OPEN-SOURCE SCRIPT
Updated Bollinger Bands + ADX Strategy
// This strategy uses Bollinger Bands to buy when the price
// crosses over the lower band and sell when it crosses down
// the upper band. It only takes trades when the ADX is
// below a certain level, and exits all trades when it's above it.
// crosses over the lower band and sell when it crosses down
// the upper band. It only takes trades when the ADX is
// below a certain level, and exits all trades when it's above it.
Release Notes
Tweaked levelsRelease Notes
Tweaked levelsRelease Notes
Tweaked levelsRelease Notes
Changed Initial Capital amount
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 publications is governed by House rules. You can favorite it to use it on a chart.
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