Hi, i would like to share this bollinger bands indicator for those who like to trade with them. I particularly like the stats. It could be used in different ways. To scalp around div 3, trend and or trade breakouts when price stays around the upper or lower div bands, ...
Idk if its possible to convert it to mt4 but i think it would look great and help.
Code: Select all
//@version=5
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/// © PlusUltraTrading
indicator(title='Bollinger Bands assumption percentige Mod', overlay=true)
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
/////////////////////////////////////////--------------------- BaseLine --------------------///////////////////////////////////////
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
BaseLine_show = input(defval=true, title='Show BaseLine + Bands', group='══════════════════ BaseLine ══════════════════')
BaseLine_Type = input.string(defval='SMA | Simple MA', title='Type', options=['SMA | Simple MA', 'SMMA | Smoothed MA'], group='══════════════════ BaseLine ══════════════════', inline='BaseLine')
BaseLine_Length = input.int(defval=34, minval=1, title='Length', group='══════════════════ BaseLine ══════════════════', inline='BaseLine')
BaseLine_Source = input.source(defval=close, title='Source', group='══════════════════ BaseLine ══════════════════', inline='BaseLine')
mult1 = input.float(defval=1.0, minval=0.001, maxval=50, title='Mult', inline='mult1', group='══════════════════ BaseLine ══════════════════')
mult2 = input.float(defval=1.0, minval=0.001, maxval=50, title='Mult', inline='mult2', group='══════════════════ BaseLine ══════════════════')
mult3 = input.float(defval=3.0, minval=0.001, maxval=50, title='Mult', inline='mult3', group='══════════════════ BaseLine ══════════════════')
upperbase_colbull = input.color(defval=color.new(#434651, 0), title='U|Base Bull', inline='BaseLine Style', group='══════════════════ BaseLine ══════════════════')
upperbase_colbear = input.color(defval=color.new(#2a2e39, 0), title='U|Base Bear', inline='BaseLine Style', group='══════════════════ BaseLine ══════════════════')
lowerbase_colbull = input.color(defval=color.new(#434651, 0), title='L|Base Bull', inline='BaseLine Style', group='══════════════════ BaseLine ══════════════════')
lowerbase_colbear = input.color(defval=color.new(#2a2e39, 0), title='L|Base Bear', inline='BaseLine Style', group='══════════════════ BaseLine ══════════════════')
upper1_colbull = input.color(defval=color.new(#009f6a,0), title='U|Bull', inline='mult1', group='══════════════════ BaseLine ══════════════════')
upper1_colbear = input.color(defval=color.new(#005d3e,0), title='U|Bear', inline='mult1', group='══════════════════ BaseLine ══════════════════')
lower1_colbull = input.color(defval=color.new(#64005e,0), title='L|Bull', inline='mult1', group='══════════════════ BaseLine ══════════════════')
lower1_colbear = input.color(defval=color.new(#9e0095,0), title='L|Bear', inline='mult1', group='══════════════════ BaseLine ══════════════════')
upper2_colbull = input.color(defval=color.new(#00ffa9,0), title='L|Bull', inline='mult2', group='══════════════════ BaseLine ══════════════════')
upper2_colbear = input.color(defval=color.new(#009f6a,0), title='L|Bear', inline='mult2', group='══════════════════ BaseLine ══════════════════')
lower2_colbull = input.color(defval=color.new(#9e0095,0), title='L|Bull', inline='mult2', group='══════════════════ BaseLine ══════════════════')
lower2_colbear = input.color(defval=color.new(#ff00d7,0), title='L|Bear', inline='mult2', group='══════════════════ BaseLine ══════════════════')
upper3_colbull = input.color(defval=color.new(#ffbe1d,0), title='L|Bull', inline='mult3', group='══════════════════ BaseLine ══════════════════')
upper3_colbear = input.color(defval=color.new(#ffbe1d,33), title='L|Bear', inline='mult3', group='══════════════════ BaseLine ══════════════════')
lower3_colbull = input.color(defval=color.new(#f7525f,33), title='L|Bull', inline='mult3', group='══════════════════ BaseLine ══════════════════')
lower3_colbear = input.color(defval=color.new(#f7525f,0), title='L|Bear', inline='mult3', group='══════════════════ BaseLine ══════════════════')
//multiplier1_LineWidth = input.int(defval=2, title='L', inline='mult1', group='══════════════════ BaseLine ══════════════════')//
//multiplier2_LineWidth = input.int(defval=2, title='L', inline='mult2', group='══════════════════ BaseLine ══════════════════')//
//multiplier3_LineWidth = input.int(defval=2, title='L', inline='mult3', group='══════════════════ BaseLine ══════════════════')//
ma_Type(_type, _src, _len) =>
float baseline = 0.0
if _type == 'SMA | Simple MA'
baseline := ta.sma(_src, _len)
else if _type == 'SMMA | Smoothed MA'
w = ta.wma(_src, _len)
baseline := na(w[1]) ? ta.sma(_src, _len) : (w[1] * (_len - 1) + _src) / _len
basis = ma_Type(BaseLine_Type, BaseLine_Source, BaseLine_Length)
upper1 = basis + mult1 * ta.stdev(BaseLine_Source, BaseLine_Length)
lower1 = basis - mult1 * ta.stdev(BaseLine_Source, BaseLine_Length)
upper2 = basis + mult2 * ta.stdev(BaseLine_Source, BaseLine_Length)
lower2 = basis - mult2 * ta.stdev(BaseLine_Source, BaseLine_Length)
upper3 = basis + mult3 * ta.stdev(BaseLine_Source, BaseLine_Length)
lower3 = basis - mult3 * ta.stdev(BaseLine_Source, BaseLine_Length)
plot_basis = plot(BaseLine_show ? basis : na, title='BaseLine', color=upperbase_colbull)
plot_upper1 = plot(BaseLine_show ? upper1 : na, title='Upper 1', color=upper1_colbull)
plot_lower1 = plot(BaseLine_show ? lower1 : na, title='Lower 1', color=lower1_colbear)
plot_upper2 = plot(BaseLine_show ? upper2 : na, title='Upper 2', color=upper2_colbull)
plot_lower2 = plot(BaseLine_show ? lower2 : na, title='Lower 2', color=lower2_colbear)
plot_upper3 = plot(BaseLine_show ? upper3 : na, title='Upper 3', color=upper3_colbull)
plot_lower3 = plot(BaseLine_show ? lower3 : na, title='Lower 3', color=lower3_colbear)
///////////////////////////////////////--------------------- BB STD Bar coloring ------------------/////////////////////////////////////////
BBSTD_showbarcolor = input(defval=true, title='Color Bars/Candles based on STD Value', group='══════════════════ BaseLine ══════════════════')
cond1bear = close>basis and close<upper1 and open > close
cond1bull = close>basis and close<upper1 and close > open
cond2bear = close>basis and close>upper1 and close<upper2 and open > close
cond2bull = close>basis and close>upper1 and close<upper2 and close > open
cond3bear = close>basis and close>upper1 and close>upper2 and close<upper3 and open > close
cond3bull = close>basis and close>upper1 and close>upper2 and close<upper3 and close > open
cond4bear = close>basis and close>upper1 and close>upper2 and close>upper3 and open > close
cond4bull = close>basis and close>upper1 and close>upper2 and close>upper3 and close > open
cond5bear = close<basis and close>lower1 and open > close
cond5bull = close<basis and close>lower1 and close > open
cond6bear = close<basis and close<lower1 and close>lower2 and open > close
cond6bull = close<basis and close<lower1 and close>lower2 and close > open
cond7bear = close<basis and close<lower1 and close<lower2 and close>lower3 and open > close
cond7bull = close<basis and close<lower1 and close<lower2 and close>lower3 and close > open
cond8bear = close<basis and close<lower1 and close<lower2 and close<lower3 and open > close
cond8bull = close<basis and close<lower1 and close<lower2 and close<lower3 and close > open
BBSTD_barcolor = cond1bear ? na : cond2bear ? upper1_colbear : cond3bear ? upper2_colbear : cond4bear ? upper3_colbear : cond5bear ? na : cond6bear ? lower1_colbear : cond7bear ? lower2_colbear : cond8bear ? lower3_colbear :
cond1bull ? na : cond2bull ? upper1_colbull : cond3bull ? upper2_colbull : cond4bull ? upper3_colbull : cond5bull ? na : cond6bull ? lower1_colbull : cond7bull ? lower2_colbull : cond8bull ? lower3_colbull : na
barcolor(BBSTD_showbarcolor ? BBSTD_barcolor : na, title='Bar/Candle-colors Trend')
///////////////////////////////////////--------------------- BB STD Stats ------------------/////////////////////////////////////////
BBSTD_show_stats = input(defval=true, title='Show BB STD Stats', group='══════════════════ BaseLine ══════════════════')
if BBSTD_show_stats
perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1,border_color=upperbase_colbull)
box.set_lefttop(perc_line, left=bar_index + 3, top=upper1)
box.set_rightbottom(perc_line, right=bar_index + 3, bottom=basis)
box.delete(perc_line[1])
wa_low_perc_line_l = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=upperbase_colbear)
box.set_lefttop(wa_low_perc_line_l, left=bar_index + 3, top=basis)
box.set_rightbottom(wa_low_perc_line_l, right=bar_index + 3, bottom=lower1)
box.delete(wa_low_perc_line_l[1])
wa_up_perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=upper1_colbull)
box.set_lefttop(wa_up_perc_line, left=bar_index + 3, top=upper2)
box.set_rightbottom(wa_up_perc_line, right=bar_index + 3, bottom=upper1)
box.delete(wa_up_perc_line[1])
wa_low_perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=lower1_colbear)
box.set_lefttop(wa_low_perc_line, left=bar_index + 3, top=lower1)
box.set_rightbottom(wa_low_perc_line, right=bar_index + 3, bottom=lower2)
box.delete(wa_low_perc_line[1])
ao_up_perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=upper2_colbull)
box.set_lefttop(ao_up_perc_line, left=bar_index + 3, top=upper3)
box.set_rightbottom(ao_up_perc_line, right=bar_index + 3, bottom=upper2)
box.delete(ao_up_perc_line[1])
ao_low_perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=lower2_colbear)
box.set_lefttop(ao_low_perc_line, left=bar_index + 3, top=lower2)
box.set_rightbottom(ao_low_perc_line, right=bar_index + 3, bottom=lower3)
box.delete(ao_low_perc_line[1])
// total number
var bars = 1
if upper3 != upper3[1]
bars += 1
// number that close > upper1
var u1 = 0.0
if upper1 <= close
u1 += 1
// number that close > upper2
var u2 = 0.0
if upper2 <= close
u2 += 1
// number that close > upper3
var u3 = 0.0
if upper3 <= close
u3 += 1
// number that close < lower1
var l1 = 0.0
if lower1 >= close
l1 += 1
// number that close < lower2
var l2 = 0.0
if lower2 >= close
l2 += 1
// number that close < lower3
var l3 = 0.0
if lower3 >= close
l3 += 1
//probability
p_u1 = u1/bars * 100
p_l1 = l1/bars * 100
p_u2 = u2/bars * 100
p_l2 = l2/bars * 100
p_u3 = u3/bars * 100
p_l3 = l3/bars * 100
if BBSTD_show_stats
var label label_u1 = na
label.delete(label_u1)
label_u1 := label.new(bar_index+9, upper1, text='' + str.tostring(mult1) + ' : ' + str.tostring(p_u1,'#.##')+'%', style=label.style_label_left, color=na, textcolor=upper2_colbear,textalign=text.align_left)
var label label_u2 = na
label.delete(label_u2)
label_u2 := label.new(bar_index+9, upper2, text='' + str.tostring(mult2) + ' : ' + str.tostring(p_u2,'#.##')+'%', style=label.style_label_left, color=na, textcolor=upper2_colbull,textalign=text.align_left)
var label label_u3 = na
label.delete(label_u3)
label_u3 := label.new(bar_index+9, upper3, text='' + str.tostring(mult3) + ' : ' + str.tostring(p_u3,'#.##')+'%', style=label.style_label_left, color=na, textcolor=upper3_colbull,textalign=text.align_left)
var label label_l1 = na
label.delete(label_l1)
label_l1 := label.new(bar_index+9, lower1, text='' + str.tostring(-mult1) + ' : ' + str.tostring(p_l1,'#.##')+'%', style=label.style_label_left, color=na, textcolor=lower2_colbull,textalign=text.align_left)
var label label_l2 = na
label.delete(label_l2)
label_l2 := label.new(bar_index+9, lower2, text='' + str.tostring(-mult2) + ' : ' + str.tostring(p_l2,'#.##')+'%', style=label.style_label_left, color=na, textcolor=lower2_colbear,textalign=text.align_left)
var label label_l3 = na
label.delete(label_l3)
label_l3 := label.new(bar_index+9, lower3, text='' + str.tostring(-mult3) + ' : ' + str.tostring(p_l3,'#.##')+'%', style=label.style_label_left, color=na, textcolor=lower3_colbear,textalign=text.align_left)
var label label_total = na
label.delete(label_total)
label_total := label.new(bar_index+15, basis, text=BaseLine_Type + ' : ' + str.tostring(BaseLine_Length) + ' | Bars Back ' + str.tostring(bars,"#"), style=label.style_label_left, color=na, textcolor=#636363,textalign=text.align_left)
