Atlas BBTlevels

Atlas BBTlevels is a custom Bollinger Bands-based indicator that measures the momentum and strength of price trends using the difference between short- and long-period Bollinger Bands. Inspired by John Bollinger’s official tools like BBTrend, %b, and Bandwidth, this script adds adjustable horizontal threshold levels so traders can mark important reaction zones on their charts.

It visualizes when markets may be entering overheated or exhausted conditions — either for trend continuation or potential reversals — and works across crypto, stocks, forex, spot, or perpetual charts.

How I personally use it:
I apply Atlas BBTlevels across three timeframes:

Low timeframe (LTF): 5m–15m

Mid timeframe (MTF): 1h–6h

High timeframe (HTF): 1d–2d

I review where the indicator historically spiked during major moves. For example, if the 4-hour chart shows repeated spikes to +10 or −10, I’ll set my positive and negative thresholds near those levels. This lets me anticipate zones where the market may reverse, cool off, or break out. I then compare LTF, MTF, and HTF levels to look for confluence. When multiple timeframes align near key levels, it gives me higher confidence to prepare for a trade — but I always combine this with price action and other confirmation tools.

How others can use it:

Identify overbought/oversold zones by adjusting the thresholds to match historical extremes on your chosen asset.

Use it as a trend strength gauge: when the histogram is near or above the top threshold, the trend is likely strong; when it fades back toward zero, momentum is weakening.

Watch for volatility expansions or contractions as the indicator accelerates away from or returns toward zero.

Combine it with price action (support/resistance, trendlines, chart patterns) or other momentum tools to reduce false signals.

Apply it across multiple timeframes to look for confluence — this increases reliability compared to using it on just one chart.

Important tips:

Positive spikes (above zero) usually indicate strength or overextension upward; negative spikes (below zero) show weakness or downward exhaustion.

You can reverse the color logic if you want (for example, highlight negative spikes as green for buy interest and positive spikes as red for sell interest) — this is just a visual preference.

This is not a standalone buy/sell system. Always combine it with other tools, market context, and risk management.