OPEN-SOURCE SCRIPT

BB Signal v2.1 [ABA Invest]

7 689
About
This signal appears based on 2nd candle break out of Bollinger Bands (called Momentum) with additional EMA 50 and EMA 200 as trend filters. so the concept is to take advantage of candle breakout by following trends.


How to use
Buy: When signal 'Buy' appears (following trend of upper timeframe)
Recommended stop loss: previous swing low

Sell: When signal 'Sell' appears (following trend of upper timeframe)
Recommended stop loss: previous swing high


Rules
1. use a good risk-reward ratio (minimum 1.5)
2. Please do backtest before using this signal
3. Don't always take every signal (must know when to stop)
版本注释
Changed label style from abovebar (for buy) to belowbar (for buy), and vice versa for sell

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