Bollinger Bands Stochastic RSI Extreme
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This is the finalized code released to the public that I created in a video linked here.
This indicators combines a Bollinger Band and Stochastic RSI to produce signals for possible price reversal. The signals are displayed by default as green arrows for bullish and red arrows for bearish .
To trigger a signal the indicator checks for the following:
( Bullish )
A candle closes above the upper Bollinger Band
The following candle closes within the upper Bollinger Band
The RSI Stochastic is below the set threshold (10 by default)
( Bearish )
A candle closes below the lower Bollinger Band
The following candle closes within the lower Bollinger Band
The RSI Stochastic is above the set threshold (90 by default)
backtest
Source
Pine
/*backtest
start: 2022-04-30 00:00:00
end: 2022-05-29 23:59:00
period: 15m
basePeriod: 5m
exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}]
*/
//@version=4
study(shorttitle="BBSR Extreme", title="Bollinger Bands Stochastic RSI Extreme Signal", overlay=true, resolution="")
//General InputsStrategy parameters
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