by 
This indicator plots trade entry and exit signals on the price chart by combining Bollinger Bands with optional filter conditions. It calculates standard Bollinger Bands along with RSI, Aroon, and moving average filters. Reversal signals trigger when price bre
Indicator · Pine Script v5 · On the chart
BB_signal1
This indicator plots standard Bollinger Bands consisting of an upper band, lower band, and a simple moving average directly on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code24
Settings4inputs
LicenceNone stated
Last update2 years ago7 May 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
BB_signal1 calculates the Relative Strength Index to identify overbought conditions. A bearish signal displays as a red downward arrow above the candle when price crosses back below the upper band while the oscillator remains above seventy. Users can customize the moving average length, standard deviation multiplier, price source, and oscillator period. It generates only short signals without bullish entries or defined exits.
- Bollinger Bands price overlay
- Relative Strength Index overbought filter
- Bearish reversal arrow signals
- Customizable band multiplier and lengths
Details
Published by
subhrapratim07 on GitHub
Type
Draws
On the price chart
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
File
Topics
pinescriptpinescript-indicatorspinescript-strategies
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 20 | length |
| Multiplier | float | 2.0 | mult |
| Source | source | close | src |
| RSI Length | int | 14 | rsi_length |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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