For best results, collect a minimum of 4 confirmations. The EMA serves as a dynamic support and resistance and to know the trend, when it touches the bottom of the Bollinger Bands look for purchases, if it is at the top look for sales. It can be supplemented with Volume. (also applying price action and looking for bounce points)
EMA: 200
Bollinger Bands: (20,2)
SAR: (2/0.02/0.2)
Release Notes
The Parabolic sar was changed to how Nez Vquez has it, creator of this strategy and also the color of the Moving average
Release Notes
Add the signals when the price is breaking through the bollinger bands. And the moment of entry when the price returns to enter the Bollinger band. This script must be used with Simple Scalper Osilators
Release Notes
I added the EMA so that the arrows detect when the market price is making a consolidation
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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.