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Custom BB-RSI Indicator
The Custom BB-RSI Indicator combines Bollinger Bands (BB) and Relative Strength Index (RSI) to help traders identify potential buy and sell signals in the market. This indicator is designed for both novice and advanced traders who use technical analysis to make informed trading decisions.
Key Features:
• Bollinger Bands: Measures price volatility and highlights potential overbought or oversold zones.
• Relative Strength Index (RSI): Identifies momentum shifts and potential reversal points using overbought/oversold levels.
• Buy and Sell Signals: Visual markers (arrows) appear when the RSI crosses the predefined overbought/oversold levels.
• Customizable Inputs: Adjust Bollinger Bands length, RSI length, and threshold levels to suit your trading strategy.
How It Works:
• A Buy Signal is generated when the RSI crosses above the oversold level (default: 30).
• A Sell Signal is triggered when the RSI crosses below the overbought level (default: 70).
• Both signals are displayed as visual markers on the chart for easy identification.
This indicator is ideal for identifying breakouts, trend reversals, and market entry/exit points in various timeframes. Use it as part of a broader trading strategy for crypto, forex, stocks, or any other markets supported by TradingView.
Key Features:
• Bollinger Bands: Measures price volatility and highlights potential overbought or oversold zones.
• Relative Strength Index (RSI): Identifies momentum shifts and potential reversal points using overbought/oversold levels.
• Buy and Sell Signals: Visual markers (arrows) appear when the RSI crosses the predefined overbought/oversold levels.
• Customizable Inputs: Adjust Bollinger Bands length, RSI length, and threshold levels to suit your trading strategy.
How It Works:
• A Buy Signal is generated when the RSI crosses above the oversold level (default: 30).
• A Sell Signal is triggered when the RSI crosses below the overbought level (default: 70).
• Both signals are displayed as visual markers on the chart for easy identification.
This indicator is ideal for identifying breakouts, trend reversals, and market entry/exit points in various timeframes. Use it as part of a broader trading strategy for crypto, forex, stocks, or any other markets supported by TradingView.
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