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//Bollinger Band Basic Code length = input(20, minval=1,tooltip="Change length") src = input(close, title="Source") mult = input(2.0, minval=0.001, maxval=50, title="StdDev") basis = sma(src, length) dev = mult * stdev(src, length) upper = basis + dev lower = basis - dev plot(basis, "Basis", color=#872323) p1 = plot(upper, "Upper", color=color.teal) p2 = plot(lower, "Lower", color=color.teal) //average of upper and lower bands of bollinger bands upper_average=sma(upper,10) lower_average=sma(lower,10) //Setting up Criteria for signals sell= crossover(close,upper_average) ==true and falling(volume,2) buy= crossunder(close,lower_average) ==true and falling(volume,2) //If above criteria happens then give buy and sell signals plotshape(buy,location=location.belowbar,style=shape.triangleup,color=color.green,text="BUY",textcolor=color.green,size=size.tiny,title="BUY") plotshape(sell,location=location.abovebar,style=shape.triangledown,color=color.red,text="SELL",textcolor=color.red,size=size.tiny,title="SELL")
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