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Bollinger Bands Outside Reversal

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Not the most accurate indicator, but if combined with some others, it could help you.

BUY Conditions (green):
1. Blue candlestick closes above Bollinger Bands
2. Red candlestick opens outside Bollinger Bands

SELL Conditions (red):

1. Red candlestick closes below Bollinger Bands
2. Blue candlestick opens outside Bollinger Bands


Please always remember, there is no holy grail indicator!
版本注释
- Update from Pinescript v3 to v5
- Added alertcondition for bullish and bearish reversals

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