Bollinger Bands & RSI Signal Scanner (PS by TJ)

3 בינו׳

This Pine Script combines Bollinger Bands and Relative Strength Index (RSI) to identify potential buy and sell signals on the chart. It is designed for use on the TradingView platform and provides both visual cues and alerts.

Features:
Bollinger Bands Calculation:

Based on a Simple Moving Average (SMA) of the price.
Upper and lower bands are calculated using a user-defined multiplier for standard deviations.
RSI Integration:

Calculates the RSI with a user-configurable period.
Utilizes overbought (80) and oversold (20) thresholds to refine signals.
Combined Signals:

Buy Signal: Triggered when the price crosses above the lower Bollinger Band, and RSI is below the oversold threshold.
Sell Signal: Triggered when the price crosses below the upper Bollinger Band, and RSI is above the overbought threshold.

Visual Indicators:

Buy signals are displayed as upward-pointing labels below the price bars.
Sell signals are displayed as downward-pointing labels above the price bars.