BB Bot

2020년 6월 6일

This bot is automating signals based on Bollinger Band deviations. Both arrows and '+' signs are potential entries given when price violates one of the outer bands.

1st profit target is the BB mid-band (thinner inside line running in parallel with the BB envelope ).
2nd and final profit target is the opposite outer BB, as per conventional BB theory.

BB Width can be used to better time signals when the Bollinger bands are contracting.

The bot also automatically plots sup/res levels to indicate good location for taking trades (and exiting them). In this example I have included Better SCMR for extra confluence when taking entries.

Very efficient for discretionary scalping on down to 15 min, but also a super useful tool to get good location on higher timeframe entries, e.g. sup/res levels can automatically be derived on daily/weekly charts and entries can be fine tuned down to H1/H4.

The bot can also be fully automated by using TV signals on entries and exits and feeding those into an execution platform.

PM through TradingView for access information.