OPEN-SOURCE SCRIPT
Bollinger Band Open Gap Alert V1
This is the bare bones of what I'm trying to achieve through pine script. The purpose of the script is to:
1. On a 15m chart, calculate and plot upper & lower Bollinger bands and simple moving average of 20 periods. (DONE)
2. On a new day, when the first 15m candle of a session forms, I want to check if a) the low of the new candle is outside the upper Bollinger band (also known as an open gap up) or b) if the high of the candle is the outside the lower Bollinger band (also known as open gap down). In other words, I want to know if the Bollinger Bands are not touching the new candle's wicks/shadows. (DONE)
3. Alert me if the above happens. (DONE)
4. Run the indicator through an entire watch list. I'm not sure if that's possible, yet. (HELP)
For the above job, this is what I could come up with. I need guidance for the last step. And any suggestions for corrections or improvements would be greatly appreciated!
1. On a 15m chart, calculate and plot upper & lower Bollinger bands and simple moving average of 20 periods. (DONE)
2. On a new day, when the first 15m candle of a session forms, I want to check if a) the low of the new candle is outside the upper Bollinger band (also known as an open gap up) or b) if the high of the candle is the outside the lower Bollinger band (also known as open gap down). In other words, I want to know if the Bollinger Bands are not touching the new candle's wicks/shadows. (DONE)
3. Alert me if the above happens. (DONE)
4. Run the indicator through an entire watch list. I'm not sure if that's possible, yet. (HELP)
For the above job, this is what I could come up with. I need guidance for the last step. And any suggestions for corrections or improvements would be greatly appreciated!
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.