BBSS - Bollinger Bands Scalping Signals — Indicator by berezitskysl

bandsandchannels bollingerbands bollingersband bollinger_bands buy sell long short signals

Modified Bollinger Bands Indicator
Added:
- color change divergence (green) and narrowing (red) of the upper and lower bands
- color change of the moving average - upward trend (green) and downward trend (red)
- the appearance of a potential signal for long and short positions when the candle closes behind the upper or lower bands.

How to use the indicator:
Long conditions:
- the price breaks through the upper band
- Bollinger bands are expanding and should be green
- the mid-line is green
- the trigger candle should be green

Short conditions:
- the price breaks through the lower band
- Bollinger bands are expanding and should be red
- the mid-line is red
- the trigger candle should be red

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

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