azuco

Bollinger Bear Sniper

azuco Updated   
This script uses Bollinger Band but with different interpretation. The upper Bollinger Band is the resistant level, the lower Bollinger Band is the base or support level. The Commodity Channel Index (CCI) and the Bollinger Bandwidth helps us avoid high risk.

The script identifies candles that are marking bold upward moves in prices and fires buy signal. Sales signals are fired when the candle closes in positive. The idea is to buy and sell on the same candle or next positively closed candle. This is anti-bear-anti-bags strategy. You either make profit or loss holding no bag. When you gain more than lose you are in business. This script is set to gain more than lose. We however offer no guarantee, expressed or implied. We are NOT responsible.
Release Notes:
This script uses Bollinger Band but with different interpretation. The upper Bollinger Band is the resistant level, the lower Bollinger Band is the base or support level. The Commodity Channel Index (CCI) and the Bollinger Bandwidth helps us avoid high risk. This strategy works in all markets.

The script identifies candles that are marking bold upward moves in prices and fires buy signal. Sales signals are fired when the candle closes in positive. The idea is to buy and sell on the same candle or next positively closed candle. This is anti-bear-anti-bags strategy. You either make profit or loss holding no bag. When you gain more than lose you are in business. This script is set to gain more than lose. This script achieves over 90% in downtrend market. We however offer no guarantee, expressed or implied. We are NOT responsible.
Release Notes:
More risk removal factored in to stop signals in time free fall in prices.
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact azuco for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

Want to use this script on a chart?

Warning: please read before requesting access.