze is loosely defined as a narrowing of the band at some threshold rate. The denser the coloring the more stacked/severe the squeeze is. Squeezes from all three bands are accounted for, with the 20 period weighted slightly more.
The crossing option displays triangles above and below candles where the top or bottom bands cross with those from a higher period. There is a filter that excludes all but crossing "into" the higher band for the 20 and 50 periods to reduce clutter. This feature is in experimental stage, and I plan to use proximity instead of crossing in a future version.
All three SMAs can be toggled on or off. Feel free to leave suggestions and questions.
The squeeze option is a visual highlight of band squeezes. A squeeze is loosely defined as a narrowing of the band at some threshold rate. The denser the coloring the more stacked/severe the squeeze is. Squeezes from all three bands are accounted for, with the 20 period weighted slightly more.
The crossing option displays triangles above and below candles where the top or bottom bands cross with those from a higher period. There is a filter that excludes all but crossing "into" the higher band for the 20 and 50 periods to reduce clutter. This feature is in experimental stage, and I plan to use proximity instead of crossing in a future version.
All three SMAs can be toggled on or off. Feel free to leave suggestions and questions.
Informacje o Wersji:
Added squeeze period input.
Informacje o Wersji:
Updated some squeeze weight values to accentuate short TF squeezes.