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OPEN-SOURCE SCRIPT

Bollinger Band ribbon

By cryptohrv
Updated
This indicator plots 9 upper and lower lines with increasing length. Lines are 0.618 upper and lower level of Bollinger band.
Release Notes
Added bull / bear breakout with alert.
When volume is higher then volume ma and price crosses Bollinger band ribbon indicator plots Bull or Bear sign.
You can set alert for breakout.
Release Notes
Added alert for when price is outside BB ribbon.
Release Notes
Corrected alert bug
Release Notes
Added tow other lines with length 200
For details visit our web site. Link in profile bio.
Release Notes
Added basis line with changeable length
Code optimized
Release Notes
Added setting for BB 10 color change and changed color to yellow
Added BB 10 upper and lower 100 value with auto color change red = bearish, green =bullish.
Release Notes
Added alert for bullish / bearish color change
Release Notes
Added alert for price exiting middle channel
Release Notes
Changed color and added transparency option
Release Notes
Added length settings change "New settings enabled" it changes BB length to 30 ....360
Release Notes
changed settings menu
bandsBands and ChannelsBollinger Bands (BB)ribbon

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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cryptohrv

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