Bollinger Bands Stochastic RSI Extreme Signal

This is the finalized code released to the public that I created in a video linked here.

This indicators combines a Bollinger Band and Stochastic RSI to produce signals for possible price reversal. The signals are displayed by default as green arrows for bullish and red arrows for bearish .

To trigger a signal the indicator checks for the following:

( Bullish )

( Bearish )

Notas de Lançamento: Added alert functionality
Script de código aberto

No verdadeiro espírito TradingView, o autor deste script o publicou com código aberto, para que os traders possam compreendê-lo e verificá-lo. Um brinde ao autor! Você pode usá-lo gratuitamente, mas a reutilização deste código em uma publicação é regida pelas Regras da Casa. Você pode favoritá-lo para utilizá-lo em um gráfico.

Quer usar esse script no gráfico?
"Be to others the person you needed to meet 10 years ago"

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Twitter: @noroktrade


I can only use 3 indicators on free tradingview account. I like Stochastics, Bollinger Bands and RSI (MACD too). Will this accomplish the job of at least the 1st three? I want my RSI set at 4, I assume I can edit that. Also I don't see the Stochastics and RSI on the photo above. I assume Bollinger bands are on the outside, where is stochastics high and low and RSI band? I only set it to the 50% line.
+1 Resposta
If you use the Pivot Point Supertrend indicator in your indicator, your indicator success rate will increase.

Whenever the price of the green line was high and the stoch rsi conditions were in the range of 0 to 10, a purchase order should be issued
For sale, whenever the price was below the red line and the stoch rsi conditions were in the range of 100 to 90, a sell order should be issued.

You can even delete the Bollinger Bands bet

Contact me to send you the photo

Telegram: @Ok23231
This indicator only works proper only on Weekly time frame.
cool, thanks
btw-it says Upper Limit 2 times under Input in Settings
Great work! Thanks. Very helpful!
I converted your indicator to a strategy and tried trading the E-Mini S&P 500 1 second chart today and made $1300. You can convert it using code below simply paste it at bottom below alerts and change study to strategy.
TradingSafely TradingSafely
tradingtimes = input('0000-0000', type=input.session, title="Defined Trading Hours")

timeinrange(res, sess) =>
not na(time(res, sess))
trade_period2 = timeinrange("1", tradingtimes)

bgcolor(trade_period2 ? #0aaf5b : na, title="Session Background")

longCondition = time(timeframe.period, tradingtimes) != 0
longCondition1 = Bull
if (longCondition and longCondition1)
strategy.entry("BUY", strategy.long)

shortCondition = time(timeframe.period,tradingtimes) != 0
shortCondition1 = Bear
if (shortCondition and shortCondition1)
strategy.entry("SELL", strategy.short)
TradingSafely TradingSafely
@TradingSafely, pyramiding set to 7 I was trading the Micro E-Mini not the E-mini
productbuyer0 TradingSafely
@TradingSafely, Is there a script for a STRATEGY for these signals? I see the changes you made to convert it from signals to strategy, but I'm not completely sure how to make the changes myself in the script. Sure, I know about the code, but just want to be certain it's been changed based on what has been working for you. Thanks for any help you can give. Scott
TradingSafely productbuyer0
@productbuyer0, on line 2 change study to strategy then copy and paste my code on line 54. Hope this helps.