OPEN-SOURCE SCRIPT
Updated Bollinger Bands By CryptoLawyer1
This is a simple cross under/over script, if the close is lower than the lower band SELL, if it has crossed above buy/close short
the script is equipped with a 55 SMA signal filter for less noise, you can customize the lengths based on the pair and time frame, i would recommend using higher lengths on lower timeframes and lower length on higher time frames, example : 1Week: 13L, 2Hours: 55L, 15Minutes: 200L
Important Note ⚠: the ideal signal is a trend reversal and not a continuation, same goes for long and short signals, you should take short signal if the price has been going up and the bands are green for a long enough time, and the high's have crossed over the upper bands at least 3-4 times same goes for long, you should find a down trend that has been going on for a good enough time, so in simple words search for reversal not continuation signals, if you have any questions feel free to ask, happy trading!
the script is equipped with a 55 SMA signal filter for less noise, you can customize the lengths based on the pair and time frame, i would recommend using higher lengths on lower timeframes and lower length on higher time frames, example : 1Week: 13L, 2Hours: 55L, 15Minutes: 200L
Important Note ⚠: the ideal signal is a trend reversal and not a continuation, same goes for long and short signals, you should take short signal if the price has been going up and the bands are green for a long enough time, and the high's have crossed over the upper bands at least 3-4 times same goes for long, you should find a down trend that has been going on for a good enough time, so in simple words search for reversal not continuation signals, if you have any questions feel free to ask, happy trading!
Release Notes
removed some unnecessary lines, nothing to be mentioned Release Notes
Bug fixesRelease Notes
Depreciation Warning Fixes Release Notes
Deprecation Warning FixesRelease Notes
now the filters length changes automatically when you change the timeframe!if you wanna keep doing it manually retrieve previos version simply and you will get a filter input option happy trading!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.