This indicator plots a Supertrend-based trend-following setup in a separate pane and skips conditions it treats as a sideways market. A volatility range is built from an ATR value, with RMA, SMA, EMA, or WMA smoothing, or from a fixed point distance. Optional
Indicator · Pine Script v6 · Own pane
BBTrend
Plots a histogram in a separate pane that compares two sets of Bollinger Bands, a short one of 20 bars and a long one of 50 bars by default.
GitHub stars1on the repository
Pine versionv6current
Lines of code26
Settings3inputs
LicenceNone stated
Last update1 year ago1 Mar 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
BBTrend measures how far apart the lower bands are minus how far apart the upper bands are, scaled by the short middle band. Positive and negative columns use stronger or weaker shades depending on whether the value is growing. Lengths and multiplier are inputs.
- Short versus long Bollinger Band comparison
- Histogram with four colour shades
- Zero line
- Adjustable lengths and deviation
Details
Published by
ivansoft on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Volatility & bands, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
pinescripttradingvew
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Short BB Length | int | 20 | shortLengthInput |
| Long BB Length | int | 50 | longLengthInput |
| StdDev | float | 2.0 | stdDevMultInput |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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