OPEN-SOURCE SCRIPT
Bollinger Bands Strategy by NJ
Bollinger Bands Strategy," leverages Bollinger Bands to make trading decisions. Bollinger Bands consist of three key components: a basis line (moving average), an upper band, and a lower band, which are calculated using the standard deviation of price movements.
Logic:
Entry Condition (Long): A long position is entered when the close price rises above the upper Bollinger Band, signaling a potential breakout or strong upward momentum.
Exit Condition: The long position is closed when the close price falls below the lower Bollinger Band, indicating potential downward pressure.
Features:
Users can adjust the moving average type, lookback length, and standard deviation multiplier to fit their trading style.
Trades are executed within a specified date range, which can be customized via inputs.
The strategy uses 100% of capital for each trade and incorporates commission and slippage into the performance calculation.
This strategy is suitable for trend-following traders looking to capture significant price movements using Bollinger Bands as the primary indicator.
Logic:
Entry Condition (Long): A long position is entered when the close price rises above the upper Bollinger Band, signaling a potential breakout or strong upward momentum.
Exit Condition: The long position is closed when the close price falls below the lower Bollinger Band, indicating potential downward pressure.
Features:
Users can adjust the moving average type, lookback length, and standard deviation multiplier to fit their trading style.
Trades are executed within a specified date range, which can be customized via inputs.
The strategy uses 100% of capital for each trade and incorporates commission and slippage into the performance calculation.
This strategy is suitable for trend-following traders looking to capture significant price movements using Bollinger Bands as the primary indicator.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
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