// Source: TradingView Built-in Indicator (Bollinger Bands)
// Attribution: Standard Bollinger Bands implementation matching TradingView's built-in indicator
// Used as input for AI-powered strategy conversion
//@version=5
indicator("Bollinger Bands", overlay=true)
length = input.int(20, minval=1, title="Length")
src = input(close, title="Source")
mult = input.float(2.0, title="StdDev Multiplier")
basis = ta.sma(src, length)
dev = mult * ta.stdev(src, length)
upper = basis + dev
lower = basis - dev
plot(basis, color=color.blue, title="Basis")
p1 = plot(upper, color=color.green, title="Upper Band")
p2 = plot(lower, color=color.red, title="Lower Band")
fill(p1, p2, color=color.new(color.gray, 90), title="BB Fill")
Overview
Bollinger Bands calculates a simple moving average of the selected source over the chosen length, then places upper and lower bands at a multiple of the standard deviation around that basis. The basis, upper band, and lower band are drawn as separate lines, with a light fill between the outer bands. Length, source, and the standard-deviation multiplier are the main settings. It does not generate buy or sell signals or trade rules.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Length
int
20
length
Source
source
close
src
StdDev Multiplier
float
2.0
mult
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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