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
Bollinger Awesome Alert by JustUncleL triggers long entries when the three-period EMA crosses upward through the middle Bollinger Band while the Awesome Oscillator crosses its zero line from below. Short signals occur on the opposite crossover. Optional filters include EMA-based Bollinger Bands and band squeeze detection. Buy and sell alerts fire on chart. The system suits scalping volatile trending forex pairs during active sessions and lacks built-in stop loss or take profit.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Use EMA for Bollinger Band
bool
false
bb_use_ema
Filter Buy/Sell with Bollinger Bands
bool
false
bb_filter
Flter Buy/Sell with BB squeeze
bool
false
sqz_filter
Bollinger Length
int
20
bb_length
Bollinger Source
source
close
bb_source
Base Multiplier
float
2.0
bb_mult
Fast EMA length
int
3
fast_ma_len
Awesome Length Slow
int
34
nLengthSlow
Awesome Length Fast
int
5
nLengthFast
BB Relative Squeeze Length
int
100
sqz_length
BB Squeeze Threshold %
int
50
sqz_threshold
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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