Edo Bands Fusion fuses on a single coordinated overlay the three classical readings every trader needs before opening a position: Bollinger Bands for statistical dispersion, Donchian Channels for absolute range extremes and a percentile band-width ranking (BBWP-style) for the volatility cycle. A six-state classifier combines the three layers into a single label — Squeeze, Expansion Up, Expansion Down, Trend Up, Trend Down or Range — that color-codes the bands, paints the squeeze background, fires the breakout markers and drives the information panel. The result is a complete framing of the market regime on a single chart layer, with one color scheme and one reading flow instead of three independent indicators stacked together.

Features

Triple-layer overlay coordinating Bollinger Bands, Donchian Channels and percentile band-width ranking on a single chart surface
Six-state classifier (Squeeze, Expansion Up, Expansion Down, Trend Up, Trend Down, Range) with strict priority hierarchy
State-coordinated band color and adjustable fill opacity that makes the current regime identifiable at a glance
Bluish squeeze background that visually flags volatility compression periods on the chart
First-bar-only Donchian breakout markers (green/red triangles) to avoid clusters during sustained trends
Body and Wick modes for Donchian — cleaner structural breakouts vs. classical high/low reading
2x6 information panel with State, Volatility %, BB %B, Donchian % and squeeze bar counter, positionable in all four corners
Six predefined alerts: Squeeze Started/Released, Donchian Breakout Up/Down and Price Crossed BB Upper/Lower

Use Cases

Framing the market regime in three seconds before committing to a trade — statistical mean, range extremes and volatility cycle on one screen
Identifying Squeeze → Expansion setups on 4H and Daily where compression releases into wide moves
Detecting clean structural breakouts — Donchian extreme without Bollinger overextension — as higher-quality entries than extended breakouts
Scanning watchlists for breakout candidates through the cross-asset comparable Volatility % reading
Replacing three separate indicators (Bollinger, Donchian, BBWP) with a single coordinated overlay and a single color scheme

Configuration

Edo Bands Fusion exposes seven configuration groups: Bollinger Bands (Length 20, StdDev 2.0, Source, visibility), Donchian Channels (Length 20, Mode Body/Wick, visibility, basis), Volatility State (Lookback 252, Squeeze Threshold 20%, Expansion Threshold 80%, squeeze background toggle), Style (Bull/Bear/Neutral colors, fill opacity, Dark/Light theme), Markers (Donchian breakout markers toggle), Panel (visibility, position in all four corners, Small/Medium size) and the six predefined alerts. Defaults follow classical conventions (Bollinger 20/2, Donchian 20, BBWP 252) and are calibrated to work without tuning across stocks, crypto, forex, indices and futures.

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Risk Warning

Trading involves risk. This indicator is an analysis tool and does not constitute financial advice, investment recommendations, or trading signals. The user is solely responsible for their trading decisions.