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SassyCrypto - Bollinger Band Deviations
This script provides a signal when price has accepted outside the Bollinger bands then then closed back within the Bollinger bands.
Given price spends 95% of its time within 2 SD of the mean, this is useful to identify when price is losing momentum and likely to revert back to the mean.
I find this useful for taking profit on swing trades or entering counter trend trades for a mean reversion.
Given price spends 95% of its time within 2 SD of the mean, this is useful to identify when price is losing momentum and likely to revert back to the mean.
I find this useful for taking profit on swing trades or entering counter trend trades for a mean reversion.
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