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Sideways detection bollinger bands

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Sideways detection indicator using Bollinger bands .

In this case we take the original ratio between lower and upper and we smooth it even harder in order to get a better idea about the accuracy of the trend.

If the initial ratio is not between 0 and 1 and the smooth ratio is higher than our selected value, we get an idea if we are a in trending market or not.

Of course using it as a standalone has no usage, and it has to be combined with other tools like moving average, oscillators and so on.


IF you have any questions let me know

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.