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INVITE-ONLY SCRIPT

Fibonnaci Support/Resistance Bands

2 035
The ​Bollinger Support/Resistance Bands were created with the purpose of identifying possible entries and exits for day or swing trading. This custom indicator works well on all time frames and on any market found on TradingView. As you can see in in the image above, BNB bounces between the two first green bands while testing the yellow line.

Several different strategies can be used with this custom indicator. First, you could trade the yellow line, meaning when a bar closes above it, you buy and then sell at once it touches the first or second green band. You could also buy the channels on the lower bands, as they act and support lines.

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Here are more examples of this indicator working on different time frames:

BTC/USDT, 3 Minute: snapshot

EUR/USD, 1 Hour: snapshot

Apple, 4 Hour: snapshot

Invite-only script

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Author's instructions

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ScriptAndBotMarketplace
scriptandbotmarketplaceSimple Moving Average (SMA)Support and ResistanceTrend Analysis

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.
scriptandbotmarketplaceSimple Moving Average (SMA)Support and ResistanceTrend Analysis

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact ScriptAndBotMarketplace directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Warning: please read our guide for invite-only scripts before requesting access.
ScriptAndBotMarketplace

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.