Usage Recommendations Best Timeframes: 1H-4H charts for swing trading
Pair With: Volume analysis or Fibonacci levels
Risk Management:
Use outer Bollinger bands as stop-loss guides
Inner bands as profit-taking targets
Market Conditions:
Strong trends: Follow directional signals
Range markets: Fade signals at Bollinger extremes
Why Traders Love This "The Bollinger Zones add crucial context missing in most signal indicators. I use the red zone as a 'danger area' for longs and the yellow zone as bargain-hunting territory." - Beta Tester
Alert Setup Tip: Create separate alerts for buy/sell signals with message templates like: "Bullish Signal {{ticker}} @ {{close}}" "Bearish Signal {{ticker}} - Consider short"
Created by S-Rezvani | TradingView Community Pro Tip: Combine with volume spikes for explosive move confirmation! 🚀