Bollinger Band + RSI + ADX + MACD + Heikinashi

٢٢ مايو ٢٠٢١

This script takes into picture Bollinger Bands, RSI with a comparator value, ADX with a comparator value, and MACD with Heikinashi Direction

THIS IS A LONG-ONLY STRATEGY. SHORT TRADES ARE NOT INCLUDED

Strategy:

The Strategy takes a trade only after ALL the following conditions are met.

• Candle low is lower than the Bollinger Lower band
  
  
• RSI is higher than the comparator value
  
  
• ADX is higher than the comparator value
  
  
• MACD value is higher than the Signal value
  

Stop Loss: Max of (Low of the candle - 0.22% and Close of the candle - 0.32%) - FYI, because its max, it's lower of the 2 and your risk is lesser

Target: Max of (Bollinger Band Upper band and 0.75% of the value of underlying) - FYI, it takes the maximum available