BoneDry Modified Strategy
The original settings for BoneDry are as follows:
RSI period – 4
RSI Oversold Threshold – 37
Bollinger Bands Period – 22
Bollinger Band Upper Deviation – 2
Bollinger Band Lower Deviation – 2
Bollinger Band MA-Type – SMA (many use KAMA or TRIMA)
RSI Period – 4
RSI Oversold Threshold - 37
The differences with this script from the original strategy:
Instead of buying when the price drops below the lower bollinger band, it buys when a moving average crosses above it. This reduces the total amount of purchases and hopefully makes better buys.
Multiple moving average types for the Buy/Sell line are available, and the source of the MA can be changed.
Instead of selling at set percentage it sells when the MA crosses below the upper bollinger band. The intent of this is to exit out at better times for more profit and reduce losses.
The source for the bollinger band can be changed. It was hoped that by allowing this, an additional few percent profit could potentially be squeezed out.
Heikin-Ashi Candles are available as an option.
The displayed chart uses the following settings (there are likely better settings):
Length – 22
BB source – close
STDdev Upper-2.2
STDdev Lower-2.2
BB MA Type – KAMA
LMSA Offset – 1
RSI Period – 8
RSI Source – close
RSI Buy-In Value – 34
MA Type For Buy And Sell Line – LSMA
Buy and Sell Line Length – 2
Buy And Sell Line Source – close
The time period tested is from 4/20/2018 to 5/9/2019
Changed the Buy and Sell line into two separate lines. Both lines have multiple sources, MA types, and both can be shifted vertically in the hopes it would allow superior positioning for buying and selling.
Added an upper RSI threshold required to be met before a sell is placed to gain more profit.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Ripple737 directly.
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Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Ripple737 directly.
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.