by 
Calculates a momentum squeeze using Bollinger Bands and Keltner Channels alongside a trend-filtering moving average. It generates long and short entries based on squeeze momentum bar conditions and an optional pre-squeeze dot count filter. Exits can trigger on
Strategy · Pine Script v5 · On the chart
Bollinger bands examples
This strategy plots exponential-moving-average Bollinger bands on the price chart and calculates RSI.
GitHub stars53on the repository
Pine versionv5runs as is
Lines of code64
Settings8inputs
LicenceNone stated
Last update3 years ago23 Oct 2023
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 strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
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 bands examples opens a long position when close crosses above the upper band while RSI is at or above a threshold, the date filter allows trading, and no position is open. It sizes entries as a percentage of equity, places a stop at a fraction of the entry close, and closes when price crosses under the basis EMA. Length, deviation, RSI limit, stop fraction, and the backtest window are adjustable. It is written for four-hour AVA-USD candles and does not add further entries.
- EMA Bollinger bands on the price chart
- RSI threshold filter for long entries
- Percent-of-equity position sizing
- Stop loss and EMA crossunder exit
- Optional backtest date range filter
Details
Published by
tradingstrategy-ai on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Oscillators & momentum, Moving averages, Breakout
Markets
Crypto
Timeframes
H4 and above
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.
Topics
algorithmic-tradingavalancheblockchaincoinbasecryptocurrenciestradingviewtrader-joe
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 |
| RSIlength | int | 14 | RSIlength |
| RSIlimit | int | 60 | RSIlimit |
| stddev | float | 1.9 | stddev |
| stopPerc | float | 0.98 | stopPerc |
| Filter Date Range of Backtest | bool | true | useDateFilter |
| Start Date | time | timestamp("1 Mar 2022") | backtestStartDate |
| End Date | time | timestamp("1 Oct 2022") | backtestEndDate |
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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