1. Overview
The TDU Super Bollinger bands is a Bollinger bands on steroids. We took the original Bollinger bands and improved them in any ways. We added trending bars, signal markers, alerts, and clear indications when the bands are contracting or expanding. A must-have for all Bollinger band traders
1.1) Easy to spot if bands are expanding/contracting
We used a red/green color to fill in the background between the upper/lower bands. If the bands are filled with red then this means that the bands are contracting. When the bands are colored green then this means the bands are expanding
1.2) Signal markers and alerts
Signal markers (buy/sell) are drawn on the chart when price enters outside the bands. This is often the start of a strong trend up/down. Alerts can be enabled to be given when a new signal marker is drawn.
1.3) Trending bars
Trending bars are colored blue (uptrend) or magenta(downtrend) which makes it super easy to spot up-down trends
2) 12 different moving average type
The middle line of a Bollinger band is normally a standard moving average. We expanded this so now you can choose from 12 different EMA types
- SMA
- EMA
- DEMA
- HMA
- MAMA
- T3
- TEMA
- TMA
- VOLMA
- VWMA
- WMA
- ZLEMA
- McGinley
3. Custom outer bands
You can define an outer band as shown in the screenshot by defining another standard deviation number. For example, the normal Bollinger band lines show a 2-standard deviation. In our indicator you can for example define an outer band at 2.5 standard deviations and fill it with a color of your choice
4. Bloodhound/Blackbird/Strategy support
The indicator exposes the following plots which can be used in your own strategies
- LongSignal
- ShortSignal
- Upper channel
- Mid channel
- Lower channel
- Upper outerband channel
- Lower outer band channel
5. Key Features
- Easy to spot when bands are expanding or contracting by the colored background
- Outer bands
- Up to 12 different moving average types to choose from
- Signal Markers
- Fill inner bands
- bloodhound/blackbird support
- Alerts
- Trending bars
- Fully Customizable
6. Changelog
28-Dec-2022 v1.0.0.4
- Added outer bands
- added choice for multiple moving averages
12-Dec-2021 v1.0.0.3
- Added bloodhound go long/short signals
6. Media
