stelaraX - Bollinger Bands

stelaraX – Bollinger Bands

stelaraX – Bollinger Bands is a classic volatility-based indicator designed to visualize price dispersion around a moving average. The script plots the Bollinger Bands directly on the chart, allowing traders to assess volatility, potential mean reversion zones, and dynamic support and resistance levels.

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Core logic

The indicator calculates Bollinger Bands using three core components:

* a simple moving average as the basis line
* an upper band calculated by adding a multiple of standard deviation
* a lower band calculated by subtracting a multiple of standard deviation

The period length and standard deviation multiplier are fully configurable, allowing adaptation to different markets and timeframes.


Visualization

The script plots:

* the basis moving average line
* the upper Bollinger Band
* the lower Bollinger Band

The area between the upper and lower bands can be filled with a semi-transparent color to clearly highlight the active volatility range. All colors are customizable for optimal chart integration.


Use case

This indicator is intended for:

* volatility analysis and expansion or contraction detection
* identifying overextended price conditions
* mean reversion and breakout strategies
* dynamic support and resistance analysis
* multi-timeframe volatility assessment

For a fully automated AI-driven chart analysis solution, additional tools and insights are available at stelarax.com


Disclaimer

This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.