Bollinger BTV Indicator

The Bollinger Bands are popular channels created by John Bollinger.

The Bollinger bandwidth indicator calculates the width of the Bollinger band. It is a volatility indicator.

BTV indicator is a combination of trend and volatility based on Bollinger bands. If the BTV indicator reading is positive it shows that the volatility is high and the trend is bullish.

When the BTV indicator reading is negative it shows that volatility is high and the trend is bearish.

Bollinger BTV indicator considers all important aspects of Bollinger bands. It can be used along with indicators as well to design a trading system.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

The indicator is applicable to all types of charting. Calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.

This indicator is also available in the System Builder of RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.