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Madrid Bollinger Bands SD

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This study tracks where the 5MA is relative to the Bollinger Bands
Bollinger Bands are segmented in four parts, +/- 2 stdDev and +/- 1 stdDev
+/- 1 : first StdDev Band
+/- 4 : Second StdDev Band
+/- 9 : Overbought / Oversold (Beyond 2nd SD Band)

This study is used to reduce the clutter on the screen. Instead of displaying the whole band, it displays a map that shows on which band the price is located. And provides at a glance the strength of the trend.
Nota Keluaran
This is an recompiled Bollinger Bands SD version for Pinescript 3.0

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.