[KL] BOLL + MACD Strategy v2 (published) by DojiEmoji

macd bollingerbands swingtrading trailingstop

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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