ATR-Scaled Bollinger Bands and Fibonacci-Level Entries

Summary

This strategy builds price bands around a simple moving average using ATR multiplied by configurable Fibonacci ratios. It plots three upper and three lower levels, with a 20-period lookback and default ratios of 1.618, 2.618, and 4.236. The source enters long when a bar crosses a selected upper level and short when it crosses a selected lower level; optional reverse settings can switch the chosen side. The document's explanation frames the idea as using band breaks to identify direction and Fibonacci zones for pullback entries.

Published settings specify BTC/USDT futures on a two-hour period with a 15-minute base period over about one month in 2023, but no performance results are reported. There is a notable gap between the narrative and the code: the code enters when price touches a selected level and does not require a prior breakout or wait for a retracement after one. It also defines no explicit stop-loss or take-profit. False signals, parameter choice, and the absence of reported execution costs limit what can be concluded.

Key ideas

• The bands are centered on a simple moving average and scaled by ATR and selected Fibonacci ratios.
• A bar crossing a selected upper or lower level triggers a long or short entry in the source logic.
• Optional reverse settings allow the buy and sell levels to be switched to the opposite side.
• The narrative describes breakout followed by pullback entries, but the code does not enforce that sequence.
• The published backtest settings contain no performance results, and the source specifies no explicit exits.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.