OPEN-SOURCE SCRIPT

Bollinger ratio

So this indicator is hybrid of MACD and Bollinger
The aim here is to see where the direction of the Bollinger is going to the zero up or down . if it above the zero line or bellow it
I add bullish area and bearish area by the ratio of donchian channel

Bollinger Bands (BB)

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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