Bollinger bands indicator has no shift parameter which is very important.

Displaced bollinger bands projects bands into future.

See for Reference : Displaced moving average (DMA)

Displaced bollinger bands concept is not found on the internet or in books. but displaced moving average , displaced keltner channels can be found on the internet for reference.

Uses of Displaced bollinger bands (simply shifting bands forward using shift parameter):

1. Removes lag
2. Shows support and resistance
3. Used for identifying cycles, elliott waves and harmonic patterns.
4. MOst importantly : used for setting profit targets or taking profits.

attaching jpg that shows how effective the bollinger bands indicator becomes using the shift parameter for taking profits.

please kindly fix the indicator - your's faithful -jeevan.

“If by chance I have omitted anything more or less proper or necessary, I beg forgiveness, since there is no one who is without fault and circumspect in all matters.”

      ― Leonardo Fibonacci