Bollinger Bands RSI strategy (by point algo)

Description:
This TradingView Pine Script strategy combines Bollinger Bands and Relative Strength Index (RSI) to generate precise buy and sell signals for both intraday and positional trading. Designed for flexibility, it supports trading in Futures and Options markets, with customizable parameters to suit various trading styles and risk appetites.
Key Features:

Bollinger Bands & RSI Integration: The strategy uses Bollinger Bands to identify volatility-based entry/exit points and RSI to confirm momentum, ensuring robust trade signals. Buy signals are triggered when the price crosses above the upper Bollinger Band with RSI crossing above the upper threshold during an uptrend. Short signals occur when the price crosses below the lower Bollinger Band with RSI crossing below the lower threshold.
Customizable Trade Settings:

System Mode: Choose between "Intraday" or "Positional" trading modes.
Price Source: Select from Close, Open, High, Low, HL2, HLC3, or OHLC4 for calculations.
Bollinger Bands: Adjustable period (default 20) and standard deviation (default 2).
RSI: Configurable period (default 14) and upper/lower thresholds (default 60/40).
Session Control: Define specific trading sessions for intraday strategies and set backtest date ranges.


Risk Management:

Stop Loss (SL): Supports Percentage, Points, or Risk-based SL, with a customizable value.
Take Profit (TP): Configurable as Percentage, Points, or Risk-based targets.
Trailing Stop Loss (TSL): Optional trailing SL in Percentage, Points, or Risk modes to lock in profits dynamically.


Trade Execution:

Supports Long, Short, or Both trade directions.
Compatible with Futures and Options (ITM, ATM, OTM strikes).
Option to trade as an Option Buyer or Seller.
Customizable trade quantity and strategy tag for integration with trading platforms like Algobaba.


Visualizations: Plots Bollinger Bands, entry/exit signals, entry price, target, and stop loss levels for clear trade monitoring.

How It Works:

Buy Signal: Triggered when the price crosses above the upper Bollinger Band, RSI crosses above the upper level, and the middle band is in an uptrend.
Short Signal: Triggered when the price crosses below the lower Bollinger Band, RSI crosses below the lower level, and the middle band is in an uptrend.
Exits: Positions are closed based on SL, TP, TSL, or session end (for intraday). Positional trades exit based on signals or backtest end date.

Best Use Cases:

Ideal for traders seeking a systematic approach to trading volatile markets.
Suitable for both Futures and Options traders, with flexible risk management.
Perfect for backtesting across various instruments and timeframes within the specified date range (default: 2025).

Note: Always backtest thoroughly and adjust parameters to match your risk tolerance and market conditions before deploying in live trading.