OPEN-SOURCE SCRIPT
Bollinger bands % Sideways indicator
Detect sideways markets (green background) vs. trending markets (red background) with this indicator. It makes use of the Bollinger bands % as its base.
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.
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