This is a highly adjustable indicator for the ProfitTrailer Crypto Currency Trading Bot.
You can use it to visualize the LOWBB and HIGHBB buy/sell strategy. Here is how it works:
Set the candle size by setting your TV candle time accordingly
Set the amount of candles used for the Bollinger Band in the settings of this indicator
Also set the buy/sell value used and select your choice of either LOWBB or HIGHBB
The indicator will then show your offset line from either the high (HIGHBB) or low (LOWBB) Bollinger Band border and it will also mark the areas where the actual price exceeds this value and would generate a buy (or sell) signal for Profit Trailer. Please keep in mind that Profit Trailer may still use trailing buy and trailing profit to optimize your buy/sell situation, this can obviously not be shown through this indicator.
Note: This is a first public release, future modifications may follow and are then shown on this site as updates. Always read this page to the end.
→ For Feedback and Updates as well as Help on how to work with this indicator, please visit this Website:
Phát hành các Ghi chú
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fixed an issue where buy signals wouldn't be exact in edge cases
New default values but as always: Don't take them as a suggestion to trade on. Always make up your own values.
@Helmi For example I'm using LOWBB buy at 10% to trigger buy and 10% of HIGHBB to trigger sell, can you add DCA into this script? if so how? Thank you! Kensanlb
goferit
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@Helmi Can you clarify what the TV settings "Value" and "Length" correspond to in the PT settings? Is it "ALL_buy_value ="/ "ALL_sell_value =" in PAIRS.properties, and "BB_sma =" in INDICATORS.properties, respectively? Thx!
john106
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@goferit, I want to know this also . I can't translate the PT settings to this stratetegy.
john106
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@goferit, I find out that you need to set these values and time in your indicator.txt of each market.
Example:
SMA_period = 300
SMA_1 = 20
SMA_2 = 10
Helmi
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@goferit, sorry this is a bit unclear in the current version. So value is your buy value. Length is the number of candles it uses for the Bollinger Band. So it's the BB_sma value from your INDICATORS.properties file.
JimFalcon
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@goferit, Value is equal to ALL_buy_value and Length is BB_sma, this is my understanding. I set Value to 0 and Length to 40
Actually i did not use script in tradingview website before.