OPEN-SOURCE SCRIPT
Updated MATZ BB Signaler
Bollinger Band with Buy/Sell Signals
Buy = IF 4H MACD Histogram is increasing AND Price is increasing
Sell = IF 4H MACD Histogram is deacreasing AND Price is decreasing
Buy = IF 4H MACD Histogram is increasing AND Price is increasing
Sell = IF 4H MACD Histogram is deacreasing AND Price is decreasing
Release Notes
Modified the script to remove a little bit of the whiplash effect.Changed the Title.
Technical Changes:
-Fast EMA changed from 6 to 10
-Slow EMA changed from 13 to 20
-Histogram SMA changed from 6 to 5
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.