Indicator-Jones

multicolor Bollinger Bands (BB <-> KC)

Concept:
After every low volatile phase comes a high volatile phase and after every high volatile phase comes a low volatile phase.
If the Bollinger bands are smaller then the Keltner channel (colored red), the price action is low in volatility… meaning a breakout (colored green) will happen soon.

If Bollinger band is bigger than the Keltner channel = green
If Bollinger band is smaller than the Keltner channel = red

Displaying the Keltner Channel is optional
If multicolor BB is disabled, BB color = blue (default color)
Customise colors to your liking under settings -> style

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To get alerts for all coins

1. visit » tradingview.com/crypto-screener

2. set the filter to »
Bollinger Upper Band (20) below Keltner Channels Upper Band (20)
Bollinger Lower Band (20) above Keltner Channels Lower Bands (20)

3. add your own custom filters, like: exchange, marketcap, etc…

4. choose the timeframe you want

5. enable alerts
Release Notes:
  • added Alerts
  • added Vix Fix
  • changed Multipliers to float (0.1 steps possible now)
  • changed default value of Keltner Multiplier to 1.5 AND added comparing the BB width & KC width values into the calculation to make it highly accurate ;)
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.

Frånsägelse av ansvar

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