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BB Expansion Oscillator (BEXO)
BB Expansion Oscillator (BEXO) is a custom indicator designed to measure and visualize the expansion and contraction phases of Bollinger Bands in a normalized way.
🔹 Core Features:
Normalized BB Width: Transforms Bollinger Band Width into a 0–100 scale for easier comparison across different timeframes and assets.
Signal Line: EMA-based smoothing line to detect trend direction shifts.
Histogram: Highlights expansion vs contraction momentum.
OB/OS Zones: Detects Over-Expansion and Over-Contraction states to spot potential volatility breakouts or squeezes.
Dynamic Coloring & Ribbon: Visual cues for trend bias and crossovers.
Info Table: Displays real-time values and status (Expansion, Contraction, Over-Expansion, Over-Contraction).
Background Highlighting: Optional visual aid for trend phases.
🔹 How to Use:
When BEXO rises above the Signal Line, the market is in an Expansion phase → potential trend continuation.
When BEXO falls below the Signal Line, the market is in a Contraction phase → potential consolidation or trend weakness.
Overbought/Over-Expansion zone (above OB level): Signals high volatility; watch for possible reversal or breakout exhaustion.
Oversold/Over-Contraction zone (below OS level): Indicates a squeeze or low volatility; often precedes strong breakout moves.
🔹 Best Application:
Identify volatility cycles (squeeze & expansion).
Filter trades by volatility conditions.
Combine with price action, volume, or momentum indicators for confirmation.
⚠️ Disclaimer:
This indicator is for educational and research purposes only. It should not be considered financial advice. Always combine with proper risk management and your own trading strategy.
🔹 Core Features:
Normalized BB Width: Transforms Bollinger Band Width into a 0–100 scale for easier comparison across different timeframes and assets.
Signal Line: EMA-based smoothing line to detect trend direction shifts.
Histogram: Highlights expansion vs contraction momentum.
OB/OS Zones: Detects Over-Expansion and Over-Contraction states to spot potential volatility breakouts or squeezes.
Dynamic Coloring & Ribbon: Visual cues for trend bias and crossovers.
Info Table: Displays real-time values and status (Expansion, Contraction, Over-Expansion, Over-Contraction).
Background Highlighting: Optional visual aid for trend phases.
🔹 How to Use:
When BEXO rises above the Signal Line, the market is in an Expansion phase → potential trend continuation.
When BEXO falls below the Signal Line, the market is in a Contraction phase → potential consolidation or trend weakness.
Overbought/Over-Expansion zone (above OB level): Signals high volatility; watch for possible reversal or breakout exhaustion.
Oversold/Over-Contraction zone (below OS level): Indicates a squeeze or low volatility; often precedes strong breakout moves.
🔹 Best Application:
Identify volatility cycles (squeeze & expansion).
Filter trades by volatility conditions.
Combine with price action, volume, or momentum indicators for confirmation.
⚠️ Disclaimer:
This indicator is for educational and research purposes only. It should not be considered financial advice. Always combine with proper risk management and your own trading strategy.
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オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。