OPEN-SOURCE SCRIPT

Vollinger Bands

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I'm happy to present to you... VOLLINGER BANDS. Loosely based on bollinger bands, this indicator uses the new Up/Down Volume indicator from tradingview, which I have add moving averages, and a width calculation between them to determine squeeze. Essentially I have created a volume squeeze bollinger band derivative, hence the term "Vollinger Band".

The bands are NOT a deviation of any middle line or moving average, but rather their own moving averages of the volume delta, respectively.

Blue background = Volume Squeeze (vollinger bands width is less than the squeeze strength line), meaning consolidation, and a big move may happen soon.

Top line = A moving average of the Up Volume delta

Bottom line = A moving average of the Down Volume delta

Vol MA = the moving average length of both the top/bottom line

> If you zoom in, you can see a white line, which is the squeeze represented as a single line, calculated using bollinger bands width. The squeeze strength is a moving average of the squeeze line, which then determines if the width is below that moving average, then the squeeze will occur (white line below purple)

The bands are colored based on the sum of the Up/Down volume over the specified number of bars (preset at 5). If the volume is more buying than selling over that amount of bars, then the line is colored green, and vice versa.

版本注释
Fixed recurring alerts on each bar
版本注释
Removed labels
Bands and Channelsvolumeanalysis

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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