by 
This price-chart strategy plots a simple moving average and upper and lower bands built from the standard deviation of close, scaled by separate offset inputs. It enters a fixed quantity long when close crosses above the upper band and a fixed quantity short w
Strategy · Pine Script v5 · On the chart
Bollinger Bands Strategy
This strategy plots standard and dual-level Bollinger Bands on the main price chart to generate breakout signals.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code69
Settings5inputs
LicenceNone stated
Last update3 years ago24 Apr 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 Strategy enters a long position when the price crosses above the upper band and enters a short position when the price crosses below the lower band. Positions are closed when price crosses back over the moving average basis line. Input settings allow customization of the lookback period, source price, and standard deviation multipliers.
- Dual standard deviation band plotting
- Upper and lower band breakout signals
- Basis line cross exit conditions
- Overlay channel fill visualization
Details
Published by
TravisLeeRichardson on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Moving averages, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| src | source | close | src |
| length | int | 34 | length |
| mult | float | 2.0 | mult |
| Source | source | close | src2 |
| Std Deviations | float | 2.0 | mult2 |
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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