Zamboniman

Bollinger Bands %b & RSI & Stochastic Smoothed Indicator & Alert

Zamboniman Updated   
This indicator displays RSI, a normalized Bollinger Band &b (Usual 0 -1 range of BB normalized to the OBOS range of RSI), and a normalized smoothed Stochastic (again, normalized to the OBOS of RSI) simultaneously with a single indicator.

It also displays buy and sell signals based upon the above.

The stochastic can be turned on and off, and the sell signal calculation will be changed accordingly (Stochastic not used to calculate buy signal).

All periods, OBOS levels, deviation, etc, are user adjustable. The buy and sell arrows can be optionally turned off.

The indicator supports alerts for the buy and sell signals.

This is a considerably rewritten, cleaned up, and updated version of my BB %b & RSI Indicator and Alert with many more features, and including a stochastic.

This indicator is mainly for use with Cryptocurrencies in shorter time periods to display possible trade opportunities. Can also be used with Forex.




Release Notes:
Typos fixed
Release Notes:
more typos fixed

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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