Bollinger RSI Strategy (Python)

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