Blockunity Unyx Bands (BUB)
Usage Advice
This strategy can only be used on certain defined assets, for which we have adjusted its parameters to obtain optimized results. It is ideally used on a daily timeframe, but more compatibility will come. To see the list of available assets and time units, please refer to the changelog available on TradingView. It is recommended to use your chart in logarithmic scale.
The Different Elements And Signals
The main component is a derivative of the RSI. It measures the amplitude of the movements of the selected asset to evaluate if it is overbought or oversold. It is ranged from 0 to 100.
Around the RSI are Bollinger Bands indicating the overbought and oversold areas mentioned earlier. When the RSI re-enters the bands from above, the strategy will indicate a Short signal (sell – price down). When the RSI re-enters the bands from below, the strategy will indicate a Long signal (buy – price up).
In the background, the strategy also calculates a trend indicator, so that you always take a position in the same direction as the market trend.
Finally, we find the trading arrows/signals on the chart. They allow you to apply the strategy described above, by opening long and short positions, as well as closing these positions. The blue arrows indicate the opening of a Long (buy) position, while the red arrows indicate the opening of a Short (sell) position. The purple arrows indicate the closing of the positions. However, a Short signal that precedes a Long trade should also be interpreted as a signal to close the Long position. Conversely, a Long signal that precedes a Short trade should also be interpreted as a signal to close the Short position.
- Strategy can only be used on BTCUSDT, BTCUSD, ETHUSDT, ETHUSD, BNBUSDT and BNBUSD pairs (Further pairs will be added over time).
- Implementation of a Stop Loss feature. The User can decide if they want to use a Stop Loss or not. Desactivated by default. Range from 2% to 20%.
- Added alerts:
1. Click on the “Alert” tab on top of the window.
2. In the pop-up window, select the Strategy in “Condition” and select “alert() function calls only”.
3. Set an expiration date and an alert name (personalized).
4. In the “Notifications” tab, select in which way you want to be alerted.
5. If you want to add alerts on ETH and BNB, you will have to do these steps again.
6. To manage existing alerts, go on the right side and click the clock icon.
- Alerts trigger was corrected to avoid double alerts (ex: sending a long alert when already in a long position).
- Added compatible assets and 4h timeframe.
- The complete list of compatible assets is now as follows: BTC, ETH, BNB, MATIC, ADA, ALGO, CHZ, DOT.
- Addition of the "Trend Stop Loss" function. When enabled, it will close the current position if a trend change occurs, to avoid keeping an open position against the trend. This setting is enabled by default.
- Change of some labels and tooltips.
Added BUSD and USDC pairs to BTC.
- Improved tooltips.
- Changed information in the table (Changed from Signal to Zone, added Position and Trend).
- Added option to take volume into consideration when triggering BUB signals, adding an additional security feature to avoid false signals. However, overall performance is reduced. Disabled by default.
- New data table design. Moreover, it is now fully configurable.
- A few other design adjustments.
- Trading signals (Long, Short, Close, Stop Loss).
Other Updates:
- Addition of an error message when the strategy is not compatible.
- Code optimization.
- Integration of the option to activate only Longs or Shorts in the strategy from the indicator parameters.
- Added a language selector to switch between English and French.
- Updated default backtest end date.
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Blockunity directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
app.blockunity.io/
unyx-data.com/
contact@blockunity.io
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Blockunity directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
app.blockunity.io/
unyx-data.com/
contact@blockunity.io