OPEN-SOURCE SCRIPT
Bollinger Bands Fibonacci Ratio Standard Deviation LINES
Updated
Hello Traders.
in this script, Bollinger bands are made based on a standard deviation with respect to Fibonacci ratios. I hope you can be satisfied. If you are satisfied with this script, please like and feel free to share your comments with me.
Teal Upper and Lower B-Bands = 1.0 Standard Deviation
Aqua Upper and Lower B-Bands = 1.618 Standard Deviation
Orange Upper and Lower B-Bands = 2.618 Standard Deviation
Red Upper and Lower B-Bands = 3.618 Standard Deviation
Purple Upper and Lower B-Bands = 4.236 Standard Deviation
you can use this indicator by clicking the button (Add to Favorite Scripts) and then add it to your chart from (Fx) section.
in this script, Bollinger bands are made based on a standard deviation with respect to Fibonacci ratios. I hope you can be satisfied. If you are satisfied with this script, please like and feel free to share your comments with me.
Teal Upper and Lower B-Bands = 1.0 Standard Deviation
Aqua Upper and Lower B-Bands = 1.618 Standard Deviation
Orange Upper and Lower B-Bands = 2.618 Standard Deviation
Red Upper and Lower B-Bands = 3.618 Standard Deviation
Purple Upper and Lower B-Bands = 4.236 Standard Deviation
you can use this indicator by clicking the button (Add to Favorite Scripts) and then add it to your chart from (Fx) section.
Release Notes
Thanks for the tip from fareidzulkifli, the script has been updated with new changes
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.