49# Bollinger Bands with RSI OB-OV
Bands Momentum Strategy
Strategy based on overbought and oversold
Submit Alex Moyo (modified setting by Janus Trader)
Bollinger Bands with RSI OB-OV is a TradingView strategy written for TradingView platform by Chartart in 2015. What I show here today is a very thorough modified version that works at all time frames.
ChartArt strategy idea
This strategy uses the RSI indicatortogether with the Bollinger Bands to sell
when the price is above the upper Bollinger Band (and to buy when this value is below the lower band).
This simple strategy only triggers when both the RSI and the Bollinger Bands indicators are at the same time in a overbought or oversold condition. In this version the strategy was both
simplified for the user and made more successful in backtesting.
How to install the strategy on TradingView.
1) open Pine Script editor;
2) Select and delete everything.
3) Copy and paste the Bollinger Bands with RSI OB-OV code:
4) Save:
5) You can find the strategy from the indicators> My scripts menu.
New setting
Setup Strategy
Indicators
RSI 2 periods, close.
Optional filter for 1 minute time frame optionale
Simple moving Average 200 periods.
Bollinger Bands (20 periods, deviation 2.0).
Time 1 minute or higher examples of trades.
Best currency pairs: EURGBP, USDCHF, EURCHF, AUDNZD, AUDCAD, AUDCHF, NZDUSD.
Examples of trades.
