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Madrid Bollinger Bands BackgroundThis displays a background color according to the position of the closing price on the Standard Deviation band Blue for upper bands, Orange for lower bands Bold color for oversold/overbought conditions This study can be used as a standalone bar or it can be merged with other indicators or used as a chart background. The parameters it requires are simple, the length of the study, the multiplier and the kind of input, by default the closing price.
Penunjuk Pine Script®
oleh Madrid
BB Breakout + Momentum Squeeze [Strategy]This Strategy is Based on 3 free indicators - Bollinger Bands Breakout Oscillator: Link - TTM Squeeze Pro: Link - Rolling ATR Bands: Link Bollinger Bands Breakout Oscillator - This tool shows how strong a market trend is by measuring how often prices move outside their normal Bollinger bands range. It helps you see whether prices are strongly moving in one direction or just moving sideways. By looking at how much and how frequently prices push beyond their typical boundaries, you can identify which direction the market is heading over your selected time period. TM Squeeze Pro - This is a custom version of the TTM Squeeze indicator. It's designed to help traders spot consolidation phases in the market (when price is coiling or "squeezing") and to catch breakouts early when volatility returns. The logic is based on the relationship between Bollinger Bands and Keltner Channels, combined with a momentum oscillator to show direction and strength. Rolling ATR Bands - This indicator combines volatility bands (ATR) with momentum and trend signals to show where the market might be breaking out, retesting, or trending. It's highly visual and helpful for traders looking to time entries/exits during trending or volatile moves. Logic Of the Strategy: We are going to use the Bollinger Bands Breakout to determine the direction of the market. Than check the Volatility of the price by looking at the TTM Squeeze indicator. And use the ATR Bands to determine dynamic Stop Losses and based on the calculate the Take Profit targets and quantity for each position dynamically. For the Long Setup: 1. We need to see the that Bull Power (Green line of the Bollinger Bands Breakout Oscilator) is crossing the level of 50. 2. Check the presence of volatility (Green dot based on the TTM Squeeze indicator) For the Short Setup: 1. We need to see the that Bear Power (Red line of the Bollinger Bands Breakout Oscilator) is crossing the level of 50. 2. Check the presence of volatility (Green dot based on the TTM Squeeze indicator) Stop Loss is determined by the Lower ATR Band (for the Long entry) and Upper ATR Band (For the Short entry) Take Profit is 1:1.5 risk reward ration, which means if the Stop loss is 1% the TP target will be 1.5% Move stop Loss to Breakeven: If the price will go in the direction of the trade for at least half of the Risk Reward target then the stop will automatically be adjusted to the entry price. For Example: the Stop Loss is 1%, the price has move at least 0.5% in the direction of your trade and that will move the Stop Loss level to the Entry point. You can Adjust the parameters for each indicator used in that script and also adjust the Risk and Money management block to see how the PnL will change.
Strategi Pine Script®
oleh Wunderbit
1
3EMA + Boullinger + PIVOTTRES EMAS + BANDAS DE BOLLINGER + PIVOTE INDICADOR 1: TRES EMAS (MEDIA MOVIL EXPONENCIAL) Con este indicador puede visualizar el promedio de precios con mayor peso a los datos mas recientes. Se calculan y dibujan tres medias móviles exponenciales: 8, 20 y 200 últimas velas. -Rápida EMA1 = 8 -Media EMA2 = 20 -Lenta EMA 3 = 200 INDICADOR 2: BANDAS DE BOLLINGER Con este indicador podrá ver la fuerza y la tendencia del mercado, es decir la mide la volatilidad del precio del activo. Si el precio sobrepasa la banda superior, el activo está sobrecomprado. Si el precio sobrepasa la banda inferior, el activo está sobrevendido. Longitud tendencia - BASE = 20, paso = 1 Desviación Estándar - Multiplicador = 2, paso = 0.2 INDICADOR 3: PIVOTE Este indicador etiqueta los puntos donde el precio es mínimo y máximo, en un rango de velas determinado en el parámetro "Distancia para el Pivote". Estos 3 indicadores sirven para todo tipo de activos: FOREX, CRIPTO, CFD´s, ETC. ------------------------------------------------------------------------------------------------------------------ THREE EMAS + BOLLINGER BANDS + PIVOT INDICATOR 1: THREE EMAS ( EXPONENTIAL MOVING AVERAGE ) With this indicator you can visualize the average of prices with greater weight to the most recent data. Three exponential moving averages are calculated and drawn: 4, 20 and 200 last candles. -Fast EMA1 = 8 -Average EMA2 = 20 -Slow EMA 3 = 200 INDICATOR 2: BOLLINGER BANDS With this indicator you can see the strength and trend of the market, that is, it is measured by the volatility of the asset price. If the price goes above the upper band, the asset is overbought. If the price goes above the lower band, the asset is oversold. Trend length - BASE = 20, step = 1 Standard Deviation - Multiplier = 2, step = 0.2 INDICATOR 3: PIVOT This indicator labels the points where the price is minimum and maximum, in a range of candles determined in the parameter "Distance to Pivot". These 3 indicators are used for all types of assets: FOREX, CRYPT, CFD's, ETC.
Penunjuk Pine Script®
oleh JCMR76
15
Zigzag CloudThis is Bollinger Band built on top of Zigzags instead of regular price + something more. Indicator presents 7 lines and cloud around it. This can be used to visualize how low or high price is with respect to its past movement. Middle line is moving average of last N zigzag pivots Lines adjacent to moving average are also moving averages. But, they are made of only pivot highs and pivot lows. Means, line above moving average is pivot high moving average and line below moving average is pivot low moving average. Lines after pivot high/low moving averages are upper and lower bolllinger bands based on Moving Average Line with 2 standard deviation difference. Outermost lines are bollinger band top of Moving average pivot high and bollinger band bottom of moving average pivot low.
Penunjuk Pine Script®
oleh Trendoscope
27
BB and Keltner SqueezeStrategy using the Bollinger band with the Keltner Channels . Watch for the Bollinger bands (blue/red lines) squeezing inside the Keltner Channels (pink dots) for a breakout - this could be up or down so use in conjunction with other indicators. The blue band is the 2 standard deviation from price, the red is 3 standard deviations. With these, typically if the price bounces off the red then it will retrace a little, (although if there is a massive breakout/down this may not hold). When the bands narrow this is an indicator of consolidation, therefore with a likely upcoming breakup or down. The pink dots are the Keltner Channels. The strategy says if the bollinger bands come inside the Keltner Channels then this is a strong indicator that the breakout is coming. Sometimes the length of time the squeeze occurs for is indicative of the length/strength of the breakout. These indicators can be used on all timeframes but higher timeframes will be stronger and more reliable of a trend change.
Penunjuk Pine Script®
oleh Trader-Elisa
8
Full Spectrum Delta BandsI created the Full Spectrum Delta Bands (FullSpec ΔBB) to go beyond traditional Bollinger Bands by incorporating both OHLC (Open, High, Low, Close) and Close-based data into the calculations. Instead of relying solely on closing prices, this indicator evaluates deviations from the complete bar range (OHLC), offering a more accurate view of market behavior. A key feature is the Delta Flip, which highlights shifts between OHLC and Close-based bands. These flips are visually marked with color changes, signaling potential trend reversals, breakout zones, or volatility shifts. Traders can use these moments as inflection points to refine their entry and exit strategies. The indicator also supports customizable sensitivity and deviation multiplier settings, allowing it to adapt to different trading styles and timeframes. Lower deviation values (e.g., 1σ or 1.5σ) are ideal for scalping on shorter timeframes like 5-min or 15-min charts, while higher values (e.g., 2.5σ or 3σ) are better suited for long-term trend analysis on weekly or monthly charts. The standard deviation multiplier fine-tunes the upper and lower bands to match specific trading goals and market conditions. I designed Full Spectrum Delta Bands to provide deeper insights and a clearer view of market dynamics compared to traditional Bollinger Bands. Whether you’re a scalper, swing trader, or long-term investor, this tool helps you make informed and confident trading decisions.
Penunjuk Pine Script®
oleh tkarolak
SOLANA Performance & Volatility Analysis BB%Overview: The script provides an in-depth analysis of Solana's performance and volatility. It showcases Solana's price, its inverse relationship, its own volatility, and even juxtaposes it against Bitcoin's 24-hour historical volatility. All of these are presented using the Bollinger Bands Percentage (BB%) methodology to normalise the price and volatility values between 0 and 1. Key Components: Inputs: SOLANA PRICE (SOLUSD): The price of Solana. SOLANA INVERSE (SOLUSDT.3S): The inverse of Solana's price. SOLANA VOLATILITY (SOLUSDSHORTS): Volatility for Solana. BITCOIN 24 HOUR HISTORICAL VOLATILITY (BVOL24H): Bitcoin's volatility over the past 24 hours. BB Calculations: The script uses the Bollinger Bands methodology to calculate the mean (SMA) and the standard deviation of the prices and volatilities over a certain period (default is 20 periods). The calculated upper and lower bands help in normalising the values to the range of 0 to 1. Normalised Metrics Plotting: For better visualisation and comparative analysis, the normalised values for: Solana Price Solana Inverse Solana Volatility Bitcoin 24hr Volatility are plotted with steplines. Band Plotting: Bands are plotted at 20%, 40%, 60%, and 80% levels to serve as reference points. The area between the 40% and 60% bands is shaded to highlight the median region. Colour Coding: Different colours are used for easy differentiation: Solana Price: Blue Solana Inverse: Red Solana Volatility: Green Bitcoin 24hr Volatility: White Licence & Creator: The script adheres to the Mozilla Public Licence 2.0 and is credited to the author, "Volatility_Vibes". Works well with Breaks and Retests with Volatility Stop
Penunjuk Pine Script®
oleh Siziba_Wallace
Modified Smoothed Heiken AshiThis code is based on Smoothed HA candle which will work on all chart types condition for BUY: 1. When close crosses Smoothed HA 2.Close should be in side upper band 3.BBW must be greater than the average vice versa for sell this code takes data from HA chart so that it can be applied on all chart type. Bollinger band and Bollinger band width conditions added for removal of unwanted signals Alert added so that you can apply alert and check it in real time performance thanks to The Secret Mindset You tube channel from where I got the idea to convert this into a pine script indicator smooth HA taken from "Smoothed Heiken Ashi Candles v1" at //@jackvmk
Penunjuk Pine Script®
oleh TJalam
10
Moving Average Cross and/or Bbands botHello TradingView and world! This is one of our latest concepts for an actual bot builder. This script comes with a bunch of features that we're hoping will alleviate a lot of the stress and confusion around using and building strategies here on TV. Especially if the end-goal is to automate the strategies using Autoview. This is a combination of 2 strategies, and gives you full control of each component within the script. The 2 strategies are: 2 Moving Averages == if close is greater than moving average and moving average 1 is greater than moving average 2 Bolling Bands == if close is less than lower or greater than upper Features / Settings included : - Ability to change settings from a commodity market (default) to an altcoin or forex market. - Backtest time period selector component - Heiken Ashi Candles on/off - Moving Average Strategy on/off - Bollinger Bands Strategy on/off - Both Moving Average settings can be adjusted - Bollinger Bands length and multiplier can be adjusted. - Pyramiding Greater Than, Equal To, or Less Than - Trailing Stop with the ability to set a price in which the Trailing Stop activate - Take Profit on/off and editable - Stop Loss on/off and editable - Margin Call on/off dependent on Leverage which is editable - If pyramiding is used, the strategy will calculate and display your average on the chart - Profit and Loss visuals added to the chart You can watch a video here on how all the settings can be used and work together. www.youtube.com You can learn more about Autoview here: autoview.with.pink Get your invite and join us in slack here: slack.with.pink
Strategi Pine Script®
oleh CryptoRox
30
Bollinger BandsThis strategy is inspired from Power of Stock aka Subhasish Panni. Target is minimum 1:3 when you get this setup right. Buy when: 1) Low is greater than upper band of BB and next candle breaks high of that candle, SL is Low of previous candle which is has low above upper band. 2) High is lower than lower band of BB and next candle breaks high of that candle, SL is low of previous candle which has high lower than lower band. Sell when: 1) Low is greater than upper band of BB and next candle breaks low of that candle, SL is high of previous candle which is has low above upper band. 2) High is lower than lower band of BB and next candle breaks high of that candle, SL is high of previous candle which has high lower than lower band. Disclaimer: this setup will cause many small stoploss hit, you have to accept that loss but you will be profitable because of R:R.
Penunjuk Pine Script®
oleh fibonacci_wizard
(JS) VWAP BandsThis is a pretty simple script here - I took the VWAP and combined it with Bollinger Bands. The bands can vary a lot based on chart resolution, so I wanted to make sure the resolution could be modified so you can use the resolution you're most comfortable with, or find the most success with. Length: Length of bars used to calculate the bands. Standard Deviation Band 1-3: There's three bands all together, this option allows you to modify the number of standard deviations per band. VWAP Period: This modifies when you want the VWAP to begin (Session, Week, Month, Year). Offset: This moves the VWAP and the bands the amount of bars you select, default is of course set to zero. Source: This selects the source of calculation, HLC/3 is the default VWAP calculation. This is a pretty self explanatory script, I thought being able to see the standard deviations of the VWAP could prove to be useful - hope you all like it!
Penunjuk Pine Script®
oleh J-Streak
Sunil BB Blast Heikin Ashi StrategySunil BB Blast Heikin Ashi Strategy The Sunil BB Blast Heikin Ashi Strategy is a trend-following trading strategy that combines Bollinger Bands with Heikin-Ashi candles for precise market entries and exits. It aims to capitalize on price volatility while ensuring controlled risk through dynamic stop-loss and take-profit levels based on a user-defined Risk-to-Reward Ratio (RRR). Key Features: Trading Window: The strategy operates within a user-defined time window (e.g., from 09:20 to 15:00) to align with market hours or other preferred trading sessions. Trade Direction: Users can select between Long Only, Short Only, or Long/Short trade directions, allowing flexibility depending on market conditions. Bollinger Bands: Bollinger Bands are used to identify potential breakout or breakdown zones. The strategy enters trades when price breaks through the upper or lower Bollinger Band, indicating a possible trend continuation. Heikin-Ashi Candles: Heikin-Ashi candles help smooth price action and filter out market noise. The strategy uses these candles to confirm trend direction and improve entry accuracy. Risk Management (Risk-to-Reward Ratio): The strategy automatically adjusts the take-profit (TP) level and stop-loss (SL) based on the selected Risk-to-Reward Ratio (RRR). This ensures that trades are risk-managed effectively. Automated Alerts and Webhooks: The strategy includes automated alerts for trade entries and exits. Users can set up JSON webhooks for external execution or trading automation. Active Position Tracking: The strategy tracks whether there is an active position (long or short) and only exits when price hits the pre-defined SL or TP levels. Exit Conditions: The strategy exits positions when either the take-profit (TP) or stop-loss (SL) levels are hit, ensuring risk management is adhered to. Default Settings: Trading Window: 09:20-15:00 This setting confines the strategy to the specified hours, ensuring trading only occurs during active market hours. Strategy Direction: Default: Long/Short This allows for both long and short trades depending on market conditions. You can select "Long Only" or "Short Only" if you prefer to trade in one direction. Bollinger Band Length (bbLength): Default: 19 Length of the moving average used to calculate the Bollinger Bands. Bollinger Band Multiplier (bbMultiplier): Default: 2.0 Multiplier used to calculate the upper and lower bands. A higher multiplier increases the width of the bands, leading to fewer but more significant trades. Take Profit Multiplier (tpMultiplier): Default: 2.0 Multiplier used to determine the take-profit level based on the calculated stop-loss. This ensures that the profit target aligns with the selected Risk-to-Reward Ratio. Risk-to-Reward Ratio (RRR): Default: 1.0 The ratio used to calculate the take-profit relative to the stop-loss. A higher RRR means larger profit targets. Trade Automation (JSON Webhooks): Allows for integration with external systems for automated execution: Long Entry JSON: Customizable entry condition for long positions. Long Exit JSON: Customizable exit condition for long positions. Short Entry JSON: Customizable entry condition for short positions. Short Exit JSON: Customizable exit condition for short positions. Entry Logic: Long Entry: The strategy enters a long position when: The Heikin-Ashi candle shows a bullish trend (green close > open). The price is above the upper Bollinger Band, signaling a breakout. The previous candle also closed higher than it opened. Short Entry: The strategy enters a short position when: The Heikin-Ashi candle shows a bearish trend (red close < open). The price is below the lower Bollinger Band, signaling a breakdown. The previous candle also closed lower than it opened. Exit Logic: Take-Profit (TP): The take-profit level is calculated as a multiple of the distance between the entry price and the stop-loss level, determined by the selected Risk-to-Reward Ratio (RRR). Stop-Loss (SL): The stop-loss is placed at the opposite Bollinger Band level (lower for long positions, upper for short positions). Exit Trigger: The strategy exits a trade when either the take-profit or stop-loss level is hit. Plotting and Visuals: The Heikin-Ashi candles are displayed on the chart, with green candles for uptrends and red candles for downtrends. Bollinger Bands (upper, lower, and basis) are plotted for visual reference. Entry points for long and short trades are marked with green and red labels below and above bars, respectively. Strategy Alerts: Alerts are triggered when: A long entry condition is met. A short entry condition is met. A trade exits (either via take-profit or stop-loss). These alerts can be used to trigger notifications or webhook events for automated trading systems. Notes: The strategy is designed for use on intraday charts but can be applied to any timeframe. It is highly customizable, allowing for tailored risk management and trading windows. The Sunil BB Blast Heikin Ashi Strategy combines two powerful technical analysis tools (Bollinger Bands and Heikin-Ashi candles) with strong risk management, making it suitable for both beginners and experienced traders. Feebacks are welcome from the users.
Strategi Pine Script®
oleh sunilsenapati
Options Series - Explode BB⭐ Bullish Zone: ⭐ Bearish Zone: ⭐ Neutral Zone: The provided script integrates Bollinger Bands with different lengths (20 and 200 periods) and applies customized candle coloring based on certain conditions. Here's a breakdown of its importance and insights: ⭐ 1. Dual Bollinger Bands (BBs): Bollinger Bands (BB) with 20-period length: This is the standard setting for Bollinger Bands, with a 20-period simple moving average (SMA) as the central line and upper/lower bands derived from the standard deviation. These bands are used to identify volatility. Wider bands indicate higher volatility, while narrower bands indicate low volatility. 200-period BB: This is a longer-term indicator providing insight into the overall trend and long-term volatility. The 200-period bands filter out noise and offer a "macro" view of price movements compared to the 20-period bands, which focus on short-term price actions. ⭐ 2. Overlay of Bollinger Bands and SMA: The script plots the Bollinger Bands along with the SMA (Simple Moving Average) of the 200-period BB. This gives traders both a short-term (20-period) and long-term (200-period) perspective, which is valuable for detecting major trend shifts or key support and resistance zones. Using multiple time frames (20-period for short-term and 200-period for long-term) can help traders spot both immediate opportunities and overarching trends. ⭐ 3. Candle Coloring Based on Key Conditions: Bullish Signal (GreenFluroscent): When the price closes above the upper 200-period Bollinger Band, the candle turns green, indicating a potential bullish breakout. Bearish Signal (RedFluroscent): If the price closes below the lower 200-period Bollinger Band, the candle turns red, suggesting a bearish breakout. Neutral or Uncertain Market: Candles are gray when the price remains between the upper and lower bands, indicating a lack of a strong directional bias. This color-coded visualization allows traders to quickly assess market sentiment based on the Bollinger Bands' extremes. ⭐ 4. Strategic Importance of the Setup: Multi-timeframe Analysis: Combining short-term (20-period) and long-term (200-period) Bollinger Bands enables traders to assess the market's overall volatility and trend strength. The longer-term bands act as a reference for broader trend direction, while the shorter-term bands can signal shorter-term pullbacks or entry/exit points. Breakout Identification: By color-coding the candles when prices cross either the upper or lower 200-period bands, the script makes it easier to spot potential breakouts. This can be particularly helpful in trading strategies that rely on volatility expansions or trend-following tactics. ⭐ 5. Customization and Flexibility: Custom Colors: The script uses distinct fluorescent green and red colors to highlight key bullish and bearish conditions, providing clear visual cues. Simplicity with Flexibility: Despite its simplicity, the script leaves room for customization, allowing traders to adjust the Bollinger Band multipliers or apply different conditions to candle coloring for more nuanced setups. This script enhances standard Bollinger Band usage by introducing multi-timeframe analysis, breakout signals, and visual cues for trend strength, making it a powerful tool for both trend-following and mean-reversion strategies​​. 🚀 Conclusion: This script effectively simplifies volatility analysis by visually marking bullish, bearish, and neutral zones, making it a robust tool for identifying trade opportunities across multiple timeframes. Its dual-band approach ensures both trend-following and mean-reversion strategies are supported.
Penunjuk Pine Script®
oleh Options_Series
MTF BB+KC Avg Bollinger Bands (BB) are a widely used technical analysis created by John Bollinger in the early 1980’s. Bollinger Bands consist of a band of three lines which are plotted in relation to instrument prices. The line in the middle is usually a Simple Moving Average (SMA) set to a period of 20 days (The type of trend line and period can be changed by the trader; however a 20 day moving average is by far the most popular). This indicator does not plot the middle line. The Upper and Lower Bands are used as a way to measure volatility by observing the relationship between the Bands and price. Typically the Upper and Lower Bands are set to two standard deviations away from the middle line, however the number of standard deviations can also be adjusted in the indicator. Keltner Channels (KC) are banded lines similar to Bollinger Bands and Moving Average Envelopes. They consist of an Upper Envelope above a Middle Line (not plotted in this indicator) as well as a Lower Envelope below the Middle Line. The Middle Line is a moving average of price over a user-defined time period. Either a simple moving average or an exponential moving average are typically used. The Upper and Lower Envelopes are set a (user-defined multiple) of a range away from the Middle Line. This can be a multiple of the daily high/low range, or more commonly a multiple of the Average True Range. This indicator is built on AVERAGING the BB and KC values for each bar, so you have an efficient metric of AVERAGE volatility. The indicator visualizes changes in volatility which is of course dynamic. What to look for High/Low Prices One thing that must be understood about this indicator's plots is that it averages by adding BB levels to KC levels and dividing by 2. So the plots provide a relative definition of high and low from two very popular indicators. Prices are almost always within the upper and lower bands. Therefore, when prices move up near the upper or lower bands or even break through the band, many traders would see that price action as OVER-EXTENDED (either overbought or oversold, as applicable). This would preset a possible selling or buying opportunity. Cycling Between Expansion and Contraction Volatility can generally be seen as a cycle. Typically periods of time with low volatility and steady or sideways prices (known as contraction) are followed by period of expansion. Expansion is a period of time characterized by high volatility and moving prices. Periods of expansion are then generally followed by periods of contraction. It is a cycle in which traders can be better prepared to navigate by using Bollinger Bands because of the indicators ability to monitor ever changing volatility. Walking the Bands Of course, just like with any indicator, there are exceptions to every rule and plenty of examples where what is expected to happen, does not happen. Previously, it was mentioned that price breaking above the Upper Band or breaking below the Lower band could signify a selling or buying opportunity respectively. However this is not always the case. “Walking the Bands” can occur in either a strong uptrend or a strong downtrend. During a strong uptrend, there may be repeated instances of price touching or breaking through the Upper Band. Each time that this occurs, it is not a sell signal, it is a result of the overall strength of the move. Likewise during a strong downtrend there may be repeated instances of price touching or breaking through the Lower Band. Each time that this occurs, it is not a buy signal, it is a result of the overall strength of the move. Keep in mind that instances of “Walking the Bands” will only occur in strong, defined uptrends or downtrends. Inputs TimeFrame You can select any timeframe froom 1 minute to 12 months for the bar measured. Length of the internal moving averages You can select the period of time to be used in calculating the moving averages which create the base for the Upper and Lower Bands. 20 days is the default. Basis MA Type Determines the type of Moving Average that is applied to the basis plot line. Default is SMA and you can select EMA. Source Determines what data from each bar will be used in calculations. Close is the default. StdDev/Multiplier The number of Standard Deviations (for BB) or Multiplier (for KC) away from the moving averages that the Upper and Lower Bands should be. 2 is the default value for each indicator.
Penunjuk Pine Script®
oleh HS_TA_
Smart Mean Reversion DashboardThis indicator is designed to help traders identify potential mean reversion opportunities using a combination of Bollinger Bands, RSI, and deviation from the moving average. It provides a clean, visually appealing dashboard that displays key metrics and signals in real-time. How to Read and Use: Deviation from Mean: Displays the percentage deviation of the current price from the moving average. A high positive or negative deviation may indicate overextension and a potential mean reversion opportunity. Bollinger Band Status: Indicates whether the price is inside or outside the Bollinger Bands. "Outside Upper" suggests overbought conditions, while "Outside Lower" suggests oversold conditions. RSI Status: Shows whether the RSI is in overbought (>70), oversold (<30), or neutral conditions. Overbought and oversold levels can confirm potential reversal zones. Signal: BUY: Triggered when the price is outside the lower Bollinger Band and RSI is in the oversold zone. SELL: Triggered when the price is outside the upper Bollinger Band and RSI is in the overbought zone. WAIT: No clear signal; wait for better conditions. Important Notes: This is NOT a buy or sell recommendation. This indicator is a tool to assist in identifying potential trading opportunities. Always use it in conjunction with your own analysis and risk management. The signals generated by this indicator are based on historical data and do not guarantee future performance. It is recommended to use this indicator alongside other technical analysis tools and confirm signals with price action or other strategies. Features: Dashboard: Displays deviation, Bollinger Band status, RSI status, and signals in a clean, movable interface. Customizable Settings: Adjust Bollinger Band length, RSI length, and moving average length to suit your trading style. Visual Enhancements: Color-coded signals and metrics for easy interpretation in both light and dark modes. Disclaimer: Trading involves significant risk, and past performance is not indicative of future results. This indicator is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making trading decisions.
Penunjuk Pine Script®
oleh darshakssc