Bollinger Band colours

Alfy · 2022-09-09T17:54:57+00:00

Good afternoon guys, i wonder if anyone can help. I am trying to colour my upper and lower Bollinger bands Green when the middle moving average is rising and Red when the middle Moving average is falling. Can someone help please? Ive copied the basic code for the Bollinger Bands themselves. Thanks for any help you can share! Best regards a=average [21] (close) b=STD[21](close) Bollup= BollingerUp[21](close) Bolldn=BollingerDown[21](close) Return Bollup,Bolldn,a

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09/09/2022 at 6:54 PM #200455 quote
Alfy
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Average
Good afternoon guys, i wonder if anyone can help. I am trying to colour my upper and lower Bollinger bands Green when the middle moving average is rising and Red when the middle Moving average is falling. Can someone help please? Ive copied the basic code for the Bollinger Bands themselves. Thanks for any help you can share! Best regards
```
a=average [21] (close)
b=STD[21](close)
Bollup= BollingerUp[21](close)
Bolldn=BollingerDown[21](close)
Return Bollup,Bolldn,a
```
09/09/2022 at 8:25 PM #200457 quote
JS
Participant

Master
```
LRS = LinearRegressionSlope[21](close)
 
If LRS > 0 then
Bullish = 1
Bearish = 0
R = 0
G = 255
B = 0
ElsIf LRS < 0 then
Bullish = 0
Bearish = 1
R = 255
G = 0
B = 0
Else
Bullish = 0
Bearish = 0
R = 0
G = 0
B = 255
EndIf

Avg = Average[21](close)

Bollup= BollingerUp[21](close)

Bolldn=BollingerDown[21](close)

Return Bollup Coloured(R,G,B) as "BollingerUp" ,Bolldn Coloured(R,G,B) as "BollingerDown",Avg Coloured(R,G,B) Style(DottedLine)
```
Hi @Alfy
To determine the direction of the average, you can use the Linear Regression Slope.

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09/10/2022 at 8:12 AM #200462 quote

Alfy
Participant

Average

Thanks so much JS!
JS thanked this post

09/10/2022 at 8:50 AM #200463 quote

JS
Participant

Master

You may be thinking, what does linear regression have to do with a moving average?

Where the linear regression intersects with the moving average, that is the zero point of the linear regression slope…

Schermafbeelding-2022-09-10-om-09.46.59.png
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