OPEN-SOURCE SCRIPT
Bollinger Bands By CryptoLawyer1
Aktualisiert
This is a simple cross under/over script, if the close is lower than the lower band SELL, if it has crossed above buy/close short
the script is equipped with a 55 SMA signal filter for less noise, you can customize the lengths based on the pair and time frame, i would recommend using higher lengths on lower timeframes and lower length on higher time frames, example : 1Week: 13L, 2Hours: 55L, 15Minutes: 200L
Important Note ⚠: the ideal signal is a trend reversal and not a continuation, same goes for long and short signals, you should take short signal if the price has been going up and the bands are green for a long enough time, and the high's have crossed over the upper bands at least 3-4 times same goes for long, you should find a down trend that has been going on for a good enough time, so in simple words search for reversal not continuation signals, if you have any questions feel free to ask, happy trading!
the script is equipped with a 55 SMA signal filter for less noise, you can customize the lengths based on the pair and time frame, i would recommend using higher lengths on lower timeframes and lower length on higher time frames, example : 1Week: 13L, 2Hours: 55L, 15Minutes: 200L
Important Note ⚠: the ideal signal is a trend reversal and not a continuation, same goes for long and short signals, you should take short signal if the price has been going up and the bands are green for a long enough time, and the high's have crossed over the upper bands at least 3-4 times same goes for long, you should find a down trend that has been going on for a good enough time, so in simple words search for reversal not continuation signals, if you have any questions feel free to ask, happy trading!
Versionshinweise
removed some unnecessary lines, nothing to be mentioned Versionshinweise
Bug fixesVersionshinweise
Depreciation Warning Fixes Versionshinweise
Deprecation Warning FixesVersionshinweise
now the filters length changes automatically when you change the timeframe!if you wanna keep doing it manually retrieve previos version simply and you will get a filter input option happy trading!
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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