Bollinger Bands + RSI + Heikin Ashi Breakout (Naman)
Bollinger Bands + RSI + Heikin Ashi Candles (Smooth Breakout Strategy) Objective: Filter noise using Heikin Ashi candles to identify clean breakouts.
How It Works: Bollinger Bands: Indicate breakout direction. RSI: Confirm momentum (e.g., rising RSI > 50). Heikin Ashi Candles: Smooth price action for cleaner signals. Application: Enter long when Heikin Ashi candles turn green and close above the upper Bollinger Band with RSI > 50. Exit when Heikin Ashi candles turn red or RSI enters overbought.