H1 Bollinger Bands on M15 (Forward Shifted) fetches hourly middle, upper, and lower band values and locks them until the next hourly bar opens to provide higher-timeframe volatility context. Users can configure the length and standard deviation settings for the Bollinger Bands calculation. Because the underlying higher-timeframe data is fetched using lookahead on historical bars, historical plots reference future hourly close prices.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
BB Length
int
24
bbLength
BB Std Deviation
float
2.0
bbStdDev
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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