Outside the Bollinger Bands Alerting Indicator

3시간 전

Overview

The Outside the Bollinger Bands Alerting Indicator is a comprehensive technical analysis tool that combines multiple proven
indicators into a single, powerful system designed to identify high-probability reversal patterns at Bollinger Band extremes. This
indicator goes beyond simple band touches to detect sophisticated pattern formations that often signal strong directional moves.

Key Features & Capabilities
🎯 Advanced Pattern Recognition

Bollinger Band Breakout Patterns
- Detects "pierce-and-reject" formations where price breaks through a Bollinger Band but immediately reverses back inside
- Identifies failed breakouts that often lead to strong moves in the opposite direction
- Combines multiple confirmation signals: engulfing candle patterns, MACD momentum, and ATR volatility filters
- Visual alerts with symbols positioned below (bullish) or above (bearish) candles

Tweezer Top & Bottom Patterns
- Identifies consecutive candles with nearly identical highs (tweezer tops) or lows (tweezer bottoms)
- Requires at least one candle to breach the respective Bollinger Band
- Confirms reversal with directional close requirements
- Customizable tolerance settings for pattern sensitivity
- Visual alerts with ❙❙ symbols for easy identification

📊 Multi-Indicator Integration

Bollinger Bands Indicator
- Dual-band configuration with outer (2.0 std dev) and inner (1.5 std dev) bands that can be adjusted to suit your own parameters
- Configurable MA types: SMA, EMA, SMMA (RMA), WMA, VWMA
- Customizable length, source, and offset parameters
- Color-coded band fills for visual clarity

Moving Average Suite
- EMA 9, 21, 50, and 200 (individually toggleable)
- Special "SMA 3 High" for help visualizing and detecting Bollinger Band break-outs
- Dynamic color coding based on price relationship

Optional Ichimoku Cloud overlay
- Complete Ichimoku implementation with customizable periods
- Dynamic cloud coloring based on trend direction
- Toggleable overlay that doesn't interfere with other indicators

🚨 Comprehensive Alert System

Real-Time JSON Alerts
- Sends structured data on every confirmed bar close
- Includes all indicator values: BB levels, EMAs, MACD, RSI
- Contains signal states and crossover conditions
- Perfect for automated trading systems and webhooks

{"timestamp":1753118700000,"symbol":"ETHUSD","timeframe":"5","price":3773.3,"bollinger_bands":{"upper":3826.95,"basis":3788.32,"lower":3749.68},"emas":{"ema_9":3780.45,"ema_21":3788.92,"ema_50":3800.79,"ema_200":3787.74,"sma_3_high":3789.45},"macd":{"macd":-10.1932,"signal":-11.3266,"histogram":1.1334},"rsi":{"rsi":40.5,"rsi_ma":39.32,"level":"neutral"}}

Specific Alert Conditions
- MACD histogram state changes (rising to falling, falling to rising)
- RSI overbought/oversold crossovers
- All pattern detections (BB Bounce, Tweezer patterns)
- Bollinger Band breakout alerts

🎨 Visual Elements

Pattern Identification
- ♻ symbols for Bollinger Band breakout patterns (green for bullish, red for bearish)
- ❙❙ symbols for tweezer patterns (green below for bottoms, red above for tops)
- Color-coded band fills for trend visualization

Chart Overlay Options
- All moving averages with distinct colors
- Bollinger Bands with inner and outer boundaries
- Optional Ichimoku cloud with trend-based coloring

Trading Applications

Reversal Trading

- Identify high-probability reversal points at extreme price levels
- Use failed breakout patterns for entry signals
- Combine multiple timeframes for enhanced accuracy

Trend Analysis

- Monitor moving average relationships for trend direction
- Use Ichimoku cloud for trend strength assessment
- Track momentum with MACD and RSI integration

Risk Management

- ATR-based volatility filtering reduces false signals
- Multiple confirmation requirements improve signal quality
- Real-time alerts enable prompt decision making


Suggested Use

- Use on multiple timeframes for confluence
- Combine with support/resistance levels for enhanced accuracy
- Set up alerts for hands-free monitoring
- Customize settings based on market volatility and trading style
- Consider volume confirmation for stronger signals

3시간 전

릴리즈 노트

Overview

The Outside the Bollinger Bands Alerting Indicator is intended to alert users to Bollinger Band break-outs. Several custom alerts have been added for convenience, plus a comprehensive JSON message that captures a variety of data (useful for webhooks).

Bollinger Band Breakout Patterns
- Detects "pierce-and-reject" formations where price breaks through a Bollinger Band but immediately reverses back inside
- Identifies failed breakouts that often lead to strong moves in the opposite direction
- Combines multiple confirmation signals: engulfing candle patterns, MACD momentum, and ATR volatility filters
- Visual alerts with symbols positioned below (bullish) or above (bearish) candles

Tweezer Top & Bottom Patterns
- Identifies consecutive candles with nearly identical highs (tweezer tops) or lows (tweezer bottoms)
- Requires at least one candle to breach the respective Bollinger Band
- Confirms reversal with directional close requirements
- Customizable tolerance settings for pattern sensitivity
- Visual alerts with ❙❙ symbols for easy identification

📊 Multi-Indicator Integration

Bollinger Bands Indicator
- Dual-band configuration with outer (2.0 std dev) and inner (1.5 std dev) bands that can be adjusted to suit your own parameters
- Configurable MA types: SMA, EMA, SMMA (RMA), WMA, VWMA
- Customizable length, source, and offset parameters
- Color-coded band fills for visual clarity

Moving Average Suite
- EMA 9, 21, 50, and 200 (individually toggleable)
- Special "SMA 3 High" for help visualizing and detecting Bollinger Band break-outs
- Dynamic color coding based on price relationship

Optional Ichimoku Cloud overlay
- Complete Ichimoku implementation with customizable periods
- Dynamic cloud coloring based on trend direction
- Toggleable overlay that doesn't interfere with other indicators

🚨 Comprehensive Alert System

Real-Time JSON Alerts
- Sends structured data on every confirmed bar close
- Includes all indicator values: BB levels, EMAs, MACD, RSI
- Contains signal states and crossover conditions
- Perfect for automated trading systems and webhooks

Example Output:
{
"timestamp":1753118700000,
"symbol":"ETHUSD",
"timeframe":"5",
"price":3773.3,
"bollinger_bands":{"upper":3826.95,"basis":3788.32,"lower":3749.68},
"emas":{"ema_9":3780.45,"ema_21":3788.92,"ema_50":3800.79,"ema_200":3787.74,"sma_3_high":3789.45},
"macd":{"macd":-10.1932,"signal":-11.3266,"histogram":1.1334},
"rsi":{"rsi":40.5,"rsi_ma":39.32,"level":"neutral"}
}


Specific Alert Conditions
- MACD histogram state changes (rising to falling, falling to rising)
- RSI overbought/oversold crossovers
- All pattern detections (BB Bounce, Tweezer patterns)
- Bollinger Band breakout alerts

🎨 Visual Elements

Pattern Identification
- ♻ symbols for Bollinger Band breakout patterns (green for bullish, red for bearish)
- ❙❙ symbols for tweezer patterns (green below for bottoms, red above for tops)
- Color-coded band fills for trend visualization

Chart Overlay Options
- All moving averages with distinct colors
- Bollinger Bands with inner and outer boundaries
- Optional Ichimoku cloud with trend-based coloring

Trading Applications

Reversal Trading

- Identify high-probability reversal points at extreme price levels
- Use failed breakout patterns for entry signals
- Combine multiple timeframes for enhanced accuracy

Trend Analysis

- Monitor moving average relationships for trend direction
- Use Ichimoku cloud for trend strength assessment
- Track momentum with MACD and RSI integration

Risk Management

- ATR-based volatility filtering reduces false signals
- Multiple confirmation requirements improve signal quality
- Real-time alerts enable prompt decision making


Suggested Use

- Use on multiple timeframes for confluence
- Combine with support/resistance levels for enhanced accuracy
- Set up alerts for hands-free monitoring
- Customize settings based on market volatility and trading style
- Consider volume confirmation for stronger signals