Bollinger Bands Outside Reversal

Not the most accurate indicator, but if combined with some others, it could help you.

BUY Conditions (green):
1. Blue candlestick closes above Bollinger Bands
2. Red candlestick opens outside Bollinger Bands

SELL Conditions (red):
1. Red candlestick closes below Bollinger Bands
2. Blue candlestick opens outside Bollinger Bands


Please always remember, there is no holy grail indicator!

Phát hành các Ghi chú:

- Update from Pinescript v3 to v5
- Added alertcondition for bullish and bearish reversals