OPEN-SOURCE SCRIPT
RSI + BB + ATR Short Signal
This indicator highlights potential short setups by combining three conditions:
When all conditions line up on the same bar, the script plots a red triangle above the candle and triggers an alert so you can act immediately.
To help visualise the setup, the script also plots the full Bollinger Bands (upper, middle, lower) and a line showing the threshold of 5-day-low + ATR × multiplier. You can adjust RSI length and level, Bollinger settings, ATR length, and the ATR multiplier.
- RSI Overbought – RSI must be above the user-defined level.
- Bollinger Band Break – Price must close above the upper Bollinger Band.
- Extended Above the 5-Day Low – Price must sit at least X ATR above the recent 5-day low.
When all conditions line up on the same bar, the script plots a red triangle above the candle and triggers an alert so you can act immediately.
To help visualise the setup, the script also plots the full Bollinger Bands (upper, middle, lower) and a line showing the threshold of 5-day-low + ATR × multiplier. You can adjust RSI length and level, Bollinger settings, ATR length, and the ATR multiplier.
Skrip open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Pernyataan Penyangkalan
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.
Skrip open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Pernyataan Penyangkalan
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.