OPEN-SOURCE SCRIPT
CDub's BolBands Setup
Uses a set of Bollinger Bands (user defined deviation, user defined deviation * 2) to determine possible entry set ups.
Signals are triggered when price crosses the first band (closest to the baseline MA) in the desired direction.
baseline can be your take profit 1 target
The inside band determines entry and can be used as a take profit 2 target (Opposite side of baseline)
The outside band is a suggested stop loss target (Same side of baseline) and can be used as a take profit 3 target (Opposite side of baseline)
Suggestions are welcome!
-CDub
Signals are triggered when price crosses the first band (closest to the baseline MA) in the desired direction.
baseline can be your take profit 1 target
The inside band determines entry and can be used as a take profit 2 target (Opposite side of baseline)
The outside band is a suggested stop loss target (Same side of baseline) and can be used as a take profit 3 target (Opposite side of baseline)
Suggestions are welcome!
-CDub
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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