OPEN-SOURCE SCRIPT
CDub's BolBands Setup
Uses a set of Bollinger Bands (user defined deviation, user defined deviation * 2) to determine possible entry set ups.
Signals are triggered when price crosses the first band (closest to the baseline MA) in the desired direction.
baseline can be your take profit 1 target
The inside band determines entry and can be used as a take profit 2 target (Opposite side of baseline)
The outside band is a suggested stop loss target (Same side of baseline) and can be used as a take profit 3 target (Opposite side of baseline)
Suggestions are welcome!
-CDub
Signals are triggered when price crosses the first band (closest to the baseline MA) in the desired direction.
baseline can be your take profit 1 target
The inside band determines entry and can be used as a take profit 2 target (Opposite side of baseline)
The outside band is a suggested stop loss target (Same side of baseline) and can be used as a take profit 3 target (Opposite side of baseline)
Suggestions are welcome!
-CDub
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.