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Obi-wanClintobe

CDub's BolBands Setup

Obi-wanClintobe  
Bollinger Bands (BB) bands trend fade script enter exit
135
2
bollingerbands bands trend fade script enter exit
Uses a set of Bollinger Bands (user defined deviation, user defined deviation * 2) to determine possible entry set ups.

Signals are triggered when price crosses the first band (closest to the baseline MA) in the desired direction.

baseline can be your take profit 1 target
The inside band determines entry and can be used as a take profit 2 target (Opposite side of baseline)
The outside band is a suggested stop loss target (Same side of baseline) and can be used as a take profit 3 target (Opposite side of baseline)

Suggestions are welcome!

-CDub
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

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