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Daily Bollinger Bands

Buckbull

Active member
Is there a study that allows you to overlay the Daily Bollinger Bands on a lower time frame chart ? Thanks
 
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.
Ruby:
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));
 
Last edited:

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

Ruby:
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);
 
Daily Bollinger bands in a lower timeframe. The partial code is from ThinkorSwim.
Ruby:
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));
 
Last edited:
Daily Bollinger bands in a lower timeframe. The partial code is from ThinkorSwim.
Ruby:
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/
 
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
 

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