Bollinger Bands Momentum TradingView Code
The Bollinger Bands Momentum Indicator has been meticulously designed to capture powerful breakout moves and ride the momentum of price trends.
It is effective in all markets that are displaying trending characteristics and works on all timeframes.
This indicator not only identifies breakout trade opportunities, based on a well refined set of entry criteria, but also can alert you to trade entry and exit signals in real time.
It will help ensure you are managing risk effectively with a built in stop-loss feature which will indicate where to place your stop-loss based on previous data.
Another feature of this indicator is the current trend momentum feature. The background color of the Bollinger Bands Momentum Indicator will change based on the strength and direction of the current trend. This enables the user to immediately gauge the current market conditions with no more than a quick glance.
The following settings are available for you to customize:
- Market trend indicator
- Stop-loss tolerance
- Bollinger Bands moving average length
- Bollinger Bands standard deviation range
- Entry indicators
- Exit indicators
- Alerts
- Visual color scheme
This indicator will be periodically updated as we receive feedback from the community. We will not notify you of minor changes but we will send out an email to all users when a big update has been released.
Purchase will come with life time updates and support.
For the Mean Reversion version of the indicator please click here
Instructions:
To use this indicator, simply go to: https://www.tradingview.com/chart/ and click Pine Editor, remove all the contents and paste the code in.
See this link for video instructions.
If you have any questions, you may email us at: support@aheadofthetrade.com or message us directly on our discord.
How to set alerts:
Changelog:
v1.2 Changed entry requirements of BBW expansion from a fixed value tolerance to a percentage value tolerance (Break outs must occur when BBW expands plus a fixed value vs break outs must occur when BBW expands plus a percentage value). After significant backtesting we have resolved a biased towards smaller cap stocks with elevated volatility.
v1.1 Renamed some style names for clarity
Disclaimer:
The information contained in the videos/scripts/indicators/ideas do not constitute financial advice or a solicitation to buy or sell any securities of any type. Ahead of the Trade does not take responsibility for blown accounts, losses, or gains, which may arise directly or indirectly from the use of or reliance on such information. The channel and its contents are for educational purposes.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Purchases made are non-refundable, please consider when buying.