ADX Strategy (original) is an overlay indicator that identifies trend-following trade signals using the Average Directional Index (ADX) combined with a Simple Moving Average filter. A long signal is generated when the ADX rises above a user-defined trend level
Indicator · Pine Script v5 · On the chart
Bollinger Band Swing
This indicator plots Bollinger Bands on the price chart alongside a baseline moving average to identify trend-aligned swing setups.
GitHub stars24on the repository
Pine versionv5runs as is
Lines of code121
Settings17inputs
LicenceMPL-2.0
Last update4 years ago5 Oct 2022
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
121 lines of Pine Script v5 from BB Swing indicator.pine, published under MPL-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
//
// Author: benso87
// benso87.com
//
//
indicator(title='Bollinger Band Swing', shorttitle='BB Swing', format=format.price, precision=2, timeframe='', timeframe_gaps=true, overlay=true)
noColor = color.new(color.white, transp=100)
///////////////////////////////////////////////////////////////////////////////
// Inputs
// General
src = input.source(close, title='Source', group='General')
// Moving Average
maLength = input.int(200, title='EMA Length', minval=1, group='Moving Average')
maType = input.string( "EMA", title="Type", options=['SMA','EMA'], group="Moving Average")
maLookback = input.int(1, title='Slope Lookback', minval=1, group='Moving Average')
// Bollinger Bands
bbLength = input.int(21, minval=1, group='Bollinger Bands')
bbMult = input.float(2.0, minval=0.001, maxval=50, title="StdDev", group='Bollinger Bands')
defaultFill = input.color(noColor, title='Fill Color', group='Bollinger Bands')
fillType = input.string('Signal', title='Fill Type', options=['Static', 'Bias', 'Signal'], group='Bollinger Bands')
longFill = input.color(color.new(color.green, transp=80), title='Long Bias', group='Bollinger Bands')
shortFill = input.color(color.new(color.red, transp=80), title='Short Bias', group='Bollinger Bands')
// Stoch RSI
smoothK = input.int(3, title='K', minval=1, group='Stochastic RSI')
smoothD = input.int(3, title='D', minval=1, group='Stochastic RSI')
rsiLength = input.int(21, minval=1, title='RSI Length', group='Stochastic RSI')
stochLength = input.int(14, title='Stoch Length', minval=1, group='Stochastic RSI')
srsiHigh = input.float(90, title='High', minval=0, maxval=100, group='Stochastic RSI')
srsiLow = input.float(10, title='Low', minval=0, maxval=100, group='Stochastic RSI')
// ATR
atrLength = input.int(21, title='Length', minval=1, group='Average True Range')
///////////////////////////////////////////////////////////////////////////////
// Functions
// Moving average type
f_ma(source, length, type) =>
switch type
'SMA' => ta.sma(source, length)
'EMA' => ta.ema(source, length)
'RMA' => ta.rma(source, length)
'WMA' => ta.wma(source, length)
///////////////////////////////////////////////////////////////////////////////
// Calculations
// Moving Average
ma = f_ma(src, maLength, maType)
maSlope = ma - ma[maLookback]
// Bollinger Bands
basis = ta.sma(src, bbLength)
dev = bbMult * ta.stdev(src, bbLength)
upper = basis + dev
lower = basis - dev
// Stoch RSI
rsi = ta.rsi(src, rsiLength)
k = ta.sma(ta.stoch(rsi, rsi, rsi, stochLength), smoothK)
d = ta.sma(k, smoothD)
// ATR
atr = ta.atr(atrLength)
// Biases
longBias = basis >= ma
shortBias = basis <= ma
// Stop loss line
slLong = lower - (2 * atr)
slShort = upper + (2 * atr)
// Signals
longSignal = longBias and k <= srsiLow
shortSignal = shortBias and k >= srsiHigh
// Fill color
biasFillLong = fillType == 'Bias' and longBias
biasFillShort = fillType == 'Bias' and shortBias
signalFillLong = fillType == 'Signal' and longSignal
signalFillShort = fillType == 'Signal' and shortSignal
fillColor = biasFillLong or signalFillLong ? longFill : biasFillShort or signalFillShort ? shortFill : defaultFill
///////////////////////////////////////////////////////////////////////////////
// Plots
// Bollinger Bands
plot(basis, title='Basis', color=color.orange, linewidth=1)
p1 = plot(upper, title='Upper', color=color.blue, linewidth=2)
p2 = plot(lower, title='Lower', color=color.blue, linewidth=2)
fill(p1, p2, title='BB Background', color=fillColor)
// Moving Average
plot(ma, title='MA', color=color.yellow, linewidth=2)
// Stop Loss
sl1 = plot(slLong, title='Long SL', color=color.new(color.red, transp=50), linewidth=1)
sl2 = plot(slShort, title='Short SL', color=color.new(color.red, transp=50), linewidth=1)
///////////////////////////////////////////////////////////////////////////////
// Alerts
alertcondition(longSignal or shortSignal, title='Any Signal', message='BB Swing Signal')
alertcondition(longSignal, title='Long Signal', message='BB Swing Long Signal')
alertcondition(shortSignal, title='Short Signal', message='BB Swing Short Signal')
alertcondition(k <= srsiLow, title='Stoch RSI High', message='Stoch RSI Low')
alertcondition(k >= srsiHigh, title='Stoch RSI High', message='Stoch RSI High')
alertcondition(src >= upper, title='Price Above BB', message='Price Above BB')
alertcondition(src <= lower, title='Price Below BB', message='Price Below BB')
alertcondition(src >= slShort, title='Price Above Long SL', message='Price Above Short SL')
alertcondition(src <= slLong, title='Price Below Short SL', message='Price Below Short SL')
Overview
Bollinger Band Swing calculates trend bias by comparing the Bollinger Bands basis to a customizable moving average, such as a 200 EMA. Trade signals trigger when the bias aligns with overbought or oversold Stochastic RSI thresholds. The script also calculates ATR-based stop loss levels and shades the band background by signal or bias state. As an indicator, it provides visual reference lines and color fills without automated order execution or trade exits.
- Bollinger Bands overlay
- Trend filter moving average
- Stochastic RSI signal confirmation
- Average True Range stop loss levels
- Customizable background fill modes
Details
Published by
benso87 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Oscillators & momentum, Moving averages, Trend
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | src |
| EMA Length | int | 200 | maLength |
| Type | string | EMA | maType |
| Slope Lookback | int | 1 | maLookback |
| bbLength | int | 21 | bbLength |
| StdDev | float | 2.0 | bbMult |
| Fill Color | color | noColor | defaultFill |
| Fill Type | string | Signal | fillType |
| Long Bias | color | color.new(color.green, transp=80) | longFill |
| Short Bias | color | color.new(color.red, transp=80) | shortFill |
| K | int | 3 | smoothK |
| D | int | 3 | smoothD |
Show all 17 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Length | int | 21 | rsiLength |
| Stoch Length | int | 14 | stochLength |
| High | float | 90 | srsiHigh |
| Low | float | 10 | srsiLow |
| Length | int | 21 | atrLength |
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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