Double Bollinger Bands MTF and Price projection

٢١ مارس

I did this script because I wanted to project prices over future bars quickly because I am a options trader.

Options:

Time frame: Default is Chart
Some times I prefer using 15 m with period 200 on a daily chart in a fast moving market. But you can chose what suites you

BB inner deviation 1 is default
When BB inner deviation=1 the outer will be 2X if its 0.5 outer will be 1

Moving Average type : Default EMA

Project next bar in label Default is off
This will calculate a linear projection of price of each band for the number of bars requested and print them in the label. It does not plot the future values

Using: in a trending market the prices will be generally be between band1 and band 2
and other times between -band1 and +band1. The projection can assist in optimal option strategy. Also in a fast moving market I would use 10 period ema for accurate price projections and others 20

٢٥ مارس

ملاحظات الأخبار

I did this script because I wanted to project prices over future bars quickly because I am a options trader.

Options:

Time frame: Default is Chart
Some times I prefer using 15 m with period 200 on a daily chart in a fast moving market. But you can chose what suites you

BB inner deviation 1 is default
When BB inner deviation=1 the outer will be 2X if its 0.5 outer will be 1

Moving Average type : Default EMA

Project next bar in label Default is off
This will calculate a linear projection of price of each band for the number of bars requested and print them in the label. It does not plot the future values

Using: in a trending market the prices will be generally be between band1 and band 2
and other times between -band1 and +band1. The projection can assist in optimal option strategy. Also in a fast moving market I would use 10 period ema for accurate price projections and others 20

It now prints dots at projected bars and price for visuals