Bollinger Bands Filter (TradeChartist) / Owl of Profit remake

This strategy, created by TradeChartist, uses Bollinger Bands to filter market conditions and generate precise signals for long and short positions based on price action relative to the Bollinger Bands.

Special thanks to TradeChartist for the inspiration!

Features:

Bollinger Bands Logic:

Long Entry: Triggered when the price crosses above the upper Bollinger Band.
Short Entry: Triggered when the price crosses below the lower Bollinger Band.
Customizable Settings:

Adjust the SMA period and Standard Deviation multiplier for Bollinger Bands to suit your trading style.
Enable or disable bar coloring based on Bollinger Bands logic.
Alerts and Visualization:

Clear alerts for both Long and Short signals.
Visual signals with triangle markers directly on the chart.
Shaded Bollinger Bands with customizable transparency for easier zone identification.
Bar Coloring:

Green for bullish conditions when the price is above the upper band.
Red for bearish conditions when the price is below the lower band.
This strategy is designed for educational and testing purposes. Use it as a foundation for backtesting and customization to your trading approach.

Visit my website for more tools and strategies: bybitindicators.com

Happy trading!