Bollinger Band % constructed using a volume weighted EMA as the basis and a volume weighted standard deviation to calculate the bands.
If you find it useful please consider a tip/donation :
BTC - 3BMEXEDyWJ58eXUEALYPadbn1wwWKmf6sA
This is an revised Open Public version of Vdub Bollinger Band %B reversal indicator. This version includes optional Divergence Finder with selectable channel width, optional Market Session time highlighting and optional Binary Option expiry markers.
This is our second indicator and is very useful if you want to create a strategy based on multiple indicators and time frames. RSI and Stochastic RSI are multi-timeframe and they are based on ChrisMoody's multi-timeframe scripts.
You can choose from RSI, Stochastic RSI, BB% and Wavetrend. In the near future we my add CCI, CMF, TSI or any similar indicator with...
Entry Signal when %B Crosses with SMA and this is more meaningful if it supports colored bars.
Black Bar when prices go down and volume is bigger than 150% of its average, that indicates us price action is supported by a strong bearish volume
Blue Bar when prices go up and volume bigger than 150% of its average, that indicates us price action is supported by...
Oscillator averaging Money Flow Index and Bollinger Bands' %B
Colored bars indicate buy or sell signals
I have no idea if this is the right way to combine these two, but I'm gonna try it and see what happens