[TradingView Indicator]Multi-Timeframe Bollinger Bands

Summary

This indicator shows 5 multi time frame Bollinger bands(MTF BB) from different timeframes which is Monthly, Weekly, Daily, 4 hour and 1 hour to lower timeframes with 3 bands(+-1-3ς).

Example: If you set daily BB, it will be shown on daily, 4hour, 1hour, 30M, 15M, 5M and 1M charts. It will not appear on weekly and monthly charts as it is not necessary to see it on higher timeframes.

Purpose

This indicator has been developed to show higher timeframe’s BB as they are expected to work as support and resistance.

How is it different from other BB indicators?

Problems with other conventional BB indicators are;

• If you set higher timeframe BB(MTF BB), it will also be shown on further higher timeframes.
  i.e. If you set 4hour chart BB on 1 hour or lower timeframe charts, it will also appear on daily and weekly chart, which is not necessary.
• One indicator displays one BB only which impacts the number of indicators that you can set(depending on your account plan)
• One indicator displays one band only. If you need 1-3ς, you need to add the same BB indicator.
  
  

To tackle these problems, this indicator has incorporated functions below.

• Control timeframes where BB is displayed to eliminate unnecessary information.
• One indicator contains 3 BB with 3 bands(minus 1-3ς & plus 1-3ς) which contributes to save the number of indicators that you can set

These are the value added on this indicator.

TradingView Script Page is here.

Spec

• This indicator shows monthly BB, weekly BB, daily BB, 4 hour BB and 1 hour BB.
  To be clear, daily BB means that BB created based on daily chart, which can be shown on lower timeframes.
• Each BB displays 3 bands(minus 1-3ς & plus 1-3ς) and middle line
• Display of each band can be parameterized to show/not to show
  e.g. Showing only plus/minus 2 and 3ς etc.
• The middle line adopts SMA(simple moving average) only and you can set period of SMA.
• Each BB will be shown as follows based on timeframes that you select.
  1. Daily BB: Shown on daily, 4hour, 1 hour, 30M, 15M, 5M and 1M chart(Weekly and Monthly chart does not show BB)
  2. 4hour BB: Shown on 4hour, 1 hour, 30M, 15M, 5M and 1M chart(Daily, Weekly and Monthly chart does not show BB)
  3. 1hour BB: Shown on 1 hour, 30M, 15M, 5M and 1M chart(4hour, Daily, Weekly and Monthly chart does not show BB)
• Each BB can be enabled and disabled by ticking checkbox.
  e.g. On 1 hour chart, you can disable 4 hour BB and show daily BB only etc.

Please see the sample chart below.

Sample chart with the indicator

Daily chart

https://www.tradingview.com/x/i1xG5znP/

4hour chart showing daily BB and 4H BB

https://www.tradingview.com/x/8iJsjvUG/

1hour chart showing daily BB, 4H BB and 1H BB

https://www.tradingview.com/x/dUmmVxTH/

5Mchart showing daily BB, 4H BB and 1H BB

https://www.tradingview.com/x/nzXDwMbL/

What you will get

You will get the right to use this indicator.  Source code will not be disclosed.

Journey to use indicator

This indicator is provided for invited users only.

Please contact me on TradingView(FX365_Thailand) or Gumroad with license key to be issued upon purchase and your Tradingview account so that I can authorize your access to the indicator.