Like Takashi Bands, this signal also uses Bollinger Band to generate signals. But in addition, RSI levels are considered. Takashi Bands + RSI will only generate signals when both criteria are met.
After adding this signal on TradingView, you will get notified every time the closing price crosses the upper or lower band and RSI is reaching "oversold" and "overbought" levels, alerting you of potential entry points for long and short term trades.
This algorithm takes in consideration Volume Levels, Support & Resistance, Relative Strength Index, and Volatility Movements.
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