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                                                   bollinger band & rsi formula


2010-05-06 08:15:44

how can i wright formula of Stock price touches the lower Bollinger Band and RSI is less than 30-buyrule &Stock price touches the upper Bollinger Band and RSI is greater than 70 - sell rule?
this two rule i want to plot on chart ?
my second ques. is how can select green candle means , if my formula which is indicate buy signal but i want addition that genereate signal if it is green candle
e.g. formula-
minus_dm(14)cross above plus_dm(14)then genrate buy signal but in this case iwant that the candle was a green color

2010-05-06 10:30:16


Best Answer

Here is the Bollinger Bands and RSI rules:

buyrule = cross(BbandSlower(14, 2, _MaSma), close) and rsi(14) < 30;
sellrule = cross(close, BbandsUpper(14, 2, _MaSma)) and rsi(14) > 70;
PlotArrow(buyrule, "Buy", BelowLow, colorGreen);
PlotArrow(sellrule, "Sell", AboveHigh, colorRed);

Green candles occur when the close price is higher than the open price:
rule = close > open;

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