MensaTrader

BB Order Blocks

Using the Bollinger Band to mark areas of Support and Resistance

The scrip finds the highest and lowest levels of the bands to mark up futures areas of interest.
If the High/Lows are being broken on the Bollinger band , or if the look back range has expired without finding new levels, the script will stop plotting them until new levels are found


I have found many combinations which work well
Changing the band length to to levels 20,50,100 or 200 seem to give interesting results

Aswell as this changing the standard deviation to 3 instead of 2 marks up key levels.

The look back range seems to show better levels on 50,100 and 200

Let me know any changes or updates you think you could make an impact , this was just a quick basic script I wanted to share.
Skript med en öppen källkod

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Vill du använda det här skriptet i ett diagram?