Added by Rashad 6-26-16
These feature Fibonacci retracements to very clearly show areas of . The basis is calculate off of the . The Bands are 3 standard deviations away from the mean. 99.73% of observations should be in this range.
Updated by Dysrupt 7-12-18
-Buy signals added on lower bands, mean and upper 3 bands
-Sell signals added to upper 3 bands
-RSI filter applied to signals
-Alerts not yet added
NOTE: This is NOT a set and forget signal indicator. It is extremely versatile for all environments by adjusting the filter and checking the band signals needed for the current trend and trading style.
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.