16H Bollinger Bands

This indicator plots Bollinger Bands based on the 16-hour timeframe, regardless of the chart’s current timeframe.

📌 Features:

Uses a higher-timeframe (16H / 960 minutes) SMA as the basis

Upper and lower bands calculated with standard deviation

Adjustable parameters: length, standard deviation multiplier, and source

Works even when applied on lower timeframes (e.g. 1H, 15m), allowing you to overlay higher-timeframe volatility zones on intraday charts

📌 Use cases:

Identify major support and resistance zones from a higher timeframe

Filter out market noise by relying on broader 16H volatility structure

Combine with lower-timeframe signals for more accurate entries and exits