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
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
-----------------------------------
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
Versionsinformation:
- 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 ;)