Bollinger Bands V2 [Super Trend] — Indicator by NomadandTrader

french france bollingerbands color v2 supertrend atrs trend accelaration accumulation

################################## Anglais ######################################

With the News Bollinger Bands V2 , you can choose the source of the color (Color with Price or Color with the Super Trend ATR).

You can also view the Super Trend on the chart and the configure.

this allows you to quickly identify trends and the acceleration phase and accumulation

Sorry for my basic English

//J.Dow

################################## Français ######################################

Avec les Nouvelles Bollinger Bands V2 , vous pouvez choisir la source de la couleur ( couleur avec le prix ou la couleur avec le Super Tendance ATR ) .

Vous pouvez aussi consulter le Super Tendance sur le graphique et le configure.

cela vous permet d'identifier rapidement les tendances et la phase d'accélération et d'accumulation

//J.Dow

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

//Crée par J.Dow
//Bollinger Band Color + Super Trend
//Version V2
study(shorttitle="Bollinger Bands V2 [Super Trend]", title="Bollinger Bands V2 [Super Trend]", overlay=true)
 
//########################## Parametre  ########################################
src = input(defval=close, title="Source")
length = input(defval=20, minval=1, title ="Boullinger Bands")
mult = input(defval=2.0, minval=0.001, maxval=50)

souc = input(title="Color of the BB with Super Trend", type=bool, defval=false)
Factor=input(title="Super Trend", defval=4, minval=1,maxval = 100)
ATR=input(title="ATR", defval=12, minval=1,maxval = 100)
spt = input(title="View Super Trend on chart", type=bool, defval=false)


//######################## Bollinger Bands #####################################

basis = sma(src, length)
dev = mult * stdev(src, length)
upper = basis + dev
lower = basis - dev

//########################## Super Trend #######################################

Up=hl2-(Factor*atr(ATR))
Dn=hl2+(Factor*atr(ATR))
TUp=src[1]>TUp[1]? max(Up,TUp[1]) : Up
TDown=src[1]<TDown[1]? min(Dn,TDown[1]) : Dn
Trend = src > TDown[1] ? 1: src < TUp[1]? -1: nz(Trend[1],1)
Tsl = Trend==1? TUp: TDown
TslView = spt == true ? Tsl : false
//############################# couleur ##########################################

linecolorATR = Trend == 1 ? green : red
linecolorPrice = src >= basis ? green : red
linecolor = souc == true ? linecolorATR : linecolorPrice

//########################### Affichage ########################################

plot(TslView, color = linecolorATR , style = line , linewidth = 2, title = "SuperTrend")
plot(basis, color=red, transp=75, title="Moving Average")
p1 = plot(upper, color=linecolor, transp=35, title="high band")
p2 = plot(lower, color=linecolor, transp=35, title="Low band")
fill(p1, p2, color=linecolor, transp=95, title="background")