OPEN-SOURCE SCRIPT
INAZUMA Bollinger Bands [v4.0]
Overview
This indicator detects Bollinger Band ±2σ breaks ("Band Walk") and visualizes trend initiation and continuation with "Lightning/Magma" effects and count labels. v4.0 introduces the new "Squeeze (Rocket/Waterfall)" logic to capture strong trend continuations, complete with new dynamic visual effects.
v4.0 Updates
Squeeze (Rocket) Detection & Visuals:
Added logic to detect strong momentum (such as short squeezes) where the price pulls back from the 2σ band but continues to push beyond the 1σ band.
Rocket Flames (Uptrend):
Visualizes upward squeezes with a high-heat gradient (White/Yellow/Orange/Red) between the candle low and the Upper 1σ band, resembling a rocket launch.
Blue Waterfall (Downtrend):
Visualizes downward squeezes with a dynamic blue gradient between the candle high and the Lower 1σ band.
Squeeze Counter:
Displays the consecutive number of squeeze bars directly on the chart, utilizing a memory-efficient single-label tracking system.
Features
Visual Effects:
Draws distinct gradients for both ±2σ Band Walks (Lightning/Magma) and ±1σ Squeezes (Rocket/Waterfall).
Consecutive Count Labels: Displays the number of consecutive band walks and squeezes directly on the chart.
Smart Alerts: Built-in alerts for 3-bar consecutive squeezes to notify you of strong trend formations.
Multi-Timeframe Settings (for Screener): You can change the timeframe used for screener calculations (1D, 1W, 1M) via "Filter Timeframe" in the settings.
How to use with Screener
Select this indicator in the Pine Screener.
Add "MTF Up Bandwalk Count" or "MTF Down Bandwalk Count" to your columns.
Set the desired timeframe (default: "1M") in the "Filter Timeframe" setting of the indicator.
Calculations are performed in real-time without waiting for the bar to close.
This indicator detects Bollinger Band ±2σ breaks ("Band Walk") and visualizes trend initiation and continuation with "Lightning/Magma" effects and count labels. v4.0 introduces the new "Squeeze (Rocket/Waterfall)" logic to capture strong trend continuations, complete with new dynamic visual effects.
v4.0 Updates
Squeeze (Rocket) Detection & Visuals:
Added logic to detect strong momentum (such as short squeezes) where the price pulls back from the 2σ band but continues to push beyond the 1σ band.
Rocket Flames (Uptrend):
Visualizes upward squeezes with a high-heat gradient (White/Yellow/Orange/Red) between the candle low and the Upper 1σ band, resembling a rocket launch.
Blue Waterfall (Downtrend):
Visualizes downward squeezes with a dynamic blue gradient between the candle high and the Lower 1σ band.
Squeeze Counter:
Displays the consecutive number of squeeze bars directly on the chart, utilizing a memory-efficient single-label tracking system.
Features
Visual Effects:
Draws distinct gradients for both ±2σ Band Walks (Lightning/Magma) and ±1σ Squeezes (Rocket/Waterfall).
Consecutive Count Labels: Displays the number of consecutive band walks and squeezes directly on the chart.
Smart Alerts: Built-in alerts for 3-bar consecutive squeezes to notify you of strong trend formations.
Multi-Timeframe Settings (for Screener): You can change the timeframe used for screener calculations (1D, 1W, 1M) via "Filter Timeframe" in the settings.
How to use with Screener
Select this indicator in the Pine Screener.
Add "MTF Up Bandwalk Count" or "MTF Down Bandwalk Count" to your columns.
Set the desired timeframe (default: "1M") in the "Filter Timeframe" setting of the indicator.
Calculations are performed in real-time without waiting for the bar to close.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.