Bollinger bands are used mostly for selling (shorting), when the price is above the upper band. Sometimes it can be used for buying (longing), when the price is below the bottom band - but it can be tricky, because it can go even more lower. This combined with Oversold/Overbought RSI will give you price entries/exits (arrows).
Release Notes
This script is using Bollinger Bands in combination with Oversold/Overbought RSI 2(20,80).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.