Bollinger Bands Stochastic RSI Extreme Signal

16. Nov. 2020

This is the finalized code released to the public that I created in a video linked here.

This indicators combines a Bollinger Band and Stochastic RSI to produce signals for possible price reversal. The signals are displayed by default as green arrows for bullish and red arrows for bearish.

To trigger a signal the indicator checks for the following:

(Bullish)

• A candle closes above the upper Bollinger Band
  
• The following candle closes within the upper Bollinger Band
  
• The RSI Stochastic is below the set threshold (10 by default)
  

(Bearish)

• A candle closes below the lower Bollinger Band
  
• The following candle closes within the lower Bollinger Band
  
• The RSI Stochastic is above the set threshold (90 by default)
  

11. Jan. 2021

Versionshinweise

Added alert functionality