OPEN-SOURCE SCRIPT
Updated Better Bollinger Bands
It is a highly configurable Bollinger Bands implementation.
- You can choose different moving averages: EMA, SMA, WMA, VWMA, RMA (Wilder's EMA), ZLEMA, HMA (Hull MA), ALMA
- Select between standard or mean deviation
- You can use "High" or "Low" for upper and lower bands, which makes them much better for dynamic support-resistance
- You can shift (offset) right the bands to use it as support and resistance in the future
Release Notes
- Updated to PineScript v5- Fixed deviation selection
Open-source script
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.
Disclaimer
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.
Open-source script
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.
Disclaimer
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.