OPEN-SOURCE SCRIPT
Updated Bollinger Pivot Indicator
Bollinger Pivot Indicator:
There are two components in this indicator.
[1] Moving Averages:
We must confirm the trend and take a small stop loss while executing the trade.
[2] Pivots:
We have used daily and weekly pivots to determine any breakout or breakdown.
The preferred time frame for analysis is hourly.
The trade must be executed in lower time frames.
Also, there is no holy grail in the market.
Disclaimer: We are not responsible in any way for your profit or loss.
There are two components in this indicator.
[1] Moving Averages:
We must confirm the trend and take a small stop loss while executing the trade.
[2] Pivots:
We have used daily and weekly pivots to determine any breakout or breakdown.
The preferred time frame for analysis is hourly.
The trade must be executed in lower time frames.
Also, there is no holy grail in the market.
Disclaimer: We are not responsible in any way for your profit or loss.
Release Notes
Bollinger Pivot Indicator:There are two components in this indicator.
[1] Moving Averages:
We must confirm the trend and take a small stop loss while executing the trade.
[2] Pivots:
We have used daily and weekly pivots to determine any breakout or breakdown.
The preferred time frame for analysis is hourly.
The trade must be executed in lower time frames.
Also, there is no holy grail in the market.
Disclaimer: We are not responsible in any way for your profit or loss.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
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.