Daily Bollinger Bands

[Buckbull]

Is there a study that allows you to overlay the Daily Bollinger Bands on a lower time frame chart ? Thanks

 

[petergluis]

I create an indicator which can show daily Bollinger Bands in hourly time frame. You can choose aggregation periods to show Bollinger Bands for different timeframes from the indicator properties.

https://imgur.com/Ss7hd4E

input price = FundamentalType.CLOSE;
input aggregationPeriod = AggregationPeriod.DAY;
input displace = 0;
input length = 20;
input Num_Dev_Dn = -2.0;
input Num_Dev_up = 2.0;
input averageType = AverageType.SIMPLE;
input aggregationPeriod1 = AggregationPeriod.HOUR;
input Num_Dev_Dn1 = -2.0;
input Num_Dev_up1 = 2.0;
input length1 = 20;
def sDev = StDev(data = Fundamental(price, period = aggregationPeriod)[-displace], length = length);
plot MidLine = MovingAverage(averageType, Fundamental(price, period = aggregationPeriod), length);
plot LowerBand = MidLine + Num_Dev_Dn * sDev;
plot UpperBand = MidLine + Num_Dev_up * sDev;
LowerBand.SetDefaultColor(GetColor(0));
lowerBand.SetLineWeight(3);
MidLine.SetDefaultColor(GetColor(1));
MidLine.SetLineWeight (3);
UpperBand.SetDefaultColor(GetColor(5));
UpperBand.SetLineWeight(3);
def sDev1 = StDev(data = Fundamental(price, period = aggregationPeriod1)[-displace], length = length1);
plot MidLin1e1 = MovingAverage(averageType, Fundamental(price, period = aggregationPeriod1), length1);
plot LowerBand1 = MidLin1e1 + Num_Dev_Dn1 * sDev;
plot UpperBand1 = MidLin1e1 + Num_Dev_up1 * sDev;

LowerBand1.SetDefaultColor(GetColor(3));
MidLin1e1.SetDefaultColor(GetColor(8));
UpperBand1.SetDefaultColor(GetColor(9));

 

[Buckbull]

@petergluis AWESOME! how do i just have the daily bands in their ? there seem to be 2 sets of bands in there .

 

[Buckbull]

@petergluis forget it got it . Great Study !! btw

 

[petergluis]

Here is an indicator with one daily Bollinger band in a lower timeframe.

input price = FundamentalType.CLOSE;
input aggregationPeriod = AggregationPeriod.DAY;
input displace = 0;
input length = 20;
input Num_Dev_Dn = -2.0;
input Num_Dev_up = 2.0;
input averageType = AverageType.SIMPLE;
def sDev = StDev(data = Fundamental(price, period = aggregationPeriod)[-displace], length = length);
plot MidLine = MovingAverage(averageType, Fundamental(price, period = aggregationPeriod), length);
plot LowerBand = MidLine + Num_Dev_Dn * sDev;
plot UpperBand = MidLine + Num_Dev_up * sDev;
LowerBand.SetDefaultColor(GetColor(0));
lowerBand.SetLineWeight(3);
MidLine.SetDefaultColor(GetColor(1));
MidLine.SetLineWeight (3);
UpperBand.SetDefaultColor(GetColor(5));
UpperBand.SetLineWeight(3);

 

[petergluis]

Daily Bollinger bands in a lower timeframe. The partial code is from ThinkorSwim.

https://imgur.com/mAchE60

https://imgur.com/Ot8CsVm

input price = FundamentalType.CLOSE;
input aggregationPeriod = AggregationPeriod.DAY;
input displace = 0;
input length = 20;
input Num_Dev_Dn = -2.0;
input Num_Dev_up = 2.0;
input averageType = AverageType.SIMPLE;
input price1 = close;
input displace1 = 0;
input length1 = 20;
input Num_Dev_Dn1 = -2.0;
input Num_Dev_up1 = 2.0;
input averageType1 = AverageType.SIMPLE;
def sDev = StDev(data = Fundamental(price, period = aggregationPeriod)[-displace], length = length);
plot MidLine = MovingAverage(averageType, Fundamental(price, period = aggregationPeriod), length);
plot LowerBand = MidLine + Num_Dev_Dn * sDev;
plot UpperBand = MidLine + Num_Dev_up * sDev;
LowerBand.SetDefaultColor(GetColor(0));
lowerBand.SetLineWeight(3);
MidLine.SetDefaultColor(GetColor(1));
MidLine.SetLineWeight (3);
UpperBand.SetDefaultColor(GetColor(5));
UpperBand.SetLineWeight(3);
def sDev1 = stdev(data = price1[-displace1], length = length1);
plot MidLine1 = MovingAverage(averageType1, data = price1[-displace1], length = length1);
plot LowerBand1 = MidLine1 + num_Dev_Dn1 * sDev1;
plot UpperBand1 = MidLine1 + num_Dev_Up1 * sDev1;
LowerBand1.SetDefaultColor(GetColor(0));
MidLine1.SetDefaultColor(GetColor(1));
UpperBand1.SetDefaultColor(GetColor(5));

 

[petergluis]

Daily Bollinger bands in a lower timeframe. The partial code is from ThinkorSwim.

https://imgur.com/mAchE60

https://imgur.com/Ot8CsVm

input price = FundamentalType.CLOSE;
input aggregationPeriod = AggregationPeriod.DAY;
input displace = 0;
input length = 20;
input Num_Dev_Dn = -2.0;
input Num_Dev_up = 2.0;
input averageType = AverageType.SIMPLE;
input price1 = close;
input displace1 = 0;
input length1 = 20;
input Num_Dev_Dn1 = -2.0;
input Num_Dev_up1 = 2.0;
input averageType1 = AverageType.SIMPLE;
def sDev = StDev(data = Fundamental(price, period = aggregationPeriod)[-displace], length = length);
plot MidLine = MovingAverage(averageType, Fundamental(price, period = aggregationPeriod), length);
plot LowerBand = MidLine + Num_Dev_Dn * sDev;
plot UpperBand = MidLine + Num_Dev_up * sDev;
LowerBand.SetDefaultColor(GetColor(0));
lowerBand.SetLineWeight(3);
MidLine.SetDefaultColor(GetColor(1));
MidLine.SetLineWeight (3);
UpperBand.SetDefaultColor(GetColor(5));
UpperBand.SetLineWeight(3);
def sDev1 = stdev(data = price1[-displace1], length = length1);
plot MidLine1 = MovingAverage(averageType1, data = price1[-displace1], length = length1);
plot LowerBand1 = MidLine1 + num_Dev_Dn1 * sDev1;
plot UpperBand1 = MidLine1 + num_Dev_Up1 * sDev1;
LowerBand1.SetDefaultColor(GetColor(0));
MidLine1.SetDefaultColor(GetColor(1));
UpperBand1.SetDefaultColor(GetColor(5));

https://www.tradingview.com/script/...-Identify-Overbought-Oversold-Multitimeframe/

 

[Buckbull]

https://www.tradingview.com/script/...-Identify-Overbought-Oversold-Multitimeframe/

I used your study on $DIS yesterday bouncing off center band, Scalped it . Love the study !! Thanks again .

 

[petergluis]

I used your study on $DIS yesterday bouncing off center band, Scalped it . Love the study !! Thanks again .

It is good to learn that you can use my indicator to make money.

 

[Futures_Beginner]

It is good to learn that you can use my indicator to make money.

This is awesome work bro.

however this does not work for lower timeframe....i.e. when I try to plot 3 minutes BB on 5 minutes charges it does not work. 5 min BB on a 3 min chart works.

Can you help tweak this?

 

[MerryDay]

This is awesome work bro.

however this does not work for lower timeframe....i.e. when I try to plot 3 minutes BB on 5 minutes charges it does not work. 5 min BB on a 3 min chart works.

Can you help tweak this?

A common error when using MTF indicators is trying to use a time frame that is lower than the chart you are posting it on.
On the TOS platform, you can display data from a higher timeframe onto a lower timeframe but not the other way around.

As such, you can overlay 5 min BB on a 3 min but how cannot use 3 minutes BB on 5 minutes chart.
https://tlc.thinkorswim.com/center/...hapter-11---Referencing-Secondary-Aggregation