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Bollinger Bands (BB)

Risk Reduction Ultimate TemplateThis is a template not actually meant for trading. I picked two random oscillators. This is a template meant to turn into a live trading strategy, however. It's literally just a specialized take profit/stop loss system. It is to ensure your bot doesn't make any bad moves that you wouldn't have manually. The code should be pretty well annotated. Putting this into my scripts has made them much better. I will work on a Multiple Trigger template next.
Pine Script® strategy
by burgercrisis
Cryto WaveRyder ------ Phat Cryto WaveRyder are envelopes plotted at a standard deviation level above and below a simple moving average of the price. ... Cryto WaveRyder helps determine whether prices are high or low on a relative basis. They are used in pairs, both upper and lower bands and in conjunction with a moving averange. I create a lot of Buy/Sell entry, therefore tranders can know where it is the best entry to take the place. Let's make some money with this indicator
Pine Script® indicator
by smalltechshop
1
Z-Score of RSIA way to see whether RSI is overbought or oversold inside its Bollinger Bands in the form of an oscillator. Z-score tells you how far the data is from the mean in terms of standard deviations. The numbers shown in the indicator are the number of standard deviations away from the average or mean. Like Bollinger Bands, if it is above the standard deviation border lines then it is considered to be outside the distribution or Bollinger Band. If it is above the upper border line then is it is overbought, if it is below the lower border line then is is oversold. Example of how standard deviation works: 1 standard deviation contains 68% of the data, 2 SD (the default for BB) contains 95% of data, 3 SD for 99%, etc. If the data goes past that, it is considered to be outside the distribution. In statistics, data that is within the distribution is considered to be "significant". The z-score line is colored green if it is above zero and red if it is below zero. Above zero means that the RSI is above the average line or the middle line of the Bollinger Bands, and vice-versa if it is below. A red vertical bar is shown when the the z-score is above the upper border line to show that it is overbought and a green vertical bar is shown when the z-score is below the lower border line to show that it is oversold. This is the equivalent of when the RSI is above and below its Bollinger Bands.
Pine Script® indicator
by SparkyFlary
1
Flawless Victory Strategy - 15min BTC Machine Learning StrategyHello everyone, I am a heavy Python programmer bringing machine learning to TradingView. This 15 minute Bitcoin Long strategy was created using a machine learning library and 1 year of historical data in Python. Every parameter is hyper optimized to bring you the most profitable buy and sell signals for Bitcoin on the 15min chart. The historical Bitcoin data was gathered from Binance API, in case you want to know the best exchange to use this long strategy. It is a simple Bollinger Band and RSI strategy with two versions included in the tradingview settings. The first version has a Sharpe Ratio of 7.5 which is amazing, and the second version includes the best stop loss and take profit positions with a Sharpe Ratio of 2.5 . Let me talk a little bit more about how the strategy works. The buy signal is triggered when close price is less than lower Bollinger Band at Std Dev 1, and the RSI is greater than a certain value. The sell signal is triggered when close price is greater than upper Bollinger Band at Std Dev 1, and the RSI is greater than a certain value. What makes this strategy interesting is the parameters the Machine Learning library found when backtesting for the best Sharpe Ratio. I left my computer on for about 28 hours to fully backtest 5000 EPOCHS and get the results. I was able to create a great strategy that might be one of TradingView's best strategies out on the website today. I will continue to apply machine learning to all my strategies from here on forward. Please Let me know if you have any questions or certain strategies you would like me to hyper optimize for you. I'm always willing to create profitable strategies! P.S. You can always pyramid this strategy for more gains! I just don't add pyramiding when creating my strategies because I want to show you the true win/loss ratio based buying one time and one selling one time. I feel like when creating a strategy that includes pyramiding right off the bat falsifies the win rate. This is my way of being transparent with you all. Have fun trading!
Pine Script® strategy
by Trebor_Namor
199
+ BB %B: MA selection, bar coloring, multi-timeframe, and alerts+ %B is, at its simplest, the classic Bollinger Bands %B indicator with a few added bells and whistles. However, the right combination of bells and whistles will often improve and make a more adaptable indicator. Classically, Bollinger Bands %B is an indicator that measures volatility, and the momentum and strength of a trend, and/or price movements. It shows "overbought" and "oversold" spots on a chart, and is also useful for identifying divergences between price and trend (similar to RSI). With + %B I've added the options to select one or two moving averages, candle coloring, and a host of others. Let's start with the moving averages: There are options for two: one faster and one slower. Or combine them how you will, or omit one or both of them entirely. Here you will find options for SMA, EMA (as well as double and triple), Hull MA, Jurik MA, Least Squares MA, Triangular MA, Volatility Adjusted MA, and Weighted MA. A moving average essentially helps to define trend by smoothing the noise of movements of the underlying asset, or, in this case, the output of the indicator. All of these MAs available track this in a different way, and it's up to the trader to figure out which makes most sense to him/her. MA's, in my opinion, improve the basic %B by providing a clearer picture of what the indicator is actually "seeing", and may be useful for providing entries and exits. Next up is candle coloring: I've added the option for this indicator to color candles on the chart based on where the %B is in relation to its upper and lower bounds, and median line. If the %B is above the median but below the upper bound, candles will be green (showing bullish market structure). If %B is below the median but above the lower bound, candles will be red (denoting bearish market structure). Overbought and oversold candles will also be colored on the chart, so that a quick glance will tell you whether price action is bullish/bearish or "oversold"/"overbought". I've also added functionality that enables candles to be colored based on if the %B has crossed up or crossed down the primary moving average. One example as a way to potentially use these features is if the candles are showing oversold coloration followed by the %B crossing up your moving average coloration. You might consider a long there (or exit a short position if you are short). And the last couple of tweaks: You may set the timeframe to whatever you wish, so maybe you're trading on the hourly, but you want to know where the %B is on the 4h chart. You can do that. The background fill for the indicator is split into bullish and bearish halves. Obviously you may turn the background off, or make it all one color as well. I've also added alerts, so you may set alerts for "overbought" and "oversold" conditions. You may also set alerts for %B crossing over or under the primary moving average, or for crossing the median line. All of these things may be turned on and off. You can pretty much customize this to your heart's delight. I see no reason why anyone would use the standard %B after playing with this. I am no coder. I had this idea in my head, though, and I made it happen through referencing another indicator I was familiar with, and watching tutorials on YouTube. Credits: Firstly, thanks to www.tradingview.com for his brilliant, free tutorials on YouTube. Secondly, thanks to www.tradingview.com for his beautiful SSL Hybrid indicator (and his clean code) from which I obtained the MAs. Please enjoy this indicator, and I hope that it serves you well. :)
Pine Script® indicator
by ClassicScott
13
Bollinger Band with RSI Using combination bollinger band and RSI indicator as guide to predict price volatility and the best entry point. The strategy logic is pretty straightforward where we're interested with close price that touches the lower bollinger band ; there are only two scenarios that will happened after the price reaches the lower band; the price might rebound from the lower bollinger band or drop lower and continue downtrend. To confirm the price movement, we use a second indicator which is the RSI to further investigate the price trend. For example, if the price reaches the lower bollinger band but the RSI value is not in the oversold region, we can conclude that the price will go lower and continue downtrend. If the RSI value is in the oversold region, we can use this price area as our entry point. Stop loss is necessary to avoid losing too much capital if the RSI value lingers too long in the oversold region. Best take profit area is when the price rebound above the middle bollinger band area/upper bollinger band or when the RSI reaches overbought region; whichever comes first. Long entry: RSI < 30 & close price < lower bollinger band Exit entry: RSI > 70 Default stop loss: -25%
Pine Script® strategy
by lolnopls
34
Double BB + Multi Ema Supports 2.0 // by Mochero Use this indicator to identify the market trend, possible dynamic support or resistance, and possible reversals or corrections. Take the moving averages (50,75,100,200) as a reference to identify whether the market is bullish or bearish. Use the Parabolic Sar, to identify minor trends. Take as reference the Moving Averages (5,9,15,25) as possible support or dynamic resistance. You can also use a DEMA 9. This indicator marks past Supports and Resistances to have a reference and mark reversal zones. Take the BB as a reference, to identify possible setbacks or trend changes. Added a third BB (optional). -Added 3 types of signals, with RSI, Stoch, DMI. They indicate possible reversals or changes in trends. Suggested values -RSI 4 -Stoch 1 (5,1,1) -Stoch 2 (14,1,1) -DMI (10, 3)
Pine Script® indicator
by cesar9633
3
Multi Band Channel - Oversold/Overbought OscillatorIf your trading strategy is to sell the RIPs and buy the DIPs, this is an indicator for you. This is based on the multi band indicator present here: Code is simplified to generate as many bands as possible and hence divide price into as many states as possible based on these bands. Moving Average Type defines what moving average to be considered for Bollinger Band/Keltner Channel. This is based on Once we derive price state based on multi bollinger band/keltner channel levels, we then look for highest and lowest levels in LoopbackPeriod . Overbought level = Highest Level - Offset Oversold level = Lowest Level + Offset Blue line indicates current state.
Pine Script® indicator
by Trendoscope
4
MACD Price Projected Bands [MPPB] Strategy for NIFTY / BTC 2 minMACD Price Projected Bands is an intraday NON REPAINTING Strategy to be used over BTCUSD and NIFTY on 2mins charts for optimum results!! How the Strategy works The strategy uses MACD with standard configuration as its main component. The adaptive Bands are calculated over the MACD lookback, and MACD crosses of the adaptive bands are projected over the Price for creating a decision logic A cyclic Trend Filter is used to calculate the Optimum Entry and Exit Points for the Strategy, Levels are also plotted over the price projected bands for better visualisation of the targets! What is used ! Macd_config : { fast:12 , slow:26 , signal:9 } Lookback Length : 55 The Strategy has Provision for Alerts You get Two signals 1. MPPBS Buy Signal 2. MPPBS Sell Signal How the Visual Target System Works and How to trade Using this Strategy An Adaptive Projected Band is constructed using MACD for traders to get Visual inputs regarding targets!! The Trading Methodologies are in below Charts For Short Trades For Long Trades Strategy Configurations for Backtest For Englishmen! The Backtesting Rules in the Strategy calculates only when order gets filled, the basic pyramiding in the strategy is set to 1, i.e The maximum number of entries allowed in the same direction is set to 1, Also we trade only 1 quantity of the security with initial capital of 100000USD, and The commission type used in the strategy is set to 0.05 USD that means we pay 0.05USD as commissions in every trade! For Coders! { calc_on_order_fills=true, pyramiding=1, default_qty_type=strategy.fixed, default_qty_value=1, initial_capital=100000, currency=currency.USD, commission_type= strategy.commission.cash_per_order, commission_value = 0.05 } How can you get access Only do private message to me, donot use comment box for requesting access!
Pine Script® strategy
by Ankit_1618
1
LAGging span leaves Bollinger Bands strategyAbstract This script points out the positions a lagging span leaves a Bollinger Band. This script does not plot a lagging span but moves the Bollinger Band forward. You can find profit opportunities by combining this script and risk management. Introduction Bollinger Bands is a popular indicator. It contains a moving average, an upper band and a lower band. The moving average can indicate trend, the upper band and the lower band can indicate if the price is far away from the moving average. However, in trading markets, anything can happen. Both continuation and reversal are possible when the price touches the moving average, the upper band or the lower band. Therefore, many traders adjust the parameters of the Bollinder Band or add other indicators to improve their trading strategies. @Daveatt et. al. provided an idea that uses a lagging span. A lagging span is a line chart. It displays the reference price but in earlier time. For example, if the offset of a lagging span is 26 days, the value of the lagging span on 29 days ago is the reference price 3 days ago. A lagging span is a part of Ichimoku Cloud. It can compare the price to the earlier price and the values of indicators in the past. To compare the price to the values of indicators in the past, we can also shift indicators forward instead of adding a lagging span into the chart. This script uses shift-the-indicators-forward method. In other words, this script plots the Bollinger Band forward so that the price can be compared to the values of the Bollinger Band in the past. Computing and Adjusting (1) Compute Moving Average (2) Compute Standard Derivation (3) Upper Band = Moving Average + Standard Derivation * Multi (4) Lower Band = Moving Average - Standard Derivation * Multi (5) Shift the Bollinger Band forward according to the offset parameter. (6) Mark the points the price leaves the shifted Bollinger Band (7) Compute the most possible loss and profit before the next opposite signal. Parameters source : the data for computing the bollinger band. can be open, high, low, close or their combination. length : how many days are calculated by the bollinger band mult : the distance from the moving average to the upper band and the distance from the moving average to the upper band is equal to ( mult * standard derivation ) . x_offset : the offset of the lagging span Conclusion This script can find signals for potential breakout or trend continuation. If you want to use this signal well, you need to know when to cut loss and protect the profit. Reference @Daveatt , Bollinger bands/Lagging span cross , BGyrPgOA , Tradingview 2019 How to trade with Bollinger Bands How to use Ichimoku Cloud How to trade with a line chart
Pine Script® strategy
by clocks156t174
4
Mandelbrot's RangeThis uses a Rescaled Range from Benoit Mandelbrot's Misbehavior of Markets to devise a Risk Range on stocks. A trading position can be managed by selling portions at the top of the risk range and selling at the bottom of the risk range. The Length parameter defines how wide the range is and how frequently the price will reach the range bands. The Vol Length Parameter defines how far back to weight volatility, and how responsive the bands will be in response to volatility
Pine Script® indicator
by jwammo12
8
Envy's Bollinger Band RSI Strategy - My First ScriptThis is an indicator that prints buy and sell signals based off the conditions that are met and this strategy itself can be really good when used correctly and do not use this when you are looking at news pair or any pairs of high volatility and this can be done through looking at the market research on the forex.com website. This strategy uses the bollinger bands paired with RSI to determine the possible entries and when these two conditions are met, one final condition will have to be met, which is the overstretched candle, and if these are all met then the entry is valid. Now before placing an entry if you do decide to use this strategy please follow the steps below: Recommended Time frame: 5 Minutes If RSI is higher or equal to 75 -> Look for sells or enter a small position to test the burst of the candle RSI > 75 and Overstretched -> Placing sells and if the candle builds up then you can have another position that can be greater than the previous if you want to take that risk (No more than 2 or 3) Take Profit: 5-10 pips downwards Stop Loss: 10 pips or higher If RSI is lower or equal to 25 -> Look for buys or enter a small position to test the burst of the candle RSI < 25 and Overstretched -> Placing buys and if the candle falls down then you can have another position that can be greater than the previous if you want to take that risk (No more than 2 or 3) Take Profit: 5-10 pips upwards Stop Loss: 10 pips or higher Tip: For extra confirmation use the one minute time frame to your leverage, if both the 1 minute and the 5 minute has their RSI to the key levels then it will be a high probability trade! Note: Do not trade high volatility news events The time zone to trade in: London Open - New York Closing The script also provides you with multiple interchangeable settings that can provide you a better picture of trades and reduce noise, however this is my first script so there will be errors that will be listed below! The dashboard will show you current RSI value, current pair, current timezone, overall trend with the 100MA and the strategy trend with the bollinger band. Known Bugs: -Sometimes the signals won't print depending on the bollinger band upper or lower ring and this can be fixed by lowering RSI, changing RSI source output, changing the bollinger band settings etc. -The print text is constantly recreated after every candle that meets the conditions (mostly appears on news event pairs) and this can be annoying to see and has a lot of noise - noise can be reduced through increasing RSI Source -The timezone on the dashboard is constantly set to New York for some odd reason
Pine Script® indicator
by AW03x