KhoiHV - Bollinger Bands Buy/Sell Area Pro

5 days ago

Bollinger Bands Buy/Sell Area Pro is a professional-grade indicator designed to identify potential trading opportunities based on Bollinger Bands. It highlights dynamic buy and sell areas by combining price action with volatility, helping traders quickly visualize market conditions.

✨ Key Features

Automatically plots upper, middle, and lower Bollinger Bands.

Marks Buy Areas when price enters oversold zones near the lower band.

Marks Sell Areas when price enters overbought zones near the upper band.

Configurable inputs for length, source, and multiplier to fit any trading style.

Easy-to-read chart visuals with colored zones for instant recognition.

💡 How to Use

Look for Buy Areas near the lower band in trending markets to catch potential rebounds.

Watch for Sell Areas near the upper band to anticipate possible pullbacks.

Combine with volume, momentum, or trend indicators for stronger confirmation.

This tool is especially useful for traders who want a clear, visual edge in spotting volatility-based entries and exits without constantly recalculating signals.

4 days ago

Release Notes

### Introduction to "KhoiHV - Bollinger Bands Buy/Sell Area Pro"

**KhoiHV - Bollinger Bands Buy/Sell Area Pro** is an advanced **technical indicator** built on the **TradingView** platform. It helps traders identify potential buy/sell zones in the stock market or other financial instruments. This indicator combines **Bollinger Bands**, **Moving Averages (MA)**, and **MACD** to generate more accurate buy/sell signals.

### Key Features:

1. **Bollinger Bands (BB)**:

* Calculated with a 20-period length and a default multiplier of 2, Bollinger Bands help identify price volatility. When the price approaches or exceeds the **Upper** or **Lower** bands, the indicator alerts the user to possible trend reversals.

2. **Moving Averages (MA)**:

* Includes various MAs such as **MA10**, **MA20**, **MA50**, **MA100**, and **MA200**, which help determine both short-term and long-term market trends. Specifically, when the **price crosses** above or below key MAs, the indicator provides strong buy/sell signals.

3. **MACD**:

* The MACD indicator is a powerful momentum tool used to identify price trends and momentum shifts. When the **MACD Line crosses above** (bullish) or **below** (bearish) the **Signal Line**, it signals a buy or sell opportunity.

4. **Buy/Sell Zones**:

* **Buy Zone** is identified when conditions such as MACD crossing above and price crossing above MA20 are met, and the price is within the **Bollinger Bands** range. This suggests a potential upward movement.
* **Sell Zone** is identified when MACD crosses below and price crosses below MA20, while the price also lies within the Bollinger Bands range. This indicates a possible downward movement.

5. **Smart Alerts**:

* **Buy Signals** are triggered when conditions like price crossing above MA20 and MACD crossing above are met, with confirmation from the Bollinger Bands and other MAs.
* **Sell Signals** occur when price crosses below MA20 and MACD crosses below, with other technical factors supporting the signal.

6. **Coloring Between Upper and Lower Bollinger Bands**:

* When the price is within the Bollinger Bands range, the indicator colors these areas to highlight important zones for traders. The color changes based on the buy/sell signals and trend strength.

### **How to Use**:

1. **Buy Zone**:

* When the price crosses above MA20, the MACD crosses above the Signal Line, and the price is within the **Lower Bollinger Band** or showing upward momentum, this is a strong **buy** signal.

2. **Sell Zone**:

* When the price crosses below MA20 and MACD crosses below the Signal Line, this is a **sell signal** suggesting a potential market decline.

3. **Alert Setup**:

* The indicator automatically sets up **alertconditions** to notify traders when buy or sell signals are triggered, ensuring no opportunities are missed.

### **Benefits of the Indicator**:

* **Multiple Indicator Integration**: The indicator combines **Bollinger Bands**, **Moving Averages**, and **MACD**, allowing for a more robust and accurate trading strategy.
* **Suitable for Various Trading Strategies**: The buy/sell signals are suitable for both short-term and long-term trading strategies.
* **Clear and Easy-to-Follow Signals**: With color-coded areas and alerts, the indicator makes it easier for traders to identify market opportunities without spending too much time analyzing.

### **Practical Applications**:

* **Scalping**: When the market shows significant volatility in a short period, the indicator helps identify quick entry and exit points.
* **Swing Trading**: Clear buy/sell zones combined with long-term MAs help traders determine the best entry and exit points for medium-term trends.
* **Position Trading**: Long-term strategies can benefit from signals provided by this indicator, as it integrates long-term MAs like MA200 to capture large price movements over time.

### **Conclusion**:

**KhoiHV - Bollinger Bands Buy/Sell Area Pro** is a powerful and versatile tool that helps traders not only pinpoint the right entry and exit points but also provides automatic alerts when major market changes occur. It’s especially useful for traders who want to track multiple indicators at once and leverage the strong signals provided by **Bollinger Bands**, **Moving Averages**, and **MACD**. This indicator is perfect for both novice and experienced traders looking to enhance their technical analysis.

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.

KhoiHV

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

KhoiHV