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OPEN-SOURCE SCRIPT

Multi Band Channel

By Trendoscope
Wizard
Updated
Putting multiple bollinger bands/keltener channels together helps visualize the relative price movement. I have also used this in my BuyTheDip V2 strategy to measure dip and bounce back. 7 Standard deviation is used here. These are calculated based on the input fields StdDevStart and StdDevStep.

BuyTheDip V2


Release Notes
  • Added option for custom moving average for both Keltner Channel and Bollinger Bands.
  • Using loops to calculate multi bands

Release Notes
Further simplify code
Bollinger Bands (BB)Keltner Channels (KC)Volatility

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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Trendoscope
Wizard
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