Sb_Rate_Of_Change_BB_Band_strategy Version 1.0

The strategy couples the concept of rate of change along with the Bollinger bands.

Along with it LazyBear's RSI/MFI with Volatility Indicator is also taken to reduce the number of trades and improve efficiency.

Strategy (in Layman terms):

If in the past 10 candles RSI/MFI with Volatility Indicator has printed a red/green colour and the roc has gone above/below the Bollinger bands then the short/long order is placed respectively.

Message if you think of any modifications/ enhancements/ any opportunities. :)

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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.


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