OPEN-SOURCE SCRIPT
Sb_Rate_Of_Change_BB_Band_strategy Version 1.0
The strategy couples the concept of rate of change along with the Bollinger bands.
Along with it LazyBear's RSI/MFI with Volatility Indicator is also taken to reduce the number of trades and improve efficiency.
Strategy (in Layman terms):
If in the past 10 candles RSI/MFI with Volatility Indicator has printed a red/green colour and the roc has gone above/below the Bollinger bands then the short/long order is placed respectively.
Message if you think of any modifications/ enhancements/ any opportunities. :)
Donations/Tips... :) -
BTC: 1BjswGcRR6c23pka7qh5t5k56j46cuyyy2
ETH: 0x64fed71c9d6c931639c7ba4671aeb6b05e6b3781
LTC: LKT2ykQ8QSzzfTDB6Tnsf12xwYPjgq95h4
Along with it LazyBear's RSI/MFI with Volatility Indicator is also taken to reduce the number of trades and improve efficiency.
Strategy (in Layman terms):
If in the past 10 candles RSI/MFI with Volatility Indicator has printed a red/green colour and the roc has gone above/below the Bollinger bands then the short/long order is placed respectively.
Message if you think of any modifications/ enhancements/ any opportunities. :)
Donations/Tips... :) -
BTC: 1BjswGcRR6c23pka7qh5t5k56j46cuyyy2
ETH: 0x64fed71c9d6c931639c7ba4671aeb6b05e6b3781
LTC: LKT2ykQ8QSzzfTDB6Tnsf12xwYPjgq95h4
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.