Sri - Bollinger Bands CTF (Custom Time Frame)

Sri - Bollinger Bands CTF (Custom Time Frame)

📊 Overview:
The Sri - Bollinger Bands CTF indicator brings the power of multi-timeframe (MTF) analysis to classic Bollinger Bands, allowing traders to visualize volatility and price deviation from any higher or custom timeframe directly on their active chart.

⚙️ Key Features:

Custom Timeframe (CTF):
View Bollinger Bands calculated from any timeframe (e.g., Daily on a 1H chart).

Multiple MA Options:
Choose between SMA, EMA, SMMA (RMA), WMA, or VWMA as the Bollinger basis.

Adjustable Parameters:
Fine-tune length, standard deviation multiplier, and offset for your trading style.

Clear Visualization:
Colored bands with smooth shading help you instantly spot volatility expansions and contractions.

📈 Trading Insights:

Upper Band (Red): Price reaching or closing above this may signal overbought conditions or strong upward momentum.

Lower Band (Green): Price touching or closing below this often indicates oversold conditions or potential reversal zones.

Basis Line (Blue): Represents the moving average core — acts as a mean reversion level and short-term trend guide.

🧩 How to Use:

Apply the script to your chart.

Choose your Custom Timeframe (e.g., 1D, 4H, 15M) to overlay higher timeframe Bollinger Bands.

Combine with other Sri indicators or momentum signals for confluence.