This signal uses Bollinger Band to generate signals. Bollinger Band is a set of lines plotted two standard deviations (positively and negatively) away from a simple moving average of the security's price. A Bollinger Band is normally plotted two standard deviations away from a simple moving average but can be adjusted to user preferences. Signals are generated when price goes above/below the Bands.
After adding this signal on TradingView, you will get notified every time the closing price crosses the upper or lower band, alerting you of potential entry points for long and short term trades.
This algorithm takes in consideration Volume Levels, Support & Resistance, Standard Deviation and Volatility Movements.
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