Vortex Bands

A slighty modified version of Better Bollinger Bands. The idea of the experiment was to do a thing like the well-known Vortex Indicator, but an overlay:

Obvious trading rules are:

go Long when the blue line is above other two
go Short when the orange line is above other two
stop when price crosses the basis line

The tool is EXPERIMENTAL. Good luck!

Release Notes

Fix bar coloring

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

everget

Coding services -> Telegram: @alex_everget

A list of FREE indicators:
bit.ly/2S7EPuN

A list of PAID indicators:
bit.ly/33MA81f

Earn $15:
tradingview.com/pricing/?share_your_love=everget

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.