QuantNomad

Fibonacci Bollinger Bands Strategy [QuantNomad]

This strategy is modified Stanard Bollinger Bands Strategy. Instead of using standard deviation, I use a metric of how big is the range for the last X bars. Also, I’m using Fibonacci levels as multipliers for BB.

In this strategy you have a choice of 3 different Trailing Stop Loss types:

  • Standard % – standard percent based TSL
  • Fibonacci Level – close your position on another Fibonacci level or basis line of BB.
  • Parabolic SARParabolic SAR adapted as trailing stop loss.

For Standard % and Parabolic SAR , you can use the “TSL Offset” parameter to set an initial offset for trailing stop loss.

Parameters

  • BB Length – Bolinger Bands Length
  • Fib Entry Level – Entry BB Multiplier level. Can be one of Fibonacci levels: 0.236, 0.382, 0.5, 0.618, 0.786, 1.000
  • Trailing SL Type – Type of Trailing Stop Loss used to close positions. Can be one of 3 types: “Standard %”, “Fibonacci Level”, “Parabolic SAR”
  • TSL Offset (%) – Initial offset for TSL . Applicable to “Standard %” and “Parabolic SAR”
  • TSL Fib Level – Fibonacci level used for “Fibonacci level” type of TSL
  • TSL PSAR Start / Increment / Maximum – parameters for PSAR type of TSL .
  • Strategy side – you can choose the side of the strategy. You can require strategy to go only Long, Short to Both sides.
  • From/To Day/Month/Year – you can use these parameters to set backtesting range to check the performance of your strategy on a specific range

It's a pro indicator, you can have access to it for a small fee. Link to my PRO indicators you can find in my signature.



Disclaimer

Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.


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Comments

so geat! Can i use it? thanks sir
+4 Reply
Sir,
Can you send me this indicator my tradingview ID:-vijayrajpal
+2 Reply
Hi,

Can you provide me access to this indicator? my id is - kapilvijay
Reply
its okay hopefully not using the default STDEV.
Reply
Hey!
I've added it to my favorites, can you please grant me permission to use the scipt?
Thank You
Reply
QuantNomad VatsalBindal
@VatsalBindal, This indicator is invite-only. Sent you via PM details about it.
Reply
hi how can i show rsi value to belowbar any idea example rsi now 61 i want to show rsi 61 pints to belowbar and save to backtest i mean if 60 up come i want to write below bar 60 up a bar a bar?
Reply
@istek7, hi, not sure I understand your question, but if you want to plot RSI value below Avery bar, you an use label.new function for that
Reply
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