Best_Solve

Bollinger Bands and Floor Pivot points

The Bollinger bands set the standard deviation of the reversal points with smoothing over the specified period. That is, if you want to see the standard deviation of resistance and support on an hourly chart with a smoothing period for one day, then you need to set the period 24 in the settings. In this case, the pivot points always coincide with the chart.

The middle Bollinger band smooths out the pivot point , and the upper and lower bands-the resistance of r1 and the support of s1, respectively.

In the settings, you can set the smoothing of the standard deviation of the resistance and support of r2 and s2 instead of r1 and s1


example for working on the daily timeframe for the XRP/USDT cryptocurrency pair
Информация о релизе: The new version of the indicator has a function for selecting the period in automatic and manual mode.

The automatic period selection mode sets the optimal (in my opinion) period of the indicator for working at different time intervals.

In manual mode, you can set the required period yourself, depending on your wishes.

The color scheme of the Bollinger bands indicator has also changed slightly

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