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OPEN-SOURCE SCRIPT
Updated

LBB + RSI Multi-Level + Compact Table

322
BB and RSI scalping script for daily or scalp zone with signals
Release Notes
Вот готовое **финальное полное описание на английском** для публикации скрипта в TradingView, с учётом **всех последних улучшений (18 июля 2025)**, с акцентом на:

* принцип работы,
* оптимизацию под М5–М15,
* поддержку всех таймфреймов,
* точное локальное время сигналов,
* последние изменения.

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## 📄 **LBB + RSI Multi-Level + Compact Table**

This indicator is designed for precision scalping and intraday strategies using a combination of **logarithmic Bollinger Bands (LBB)**, **multi-level RSI triggers**, and **contextual confirmations** such as volume and pin bars.

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### ⚙️ **Core Features & Logic**

This tool can be used across **all timeframes**, but is **specifically optimized for M5–M15**, where short-term volatility and overbought/oversold signals matter most.

On higher timeframes (H1, H4, D1), it may serve as a broader directional filter or to spot major exhaustion levels — though signals will appear less frequently.

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### 📌 **Signal Conditions**

#### 🔽 LONG Signals:

Displayed when price is **below the lower logarithmic Bollinger Band** and RSI is:

* < 40 → orange triangle
* < 35 → yellow triangle
* < 30 → green triangle (strongest)

#### 🔼 SHORT Signals:

Displayed when price is **above the upper logarithmic Bollinger Band** and RSI is:

* > 60 → red triangle
* > 65 → purple triangle
* > 70 → blue triangle (strongest)

Each condition is shown on the chart as a visual triangle + internal flag for alerting.

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### 📊 **Compact Signal Table**

A floating table (position customizable) displays the **most recent signal only**, with:

* 📉 or 📈 direction and entry price
* RSI value
* Volume (auto-formatted in K or M)
* Pin Bar confirmation (✔ or –)
* Local time of the signal candle

This allows fast decision-making without crowding the chart.

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### 🔔 **Alerts Included**

The script includes **six built-in `alertcondition()` functions**, one per signal level, allowing custom alerts with:

* Sound
* Pop-up
* Push notification
* Webhook

Use them to build your own automation or real-time triggers.

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## 🆕 **Latest Improvements (July 18, 2025)**

✅ **Local Timezone Setting**
Added a new parameter for manual `UTC offset` (from -12 to +14) — each trader can now adjust the table time display to match their local timezone.

✅ **True Signal Candle Time**
The script now shows the **actual time of the bar where the signal occurred**, not the chart refresh time. This ensures full alignment with signal appearance on chart.

✅ **Strict Type-Safe Code**
Refactored to avoid Pine Script NA assignment errors and ensure stable publication.

✅ **More Accurate Table Logic**
Signal time is shown in `dd-MM-yy HH:mm` format, updated only when a valid condition triggers.

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## 💡 **Tip for Use**

This script pairs perfectly with:

* Price action zones (S/D, order blocks)
* Coinglass liquidation clusters
* Scalping setups with fixed RR or Fib levels
* Multi-timeframe confirmation (use with H1 trend + M5 entries)

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If you'd like a version with optional signal filtering, auto TP/SL projection, or visual heatmaps — follow or message for extended versions.

Enjoy and trade mindfully.

July 2025 update: local time display, real signal bar time, new UTC offset setting

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.