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 ✦👁
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Founder of UnconventionalTraders, a platform for 0DTE/ORB analysis:
unconventionaltraders.com
unconventionaltraders.com
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Founder of UnconventionalTraders, a platform for 0DTE/ORB analysis:
unconventionaltraders.com
unconventionaltraders.com
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.