OPEN-SOURCE SCRIPT

Advanced Precision Bollinger Bands

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Dynamic Basis Alert: The center line turns orange when the bands are in a historical "squeeze" (low volatility). This acts as a visual warning to stop blind mean-reversion trading, as an explosive move is building.


Volume Integration: Standard Bollinger Bands fail when price grinds against an outer line on weak volume, convincing traders a trend is starting when it isn't. The green/red triangle signals on this script only fire if the breakout candle is backed by heavy trading volume.


Intra-candle Stability: By anchoring calculations primarily to the close, it reduces dynamic repainting issues that throw off visual backtesting.

Penafian

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