Bollinger Band is a technical analysis tool using 2 standard deviations (positively and negatively) plotted away from a simple moving average (SMA), and can be modified as per user preferences.
Bollinger Band was designed to discover opportunities when a scrip is oversold or overbought.
Directional Indication:
Useful Parameters & Settings:
Alert Message:
Type in the alert message as "{{strategy.order.alert_message}}"
How To Access, Setup, Integrate & Execute Live Alerts?
www.algome.in/post/h...lerts-on-tradingview
Bollinger Band was designed to discover opportunities when a scrip is oversold or overbought.
Directional Indication:
- Enter LONG position when Source(Close) crosses above Basis
- Enter SHORT position when Source(Close) crosses below Basis
Useful Parameters & Settings:
- Set Length, Multiplier, Offset & Time Frame values that best suits
- To trade on the Real-time bar, Go to Strategy Settings >> Properties >> Recalculate and select the "On Every Tick" option.
- Untick the "Signal Labels" option from Settings >> Style property window for a clean chart view.
Alert Message:
Type in the alert message as "{{strategy.order.alert_message}}"
How To Access, Setup, Integrate & Execute Live Alerts?
www.algome.in/post/h...lerts-on-tradingview