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Big Candle Touches Bollinger Band

What It Does:

This indicator helps you spot important trading signals by combining Bollinger Bands with big candles.

Key Features:

Bollinger Bands: These bands show the average price (middle band) and the range of price movement (upper and lower bands) over a set period. The bands widen when prices are more volatile and narrow when they are less volatile.

Big Candle Detection: A "big candle" is a candle that has a larger body compared to the average price movement over a period. This is determined using the Average True Range (ATR), which measures market volatility.

How It Works:

Detects Big Candles: It checks if a candle’s body (the difference between its open and close prices) is bigger than usual, based on a multiplier of the ATR.

Touching Bollinger Bands: It looks for candles that touch or cross the upper or lower Bollinger Bands.

Highlights Important Signals:

Sell Signal: When a big candle touches the upper Bollinger Band, it marks it as a "Sell" signal with a red label.
Buy Signal: When a big candle touches the lower Bollinger Band, it marks it as a "Buy" signal with a green label.
Alerts:

You'll get alerts when a big candle touches the upper or lower Bollinger Bands, so you don’t miss these potential trading opportunities.
Visuals:

Bollinger Bands: Shown as three lines on the chart — the upper band (red), the lower band (green), and the middle band (blue).
Labels: Red labels for sell signals and green labels for buy signals when a big candle touches the bands.
This indicator helps you identify potential trading opportunities by focusing on significant price movements and how they interact with the Bollinger Bands.

Bands and ChannelsCandlestick analysisVolatility

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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