// Downloaded From https://www.WiseStockTrader.com ///Mjoger Bollinger System 1.1 //best results for 5 - and 1 - minutes periods Stop_Profit = Optimize( "profit point", 0, 0, 40, 1 ); BollingerPeriods = Optimize( "period bollinger", 16, 3, 25, 1 ); BollingerWidth = Optimize( "width bollinger", 3, 1, 4, 1 ); LevelAboveBandTop = Optimize( "above band", 50, 0, 100, 25 ); RSISIGNAL = Optimize( "rsi signal", 7, 2, 20, 1 ); ApplyStop(stopTypeTrailing, stopModePoint, Stop_Profit, 0, False, 0); BuyShortPosition = Close>BBandTop(Close, BollingerPeriods,BollingerWidth ) || Open>BBandTop(Close, BollingerPeriods,BollingerWidth ) || High>BBandTop(Close, BollingerPeriods,BollingerWidth ); //for backtesting = buy only one contract/share PositionSize = MarginDeposit = 1; BuyShortPositionPriceSignalPercent = 0; diffCloseOpen = abs(Close-Open); diffCloseBollingerTop = abs(Close-BBandTop(Close, BollingerPeriods,BollingerWidth )); BuyShortPositionPriceSignalPercent = IIf( Close= LevelAboveBandTop ; AboveBollingerBand = BuyShortPositionPriceSignalPercent >= LevelAboveBandTop ; Buy=BuyLongPosition && BelowBollingerBand && RSI(RSISIGNAL ) <40 ; Sell=0;//RSI(RSISIGNAL ) > 90; Short=BuyShortPosition && AboveBollingerBand && RSI(RSISIGNAL ) >80 ; Cover=0;//RSI(RSISIGNAL ) < 10 ; Plot( BBandTop(Close, BollingerPeriods,BollingerWidth ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") ); Plot( BBandBot(Close, BollingerPeriods,BollingerWidth ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") ); Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); PlotShapes(IIf(Buy, shapeUpArrow, shapeNone),colorGreen, 0, Close, 0); PlotShapes(IIf(Sell , shapeDownArrow, shapeNone),colorRed, 0, Close, 0); PlotShapes(IIf(Short , shapeDownTriangle, shapeNone),colorBrightGreen, 0, Close, -5); PlotShapes(IIf(Cover , shapeUpTriangle, shapeNone),colorBlue, 0, Close, -5);