OPEN-SOURCE SCRIPT
Bollinger BandWidth Colored
Behavior:
Green → current candle closed with BBW rising by 2 points or more versus previous candle.
Gray → BBW is flat or rising less than 2 points.
Red → BBW is decreasing.
You can also:
Change the threshold directly in settings.
Customize all colors from the indicator settings panel.
Green → current candle closed with BBW rising by 2 points or more versus previous candle.
Gray → BBW is flat or rising less than 2 points.
Red → BBW is decreasing.
You can also:
Change the threshold directly in settings.
Customize all colors from the indicator settings panel.
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.