Boilinger Bands and RSI by Gerega
- Experts
- Illia Hereha
- Version: 1.6
- Activations: 10
This strategy combines Bollinger Bands and the Relative Strength Index (RSI) to identify optimal trade opportunities. It is designed for mean-reversion and trend-following trading, making it effective in various market conditions.
How It Works:
•Bollinger Bandshelp determine volatility and overbought/oversold conditions.
•RSI measures momentum and confirms potential reversals.
•Trade Entry:
•Buy:When the price touches or moves below the lower Bollinger Band, and the RSI is in the oversold zone (below 30).
•Sell:When the price touches or moves above the upper Bollinger Band, and the RSI is in the overbought zone (above 70).
•Trade Exit:
•Positions are closed when the RSI moves back into the neutral zone (40-60) or when the price returns to the middle Bollinger Band.
Key Features:
•Combines Volatility & Momentum– Provides strong confirmation signals.
•Works in Multiple Market Conditions– Can be used for both trend and range trading.
•Effective for Scalping & Swing Trading– Adaptable to different timeframes.
•Customizable Parameters– Adjust Bollinger Bands and RSI settings to optimize performance.
This strategy is ideal for traders looking for reliable entry and exit signals based on market conditions.