OPEN-SOURCE SCRIPT

ViVen-Multi Time Frame Bollinger Band Strategy

This indicator created to identify the strong Support and Resistance levels based on the Bollinger Bands. When two different time frame Bollinger Bands are travelling together then its a strong Support or Resistance Levels.

I have added 5 Min, 15 Min, 30 Min, 1 Hr and 1 Day time frame Bollinger Bands in one Chart. You can select and combine whichever the TF you want.

Default values considered - Period - 20 and Std.Dev is 2

You can on/off the indicator based on the requirement.

Trade plan:


  • BUY - When price comes near to the Bottom Bollinger Band level (look for candle confirmation is plus). If multiple Bollinger bands travels together then is Strong Support. (Exit if Price Breaks down the BB)


  • SELL - When price reaches the Upper Bollinger Band level (look for candle confirmation is plus). If multiple Bollinger bands travels together then is Strong Support. (Exit if Price Breaks Up the BB)


  • Middle Line - is the 20 SMA line


When the Gap between Upper and Lower Band is narrow then we can expect a trending movement soon.
bollingbandsbollingerbandsqueezebollingerbandstrategyBollinger Bands Width (BBW)Moving AveragesTrend AnalysisVolatility

Script de código aberto

No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.

Quer usar esse script no gráfico?


Também em:

Aviso legal