Combined 3 x Bollinger Bands With BUY & SELL zones
EMA,
Wma
SMA
Multiplier adjustment
EMA,
Wma
SMA
Multiplier adjustment
study(shorttitle="Vdub_BinaryBands_v1", title="Vdub_BinaryBands_v1", overlay=true) //-----------------BB 1 ema------------------------------------------ length = input(21, minval=1) src = input(close, title="Source") mult = input(2.0, minval=0.001, maxval=50) basis = ema(src, length) dev = mult * stdev(src, length) upper = basis + dev lower = basis - dev plot(basis, color=red, style=line,linewidth=2, title="ema Base 1") p1 = plot(upper, color=blue, style=line,linewidth=1, title="ema hi") p2 = plot(lower, color=blue, style=line,linewidth=1, title="ema low") fill(p1, p2, color=blue, transp=85, title="ema bg 1") //-----------------BB 2 wma------------------------------------------- length2 = input(21) src2 = input(close, title="Source") mult2 = input(2.0, minval=0.001, maxval=50) basis2 = wma(src, length) dev2 = mult2 * stdev(src2, length2) upper2 = basis2 + dev2 lower2 = basis2 - dev2 plot(basis2, color=maroon, style=line,linewidth=2, title="wma Base 2") p12 = plot(upper2, color=green, style=line,linewidth=1, title="wma hi") p22 = plot(lower2, color=green, style=line,linewidth=1, title="wma low") fill(p12, p22, color=blue, transp=90, title="wma bg 2") //-----------------BB 3 sma----------------------------------------- length3 = input(21, minval=1) src3 = input(close, title="Source") mult3 = input(2.0, minval=0.001, maxval=50) basis3 = sma(src, length3) dev3 = mult3 * stdev(src3, length3) upper3 = basis3 + dev3 lower3 = basis3 - dev3 plot(basis3, color=red, style=line,linewidth=2, title="sma Base 3") p13 = plot(upper3, color=black, style=line,linewidth=1, title="sma hi") p23 = plot(lower3, color=black, style=line,linewidth=1, title="sma low") fill(p13, p23, color=black, transp=85, title="sma bg 3") //------------------------------------------------------------------// fill(p1, p12, color=red, transp=50, title="sell bg") fill(p2, p22, color=lime, transp=50, title="Buy bg")