Check this indicator on Tradingview: Bollinger Bands
This indicator is suitable for any timeframe or market like Forex, Crypto, Commodities even Stocks.
are calculated from a moving average, creating two curves that involve the price chart, these bands are defined by a standard deviation generally of value 2 with respect to the moving average.
You could indentify elements like:
- You may customize several kind of MA displaying in the chart
- Log chart: It can be used on logarithmic price scales, to avoid distortions in those chart.
- You may change the sketching time frame even without changing time frame in the current chart.
- Interpolation: Round the curves when viewing larger timeframes.
Besides of the features characteristics you also may check aditional conditions like:
-Background: Shows the zone equivalent to a standard deviation of 1 and 2 with different color.
-Recommended for manual trading or validation.
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