• TODAY ONLY: take $50 off VIP membership with code MONDAY50.

BBTrend Indicator

rbark3r

New member
VIP
Has anyone ever used this indicator?

Was looking through TOS and couldnt find it or anything similar.

Was just wondering if anyone had any experience with it?
 

newrulez

New member
Has anyone ever used this indicator?

Was looking through TOS and couldnt find it or anything similar.

Was just wondering if anyone had any experience with it?
Here you go.

Code:
# 2021.03.01 V1.0 @Newrulez Initial Port Release
#                 Request @rbark3r
#BBTrend Indicator
#
#
#LINK
# https://www.tradingview.com/script/7nDSiWoZ-BBTrend/
#
#USAGE
#

declare lower;
input price = close;
input showSqueeze=yes;
input displace = 0;
input length = 20;
input slowlength = 50;
input signallength=9;
input Num_Dev_Dn = -2.0;
input Num_Dev_up = 2.0;
input averageType = AverageType.Simple;

def sDev = stdev(data = price[-displace], length = length);
def sDevslow = stdev(data = price[-displace], length = slowlength);
def MidLine = MovingAverage(averageType, data = price[-displace], length = length);
def LowerBand = MidLine + num_Dev_Dn*sDev ;
def UpperBand = MidLine + num_Dev_Up*sDev ;

def MidBB = MovingAverage(averageType, data = price[-displace], length = slowlength);
def LowerBB = MidBB + num_Dev_Dn*sDevslow;
def UpperBB = MidBB + num_Dev_Up *sDevslow;

def Lower = AbsValue(lowerBand - lowerBB);
def Upper = AbsValue(upperBand - upperBB);
plot BBTrend = (lower -upper)/midline  ;
BBTrend.SetDefaultColor(GetColor(1));

BBTrend.SetDefaultColor(GetColor(5));
BBTrend.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
BBTrend.SetLineWeight(3);
BBTrend.DefineColor("Positive and Up", Color.GREEN);
BBTrend.DefineColor("Positive and Down", Color.DARK_GREEN);
BBTrend.DefineColor("Negative and Down", Color.RED);
BBTrend.DefineColor("Negative and Up", Color.DARK_RED);
BBTrend.AssignValueColor(if BBTrend >= 0 then if BBTrend > BBTrend[1] then BBTrend.color("Positive and Up") else BBTrend.color("Positive and Down") else if BBTrend < BBTrend[1] then BBTrend.color("Negative and Down") else BBTrend.color("Negative and Up"));
plot signal=MovingAverage(averageType, data = BBtrend, signallength);

#Add Squeeze
# show squeeze dots on zero line
def squeezeLevel =
  if TTM_Squeeze(nK=1.0).SqueezeAlert == 0 then 3
  else if TTM_Squeeze(nK=1.5).SqueezeAlert == 0 then 2
  else if TTM_Squeeze(nK=2.0).SqueezeAlert == 0 then 1
  else 0
;

plot Squeeze = if !showSqueeze then Double.NaN else 0;
Squeeze.SetPaintingStrategy(PaintingStrategy.POINTS);
Squeeze.SetDefaultColor(Color.GRAY);
Squeeze.DefineColor("Loose Squeeze", Color.BLACK);
Squeeze.DefineColor("Squeeze", Color.RED);
Squeeze.DefineColor("Tight Squeeze", Color.YELLOW);
Squeeze.DefineColor("No Squeeze", Color.GRAY);
Squeeze.AssignValueColor(
  if squeezeLevel == 3 then Squeeze.Color("Tight Squeeze")
  else if squeezeLevel == 2 then Squeeze.Color("Squeeze")
  else if squeezeLevel == 1 then Squeeze.Color("Loose Squeeze")
  else Squeeze.Color("No Squeeze")
);
#End Squeeze
 
Last edited:

MerryDay

Administrative
Staff member
Staff
VIP
@newrulez Your script has an error. Could you edit your first post w/ the corrected script?
YJ9uPwR.png
 

Similar threads

Top