OPEN-SOURCE SCRIPT
Bollinger Band Width Oscillator %
🧠 Bollinger Band Width Oscillator %
The Bollinger Band Width Oscillator % is a volatility-focused tool that measures the relative width of Bollinger Bands and transforms it into an oscillator format. It helps traders visualize volatility expansions and contractions directly in an indicator pane — a powerful way to anticipate breakout or consolidation phases.
🔍 How It Works
Band Width %: Calculates the percentage distance between the upper and lower Bollinger Bands relative to the basis (SMA).
Smoothed Output: The raw bandwidth is smoothed using a moving average for cleaner, more stable signals.
Dynamic Volatility Zones: The script automatically computes average, high, and low volatility thresholds — each dynamically adapting to market conditions.
User-Adjustable Multipliers: Control how sensitive your high/low zones are with the High Zone Multiplier and Low Zone Multiplier inputs.
⚙️ Key Features
📊 Oscillator Format – Easy-to-read visualization of volatility compression and expansion.
🔥 High/Low Volatility Detection – Automatic labeling and color-coded alerts for shifts in volatility.
🧩 Dynamic Thresholds – Zones adjust automatically with market activity for adaptive sensitivity.
🧠 Hysteresis Logic – Prevents rapid signal flipping, improving clarity and reliability.
🎨 Custom Visuals – Adjustable smoothing and background highlights for quick interpretation.
📈 Trading Applications
Identify Breakouts: Rising bandwidth often precedes price breakouts.
Spot Consolidations: Low bandwidth indicates tightening volatility and potential range trades.
Volatility Regime Analysis: Understand market rhythm and adapt strategies accordingly.
⚡ Inputs
Parameter Description
Band Length Period for Bollinger Band calculation
Band Multiplier Standard deviation multiplier for the bands
Source Price source (default: close)
Smoothing Period for smoothing the oscillator line
High Zone Multiplier Adjusts the high-volatility threshold
Low Zone Multiplier Adjusts the low-volatility threshold
Highlight Volatility Zones Optional background color overlay
🧊 Usage Tip
Combine this indicator with momentum tools or price action analysis to confirm trade setups. Watch for transitions from low to high volatility zones — these often signal the beginning of major market moves.
The Bollinger Band Width Oscillator % is a volatility-focused tool that measures the relative width of Bollinger Bands and transforms it into an oscillator format. It helps traders visualize volatility expansions and contractions directly in an indicator pane — a powerful way to anticipate breakout or consolidation phases.
🔍 How It Works
Band Width %: Calculates the percentage distance between the upper and lower Bollinger Bands relative to the basis (SMA).
Smoothed Output: The raw bandwidth is smoothed using a moving average for cleaner, more stable signals.
Dynamic Volatility Zones: The script automatically computes average, high, and low volatility thresholds — each dynamically adapting to market conditions.
User-Adjustable Multipliers: Control how sensitive your high/low zones are with the High Zone Multiplier and Low Zone Multiplier inputs.
⚙️ Key Features
📊 Oscillator Format – Easy-to-read visualization of volatility compression and expansion.
🔥 High/Low Volatility Detection – Automatic labeling and color-coded alerts for shifts in volatility.
🧩 Dynamic Thresholds – Zones adjust automatically with market activity for adaptive sensitivity.
🧠 Hysteresis Logic – Prevents rapid signal flipping, improving clarity and reliability.
🎨 Custom Visuals – Adjustable smoothing and background highlights for quick interpretation.
📈 Trading Applications
Identify Breakouts: Rising bandwidth often precedes price breakouts.
Spot Consolidations: Low bandwidth indicates tightening volatility and potential range trades.
Volatility Regime Analysis: Understand market rhythm and adapt strategies accordingly.
⚡ Inputs
Parameter Description
Band Length Period for Bollinger Band calculation
Band Multiplier Standard deviation multiplier for the bands
Source Price source (default: close)
Smoothing Period for smoothing the oscillator line
High Zone Multiplier Adjusts the high-volatility threshold
Low Zone Multiplier Adjusts the low-volatility threshold
Highlight Volatility Zones Optional background color overlay
🧊 Usage Tip
Combine this indicator with momentum tools or price action analysis to confirm trade setups. Watch for transitions from low to high volatility zones — these often signal the beginning of major market moves.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。