OPEN-SOURCE SCRIPT
Updated Bollinger %B Candles

Candlesticks made from Bollinger %B of high, low, open and close.
Input parameters are explained below:
Input parameters are explained below:
- BBLength : Bollinger band periods. Standard deviation is hardcoded as percent B scale does not change with standard deviation.
- UseMovingAverage : Candles are formed on moving average of Bollinger Percent B instead of absolute values.
- Moving Average Type : Type of moving average to apply on Bollinger %B values
- Lookback Period : Moving Average periods.
- ColorByPreviousClose : Color candles based on previous close.
Release Notes
Making it bit spicy by applying supertrend on the candles. Release Notes
Fixed errorOpen-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.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
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.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
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.