Usiing Bollinger Bands With RSI
Here I would be talking about how one can use Bollinger bands with RSI . This strategy works more better in volatile markets so using it in illiquid instruments may not be a good idea. You can either go short or long using this strategy. Here how you can use it.
Rule for taking long position:
when price goes below lower bollinger band & RSI is in oversold zone then it can be a great opportunity to go long.
Rule for taking short position:
when price goes above upper bollinger band &RSI is in overbought zone then it can be a great opportunity to go short.
Rule for taking long position:
when price goes below lower bollinger band & RSI is in oversold zone then it can be a great opportunity to go long.
Rule for taking short position:
when price goes above upper bollinger band &RSI is in overbought zone then it can be a great opportunity to go short.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.