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Bands and Channels Moving Averages Oscillators bollingersband movingavarage stochasticoscillator
50
1
bandsandchannels movingaverage oscillator bollingersband movingavarage stochasticoscillator
Works better for Cryptos (1W and greater than) timeframes.

This strategy incorporates multiple indicators to make informed trading signals. It leverages the Stochastic indicator to assess price momentum, utilizes the Bollinger Band to identify potential oversold and overbought conditions, and closely monitors Moving Averages to gauge the trend's bullish or bearish nature.

A long signal will be displayed if the following conditions are met:

  • The Stochastic D and Stochastic K both indicate an oversold condition, with Stochastic K being lower than Stochastic D.
  • The current Price Low is below the Bollinger Lower Band.
  • The Price Close is currently below all Moving Averages.
  • A Death Cross pattern has formed among the Moving Averages.

A short signal will be displayed if the opposite of the long conditions are true:

  • The Stochastic D and Stochastic K both indicate an overbought condition, with Stochastic K being higher than Stochastic D.
  • The current Price High is above the Bollinger Upper Band.
  • The Price Close is currently above all Moving Averages.
  • A Golden Cross pattern has formed among the Moving Averages.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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