Bollinger Bands (BBANDS)

// Licensed under the Apache License, Version 2.0
// © mihakralj
//@version=6
indicator("Bollinger Bands (BBANDS)", "BBANDS", overlay=true)

//@function Calculates Bollinger Bands with adjustable period and multiplier
//@param source Series to calculate Bollinger Bands from
//@param period Lookback period for calculations
//@param multiplier Standard deviation multiplier for band width
//@returns tuple with [middle, upper, lower] band values
//@optimized Uses circular buffer with running sums, O(1) complexity per bar
bbands(series float source, simple int period, simple float multiplier) =>
    if period <= 0 or multiplier <= 0.0
        runtime.error("Period and multiplier must be greater than 0")
    var int p = math.max(1, period)
    var int head = 0
    var int count = 0
    var array<float> buffer = array.new_float(p, na)
    var float sum = 0.0
    var float sumSq = 0.0
    float oldest = array.get(buffer, head)
    if not na(oldest)
        sum -= oldest
        sumSq -= oldest * oldest
        count -= 1
    float current_val = nz(source)
    sum += current_val
    sumSq += current_val * current_val
    count += 1
    array.set(buffer, head, current_val)
    head := (head + 1) % p
    float basis = nz(sum / count, source)
    float dev = count > 1 ? multiplier * math.sqrt(math.max(0.0, sumSq / count - basis * basis)) : 0.0
    [basis, basis + dev, basis - dev]

// ---------- Main loop ----------

// Inputs
i_period = input.int(20, "Period", minval=1)
i_source = input.source(close, "Source")
i_multiplier = input.float(2.0, "StdDev Multiplier", minval=0.001)

// Calculation
[basis, upper, lower] = bbands(i_source, i_period, i_multiplier)

// Plot
plot(basis, "Basis", color=color.yellow, linewidth=2)
p1 = plot(upper, "Upper", color=color.yellow, linewidth=2)
p2 = plot(lower, "Lower", color=color.yellow, linewidth=2)
fill(p1, p2, color=color.new(color.blue, 90), title="Band Fill")