OPEN-SOURCE SCRIPT
Bollinger Bands Strategy - Cohen
Indicator based on the “Prince of NY” strategy developed by Rodrigo Cohen.
It consists in the use of Bollinger Bands, combined with a coloring rule to indicate places of purchase and sale.
An entry signal is given when a candle close outside the band, where, if the next one closes inside, there is the entrance, looking for the MA or the other band.
Red candle - indicates a sell signal.
Green candle - indicates a buy signal.
It consists in the use of Bollinger Bands, combined with a coloring rule to indicate places of purchase and sale.
An entry signal is given when a candle close outside the band, where, if the next one closes inside, there is the entrance, looking for the MA or the other band.
Red candle - indicates a sell signal.
Green candle - indicates a buy signal.
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