BB Volatility

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BB Volatility indicator is monitoring the famous Bollinger Bands volatility in a normalised manner.
Could not find anything similar so thought this would be useful.
For confirmation signals of the BB to move into one or another direction it is complemented with SMA and EMA.
Additionally, it is complemented with Min Level of BB line - a level user can define and decide to use or not for even stronger conviction for a potential BB expansion.

How to use?
As it monitors when the BB narrows, it helps to identify potential price breakout moments in one or another direction.
Users can adjust duration and Min Level inputs as per security they are interested.

For better visualisation purposes, the background is plotted light green when BB crosses both SMA and EMA upwards. And plotted light red when BB crosses both downwards. Users can also adjust the colors as per their preferences.

This indicator just helps to define potential BB expansion moments. No indicator alone is perfect and for most effective use needs to be complemented with overall market context and other chart patterns.

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Phát hành các Ghi chú

Updated inputs for better smoothing