OPEN-SOURCE SCRIPT

Bollinger Bands + 5 Flexible MA [Ahorrador de Espacio]

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Description:

This "All-in-One" indicator combines classic Bollinger Bands with up to 5 fully customizable Moving Averages (MA) in a single script.

Designed specifically for traders who want to maximize their technical analysis setup without using up multiple indicator slots (ideal for Basic/Free plan users).

Key Features:

Bollinger Bands: Standard configuration (SMA 20, StdDev 2) with visual contact alerts (Triangles).

5 Independent Moving Averages:

Toggle On/Off: Activate only the lines you need.

Total Flexibility: Choose between SMA (Simple) or EMA (Exponential) for each individual line.

Customization: Full control over length, color, and line thickness.

Clean Interface: MAs 4 and 5 are disabled by default to keep your chart clean, but are ready to be activated in the settings.

How to Use:

Add the indicator to your chart.

Open the Settings (gear icon).

Select which MAs you want to display (e.g., SMA 200 for trend, EMA 9 for scalping).

Use at your own discretion as a confluence tool for trend and volatility.

Note: This script is a visualization tool. The band signals (triangles) indicate price touching the outer bands, which can signify either a potential reversal or trend continuation depending on the market context.

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