RSI + BB Inside Strategy by jfiejka
By jfiejka
Performance Metrics
- Author: jfiejka
- Symbol: OANDA:XAGUSD
- Timeframe: 5 minutes
- Win Rate: 27.6%
- Profit Factor: 0.706
Description
Strategy Description: RSI + BB Inside Setup v6An automated trading strategy combining two classic technical analysis indicators: the RSI (Relative Strength Index) and Bollinger Bands (BB), fully optimized for Pine Script v6.How It Works:Long Entry (Buy): Triggered when the market is oversold (RSI 70$) while the price stays below the upper Bollinger Band.Exit Signal: Positions are automatically closed as soon as the price crosses the basis line (middle moving average) of the Bollinger Bands, capturing the reversion to the mean.Key Features:Visual Clarity: Dynamically splits the Bollinger Bands into a bullish zone (green background) and a bearish zone (red background), with vertical highlights on signal candles.Automation Ready: Features built-in alert_message integration. Set up a single alert using the {{strategy.order.alert_message}} placeholder to receive real-time, context-specific notifications for all entries and exits.