Bollinger Bands, RSI and Divergence Indicator needed

Job finished

Execution time 18 hours
Feedback from employee
It’s a pleasure collaborating with someone so thorough and professional. We look forward to working with you again in the future!
Feedback from customer
James is highly skilled at his job, providing quick and effective responses. He is always available to address any issues that arise. Don't hesitate to hire him for any trading solutions

Specification

Dear Developers, i am looking for someone to build NON REPAINT indicator based on

  • RSI (Relative Strength Index)
    • Period: 14
    • Oversold Level: 35
    • Overbought Level: 65
  • Bollinger Bands
    • Period: 20
    • Deviation: 2

Signal Logic:

  1. Bullish Signal:
    • A bearish candlestick closes below the lower Bollinger Band. {outside bands}
    • RSI is below 35 (oversold).
    • Regular Bullish Divergence: The second touch of the price forms a Lower Low (LL) while RSI forms a Higher Low (HL).
  2. Bearish Signal:
    • A bullish candlestick closes above  upper Bollinger Band. {outside band}
    • RSI is above 65 (overbought).
    • Regular Bearish Divergence: The second touch of the price forms a Higher High (HH) while RSI forms a Lower High (LH).

GIVE PRE-ALERTS when price breaks lower or upper bands, RSI is oversold or overbought, a buy or sell signal must come after if it matches signal logic

Signal Generation and Divergence Confirmation:

  • RSI + Bollinger Bands generate the signal.
  • Divergence is used to confirm the signal for buy or sell decisions.(draw divergence dynamically)

Time Frame:

  • Signals are generated for all timeframes, with each timeframe producing its own independent signal.

Visualization:

  • Bullish signals: A green arrow appears below the bearish candlestick.
  • Bearish signals: A red arrow appears above the bullish candlestick.
  • Divergence Visualization:
    • Lines are drawn connecting the divergence points (price and RSI).
    • Different colors are used to distinguish between bullish (e.g., green) and bearish (e.g., red) divergences.

Alerts:

  • Push notifications, email, or sound alerts will trigger when a signal is generated.

Additional Features:

  • Configurable settings for all parameters (RSI, Bollinger Bands, signal expiry).
  • Backtesting capability to analyze the performance of the strategy

    Please provide samples before you are rewarded the job in order to avoid chance takers who take advantages. 



































































































































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Project information

Budget
30 - 100 USD
Deadline
from 1 to 10 day(s)