Bollinger Clouds

This indicator plots Bollinger Bands for your current timeframe (e.g 5 minutes) and also plots the Bollinger Bands for a higher timeframe (15 minutes for 5 minute timeframe). Then the gaps between the current and higher timeframe upper and lower bands is filled to create clouds which can be used as entry zones. Like Bollinger Bands, this indicator shouldn't be solely used for entries, use it in conjunction with other indicators.

Bollinger Band Timeframes

Current / Higher
1 minute / 5 minutes
3 minutes / 10 minutes
5 minutes / 15 minutes
10 minutes / 30 minutes
15 minutes / 1 hour
30 minutes / 2 hours
45 minutes / 1.5 hours
1 hour / 4 hours
2 hours / 8 hours
2.5 hours / 10 hours
4 hours / 1 Day
1 Day / 3 Days
3 Days / 9 Days
5 Days / 2 Weeks
1 Week / 1 Month

Versionshinweise:

Changes
- Changed lengthLonger to an integer instead of and input integer
- Updated Comment "Longer Timeframe" > "Higher Timeframe"
- Updated chart as original had additional indicators

Versionshinweise:

- Changed some variable names
- Increased transparency on clouds

New Features
- Added a higher timeframe cloud (see new timeframes below)

Current / Higher / Highest
1 minute / 5 minutes / 15 minutes
3 minutes / 10 minutes / 40 Minutes
5 minutes / 15 minutes / 1 hour
10 minutes / 30 minutes / 2 hours
15 minutes / 1 hour / 3 hours
30 minutes / 2 hours / 6 hours
45 minutes / 3 hours / 9 hours
1 hour / 4 hours / 16 hours
2 hours / 8 hours / 32 hours
2.5 hours / 10 hours / 40 hours
4 hours / 1 day / 3 days
1 day / 3 days / 9 days
3 days / 9 days / 27 days
5 ways / 2 weeks / 8 weeks
1 Week / 1 Month

Versionshinweise:

- Used less cluttered chart