A Smoothed Bollinger Channel Pivot Indicator

Summary

This document describes a chart indicator that draws two colored filled rectangles between values of two Bollinger channels on a bar. The channels are based on a configurable smoothed average and two deviation settings, with separate colors for the upper and lower regions. Inputs also control the applied price, the bar used to read indicator values, and the band calculation length.

The listed settings include a simple moving average as the default smoothing method, a lookback depth, and an averaging phase parameter. The description notes that the phase parameter has method-specific meanings for some smoothing algorithms. It also identifies a supporting smoothing library needed by the implementation. The material explains the display and configuration, but gives no explicit pivot definition, entry or exit rules, formula details, performance results, or evidence that the indicator predicts price movement. It should therefore be read as an indicator specification, not a tested trading strategy.

Key ideas

• The indicator visualizes regions between two Bollinger channels using filled colored rectangles.
• Its channel center uses a configurable smoothing method and averaging depth.
• Two deviation inputs set the channel widths, while price and band-length inputs further shape the calculation.
• The description provides no trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.