This indicator displays RSI, a normalized Bollinger Band &b (Usual 0 -1 range of BB normalized to the OBOS range of RSI), and a normalized smoothed Stochastic (again, normalized to the OBOS of RSI) simultaneously with a single indicator.
It also displays buy and sell signals based upon the above.
The stochastic can be turned on and off, and the sell signal calculation will be changed accordingly (Stochastic not used to calculate buy signal).
All periods, OBOS levels, deviation, etc, are user adjustable. The buy and sell arrows can be optionally turned off.
The indicator supports alerts for the buy and sell signals.
This is a considerably rewritten, cleaned up, and updated version of my BB %b & RSI Indicator and Alert with many more features, and including a stochastic.
This indicator is mainly for use with Cryptocurrencies in shorter time periods to display possible trade opportunities. Can also be used with Forex.
Thanks you, Zamboniman.
Did you do a backtest for this indicator?
Nikeless9
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This is exactly what I have been looking for the last few days. An indicator that combines the Bollinger Bands, RSI, Stochastic, you can make your own settings on the respective values and you get buy/sell signals. Thanks a lot!
zetx1
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does it repaint???
Tris32478123
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I feel really interesting with "Bull Finder2 script". I hope you can chat with me more about that script
I would love to use this combination indicator. However, when I tried to add the script to the chart, it showed multiple errors. I guess it's because there may have been some changes to the pine editor. Can you please update the script so that it can be run in today's pine editor?
Dixonism
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I just noticed that I can successfully add your indicator through the Indicators & Strategies library. However, when I copied your script to the pine editor and tried to add the script to the chart, it showed multiple errors. I'm not sure why.
GreenLime7
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Thank You soo much!
Do you by any chance have a video or further documentation on how to use this for Buy & Sell, I prefer not to use the alerts. Thanks
Did you do a backtest for this indicator?