[KL] BOLL + MACD Strategy v2 (published)

This strategy will look for opportunities when price touches the lower Bollinger band , then enters Long when it anticipates a MACD crossover signal.

Setup: on 1-day chart interval

Exits when either (a) hitting trailing stop loss, or (b) meeting risk-to-reward, if defined by user.
Release Notes: Amended entry condition
Release Notes: Changed the way how TSL is plotted when position size is zero
Release Notes: Added feature allowing users to define the end-time of the timeframe for backtests (previously will only test up to most recent candle). The "end-date" can be defined in the config. window and toggled on/off.
Release Notes: Fixed a bug
Release Notes: v4.1: modified script to allow pyramiding
Release Notes: Fixed a bug
Release Notes: - added alert to notify when price is near the lower band
- additional exit setup
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Thank you ! Do you have a version with alerts too
+1 Reply
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