This indicator plots 9 upper and lower lines with increasing length. Lines are 0.618 upper and lower level of Bollinger band.
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Added bull / bear breakout with alert. When volume is higher then volume ma and price crosses Bollinger band ribbon indicator plots Bull or Bear sign. You can set alert for breakout.
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Added alert for when price is outside BB ribbon.
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Corrected alert bug
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Added tow other lines with length 200 For details visit our web site. Link in profile bio.
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Added basis line with changeable length Code optimized
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Added setting for BB 10 color change and changed color to yellow Added BB 10 upper and lower 100 value with auto color change red = bearish, green =bullish.
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Added alert for bullish / bearish color change
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Added alert for price exiting middle channel
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Changed color and added transparency option
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Added length settings change "New settings enabled" it changes BB length to 30 ....360
Appreciate the author work! I spend 2 day learning PineScript to do the same and for my shame it is not easy. It is visible and algorith works perfect. Open code helped me to change timeframe for my needs. Question: 1. why you prefer to off the middle line? 2. Is it possible to do the same for MACD the same visible on one chart?
cryptohrv
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@JasonKahera, 1. I off middle line so there isn't to much things on chart 2. Contact me on private massage and we will try to work on MACD