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BBandsPsar is a custom hybrid indicator that combines a volatility framework (Bollinger Bands) with a trend-following mechanism (Parabolic SAR) into a single technical tool.

By measuring the distance between the Parabolic SAR value and the candle's open or close, the indicator captures the alternating, trend-switching nature of the SAR. It then scales this gap using Bollinger Bands to plot the resulting values as a standardized histogram. This standardization provides a consistent, cross-asset threshold, making it easy to analyze different financial instruments under a unified scale.

For maximum flexibility, BBandsPsar fully inherits the input parameters of both underlying indicators, allowing traders to fine-tune its sensitivity and behavior.


Input


Demo3

Institutional Kyle's Lambda Market Impact Engine Institutional Kyle's Lambda Market Impact Engine

An institutional market microstructure indicator for MT4 that computes Kyle's Lambda and Amihud Illiquidity ratios to identify institutional order absorption and toxic liquidity vacuums.

Stochastic Moving Average Stochastic Moving Average

This indicator is an implementation of Stochastic of Moving Average. This indicator can be used as a filter indicator. It can be associated with my free indicator "HLPeak_Trend".

Three Colors Three Colors

Example: Moving Average indicator filling by different colors

MACD Sample MACD Sample

Classical MACD Sample.