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