OPEN-SOURCE SCRIPT
已更新 Heatmapped Bollinger Bands
Bollinger Bands have been used for many years to determine the volatility and potential reversal area of markets. This script takes standard Bollinger Bands (BB) and transforms it into a heatmap of reversal areas.
A basic explanation on how this indicator works is:
- Yellow is where the price likes to stay,
- Orange is where the price might begin to reverse in a weak trend, and
- Red is where the price will either pause to let the yellow range catch up, or where the price will jump back down into the yellow range to stabilize.
For educational purposes: this script is essentially just taking the standard method of creating Bollinger Bands (seen in the 'Main Lines' portion of the script), coloring the plots 'na' so that they aren't seen, and using the 'fill' function to plot the yellow to red rainbow up to the top. I believe I made the yellow range 0.2*stdev to 1*stdev, the orange range 1*stdev to 2*stdev, and the red range 2*stdev to 3*stdev. You can get the hex code rainbow from any website that has a color slider.
** Disclaimer: THIS IS NOT TRADING ADVICE. Bollinger Bands should be used in conjunction with other indicators to make better decisions but NO STRATEGY IS PERFECT. Always backtest any strategy before using it live. **
A basic explanation on how this indicator works is:
- Yellow is where the price likes to stay,
- Orange is where the price might begin to reverse in a weak trend, and
- Red is where the price will either pause to let the yellow range catch up, or where the price will jump back down into the yellow range to stabilize.
For educational purposes: this script is essentially just taking the standard method of creating Bollinger Bands (seen in the 'Main Lines' portion of the script), coloring the plots 'na' so that they aren't seen, and using the 'fill' function to plot the yellow to red rainbow up to the top. I believe I made the yellow range 0.2*stdev to 1*stdev, the orange range 1*stdev to 2*stdev, and the red range 2*stdev to 3*stdev. You can get the hex code rainbow from any website that has a color slider.
** Disclaimer: THIS IS NOT TRADING ADVICE. Bollinger Bands should be used in conjunction with other indicators to make better decisions but NO STRATEGY IS PERFECT. Always backtest any strategy before using it live. **
版本注释
Incorrect copyright username in script after username change. Corrected to @OztheWoz.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。