BB Sub
- Indicators
- Version: 1.0
BB-Sub – Bollinger Bands in Subwindow
BB-Sub is a simple yet powerful indicator that displays Bollinger Bands independently in the subwindow of your chart. Unlike standard Bollinger Bands, which are shown on the main chart, BB-Sub operates in a separate subwindow. This prevents overlapping with candlesticks or other indicators, making it ideal for traders who want to focus purely on the movement and shape changes of the bands.
Main Features
- Simultaneously displays the upper band, lower band, and middle band (SMA) in the subwindow
- The default settings are 20 periods and ±2σ, but both the period and band width (deviation) can be freely adjusted via parameters
- You can select the price type used for calculations (Close, Open, High, Low, Median, Typical, Weighted), allowing optimization for various strategies
- Supports comparison or combination with other indicators, as well as multi-timeframe analysis using multiple subwindows
- Lightweight design ensures your chart remains responsive, even with long-term data or multiple indicators loaded
- By adjusting the height of the subwindow, you can closely observe band expansion/contraction and changes in volatility
Parameter List
| Parameter | Description | Default |
|---|---|---|
| InpBandsPeriod | Calculation period for Bollinger Bands (number of bars) | 20 |
| InpBandsDeviation | Band width (standard deviation × multiplier) | 2.0 |
| InpAppliedPrice | Type of price used for calculation (Close/Open/High/Low/Median/Typical/Weighted) | PRICE_CLOSE |
Usage Examples & Recommended Points
- Perfect for those who want to observe only the movement and shape of the bands without sacrificing visibility on the main chart
- Ideal for volatility analysis using band expansion/contraction or as a supplementary tool for trend reversal detection
- Recommended for traders who want multi-faceted market analysis through combination or comparison with other indicators
- Light and smooth performance, even with multiple timeframes or currency pairs in use at the same time
Notes
- You can freely customize the visibility of the bands by adjusting the subwindow height
- This indicator is a discretionary trading support tool and does not provide trading signals or automatic entries
This indicator is developed and provided by TOKYO-EA. If you are looking for more advanced and free trading tools, try searching for "TOKYO-EA".
