BPS BB-Expansion (Simplified for Bull-Put-Spreads)

#BPS BB-Expansion (Simplyfied)

1. Detects Bollinger Band breakouts on the current timeframe and focuses on moments of band expansion rather than compression.

2. Confirms bullish conditions using a positive EMA slope, filtering trades to align with short-term trend direction.

3. Prevents repeated signals during the same move via a signal lock mechanism, only re-arming after price falls back below the Bollinger basis.

4. Uses confirmed bar closes only, avoiding repainting and premature signals.
5. Calculates annualized volatility using three selectable methods: ATR-based, Parkinson volatility, or a hybrid of both.

6. Applies a dynamic volatility buffer that adapts to current market conditions by comparing current ATR to its historical average.

7. Adjusts volatility expectations upward during high-volatility regimes, producing a buffered volatility estimate suitable for risk-aware decisions.

8. Displays BUY signals visually on the chart with ATR-based label spacing to maintain chart clarity.

9. Maintains a rolling history of the last five buy signals, including entry price and buffered annualized volatility.

10. Provides a configurable on-chart information table summarizing Bollinger expansion status, current dynamic volatility, and recent signal history for real-time decision support.