Bollinger Reversal Scanner?

A

adarty73

New member
Hi Im new with this, I was looking at some code I found that plots me the entry when the price touches the lower band of Bollinger Bands of the previous day and when the following day opens higher, also plots the exit signal when the RSI is lower than the previous day RSI and of opens lower.

declare lower;
plot signal=RSI()."RSI" crosses above 25 and low crosses below BollingerBands()."LowerBand" within 4 bars;
plot exit=RSI()."RSI" is less than RSI()."RSI" from 1 bars ago and high crosses above BollingerBands()."UpperBand" within 4 bars;

This is to identify possible reversal on Bollinger Bands, How can I implement into a Scanner that found stocks that are touching the bollinger Bands on the Dailychart with a possible of reversal?

someone can help me?
thanks
 
mc01439

mc01439

Well-known member
2019 Donor
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That is a simple scan if I understand what you are asking. Paste into thinkScript Editor under the Scan tab.

close crosses above BollingerBands()."LowerBand"

Link to image;

 
A

adarty73

New member
wow that was very simple thank you very much @mc01439 :)
 

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