OPEN-SOURCE SCRIPT
RANDI NACH
DISCLAIMER
This indicator is not promoting scalping related activities and give financial advise to buy or sell.
This indicator is made for educational purpose only which gives the idea about the trend based on strength.
This script is a tool designed for educational and informational purposes in the field of technical analysis. It does not guarantee any financial return and should not be used as a substitute for professional trading advice. Always perform thorough research and consult with a financial advisor before making any trading decisions. Past performance is not indicative of future results, and trading involves significant risks, including the loss of capital.
Strategy Explanation
This Pine Script indicator combines Bollinger Bands and RSI to identify potential trend reversal zones.
Bollinger Bands (BB): A volatility indicator using a moving average and standard deviations. The script calculates Bollinger Bands based on a user-selected timeframe and inputs for period length and standard deviation.
Relative Strength Index (RSI): A momentum oscillator that ranges from 0 to 100. It’s commonly used to identify overbought or oversold conditions. The script calculates RSI on a selectable timeframe with a default period of 14.
This indicator is not promoting scalping related activities and give financial advise to buy or sell.
This indicator is made for educational purpose only which gives the idea about the trend based on strength.
This script is a tool designed for educational and informational purposes in the field of technical analysis. It does not guarantee any financial return and should not be used as a substitute for professional trading advice. Always perform thorough research and consult with a financial advisor before making any trading decisions. Past performance is not indicative of future results, and trading involves significant risks, including the loss of capital.
Strategy Explanation
This Pine Script indicator combines Bollinger Bands and RSI to identify potential trend reversal zones.
Bollinger Bands (BB): A volatility indicator using a moving average and standard deviations. The script calculates Bollinger Bands based on a user-selected timeframe and inputs for period length and standard deviation.
Relative Strength Index (RSI): A momentum oscillator that ranges from 0 to 100. It’s commonly used to identify overbought or oversold conditions. The script calculates RSI on a selectable timeframe with a default period of 14.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.