OPEN-SOURCE SCRIPT
Bollinger Band Breakout Positional Strategy- BN -15M
This strategy consists of following criteria:
Buy:
1. Candle should have RSI is above 60 and Close above Bollinger band upper limit
2. Exit When candle is closed below 20MA
Sell:
1. Candle should have RSI is above 40 and Close below Bollinger band lower limit
2. Exit When candle is closed above 20MA
Checkout results.
Buy:
1. Candle should have RSI is above 60 and Close above Bollinger band upper limit
2. Exit When candle is closed below 20MA
Sell:
1. Candle should have RSI is above 40 and Close below Bollinger band lower limit
2. Exit When candle is closed above 20MA
Checkout results.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.