LAGging span leaves Bollinger Bands strategyAbstract
This script points out the positions a lagging span leaves a Bollinger Band.
This script does not plot a lagging span but moves the Bollinger Band forward.
You can find profit opportunities by combining this script and risk management.
Introduction
Bollinger Bands is a popular indicator.
It contains a moving average, an upper band and a lower band.
The moving average can indicate trend, the upper band and the lower band can indicate if the price is far away from the moving average.
However, in trading markets, anything can happen.
Both continuation and reversal are possible when the price touches the moving average, the upper band or the lower band.
Therefore, many traders adjust the parameters of the Bollinder Band or add other indicators to improve their trading strategies.
@Daveatt et. al. provided an idea that uses a lagging span.
A lagging span is a line chart. It displays the reference price but in earlier time.
For example, if the offset of a lagging span is 26 days, the value of the lagging span on 29 days ago is the reference price 3 days ago.
A lagging span is a part of Ichimoku Cloud.
It can compare the price to the earlier price and the values of indicators in the past.
To compare the price to the values of indicators in the past, we can also shift indicators forward instead of adding a lagging span into the chart.
This script uses shift-the-indicators-forward method.
In other words, this script plots the Bollinger Band forward so that the price can be compared to the values of the Bollinger Band in the past.
Computing and Adjusting
(1) Compute Moving Average
(2) Compute Standard Derivation
(3) Upper Band = Moving Average + Standard Derivation * Multi
(4) Lower Band = Moving Average - Standard Derivation * Multi
(5) Shift the Bollinger Band forward according to the offset parameter.
(6) Mark the points the price leaves the shifted Bollinger Band
(7) Compute the most possible loss and profit before the next opposite signal.
Parameters
source : the data for computing the bollinger band. can be open, high, low, close or their combination.
length : how many days are calculated by the bollinger band
mult : the distance from the moving average to the upper band and the distance from the moving average to the upper band is equal to ( mult * standard derivation ) .
x_offset : the offset of the lagging span
Conclusion
This script can find signals for potential breakout or trend continuation.
If you want to use this signal well, you need to know when to cut loss and protect the profit.
Reference
@Daveatt , Bollinger bands/Lagging span cross , BGyrPgOA , Tradingview 2019
How to trade with Bollinger Bands
How to use Ichimoku Cloud
How to trade with a line chart
ค้นหาในสคริปต์สำหรับ "bands"
Bollinger Bands Strategy with Intraday Intensity IndexFor Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed.
This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets.
This is a mean reversion strategy based on Bollinger Bands and the Intraday Intensity Index (a volume indicator). John Bollinger mentions that the Intraday Intensity Index can be used with Bollinger Bands and is one of the top indicators he recommends in his book. It seems he prefers it over the other volume indicators that he compares to for some reason. III looks a lot like Chaikin Money Flow but without the denominator in that calculation. On the default settings of the BBs, the III helps give off better entry signals. John Bollinger however is vague on how to use the BBs and it's hard to say if one should enter when it is below/above the bands or when the price crosses them. I find that with many indicators and strategies it's best to wait for a confirmation of some sort, in this case by waiting for some crossover of a band. Like most mean reversion strategies, the exit is very loose if using BBs alone. Usually the plan to exit is when the price finally reverts back to the mean or in this case the middle band. This can potentially lead to huge drawdowns and/or losses. Mean reversion strategies can have high win/loss ratios but can still end up unprofitable because of the huge losses that can occur. These drawdowns/losses that mean reversion strategies suffer from can potentially eat away at a large chunk of all that was previously made or perhaps up to all of it in the worst cases, can occur weeks or perhaps up to months after being profitable trading such a strategy, and will take a while and several trades to make it all back or keep a profitable track record. It is important to have a stop loss, trailing stop, or some sort of stop plan with these types of strategies. For this one, in addition to exiting the trade when price reverts to the middle band, I included a time-based stop plan that exits with a gain or with a loss to avoid potentially large losses, and to exit after only a few periods after taking the trade if in profit instead of waiting for the price to revert back to the mean.
Bollinger Bands and RSI Short Selling (by Coinrule)The Bollinger Bands are among the most famous and widely used indicators. A Bollinger Band is a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average ( SMA ) of a security's price, but which can be adjusted to user preferences. They can suggest when an asset is oversold or overbought in the short term, thus provide the best time for buying and selling it.
The relative strength index ( RSI ) is a momentum indicator used in technical analysis . RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI can do more than point to overbought and oversold securities. It can also indicate securities that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition.
The short order is placed on assets that present strong momentum when it's more likely that it is about to decrease further. The rule strategy places and closes the order when the following conditions are met:
ENTRY
The closing price is greater than the upper standard deviation of the Bollinger Bands
The RSI is less than 70
EXIT
The trade is closed in profit when the RSI is less than 70
Upper standard deviation of the Bollinger Band is greater than the the closing price.
This strategy comes with a stop loss and a take profit, and as you can see by the results, it is well suited for a bear market.
This trade works very well with ETH (1h timeframe), AVA (4h timeframe), and SOL (3h timeframe) and is backtested from the 1 December 2021 to capture how this strategy would perform in a bear market.
To make the results more realistic, the strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
Sideways Strategy DMI + Bollinger Bands (by Coinrule)Markets don’t always trade in a clear direction. At a closer look, most of the time, they move sideways. Relying on trend-following strategies all the time can thus lead to repeated false signals in such conditions.
However, before you can safely trade sideways, you have to identify the most suitable market conditions.
The main features of such strategies are:
Short-term trades, with quick entries and quick exits
Slightly contrarian and mean-reversionary
Require some indicator that tells you it’s a sideways market
This Sideways DMI + Bollinger Bands strategy incorporates such features to bring you a profitable alternative when the regular trend-following systems stop working.
ENTRY
1. The trading system requires confirmation for a sideways market from the Directional Movement Index (DMI) before you can start opening any trades. For this purpose, the strategy uses the absolute difference between positive and negative DMI, which must be lower than 20.
2. To pick the right moment to buy, the strategy looks at the Bollinger Bands (BB). It enters the trade when the price crosses over the lower BB.
EXIT
The strategy then exits when the move has been exhausted. Generally, in sideways markets, the price should revert lower. The position is closed when the price crosses back down below the upper BB.
The best time frame for this strategy based on our backtest is the 1-hr. Shorter timeframes can also work well on certain coins that are more volatile and trade sideways more often. However, as expected, these exhibit larger volatility in their returns. In general, this approach suits medium timeframes. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
Sideways Strategy DMI + Bollinger Bands (by Coinrule)Markets don’t always trade in a clear direction. At a closer look, most of the time, they move sideways. Relying on trend-following strategies all the time can thus lead to repeated false signals in such conditions.
However, before you can safely trade sideways, you have to identify the most suitable market conditions.
The main features of such strategies are:
Short-term trades, with quick entries and quick exits
Slightly contrarian and mean-reversionary
Require some indicator that tells you it’s a sideways market
This Sideways DMI + Bollinger Bands strategy incorporates such features to bring you a profitable alternative when the regular trend-following systems stop working.
ENTRY
1. The trading system requires confirmation for a sideways market from the Directional Movement Index (DMI) before you can start opening any trades. For this purpose, the strategy uses the absolute difference between positive and negative DMI, which must be lower than 20.
2. To pick the right moment to buy, the strategy looks at the Bollinger Bands (BB). It enters the trade when the price crosses over the lower BB.
EXIT
The strategy then exits when the move has been exhausted. Generally, in sideways markets, the price should revert lower. The position is closed when the price crosses back down below the upper BB.
The best time frame for this strategy based on our backtest is the 1-hr. Shorter timeframes can also work well on certain coins that are more volatile and trade sideways more often. However, as expected, these exhibit larger volatility in their returns. In general, this approach suits medium timeframes. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
You can execute this strategy on your favourite exchange at coinrule.com.
Bollinger Bands And Aroon Scalping (by Coinrule)Many technical indicators can be profitable in certain market conditions while failing in others. No indicator is perfect alone.
All the best trading strategies involve multiple indicators and leverage the benefit of each of them. The following is an optimised strategy based on Bollinger Bands and the Aroon indicator.
The Bollinger Bands are among the most famous and widely used indicators. They can suggest when an asset is oversold or overbought in the short term, thus provide the best time for buying and selling it.
A strategy buying dips can work well during times of uptrend. Downtrends will result in a drawdown for the P&L of the strategy. The suggested approach minimises the drawdowns, ensuring that the system trades only when it's more likely to close the trade in profit.
The Setup
ENTRY
The price crosses below the basis line of the Bollinger Band indicator
The Aroon Indicator is above 90
EXIT
The price crosses below the upper Bollinger Band
The Aroon Indicator drops below 70
The Aroon Indicator plays a key role in this strategy. It acts as a confirmation that the asset is currently in an uptrend. On the other hand, it acts as a stop if market conditions deteriorate. The strategy uses an Aroon Indicator set to 288 periods to provide a longer-term view on market conditions, not being heavily dependent on short-term volatility.
The best time frame for this strategy based on our backtest is the 4-hr . The 1-hr can work well with three times more trades, on average. As trades increase, the profitability decreases. Yet again, this is the confirmation that trading more does not mean gaining more.
To make the results more realistic, the strategy assumes each order to trade 30% of the available capital. A trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange.
Bollinger Bands + RSI Double Strategy (by SlumdogTrader)
// SlumdogTrader's Bollinger Bands + RSI Double Strategy - Profit Trailer
//
// Version 1.0
// Script by SlumdogTrader on July Fri 13(!), 2018.
//
// This strategy uses a normalise Bollinger Bands + RSI.
//
// Bollinger Band triggers
// SELL - when the price is above the upper band.
// BUY - when the price is below the lower band.
//
// RSI triggers
// SELL - when the price is above 55.
// BUY - when the price is below 45.
//
// This simple strategy only triggers when
// both the BB and the RSI
// indicators, at the same time, are in
// a overbought or oversold condition.
//
// Visit my TradingView work at:
// www.tradingview.com
//
// Visit my website at:
// www.slumdogtrader.com
Bollinger Bands Strategy with StopLossThis is the default Bollinger Bands Strategy with a small change to support Stop Loss.
The default built-int BBS does not support Stop Loss and using it may cause large losses, specially in margin trading.
Added inputs:
Source
Stop Loss Percentage
Trend Following with Bollinger BandsThis is a trend following system which uses the Bollinger Bands instead of the Donchian Channels.
Long position:
* Price closes above the middle line.
* The fast EMA (in this case the 40) crosses over or is above the slow one (in this case the 120)
Short position:
* Price closes below the middle line.
* The fast EMA crosses under or is below the slow one.
Stoploss:
* 4 ATRs away from the price.
Bollinger Bands %B - Belt Holds & Inner CandlesThis is a simple strategy that uses Bollinger Bands %B represented as a histogram combined with Candle Beltholds and Inside candles for entry signals, and combines this with "buy" and "sell" zones of the %B indicator, to buy and sell based on the zones you set.
How to use:
Long when in the green zone and an inside candle (which is highlighted in white) or a bullish belt hold (which is highlighted in yellow), and sell when inside a red zone and has an inside candle or a bearish belt hold (which is highlighted in purple) or the stop loss or take profit is hit.
Short when in the red zone and an inside candle (which is highlighted in white) or a bearish belt hold (which is highlighted in purple), and sell when inside a green zone and has an inside candle or a bullish belt hold (which is highlighted in yellow) or the stop loss or take profit is hit.
Stop loss / take profit selection:
Choose which performs best for you, ATR based uses the average true range, and % based is based on a set percent of loss or profit.
Bollinger Bands + ADX Strategy// This strategy uses Bollinger Bands to buy when the price
// crosses over the lower band and sell when it crosses down
// the upper band. It only takes trades when the ADX is
// below a certain level, and exits all trades when it's above it.
Reversal with Bollinger Bands + RSI + ADX + ATR (Upgraded)Hi,
Welcome to my 4th script.
Someone asked me some questions about the Bollinger Band strategy I previously published. When I went back to my published script I couldn't help myself but simply try and make it better. Which I did.
Since I've published that script, I've gained much more knowledge about how Pinescript functions. As well as gaining more and more knowledge about how the markets are structered etc.
In this reversal script we use 4 indicators to determine good entry signals, we determine whether the market is ranging or trending and we still only want to take trades in the direction of the "trend".
Bollinger Bands are used for our entry signal. When price hits either side of the band, we wait for a reverse candlestick before we enter a position.
RSI is used to determine if we're in a trending market or in a ranging market. You can adjust the values in the inputs. You can determine the minimum RSI value and the maximum RSI value.
ADX is used the same way as RSI, you can adjust the value in the inputs. You can determine the minimum ADX value.
Last but not least we use two EMA's, a 200 EMA and 100 EMA. Both are adjustable through the inputs. I used two EMA's because I noticed when using this strategy that we'd enter a new position often after having a bad trade. Using two EMA's might clean up some signals, in my case with EUR/USD on a 15m timeframe, it didn't clean up enough signals.
All the default values are pretty decent but might require some finetuning on a certain instrument. Don't overfit the strategy though, that'll only give you bad signals in the future.
Then we are off to our exit signals.
Initially I wanted to incorporate my previous Bollinger Band exit signals as well, but it was too much of a hassle to make the script work as intended so I left it out. If you want to use those exit signals, just find my other script.
When we're in a position and price crosses the opposite band, we wait for a reverse candlestick before we exit the position.
Additionally we want our losses to be as small as possible, so we use RSI to signal us when the market is, or starts to, trend against us. This is where you use the minimum and maximum exit values. So when RSI crosses over or under that value, it'll exit the position.
Furthermore, we use the ATR indicator to set our stop loss, which is pretty basic stuff. You can adjust the ATR multiplier in the inputs. Disabling "Use Trailing Stop?" is really inadvisable unless you know this script inside out as your only exit signals will be opposite Bollinger Band Cross and RSI overbought / oversold areas.
VWAP-Bollinger BandsThis script uses Bollinger bands but with a VWAP as the source, it uses the high crossing the upper band as a buy signal and a low crossing the lower band as a sell signal
Its default settings are for a day chart - Crypto 30 periods, forex 24 periods and stocks 20 periods, which basically line up with a month per asset class
ive seen good results in crypto and stocks, settings used between1% and 10% equity per trade with a 0.1% fee which lines up with Binance fee structure and $25 per trade which lines up with Commsec on the ASX
Bollinger Bands and RSI mix with DCAThis strategy uses a mix of Bollinger Bands and RSI to enter long positions. It impliments DCA.
Setup Trend Following Bollinger Bands - ValenteBuy when the candle closes above upper BB
Sell when the candle closes bellow lower BB
Stop always on base line
Volume Weighted Bollinger Bands Strategy
Simple strategy,
Using Volume weighted Bollinger Bands
> Directions for Usage:
1. Use only in scripts where volume is specified by tradingview
2. Check on which timeframe the script has a profit factor greater than 1.4
3. Use that timeframe for profitability
4. In some high liquid securities there is a decent profit factor even at 5 min scale (optimise at your end!! all i want to say)
Enjoy!
Hope this helps!!
CBMA Bollinger Bands Strategy directed [ChuckBanger]I just did a Bollinger Bands script with my newly CB moving average
While I'm generally against posting strategies because it's very easy to fake performance numbers... This is just to share a cool strategy snippet. My settings are 10 contracts/order with pyramiding set to 10. You can make the profitability a lot higher if you set the order size higher. But that dosent help you getting more out of this script when u make a bot of this script. I set the order size to 10 contracts to get your attention not to showcase the performance.
When the price is going down and outside of the lower side of the band. And when the price comes back into the channel the strategy buys. Usually that means the price is going up. And when the price is going up and outside of the upper band. The strategy sells when it crosses back in to the channel.
It is a very simple strategy but it is effective. I guess you need a proper stop-loss for this script to bee really profitable in a bot environment.
Trend Trader Bands Backtest This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
It was modified, result values wass averages.
And draw two bands above and below TT line.
ATR Trailing Stop Bands Strategy [R] Originally based on a script by HPotter for an ATR Trailing Stop, which itself was based on an article by Sylvain Vervoort, but I adapted it to add Bands, to add extra optional Wick Protection, and have now made it a Strategy. It's not great for entries/exits, but as a Trailing Stop that can let winners ride, it's great.
Noro's Advanced Bollinger Bands Strategy v1.0"ABB" - "Advanced Bollinger Bands"
For:
- any pair
- w1, d1, h1
Percent:
- 25 for d1
- 20 for h1
if the price is lower than the lower line of "ABB" = to open a long position
if the candle is green (closing > opening) = to close a long position
Gunbot - Bbands - UnlockedThis is a repost, the first version was locked and I am unable to unlock it. So I'm simply publishing it anew.
Original Post
Original Description
This is more of a test run than anything. Gunbot approximation courtesy of Vosechu and the original can be found here.
STARC Bands Backtest A type of technical indicator that is created by plotting two bands around
a short-term simple moving average (SMA) of an underlying asset's price.
The upper band is created by adding a value of the average true range
(ATR) - a popular indicator used by technical traders - to the moving average.
The lower band is created by subtracting a value of the ATR from the SMA.
STARC is an acronym for Stoller Average Range Channels. The indicator is
named after its creator, Manning Stoller.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
