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BB Running Away Candle

Hello,

here is an indicator that can be helpful for your trading that is simple and easy to use.

Our culprit here is a candle that opens and closes below the lower band of Bollinger Band, Black and red lines are put on the high and low of that candle.

Green Arrows are happening when:
1- When candle closes above the black line [the high of culprit candle] and Stochastic RSI is in the oversold area >> "Confirmed B"
2- When candle closes above the black line[the high of culprit candle] >> "B"

Note that you can choose from the settings whether you want it confirmed or not.


Red Arrows are happening when:
1- Price reached the higher band of Bollinger Bands >> "BB High"
2- Stochastic crosses down from above 80 level >> "Stoch Crossdown"
3- RSI reached above 70 levle >> "RSI Oversold"
Note that you can choose to turn these on or off from the settings.

Settings of indicators are set to default.

NOTE: Alerts are put there however i didn't get the chance to test them, so would like to hear your feedback about them.

THE USE OF THIS INDICATOR IS YOUR OWN RESPONSIBILITY.

wishing you the best.
Bollinger Bands (BB)Relative Strength Index (RSI)Stochastic RSI (STOCH RSI)

開源腳本

在真正的TradingView精神中,這個腳本的作者以開源的方式發佈,這樣交易員可以理解和驗證它。請向作者致敬!您可以免費使用它,但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。

想在圖表上使用此腳本?

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