OPEN-SOURCE SCRIPT

Improved Bollinger Swing Strategy Stock Nasdaq

This is an improved bollinger band strategy adapted to Nasdaq Index/Stocks.

The new update include a multiple logic calculation BB adapted for long and short, together with a risk management using movement in %.


Rules for entry
For long we have a crossover between the close and the lower band from the bb
For long we have a crossover between the close and the upper band from the bb


Rules for exit
We exit when we either find a reverse condition, or if we hit the take profit/stop loss levels.


If you have any questions, let me know !
Bollinger Bands (BB)nasdaqNASDAQ 100 CFDSPX (S&P 500 Index)S&P 500 (SPX500)StocksstrategyswingTrend Analysis

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.

Want to use this script on a chart?


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