JustUncleL

Bollinger Awesome Alert R1 by JustUncleL

This indicator is an implementation of the Bollinger Band and Awesome Oscillator Scalping system.

This technique is for those who want the most simple method that is very effective. It is BEST traded during the busiest trading hours, 3am to 12am EST NY time. This method doesn't work in sideways markets, only in volatile trending markets.

Time Frames: 1, 5, 10, 15 ,30 min.
Currency pairs: majors.

Other Chart indicators:

Here's the strategy:

Going LONG:
Enter a long position when the black 3 EMA has crossed up through the Bollinger red middle band MA. At the same time, the Awesome should be approaching or crossing it's zeroline, going up. This is indicated by "Buy" alert.

Going SHORT:
Enter a short position when the black 3 EMA has crossed down through the Bollinger red middle band MA. At the same time, the Awesome should be approaching or crossing it's zero line, going down. This is indicated by the "Sell" Alert.

Take profit:
10-20 pips depending on pair or When Awesome Oscillator turns a different colour.

HINTS: Best trades tend to occur when price reversing bounce off outer band and outside the Optional Bollinger Squeeze indication.
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JustUncleL
Hola Bro como coloco ese indicador BBAWE
Resposta
I just started trading a few months ago and I have a handful of trades under my belt now but this is my favorite tool that I've seen and used. I do my research on the stock and then I use this and watch the trend. Thank you so much for this tool and all of your scripts.
Resposta
Hi, is I'm looking to use this with Autoview to automate my trades. Is there any way to add an alert for when the buy/sell signals appear? Thanks
+4 Resposta
MDicko123 MDicko123
I'm currently testing out your Bollinger Awesome Alert R1 strategy, it looks great however I'm trying to implement TV alerts for the BUY and SELL alerts. I've added alerts using 'BAWE alert - Breakout Down' for sell alert and 'BAWE alert - Breakout Up' for a buy alert.

The problem seems to be that when a line crosses up or down, both alerts are triggered. I am planning to test this out with a bot however the alerts will only block each other. For some reason, the line crossing up seems to also trigger a down/sell alert and vice versa.

Is there perhaps a workaround this, does the crossing know the difference between going up or down at all?

Thanks for your time, look forward to hearing from you! :)
Resposta
JustUncleL MDicko123
@MDicko123, You should only need to add two extra alertcondtion() calls to generate the association alerts for the TradingView Alarm subsystem, something like this after line 113

alertcondition( break_down, title = "BBAWE Down", message = "BBAWE Down" )
alertcondition( break_up, title = "BBAWE Up", message = "BBAWE Up" )
+3 Resposta
MDicko123 JustUncleL
@JustUncleL, That worked perfectly. Thank you so much!
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caimano MDicko123
@MDicko123, add this to my Autoview for this freaking sideways market. HOw you have set the alert:

Breakout down ----> BBAWE down ----->trigger buy order
Breakout up ---->BBAWE up ------->trigger sell order?
any suggestion?
Resposta
MDicko123 caimano
@caimano, That should work. I've not used it for a few months to be honest. Just have to play around with it to see what works.
Resposta
Good evening - thank you very much for your hard work and sharing spirit! I am trying to create a screener setting that can alert me prior to / during a "buy" signal getting triggered. I am not certain what to manipulate within the screener. For example, would I set 10 EMA crossing over 20 SMA (would prefer to use the 3 EMA, but, that option is not available in the screener settings) to help me identify when this situation is coming?

Thank you very much in advance for your time
Resposta
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