MACD Bollinger Bands

MACD Bollinger Bands

$129.00 Regular Price
$99.00Sale Price

This package includes a custom ThinkOrSwim study for MACD Bollinger Bands. This study is an indicator of an indicator and uses Bollinger Bands to determine the volatility of the MACD. When the bands are expanding (green) and the value line travels below or above the bands, a large price move is expected in the direction of the value. 



  • The Bollinger Bands are green when volatility is expanding and red when it is contracting.
  • The value line will become magenta when value is outside of the bands and the difference between the value and the previous value is greater than 0.2. This was a number determined to show the most consistent results and is customizable for your needs.
  • This indicator works across all securities.
  • The MACD is customizable for the fast length, slow length, smoothing period and average type.
  • The Bollinger Bands can be adjusted for displacement, length, standard deviation, average type and speed (difference between current value and previous value).


    Indicators are for educational purposes only and should not be construed as investment advice.

    All products are distributed solely for PERSONAL USE ONLY. License information included in all files provided.