Continuing its work with John Bollinger, TradingView is introducing Bollinger Bars — a fresh approach to charting that transforms candle bars.
In John Bollinger’s own words, it represents an “exclusive marriage of western bars and candlesticks encoded in color”, adding a new layer of clarity to price action.
The key advantage of Bollinger Bars is to visually emphasize the full range of prices traded during the time period of a bar. The thin tails of traditional candlesticks deemphasize price action that takes place outside the range between the open and close (the body of the candlestick).
Bollinger Bars maintain the same width from top to bottom, using color to delimit the…
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