Bollinger Aurora Velocity [Pineify]Pineify - Bollinger Aurora Velocity
The Bollinger Aurora Velocity is an enhanced volatility and trend analysis indicator that transforms the classic Bollinger Bands into a visually stunning, multi-dimensional trading tool. By combining standard deviation bands with historical extreme tracking and dynamic momentum coloring, this indicator provides traders with deeper insights into volatility cycles, squeeze conditions, and trend strength all in one overlay.
Key Features
Classic Bollinger Bands with customizable period and standard deviation multiplier
Nebula Memory Cloud tracking historical band extremes for volatility context
Volatility Squeeze Detection with visual dot indicators on the basis line
Gradient-based candle coloring reflecting normalized price position
Multi-layer aurora gradient fills for intuitive visual analysis
How It Works
The indicator begins with a standard Bollinger Bands calculation using a simple moving average as the basis line, with upper and lower bands placed at a user-defined multiple of standard deviation. This core structure measures price volatility and identifies overbought/oversold conditions.
The Nebula Memory Cloud extends beyond traditional bands by tracking the highest point of the upper band and lowest point of the lower band over a configurable lookback period. This creates an outer envelope showing the maximum volatility expansion in recent history.
Trading Ideas and Insights
The Volatility Squeeze is a powerful concept where contracting Bollinger Bands often precede significant price breakouts. This indicator detects squeezes by comparing the current band width to its 100-period simple moving average. When the current range falls below this average, yellow dots appear on the basis line, alerting traders to potential explosive moves ahead.
When squeeze dots appear and the outer nebula cloud shows significant distance from the current bands, it suggests volatility is at a historical low relative to recent extremes—a setup often followed by strong directional moves.
How Multiple Indicators Work Together
Bollinger Bands establish the primary volatility envelope and mean-reversion zones
The Nebula Cloud provides historical context, showing how current volatility compares to recent extremes
Squeeze Detection identifies compression phases using relative bandwidth analysis
Normalized Scoring translates price position into a 0-100 scale for gradient coloring
Unique Aspects
Unlike standard Bollinger Bands indicators, the Aurora Velocity creates a heat-map effect on price bars. The normalized score calculates where price sits within the bands as a percentage, then applies a smooth gradient from bearish to bullish colors. This allows traders to instantly perceive momentum strength—saturated bullish colors near the upper band indicate strong upward pressure, while saturated bearish colors near the lower band signal selling dominance.
The aurora-style gradient fills between band layers create visual depth, making it easy to distinguish the core volatility zone from the historical extreme boundaries.
How to Use
Monitor candle colors for momentum direction—bright green indicates bullish positioning, bright red signals bearish pressure
Watch for yellow squeeze dots on the basis line as early warning for potential breakouts
Use the outer nebula cloud to assess if current volatility is testing historical extremes
Set alerts for price breakouts above the upper band or below the lower band
Combine squeeze conditions with the nebula cloud width to gauge breakout potential
Customization
Base Period - Controls Bollinger Bands calculation length (default: 20)
Standard Deviation Multiplier - Adjusts band width from the basis (default: 2.0)
Price Source - Select the price input for calculations (default: close)
Nebula Memory Length - Lookback period for tracking historical extremes (default: 50)
Color Settings - Customize bullish and bearish gradient colors
Conclusion
The Bollinger Aurora Velocity elevates traditional Bollinger Bands analysis by adding historical volatility context through the Nebula Cloud, precise squeeze detection for breakout anticipation, and intuitive momentum visualization through gradient candle coloring. This combination helps traders identify not just where price is relative to volatility bands, but how that volatility compares to recent history and when compression may lead to expansion.
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