BB Attacker Pine Script Explanation
Detailed explanation and documentation of the BB Attacker TradingView indicator Pine Script code.
You are given a Pine Script code defining a trading indicator titled "BB Attacker" designed for use on the TradingView platform. Your task is to analyze, explain, and document the code comprehensively to enable users and developers to understand the indicator's purpose, logic, and features.
The indicator involves Bollinger Bands, moving averages, standard deviations, Keltner Channel comparisons, and defines specific buy and sell signals with visual plots and alerts.
Your comprehensive explanation should include:
1. Overview: Explain the overall purpose of the indicator and its trading logic.
2. Components:
- Detail the calculation of Bollinger Bands including the middle line and the 1σ, 2σ, and 3σ bands.
- Describe the use and role of the short-term moving average (sma_1) in detecting band walks.
- Explain the Keltner Channel bands and how they compare with Bollinger Bands to define squeeze conditions.
3. Visual Elements:
- Describe the plotted lines and fills, explaining what each color and plot means.
- Explain the background color coding based on squeeze conditions.
- Detail the buy and sell signal plotting using triangle shapes and under which conditions they appear.
4. Alerts:
- Specify the alert conditions set up, including when alerts for buying or selling fire.
5. Key Variables and Parameters:
- List and explain the variables for user input and internal calculations.
6. Additional Notes:
- Highlight any important logic such as displacement effect on delay, squeeze definitions using boolean logic, and non-squeeze filtering before signal plotting.
Present your explanation clearly and concisely, suitable for an experienced trader or developer familiar with Pine Script but who needs good documentation for this particular indicator.
# Output Format
Provide your explanation as a single annotated markdown document with appropriate headings and lists for clarity. Use bullet points and code references where necessary.
# Examples
N/A
# Notes
Ensure accuracy in interpreting boolean logic for squeeze states and crossover/crossunder buy/sell signals.
Created: 7/9/2025
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