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 v5 · On the chart
Bollinger Bands
A variation on Bollinger Bands drawn on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code62
Settings5inputs
LicenceNone stated
Last update1 year ago17 Jan 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
Bollinger Bands uses a 21-period EMA of the HLC3 price as the basis, with upper and lower bands set by a standard deviation multiplier. It also calculates a band position value and an EMA of band width, shown in the status line. Alert conditions fire when price crosses the basis or either band. Length, multiplier, source and a plot offset are adjustable.
- EMA-based basis with standard deviation bands
- Band position and width values
- Alerts for basis and band crosses
- Adjustable plot offset
Details
Published by
zhuzp98 on GitHub
Code credit
rhapsodyz, as written in the script's header
Type
Indicator, Pine Script v5
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Boll Length | int | 21 | length |
| Boll Dev EMA Length | int | 21 | lengthD |
| StdDev | float | 2.0 | mult |
| Boll Source | source | hlc3 | src |
| Offset | int | 0 | offset |
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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