TradingView
The-4xdev-company
23 nov 2021 08:20

Bollinger Bands Fibonacci Ratios Strategy 

NASDAQ:AAPL1D
Apple Inc.NASDAQ

Descrizione

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Hello, everyone!

We have just released an innovative strategy for TradingView. It allows you to identify price pivot points and volatility.


This strategy is:
  • User-friendly

  • Configurable

  • Equipped with Bollinger Bands and smoothed ATR to measure volatility




Features

Thanks to the BB Fibo strategy, you can:

  • Trade stocks and commodities.

  • Identify price pivot points.

  • Choose any band for trading Long or Short positions.

  • Swap upper and lower bands applying Use Reverse Buy/Sell parameters.



Note! The upper bands are for the Long position. The lower bands are for the Short positions.


Parameters

We have equipped our strategy with more than 14 additional parameters. So, you can configure the EA according to your needs!

  • Inputs:
  • Length

  • Source: Open, High, Low, Close, HL2, HLC3, OHLC4

  • Offset

  • Fibonacci Ratio 1 — a Fibonacci factor for the 1st upper and lower indicator lines calculating.

  • Fibonacci Ratio 2 — a Fibonacci factor for the 2nd upper and lower indicator lines calculating.

  • Fibonacci Ratio 3 — a Fibonacci factor for the 3d upper and lower indicator lines calculating.

  • Use Reverse Buy — the strategy will use lower Bollinger bands instead of upper ones.

  • Fibonacci Buy — band selection for opening Long positions conditions.

  • Use Reverse Sell — the strategy will use upper Bollinger bands instead of lower ones.

  • Fibonacci Sell — band selection for opening Short positions conditions.
    • Style:
    • Basis — baseline color and style settings.

    • Upper 3 — the 3d upper line color and style.

    • Upper 2 — the 2nd upper line color and style.

    • Upper 1 — the 1st upper line color and style.

    • Lower 1 — the 1st lower line color and style.

    • Lower 2 — the 2nd lower line color and style.

    • Lower 3 — the 3d upper line color and style.

    • Background — the background color within the 3d upper and 3d lower indicator band.

    • Precision — the number of decimals for BB Fibo values.


      Note! Try BB Fibo on your demo account first before going live.


VolatilityTrend AnalysisBBbbandbollingerbandstrategybollingersbandvolatilityindicator
Commenti
Tradeonomic
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It looks like Keltner. Bollinger when you square ATR range. Looks good though. Thank you.
The-4xdev-company
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@Tradeonomic, Thank you!)
iqbalbadshah31
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Good
The-4xdev-company
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@iqbalbadshah31, Thanks:3
MairyHelen
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I love this topic especially Bollinger Bands Fibonacci Ratios Strategy. Because ratio is most important for trading success. This helped me a lot exactly define my business success. I would like to suggest you to go with this user-friendly and configurable trading view.
The-4xdev-company
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@MairyHelen, thank you for your kind words!)
shamsulzoha5
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Looks better than the other bollinger band strategies I have tested on TradingView. The maximum drawdown and the profitability is under control which is a good sign. Overall excellent.
The-4xdev-company
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@shamsulzoha5, thanks!) Don’t forget, you can create your own EA using our programming services
JustinIbarra
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I came up with different strategies. But BB Fibo strategy looks much better because it is user-friendly and configurable. Because of it's great feature users can trade stocks and commodities, identify price pivot points, can choose any band for trading long or short positions. Highly recommended.
The-4xdev-company
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@JustinIbarra, :)
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