PROTECTED SOURCE SCRIPT
Bollinger Bands Escape
This calculates how many BB bounds are the price action violating. It calculates the BB of the close but looks at the violation of the wicks.
the BB included are estimates for (on 30min timefram and 40 length)
1- 1hr
2- 2hr
3- 3hr
4- 4hr
5- 6hr
6- 12hr
7- Daily
8- 2Daily
9- 3Daily
Standard dev. = 2
- obvsly feel free to change the time frame setting of the indicator to get a multiplication of the time frames.
you can set the alarm by setting bullpower or bear power greater than a certain number of bollinger bands
I use :
bullpower greater than 4 with discription as : BBescape Bull={{plot_0}}
bearpower greater than 4 with discription as : BBescape bearl={{plot_1}}
the BB included are estimates for (on 30min timefram and 40 length)
1- 1hr
2- 2hr
3- 3hr
4- 4hr
5- 6hr
6- 12hr
7- Daily
8- 2Daily
9- 3Daily
Standard dev. = 2
- obvsly feel free to change the time frame setting of the indicator to get a multiplication of the time frames.
you can set the alarm by setting bullpower or bear power greater than a certain number of bollinger bands
I use :
bullpower greater than 4 with discription as : BBescape Bull={{plot_0}}
bearpower greater than 4 with discription as : BBescape bearl={{plot_1}}
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