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Trendy Bands + Reversal Signals

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Trendy Bands + Reversal Signals

This is a versatile and powerful TradingView indicator that combines a dual Bollinger Bands system with momentum-based reversal signals. It's designed to help traders identify the prevailing trend, potential volatility expansions/contractions, and key reversal points in the market.

Core Concept: The indicator uses two sets of Bollinger Bands with different standard deviation settings to create a "band within a band" structure. This visual setup makes it easier to gauge trend strength and spot potential breakouts or breakdowns. Additionally, it calculates a custom momentum oscillator to generate early warnings for potential trend reversals.

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