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 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
38 lines of Pine Script v4 from greeffer-bb-strategy-4.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
Greeffer BB Strategy enters long when price crosses below the lower band with oversold RSI, or when band width contracts under low volatility. Short entries occur when price crosses above the upper band with overbought RSI. Long trades exit upon upper band crossovers, while short trades close on lower band crossunders. Plotted in a separate pane as a yellow line, it tracks band width. Inputs adjust band length, multiplier, and RSI length. Pyramiding allows up to ten entries without hard stop-loss levels.
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
mult
float
1.9
mult
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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