INAZUMA Bollinger Bands

This is an indicator based on the widely used Bollinger Bands, enhanced with a unique feature that visually emphasizes the "strength of the breakout" when the price penetrates the bands.

Main Features and Characteristics

1. Standard Bollinger Bands Display
Center Line (Basis): Simple Moving Average (\text{SMA(20)}).
1 sigma Lines: Light green (+) and red (-) lines for reference.
2 sigma Lines (Upper/Lower Band): The main dark green (+) and red (-) bands.

2. Emphasized Breakout Zones: "INAZUMA / Flare" and "MAGMA"
The key feature is the activation of colored, expanding areas when the candlestick's High or Low breaks significantly outside the \pm 2\sigma bands.

Upper Side (Green Base / Flare):
When the High exceeds the +2\sigma line, a green gradient area expands upwards.
Indication: This visually suggests strong buying pressure or overbought conditions. The color deepens as the price moves further away, indicating higher momentum.

Lower Side (Red Base / Magma):
When the Low falls below the -2 sigma line, a red gradient area expands downwards.
Indication: This visually suggests strong selling pressure or oversold conditions. The color deepens as the price moves further away, indicating higher momentum.

Key Insight: This visual aid helps traders quickly assess the momentum and market excitement when the price moves outside the standard Bollinger Bands range. Use it as a reference for judging trend strength and potential entry/exit points.

Customizable Settings
You can adjust the following parameters in the indicator settings:

Length: The period used for calculating the Moving Average and Standard Deviation. (Default: 20)
StdDev (Standard Deviation): The multiplier for the band width (e.g., 2.0 for -2 sigma). (Default: 2.0)
Source: The price data used for calculation (Default: close).