OPEN-SOURCE SCRIPT
Noro's BB + RSI Strategy v1.0
Strategy uses 2 indicators:
1) RSI
2) Bollinger Bands
Opening of a position requires at the same time 2 signals (RSI + BB)
If the low of a candle is less than lower bound of BB - to open long position
If the candle growing - to close a long position
Short positions aren't used
1) RSI
2) Bollinger Bands
Opening of a position requires at the same time 2 signals (RSI + BB)
If the low of a candle is less than lower bound of BB - to open long position
If the candle growing - to close a long position
Short positions aren't used
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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