The Bollinger Bands Reversal Indicator is designed to identify potential turning points in the market by combining Bollinger Band levels with strict confirmation rules to reduce false signals. This study automatically scans for moments when price action pushes beyond traditional volatility bands and then reverses with strength, signaling possible high-probability entry and exit opportunities.
Key Features:
✅ Buy Signals: Triggered when price dips below the lower Bollinger Band, then reverses higher with confirmation.
✅ Sell Signals: Triggered when price extends above the upper Bollinger Band, then reverses lower with confirmation.
✅ False Signal Filter: Incorporates midline checks to reduce noise and increase accuracy.
✅ Visual Alerts: Clear up and down arrows plotted directly on the chart for instant recognition.
✅ Compatible with Any Market: Works on stocks, ETFs, futures, and forex across multiple timeframes.
Ideal For:
Traders who want a straightforward, rules-based reversal system that combines volatility analysis with price action confirmation. Perfect for swing traders, intraday setups, or anyone looking to enhance their charting with automated signal detection.
The Bollinger Bands Reversal Indicator is designed to identify potential turning points in the market by combining Bollinger Band levels with strict confirmation rules to reduce false signals. This study automatically scans for moments when price action pushes beyond traditional volatility bands and then reverses with strength, signaling possible high-probability entry and exit opportunities.
Key Features:
✅ Buy Signals: Triggered when price dips below the lower Bollinger Band, then reverses higher with confirmation.
✅ Sell Signals: Triggered when price extends above the upper Bollinger Band, then reverses lower with confirmation.
✅ False Signal Filter: Incorporates midline checks to reduce noise and increase accuracy.
✅ Visual Alerts: Clear up and down arrows plotted directly on the chart for instant recognition.
✅ Compatible with Any Market: Works on stocks, ETFs, futures, and forex across multiple timeframes.
Ideal For:
Traders who want a straightforward, rules-based reversal system that combines volatility analysis with price action confirmation. Perfect for swing traders, intraday setups, or anyone looking to enhance their charting with automated signal detection.
