OPEN-SOURCE SCRIPT
Updated BB + RSI Crossover System
The system should act with the following two indicators:
1) Bollinger band (50,2) and
2) RSI (30)
The condition is : Draw a buy signal on the price chart when price crosses and closes above the lower bollinger band from below and the 14 sma crosses the rsi (30) from below.
1) Bollinger band (50,2) and
2) RSI (30)
The condition is : Draw a buy signal on the price chart when price crosses and closes above the lower bollinger band from below and the 14 sma crosses the rsi (30) from below.
Release Notes
The system should act with the following two indicators:1) Bollinger band (50,2) and
2) RSI(30) i.e. 30 period RSI
The condition is : Draw a buy signal on the price chart when price crosses and closes above the lower bollinger band from below and the RSI(30) line crosses the 14 period sma from below which is drawan on the RSI line.
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.