3-Way Bollinger Trend V2 [ZynAlgo]
Most pullback tools fire on every dip, even when the bigger picture is against you, and then cut winning trades short at a fixed target. 3-Way Bollinger Trend V2 reads trend, volatility and momentum in one band, only takes a pullback when a higher timeframe agrees, and lets the trades that work keep running.
Key benefits
- Two-timeframe confirmation: a Buy needs the higher-timeframe Hull MA rising, a Sell needs it falling. Only closed higher-timeframe bars are used, so signals never repaint.
- No signals in sideways markets: Strict Momentum blocks entries while the band is yellow, so the indicator stays quiet in chop instead of forcing trades.
- Let winners run: the default Trail exit moves the stop to breakeven at 1R, to TP1 at 2R, then holds the trade until a bar closes back across the center line.
- Honest trade log: the dashboard counts every closed trade at its real R result, timeouts included, with a breakeven exit counted as not a win.
How it works
A fast Hull MA center line sits inside a volatility band, and RSI colors the band Bullish, Bearish or Sideway. A signal needs price to close back on the trend side of the center line, hold for the confirmation bars, match the band color and agree with the higher-timeframe slope. Entry is the next bar's open with a 2.0 x ATR stop. Full walkthrough is in the Manual.
What's included / Platforms
- TradingView indicator, Pine Script v6, invite-only. Added to your TradingView username automatically with an active ZynAlgo VIP membership.
Best for
Trend and pullback traders on Gold and major crypto pairs, H4 to D1, who want fewer, filtered continuation entries and a trailing exit instead of a fixed target.
Get started
Disclaimer: for research and education only, not financial advice. The Win Rate, Profit Factor and Avg R figures come from an internal, non-executed simulation over the loaded chart history, before spread and commission, not a broker report. Signals are not guarantees and no indicator removes market risk, trade with your own plan and position sizing.
3-Way Bollinger Trend V2 [ZynAlgo]
User Manual
1. Overview
3-Way Bollinger Trend V2 reads trend from three layers at once - a fast Hull MA center line, a volatility band built around it, and RSI momentum coloring - and only takes a pullback signal when a higher timeframe agrees. The goal: trade continuation pullbacks inside a trend confirmed on two timeframes, and let the trades that work keep running instead of capping them at a fixed target.
2. The Three Layers
- Center line - Hull MA of the close (Band Settings -> HMA Length, default 20). It reacts faster than a same-length SMA while staying smooth.
- Volatility band - center line +/- a multiple of the standard deviation of price over the same length (Band Width, default 2.0). It widens in fast markets and narrows in quiet ones.
- Momentum color - RSI (default 14) above 55 colors the band green (Bullish), below 45 red (Bearish), in between yellow (Sideway). The color decides which direction a signal may take.
3. How a Signal Forms
- Trigger - a bar closes back on the trend side of the center line after a pullback (above it for Buy, below it for Sell).
- Confirmation - the next bars (Signal Settings -> Confirmation Bars, default 2) must also close on that side. A close back across cancels the setup.
- Strict Momentum (default ON) - on the confirmation bar the band must be green for a Buy or red for a Sell. While the band is yellow no signal is allowed. Turn it off to let the last established color carry through Sideway.
- Higher-Timeframe Trend Filter (default ON) - the same Hull MA is calculated on a timeframe several times the chart timeframe (default x4: H1 reads H4, H4 reads 16H, D1 reads 4D). A Buy needs that line rising, a Sell needs it falling. Only closed higher-timeframe bars are used, so the filter never changes after a signal has printed.
- Signal reason - hover any arrow to read why it fired: direction, band state, HTF trend and the confirmation count.
4. Entry, Stop and Exit (Trade Mode ON)
- Entry - the open of the bar after the confirmation bar.
- Stop - 2.0 x ATR(14) from entry (Signal Settings -> SL Distance). R = the stop distance.
- Exit Mode: Trail HMA after TP1 (default) - at TP1 (1R) the stop moves to breakeven, at TP2 (2R) it moves up to TP1, and the trade stays open until a bar closes back across the center line. There is no fixed final target.
- Exit Mode: Fixed TP - classic ladder TP1 / TP2 / TP3 = 1R / 2R / 3R, same breakeven and TP1 stop steps, closes at the last enabled target.
- Max Trade Duration (default 200 bars) - a trade still open after this closes at market (TIMEOUT).
5. Trade Mode and Display
- Trade Mode OFF - arrows with hover reasons only.
- Trade Mode ON (default) - each signal draws its risk / reward boxes and a stop line that moves as TP1 / TP2 are reached; Stability Mode becomes active and the dashboard adds the trade log.
- Show Bands (Display, default ON) - show or hide the center line and colored band in either mode.
- UI Text Size (Display, default Normal) - Tiny / Small / Normal / Large / Huge for the signal labels and the dashboard.
6. Execution Filters
- Stability Mode (default ON, Trade Mode) - no new signal while a trade is still open.
- Cooldown (Bars) (default 5) - minimum spacing between two signals.
7. Dashboard
- RSI / Momentum Zone - current RSI and BULLISH / BEARISH / SIDEWAY state.
- HTF Trend - the higher timeframe in use and whether its line is RISING, FALLING or FLAT.
- Best on - the defaults were tuned on Gold and major crypto pairs, H4 to D1. Below H4 a note reminds you that noise and trading costs weigh more.
- Last Signal - direction of the most recent signal and how many bars ago it fired.
- Trades / Win Rate / PF / Avg R (Trade Mode ON) - every closed trade at its actual R result, timeouts included, breakeven exits counted as not a win.
8. Alerts
- Pullback Buy / Pullback Sell - fire on the same closed bar and the same filtered event as the arrow on the chart.
- BUY / SELL Signal (JSON) - the same events with symbol, action, entry, stop, TP1-TP3, timeframe and ATR in a JSON message for webhook automation. In Trail mode TP3 is sent as 0 because there is no fixed final target. Create alerts with "Once Per Bar Close".
9. Important Notes
- All signal logic runs on closed bars only, and the higher-timeframe filter reads closed HTF bars only - signals do not repaint.
- The trade log is an internal, non-executed simulation over the history loaded on the chart, before spread and commission. It is a study of the settings on past data, not a broker report and not indicative of future results.
- This indicator is a tool for analysis and education, not financial advice. Always apply your own analysis and risk management.
10. Practical Tips
- Start on H4 or D1 and read a few hover reasons before relying on the arrows.
- Want more signals? Turn Strict Momentum off, or lower the HTF multiplier to 2-3. Expect more trades in choppy conditions.
- Prefer fixed targets for planning? Switch Exit Mode to Fixed TP and set TP1-TP3 to fit the instrument.
- Stop too wide or too tight? Adjust SL Distance (x ATR) - every R level follows it.
- 3-Way Bollinger Trend [ZynAlgo] v1Oct 30, 2026
