Bollinger Bands 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, they are used as support and resistances points

Benefits:

• You are able to customize several kind of MA displaying in the chartt
• Log chart: It can be used on logarithmic price scales, to avoid distortions
• You are able to check different TF even without changing time frame in the current chart
• Background: Shows the zone equivalent to a standard deviation of 1 and 2 with different color
• It works in any time frame or market like Forex, Crypto or stocks and derivates

Bollinger Bands by VerticaltradersIndicators on TradingView.com

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