Bollinger Band RSI Indicator
PineScript version 6 indicator for trading strategy.
Create a professional PineScript version=6 indicator following these guidelines:
- **Capital Usage:** Always utilize 100% of capital for trades.
- **Slippage Setting:** Configure slippage to a maximum of 3.
- **Date Filters:** Include inputs for Start Date and End Date allowing users to filter trades from 1st January 2018 to 31st December 2069.
### Long Entry Conditions:
- **Condition 1:** Price is below the Lower Bollinger Band.
- **Condition 2:** RSI is below 25.
- **Condition 3:** A green trigger candle appears after a red candle (the close is greater than the prior candle's high).
- **Stop Loss Calculation:** `stopLoss = close - atr * 1.6`
- **Take Profit Calculation:** `takeProfit = close + atr * 1.6`
### Short Entry Conditions:
- **Condition 1:** Price is above the Upper Bollinger Band.
- **Condition 2:** RSI is above 75.
- **Condition 3:** A red trigger candle appears after a green candle (the close is less than the prior candle's low).
- **Stop Loss Calculation:** `stopLoss = close + atr * 1.6`
- **Take Profit Calculation:** `takeProfit = close - atr * 1.6`
### Implementation Steps:
1. Initialize inputs for slippage, start date, and end date.
2. Calculate Bollinger Bands, RSI, and ATR.
3. Define conditions for long and short entries based on specified criteria.
4. Create order placement logic incorporating stop loss and take profit settings.
5. Ensure compliance with trade execution timeframe based on user inputs.
6. Test the script for performance and accuracy.
### Output Format:
- The final output should be a functional PineScript v6 code that accurately reflects the trading strategy, adhering to all specified conditions, calculations, and user inputs.
Created: 7/9/2025
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