This indicator plots trade entry and exit signals on the price chart by combining Bollinger Bands with optional filter conditions. It calculates standard Bollinger Bands along with RSI, Aroon, and moving average filters. Reversal signals trigger when price bre
Indicator · Pine Script v4 · On the chart
Bollinger Bands
This indicator plots standard Bollinger Bands directly on the price chart using hardcoded settings of a 5-period length and a 4 standard deviation multiplier.
GitHub stars65on the repository
Pine versionv4older, still runs
Lines of code11
Settings0inputs
LicenceGPL-3.0
Last update4 days ago24 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
11 lines of Pine Script v4 from examples/v4/tradingview-docs/v5-migration-guides-to-pine-version-5-08.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
study("Bollinger Bands", overlay = true)
[middle, upper, lower] = bb(close, 5, 4)
plot(middle, color=color.blue)
p1PlotID = plot(upper, color=color.green)
p2PlotID = plot(lower, color=color.green)
crossUp = crossover(high, upper)
crossDn = crossunder(low, lower)
// Both `fill()` and `bgcolor()` have a default `transp` of 90
fill(p1PlotID, p2PlotID, color = color.green)
bgcolor(crossUp ? color.green : crossDn ? color.red : na)
Overview
Bollinger Bands displays the middle basis line in blue, the upper and lower outer bands in green, and fills the channel between them. Additionally, it highlights the background color in green when the bar high crosses above the upper band, and in red when the bar low crosses below the lower band.
- Built-in Bollinger Bands calculation
- Shaded channel fill between outer bands
- Background color highlights on band breakouts
Details
Published by
be-thomas on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Volatility & bands, Mean reversion
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
algorithmic-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
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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