OPEN-SOURCE SCRIPT

Vortex Bands

Updated
A slighty modified version of Better Bollinger Bands. The idea of the experiment was to do a thing like the well-known Vortex Indicator, but an overlay:
snapshot

Obvious trading rules are:
  • go Long when the blue line is above other two
  • go Short when the orange line is above other two
  • stop when price crosses the basis line


The tool is EXPERIMENTAL. Good luck!
Release Notes
  • Fix bar coloring
bandsBollinger Bands (BB)Trend AnalysisVortex Indicator (VI)vortexnegativevortexpositive

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.

Want to use this script on a chart?


Freelance -> Telegram: @alex_everget

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