Double Bollinger BandThe double bollinger band indicator uses a normal bollinger band with a multitude of 2 and on outer band with a multitude of 3. The indicator shows momentum by the price being stuck between the higher or lower bands. If price is in the middle then it is a neutral zone. The band's moving average is a default of 20 sma but included there are two extra simple moving averages just as extra indicators. This is my first published code and the code is messy; however, it gets the job done nice and simple. (:
Enjoy!
Doublebollingerband
Double & Triple Bollinger Bands by Atilla YurtsevenThere are many traders use Bollinger Bands . The defaults are 20 SMA ( simple moving average ) with 2 deviation and you can use only single and customizable deviation. I have decided to release an advanced version of Bollinger Bands .
Most traders use Double Bollinger Bands strategy. However, it's not enough either. We sometimes need more than that. You can still use a single one by disabling the rest. Also what if you would like to use WMA instead of SMA? Now you can even choose your favorite moving average.
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FYI: This is not financial advice
Trade safe,
Atilla Yurtseven
