Custom RSI & Bollinger Bands Indicator
Budget: €8 – €30 EUR
**Indicator Objective:**
To create an indicator combining RSI and Bollinger Bands functionalities, which generates buy (L) and sell (S) signals based on specific conditions and sends notifications to Telegram.
**Indicator Functionality:**
**RSI Parameters:**
- RSI period (modifiable).
- Overbought level (e.g., 70, modifiable).
- Oversold level (e.g., 30, modifiable).
**Bollinger Bands Parameters:**
- Period (modifiable, e.g., 20).
- Standard deviation (modifiable, e.g., 2.0).
**Signal Generation Logic:**
**Buy Signal (L):**
- RSI was in the oversold zone (value <= oversold level).
- The candle's closing price moved below the lower Bollinger Band.
- The price then closed back inside the Bollinger Band (on the next candle).
- Once these conditions are met, an L signal is generated.
**Sell Signal (S):**
- RSI was in the overbought zone (value >= overbought level).
- The candle's closing price moved above the upper Bollinger Band.
- The price then closed back inside the Bollinger Band (on the next candle).
- Once these conditions are met, an S signal is generated.
**Telegram Notifications:**
- The indicator sends notifications for L and S signals to a specified Telegram Chat ID.
- Notifications include details such as the type of signal (L/S), the closing price value, and the time the signal occurred.
**Chart Display:**
- RSI lines.
- Upper and lower Bollinger Bands.
- Additionally: the ability to mark the candles where signals were generated (e.g., with arrows or symbols).
To create an indicator combining RSI and Bollinger Bands functionalities, which generates buy (L) and sell (S) signals based on specific conditions and sends notifications to Telegram.
**Indicator Functionality:**
**RSI Parameters:**
- RSI period (modifiable).
- Overbought level (e.g., 70, modifiable).
- Oversold level (e.g., 30, modifiable).
**Bollinger Bands Parameters:**
- Period (modifiable, e.g., 20).
- Standard deviation (modifiable, e.g., 2.0).
**Signal Generation Logic:**
**Buy Signal (L):**
- RSI was in the oversold zone (value <= oversold level).
- The candle's closing price moved below the lower Bollinger Band.
- The price then closed back inside the Bollinger Band (on the next candle).
- Once these conditions are met, an L signal is generated.
**Sell Signal (S):**
- RSI was in the overbought zone (value >= overbought level).
- The candle's closing price moved above the upper Bollinger Band.
- The price then closed back inside the Bollinger Band (on the next candle).
- Once these conditions are met, an S signal is generated.
**Telegram Notifications:**
- The indicator sends notifications for L and S signals to a specified Telegram Chat ID.
- Notifications include details such as the type of signal (L/S), the closing price value, and the time the signal occurred.
**Chart Display:**
- RSI lines.
- Upper and lower Bollinger Bands.
- Additionally: the ability to mark the candles where signals were generated (e.g., with arrows or symbols).