PROTECTED SOURCE SCRIPT
Candle-BB-Moves

Today I propose a simple indicator to get an idea of market sentiment
Color distinctions are as follows
-White background = Bollinger Band Squeezed
-Purple columns = Total candle length wick to wick
-Lime columns = Green candle body length
-Red columns = Red candle body length
-Yellow columns = Wick to wick size higher than the previous candle by defined %, this si changeable in setting, default value 1.5%
-Lime "-" = Price above Bollinger Band basis
-Red "-" = Price bellow Bollinger Band basis
-Lime "_" = Price above Bollinger Band upper level
-Red "_" = Price below Bollinger Band lower level
As one can tell, this indicator is good at identifying trending and squeezed areas of price action. It can also give you early hint at unusual price movements and if you can get this bias then it is easier to take trade

Please note that this indicator is not meant to trade independently and would work best with combinations of S/R.
Past performance does not indicate future success, this is meant to be an educational purpose only and the author takes no responsibility of your profit or loss.
Color distinctions are as follows
-White background = Bollinger Band Squeezed
-Purple columns = Total candle length wick to wick
-Lime columns = Green candle body length
-Red columns = Red candle body length
-Yellow columns = Wick to wick size higher than the previous candle by defined %, this si changeable in setting, default value 1.5%
-Lime "-" = Price above Bollinger Band basis
-Red "-" = Price bellow Bollinger Band basis
-Lime "_" = Price above Bollinger Band upper level
-Red "_" = Price below Bollinger Band lower level
As one can tell, this indicator is good at identifying trending and squeezed areas of price action. It can also give you early hint at unusual price movements and if you can get this bias then it is easier to take trade
Please note that this indicator is not meant to trade independently and would work best with combinations of S/R.
Past performance does not indicate future success, this is meant to be an educational purpose only and the author takes no responsibility of your profit or loss.
Geschütztes Skript
Dieses Script ist als Closed-Source veröffentlicht. Sie können es kostenlos und ohne Einschränkungen verwenden – erfahren Sie hier mehr.
“There are those who think they are studying the market—when all they are doing is studying what someone has said about the market . . . not what the market has said about itself.”
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Geschütztes Skript
Dieses Script ist als Closed-Source veröffentlicht. Sie können es kostenlos und ohne Einschränkungen verwenden – erfahren Sie hier mehr.
“There are those who think they are studying the market—when all they are doing is studying what someone has said about the market . . . not what the market has said about itself.”
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.