FREE 'Bollinger & RSI Strategy Alerts' Indicator (TradingView)

Bollinger & RSI Strategy Alerts V123

60% Demo-Tested Win-Rate in conjunction with my My Trading Rules V21

This powerful indicator is engineered to provide real-time buy and sell alerts for a 1-hour mean-reversion and price-reversal strategy. It intelligently identifies potential trade setups when price reaches or extends beyond the Bollinger Bands.

Each signal is confirmed by two critical factors:

A specific candle color (green for buy opportunities, red for sell opportunities).

An oversold or overbought reading from the Relative Strength Index (RSI).

This indicator features a comprehensive visual framework, including five distinct Bollinger Bands (Upper, Middle, Lower, and two Mid-Range bands) and dynamically plotted Higher Timeframe Support and Resistance lines. While this might initially appear complex, these multiple layers of information are designed to provide a deeper understanding of market structure and potential turning points, ultimately enhancing your decision-making.

This indicator is specifically designed to be used in conjunction with My Trading Rules V21. Always remember to manually cross-check Daily and Weekly charts for higher timeframe confluence before entering any trade.

The associated strategy typically employs a 1:1 Reward/Risk Ratio, with Take Profit (TP) levels strategically placed at the Middle Bollinger Band. Stop Loss (SL) for buy trades is placed below the Lower Bollinger Band, and for sell trades, it's placed above the Top Bollinger Band.


⚠️ IMPORTANT DISCLAIMER: I AM NOT PROVIDING FINANCIAL ADVICE; THIS INDICATOR AND ITS ASSOCIATED STRATEGY ARE NOT A SUBSTITUTE FOR PROPER TRADING KNOWLEDGE, THOROUGH RESEARCH, AND A WELL-DEFINED TRADING PLAN. ALWAYS CONDUCT YOUR OWN DUE DILIGENCE.