BOLLINGER BY HARSH

18 thg 12, 2024

### Description for the Indicator:

**Advanced Bollinger Bands + Inside Bar Signals**

This indicator is a versatile trading tool designed for precision and reliability, combining the power of Bollinger Bands with Inside Bar pattern detection and trend filtering. It offers traders a unique way to identify high-probability trading opportunities by integrating multiple market analysis techniques.

#### Key Features:
1. **Bollinger Bands:**
- Measures market volatility and identifies potential reversal zones.
- Upper and lower bands act as dynamic support and resistance levels.

2. **Inside Bar Pattern Detection:**
- Highlights areas of market consolidation and potential breakout setups.
- Displays inside bars directly on the chart for easy visualization.

3. **Trend Detection:**
- Uses an EMA (Exponential Moving Average) to determine market direction.
- Only signals trades aligned with the prevailing trend for better accuracy.

4. **Session Filter:**
- Allows you to restrict signals to specific trading sessions.
- Helps avoid false signals during low-liquidity periods.

5. **Advanced Buy & Sell Signals:**
- Buy signals: Inside bar near the lower Bollinger Band in an uptrend.
- Sell signals: Inside bar near the upper Bollinger Band in a downtrend.
- Reduces noise and focuses on high-quality setups.

6. **Risk Management Tools:**
- Automatically calculates take-profit and stop-loss levels based on ATR (Average True Range).
- Plots these levels on the chart to help traders manage risk effectively.

7. **Alerts for Signals:**
- Get notified instantly for buy and sell opportunities via TradingView alerts.

11 thg 3

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