OPEN-SOURCE SCRIPT
Adaptive Bollinger Bands [by Oberlunar]
Adaptive Bollinger Bands by Oberlunar extends a classical Bollinger-style framework by building structured envelopes on highs and lows and then interpreting them through flow and regime context rather than through band touches alone. The script combines two moving-average bases, adaptive volume-distribution logic above and below price, a normalized TRIX component, and a multi-timeframe directional filter to distinguish between mean-reversion conditions and breakout conditions in a more organized way.
Its original value is not in any single component taken in isolation, but in the way these elements are fused into one coherent visual system. The bands define the price structure, the heatmap and tape show where directional pressure is stronger, the regime engine helps separate quieter rejection environments from more persistent expansion, and the support, resistance, and compression areas help mark zones where market behavior becomes more interpretable.
The indicator is designed to be read directly on standard charts. It does not use future-looking logic, and higher-timeframe requests are made with no lookahead. It is meant as a decision-support tool for chart reading, not as a promise of performance or as a substitute for risk management.
A common way to use the script is to observe how price behaves when it reaches the outer parts of the envelope and then compare that location with the active regime, the side-specific flow, and the multi-timeframe bias. In quieter conditions, signals near the edge of the channel can be interpreted as possible rejection areas. In stronger directional conditions, the same area can instead be read as part of a continuation or breakout sequence. The heatmap and tape help show whether pressure is building above or below price, while the marked zones can help the user keep track of relevant local structure.
Enjoy
by Oberlunar ✦👁
Its original value is not in any single component taken in isolation, but in the way these elements are fused into one coherent visual system. The bands define the price structure, the heatmap and tape show where directional pressure is stronger, the regime engine helps separate quieter rejection environments from more persistent expansion, and the support, resistance, and compression areas help mark zones where market behavior becomes more interpretable.
The indicator is designed to be read directly on standard charts. It does not use future-looking logic, and higher-timeframe requests are made with no lookahead. It is meant as a decision-support tool for chart reading, not as a promise of performance or as a substitute for risk management.
A common way to use the script is to observe how price behaves when it reaches the outer parts of the envelope and then compare that location with the active regime, the side-specific flow, and the multi-timeframe bias. In quieter conditions, signals near the edge of the channel can be interpreted as possible rejection areas. In stronger directional conditions, the same area can instead be read as part of a continuation or breakout sequence. The heatmap and tape help show whether pressure is building above or below price, while the marked zones can help the user keep track of relevant local structure.
Enjoy
by Oberlunar ✦👁
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Founder of UnconventionalTraders, a platform for 0DTE/ORB analysis:
unconventionaltraders.com
unconventionaltraders.com
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Founder of UnconventionalTraders, a platform for 0DTE/ORB analysis:
unconventionaltraders.com
unconventionaltraders.com
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.