OPEN-SOURCE SCRIPT
Bollinger Bands + Volume (Version.1)
Bollinger Bands + Volume (Version.1)
This is just version 1, "version 2 ,version 3,version 4" are coming, which are better than this version.
-This indicator used the volume with Bollinger Bands.
-This indicator generates BUY and SELL signals.
-Whenever price will touch the upper band and if the buying volume is low and the selling volume is high Then it will give SELL signal.
AND
-Whenever price will touch the lower band and if the selling volume is low and the buying volume is high Then it will give BUY signal.
This is just version 1, "version 2 ,version 3,version 4" are coming, which are better than this version.
-This indicator used the volume with Bollinger Bands.
-This indicator generates BUY and SELL signals.
-Whenever price will touch the upper band and if the buying volume is low and the selling volume is high Then it will give SELL signal.
AND
-Whenever price will touch the lower band and if the selling volume is low and the buying volume is high Then it will give BUY signal.
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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