OPEN-SOURCE SCRIPT
Bollinger Bands Deviation - yo_adriiiiaan
Bollinger Band Deviations
In theory price trades within 2 standard deviations 95% of the time. This is an attempt to capture that 5% that deviates from the bands.
Useful for taking profit or signaling a reversal.
In theory price trades within 2 standard deviations 95% of the time. This is an attempt to capture that 5% that deviates from the bands.
Useful for taking profit or signaling a reversal.
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.