Bollinger Bands and ATR Buy/Sell Signals by Marco

قبل ٢٠ ساعةGuide:

Bollinger Bands: The script uses a simple moving average (SMA) as the basis and calculates the upper and lower bands using a standard deviation multiplier.

Buy Signal: Generated when the price closes below the lower Bollinger Band and is also below the basis adjusted by the ATR, indicating a potential reversal.
Sell Signal: Triggered when the price closes above the upper Bollinger Band and above the basis adjusted by the ATR, suggesting overbought conditions.
ATR: The Average True Range is used to gauge market volatility. This helps to confirm the strength of the buy/sell signals.

Signal Plotting: Buy and sell signals are displayed as labels on the chart, making it easy to visualize potential entry and exit points.

Visual Elements: The Bollinger Bands are plotted for reference, with the basis line in blue, upper band in red, and lower band in green.