Bbw index

Whenever a BBW squeeze occurs, this means there is low volatility. A low volatility period is almost always followed by high Top signal: reaches when the color is yellow Bottom signal: reaches when the color is red This script calculate a stochastic oscillator of BBW, and defines a top and a bottom as its highest in N bars. Easy script to set alerts to BB Squeezes too. Volume Plus Bollinger Bands Width.

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Bollinger Bands Width (BBW) — TradingView

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Bollinger Bands are a volatility indicator which creates a band of three lines which are plotted in relation to a security's price. Bollinger Bands Width serve as a way to quantitatively measure the width between the Upper and Lower Bands. BBW can be used to identify trading signals in some instances. This value is used to define the narrowness of the bands.

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