Bollinger Bands %bb (normalised) & RSI

Indicator for displaying both Bollinger Bands %bb (normalised) and RSI simultaneously (Usual 0 - 1 range of BB normalised to the 30 - 70 range of RSI ).

When both Bollinger Bands %bb and RSI are OB/OS then the column will turn blue and a buy/sell arrow will appear in the indicator provided other conditions pertaining to the OB/OS condition in one of the last two candles are also met.

I use this mainly for Cryptocurrencies for shorter time periods to indicate possible trade opportunities.

You could also set an alert on the arrow indicator appearing to auto trade.
Release Notes: Changed colours so they are colourblind compliant.
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.

Want to use this script on a chart?


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