OPEN-SOURCE SCRIPT
3-Conf Buy Sell: MACD + RSI + ALMA + Bollinger Zones [S-REZVANI]
Indicator Title:
"Triple-Confluence Signals: MACD + RSI + ALMA + Bollinger Zones [S-REZVANI]"
Indicator Overview
This advanced trading system combines 4 powerful technical tools (MACD, RSI, ALMA, and Dual-Layer Bollinger Bands) to identify high-probability entries with multiple confirmation filters. Unique "Bollinger Zones" provide visual market context, while color-coded signals highlight precise entry points.
Core Components
MACD Momentum Engine
Customizable fast/slow/signal lengths (default 12/26/9)
Bullish signals when MACD line crosses ABOVE signal line
Bearish signals when MACD line crosses BELOW signal line
RSI Threshold Filter
Adaptive RSI length (default 14 periods)
Buy signals require RSI > 55 (bullish momentum)
Sell signals require RSI < 45 (bearish momentum)
ALMA Trend Confirmation
Arnaud Legoux Moving Average (20-period default)
Acts as dynamic support/resistance filter
Requires price position relative to ALMA for valid signals
Bollinger Band Zones
Dual-layer bands with 2.2σ and 3.0σ deviations
Red Zone (Upper): High volatility resistance area
Yellow Zone (Lower): Potential mean-reversion support
Gray area between = "Equilibrium Zone"
Signal Logic
✅ Buy Triggers
MACD Bullish Crossover
RSI > 55 (bullish momentum confirmation)
Price ABOVE ALMA (trend alignment)
▲ Blue triangle below price bar
✅ Sell Triggers
MACD Bearish Crossover
RSI < 45 (bearish momentum confirmation)
Price BELOW ALMA (trend alignment)
▼ Orange triangle above price bar
Key Features
🔹 Dual Bollinger Band System
Inner Bands (2.2σ): Early warning levels
Outer Bands (3.0σ): Extreme volatility markers
Colored zones highlight potential reversal areas
🔹 Smart Signal Filtering
Requires alignment of momentum (RSI), trend (ALMA), and MACD
Eliminates false signals in ranging markets
🔹 Visual Optimization
Colored candlesticks (blue = bullish bias, red = bearish bias)
Transparent zones for clear price context
Compact signal markers avoid chart clutter
Input Parameters
MACD Settings: Fast/Slow/Signal lengths
RSI Settings: Period length, threshold level
ALMA Settings: Length, smoothing factor
Bollinger Bands: Length, dual deviation multipliers
Visuals: Toggle zones/signals, adjust colors
Usage Recommendations
Best Timeframes: 1H-4H charts for swing trading
Pair With: Volume analysis or Fibonacci levels
Risk Management:
Use outer Bollinger bands as stop-loss guides
Inner bands as profit-taking targets
Market Conditions:
Strong trends: Follow directional signals
Range markets: Fade signals at Bollinger extremes
Why Traders Love This
"The Bollinger Zones add crucial context missing in most signal indicators. I use the red zone as a 'danger area' for longs and the yellow zone as bargain-hunting territory." - Beta Tester
Alert Setup Tip: Create separate alerts for buy/sell signals with message templates like:
"Bullish Signal {{ticker}} @ {{close}}"
"Bearish Signal {{ticker}} - Consider short"
Created by S-Rezvani | TradingView Community
Pro Tip: Combine with volume spikes for explosive move confirmation! 🚀
"Triple-Confluence Signals: MACD + RSI + ALMA + Bollinger Zones [S-REZVANI]"
Indicator Overview
This advanced trading system combines 4 powerful technical tools (MACD, RSI, ALMA, and Dual-Layer Bollinger Bands) to identify high-probability entries with multiple confirmation filters. Unique "Bollinger Zones" provide visual market context, while color-coded signals highlight precise entry points.
Core Components
MACD Momentum Engine
Customizable fast/slow/signal lengths (default 12/26/9)
Bullish signals when MACD line crosses ABOVE signal line
Bearish signals when MACD line crosses BELOW signal line
RSI Threshold Filter
Adaptive RSI length (default 14 periods)
Buy signals require RSI > 55 (bullish momentum)
Sell signals require RSI < 45 (bearish momentum)
ALMA Trend Confirmation
Arnaud Legoux Moving Average (20-period default)
Acts as dynamic support/resistance filter
Requires price position relative to ALMA for valid signals
Bollinger Band Zones
Dual-layer bands with 2.2σ and 3.0σ deviations
Red Zone (Upper): High volatility resistance area
Yellow Zone (Lower): Potential mean-reversion support
Gray area between = "Equilibrium Zone"
Signal Logic
✅ Buy Triggers
MACD Bullish Crossover
RSI > 55 (bullish momentum confirmation)
Price ABOVE ALMA (trend alignment)
▲ Blue triangle below price bar
✅ Sell Triggers
MACD Bearish Crossover
RSI < 45 (bearish momentum confirmation)
Price BELOW ALMA (trend alignment)
▼ Orange triangle above price bar
Key Features
🔹 Dual Bollinger Band System
Inner Bands (2.2σ): Early warning levels
Outer Bands (3.0σ): Extreme volatility markers
Colored zones highlight potential reversal areas
🔹 Smart Signal Filtering
Requires alignment of momentum (RSI), trend (ALMA), and MACD
Eliminates false signals in ranging markets
🔹 Visual Optimization
Colored candlesticks (blue = bullish bias, red = bearish bias)
Transparent zones for clear price context
Compact signal markers avoid chart clutter
Input Parameters
MACD Settings: Fast/Slow/Signal lengths
RSI Settings: Period length, threshold level
ALMA Settings: Length, smoothing factor
Bollinger Bands: Length, dual deviation multipliers
Visuals: Toggle zones/signals, adjust colors
Usage Recommendations
Best Timeframes: 1H-4H charts for swing trading
Pair With: Volume analysis or Fibonacci levels
Risk Management:
Use outer Bollinger bands as stop-loss guides
Inner bands as profit-taking targets
Market Conditions:
Strong trends: Follow directional signals
Range markets: Fade signals at Bollinger extremes
Why Traders Love This
"The Bollinger Zones add crucial context missing in most signal indicators. I use the red zone as a 'danger area' for longs and the yellow zone as bargain-hunting territory." - Beta Tester
Alert Setup Tip: Create separate alerts for buy/sell signals with message templates like:
"Bullish Signal {{ticker}} @ {{close}}"
"Bearish Signal {{ticker}} - Consider short"
Created by S-Rezvani | TradingView Community
Pro Tip: Combine with volume spikes for explosive move confirmation! 🚀
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 publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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