Bollinger Fanboy
To use this indicator. Set pending orders to enter at "Entry", stoploss at "Stop", and profit at "Exit". Close pending order after 10 bars if it doesn't open.
Please use this at your own risk. By using this indicator you are agreeing that I am in no way liable for any financial losses that may occur indirectly or directly as a result of using this indicator.
Copyright 2014 Michael Edwards (info@bollingerfanboy.com)
Bollingfanboy.com
Please use this at your own risk. By using this indicator you are agreeing that I am in no way liable for any financial losses that may occur indirectly or directly as a result of using this indicator.
Copyright 2014 Michael Edwards (info@bollingerfanboy.com)
Bollingfanboy.com
study(title="Bollinger Fanboy", shorttitle="Bollinger Fanboy", overlay=true) bf_middle = sma(close, 20) bf_top = bf_middle + (stdev(close, 20) * 2) bf_bottom = bf_middle - (stdev(close, 20) * 2) bf_short_entry = low bf_short_stop = high bf_short_exit = low - ((high-low) * 1.5) bf_long_entry = high bf_long_stop = low bf_long_exit = high + ((high-low) * 1.5) bf_long = close < bf_middle ? (close > bf_bottom ? true : false) : false bf_short = close > bf_middle ? (close < bf_top ? true : false) : false bf_lowest = low == lowest(10) ? ( low < bf_bottom ? true : false ) : false bf_highest = high == highest(10) ? ( high > bf_top ? true : false ) : false bf_go_long = bf_long ? ( bf_lowest ? ( bf_long_exit < bf_middle ? true : false ) : false ) : false bf_go_short = bf_short ? ( bf_highest ? ( bf_short_exit > bf_middle ? true : false ) : false ) : false bf_enter = bf_go_long ? bf_long_entry : ( bf_go_short ? bf_short_entry : bf_enter[1] ) bf_exit = bf_go_long ? bf_long_exit : ( bf_go_short ? bf_short_exit : bf_exit[1] ) bf_stop = bf_go_long ? bf_long_stop : ( bf_go_short ? bf_short_stop : bf_stop[1] ) plot(bf_enter == bf_enter[10] ? na : bf_enter, title="Entry", color=orange, style=circles) plot(bf_enter == bf_enter[10] ? na : bf_exit, title="Exit", color=green, style=circles) plot(bf_enter == bf_enter[10] ? na : bf_stop, title="Stop", color=red, style=circles)