Multiple Deviation Bollinger Bands

[Apprentice]

Multiple Deviation Bollinger Bands.lua

(4.2 KiB) Downloaded 801 times

The indicator was revised and updated

[speakinmymind]

Could you please add a number to the right of each line as an identifier?

Basically each line would have two numbers because the lines should be numbered 1 through 40 going down, and then 1 through 40 going up. So they would look like this:
line 1 1 40
line 2 2 39
line 3 3 38
.....................

Thank you!

[speakinmymind]

On second thought, could you just put the deviation value and price next to each line?

[Apprentice]

Show Labels parameter option Added.

[speakinmymind]

Can you create an alert/alarm for touch/cross of each line? Thanks

[Apprentice]

Your request is added to the development list.

[speakinmymind]

Could you please create a strategy for this?

Enter short when price hits a line above

Enter long when price hits a line below

User defined stops. Thank you.

[Apprentice]

Curiosity, why do you need Multiple Deviation Bollinger Bands.
Would regular Bollinger Bands strategy suffice.

[speakinmymind]

The multiple bollinger bands are needed because my strategy uses a very large moving average and the deviations of that moving average are entry points.

Thanks!

[Apprentice]

U can set any Period Deviation for Bollinger Band Indicator .