Bollinger RSI combines Bollinger Band overextension with RSI momentum signals.
When price closes outside the bands but RSI shows divergence, a reversal is often near.
The system takes counter-trend trades on that divergence, exiting once price re-enters the bands or RSI crosses back.
A tight percent stop limits exposure in case volatility expands further.
- Entry Criteria: indicator signal
- Long/Short: Both
- Exit Criteria: stop-loss or opposite signal
- Stops: Yes, percent based
- Default Values:
- CandleType = 15 minute
- StopLoss = 2%
- Filters:
- Category: Mean reversion
- Direction: Both
- Indicators: Bollinger Bands, RSI
- Stops: Yes
- Complexity: Intermediate
- Timeframe: Intraday
- Seasonality: No
- Neural networks: No
- Divergence: No
- Risk level: Medium