Bollinger Bear Sniper/Study — Indicator by azuco

oscillator volatility breadthstudies bollingerbandstrategy bollingerbandswidth

This is a simple study with buys and sells alerts. This study uses Bollinger Bands to identify strong candles, buys in the middle of candle and sells on the close of candle without holding any position longer than the period of the candle. This is for those who want to make small profit or loss and move on rather than hodling in down trend market. With this approach, bags and hodling are avoided. You either gain on each candle or lose. When your gains are more than your loses then you are in good business.

Since buys are made on candles that have shown strong upward movement and sells on the close of the same candle, loses or completely minimized. This ensures that higher percentage of the transactions result in profit. This works best when use on 30 minutes or above candles.

Use it at your own risk we are NOT responsible.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact azuco for more information, or follow the author's instructions below.

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