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Bollinger Bands Indicator Setup

The document defines an indicator for a Bollinger Bands style technical analysis indicator. It allows the user to configure period length, shift value, moving average type, and visibility/colors of upper, middle, lower bands and the fill between the bands. The indicator calculates upper, middle, and lower bands based on the selected moving average type and plots the bands and fill if their visibilities are enabled.

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Caio Franciscatto
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194 views1 page

Bollinger Bands Indicator Setup

The document defines an indicator for a Bollinger Bands style technical analysis indicator. It allows the user to configure period length, shift value, moving average type, and visibility/colors of upper, middle, lower bands and the fill between the bands. The indicator calculates upper, middle, and lower bands based on the selected moving average type and plots the bands and fill if their visibilities are enabled.

Uploaded by

Caio Franciscatto
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd

instrument { name = "Canal Bordas de Bolinger", icon="indicators:ADX", overlay =

true }
period = input (5, "[Link]", [Link], 1)
shift = input (1, "[Link]", [Link], 0.01, 300, 0.01)
fn = input ([Link], "[Link]", input.string_selection,
[Link])
input_group {
"[Link] line",
upper_line_visible = input { default = true, type = input.plot_visibility },
upper_line_color = input { default = "#ff0000", type = [Link] },
upper_line_width = input { default = 1, type = input.line_width }
}
input_group {
"[Link] line",
middle_line_visible = input { default = true, type = input.plot_visibility },
middle_line_color = input { default = #ffffff, type = [Link] },
middle_line_width = input { default = 1, type = input.line_width }
}
input_group {
"[Link] line",
lower_line_visible = input { default = true, type = input.plot_visibility },
lower_line_color = input { default = "#00FF00", type = [Link] },
lower_line_width = input { default = 1, type = input.line_width }
}
input_group {
"[Link]",
fill_visible = input { default = true, type = input.plot_visibility },
fill_color = input { default = rgba(33,177,144,0.08), type = [Link] },
}
local averageFunction = averages [fn]
middle = averageFunction (hlc3, period)
offset = rma(tr, period) * shift
upper = middle + offset
lower = middle - offset
if fill_visible then
fill { first = upper, second = lower, color = fill_color }
end
if upper_line_visible then
plot (upper, "Upper", upper_line_color, upper_line_width)
end
if lower_line_visible then
plot (lower, "Lower", lower_line_color, lower_line_width)
end
if middle_line_visible then
plot (middle, "Middle", middle_line_color, middle_line_width)
end

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