Multiple Timeframe Fib Bollinger Bands - can be used for 3commas

6 thg 5, 2021

*** This idea is based on Bollingers Bands Fibonacci ratios by Shizaru (tradingview.com/script/bCy9urOG-Bollinger-Bands-Fibonacci-ratios/)

** This will look less chaotic if you don't have all four time frames on at once! I left them on for the demo picture just to show them all simultaneously working.

This is the basis for most of my bot ideas - indicators from longer chart time frames laid over short time frame charts. What I mean by this is that I like the responsiveness of a 1m chart but indicators from a 1h or 4h chart. There are obviously downsides to doing this or everyone would do it, but I have consistently gotten top results using this method. This is a study, so not a strategy yet but you can use this with 3commas if you convert it to a strategy using band crossover/under points as buy and sell triggers.

That is super easy; just follow this excellent guide here which should work for this script:

kodify.net/tradingview/alerts/turn-alert-into-strategy/

It's not super hard if you know a little Pine but if you need help hit me up and we can figure something out.

This script by default has 15m, 30m, 1h and 4h settings that are configurable via the gear icon. You can enable or disable any time frame, change the color, etc. I will probably add accurate line labels, custom time frames and adjustable transparency soon.

It's advisable to use higher time frame indicator on a lower time frame chart, but not the other way around. I would use these indicators on a 1m chart but not a 1d chart, for example.

Have fun and I hope you get some use out of this! I use it for context more than bots but it is definitely possible to use it with both.