Bollinger Bands with 6 StdDev

Bollinger Bands indicator designed to display six customizable levels of standard deviation around a chosen moving average. The purpose of this indicator is to help traders identify dynamic price levels where the market might find support, resistance, or volatility extremes.

Timeframe: Default is daily, but it can be changed by the user.

Inputs

Length (default 20): The lookback period for calculating the moving average and standard deviation.

MA Type: User can choose between SMA, EMA, SMMA (RMA), WMA, or VWMA to define the Bollinger Band’s central line (basis).

Source: The input price (default is closing price).

Offset: Allows shifting the entire indicator forward or backward on the chart.


Adjustable Standard Deviations

The script allows up to six separate multipliers for the standard deviation:

0.5, 1.0, 1.5, 2.0, 2.5, and 3.0 (all customizable).

This makes the indicator more flexible than standard Bollinger Bands, which usually use just ±2 standard deviations. With multiple levels, traders can observe how price reacts at minor vs. major volatility zones.